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
- Receivables within one year -€23,976
down €23,976 (-53.6%), from €44,732 to €20,755
of which Trade receivables: -€23,375
- Tangible fixed assets -€11,529
down €11,529 (-4.9%), from €233,203 to €221,674
of which Land and buildings: -€11,727
- Reserves -€32,050
down €32,050 (-31.8%), from €100,830 to €68,780
of which Distributable reserves: -€30,190
- Other debts +€26,855
up €26,855 (+60.8%), from €44,150 to €71,005
- Debts after one year -€23,741
down €23,741 (-78.9%), from €30,091 to €6,350
- Current portion of long-term debt -€15,579
down €15,579 (-39.6%), from €39,373 to €23,794
- Tax, wage and social debts +€9,111
up €9,111 (+154.7%), from €5,888 to €14,998
- Gross operating margin -€9,439
down €9,439 (-14.0%), from €67,267 to €57,829
- Financial charges -€3,746
down €3,746 (-39.7%), from €9,435 to €5,688
- Taxes +€2,316
up €2,316 (+26.7%), from €8,663 to €10,980
- Financial income -€1,265
down €1,265 (-71.1%), from €1,779 to €515
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 | €299,559 | €262,466 | -€37,093 | -12.4% |
| Fixed assets | 21/28 | €233,203 | €221,674 | -€11,529 | -4.9% |
| Tangible fixed assets | 22/27 | €233,203 | €221,674 | -€11,529 | -4.9% |
| Land and buildings | 22 | €223,873 | €212,146 | -€11,727 | -5.2% |
| Plant, machinery and equipment | 23 | €539 | - | -€539 | |
| Furniture and vehicles | 24 | €2,099 | €2,837 | +€738 | +35.2% |
| Other tangible fixed assets | 26 | €6,691 | €6,691 | = | 0.0% |
| Current assets | 29/58 | €66,356 | €40,792 | -€25,564 | -38.5% |
| Stocks and contracts in progress | 3 | €18,930 | €18,930 | = | 0.0% |
| Stocks | 30/36 | €18,930 | €18,930 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,732 | €20,755 | -€23,976 | -53.6% |
| Trade receivables | 40 | €33,339 | €9,965 | -€23,375 | -70.1% |
| Other amounts receivable | 41 | €11,392 | €10,791 | -€602 | -5.3% |
| Cash at bank and in hand | 54/58 | €974 | - | -€974 | |
| Deferred charges and accrued income | 490/1 | €1,720 | €1,107 | -€613 | -35.7% |
| Total equity and liabilities | 10/49 | €299,559 | €262,466 | -€37,093 | -12.4% |
| Equity | 10/15 | €138,178 | €106,145 | -€32,033 | -23.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,830 | €68,780 | -€32,050 | -31.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €98,970 | €68,780 | -€30,190 | -30.5% |
| Profit (loss) carried forward | 14 | €31,148 | €31,165 | +€17 | +0.1% |
| Amounts payable | 17/49 | €161,381 | €156,321 | -€5,060 | -3.1% |
| Amounts payable after more than one year | 17 | €30,091 | €6,350 | -€23,741 | -78.9% |
| Financial debts | 170/4 | €30,091 | €6,350 | -€23,741 | -78.9% |
| Amounts payable within one year | 42/48 | €122,967 | €140,262 | +€17,294 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €39,373 | €23,794 | -€15,579 | -39.6% |
| Financial debts | 43 | €14,547 | €11,778 | -€2,769 | -19.0% |
| Credit institutions | 430/8 | €14,547 | €11,778 | -€2,769 | -19.0% |
| Trade debts | 44 | €19,009 | €18,686 | -€323 | -1.7% |
| Suppliers | 440/4 | €19,009 | €18,686 | -€323 | -1.7% |
| Taxes, remuneration and social security | 45 | €5,888 | €14,998 | +€9,111 | +154.7% |
| Taxes | 450/3 | €5,888 | €14,998 | +€9,111 | +154.7% |
| Other amounts payable | 47/48 | €44,150 | €71,005 | +€26,855 | +60.8% |
| Accrued charges and deferred income | 492/3 | €8,322 | €9,709 | +€1,387 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,008 | €18,175 | +€166 | +0.9% |
| Other operating charges | 640/8 | €3,222 | €2,784 | -€438 | -13.6% |
| Gross operating margin | 9900 | €67,267 | €57,829 | -€9,439 | -14.0% |
| Operating profit (loss) | 9901 | €46,037 | €36,870 | -€9,167 | -19.9% |
| Financial income | 75/76B | €1,779 | €515 | -€1,265 | -71.1% |
| Recurring financial income | 75 | €1,779 | €515 | -€1,265 | -71.1% |
| Financial charges | 65/66B | €9,435 | €5,688 | -€3,746 | -39.7% |
| Recurring financial charges | 65 | €9,435 | €5,688 | -€3,746 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €38,382 | €31,697 | -€6,685 | -17.4% |
| Income taxes | 67/77 | €8,663 | €10,980 | +€2,316 | +26.7% |
| Profit (loss) for the period | 9904 | €29,718 | €20,717 | -€9,001 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,718 | €20,717 | -€9,001 | -30.3% |
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 6 October 2026 via checked.be.