SOM + ASSAR: 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 + ASSAR
Largest movements
- Current investments -€350,000
down €350,000 (-70.0%), from €500,000 to €150,000
- Cash +€229,324
up €229,324 (+185%), from €123,814 to €353,138
mainly Current investments (+€350,000) and Trade debts (+€15,194)
- Receivables within one year +€8,062
up €8,062 (+31.5%), from €25,593 to €33,655
of which Trade receivables: +€13,377
- Accrued charges and deferred income -€134,306
down €134,306 (-51.2%), from €262,149 to €127,843
- Trade debts +€15,194
up €15,194 (+34.1%), from €44,534 to €59,728
- Purchases and services +€13,065
new in 2025: €13,065
- Taxes +€3,513
up €3,513 (+1,199%), from €293 to €3,806
- Financial income +€3,178
up €3,178 (+40.3%), from €7,893 to €11,071
- Other operating charges -€966
no longer reported in 2025 (was €966)
- Gross operating margin -€534
down €534 (-381%), from -€140 to -€674
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 | €650,472 | €537,371 | -€113,101 | -17.4% |
| Current assets | 29/58 | €650,472 | €537,371 | -€113,101 | -17.4% |
| Amounts receivable within one year | 40/41 | €25,593 | €33,655 | +€8,062 | +31.5% |
| Trade receivables | 40 | €3,986 | €17,363 | +€13,377 | +336% |
| Other amounts receivable | 41 | €21,607 | €16,291 | -€5,315 | -24.6% |
| Current investments | 50/53 | €500,000 | €150,000 | -€350,000 | -70.0% |
| Cash at bank and in hand | 54/58 | €123,814 | €353,138 | +€229,324 | +185% |
| Deferred charges and accrued income | 490/1 | €1,065 | €579 | -€486 | -45.7% |
| Total equity and liabilities | 10/49 | €650,472 | €537,371 | -€113,101 | -17.4% |
| Equity | 10/15 | €343,699 | €349,801 | +€6,102 | +1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €321,699 | €327,801 | +€6,102 | +1.9% |
| Amounts payable | 17/49 | €306,773 | €187,570 | -€119,203 | -38.9% |
| Amounts payable within one year | 42/48 | €44,624 | €59,728 | +€15,104 | +33.8% |
| Trade debts | 44 | €44,534 | €59,728 | +€15,194 | +34.1% |
| Suppliers | 440/4 | €44,534 | €59,728 | +€15,194 | +34.1% |
| Taxes, remuneration and social security | 45 | €90 | - | -€90 | |
| Taxes | 450/3 | €90 | - | -€90 | |
| Accrued charges and deferred income | 492/3 | €262,149 | €127,843 | -€134,306 | -51.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €13,065 | +€13,065 | |
| Other operating charges | 640/8 | €966 | - | -€966 | |
| Gross operating margin | 9900 | -€140 | -€674 | -€534 | -381% |
| Operating profit (loss) | 9901 | -€1,106 | -€674 | +€432 | +39.1% |
| Financial income | 75/76B | €7,893 | €11,071 | +€3,178 | +40.3% |
| Recurring financial income | 75 | €7,893 | €11,071 | +€3,178 | +40.3% |
| Financial charges | 65/66B | €541 | €489 | -€52 | -9.7% |
| Recurring financial charges | 65 | €541 | €489 | -€52 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €6,246 | €9,908 | +€3,662 | +58.6% |
| Income taxes | 67/77 | €293 | €3,806 | +€3,513 | +1,199% |
| Profit (loss) for the period | 9904 | €5,953 | €6,102 | +€149 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,953 | €6,102 | +€149 | +2.5% |
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 23 October 2026 via checked.be.