SAMVANINVEST: 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.
SAMVANINVEST
Largest movements
- Cash -€140,433
down €140,433 (-96.5%), from €145,578 to €5,144
mainly Receivables within one year (-€40,896) and Other debts (-€40,000)
- Tangible fixed assets -€41,680
down €41,680 (-5.3%), from €785,009 to €743,328
of which Land and buildings: -€37,203
- Receivables within one year +€40,896
up €40,896 (+7.6%), from €534,740 to €575,636
of which Other amounts receivable: +€78,362
- Other debts -€40,000
no longer reported in 2025 (was €40,000)
- Trade debts -€35,090
down €35,090 (-68.6%), from €51,164 to €16,074
of which Suppliers: -€34,784
- Reserves -€31,807
down €31,807 (-3.7%), from €871,040 to €839,233
of which Distributable reserves: -€24,482
- Debts after one year -€17,515
down €17,515 (-5.8%), from €303,506 to €285,990
- Tax, wage and social debts -€15,542
down €15,542 (-98.4%), from €15,795 to €254
- Gross operating margin +€38,121
up €38,121 (+62.3%), from -€61,192 to -€23,071
- Depreciation -€22,448
down €22,448 (-52.4%), from €42,828 to €20,380
- Financial charges +€2,978
up €2,978 (+21.5%), from €13,849 to €16,827
- Other operating charges -€2,922
down €2,922 (-60.1%), from €4,861 to €1,940
- Financial income -€1,803
down €1,803 (-5.9%), from €30,644 to €28,841
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 | €1,465,326 | €1,324,307 | -€141,020 | -9.6% |
| Fixed assets | 21/28 | €785,009 | €743,328 | -€41,680 | -5.3% |
| Tangible fixed assets | 22/27 | €785,009 | €743,328 | -€41,680 | -5.3% |
| Land and buildings | 22 | €766,442 | €729,239 | -€37,203 | -4.9% |
| Plant, machinery and equipment | 23 | €9,671 | €7,315 | -€2,356 | -24.4% |
| Furniture and vehicles | 24 | €8,896 | €6,774 | -€2,122 | -23.9% |
| Current assets | 29/58 | €680,317 | €580,978 | -€99,339 | -14.6% |
| Amounts receivable within one year | 40/41 | €534,740 | €575,636 | +€40,896 | +7.6% |
| Trade receivables | 40 | €37,467 | - | -€37,467 | |
| Other amounts receivable | 41 | €497,273 | €575,636 | +€78,362 | +15.8% |
| Cash at bank and in hand | 54/58 | €145,578 | €5,144 | -€140,433 | -96.5% |
| Deferred charges and accrued income | 490/1 | - | €198 | +€198 | |
| Total equity and liabilities | 10/49 | €1,465,326 | €1,324,307 | -€141,020 | -9.6% |
| Equity | 10/15 | €893,040 | €861,233 | -€31,807 | -3.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €871,040 | €839,233 | -€31,807 | -3.7% |
| Tax-exempt reserves | 132 | €619,284 | €611,960 | -€7,324 | -1.2% |
| Distributable reserves | 133 | €251,755 | €227,273 | -€24,482 | -9.7% |
| Provisions and deferred taxes | 16 | €145,071 | €143,240 | -€1,831 | -1.3% |
| Deferred taxes | 168 | €145,071 | €143,240 | -€1,831 | -1.3% |
| Amounts payable | 17/49 | €427,216 | €319,834 | -€107,382 | -25.1% |
| Amounts payable after more than one year | 17 | €303,506 | €285,990 | -€17,515 | -5.8% |
| Financial debts | 170/4 | €303,506 | €285,990 | -€17,515 | -5.8% |
| Amounts payable within one year | 42/48 | €123,710 | €33,843 | -€89,866 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €16,750 | €17,515 | +€765 | +4.6% |
| Trade debts | 44 | €51,164 | €16,074 | -€35,090 | -68.6% |
| Suppliers | 440/4 | €50,858 | €16,074 | -€34,784 | -68.4% |
| Bills of exchange payable | 441 | €306 | - | -€306 | |
| Taxes, remuneration and social security | 45 | €15,795 | €254 | -€15,542 | -98.4% |
| Taxes | 450/3 | €15,795 | €254 | -€15,542 | -98.4% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,828 | €20,380 | -€22,448 | -52.4% |
| Other operating charges | 640/8 | €4,861 | €1,940 | -€2,922 | -60.1% |
| Gross operating margin | 9900 | -€61,192 | -€23,071 | +€38,121 | +62.3% |
| Operating profit (loss) | 9901 | -€108,882 | -€45,391 | +€63,491 | +58.3% |
| Financial income | 75/76B | €30,644 | €28,841 | -€1,803 | -5.9% |
| Recurring financial income | 75 | €30,644 | €28,841 | -€1,803 | -5.9% |
| Financial charges | 65/66B | €13,849 | €16,827 | +€2,978 | +21.5% |
| Recurring financial charges | 65 | €13,849 | €16,827 | +€2,978 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€92,087 | -€33,377 | +€58,709 | +63.8% |
| Transfer from deferred taxes | 780 | €1,224 | €1,831 | +€607 | +49.6% |
| Income taxes | 67/77 | €153 | €260 | +€107 | +70.3% |
| Profit (loss) for the period | 9904 | -€91,016 | -€31,807 | +€59,209 | +65.1% |
| Transfer from tax-exempt reserves | 789 | €4,895 | €7,324 | +€2,430 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,121 | -€24,482 | +€61,639 | +71.6% |
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 26 October 2026 via checked.be.