SAMAR’S: what changed
Two fiscal 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.
SAMAR’S
Largest movements
- Stocks and contracts +€13,726
up €13,726 (+27.0%), from €50,852 to €64,578
- Receivables within one year +€5,141
up €5,141 (+140.1%), from €3,669 to €8,810
- Tangible fixed assets -€4,917
down €4,917 (-22.1%), from €22,278 to €17,361
- Cash +€3,497
up €3,497 (+44.7%), from €7,817 to €11,314
mainly Trade debts (+€9,479) and Depreciation (+€4,917)
- Trade debts +€9,479
up €9,479 (+129.2%), from €7,337 to €16,815
- Debts after one year -€4,681
down €4,681 (-7.7%), from €60,996 to €56,315
of which Financial debts: -€4,681
- Other debts +€4,539
up €4,539 (+3259.4%), from €139 to €4,678
- Profit (loss) carried forward +€4,499
up €4,499 (+34.9%), from €12,885 to €17,384
- Tax, wage and social debts +€3,347
up €3,347 (+165.3%), from €2,024 to €5,371
of which Taxes: +€2,147
- Gross operating margin +€6,918
up €6,918 (+77.7%), from €8,908 to €15,825
- Depreciation +€2,544
up €2,544 (+107.2%), from €2,373 to €4,917
- Financial charges +€576
up €576 (+161.6%), from €356 to €932
- Other operating charges -€373
down €373 (-48.1%), from €776 to €402
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.
Cash bridge derived
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 | €84,881 | €102,063 | +€17,182 | +20.2% |
| Fixed assets | 21/28 | €22,278 | €17,361 | -€4,917 | -22.1% |
| Tangible fixed assets | 22/27 | €22,278 | €17,361 | -€4,917 | -22.1% |
| Furniture and vehicles | 24 | €22,278 | €17,361 | -€4,917 | -22.1% |
| Current assets | 29/58 | €62,603 | €84,703 | +€22,099 | +35.3% |
| Stocks and contracts in progress | 3 | €50,852 | €64,578 | +€13,726 | +27.0% |
| Stocks | 30/36 | €50,852 | €64,578 | +€13,726 | +27.0% |
| Amounts receivable within one year | 40/41 | €3,669 | €8,810 | +€5,141 | +140.1% |
| Trade receivables | 40 | €3,669 | €8,810 | +€5,141 | +140.1% |
| Cash at bank and in hand | 54/58 | €7,817 | €11,314 | +€3,497 | +44.7% |
| Deferred charges and accrued income | 490/1 | €265 | - | -€265 | |
| Total equity and liabilities | 10/49 | €84,881 | €102,063 | +€17,182 | +20.2% |
| Equity | 10/15 | €14,385 | €18,884 | +€4,499 | +31.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €12,885 | €17,384 | +€4,499 | +34.9% |
| Amounts payable | 17/49 | €70,496 | €83,179 | +€12,683 | +18.0% |
| Amounts payable after more than one year | 17 | €60,996 | €56,315 | -€4,681 | -7.7% |
| Financial debts | 170/4 | €18,496 | €13,815 | -€4,681 | -25.3% |
| Other amounts payable | 178/9 | €42,500 | €42,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,501 | €26,864 | +€17,364 | +182.8% |
| Trade debts | 44 | €7,337 | €16,815 | +€9,479 | +129.2% |
| Suppliers | 440/4 | €7,337 | €16,815 | +€9,479 | +129.2% |
| Taxes, remuneration and social security | 45 | €2,024 | €5,371 | +€3,347 | +165.3% |
| Taxes | 450/3 | €2,024 | €4,171 | +€2,147 | +106.0% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €139 | €4,678 | +€4,539 | +3259.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,373 | €4,917 | +€2,544 | +107.2% |
| Other operating charges | 640/8 | €776 | €402 | -€373 | -48.1% |
| Non-recurring operating charges | 66A | - | €3,942 | +€3,942 | |
| Gross operating margin | 9900 | €8,908 | €15,825 | +€6,918 | +77.7% |
| Operating profit (loss) | 9901 | €5,759 | €6,564 | +€805 | +14.0% |
| Financial charges | 65/66B | €356 | €932 | +€576 | +161.6% |
| Recurring financial charges | 65 | €356 | €932 | +€576 | +161.6% |
| Profit (loss) for the period before taxes | 9903 | €5,402 | €5,631 | +€229 | +4.2% |
| Income taxes | 67/77 | €1,280 | €1,132 | -€148 | -11.6% |
| Profit (loss) for the period | 9904 | €4,122 | €4,499 | +€377 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,122 | €4,499 | +€377 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.