SAMMELS: 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.
SAMMELS
Largest movements
- Cash +€137,902
up €137,902 (+24.3%), from €567,645 to €705,547
mainly Net result for the year (+€132,284) and Stocks and contracts (+€90,654)
- Stocks and contracts -€90,654
down €90,654 (-12.0%), from €756,494 to €665,840
- Reserves +€132,284
up €132,284 (+6.3%), from €2.1m to €2.2m
- Trade debts -€118,280
down €118,280 (-66.0%), from €179,297 to €61,017
- Gross operating margin -€23,194
down €23,194 (-6.5%), from €358,347 to €335,153
- Taxes -€13,708
down €13,708 (-20.0%), from €68,534 to €54,825
- Depreciation +€8,532
up €8,532 (+14.0%), from €60,771 to €69,303
- Staff costs +€8,324
up €8,324 (+17.7%), from €47,149 to €55,472
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 | €2,437,794 | €2,469,271 | +€31,476 | +1.3% |
| Fixed assets | 21/28 | €1,037,281 | €1,014,541 | -€22,739 | -2.2% |
| Tangible fixed assets | 22/27 | €1,037,281 | €1,014,541 | -€22,739 | -2.2% |
| Land and buildings | 22 | €961,045 | €928,616 | -€32,430 | -3.4% |
| Plant, machinery and equipment | 23 | €35,619 | €21,799 | -€13,820 | -38.8% |
| Furniture and vehicles | 24 | €40,617 | €64,127 | +€23,510 | +57.9% |
| Current assets | 29/58 | €1,400,514 | €1,454,729 | +€54,216 | +3.9% |
| Stocks and contracts in progress | 3 | €756,494 | €665,840 | -€90,654 | -12.0% |
| Stocks | 30/36 | €756,494 | €665,840 | -€90,654 | -12.0% |
| Amounts receivable within one year | 40/41 | €69,362 | €74,911 | +€5,549 | +8.0% |
| Trade receivables | 40 | €34,500 | €43,445 | +€8,945 | +25.9% |
| Other amounts receivable | 41 | €34,862 | €31,466 | -€3,396 | -9.7% |
| Cash at bank and in hand | 54/58 | €567,645 | €705,547 | +€137,902 | +24.3% |
| Deferred charges and accrued income | 490/1 | €7,012 | €8,431 | +€1,419 | +20.2% |
| Total equity and liabilities | 10/49 | €2,437,794 | €2,469,271 | +€31,476 | +1.3% |
| Equity | 10/15 | €2,211,387 | €2,343,671 | +€132,284 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €58,875 | €58,875 | = | 0.0% |
| Reserves | 13 | €2,107,881 | €2,240,166 | +€132,284 | +6.3% |
| Distributable reserves | 133 | €2,107,881 | €2,240,166 | +€132,284 | +6.3% |
| Profit (loss) carried forward | 14 | €26,030 | €26,030 | = | 0.0% |
| Amounts payable | 17/49 | €226,408 | €125,600 | -€100,808 | -44.5% |
| Amounts payable within one year | 42/48 | €226,408 | €125,600 | -€100,808 | -44.5% |
| Trade debts | 44 | €179,297 | €61,017 | -€118,280 | -66.0% |
| Suppliers | 440/4 | €179,297 | €61,017 | -€118,280 | -66.0% |
| Taxes, remuneration and social security | 45 | €3,741 | €20,882 | +€17,140 | +458% |
| Taxes | 450/3 | €271 | €9,819 | +€9,548 | +3,528% |
| Remuneration and social security | 454/9 | €3,471 | €11,063 | +€7,592 | +219% |
| Other amounts payable | 47/48 | €43,369 | €43,701 | +€332 | +0.8% |
| Remuneration, social security and pensions | 62 | €47,149 | €55,472 | +€8,324 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,771 | €69,303 | +€8,532 | +14.0% |
| Other operating charges | 640/8 | €22,057 | €22,314 | +€256 | +1.2% |
| Non-recurring operating charges | 66A | - | €374 | +€374 | |
| Gross operating margin | 9900 | €358,347 | €335,153 | -€23,194 | -6.5% |
| Operating profit (loss) | 9901 | €228,370 | €187,690 | -€40,680 | -17.8% |
| Financial income | 75/76B | €120 | €1,176 | +€1,056 | +882% |
| Recurring financial income | 75 | €120 | €1,176 | +€1,056 | +882% |
| Financial charges | 65/66B | €1,861 | €1,757 | -€104 | -5.6% |
| Recurring financial charges | 65 | €1,861 | €1,757 | -€104 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €226,629 | €187,110 | -€39,519 | -17.4% |
| Income taxes | 67/77 | €68,534 | €54,825 | -€13,708 | -20.0% |
| Profit (loss) for the period | 9904 | €158,095 | €132,284 | -€25,811 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €158,095 | €132,284 | -€25,811 | -16.3% |
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 19 October 2026 via checked.be.