SOM DESIGN: 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 DESIGN
Largest movements
- Receivables within one year -€26,145
down €26,145 (-14.4%), from €181,423 to €155,278
of which Trade receivables: -€25,752
- Stocks and contracts -€20,443
down €20,443 (-27.0%), from €75,717 to €55,273
- Short-term financial debts +€105,000
up €105,000 (+300%), from €35,000 to €140,000
- Trade debts -€71,545
down €71,545 (-63.5%), from €112,585 to €41,040
- Reserves -€42,498
down €42,498 (-10.8%), from €394,408 to €351,911
of which Tax-exempt reserves: -€76,552
- Provisions -€39,418
no longer reported in 2025 (was €39,418)
- Other debts +€20,514
up €20,514 (+51.0%), from €40,250 to €60,764
- Gross operating margin -€65,556
down €65,556, from €26,439 to -€39,116
- Depreciation -€24,696
down €24,696 (-53.0%), from €46,626 to €21,930
- Financial income -€4,672
down €4,672 (-99.4%), from €4,702 to €30
- Financial charges -€1,921
down €1,921 (-11.2%), from €17,122 to €15,201
- Other operating charges +€841
up €841 (+17.3%), from €4,857 to €5,698
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 | €1,068,125 | €1,028,799 | -€39,326 | -3.7% |
| Fixed assets | 21/28 | €799,406 | €798,293 | -€1,113 | -0.1% |
| Tangible fixed assets | 22/27 | €798,705 | €797,592 | -€1,113 | -0.1% |
| Land and buildings | 22 | €798,599 | €797,592 | -€1,007 | -0.1% |
| Furniture and vehicles | 24 | €106 | - | -€106 | |
| Financial fixed assets | 28 | €701 | €701 | = | 0.0% |
| Current assets | 29/58 | €268,719 | €230,506 | -€38,213 | -14.2% |
| Stocks and contracts in progress | 3 | €75,717 | €55,273 | -€20,443 | -27.0% |
| Stocks | 30/36 | €75,717 | €55,273 | -€20,443 | -27.0% |
| Amounts receivable within one year | 40/41 | €181,423 | €155,278 | -€26,145 | -14.4% |
| Trade receivables | 40 | €78,312 | €52,560 | -€25,752 | -32.9% |
| Other amounts receivable | 41 | €103,111 | €102,718 | -€393 | -0.4% |
| Cash at bank and in hand | 54/58 | €7,325 | €17,655 | +€10,330 | +141% |
| Deferred charges and accrued income | 490/1 | €4,255 | €2,300 | -€1,955 | -45.9% |
| Total equity and liabilities | 10/49 | €1,068,125 | €1,028,799 | -€39,326 | -3.7% |
| Equity | 10/15 | €413,000 | €370,503 | -€42,498 | -10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €394,408 | €351,911 | -€42,498 | -10.8% |
| Tax-exempt reserves | 132 | €76,552 | - | -€76,552 | |
| Distributable reserves | 133 | €317,856 | €351,911 | +€34,055 | +10.7% |
| Provisions and deferred taxes | 16 | €39,418 | - | -€39,418 | |
| Deferred taxes | 168 | €39,418 | - | -€39,418 | |
| Amounts payable | 17/49 | €615,706 | €658,297 | +€42,590 | +6.9% |
| Amounts payable after more than one year | 17 | €366,593 | €356,757 | -€9,836 | -2.7% |
| Financial debts | 170/4 | €366,593 | €356,757 | -€9,836 | -2.7% |
| Amounts payable within one year | 42/48 | €249,114 | €301,189 | +€52,076 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €53,106 | €45,470 | -€7,637 | -14.4% |
| Financial debts | 43 | €35,000 | €140,000 | +€105,000 | +300% |
| Credit institutions | 430/8 | €35,000 | €140,000 | +€105,000 | +300% |
| Trade debts | 44 | €112,585 | €41,040 | -€71,545 | -63.5% |
| Suppliers | 440/4 | €112,585 | €41,040 | -€71,545 | -63.5% |
| Taxes, remuneration and social security | 45 | €8,173 | €13,916 | +€5,743 | +70.3% |
| Taxes | 450/3 | €3,673 | €1,916 | -€1,757 | -47.8% |
| Remuneration and social security | 454/9 | €4,500 | €12,000 | +€7,500 | +167% |
| Other amounts payable | 47/48 | €40,250 | €60,764 | +€20,514 | +51.0% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Non-recurring operating income | 76A | €41,322 | €10,300 | -€31,022 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,626 | €21,930 | -€24,696 | -53.0% |
| Other operating charges | 640/8 | €4,857 | €5,698 | +€841 | +17.3% |
| Gross operating margin | 9900 | €26,439 | -€39,116 | -€65,556 | |
| Operating profit (loss) | 9901 | -€25,044 | -€66,745 | -€41,700 | -167% |
| Financial income | 75/76B | €4,702 | €30 | -€4,672 | -99.4% |
| Recurring financial income | 75 | €4,702 | €30 | -€4,672 | -99.4% |
| Financial charges | 65/66B | €17,122 | €15,201 | -€1,921 | -11.2% |
| Recurring financial charges | 65 | €17,122 | €15,201 | -€1,921 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,464 | -€81,916 | -€44,452 | -119% |
| Transfer from deferred taxes | 780 | €3,310 | €39,418 | +€36,109 | +1,091% |
| Income taxes | 67/77 | €382 | - | -€382 | |
| Profit (loss) for the period | 9904 | -€34,537 | -€42,498 | -€7,961 | -23.1% |
| Transfer from tax-exempt reserves | 789 | €6,427 | €76,552 | +€70,125 | +1,091% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,109 | €34,055 | +€62,164 |
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 16 October 2026 via checked.be.