SAMOURAI: what changed
Two fiscal 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.
SAMOURAI
Largest movements
- Tangible fixed assets +€467,233
up €467,233 (+84.4%), from €553,756 to €1.0m
of which Other tangible fixed assets: +€507,943
- Receivables within one year +€11,668
new in 2025: €11,668
- Debts after one year +€382,270
new in 2025: €382,270
- Trade debts +€166,069
up €166,069 (+199.5%), from €83,235 to €249,304
- Other debts -€144,762
down €144,762 (-46.9%), from €308,364 to €163,602
- Short-term financial debts +€64,914
new in 2025: €64,914
- Profit (loss) carried forward +€47,488
up €47,488 (+49.8%), from -€95,279 to -€47,791
- Gross operating margin +€167,286
up €167,286 (+40.5%), from €413,535 to €580,820
- Depreciation +€51,378
up €51,378 (+105.1%), from €48,892 to €100,270
- Financial charges +€38,047
up €38,047 (+181.5%), from €20,962 to €59,010
- Staff costs +€33,215
up €33,215 (+10.5%), from €315,035 to €348,250
- Other operating charges +€16,140
up €16,140 (+166.6%), from €9,690 to €25,830
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 | €615,472 | €1,090,960 | +€475,487 | +77.3% |
| Fixed assets | 21/28 | €554,218 | €1,021,451 | +€467,233 | +84.3% |
| Tangible fixed assets | 22/27 | €553,756 | €1,020,989 | +€467,233 | +84.4% |
| Plant, machinery and equipment | 23 | €353,011 | €321,401 | -€31,610 | -9.0% |
| Furniture and vehicles | 24 | €37,461 | €28,362 | -€9,099 | -24.3% |
| Other tangible fixed assets | 26 | €163,284 | €671,227 | +€507,943 | +311.1% |
| Financial fixed assets | 28 | €462 | €462 | = | 0.0% |
| Current assets | 29/58 | €61,255 | €69,509 | +€8,254 | +13.5% |
| Stocks and contracts in progress | 3 | €19,521 | €12,309 | -€7,212 | -36.9% |
| Stocks | 30/36 | €19,521 | €12,309 | -€7,212 | -36.9% |
| Amounts receivable within one year | 40/41 | - | €11,668 | +€11,668 | |
| Trade receivables | 40 | - | €11,668 | +€11,668 | |
| Cash at bank and in hand | 54/58 | €41,733 | €44,596 | +€2,862 | +6.9% |
| Deferred charges and accrued income | 490/1 | - | €936 | +€936 | |
| Total equity and liabilities | 10/49 | €615,472 | €1,090,960 | +€475,487 | +77.3% |
| Equity | 10/15 | -€73,820 | -€26,332 | +€47,488 | +64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,859 | €2,859 | = | 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% |
| Tax-exempt reserves | 132 | €999 | €999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,279 | -€47,791 | +€47,488 | +49.8% |
| Amounts payable | 17/49 | €689,292 | €1,117,291 | +€428,000 | +62.1% |
| Amounts payable after more than one year | 17 | - | €382,270 | +€382,270 | |
| Financial debts | 170/4 | - | €382,270 | +€382,270 | |
| Amounts payable within one year | 42/48 | €672,722 | €735,022 | +€62,299 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €39,512 | €55,835 | +€16,324 | +41.3% |
| Financial debts | 43 | - | €64,914 | +€64,914 | |
| Credit institutions | 430/8 | - | €64,914 | +€64,914 | |
| Trade debts | 44 | €83,235 | €249,304 | +€166,069 | +199.5% |
| Suppliers | 440/4 | €83,235 | €249,304 | +€166,069 | +199.5% |
| Taxes, remuneration and social security | 45 | €241,611 | €201,367 | -€40,245 | -16.7% |
| Taxes | 450/3 | €168,025 | €102,892 | -€65,133 | -38.8% |
| Remuneration and social security | 454/9 | €73,587 | €98,475 | +€24,889 | +33.8% |
| Other amounts payable | 47/48 | €308,364 | €163,602 | -€144,762 | -46.9% |
| Accrued charges and deferred income | 492/3 | €16,570 | - | -€16,570 | |
| Remuneration, social security and pensions | 62 | €315,035 | €348,250 | +€33,215 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,892 | €100,270 | +€51,378 | +105.1% |
| Other operating charges | 640/8 | €9,690 | €25,830 | +€16,140 | +166.6% |
| Gross operating margin | 9900 | €413,535 | €580,820 | +€167,286 | +40.5% |
| Operating profit (loss) | 9901 | €39,918 | €106,470 | +€66,552 | +166.7% |
| Financial income | 75/76B | €381 | €27 | -€354 | -92.8% |
| Recurring financial income | 75 | €381 | €27 | -€354 | -92.8% |
| Financial charges | 65/66B | €20,962 | €59,010 | +€38,047 | +181.5% |
| Recurring financial charges | 65 | €20,962 | €59,010 | +€38,047 | +181.5% |
| Profit (loss) for the period before taxes | 9903 | €19,336 | €47,488 | +€28,151 | +145.6% |
| Profit (loss) for the period | 9904 | €19,336 | €47,488 | +€28,151 | +145.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,336 | €47,488 | +€28,151 | +145.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.