SAMARCANDE: 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.
SAMARCANDE
Largest movements
- Tangible fixed assets -€11,660
down €11,660 (-7.0%), from €167,664 to €156,004
of which Land and buildings: -€10,966
- Cash -€11,613
down €11,613 (-74.6%), from €15,561 to €3,948
mainly Debts after one year (-€14,271) and Investment in fixed assets (net) (-€12,999)
- Debts after one year -€14,271
down €14,271 (-20.6%), from €69,289 to €55,018
- Other debts -€5,980
down €5,980 (-59.8%), from €10,007 to €4,027
- Trade debts -€3,310
down €3,310 (-72.5%), from €4,566 to €1,257
- Gross operating margin -€2,660
down €2,660 (-7.7%), from €34,631 to €31,971
- Other operating charges -€790
down €790 (-19.2%), from €4,120 to €3,330
- Financial charges -€789
down €789 (-24.2%), from €3,259 to €2,469
- Depreciation +€603
up €603 (+2.5%), from €24,056 to €24,659
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 | €201,245 | €179,196 | -€22,049 | -11.0% |
| Fixed assets | 21/28 | €167,664 | €156,004 | -€11,660 | -7.0% |
| Tangible fixed assets | 22/27 | €167,664 | €156,004 | -€11,660 | -7.0% |
| Land and buildings | 22 | €166,109 | €155,143 | -€10,966 | -6.6% |
| Furniture and vehicles | 24 | €1,555 | €861 | -€694 | -44.6% |
| Current assets | 29/58 | €33,581 | €23,192 | -€10,389 | -30.9% |
| Amounts receivable within one year | 40/41 | €16,479 | €17,307 | +€827 | +5.0% |
| Trade receivables | 40 | €13,000 | €16,960 | +€3,960 | +30.5% |
| Other amounts receivable | 41 | €3,479 | €347 | -€3,132 | -90.0% |
| Cash at bank and in hand | 54/58 | €15,561 | €3,948 | -€11,613 | -74.6% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,938 | +€397 | +25.8% |
| Total equity and liabilities | 10/49 | €201,245 | €179,196 | -€22,049 | -11.0% |
| Equity | 10/15 | €83,442 | €84,955 | +€1,513 | +1.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,174 | €57,686 | +€1,513 | +2.7% |
| Amounts payable | 17/49 | €117,803 | €94,242 | -€23,561 | -20.0% |
| Amounts payable after more than one year | 17 | €69,289 | €55,018 | -€14,271 | -20.6% |
| Financial debts | 170/4 | €69,289 | €55,018 | -€14,271 | -20.6% |
| Amounts payable within one year | 42/48 | €31,907 | €22,120 | -€9,787 | -30.7% |
| Financial debts | 43 | €13,965 | €14,271 | +€306 | +2.2% |
| Credit institutions | 430/8 | €13,965 | €14,271 | +€306 | +2.2% |
| Trade debts | 44 | €4,566 | €1,257 | -€3,310 | -72.5% |
| Suppliers | 440/4 | €4,566 | €1,257 | -€3,310 | -72.5% |
| Taxes, remuneration and social security | 45 | €3,369 | €2,565 | -€803 | -23.8% |
| Taxes | 450/3 | €3,369 | €2,565 | -€803 | -23.8% |
| Other amounts payable | 47/48 | €10,007 | €4,027 | -€5,980 | -59.8% |
| Accrued charges and deferred income | 492/3 | €16,606 | €17,103 | +€497 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,056 | €24,659 | +€603 | +2.5% |
| Other operating charges | 640/8 | €4,120 | €3,330 | -€790 | -19.2% |
| Gross operating margin | 9900 | €34,631 | €31,971 | -€2,660 | -7.7% |
| Operating profit (loss) | 9901 | €6,455 | €3,982 | -€2,474 | -38.3% |
| Financial income | 75/76B | €38 | €0 | -€38 | -99.7% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -99.7% |
| Financial charges | 65/66B | €3,259 | €2,469 | -€789 | -24.2% |
| Recurring financial charges | 65 | €3,259 | €2,469 | -€789 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €3,235 | €1,513 | -€1,723 | -53.2% |
| Profit (loss) for the period | 9904 | €3,235 | €1,513 | -€1,723 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,235 | €1,513 | -€1,723 | -53.2% |
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 5 October 2026 via checked.be.