SAMDAM BELUX: 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
SAMDAM BELUX
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,957
2024 · €27,362-€10,406
Equity
€307,186
2024 · €290,230+€16,957
Cash
€18,464
2024 · €13,236+€5,229
Balance sheet total
€1.8m
2024 · €2.1m-€298,976
Largest movements
Assets
- Receivables within one year -€426,385
down €426,385 (-28.4%), from €1.5m to €1.1m
of which Trade receivables: -€524,485
- Stocks and contracts +€153,912
up €153,912 (+37.1%), from €414,840 to €568,752
of which Contracts in progress: +€155,880
- Intangible fixed assets -€30,311
down €30,311 (-32.6%), from €92,911 to €62,600
Equity and liabilities
- Debts after one year -€263,177
down €263,177 (-54.3%), from €484,600 to €221,423
- Current portion of long-term debt -€45,607
down €45,607 (-78.0%), from €58,461 to €12,854
- Trade debts -€35,827
down €35,827 (-5.0%), from €712,986 to €677,159
- Tax, wage and social debts +€32,682
up €32,682 (+42.0%), from €77,888 to €110,570
of which Taxes: +€18,948
Income statement
- Turnover +€2.4m
new in 2025: €2.4m
- Goods and materials +€2.0m
new in 2025: €2.0m
of which Purchases: +€2.0m
- Services and other goods +€565,161
new in 2025: €565,161
- Gross operating margin -€466,827
no longer reported in 2025 (was €466,827)
- Other operating income +€261,080
new in 2025: €261,080
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
€27,362
Turnover
+€2.4m
Other operating income
+€261,080
Goods and materials
-€2.0m
Services and other goods
-€565,161
Staff costs
+€4,008
Depreciation
-€1,581
Other operating charges
+€537
Other operating items
-€52,616
Financial income
-€15,702
Financial charges
+€5,362
Taxes
-€353
Result 2025
€16,957
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
+€323,272
Investment
-€9,260
Financing
-€308,783
Cash 2024
€13,236
From operations (derived)
+€323,272
Net result for the year
+€16,957
Depreciation
+€47,217
Stocks and contracts
-€153,912
Receivables within one year
+€426,385
Deferred charges and accrued income
-€6,225
Trade debts
-€35,827
Tax, wage and social debts
+€32,682
Other debts
-€4,004
Investment (derived)
-€9,260
Investment in fixed assets (net)
-€9,260
Financing
-€308,783
Debts after one year
-€263,177
Current portion of long-term debt
-€45,607
Cash 2025
€18,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,099,956 | €1,800,980 | -€298,976 | -14.2% |
| Fixed assets | 21/28 | €168,588 | €130,631 | -€37,957 | -22.5% |
| Intangible fixed assets | 21 | €92,911 | €62,600 | -€30,311 | -32.6% |
| Tangible fixed assets | 22/27 | €74,968 | €67,363 | -€7,605 | -10.1% |
| Plant, machinery and equipment | 23 | €25,729 | €30,026 | +€4,297 | +16.7% |
| Furniture and vehicles | 24 | €4,270 | €3,170 | -€1,100 | -25.8% |
| Leasing and similar rights | 25 | €44,970 | €34,167 | -€10,802 | -24.0% |
| Financial fixed assets | 28 | €708 | €668 | -€40 | -5.6% |
| Other financial fixed assets | 284/8 | - | €668 | +€668 | |
| Amounts receivable and cash guarantees | 285/8 | - | €668 | +€668 | |
| Current assets | 29/58 | €1,931,368 | €1,670,348 | -€261,020 | -13.5% |
| Stocks and contracts in progress | 3 | €414,840 | €568,752 | +€153,912 | +37.1% |
| Stocks | 30/36 | €351,720 | €349,752 | -€1,968 | -0.6% |
| Goods purchased for resale | 34 | - | €349,752 | +€349,752 | |
| Contracts in progress | 37 | €63,120 | €219,000 | +€155,880 | +247% |
| Amounts receivable within one year | 40/41 | €1,503,292 | €1,076,907 | -€426,385 | -28.4% |
| Trade receivables | 40 | €942,169 | €417,684 | -€524,485 | -55.7% |
| Other amounts receivable | 41 | €561,123 | €659,223 | +€98,100 | +17.5% |
| Cash at bank and in hand | 54/58 | €13,236 | €18,464 | +€5,229 | +39.5% |
| Deferred charges and accrued income | 490/1 | - | €6,225 | +€6,225 | |
| Total equity and liabilities | 10/49 | €2,099,956 | €1,800,980 | -€298,976 | -14.2% |
| Equity | 10/15 | €290,230 | €307,186 | +€16,957 | +5.8% |
| Contributions | 10/11 | €1,459,734 | €1,459,734 | = | 0.0% |
| Capital | 10 | €1,459,734 | €1,459,734 | = | 0.0% |
| Issued capital | 100 | €1,459,734 | €1,459,734 | = | 0.0% |
| Reserves | 13 | €13,193 | €13,193 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,193 | €13,193 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,182,697 | -€1,165,741 | +€16,957 | +1.4% |
| Amounts payable | 17/49 | €1,809,726 | €1,493,793 | -€315,933 | -17.5% |
| Amounts payable after more than one year | 17 | €484,600 | €221,423 | -€263,177 | -54.3% |
| Financial debts | 170/4 | €484,600 | €221,423 | -€263,177 | -54.3% |
| Leasing and similar obligations | 172 | - | €21,423 | +€21,423 | |
| Credit institutions | 173 | - | €0 | = | |
| Other loans | 174 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €1,325,126 | €1,272,370 | -€52,756 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €58,461 | €12,854 | -€45,607 | -78.0% |
| Financial debts | 43 | €181,000 | €181,000 | = | 0.0% |
| Credit institutions | 430/8 | €181,000 | €181,000 | = | 0.0% |
| Trade debts | 44 | €712,986 | €677,159 | -€35,827 | -5.0% |
| Suppliers | 440/4 | €712,986 | €677,159 | -€35,827 | -5.0% |
| Taxes, remuneration and social security | 45 | €77,888 | €110,570 | +€32,682 | +42.0% |
| Taxes | 450/3 | €21,568 | €40,515 | +€18,948 | +87.9% |
| Remuneration and social security | 454/9 | €56,320 | €70,054 | +€13,734 | +24.4% |
| Other amounts payable | 47/48 | €294,791 | €290,787 | -€4,004 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | - | €3,059,132 | +€3.1m | |
| Turnover | 70 | - | €2,386,916 | +€2.4m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €155,880 | +€155,880 | |
| Other operating income | 74 | - | €261,080 | +€261,080 | |
| Non-recurring operating income | 76A | €301,566 | €255,256 | -€46,311 | -15.4% |
| Operating charges | 60/66A | - | €3,049,670 | +€3.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €2,032,895 | +€2.0m | |
| Purchases | 600/8 | - | €2,030,927 | +€2.0m | |
| Change in stocks: decrease (increase) | 609 | - | €1,968 | +€1,968 | |
| Services and other goods | 61 | - | €565,161 | +€565,161 | |
| Remuneration, social security and pensions | 62 | €396,989 | €392,981 | -€4,008 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,636 | €47,217 | +€1,581 | +3.5% |
| Other operating charges | 640/8 | €11,953 | €11,416 | -€537 | -4.5% |
| Non-recurring operating charges | 66A | €3,075 | €0 | -€3,075 | -100% |
| Gross operating margin | 9900 | €466,827 | - | -€466,827 | |
| Operating profit (loss) | 9901 | €9,174 | €9,461 | +€288 | +3.1% |
| Financial income | 75/76B | €45,113 | €29,410 | -€15,702 | -34.8% |
| Recurring financial income | 75 | €45,113 | €29,410 | -€15,702 | -34.8% |
| Income from current assets | 751 | - | €22,517 | +€22,517 | |
| Other financial income | 752/9 | - | €6,894 | +€6,894 | |
| Financial charges | 65/66B | €26,139 | €20,777 | -€5,362 | -20.5% |
| Recurring financial charges | 65 | €26,139 | €20,777 | -€5,362 | -20.5% |
| Debt charges | 650 | - | €11,049 | +€11,049 | |
| Other financial charges | 652/9 | - | €9,728 | +€9,728 | |
| Profit (loss) for the period before taxes | 9903 | €28,147 | €18,094 | -€10,053 | -35.7% |
| Income taxes | 67/77 | €785 | €1,138 | +€353 | +45.0% |
| Taxes | 670/3 | - | €1,138 | +€1,138 | |
| Profit (loss) for the period | 9904 | €27,362 | €16,957 | -€10,406 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,362 | €16,957 | -€10,406 | -38.0% |
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 17 October 2026 via checked.be.