SAMBEL: 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.
SAMBEL
Largest movements
- Cash -€36,531
down €36,531 (-70.0%), from €52,167 to €15,636
mainly Other debts (-€33,783) and Current investments (-€20,256)
- Tangible fixed assets -€21,890
down €21,890 (-4.7%), from €463,538 to €441,648
of which Land and buildings: -€15,471
- Current investments +€20,256
new in 2025: €20,256
- Other debts -€33,783
down €33,783 (-53.0%), from €63,718 to €29,935
- Gross operating margin -€35,254
down €35,254 (-48.6%), from €72,465 to €37,211
- Turnover -€13,680
down €13,680 (-20.8%), from €65,922 to €52,242
- Taxes -€12,752
down €12,752 (-79.5%), from €16,045 to €3,293
- Depreciation +€3,314
up €3,314 (+13.0%), from €25,458 to €28,772
- Purchases and services -€2,054
down €2,054 (-7.5%), from €27,238 to €25,184
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 | €530,086 | €495,902 | -€34,184 | -6.4% |
| Fixed assets | 21/28 | €463,646 | €441,756 | -€21,890 | -4.7% |
| Tangible fixed assets | 22/27 | €463,538 | €441,648 | -€21,890 | -4.7% |
| Land and buildings | 22 | €411,178 | €395,707 | -€15,471 | -3.8% |
| Plant, machinery and equipment | 23 | €1,628 | €3,855 | +€2,227 | +137% |
| Furniture and vehicles | 24 | €50,732 | €42,085 | -€8,647 | -17.0% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €66,440 | €54,146 | -€12,294 | -18.5% |
| Amounts receivable within one year | 40/41 | €11,835 | €15,756 | +€3,921 | +33.1% |
| Trade receivables | 40 | €11,835 | €15,621 | +€3,786 | +32.0% |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Current investments | 50/53 | - | €20,256 | +€20,256 | |
| Cash at bank and in hand | 54/58 | €52,167 | €15,636 | -€36,531 | -70.0% |
| Deferred charges and accrued income | 490/1 | €2,438 | €2,498 | +€60 | +2.5% |
| Total equity and liabilities | 10/49 | €530,086 | €495,902 | -€34,184 | -6.4% |
| Equity | 10/15 | €453,398 | €455,970 | +€2,572 | +0.6% |
| Contributions | 10/11 | €227,000 | €227,000 | = | 0.0% |
| Reserves | 13 | €224,200 | €224,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,700 | €22,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,700 | €22,700 | = | 0.0% |
| Distributable reserves | 133 | €201,500 | €201,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,198 | €4,770 | +€2,572 | +117% |
| Amounts payable | 17/49 | €76,688 | €39,932 | -€36,756 | -47.9% |
| Amounts payable within one year | 42/48 | €76,688 | €39,932 | -€36,756 | -47.9% |
| Financial debts | 43 | - | €50 | +€50 | |
| Credit institutions | 430/8 | - | €50 | +€50 | |
| Trade debts | 44 | €2,213 | €3,799 | +€1,586 | +71.7% |
| Suppliers | 440/4 | €2,213 | €3,799 | +€1,586 | +71.7% |
| Taxes, remuneration and social security | 45 | €10,757 | €6,147 | -€4,610 | -42.9% |
| Taxes | 450/3 | €10,757 | €6,147 | -€4,610 | -42.9% |
| Other amounts payable | 47/48 | €63,718 | €29,935 | -€33,783 | -53.0% |
| Turnover | 70 | €65,922 | €52,242 | -€13,680 | -20.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,238 | €25,184 | -€2,054 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,458 | €28,772 | +€3,314 | +13.0% |
| Other operating charges | 640/8 | €3,081 | €2,546 | -€535 | -17.4% |
| Gross operating margin | 9900 | €72,465 | €37,211 | -€35,254 | -48.6% |
| Operating profit (loss) | 9901 | €43,926 | €5,894 | -€38,032 | -86.6% |
| Financial income | 75/76B | €215 | €162 | -€53 | -24.7% |
| Recurring financial income | 75 | €215 | €162 | -€53 | -24.7% |
| Financial charges | 65/66B | €148 | €190 | +€42 | +28.3% |
| Recurring financial charges | 65 | €148 | €190 | +€42 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €43,993 | €5,866 | -€38,127 | -86.7% |
| Income taxes | 67/77 | €16,045 | €3,293 | -€12,752 | -79.5% |
| Profit (loss) for the period | 9904 | €27,948 | €2,573 | -€25,375 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,948 | €2,573 | -€25,375 | -90.8% |
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 20 October 2026 via checked.be.