SAMOCO: 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.
What changed
SAMOCO
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,008
2024 · -€440,582+€431,573
Equity
€1.0m
2024 · €1.0m-€9,008
Cash
€47,904
2024 · €48,139-€235
Balance sheet total
€6.4m
2024 · €8.9m-€2.6m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-21.1%), from €6.5m to €5.1m
of which Trade receivables: -€1.5m
- Tangible fixed assets -€1.2m
down €1.2m (-63.8%), from €1.8m to €662,307
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-56.6%), from €3.0m to €1.3m
- Debts after one year -€531,099
down €531,099 (-82.9%), from €640,691 to €109,591
- Tax, wage and social debts -€338,922
down €338,922 (-23.4%), from €1.4m to €1.1m
of which Remuneration and social security: -€507,812
- Other debts +€207,389
up €207,389 (+11.2%), from €1.9m to €2.1m
- Current portion of long-term debt -€142,657
down €142,657 (-54.5%), from €261,555 to €118,898
Income statement
- Turnover -€6.0m
down €6.0m (-24.9%), from €23.9m to €18.0m
- Services and other goods -€2.6m
down €2.6m (-17.4%), from €14.7m to €12.1m
- Other operating income +€1.7m
up €1.7m (+607%), from €281,618 to €2.0m
- Staff costs -€1.1m
down €1.1m (-14.8%), from €7.7m to €6.6m
- Goods and materials -€464,306
down €464,306 (-60.7%), from €764,528 to €300,222
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.
Result 2024
-€440,582
Turnover
-€6.0m
Other operating income
+€1.7m
Goods and materials
+€464,306
Services and other goods
+€2.6m
Staff costs
+€1.1m
Depreciation
+€389,917
Write-downs
-€3,560
Other operating charges
-€15,060
Other operating items
+€210,256
Financial income
-€236
Financial charges
-€20,161
Taxes
-€43,072
Result 2025
-€9,008
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€244,791
Investment
+€435,782
Financing
-€680,807
Cash 2024
€48,139
From operations (derived)
+€244,791
Net result for the year
-€9,008
Depreciation
+€771,281
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€4,522
Trade debts
-€1.7m
Tax, wage and social debts
-€338,922
Advances received
-€35,391
Other debts
+€207,389
Accrued charges and deferred income
-€8,792
Investment (derived)
+€435,782
Investment in fixed assets (net)
+€435,782
Financing
-€680,807
Debts after one year
-€531,099
Current portion of long-term debt
-€142,657
Short-term financial debts
-€7,051
Cash 2025
€47,904
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,946,802 | €6,367,434 | -€2.6m | -28.8% |
| Fixed assets | 21/28 | €2,385,278 | €1,178,215 | -€1.2m | -50.6% |
| Intangible fixed assets | 21 | €114,937 | €77,158 | -€37,779 | -32.9% |
| Tangible fixed assets | 22/27 | €1,831,591 | €662,307 | -€1.2m | -63.8% |
| Land and buildings | 22 | €7,961 | - | -€7,961 | |
| Plant, machinery and equipment | 23 | €555,155 | €147,095 | -€408,060 | -73.5% |
| Furniture and vehicles | 24 | €888,846 | €311,607 | -€577,239 | -64.9% |
| Leasing and similar rights | 25 | €379,628 | €203,604 | -€176,024 | -46.4% |
| Financial fixed assets | 28 | €438,750 | €438,750 | = | 0.0% |
| Affiliated companies | 280/1 | €438,750 | €438,750 | = | 0.0% |
| Participating interests | 280 | €438,750 | €438,750 | = | 0.0% |
| Current assets | 29/58 | €6,561,524 | €5,189,220 | -€1.4m | -20.9% |
| Amounts receivable after more than one year | 29 | €30,647 | €30,647 | = | 0.0% |
| Other amounts receivable | 291 | €30,647 | €30,647 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,472,249 | €5,104,702 | -€1.4m | -21.1% |
| Trade receivables | 40 | €6,460,069 | €4,929,367 | -€1.5m | -23.7% |
| Other amounts receivable | 41 | €12,180 | €175,334 | +€163,154 | +1,339% |
| Cash at bank and in hand | 54/58 | €48,139 | €47,904 | -€235 | -0.5% |
| Deferred charges and accrued income | 490/1 | €10,488 | €5,967 | -€4,522 | -43.1% |
| Total equity and liabilities | 10/49 | €8,946,802 | €6,367,434 | -€2.6m | -28.8% |
| Equity | 10/15 | €1,036,600 | €1,027,591 | -€9,008 | -0.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,400 | -€72,409 | -€9,008 | -14.2% |
| Amounts payable | 17/49 | €7,910,202 | €5,339,843 | -€2.6m | -32.5% |
| Amounts payable after more than one year | 17 | €640,691 | €109,591 | -€531,099 | -82.9% |
| Financial debts | 170/4 | €640,691 | €109,591 | -€531,099 | -82.9% |
| Leasing and similar obligations | 172 | €640,691 | €109,591 | -€531,099 | -82.9% |
| Amounts payable within one year | 42/48 | €7,260,719 | €5,230,252 | -€2.0m | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €261,555 | €118,898 | -€142,657 | -54.5% |
| Financial debts | 43 | €640,435 | €633,384 | -€7,051 | -1.1% |
| Credit institutions | 430/8 | €640,435 | €633,384 | -€7,051 | -1.1% |
| Trade debts | 44 | €3,026,863 | €1,313,026 | -€1.7m | -56.6% |
| Suppliers | 440/4 | €3,026,863 | €1,313,026 | -€1.7m | -56.6% |
| Advances received on contracts in progress | 46 | €35,391 | - | -€35,391 | |
| Taxes, remuneration and social security | 45 | €1,446,056 | €1,107,134 | -€338,922 | -23.4% |
| Taxes | 450/3 | €200,441 | €369,331 | +€168,890 | +84.3% |
| Remuneration and social security | 454/9 | €1,245,615 | €737,803 | -€507,812 | -40.8% |
| Other amounts payable | 47/48 | €1,850,420 | €2,057,809 | +€207,389 | +11.2% |
| Accrued charges and deferred income | 492/3 | €8,792 | - | -€8,792 | |
| Operating income | 70/76A | €24,206,209 | €20,042,831 | -€4.2m | -17.2% |
| Turnover | 70 | €23,924,591 | €17,965,288 | -€6.0m | -24.9% |
| Other operating income | 74 | €281,618 | €1,991,393 | +€1.7m | +607% |
| Non-recurring operating income | 76A | - | €86,150 | +€86,150 | |
| Operating charges | 60/66A | €24,516,749 | €19,858,330 | -€4.7m | -19.0% |
| Goods for resale, raw materials and consumables | 60 | €764,528 | €300,222 | -€464,306 | -60.7% |
| Purchases | 600/8 | €764,528 | €300,222 | -€464,306 | -60.7% |
| Services and other goods | 61 | €14,702,346 | €12,142,795 | -€2.6m | -17.4% |
| Remuneration, social security and pensions | 62 | €7,708,005 | €6,568,847 | -€1.1m | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161,199 | €771,281 | -€389,917 | -33.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €860 | €4,420 | +€3,560 | +414% |
| Other operating charges | 640/8 | €43,323 | €58,383 | +€15,060 | +34.8% |
| Non-recurring operating charges | 66A | €136,488 | €12,382 | -€124,106 | -90.9% |
| Operating profit (loss) | 9901 | -€310,540 | €184,502 | +€495,042 | |
| Financial income | 75/76B | €2,019 | €1,783 | -€236 | -11.7% |
| Recurring financial income | 75 | €2,019 | €1,783 | -€236 | -11.7% |
| Income from current assets | 751 | €2,019 | €1,783 | -€236 | -11.7% |
| Financial charges | 65/66B | €128,288 | €148,449 | +€20,161 | +15.7% |
| Recurring financial charges | 65 | €128,288 | €148,449 | +€20,161 | +15.7% |
| Debt charges | 650 | €126,095 | €144,021 | +€17,926 | +14.2% |
| Other financial charges | 652/9 | €2,193 | €4,428 | +€2,235 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€436,809 | €37,836 | +€474,645 | |
| Income taxes | 67/77 | €3,772 | €46,844 | +€43,072 | +1,142% |
| Taxes | 670/3 | €28,940 | €47,270 | +€18,329 | +63.3% |
| Tax adjustments and reversals of tax provisions | 77 | €25,168 | €426 | -€24,742 | -98.3% |
| Profit (loss) for the period | 9904 | -€440,582 | -€9,008 | +€431,573 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€440,582 | -€9,008 | +€431,573 | +98.0% |
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 14 October 2026 via checked.be.