SAMUELIA: 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.
SAMUELIA
Largest movements
- Receivables within one year +€58,929
up €58,929 (+168.5%), from €34,968 to €93,897
- Intangible fixed assets -€50,000
down €50,000 (-95.1%), from €52,603 to €2,603
- Cash +€38,118
up €38,118 (+630.1%), from €6,049 to €44,168
mainly Net result for the year (+€65,008) and Depreciation (+€64,437)
- Reserves +€65,008
up €65,008 (+155.4%), from €41,829 to €106,837
- Current portion of long-term debt -€38,189
down €38,189 (-64.9%), from €58,847 to €20,658
- Tax, wage and social debts +€29,641
new in 2025: €29,641
- Debts after one year -€20,843
down €20,843 (-15.0%), from €138,952 to €118,109
- Trade debts +€10,376
up €10,376 (+1886.6%), from €550 to €10,926
- Gross operating margin +€45,489
up €45,489 (+41.4%), from €109,957 to €155,446
- Taxes +€15,922
up €15,922 (+277.2%), from €5,744 to €21,666
- Financial income +€3,408
new in 2025: €3,408
- Financial charges -€2,342
down €2,342 (-24.8%), from €9,432 to €7,090
- Depreciation +€1,800
up €1,800 (+2.9%), from €62,636 to €64,437
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 | €242,179 | €288,173 | +€45,994 | +19.0% |
| Fixed assets | 21/28 | €201,161 | €150,108 | -€51,054 | -25.4% |
| Intangible fixed assets | 21 | €52,603 | €2,603 | -€50,000 | -95.1% |
| Tangible fixed assets | 22/27 | €148,559 | €147,505 | -€1,054 | -0.7% |
| Land and buildings | 22 | €143,347 | €143,668 | +€321 | +0.2% |
| Plant, machinery and equipment | 23 | €2,998 | €3,442 | +€444 | +14.8% |
| Furniture and vehicles | 24 | €2,214 | €395 | -€1,819 | -82.2% |
| Current assets | 29/58 | €41,018 | €138,065 | +€97,047 | +236.6% |
| Amounts receivable within one year | 40/41 | €34,968 | €93,897 | +€58,929 | +168.5% |
| Other amounts receivable | 41 | €34,968 | €93,897 | +€58,929 | +168.5% |
| Cash at bank and in hand | 54/58 | €6,049 | €44,168 | +€38,118 | +630.1% |
| Total equity and liabilities | 10/49 | €242,179 | €288,173 | +€45,994 | +19.0% |
| Equity | 10/15 | €43,829 | €108,837 | +€65,008 | +148.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,829 | €106,837 | +€65,008 | +155.4% |
| Distributable reserves | 133 | €41,829 | €106,837 | +€65,008 | +155.4% |
| Amounts payable | 17/49 | €198,350 | €179,336 | -€19,014 | -9.6% |
| Amounts payable after more than one year | 17 | €138,952 | €118,109 | -€20,843 | -15.0% |
| Financial debts | 170/4 | €138,952 | €118,109 | -€20,843 | -15.0% |
| Amounts payable within one year | 42/48 | €59,397 | €61,226 | +€1,829 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €58,847 | €20,658 | -€38,189 | -64.9% |
| Trade debts | 44 | €550 | €10,926 | +€10,376 | +1886.6% |
| Suppliers | 440/4 | €550 | €10,926 | +€10,376 | +1886.6% |
| Taxes, remuneration and social security | 45 | - | €29,641 | +€29,641 | |
| Taxes | 450/3 | - | €29,641 | +€29,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,636 | €64,437 | +€1,800 | +2.9% |
| Other operating charges | 640/8 | €2,215 | €654 | -€1,560 | -70.5% |
| Gross operating margin | 9900 | €109,957 | €155,446 | +€45,489 | +41.4% |
| Operating profit (loss) | 9901 | €45,106 | €90,355 | +€45,249 | +100.3% |
| Financial income | 75/76B | - | €3,408 | +€3,408 | |
| Recurring financial income | 75 | - | €3,408 | +€3,408 | |
| Financial charges | 65/66B | €9,432 | €7,090 | -€2,342 | -24.8% |
| Recurring financial charges | 65 | €9,432 | €7,090 | -€2,342 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €35,674 | €86,673 | +€50,999 | +143.0% |
| Income taxes | 67/77 | €5,744 | €21,666 | +€15,922 | +277.2% |
| Profit (loss) for the period | 9904 | €29,930 | €65,008 | +€35,078 | +117.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,930 | €65,008 | +€35,078 | +117.2% |
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 2 October 2026 via checked.be.