SAMEN INVEST: 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.
SAMEN INVEST
Largest movements
- Stocks and contracts -€930,289
down €930,289 (-39.3%), from €2.4m to €1.4m
- Cash -€432,228
down €432,228 (-51.7%), from €836,745 to €404,517
mainly Short-term financial debts (-€993,461) and Receivables within one year (-€401,674)
- Receivables within one year +€401,674
up €401,674 (+29.4%), from €1.4m to €1.8m
of which Trade receivables: +€312,862
- Tangible fixed assets -€364,260
down €364,260 (-10.2%), from €3.6m to €3.2m
of which Land and buildings: -€364,260
- Short-term financial debts -€993,461
down €993,461 (-39.4%), from €2.5m to €1.5m
- Debts after one year -€217,565
down €217,565 (-9.1%), from €2.4m to €2.2m
- Profit (loss) carried forward -€119,142
down €119,142 (-61.4%), from €193,984 to €74,842
- Gross operating margin -€124,842
down €124,842 (-21.7%), from €574,286 to €449,444
- Taxes -€24,852
down €24,852 (-38.0%), from €65,466 to €40,614
- Financial charges -€14,909
down €14,909 (-6.9%), from €215,164 to €200,255
- Other operating charges +€10,401
up €10,401 (+73.3%), from €14,190 to €24,591
- Financial income -€6,695
down €6,695 (-15.6%), from €42,819 to €36,123
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 | €8,180,729 | €6,847,069 | -€1.3m | -16.3% |
| Fixed assets | 21/28 | €3,564,975 | €3,198,583 | -€366,392 | -10.3% |
| Intangible fixed assets | 21 | €8,526 | €6,394 | -€2,131 | -25.0% |
| Tangible fixed assets | 22/27 | €3,556,449 | €3,192,189 | -€364,260 | -10.2% |
| Land and buildings | 22 | €3,556,449 | €3,192,189 | -€364,260 | -10.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €4,615,754 | €3,648,486 | -€967,268 | -21.0% |
| Stocks and contracts in progress | 3 | €2,369,784 | €1,439,495 | -€930,289 | -39.3% |
| Stocks | 30/36 | €2,369,784 | €1,439,495 | -€930,289 | -39.3% |
| Amounts receivable within one year | 40/41 | €1,365,982 | €1,767,657 | +€401,674 | +29.4% |
| Trade receivables | 40 | €840,409 | €1,153,271 | +€312,862 | +37.2% |
| Other amounts receivable | 41 | €525,573 | €614,386 | +€88,813 | +16.9% |
| Cash at bank and in hand | 54/58 | €836,745 | €404,517 | -€432,228 | -51.7% |
| Deferred charges and accrued income | 490/1 | €43,243 | €36,818 | -€6,425 | -14.9% |
| Total equity and liabilities | 10/49 | €8,180,729 | €6,847,069 | -€1.3m | -16.3% |
| Equity | 10/15 | €2,865,576 | €2,775,563 | -€90,013 | -3.1% |
| Contributions | 10/11 | €2,408,780 | €2,408,780 | = | 0.0% |
| Reserves | 13 | €262,811 | €291,941 | +€29,129 | +11.1% |
| Distributable reserves | 133 | €262,811 | €291,941 | +€29,129 | +11.1% |
| Profit (loss) carried forward | 14 | €193,984 | €74,842 | -€119,142 | -61.4% |
| Amounts payable | 17/49 | €5,315,153 | €4,071,507 | -€1.2m | -23.4% |
| Amounts payable after more than one year | 17 | €2,380,898 | €2,163,334 | -€217,565 | -9.1% |
| Financial debts | 170/4 | €2,380,898 | €2,163,334 | -€217,565 | -9.1% |
| Amounts payable within one year | 42/48 | €2,903,452 | €1,887,973 | -€1.0m | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €95,592 | €89,233 | -€6,359 | -6.7% |
| Financial debts | 43 | €2,524,581 | €1,531,120 | -€993,461 | -39.4% |
| Credit institutions | 430/8 | €2,524,581 | €1,531,120 | -€993,461 | -39.4% |
| Trade debts | 44 | €80,799 | €99,673 | +€18,875 | +23.4% |
| Suppliers | 440/4 | €80,799 | €99,673 | +€18,875 | +23.4% |
| Taxes, remuneration and social security | 45 | - | €466 | +€466 | |
| Taxes | 450/3 | - | €466 | +€466 | |
| Other amounts payable | 47/48 | €202,480 | €167,480 | -€35,000 | -17.3% |
| Accrued charges and deferred income | 492/3 | €30,803 | €20,200 | -€10,603 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,300 | €133,438 | +€5,138 | +4.0% |
| Other operating charges | 640/8 | €14,190 | €24,591 | +€10,401 | +73.3% |
| Gross operating margin | 9900 | €574,286 | €449,444 | -€124,842 | -21.7% |
| Operating profit (loss) | 9901 | €431,795 | €291,415 | -€140,381 | -32.5% |
| Financial income | 75/76B | €42,819 | €36,123 | -€6,695 | -15.6% |
| Recurring financial income | 75 | €42,819 | €36,123 | -€6,695 | -15.6% |
| Financial charges | 65/66B | €215,164 | €200,255 | -€14,909 | -6.9% |
| Recurring financial charges | 65 | €215,164 | €200,255 | -€14,909 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €259,450 | €127,283 | -€132,167 | -50.9% |
| Income taxes | 67/77 | €65,466 | €40,614 | -€24,852 | -38.0% |
| Profit (loss) for the period | 9904 | €193,984 | €86,669 | -€107,315 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €193,984 | €86,669 | -€107,315 | -55.3% |
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.