SamElek: 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.
SamElek
Largest movements
- Cash +€47,304
up €47,304 (+88.3%), from €53,588 to €100,891
mainly Tax, wage and social debts (+€41,900) and Net result for the year (+€29,919)
- Stocks and contracts +€36,100
up €36,100 (+43.5%), from €82,986 to €119,087
of which Stocks: +€57,500
- Tangible fixed assets -€6,223
down €6,223 (-10.1%), from €61,608 to €55,385
of which Other tangible fixed assets: -€5,634
- Tax, wage and social debts +€41,900
up €41,900 (+155%), from €26,972 to €68,872
of which Taxes: +€28,467
- Reserves +€29,086
up €29,086 (+14.4%), from €201,921 to €231,007
of which Distributable reserves: +€29,086
- Trade debts +€9,596
up €9,596 (+40.6%), from €23,620 to €33,217
- Gross operating margin +€77,268
up €77,268 (+79.6%), from €97,094 to €174,362
- Staff costs +€43,569
up €43,569 (+56.9%), from €76,515 to €120,084
- Taxes +€6,476
up €6,476 (+487%), from €1,331 to €7,807
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 | €286,324 | €366,261 | +€79,938 | +27.9% |
| Fixed assets | 21/28 | €61,608 | €55,385 | -€6,223 | -10.1% |
| Tangible fixed assets | 22/27 | €61,608 | €55,385 | -€6,223 | -10.1% |
| Plant, machinery and equipment | 23 | €8,923 | €10,965 | +€2,042 | +22.9% |
| Furniture and vehicles | 24 | €11,764 | €9,133 | -€2,631 | -22.4% |
| Other tangible fixed assets | 26 | €40,921 | €35,287 | -€5,634 | -13.8% |
| Current assets | 29/58 | €224,716 | €310,877 | +€86,160 | +38.3% |
| Stocks and contracts in progress | 3 | €82,986 | €119,087 | +€36,100 | +43.5% |
| Stocks | 30/36 | €61,586 | €119,087 | +€57,500 | +93.4% |
| Contracts in progress | 37 | €21,400 | €0 | -€21,400 | -100% |
| Amounts receivable within one year | 40/41 | €85,290 | €86,175 | +€885 | +1.0% |
| Trade receivables | 40 | €80,452 | €80,513 | +€61 | +0.1% |
| Other amounts receivable | 41 | €4,838 | €5,662 | +€824 | +17.0% |
| Cash at bank and in hand | 54/58 | €53,588 | €100,891 | +€47,304 | +88.3% |
| Deferred charges and accrued income | 490/1 | €2,852 | €4,723 | +€1,871 | +65.6% |
| Total equity and liabilities | 10/49 | €286,324 | €366,261 | +€79,938 | +27.9% |
| Equity | 10/15 | €220,521 | €249,607 | +€29,086 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,921 | €231,007 | +€29,086 | +14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €201,921 | €231,007 | +€29,086 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,803 | €116,655 | +€50,852 | +77.3% |
| Amounts payable within one year | 42/48 | €64,958 | €115,794 | +€50,837 | +78.3% |
| Trade debts | 44 | €23,620 | €33,217 | +€9,596 | +40.6% |
| Suppliers | 440/4 | €23,620 | €33,217 | +€9,596 | +40.6% |
| Advances received on contracts in progress | 46 | €1,913 | €163 | -€1,750 | -91.5% |
| Taxes, remuneration and social security | 45 | €26,972 | €68,872 | +€41,900 | +155% |
| Taxes | 450/3 | €13,809 | €42,276 | +€28,467 | +206% |
| Remuneration and social security | 454/9 | €13,163 | €26,596 | +€13,433 | +102% |
| Other amounts payable | 47/48 | €12,453 | €13,543 | +€1,090 | +8.7% |
| Accrued charges and deferred income | 492/3 | €845 | €860 | +€15 | +1.8% |
| Non-recurring operating income | 76A | €4 | €0 | -€4 | -100% |
| Remuneration, social security and pensions | 62 | €76,515 | €120,084 | +€43,569 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,115 | €12,953 | -€162 | -1.2% |
| Other operating charges | 640/8 | €1,199 | €1,245 | +€46 | +3.8% |
| Gross operating margin | 9900 | €97,094 | €174,362 | +€77,268 | +79.6% |
| Operating profit (loss) | 9901 | €6,264 | €40,080 | +€33,815 | +540% |
| Financial income | 75/76B | €17 | €173 | +€156 | +899% |
| Recurring financial income | 75 | €17 | €173 | +€156 | +899% |
| Financial charges | 65/66B | €955 | €2,526 | +€1,572 | +165% |
| Recurring financial charges | 65 | €955 | €2,526 | +€1,572 | +165% |
| Profit (loss) for the period before taxes | 9903 | €5,327 | €37,726 | +€32,399 | +608% |
| Income taxes | 67/77 | €1,331 | €7,807 | +€6,476 | +487% |
| Profit (loss) for the period | 9904 | €3,996 | €29,919 | +€25,923 | +649% |
| Profit (loss) for the period to be appropriated | 9905 | €3,996 | €29,919 | +€25,923 | +649% |
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.