SAMANTA BORZI: 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.
SAMANTA BORZI
Largest movements
- Cash +€123,040
up €123,040 (+267%), from €46,007 to €169,046
mainly Net result for the year (+€98,208) and Tax, wage and social debts (+€13,659)
- Tangible fixed assets -€10,515
down €10,515 (-21.6%), from €48,583 to €38,068
- Deferred charges and accrued income -€6,167
down €6,167 (-67.0%), from €9,198 to €3,031
- Receivables within one year +€3,285
up €3,285 (+394%), from €834 to €4,119
- Profit (loss) carried forward +€98,208
up €98,208 (+517%), from €18,995 to €117,203
- Tax, wage and social debts +€13,659
up €13,659 (+113%), from €12,067 to €25,725
- Debts after one year -€9,266
down €9,266 (-25.9%), from €35,769 to €26,502
- Accrued charges and deferred income +€2,907
new in 2025: €2,907
- Gross operating margin +€112,582
up €112,582 (+382%), from €29,491 to €142,072
- Taxes +€22,263
up €22,263 (+450%), from €4,953 to €27,216
- Depreciation +€7,494
up €7,494 (+184%), from €4,080 to €11,574
- Financial charges +€1,866
up €1,866 (+232%), from €804 to €2,670
- Other operating charges +€1,745
up €1,745 (+265%), from €659 to €2,404
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 | €107,712 | €216,495 | +€108,784 | +101% |
| Fixed assets | 21/28 | €51,672 | €40,299 | -€11,374 | -22.0% |
| Intangible fixed assets | 21 | €3,089 | €2,031 | -€1,058 | -34.3% |
| Tangible fixed assets | 22/27 | €48,583 | €38,068 | -€10,515 | -21.6% |
| Furniture and vehicles | 24 | €48,583 | €38,068 | -€10,515 | -21.6% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €56,039 | €176,197 | +€120,158 | +214% |
| Amounts receivable within one year | 40/41 | €834 | €4,119 | +€3,285 | +394% |
| Trade receivables | 40 | €834 | €4,119 | +€3,285 | +394% |
| Cash at bank and in hand | 54/58 | €46,007 | €169,046 | +€123,040 | +267% |
| Deferred charges and accrued income | 490/1 | €9,198 | €3,031 | -€6,167 | -67.0% |
| Total equity and liabilities | 10/49 | €107,712 | €216,495 | +€108,784 | +101% |
| Equity | 10/15 | €23,995 | €122,203 | +€98,208 | +409% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,995 | €117,203 | +€98,208 | +517% |
| Amounts payable | 17/49 | €83,717 | €94,292 | +€10,575 | +12.6% |
| Amounts payable after more than one year | 17 | €35,769 | €26,502 | -€9,266 | -25.9% |
| Financial debts | 170/4 | €35,769 | €26,502 | -€9,266 | -25.9% |
| Amounts payable within one year | 42/48 | €47,948 | €64,883 | +€16,934 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €8,920 | €9,266 | +€346 | +3.9% |
| Trade debts | 44 | €1,168 | €3,301 | +€2,134 | +183% |
| Suppliers | 440/4 | €1,168 | €3,301 | +€2,134 | +183% |
| Advances received on contracts in progress | 46 | €25,016 | €26,587 | +€1,570 | +6.3% |
| Taxes, remuneration and social security | 45 | €12,067 | €25,725 | +€13,659 | +113% |
| Taxes | 450/3 | €12,067 | €25,725 | +€13,659 | +113% |
| Other amounts payable | 47/48 | €778 | €3 | -€774 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €2,907 | +€2,907 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,080 | €11,574 | +€7,494 | +184% |
| Other operating charges | 640/8 | €659 | €2,404 | +€1,745 | +265% |
| Gross operating margin | 9900 | €29,491 | €142,072 | +€112,582 | +382% |
| Operating profit (loss) | 9901 | €24,752 | €128,095 | +€103,343 | +418% |
| Financial charges | 65/66B | €804 | €2,670 | +€1,866 | +232% |
| Recurring financial charges | 65 | €804 | €2,670 | +€1,866 | +232% |
| Profit (loss) for the period before taxes | 9903 | €23,947 | €125,425 | +€101,477 | +424% |
| Income taxes | 67/77 | €4,953 | €27,216 | +€22,263 | +450% |
| Profit (loss) for the period | 9904 | €18,995 | €98,208 | +€79,214 | +417% |
| Profit (loss) for the period to be appropriated | 9905 | €18,995 | €98,208 | +€79,214 | +417% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.