SAMASSUR: 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.
SAMASSUR
Largest movements
- Tangible fixed assets +€144,634
up €144,634 (+61.8%), from €233,882 to €378,516
of which Assets under construction and advance payments: +€168,433
- Receivables after one year -€90,688
down €90,688 (-27.9%), from €325,579 to €234,890
- Cash -€17,192
down €17,192 (-100.0%), from €17,192 to €0
mainly Contributions, distributions and other (-€198,000) and Investment in fixed assets (net) (-€168,877)
- Receivables within one year -€14,704
down €14,704 (-26.4%), from €55,612 to €40,908
- Deferred charges and accrued income +€7,980
up €7,980 (+344.3%), from €2,317 to €10,297
- Reserves -€173,000
down €173,000 (-57.2%), from €302,588 to €129,588
of which Distributable reserves: -€173,000
- Other debts +€136,529
up €136,529 (+161.5%), from €84,518 to €221,046
- Trade debts +€32,910
up €32,910 (+87.5%), from €37,608 to €70,518
- Tax, wage and social debts +€30,092
up €30,092 (+139.1%), from €21,626 to €51,718
of which Taxes: +€26,126
- Debts after one year -€15,796
down €15,796 (-31.7%), from €49,856 to €34,060
- Gross operating margin +€18,039
up €18,039 (+8.2%), from €219,961 to €238,000
- Financial charges +€15,840
up €15,840 (+28.8%), from €55,088 to €70,927
- Staff costs +€14,506
up €14,506 (+17.4%), from €83,541 to €98,048
- Other operating charges -€4,274
down €4,274 (-41.1%), from €10,394 to €6,119
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 | €634,945 | €664,975 | +€30,030 | +4.7% |
| Fixed assets | 21/28 | €234,245 | €378,879 | +€144,634 | +61.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €233,882 | €378,516 | +€144,634 | +61.8% |
| Land and buildings | 22 | €135,449 | €126,451 | -€8,999 | -6.6% |
| Plant, machinery and equipment | 23 | €85,208 | €73,299 | -€11,909 | -14.0% |
| Furniture and vehicles | 24 | €13,225 | €10,334 | -€2,891 | -21.9% |
| Assets under construction and advance payments | 27 | - | €168,433 | +€168,433 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €400,700 | €286,095 | -€114,604 | -28.6% |
| Amounts receivable after more than one year | 29 | €325,579 | €234,890 | -€90,688 | -27.9% |
| Other amounts receivable | 291 | €325,579 | €234,890 | -€90,688 | -27.9% |
| Amounts receivable within one year | 40/41 | €55,612 | €40,908 | -€14,704 | -26.4% |
| Trade receivables | 40 | €55,612 | €40,908 | -€14,704 | -26.4% |
| Cash at bank and in hand | 54/58 | €17,192 | €0 | -€17,192 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,317 | €10,297 | +€7,980 | +344.3% |
| Total equity and liabilities | 10/49 | €634,945 | €664,975 | +€30,030 | +4.7% |
| Equity | 10/15 | €425,888 | €258,072 | -€167,815 | -39.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €302,588 | €129,588 | -€173,000 | -57.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,228 | €44,228 | = | 0.0% |
| Distributable reserves | 133 | €256,500 | €83,500 | -€173,000 | -67.4% |
| Profit (loss) carried forward | 14 | €110,899 | €116,084 | +€5,185 | +4.7% |
| Amounts payable | 17/49 | €209,057 | €406,903 | +€197,846 | +94.6% |
| Amounts payable after more than one year | 17 | €49,856 | €34,060 | -€15,796 | -31.7% |
| Financial debts | 170/4 | €49,856 | €34,060 | -€15,796 | -31.7% |
| Amounts payable within one year | 42/48 | €159,200 | €369,088 | +€209,887 | +131.8% |
| Current portion of amounts payable after more than one year | 42 | €15,449 | €15,796 | +€348 | +2.2% |
| Financial debts | 43 | - | €10,009 | +€10,009 | |
| Credit institutions | 430/8 | - | €10,009 | +€10,009 | |
| Trade debts | 44 | €37,608 | €70,518 | +€32,910 | +87.5% |
| Suppliers | 440/4 | €37,608 | €70,518 | +€32,910 | +87.5% |
| Taxes, remuneration and social security | 45 | €21,626 | €51,718 | +€30,092 | +139.1% |
| Taxes | 450/3 | €6,824 | €32,951 | +€26,126 | +382.8% |
| Remuneration and social security | 454/9 | €14,802 | €18,768 | +€3,966 | +26.8% |
| Other amounts payable | 47/48 | €84,518 | €221,046 | +€136,529 | +161.5% |
| Accrued charges and deferred income | 492/3 | - | €3,755 | +€3,755 | |
| Remuneration, social security and pensions | 62 | €83,541 | €98,048 | +€14,506 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,826 | €24,243 | +€417 | +1.7% |
| Other operating charges | 640/8 | €10,394 | €6,119 | -€4,274 | -41.1% |
| Gross operating margin | 9900 | €219,961 | €238,000 | +€18,039 | +8.2% |
| Operating profit (loss) | 9901 | €102,200 | €109,590 | +€7,390 | +7.2% |
| Financial income | 75/76B | €9,053 | €9,312 | +€259 | +2.9% |
| Recurring financial income | 75 | €9,053 | €9,312 | +€259 | +2.9% |
| Financial charges | 65/66B | €55,088 | €70,927 | +€15,840 | +28.8% |
| Recurring financial charges | 65 | €55,088 | €70,927 | +€15,840 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €56,165 | €47,974 | -€8,191 | -14.6% |
| Income taxes | 67/77 | €18,824 | €17,790 | -€1,035 | -5.5% |
| Profit (loss) for the period | 9904 | €37,341 | €30,185 | -€7,156 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,341 | €30,185 | -€7,156 | -19.2% |
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 4 October 2026 via checked.be.