SAMCO MANAGEMENT: what changed
SAMCO MANAGEMENT
Largest movements
- Tangible fixed assets -€9,683
down €9,683 (-48.1%), from €20,110 to €10,428
- Cash -€5,872
down €5,872 (-9.4%), from €62,560 to €56,688
mainly Net result for the year (-€11,343) and Other debts (-€5,192)
- Reserves -€11,343
down €11,343 (-2.9%), from €390,323 to €378,980
- Other debts -€5,192
down €5,192 (-33.7%), from €15,424 to €10,232
- Financial income -€50,000
down €50,000 (-100%), from €50,000 to €0
- Gross operating margin +€40,466
up €40,466 (+98.1%), from -€41,248 to -€782
- Other operating charges -€3,054
down €3,054 (-79.9%), from €3,822 to €767
- Depreciation -€1,267
down €1,267 (-11.6%), from €10,950 to €9,683
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,587 | €407,969 | -€17,618 | -4.1% |
| Fixed assets | 21/28 | €360,964 | €351,281 | -€9,683 | -2.7% |
| Tangible fixed assets | 22/27 | €20,110 | €10,428 | -€9,683 | -48.1% |
| Furniture and vehicles | 24 | €20,110 | €10,428 | -€9,683 | -48.1% |
| Financial fixed assets | 28 | €340,854 | €340,854 | = | 0.0% |
| Current assets | 29/58 | €64,623 | €56,688 | -€7,935 | -12.3% |
| Cash at bank and in hand | 54/58 | €62,560 | €56,688 | -€5,872 | -9.4% |
| Deferred charges and accrued income | 490/1 | €2,063 | €0 | -€2,063 | -100% |
| Total equity and liabilities | 10/49 | €425,587 | €407,969 | -€17,618 | -4.1% |
| Equity | 10/15 | €408,915 | €397,572 | -€11,343 | -2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €390,323 | €378,980 | -€11,343 | -2.9% |
| Distributable reserves | 133 | €390,323 | €378,980 | -€11,343 | -2.9% |
| Amounts payable | 17/49 | €16,672 | €10,397 | -€6,275 | -37.6% |
| Amounts payable within one year | 42/48 | €16,672 | €10,397 | -€6,275 | -37.6% |
| Trade debts | 44 | €1,163 | €165 | -€998 | -85.8% |
| Suppliers | 440/4 | €1,163 | €165 | -€998 | -85.8% |
| Taxes, remuneration and social security | 45 | €85 | €0 | -€85 | -100% |
| Taxes | 450/3 | €85 | €0 | -€85 | -100% |
| Other amounts payable | 47/48 | €15,424 | €10,232 | -€5,192 | -33.7% |
| Non-recurring operating income | 76A | - | €2,750 | +€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,950 | €9,683 | -€1,267 | -11.6% |
| Other operating charges | 640/8 | €3,822 | €767 | -€3,054 | -79.9% |
| Gross operating margin | 9900 | -€41,248 | -€782 | +€40,466 | +98.1% |
| Operating profit (loss) | 9901 | -€56,020 | -€11,232 | +€44,788 | +79.9% |
| Financial income | 75/76B | €50,000 | €0 | -€50,000 | -100% |
| Recurring financial income | 75 | €50,000 | €0 | -€50,000 | -100% |
| Financial charges | 65/66B | €207 | €111 | -€96 | -46.5% |
| Recurring financial charges | 65 | €207 | €111 | -€96 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,227 | -€11,343 | -€5,116 | -82.2% |
| Income taxes | 67/77 | €85 | €0 | -€85 | -100% |
| Profit (loss) for the period | 9904 | -€6,312 | -€11,343 | -€5,031 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,312 | -€11,343 | -€5,031 | -79.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.