SAMBRE & BIESME: 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.
What changed
SAMBRE & BIESME
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€630,412
2024 · -€782,172+€151,760
Equity
€26.0m
2024 · €26.9m-€823,897
Cash
€10.3m
2024 · €13.6m-€3.3m
Balance sheet total
€116.8m
2024 · €115.8m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€4.9m
up €4.9m (+5.9%), from €83.9m to €88.8m
of which Land and buildings: +€8.5m
- Cash -€3.3m
down €3.3m (-24.3%), from €13.6m to €10.3m
mainly Investment in fixed assets (net) (-€7.2m) and Debts after one year (-€1.5m)
Equity and liabilities
- Short-term financial debts +€3.0m
up €3.0m (+14.0%), from €21.1m to €24.1m
- Debts after one year -€1.5m
down €1.5m (-2.5%), from €58.4m to €56.9m
of which Financial debts: -€1.5m
Income statement
- Turnover +€578,448
up €578,448 (+6.7%), from €8.6m to €9.2m
- Provisions +€167,565
up €167,565, from -€10,513 to €157,052
- Staff costs -€121,768
down €121,768 (-3.7%), from €3.3m to €3.2m
- Other operating income -€99,607
down €99,607 (-17.2%), from €578,783 to €479,176
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.
Result 2024
-€782,172
Turnover
+€578,448
Other operating income
-€99,607
Goods and materials
-€21,698
Services and other goods
-€76,678
Staff costs
+€121,768
Depreciation
-€85,966
Write-downs
-€71,324
Provisions
-€167,565
Other operating charges
+€6,381
Other operating items
-€96,164
Financial income
+€24,587
Financial charges
+€34,052
Taxes
-€3,996
Deferred taxes and other
+€9,522
Result 2025
-€630,412
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.4m
Investment
-€7.2m
Financing
+€1.5m
Cash 2024
€13.6m
From operations (derived)
+€2.4m
Net result for the year
-€630,412
Depreciation
+€2.3m
Receivables after one year
+€759,470
Smaller working-capital items
-€3,566
Receivables within one year
-€180,465
Provisions
+€125,485
Trade debts
+€45,234
Other debts
-€23,417
Investment (derived)
-€7.2m
Investment in fixed assets (net)
-€7.2m
Financing
+€1.5m
Debts after one year
-€1.5m
Current portion of long-term debt
+€205,035
Short-term financial debts
+€3.0m
Contributions, distributions and other
-€193,485
Cash 2025
€10.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,797,649 | €116,815,156 | +€1.0m | +0.9% |
| Fixed assets | 21/28 | €84,006,272 | €88,901,179 | +€4.9m | +5.8% |
| Intangible fixed assets | 21 | €102,978 | €82,292 | -€20,686 | -20.1% |
| Tangible fixed assets | 22/27 | €83,890,927 | €88,805,803 | +€4.9m | +5.9% |
| Land and buildings | 22 | €76,681,989 | €85,203,108 | +€8.5m | +11.1% |
| Plant, machinery and equipment | 23 | €15,502 | €16,368 | +€866 | +5.6% |
| Furniture and vehicles | 24 | €116,310 | €104,292 | -€12,018 | -10.3% |
| Assets under construction and advance payments | 27 | €7,077,126 | €3,482,035 | -€3.6m | -50.8% |
| Financial fixed assets | 28 | €12,367 | €13,084 | +€717 | +5.8% |
| Other financial fixed assets | 284/8 | €12,367 | €13,084 | +€717 | +5.8% |
| Shares | 284 | €4,150 | €4,150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,217 | €8,934 | +€717 | +8.7% |
| Current assets | 29/58 | €31,791,377 | €27,913,977 | -€3.9m | -12.2% |
| Amounts receivable after more than one year | 29 | €16,166,166 | €15,406,696 | -€759,470 | -4.7% |
| Other amounts receivable | 291 | €16,166,166 | €15,406,696 | -€759,470 | -4.7% |
| Stocks and contracts in progress | 3 | €166,467 | €175,838 | +€9,371 | +5.6% |
| Stocks | 30/36 | €166,467 | €175,838 | +€9,371 | +5.6% |
| Raw materials and consumables | 30/31 | €166,467 | €175,838 | +€9,371 | +5.6% |
| Amounts receivable within one year | 40/41 | €1,529,370 | €1,709,835 | +€180,465 | +11.8% |
| Trade receivables | 40 | €27,305 | €17,998 | -€9,307 | -34.1% |
| Other amounts receivable | 41 | €1,502,065 | €1,691,837 | +€189,772 | +12.6% |
| Cash at bank and in hand | 54/58 | €13,585,712 | €10,286,358 | -€3.3m | -24.3% |
| Deferred charges and accrued income | 490/1 | €343,662 | €335,250 | -€8,412 | -2.4% |
| Total equity and liabilities | 10/49 | €115,797,649 | €116,815,156 | +€1.0m | +0.9% |
| Equity | 10/15 | €26,850,242 | €26,026,345 | -€823,897 | -3.1% |
| Contributions | 10/11 | €10,265 | €10,265 | = | 0.0% |
| Reserves | 13 | €16,968,137 | €16,574,319 | -€393,818 | -2.3% |
| Non-distributable reserves | 130/1 | €3,550 | €3,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,550 | €3,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,964,587 | €16,570,769 | -€393,818 | -2.3% |
| Profit (loss) carried forward | 14 | -€21,909,476 | -€22,146,070 | -€236,594 | -1.1% |
| Investment grants | 15 | €31,781,316 | €31,587,831 | -€193,485 | -0.6% |
| Provisions and deferred taxes | 16 | €4,339,249 | €4,464,734 | +€125,485 | +2.9% |
| Provisions for liabilities and charges | 160/5 | €1,898,437 | €2,055,489 | +€157,052 | +8.3% |
| Major repairs and maintenance | 162 | €1,778,737 | €1,914,242 | +€135,505 | +7.6% |
| Other liabilities and charges | 164/5 | €119,700 | €141,247 | +€21,547 | +18.0% |
| Deferred taxes | 168 | €2,440,812 | €2,409,245 | -€31,567 | -1.3% |
| Amounts payable | 17/49 | €84,608,158 | €86,324,077 | +€1.7m | +2.0% |
| Amounts payable after more than one year | 17 | €58,408,290 | €56,945,722 | -€1.5m | -2.5% |
| Financial debts | 170/4 | €58,398,885 | €56,936,202 | -€1.5m | -2.5% |
| Credit institutions | 173 | €56,982,178 | €55,669,811 | -€1.3m | -2.3% |
| Other loans | 174 | €1,416,707 | €1,266,391 | -€150,316 | -10.6% |
| Other amounts payable | 178/9 | €9,405 | €9,520 | +€115 | +1.2% |
| Amounts payable within one year | 42/48 | €26,172,999 | €29,359,029 | +€3.2m | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €3,216,468 | €3,421,503 | +€205,035 | +6.4% |
| Financial debts | 43 | €21,148,764 | €24,103,006 | +€3.0m | +14.0% |
| Credit institutions | 430/8 | €21,148,764 | €24,103,006 | +€3.0m | +14.0% |
| Trade debts | 44 | €1,086,060 | €1,131,294 | +€45,234 | +4.2% |
| Suppliers | 440/4 | €1,086,060 | €1,131,294 | +€45,234 | +4.2% |
| Taxes, remuneration and social security | 45 | €354,757 | €359,693 | +€4,936 | +1.4% |
| Taxes | 450/3 | €52,973 | €54,959 | +€1,986 | +3.7% |
| Remuneration and social security | 454/9 | €301,784 | €304,734 | +€2,950 | +1.0% |
| Other amounts payable | 47/48 | €366,950 | €343,533 | -€23,417 | -6.4% |
| Accrued charges and deferred income | 492/3 | €26,869 | €19,326 | -€7,543 | -28.1% |
| Operating income | 70/76A | €9,569,447 | €10,152,772 | +€583,325 | +6.1% |
| Turnover | 70 | €8,640,498 | €9,218,946 | +€578,448 | +6.7% |
| Own construction capitalised | 72 | €222,387 | €202,615 | -€19,772 | -8.9% |
| Other operating income | 74 | €578,783 | €479,176 | -€99,607 | -17.2% |
| Non-recurring operating income | 76A | €127,779 | €252,035 | +€124,256 | +97.2% |
| Operating charges | 60/66A | €9,313,479 | €9,809,209 | +€495,730 | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €199,539 | €221,237 | +€21,698 | +10.9% |
| Purchases | 600/8 | €210,016 | €230,608 | +€20,592 | +9.8% |
| Change in stocks: decrease (increase) | 609 | -€10,477 | -€9,371 | +€1,106 | +10.6% |
| Services and other goods | 61 | €2,296,220 | €2,372,898 | +€76,678 | +3.3% |
| Remuneration, social security and pensions | 62 | €3,324,657 | €3,202,889 | -€121,768 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,212,256 | €2,298,222 | +€85,966 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,093 | €62,231 | +€71,324 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,513 | €157,052 | +€167,565 | |
| Other operating charges | 640/8 | €1,047,798 | €1,041,417 | -€6,381 | -0.6% |
| Non-recurring operating charges | 66A | €252,615 | €453,263 | +€200,648 | +79.4% |
| Operating profit (loss) | 9901 | €255,968 | €343,563 | +€87,595 | +34.2% |
| Financial income | 75/76B | €640,975 | €665,562 | +€24,587 | +3.8% |
| Recurring financial income | 75 | €640,975 | €665,347 | +€24,372 | +3.8% |
| Income from current assets | 751 | €10,290 | €30,395 | +€20,105 | +195% |
| Other financial income | 752/9 | €630,685 | €634,952 | +€4,267 | +0.7% |
| Non-recurring financial income | 76B | - | €215 | +€215 | |
| Financial charges | 65/66B | €1,713,529 | €1,679,477 | -€34,052 | -2.0% |
| Recurring financial charges | 65 | €1,713,529 | €1,679,477 | -€34,052 | -2.0% |
| Debt charges | 650 | €1,704,577 | €1,668,598 | -€35,979 | -2.1% |
| Other financial charges | 652/9 | €8,952 | €10,879 | +€1,927 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€816,586 | -€670,352 | +€146,234 | +17.9% |
| Transfer from deferred taxes | 780 | €40,187 | €44,018 | +€3,831 | +9.5% |
| Transfer to deferred taxes | 680 | €5,691 | - | -€5,691 | |
| Income taxes | 67/77 | €82 | €4,078 | +€3,996 | +4,873% |
| Taxes | 670/3 | €82 | €4,078 | +€3,996 | +4,873% |
| Profit (loss) for the period | 9904 | -€782,172 | -€630,412 | +€151,760 | +19.4% |
| Transfer from tax-exempt reserves | 789 | €393,817 | €393,818 | +€1 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €104,812 | - | -€104,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€493,167 | -€236,594 | +€256,573 | +52.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.