SAMBRELEC: 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.
SAMBRELEC
Largest movements
- Stocks and contracts +€191,012
up €191,012 (+26.0%), from €734,796 to €925,808
- Tangible fixed assets -€67,048
down €67,048 (-22.2%), from €302,469 to €235,421
of which Other tangible fixed assets: -€40,924
- Receivables within one year -€42,358
down €42,358 (-4.5%), from €934,063 to €891,705
of which Trade receivables: -€47,546
- Deferred charges and accrued income -€38,445
down €38,445 (-78.7%), from €48,857 to €10,412
- Trade debts +€88,457
up €88,457 (+9.9%), from €896,814 to €985,271
- Short-term financial debts -€61,000
down €61,000 (-28.2%), from €216,000 to €155,000
- Profit (loss) carried forward +€38,853
up €38,853 (+30.4%), from €128,007 to €166,860
- Debts after one year -€36,081
down €36,081 (-14.8%), from €243,783 to €207,702
- Tax, wage and social debts +€30,563
up €30,563 (+18.1%), from €169,149 to €199,712
of which Remuneration and social security: +€15,523
- Gross operating margin +€370,697
up €370,697 (+47.9%), from €773,473 to €1.1m
- Write-downs +€205,274
up €205,274 (+3,101%), from €6,619 to €211,893
- Financial income -€19,789
down €19,789 (-82.9%), from €23,867 to €4,078
of which Financial income: -€19,789
- Depreciation -€13,214
down €13,214 (-14.1%), from €93,402 to €80,188
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 | €2,066,369 | €2,103,523 | +€37,154 | +1.8% |
| Fixed assets | 21/28 | €309,009 | €241,961 | -€67,048 | -21.7% |
| Tangible fixed assets | 22/27 | €302,469 | €235,421 | -€67,048 | -22.2% |
| Land and buildings | 22 | €153,938 | €145,331 | -€8,607 | -5.6% |
| Furniture and vehicles | 24 | €6,861 | €13,568 | +€6,707 | +97.8% |
| Leasing and similar rights | 25 | €46,493 | €22,269 | -€24,224 | -52.1% |
| Other tangible fixed assets | 26 | €95,177 | €54,253 | -€40,924 | -43.0% |
| Financial fixed assets | 28 | €6,540 | €6,540 | = | 0.0% |
| Current assets | 29/58 | €1,757,360 | €1,861,561 | +€104,201 | +5.9% |
| Stocks and contracts in progress | 3 | €734,796 | €925,808 | +€191,012 | +26.0% |
| Stocks | 30/36 | €734,796 | €925,808 | +€191,012 | +26.0% |
| Amounts receivable within one year | 40/41 | €934,063 | €891,705 | -€42,358 | -4.5% |
| Trade receivables | 40 | €880,265 | €832,719 | -€47,546 | -5.4% |
| Other amounts receivable | 41 | €53,798 | €58,986 | +€5,188 | +9.6% |
| Cash at bank and in hand | 54/58 | €39,644 | €33,636 | -€6,008 | -15.2% |
| Deferred charges and accrued income | 490/1 | €48,857 | €10,412 | -€38,445 | -78.7% |
| Total equity and liabilities | 10/49 | €2,066,369 | €2,103,523 | +€37,154 | +1.8% |
| Equity | 10/15 | €448,293 | €487,146 | +€38,853 | +8.7% |
| Contributions | 10/11 | €287,728 | €287,728 | +€0 | 0.0% |
| Reserves | 13 | €32,558 | €32,558 | -€0 | 0.0% |
| Distributable reserves | 133 | €32,558 | €32,558 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €128,007 | €166,860 | +€38,853 | +30.4% |
| Amounts payable | 17/49 | €1,618,076 | €1,616,377 | -€1,699 | -0.1% |
| Amounts payable after more than one year | 17 | €243,783 | €207,702 | -€36,081 | -14.8% |
| Financial debts | 170/4 | €243,783 | €207,702 | -€36,081 | -14.8% |
| Amounts payable within one year | 42/48 | €1,372,123 | €1,408,675 | +€36,552 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €72,654 | €51,229 | -€21,425 | -29.5% |
| Financial debts | 43 | €216,000 | €155,000 | -€61,000 | -28.2% |
| Credit institutions | 430/8 | €216,000 | €155,000 | -€61,000 | -28.2% |
| Trade debts | 44 | €896,814 | €985,271 | +€88,457 | +9.9% |
| Suppliers | 440/4 | €896,814 | €985,271 | +€88,457 | +9.9% |
| Taxes, remuneration and social security | 45 | €169,149 | €199,712 | +€30,563 | +18.1% |
| Taxes | 450/3 | €47,991 | €63,031 | +€15,040 | +31.3% |
| Remuneration and social security | 454/9 | €121,158 | €136,681 | +€15,523 | +12.8% |
| Other amounts payable | 47/48 | €17,506 | €17,464 | -€42 | -0.2% |
| Accrued charges and deferred income | 492/3 | €2,170 | - | -€2,170 | |
| Remuneration, social security and pensions | 62 | €723,760 | €733,715 | +€9,955 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,402 | €80,188 | -€13,214 | -14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,619 | €211,893 | +€205,274 | +3,101% |
| Other operating charges | 640/8 | €27,614 | €27,235 | -€379 | -1.4% |
| Non-recurring operating charges | 66A | €84 | €17,947 | +€17,863 | +21,265% |
| Gross operating margin | 9900 | €773,473 | €1,144,170 | +€370,697 | +47.9% |
| Operating profit (loss) | 9901 | -€78,006 | €73,192 | +€151,198 | |
| Financial income | 75/76B | €23,867 | €4,078 | -€19,789 | -82.9% |
| Recurring financial income | 75 | €23,867 | €4,078 | -€19,789 | -82.9% |
| Non-recurring financial income | 76B | €23,867 | €4,078 | -€19,789 | -82.9% |
| Financial charges | 65/66B | €46,780 | €35,860 | -€10,920 | -23.3% |
| Recurring financial charges | 65 | €46,780 | €35,860 | -€10,920 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€100,919 | €41,410 | +€142,329 | |
| Income taxes | 67/77 | €397 | €2,557 | +€2,160 | +544% |
| Profit (loss) for the period | 9904 | -€101,316 | €38,853 | +€140,169 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,316 | €38,853 | +€140,169 |
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 18 October 2026 via checked.be.