SAMI: 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.
SAMI
Largest movements
- Tangible fixed assets -€201,545
down €201,545 (-22.8%), from €885,395 to €683,849
of which Land and buildings: -€150,456
- Cash -€86,012
down €86,012 (-88.9%), from €96,786 to €10,774
mainly Debts after one year (-€147,307) and Contributions, distributions and other (-€117,933)
- Receivables within one year +€18,943
up €18,943 (+68.0%), from €27,840 to €46,783
of which Other amounts receivable: +€19,183
- Debts after one year -€147,307
down €147,307 (-35.0%), from €420,724 to €273,417
- Reserves -€85,836
down €85,836 (-20.6%), from €417,044 to €331,209
- Current portion of long-term debt -€21,556
down €21,556 (-12.8%), from €168,863 to €147,307
- Tax, wage and social debts -€13,548
down €13,548 (-72.0%), from €18,811 to €5,263
of which Taxes: -€13,568
- Gross operating margin -€73,302
down €73,302 (-20.3%), from €360,865 to €287,563
- Taxes -€26,920
down €26,920 (-63.0%), from €42,737 to €15,817
- Depreciation +€19,859
up €19,859 (+10.9%), from €181,686 to €201,545
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.
Cash bridge derived
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 | €1,037,946 | €769,640 | -€268,305 | -25.8% |
| Fixed assets | 21/28 | €912,461 | €710,916 | -€201,545 | -22.1% |
| Tangible fixed assets | 22/27 | €885,395 | €683,849 | -€201,545 | -22.8% |
| Land and buildings | 22 | €686,528 | €536,072 | -€150,456 | -21.9% |
| Furniture and vehicles | 24 | €198,867 | €147,778 | -€51,089 | -25.7% |
| Financial fixed assets | 28 | €27,067 | €27,067 | = | 0.0% |
| Current assets | 29/58 | €125,484 | €58,724 | -€66,760 | -53.2% |
| Amounts receivable within one year | 40/41 | €27,840 | €46,783 | +€18,943 | +68.0% |
| Trade receivables | 40 | €27,840 | €27,600 | -€240 | -0.9% |
| Other amounts receivable | 41 | - | €19,183 | +€19,183 | |
| Cash at bank and in hand | 54/58 | €96,786 | €10,774 | -€86,012 | -88.9% |
| Deferred charges and accrued income | 490/1 | €858 | €1,167 | +€309 | +36.0% |
| Total equity and liabilities | 10/49 | €1,037,946 | €769,640 | -€268,305 | -25.8% |
| Equity | 10/15 | €429,444 | €343,609 | -€85,836 | -20.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €417,044 | €331,209 | -€85,836 | -20.6% |
| Distributable reserves | 133 | €417,044 | €331,209 | -€85,836 | -20.6% |
| Amounts payable | 17/49 | €608,501 | €426,032 | -€182,469 | -30.0% |
| Amounts payable after more than one year | 17 | €420,724 | €273,417 | -€147,307 | -35.0% |
| Financial debts | 170/4 | €420,724 | €273,417 | -€147,307 | -35.0% |
| Amounts payable within one year | 42/48 | €187,778 | €152,615 | -€35,163 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €168,863 | €147,307 | -€21,556 | -12.8% |
| Trade debts | 44 | €104 | €46 | -€59 | -56.2% |
| Suppliers | 440/4 | €104 | €46 | -€59 | -56.2% |
| Taxes, remuneration and social security | 45 | €18,811 | €5,263 | -€13,548 | -72.0% |
| Taxes | 450/3 | €14,360 | €792 | -€13,568 | -94.5% |
| Remuneration and social security | 454/9 | €4,451 | €4,471 | +€20 | +0.4% |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,686 | €201,545 | +€19,859 | +10.9% |
| Other operating charges | 640/8 | €22,904 | €23,831 | +€928 | +4.1% |
| Gross operating margin | 9900 | €360,865 | €287,563 | -€73,302 | -20.3% |
| Operating profit (loss) | 9901 | €156,275 | €62,186 | -€94,089 | -60.2% |
| Financial charges | 65/66B | €15,999 | €14,272 | -€1,727 | -10.8% |
| Recurring financial charges | 65 | €15,999 | €14,272 | -€1,727 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €140,276 | €47,914 | -€92,362 | -65.8% |
| Income taxes | 67/77 | €42,737 | €15,817 | -€26,920 | -63.0% |
| Profit (loss) for the period | 9904 | €97,539 | €32,097 | -€65,442 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,539 | €32,097 | -€65,442 | -67.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.