SOM BUILDING PROJECTS: 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 BUILDING PROJECTS
Largest movements
- Stocks and contracts -€3.4m
down €3.4m (-65.0%), from €5.2m to €1.8m
of which Contracts in progress: -€3.1m
- Receivables within one year -€1.1m
down €1.1m (-19.8%), from €5.5m to €4.4m
of which Trade receivables: -€1.9m
- Receivables after one year -€790,809
no longer reported in 2024 (was €790,809)
- Debts after one year -€5.0m
no longer reported in 2024 (was €5.0m)
- Other debts +€2.7m
new in 2024: €2.7m
- Trade debts -€1.5m
down €1.5m (-68.8%), from €2.1m to €663,164
- Short-term financial debts -€1.0m
down €1.0m (-69.4%), from €1.5m to €461,817
- Profit (loss) carried forward -€548,731
down €548,731 (-23.0%), from €2.4m to €1.8m
- Purchases and services -€1.4m
down €1.4m (-64.9%), from €2.1m to €734,912
- Turnover -€1.0m
down €1.0m (-23.4%), from €4.5m to €3.4m
- Gross operating margin -€612,322
down €612,322, from €210,802 to -€401,520
- Financial charges -€103,655
down €103,655 (-38.4%), from €269,899 to €166,243
of which Financial charges: -€98,655
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,740,600 | €6,457,039 | -€5.3m | -45.0% |
| Fixed assets | 21/28 | €242,000 | €242,000 | = | 0.0% |
| Financial fixed assets | 28 | €242,000 | €242,000 | = | 0.0% |
| Current assets | 29/58 | €11,498,600 | €6,215,039 | -€5.3m | -45.9% |
| Amounts receivable after more than one year | 29 | €790,809 | - | -€790,809 | |
| Other amounts receivable | 291 | €790,809 | - | -€790,809 | |
| Stocks and contracts in progress | 3 | €5,155,180 | €1,804,300 | -€3.4m | -65.0% |
| Stocks | 30/36 | €247,324 | - | -€247,324 | |
| Contracts in progress | 37 | €4,907,856 | €1,804,300 | -€3.1m | -63.2% |
| Amounts receivable within one year | 40/41 | €5,496,426 | €4,409,267 | -€1.1m | -19.8% |
| Trade receivables | 40 | €5,332,920 | €3,431,662 | -€1.9m | -35.7% |
| Other amounts receivable | 41 | €163,505 | €977,605 | +€814,099 | +497.9% |
| Cash at bank and in hand | 54/58 | €56,185 | €1,472 | -€54,713 | -97.4% |
| Total equity and liabilities | 10/49 | €11,740,600 | €6,457,039 | -€5.3m | -45.0% |
| Equity | 10/15 | €2,448,653 | €1,899,922 | -€548,731 | -22.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €55,111 | €55,111 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,111 | €55,111 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55,111 | €55,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,387,345 | €1,838,614 | -€548,731 | -23.0% |
| Amounts payable | 17/49 | €9,291,948 | €4,557,117 | -€4.7m | -51.0% |
| Amounts payable after more than one year | 17 | €4,965,790 | - | -€5.0m | |
| Other amounts payable | 178/9 | €4,965,790 | - | -€5.0m | |
| Amounts payable within one year | 42/48 | €4,317,319 | €4,539,463 | +€222,145 | +5.1% |
| Financial debts | 43 | €1,507,487 | €461,817 | -€1.0m | -69.4% |
| Credit institutions | 430/8 | €1,507,487 | €461,817 | -€1.0m | -69.4% |
| Trade debts | 44 | €2,123,035 | €663,164 | -€1.5m | -68.8% |
| Suppliers | 440/4 | €2,123,035 | €663,164 | -€1.5m | -68.8% |
| Advances received on contracts in progress | 46 | €13,000 | - | -€13,000 | |
| Taxes, remuneration and social security | 45 | €673,797 | €676,302 | +€2,505 | +0.4% |
| Taxes | 450/3 | €673,797 | €676,302 | +€2,505 | +0.4% |
| Other amounts payable | 47/48 | - | €2,738,180 | +€2.7m | |
| Accrued charges and deferred income | 492/3 | €8,839 | €17,653 | +€8,814 | +99.7% |
| Turnover | 70 | €4,480,136 | €3,433,345 | -€1.0m | -23.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,091,989 | €734,912 | -€1.4m | -64.9% |
| Other operating charges | 640/8 | €1,026 | €1,115 | +€89 | +8.7% |
| Non-recurring operating charges | 66A | €835 | €292 | -€543 | -65.1% |
| Gross operating margin | 9900 | €210,802 | -€401,520 | -€612,322 | |
| Operating profit (loss) | 9901 | €208,942 | -€402,926 | -€611,868 | |
| Financial income | 75/76B | €22,612 | €20,439 | -€2,172 | -9.6% |
| Recurring financial income | 75 | €22,612 | €20,439 | -€2,172 | -9.6% |
| Financial charges | 65/66B | €269,899 | €166,243 | -€103,655 | -38.4% |
| Recurring financial charges | 65 | €264,899 | €166,243 | -€98,655 | -37.2% |
| Non-recurring financial charges | 66B | €5,000 | - | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | -€38,345 | -€548,731 | -€510,385 | -1331.0% |
| Income taxes | 67/77 | -€368 | - | +€368 | |
| Profit (loss) for the period | 9904 | -€37,977 | -€548,731 | -€510,754 | -1344.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,977 | -€548,731 | -€510,754 | -1344.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.