SAMECO: 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.
SAMECO
Largest movements
- Receivables within one year -€457,270
down €457,270 (-65.5%), from €698,606 to €241,336
of which Trade receivables: -€511,140
- Tangible fixed assets -€105,123
down €105,123 (-7.3%), from €1.4m to €1.3m
of which Land and buildings: -€84,953
- Other debts -€426,427
down €426,427 (-18.1%), from €2.4m to €1.9m
- Trade debts -€81,426
down €81,426 (-75.2%), from €108,338 to €26,911
- Gross operating margin -€68,264
down €68,264 (-43.9%), from €155,621 to €87,357
- Depreciation -€26,173
down €26,173 (-19.9%), from €131,295 to €105,123
- Financial charges -€9,827
down €9,827 (-45.9%), from €21,403 to €11,576
- Financial income +€6,411
new in 2025: €6,411
- Taxes +€1,744
up €1,744, from -€1,425 to €320
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 | €3,354,713 | €2,788,670 | -€566,043 | -16.9% |
| Fixed assets | 21/28 | €2,643,786 | €2,538,664 | -€105,123 | -4.0% |
| Tangible fixed assets | 22/27 | €1,449,295 | €1,344,173 | -€105,123 | -7.3% |
| Land and buildings | 22 | €1,377,381 | €1,292,428 | -€84,953 | -6.2% |
| Furniture and vehicles | 24 | €71,914 | €51,745 | -€20,169 | -28.0% |
| Financial fixed assets | 28 | €1,194,491 | €1,194,491 | = | 0.0% |
| Current assets | 29/58 | €710,926 | €250,006 | -€460,920 | -64.8% |
| Amounts receivable within one year | 40/41 | €698,606 | €241,336 | -€457,270 | -65.5% |
| Trade receivables | 40 | €698,590 | €187,450 | -€511,140 | -73.2% |
| Other amounts receivable | 41 | €16 | €53,886 | +€53,869 | +333,971% |
| Cash at bank and in hand | 54/58 | €7,399 | €3,868 | -€3,531 | -47.7% |
| Deferred charges and accrued income | 490/1 | €4,921 | €4,803 | -€118 | -2.4% |
| Total equity and liabilities | 10/49 | €3,354,713 | €2,788,670 | -€566,043 | -16.9% |
| Equity | 10/15 | €712,515 | €685,013 | -€27,501 | -3.9% |
| Contributions | 10/11 | €1,236,000 | €1,236,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,236,000 | - | -€1.2m | |
| Other | 1109/19 | €1,236,000 | - | -€1.2m | |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€623,485 | -€650,987 | -€27,501 | -4.4% |
| Amounts payable | 17/49 | €2,642,198 | €2,103,657 | -€538,541 | -20.4% |
| Amounts payable after more than one year | 17 | €56,276 | €36,515 | -€19,762 | -35.1% |
| Financial debts | 170/4 | €56,276 | €36,515 | -€19,762 | -35.1% |
| Amounts payable within one year | 42/48 | €2,494,582 | €1,979,989 | -€514,592 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €18,426 | €19,762 | +€1,335 | +7.2% |
| Trade debts | 44 | €108,338 | €26,911 | -€81,426 | -75.2% |
| Suppliers | 440/4 | €108,338 | €26,911 | -€81,426 | -75.2% |
| Taxes, remuneration and social security | 45 | €13,120 | €5,046 | -€8,074 | -61.5% |
| Taxes | 450/3 | €13,120 | €5,046 | -€8,074 | -61.5% |
| Other amounts payable | 47/48 | €2,354,697 | €1,928,271 | -€426,427 | -18.1% |
| Accrued charges and deferred income | 492/3 | €91,340 | €87,153 | -€4,187 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,295 | €105,123 | -€26,173 | -19.9% |
| Other operating charges | 640/8 | €4,626 | €4,251 | -€375 | -8.1% |
| Gross operating margin | 9900 | €155,621 | €87,357 | -€68,264 | -43.9% |
| Operating profit (loss) | 9901 | €19,700 | -€22,017 | -€41,717 | |
| Financial income | 75/76B | - | €6,411 | +€6,411 | |
| Recurring financial income | 75 | - | €6,411 | +€6,411 | |
| Financial charges | 65/66B | €21,403 | €11,576 | -€9,827 | -45.9% |
| Recurring financial charges | 65 | €21,403 | €11,576 | -€9,827 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,703 | -€27,182 | -€25,479 | -1,496% |
| Income taxes | 67/77 | -€1,425 | €320 | +€1,744 | |
| Profit (loss) for the period | 9904 | -€278 | -€27,501 | -€27,223 | -9,779% |
| Profit (loss) for the period to be appropriated | 9905 | -€278 | -€27,501 | -€27,223 | -9,779% |
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 30 October 2026 via checked.be.