Sametal: 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.
What changed
Sametal
NACE 46.872, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€470,189-€1.1m
Equity
-€1.1m
2024 · €406,465-€1.5m
Cash
€2,660
2024 · €2,000+€660
Balance sheet total
€1.1m
2024 · €2.2m-€1.1m
Largest movements
Assets
- Stocks and contracts -€778,491
down €778,491 (-67.2%), from €1.2m to €379,686
- Receivables within one year -€256,797
down €256,797 (-76.8%), from €334,257 to €77,459
of which Trade receivables: -€208,299
- Tangible fixed assets -€131,115
down €131,115 (-20.0%), from €656,467 to €525,352
Equity and liabilities
- Profit (loss) carried forward -€1.3m
down €1.3m, from €46,465 to -€1.2m
- Debts after one year +€1.2m
up €1.2m (+2710.7%), from €45,840 to €1.3m
of which Other amounts payable: +€1.3m
- Other debts -€843,737
down €843,737 (-78.9%), from €1.1m to €225,822
- Reserves -€250,000
down €250,000 (-96.2%), from €260,000 to €10,000
of which Distributable reserves: -€250,000
- Accrued charges and deferred income -€75,294
down €75,294 (-100.0%), from €75,294 to €0
Income statement
- Staff costs +€120,292
up €120,292 (+38.8%), from €310,320 to €430,612
- Write-downs +€106,366
up €106,366 (+7879.0%), from €1,350 to €107,716
- Gross operating margin +€89,326
up €89,326 (+98.1%), from €91,014 to €180,340
- Other operating charges +€51,912
up €51,912 (+379.7%), from €13,672 to €65,584
- Provisions +€50,000
new in 2025: €50,000
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.
Result 2024
-€470,189
Gross operating margin
+€89,326
Staff costs
-€120,292
Depreciation
+€2,497
Write-downs
-€106,366
Provisions
-€50,000
Other operating charges
-€51,912
Other operating items
-€862,258
Financial income
-€14,000
Financial charges
+€43,082
Taxes
+€40
Result 2025
-€1.5m
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.
From operations
-€1.2m
Investment
-€78,107
Financing
+€1.2m
Cash 2024
€2,000
From operations (derived)
-€1.2m
Net result for the year
-€1.5m
Depreciation
+€184,828
Stocks and contracts
+€778,491
Receivables within one year
+€256,797
Smaller working-capital items
+€1,742
Provisions
+€50,000
Tax, wage and social debts
+€25,633
Other debts
-€843,737
Accrued charges and deferred income
-€75,294
Investment (derived)
-€78,107
Investment in fixed assets (net)
-€78,107
Financing
+€1.2m
Debts after one year
+€1.2m
Current portion of long-term debt
-€2,189
Cash 2025
€2,660
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,201,900 | €1,059,292 | -€1.1m | -51.9% |
| Fixed assets | 21/28 | €693,569 | €586,848 | -€106,721 | -15.4% |
| Intangible fixed assets | 21 | €2,197 | €23,126 | +€20,929 | +952.6% |
| Tangible fixed assets | 22/27 | €656,467 | €525,352 | -€131,115 | -20.0% |
| Land and buildings | 22 | €3,396 | €271 | -€3,124 | -92.0% |
| Plant, machinery and equipment | 23 | €393,024 | €327,477 | -€65,547 | -16.7% |
| Furniture and vehicles | 24 | €156,822 | €113,752 | -€43,069 | -27.5% |
| Leasing and similar rights | 25 | €103,226 | €83,851 | -€19,375 | -18.8% |
| Financial fixed assets | 28 | €34,905 | €38,370 | +€3,465 | +9.9% |
| Current assets | 29/58 | €1,508,331 | €472,444 | -€1.0m | -68.7% |
| Stocks and contracts in progress | 3 | €1,158,177 | €379,686 | -€778,491 | -67.2% |
| Stocks | 30/36 | €1,158,177 | €379,686 | -€778,491 | -67.2% |
| Amounts receivable within one year | 40/41 | €334,257 | €77,459 | -€256,797 | -76.8% |
| Trade receivables | 40 | €276,849 | €68,550 | -€208,299 | -75.2% |
| Other amounts receivable | 41 | €57,408 | €8,909 | -€48,499 | -84.5% |
| Cash at bank and in hand | 54/58 | €2,000 | €2,660 | +€660 | +33.0% |
| Deferred charges and accrued income | 490/1 | €13,897 | €12,639 | -€1,258 | -9.1% |
| Total equity and liabilities | 10/49 | €2,201,900 | €1,059,292 | -€1.1m | -51.9% |
| Equity | 10/15 | €406,465 | -€1,133,606 | -€1.5m | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €260,000 | €10,000 | -€250,000 | -96.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €0 | -€250,000 | -100.0% |
| Profit (loss) carried forward | 14 | €46,465 | -€1,243,606 | -€1.3m | |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Environmental obligations | 163 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €1,795,435 | €2,142,898 | +€347,463 | +19.4% |
| Amounts payable after more than one year | 17 | €45,840 | €1,288,406 | +€1.2m | +2710.7% |
| Financial debts | 170/4 | €45,840 | €9,406 | -€36,434 | -79.5% |
| Other amounts payable | 178/9 | - | €1,279,000 | +€1.3m | |
| Amounts payable within one year | 42/48 | €1,674,302 | €854,492 | -€819,810 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €38,623 | €36,434 | -€2,189 | -5.7% |
| Trade debts | 44 | €527,804 | €528,288 | +€484 | +0.1% |
| Suppliers | 440/4 | €527,804 | €528,288 | +€484 | +0.1% |
| Taxes, remuneration and social security | 45 | €38,315 | €63,948 | +€25,633 | +66.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €38,315 | €63,948 | +€25,633 | +66.9% |
| Other amounts payable | 47/48 | €1,069,560 | €225,822 | -€843,737 | -78.9% |
| Accrued charges and deferred income | 492/3 | €75,294 | €0 | -€75,294 | -100.0% |
| Non-recurring operating income | 76A | €185 | €75,415 | +€75,229 | +40561.3% |
| Remuneration, social security and pensions | 62 | €310,320 | €430,612 | +€120,292 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,325 | €184,828 | -€2,497 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,350 | €107,716 | +€106,366 | +7879.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €13,672 | €65,584 | +€51,912 | +379.7% |
| Non-recurring operating charges | 66A | €14,332 | €876,590 | +€862,258 | +6016.2% |
| Gross operating margin | 9900 | €91,014 | €180,340 | +€89,326 | +98.1% |
| Operating profit (loss) | 9901 | -€435,986 | -€1,534,991 | -€1.1m | -252.1% |
| Financial income | 75/76B | €14,000 | €0 | -€14,000 | -100.0% |
| Recurring financial income | 75 | €14,000 | €0 | -€14,000 | -100.0% |
| Non-recurring financial income | 76B | €14,000 | €0 | -€14,000 | -100.0% |
| Financial charges | 65/66B | €48,162 | €5,080 | -€43,082 | -89.5% |
| Recurring financial charges | 65 | €44,181 | €2,972 | -€41,209 | -93.3% |
| Non-recurring financial charges | 66B | €3,981 | €2,108 | -€1,873 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€470,149 | -€1,540,071 | -€1.1m | -227.6% |
| Income taxes | 67/77 | €40 | €0 | -€40 | -100.0% |
| Profit (loss) for the period | 9904 | -€470,189 | -€1,540,071 | -€1.1m | -227.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€470,189 | -€1,540,071 | -€1.1m | -227.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.