SAMAIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SAMAIN
Largest movements
- Tangible fixed assets +€478,934
up €478,934 (+33.4%), from €1.4m to €1.9m
of which Land and buildings: +€414,555
- Cash -€111,133
down €111,133 (-49.6%), from €223,869 to €112,735
mainly Investment in fixed assets (net) (-€602,561) and Tax, wage and social debts (-€17,932)
- Debts after one year +€269,287
up €269,287 (+38.3%), from €702,860 to €972,147
- Other debts +€76,655
up €76,655 (+27.6%), from €277,810 to €354,465
- Current portion of long-term debt +€41,864
up €41,864 (+44.3%), from €94,449 to €136,313
- Reserves +€29,975
up €29,975 (+5.0%), from €594,079 to €624,054
- Depreciation +€19,561
up €19,561 (+18.8%), from €104,066 to €123,627
- Gross operating margin +€8,800
up €8,800 (+4.8%), from €183,729 to €192,529
- Financial charges +€7,384
up €7,384 (+49.4%), from €14,942 to €22,325
- Taxes -€6,470
down €6,470 (-40.6%), from €15,927 to €9,456
- Other operating charges +€3,208
up €3,208 (+35.8%), from €8,952 to €12,161
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,744,971 | €2,130,287 | +€385,316 | +22.1% |
| Fixed assets | 21/28 | €1,435,364 | €1,914,298 | +€478,934 | +33.4% |
| Tangible fixed assets | 22/27 | €1,435,314 | €1,914,248 | +€478,934 | +33.4% |
| Land and buildings | 22 | €1,336,162 | €1,750,717 | +€414,555 | +31.0% |
| Plant, machinery and equipment | 23 | €76,109 | €95,283 | +€19,174 | +25.2% |
| Furniture and vehicles | 24 | €23,043 | €68,249 | +€45,205 | +196% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €309,607 | €215,989 | -€93,619 | -30.2% |
| Stocks and contracts in progress | 3 | €41,769 | €41,612 | -€156 | -0.4% |
| Stocks | 30/36 | €41,769 | €41,612 | -€156 | -0.4% |
| Amounts receivable within one year | 40/41 | €38,937 | €56,491 | +€17,555 | +45.1% |
| Trade receivables | 40 | €30,236 | €34,493 | +€4,257 | +14.1% |
| Other amounts receivable | 41 | €8,701 | €21,998 | +€13,297 | +153% |
| Cash at bank and in hand | 54/58 | €223,869 | €112,735 | -€111,133 | -49.6% |
| Deferred charges and accrued income | 490/1 | €5,033 | €5,150 | +€117 | +2.3% |
| Total equity and liabilities | 10/49 | €1,744,971 | €2,130,287 | +€385,316 | +22.1% |
| Equity | 10/15 | €619,079 | €649,054 | +€29,975 | +4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €594,079 | €624,054 | +€29,975 | +5.0% |
| Distributable reserves | 133 | €594,079 | €624,054 | +€29,975 | +5.0% |
| Amounts payable | 17/49 | €1,125,892 | €1,481,232 | +€355,341 | +31.6% |
| Amounts payable after more than one year | 17 | €702,860 | €972,147 | +€269,287 | +38.3% |
| Financial debts | 170/4 | €702,860 | €972,147 | +€269,287 | +38.3% |
| Amounts payable within one year | 42/48 | €417,705 | €501,127 | +€83,422 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €94,449 | €136,313 | +€41,864 | +44.3% |
| Trade debts | 44 | €18,538 | €4,373 | -€14,165 | -76.4% |
| Suppliers | 440/4 | €18,538 | €4,373 | -€14,165 | -76.4% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €23,907 | €5,975 | -€17,932 | -75.0% |
| Taxes | 450/3 | €21,907 | €5,975 | -€15,932 | -72.7% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €277,810 | €354,465 | +€76,655 | +27.6% |
| Accrued charges and deferred income | 492/3 | €5,327 | €7,959 | +€2,631 | +49.4% |
| Non-recurring operating income | 76A | - | €3,248 | +€3,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,066 | €123,627 | +€19,561 | +18.8% |
| Other operating charges | 640/8 | €8,952 | €12,161 | +€3,208 | +35.8% |
| Gross operating margin | 9900 | €183,729 | €192,529 | +€8,800 | +4.8% |
| Operating profit (loss) | 9901 | €70,711 | €56,742 | -€13,970 | -19.8% |
| Financial income | 75/76B | €3,686 | €5,015 | +€1,329 | +36.1% |
| Recurring financial income | 75 | €3,686 | €5,015 | +€1,329 | +36.1% |
| Financial charges | 65/66B | €14,942 | €22,325 | +€7,384 | +49.4% |
| Recurring financial charges | 65 | €14,942 | €22,325 | +€7,384 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €59,455 | €39,431 | -€20,024 | -33.7% |
| Income taxes | 67/77 | €15,927 | €9,456 | -€6,470 | -40.6% |
| Profit (loss) for the period | 9904 | €43,529 | €29,975 | -€13,554 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,529 | €29,975 | -€13,554 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.