SAMREE CHAUF: 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.
SAMREE CHAUF
Largest movements
- Tangible fixed assets +€429,572
up €429,572 (+90.9%), from €472,570 to €902,142
of which Land and buildings: +€469,231
- Receivables within one year +€166,207
up €166,207 (+249%), from €66,652 to €232,860
of which Trade receivables: +€122,725
- Cash -€94,823
down €94,823 (-20.9%), from €453,099 to €358,276
mainly Investment in fixed assets (net) (-€520,455) and Contributions, distributions and other (-€455,092)
- Debts after one year +€347,211
up €347,211 (+247%), from €140,336 to €487,547
- Other debts +€329,501
up €329,501 (+333%), from €98,986 to €428,487
- Reserves -€185,273
down €185,273 (-22.2%), from €833,231 to €647,957
of which Distributable reserves: -€185,273
- Turnover +€181,305
up €181,305 (+11.6%), from €1.6m to €1.7m
- Gross operating margin +€118,430
up €118,430 (+16.5%), from €716,048 to €834,478
- Purchases and services +€71,104
up €71,104 (+7.9%), from €897,357 to €968,461
- Taxes +€38,932
up €38,932 (+59.0%), from €65,960 to €104,892
- Staff costs -€25,576
down €25,576 (-6.6%), from €389,721 to €364,145
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 | €1,284,968 | €1,775,017 | +€490,049 | +38.1% |
| Fixed assets | 21/28 | €479,175 | €911,356 | +€432,181 | +90.2% |
| Intangible fixed assets | 21 | €6,605 | €9,213 | +€2,609 | +39.5% |
| Tangible fixed assets | 22/27 | €472,570 | €902,142 | +€429,572 | +90.9% |
| Land and buildings | 22 | €343,662 | €812,893 | +€469,231 | +137% |
| Plant, machinery and equipment | 23 | €15,990 | €11,284 | -€4,706 | -29.4% |
| Furniture and vehicles | 24 | €108,333 | €74,714 | -€33,619 | -31.0% |
| Other tangible fixed assets | 26 | €4,586 | €3,252 | -€1,334 | -29.1% |
| Current assets | 29/58 | €805,793 | €863,661 | +€57,868 | +7.2% |
| Stocks and contracts in progress | 3 | €253,807 | €239,579 | -€14,228 | -5.6% |
| Stocks | 30/36 | €253,807 | €239,579 | -€14,228 | -5.6% |
| Amounts receivable within one year | 40/41 | €66,652 | €232,860 | +€166,207 | +249% |
| Trade receivables | 40 | €63,740 | €186,464 | +€122,725 | +193% |
| Other amounts receivable | 41 | €2,913 | €46,395 | +€43,483 | +1,493% |
| Cash at bank and in hand | 54/58 | €453,099 | €358,276 | -€94,823 | -20.9% |
| Deferred charges and accrued income | 490/1 | €32,234 | €32,946 | +€712 | +2.2% |
| Total equity and liabilities | 10/49 | €1,284,968 | €1,775,017 | +€490,049 | +38.1% |
| Equity | 10/15 | €905,012 | €719,739 | -€185,273 | -20.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €833,231 | €647,957 | -€185,273 | -22.2% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,900 | €14,900 | = | 0.0% |
| Distributable reserves | 133 | €818,331 | €633,057 | -€185,273 | -22.6% |
| Profit (loss) carried forward | 14 | €52,782 | €52,782 | = | 0.0% |
| Amounts payable | 17/49 | €379,955 | €1,055,277 | +€675,322 | +178% |
| Amounts payable after more than one year | 17 | €140,336 | €487,547 | +€347,211 | +247% |
| Financial debts | 170/4 | €140,336 | €487,547 | +€347,211 | +247% |
| Amounts payable within one year | 42/48 | €239,620 | €567,731 | +€328,111 | +137% |
| Current portion of amounts payable after more than one year | 42 | €30,568 | €21,493 | -€9,075 | -29.7% |
| Trade debts | 44 | €71,583 | €67,483 | -€4,100 | -5.7% |
| Suppliers | 440/4 | €71,583 | €67,483 | -€4,100 | -5.7% |
| Taxes, remuneration and social security | 45 | €38,484 | €50,268 | +€11,785 | +30.6% |
| Taxes | 450/3 | €15,558 | €28,337 | +€12,779 | +82.1% |
| Remuneration and social security | 454/9 | €22,926 | €21,931 | -€994 | -4.3% |
| Other amounts payable | 47/48 | €98,986 | €428,487 | +€329,501 | +333% |
| Turnover | 70 | €1,566,938 | €1,748,243 | +€181,305 | +11.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €897,357 | €968,461 | +€71,104 | +7.9% |
| Remuneration, social security and pensions | 62 | €389,721 | €364,145 | -€25,576 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,410 | €88,274 | +€1,864 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €145 | €226 | +€82 | +56.6% |
| Other operating charges | 640/8 | €256 | €1,366 | +€1,110 | +434% |
| Gross operating margin | 9900 | €716,048 | €834,478 | +€118,430 | +16.5% |
| Operating profit (loss) | 9901 | €239,516 | €380,466 | +€140,950 | +58.8% |
| Financial income | 75/76B | €2,159 | €4,639 | +€2,480 | +115% |
| Recurring financial income | 75 | €2,159 | €4,639 | +€2,480 | +115% |
| Financial charges | 65/66B | €6,482 | €10,395 | +€3,913 | +60.4% |
| Recurring financial charges | 65 | €6,482 | €10,395 | +€3,913 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €235,193 | €374,710 | +€139,517 | +59.3% |
| Income taxes | 67/77 | €65,960 | €104,892 | +€38,932 | +59.0% |
| Profit (loss) for the period | 9904 | €169,233 | €269,818 | +€100,585 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €169,233 | €269,818 | +€100,585 | +59.4% |
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 18 October 2026 via checked.be.