SAMEX TRADE: 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.
SAMEX TRADE
Largest movements
- Receivables within one year +€26,089
up €26,089 (+31.5%), from €82,762 to €108,851
of which Other amounts receivable: +€41,816
- Tangible fixed assets +€11,479
up €11,479 (+74.1%), from €15,493 to €26,972
of which Furniture and vehicles: +€11,869
- Cash +€8,854
up €8,854 (+104%), from €8,489 to €17,343
mainly Net result for the year (+€38,706) and Depreciation (+€8,221)
- Profit (loss) carried forward +€38,706
up €38,706 (+26.6%), from €145,636 to €184,342
- Tax, wage and social debts +€7,989
up €7,989 (+30.2%), from €26,426 to €34,415
of which Taxes: +€6,764
- Gross operating margin +€19,490
up €19,490 (+22.5%), from €86,568 to €106,058
- Staff costs +€19,182
up €19,182 (+104%), from €18,409 to €37,591
- Taxes +€4,402
up €4,402 (+38.0%), from €11,582 to €15,985
- Other operating charges +€2,559
up €2,559 (+195%), from €1,310 to €3,869
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 | €219,395 | €265,817 | +€46,422 | +21.2% |
| Fixed assets | 21/28 | €15,678 | €27,157 | +€11,479 | +73.2% |
| Tangible fixed assets | 22/27 | €15,493 | €26,972 | +€11,479 | +74.1% |
| Plant, machinery and equipment | 23 | €390 | - | -€390 | |
| Furniture and vehicles | 24 | €15,103 | €26,972 | +€11,869 | +78.6% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €203,716 | €238,660 | +€34,943 | +17.2% |
| Amounts receivable after more than one year | 29 | €112,466 | €112,466 | = | 0.0% |
| Other amounts receivable | 291 | €112,466 | €112,466 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,762 | €108,851 | +€26,089 | +31.5% |
| Trade receivables | 40 | €74,829 | €59,102 | -€15,727 | -21.0% |
| Other amounts receivable | 41 | €7,933 | €49,749 | +€41,816 | +527% |
| Cash at bank and in hand | 54/58 | €8,489 | €17,343 | +€8,854 | +104% |
| Total equity and liabilities | 10/49 | €219,395 | €265,817 | +€46,422 | +21.2% |
| Equity | 10/15 | €159,896 | €198,602 | +€38,706 | +24.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,636 | €184,342 | +€38,706 | +26.6% |
| Amounts payable | 17/49 | €59,498 | €67,214 | +€7,716 | +13.0% |
| Amounts payable within one year | 42/48 | €59,498 | €67,214 | +€7,716 | +13.0% |
| Trade debts | 44 | €33,069 | €32,799 | -€269 | -0.8% |
| Suppliers | 440/4 | €33,069 | €32,799 | -€269 | -0.8% |
| Taxes, remuneration and social security | 45 | €26,426 | €34,415 | +€7,989 | +30.2% |
| Taxes | 450/3 | €18,188 | €24,951 | +€6,764 | +37.2% |
| Remuneration and social security | 454/9 | €8,238 | €9,464 | +€1,226 | +14.9% |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Remuneration, social security and pensions | 62 | €18,409 | €37,591 | +€19,182 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,818 | €8,221 | +€403 | +5.2% |
| Other operating charges | 640/8 | €1,310 | €3,869 | +€2,559 | +195% |
| Non-recurring operating charges | 66A | €15,466 | - | -€15,466 | |
| Gross operating margin | 9900 | €86,568 | €106,058 | +€19,490 | +22.5% |
| Operating profit (loss) | 9901 | €43,565 | €56,376 | +€12,811 | +29.4% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €1,391 | €1,713 | +€322 | +23.2% |
| Recurring financial charges | 65 | €1,391 | €1,713 | +€322 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €42,174 | €54,691 | +€12,517 | +29.7% |
| Income taxes | 67/77 | €11,582 | €15,985 | +€4,402 | +38.0% |
| Profit (loss) for the period | 9904 | €30,591 | €38,706 | +€8,114 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,591 | €38,706 | +€8,114 | +26.5% |
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 13 October 2026 via checked.be.