SAMTRANS: 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.
SAMTRANS
Largest movements
- Cash +€372,468
up €372,468 (+77.6%), from €480,200 to €852,668
mainly Net result for the year (+€551,371) and Debts after one year (+€191,315)
- Receivables within one year +€366,460
up €366,460 (+87.3%), from €419,746 to €786,206
of which Trade receivables: +€360,142
- Tangible fixed assets +€264,941
up €264,941 (+164.3%), from €161,211 to €426,153
of which Leasing and similar rights: +€275,876
- Deferred charges and accrued income -€36,633
down €36,633 (-51.5%), from €71,068 to €34,435
- Reserves +€521,371
up €521,371 (+26068.5%), from €2,000 to €523,371
- Debts after one year +€191,315
new in 2025: €191,315
- Tax, wage and social debts +€158,961
up €158,961 (+165.0%), from €96,342 to €255,302
of which Remuneration and social security: +€92,951
- Current portion of long-term debt +€83,653
new in 2025: €83,653
- Trade debts +€27,242
up €27,242 (+27.8%), from €98,044 to €125,286
- Gross operating margin +€876,787
up €876,787 (+77.6%), from €1.1m to €2.0m
- Staff costs +€504,993
up €504,993 (+100.2%), from €503,902 to €1.0m
- Taxes +€114,792
up €114,792 (+83.0%), from €138,349 to €253,141
- Depreciation +€94,372
up €94,372 (+185.4%), from €50,894 to €145,265
- Other operating charges +€22,380
up €22,380 (+212.3%), from €10,542 to €32,922
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 | €1,146,175 | €2,113,412 | +€967,237 | +84.4% |
| Fixed assets | 21/28 | €175,161 | €440,103 | +€264,941 | +151.3% |
| Tangible fixed assets | 22/27 | €161,211 | €426,153 | +€264,941 | +164.3% |
| Plant, machinery and equipment | 23 | €1,838 | €2,333 | +€495 | +26.9% |
| Furniture and vehicles | 24 | €136,085 | €127,284 | -€8,801 | -6.5% |
| Leasing and similar rights | 25 | - | €275,876 | +€275,876 | |
| Other tangible fixed assets | 26 | €23,288 | €20,660 | -€2,628 | -11.3% |
| Financial fixed assets | 28 | €13,950 | €13,950 | = | 0.0% |
| Current assets | 29/58 | €971,014 | €1,673,309 | +€702,296 | +72.3% |
| Amounts receivable within one year | 40/41 | €419,746 | €786,206 | +€366,460 | +87.3% |
| Trade receivables | 40 | €386,064 | €746,206 | +€360,142 | +93.3% |
| Other amounts receivable | 41 | €33,682 | €40,000 | +€6,318 | +18.8% |
| Cash at bank and in hand | 54/58 | €480,200 | €852,668 | +€372,468 | +77.6% |
| Deferred charges and accrued income | 490/1 | €71,068 | €34,435 | -€36,633 | -51.5% |
| Total equity and liabilities | 10/49 | €1,146,175 | €2,113,412 | +€967,237 | +84.4% |
| Equity | 10/15 | €906,425 | €1,427,796 | +€521,371 | +57.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €523,371 | +€521,371 | +26068.5% |
| Distributable reserves | 133 | €2,000 | €523,371 | +€521,371 | +26068.5% |
| Profit (loss) carried forward | 14 | €884,425 | €884,425 | = | 0.0% |
| Amounts payable | 17/49 | €239,750 | €685,616 | +€445,866 | +186.0% |
| Amounts payable after more than one year | 17 | - | €191,315 | +€191,315 | |
| Financial debts | 170/4 | - | €191,315 | +€191,315 | |
| Amounts payable within one year | 42/48 | €239,474 | €494,242 | +€254,767 | +106.4% |
| Current portion of amounts payable after more than one year | 42 | - | €83,653 | +€83,653 | |
| Trade debts | 44 | €98,044 | €125,286 | +€27,242 | +27.8% |
| Suppliers | 440/4 | €98,044 | €125,286 | +€27,242 | +27.8% |
| Taxes, remuneration and social security | 45 | €96,342 | €255,302 | +€158,961 | +165.0% |
| Taxes | 450/3 | €27,524 | €93,534 | +€66,010 | +239.8% |
| Remuneration and social security | 454/9 | €68,817 | €161,768 | +€92,951 | +135.1% |
| Other amounts payable | 47/48 | €45,089 | €30,000 | -€15,089 | -33.5% |
| Accrued charges and deferred income | 492/3 | €275 | €59 | -€216 | -78.5% |
| Non-recurring operating income | 76A | €5,928 | €1,518 | -€4,410 | -74.4% |
| Remuneration, social security and pensions | 62 | €503,902 | €1,008,895 | +€504,993 | +100.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,894 | €145,265 | +€94,372 | +185.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,926 | -€2,793 | -€11,718 | |
| Other operating charges | 640/8 | €10,542 | €32,922 | +€22,380 | +212.3% |
| Non-recurring operating charges | 66A | €2,959 | €5,032 | +€2,074 | +70.1% |
| Gross operating margin | 9900 | €1,129,452 | €2,006,238 | +€876,787 | +77.6% |
| Operating profit (loss) | 9901 | €552,230 | €816,916 | +€264,686 | +47.9% |
| Financial income | 75/76B | €1,599 | €506 | -€1,092 | -68.3% |
| Recurring financial income | 75 | €1,599 | €506 | -€1,092 | -68.3% |
| Financial charges | 65/66B | €11,522 | €12,911 | +€1,389 | +12.1% |
| Recurring financial charges | 65 | €11,522 | €12,911 | +€1,389 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €542,306 | €804,512 | +€262,205 | +48.4% |
| Income taxes | 67/77 | €138,349 | €253,141 | +€114,792 | +83.0% |
| Profit (loss) for the period | 9904 | €403,957 | €551,371 | +€147,413 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €403,957 | €551,371 | +€147,413 | +36.5% |
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 3 October 2026 via checked.be.