SAMI JOEL: 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 JOEL
Largest movements
- Cash +€221,531
up €221,531 (+89.6%), from €247,366 to €468,897
mainly Other debts (+€1.9m) and Net result for the year (+€817,953)
- Tangible fixed assets -€56,375
down €56,375 (-2.5%), from €2.3m to €2.2m
- Receivables within one year -€40,842
down €40,842 (-10.9%), from €375,000 to €334,158
of which Other amounts receivable: -€43,775
- Other debts +€1.9m
up €1.9m (+27101.0%), from €6,984 to €1.9m
- Reserves -€1.8m
down €1.8m (-63.9%), from €2.8m to €992,607
- Gross operating margin -€301,874
down €301,874 (-20.1%), from €1.5m to €1.2m
- Taxes -€171,080
down €171,080 (-38.9%), from €439,855 to €268,775
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 | €2,911,240 | €3,035,094 | +€123,854 | +4.3% |
| Fixed assets | 21/28 | €2,288,414 | €2,232,039 | -€56,375 | -2.5% |
| Tangible fixed assets | 22/27 | €2,288,414 | €2,232,039 | -€56,375 | -2.5% |
| Land and buildings | 22 | €2,288,414 | €2,232,039 | -€56,375 | -2.5% |
| Current assets | 29/58 | €622,826 | €803,055 | +€180,229 | +28.9% |
| Amounts receivable within one year | 40/41 | €375,000 | €334,158 | -€40,842 | -10.9% |
| Trade receivables | 40 | - | €2,934 | +€2,934 | |
| Other amounts receivable | 41 | €375,000 | €331,225 | -€43,775 | -11.7% |
| Cash at bank and in hand | 54/58 | €247,366 | €468,897 | +€221,531 | +89.6% |
| Deferred charges and accrued income | 490/1 | €460 | - | -€460 | |
| Total equity and liabilities | 10/49 | €2,911,240 | €3,035,094 | +€123,854 | +4.3% |
| Equity | 10/15 | €2,770,453 | €1,011,207 | -€1.8m | -63.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,751,853 | €992,607 | -€1.8m | -63.9% |
| Distributable reserves | 133 | €2,751,853 | €992,607 | -€1.8m | -63.9% |
| Amounts payable | 17/49 | €140,787 | €2,023,887 | +€1.9m | +1337.6% |
| Amounts payable within one year | 42/48 | €137,436 | €2,023,887 | +€1.9m | +1372.6% |
| Current portion of amounts payable after more than one year | 42 | €6,471 | - | -€6,471 | |
| Trade debts | 44 | €1,126 | €1,335 | +€208 | +18.5% |
| Suppliers | 440/4 | €1,126 | €1,335 | +€208 | +18.5% |
| Taxes, remuneration and social security | 45 | €122,855 | €122,855 | = | 0.0% |
| Taxes | 450/3 | €122,855 | €122,855 | = | 0.0% |
| Other amounts payable | 47/48 | €6,984 | €1,899,697 | +€1.9m | +27101.0% |
| Accrued charges and deferred income | 492/3 | €3,350 | - | -€3,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,169 | €102,382 | +€5,214 | +5.4% |
| Other operating charges | 640/8 | €11,922 | €12,270 | +€348 | +2.9% |
| Gross operating margin | 9900 | €1,504,538 | €1,202,664 | -€301,874 | -20.1% |
| Operating profit (loss) | 9901 | €1,395,448 | €1,088,012 | -€307,436 | -22.0% |
| Financial charges | 65/66B | €2,127 | €1,284 | -€843 | -39.7% |
| Recurring financial charges | 65 | €2,127 | €1,284 | -€843 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €1,393,321 | €1,086,729 | -€306,593 | -22.0% |
| Income taxes | 67/77 | €439,855 | €268,775 | -€171,080 | -38.9% |
| Profit (loss) for the period | 9904 | €953,466 | €817,953 | -€135,513 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €953,466 | €817,953 | -€135,513 | -14.2% |
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 10 October 2026 via checked.be.