SOM: 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.
SOM
Largest movements
- Current investments -€62,793
down €62,793 (-59.1%), from €106,259 to €43,466
- Receivables within one year -€16,507
down €16,507 (-25.0%), from €65,974 to €49,467
of which Other amounts receivable: -€39,098
- Tangible fixed assets -€13,651
down €13,651 (-1.6%), from €860,925 to €847,274
of which Land and buildings: -€27,188
- Current portion of long-term debt -€19,610
down €19,610 (-25.2%), from €77,805 to €58,195
- Trade debts -€18,854
down €18,854 (-31.4%), from €60,049 to €41,195
- Profit (loss) carried forward -€16,864
down €16,864 (-12.4%), from €136,055 to €119,192
- Debts after one year -€15,954
down €15,954 (-2.4%), from €658,007 to €642,053
of which Financial debts: -€11,243
- Financial charges -€20,397
down €20,397 (-22.8%), from €89,612 to €69,215
of which Financial charges: -€15,073
- Financial income -€5,679
down €5,679 (-32.6%), from €17,405 to €11,727
- Other operating charges +€5,137
up €5,137 (+54.7%), from €9,383 to €14,519
- Gross operating margin +€3,018
up €3,018 (+3.2%), from €95,605 to €98,624
- Depreciation +€2,714
up €2,714 (+8.9%), from €30,587 to €33,301
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 | €1,034,146 | €952,071 | -€82,075 | -7.9% |
| Fixed assets | 21/28 | €860,925 | €847,274 | -€13,651 | -1.6% |
| Tangible fixed assets | 22/27 | €860,925 | €847,274 | -€13,651 | -1.6% |
| Land and buildings | 22 | €811,666 | €784,478 | -€27,188 | -3.3% |
| Plant, machinery and equipment | 23 | €14,155 | €28,901 | +€14,746 | +104% |
| Furniture and vehicles | 24 | €1,998 | €1,998 | +€0 | 0.0% |
| Leasing and similar rights | 25 | - | €1,427 | +€1,427 | |
| Other tangible fixed assets | 26 | €33,105 | €30,469 | -€2,637 | -8.0% |
| Current assets | 29/58 | €173,221 | €104,797 | -€68,424 | -39.5% |
| Amounts receivable within one year | 40/41 | €65,974 | €49,467 | -€16,507 | -25.0% |
| Trade receivables | 40 | €26,876 | €49,467 | +€22,591 | +84.1% |
| Other amounts receivable | 41 | €39,098 | - | -€39,098 | |
| Current investments | 50/53 | €106,259 | €43,466 | -€62,793 | -59.1% |
| Cash at bank and in hand | 54/58 | €988 | €9,248 | +€8,260 | +836% |
| Deferred charges and accrued income | 490/1 | - | €2,616 | +€2,616 | |
| Total equity and liabilities | 10/49 | €1,034,146 | €952,071 | -€82,075 | -7.9% |
| Equity | 10/15 | €183,455 | €166,592 | -€16,864 | -9.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | €7,000 | €7,000 | = | 0.0% |
| Other | 1109/19 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €40,400 | €40,400 | = | 0.0% |
| Distributable reserves | 133 | €40,400 | €40,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,055 | €119,192 | -€16,864 | -12.4% |
| Amounts payable | 17/49 | €850,691 | €785,479 | -€65,212 | -7.7% |
| Amounts payable after more than one year | 17 | €658,007 | €642,053 | -€15,954 | -2.4% |
| Financial debts | 170/4 | €579,357 | €568,114 | -€11,243 | -1.9% |
| Other amounts payable | 178/9 | €78,650 | €73,939 | -€4,711 | -6.0% |
| Amounts payable within one year | 42/48 | €192,313 | €143,427 | -€48,886 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €77,805 | €58,195 | -€19,610 | -25.2% |
| Financial debts | 43 | €389 | - | -€389 | |
| Credit institutions | 430/8 | €389 | - | -€389 | |
| Trade debts | 44 | €60,049 | €41,195 | -€18,854 | -31.4% |
| Suppliers | 440/4 | €60,049 | €41,195 | -€18,854 | -31.4% |
| Taxes, remuneration and social security | 45 | €48,496 | €44,037 | -€4,459 | -9.2% |
| Taxes | 450/3 | €48,496 | €44,037 | -€4,459 | -9.2% |
| Other amounts payable | 47/48 | €5,574 | - | -€5,574 | |
| Accrued charges and deferred income | 492/3 | €371 | - | -€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,587 | €33,301 | +€2,714 | +8.9% |
| Other operating charges | 640/8 | €9,383 | €14,519 | +€5,137 | +54.7% |
| Gross operating margin | 9900 | €95,605 | €98,624 | +€3,018 | +3.2% |
| Operating profit (loss) | 9901 | €55,636 | €50,803 | -€4,833 | -8.7% |
| Financial income | 75/76B | €17,405 | €11,727 | -€5,679 | -32.6% |
| Recurring financial income | 75 | €17,405 | €11,727 | -€5,679 | -32.6% |
| Financial charges | 65/66B | €89,612 | €69,215 | -€20,397 | -22.8% |
| Recurring financial charges | 65 | €84,288 | €69,215 | -€15,073 | -17.9% |
| Non-recurring financial charges | 66B | €5,324 | - | -€5,324 | |
| Profit (loss) for the period before taxes | 9903 | -€16,571 | -€6,685 | +€9,886 | +59.7% |
| Income taxes | 67/77 | €9,174 | €10,179 | +€1,005 | +11.0% |
| Profit (loss) for the period | 9904 | -€25,745 | -€16,864 | +€8,882 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,745 | -€16,864 | +€8,882 | +34.5% |
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.