SOM DEVELOPMENT: what changed
Two fiscal 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 DEVELOPMENT
Largest movements
- Receivables after one year +€1.0m
new in 2025: €1.0m
- Receivables within one year -€514,601
down €514,601 (-32.4%), from €1.6m to €1.1m
of which Other amounts receivable: -€931,747
- Advances received +€439,739
new in 2025: €439,739
- Debts after one year +€317,048
new in 2025: €317,048
- Tax, wage and social debts -€193,481
down €193,481 (-42.1%), from €459,559 to €266,078
- Other debts -€107,576
down €107,576 (-53.6%), from €200,793 to €93,216
- Profit (loss) carried forward +€37,664
up €37,664 (+8.6%), from €435,841 to €473,505
- Financial income +€70,701
up €70,701 (+1067.3%), from €6,624 to €77,326
- Write-downs +€13,388
new in 2025: €13,388
- Financial charges +€7,648
up €7,648 (+642.8%), from €1,190 to €8,837
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,594,158 | €3,087,058 | +€492,900 | +19.0% |
| Current assets | 29/58 | €2,594,158 | €3,087,058 | +€492,900 | +19.0% |
| Amounts receivable after more than one year | 29 | - | €1,011,901 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,011,901 | +€1.0m | |
| Stocks and contracts in progress | 3 | €1,004,300 | €1,000,000 | -€4,300 | -0.4% |
| Stocks | 30/36 | €1,000,000 | €1,000,000 | = | 0.0% |
| Contracts in progress | 37 | €4,300 | - | -€4,300 | |
| Amounts receivable within one year | 40/41 | €1,589,705 | €1,075,105 | -€514,601 | -32.4% |
| Trade receivables | 40 | - | €417,146 | +€417,146 | |
| Other amounts receivable | 41 | €1,589,705 | €657,959 | -€931,747 | -58.6% |
| Cash at bank and in hand | 54/58 | €17 | €52 | +€35 | +205.1% |
| Deferred charges and accrued income | 490/1 | €135 | - | -€135 | |
| Total equity and liabilities | 10/49 | €2,594,158 | €3,087,058 | +€492,900 | +19.0% |
| Equity | 10/15 | €776,835 | €814,499 | +€37,664 | +4.8% |
| Contributions | 10/11 | €111,800 | €111,800 | = | 0.0% |
| Reserves | 13 | €229,194 | €229,194 | = | 0.0% |
| Distributable reserves | 133 | €229,194 | €229,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €435,841 | €473,505 | +€37,664 | +8.6% |
| Amounts payable | 17/49 | €1,817,323 | €2,272,559 | +€455,236 | +25.0% |
| Amounts payable after more than one year | 17 | - | €317,048 | +€317,048 | |
| Other amounts payable | 178/9 | - | €317,048 | +€317,048 | |
| Amounts payable within one year | 42/48 | €1,817,266 | €1,955,391 | +€138,125 | +7.6% |
| Trade debts | 44 | €1,156,915 | €1,156,358 | -€557 | 0.0% |
| Suppliers | 440/4 | €1,156,915 | €1,156,358 | -€557 | 0.0% |
| Advances received on contracts in progress | 46 | - | €439,739 | +€439,739 | |
| Taxes, remuneration and social security | 45 | €459,559 | €266,078 | -€193,481 | -42.1% |
| Taxes | 450/3 | €459,559 | €266,078 | -€193,481 | -42.1% |
| Other amounts payable | 47/48 | €200,793 | €93,216 | -€107,576 | -53.6% |
| Accrued charges and deferred income | 492/3 | €57 | €119 | +€63 | +109.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,388 | +€13,388 | |
| Other operating charges | 640/8 | €1,115 | €1,060 | -€54 | -4.9% |
| Gross operating margin | 9900 | -€16,290 | -€16,375 | -€86 | -0.5% |
| Operating profit (loss) | 9901 | -€17,404 | -€30,824 | -€13,420 | -77.1% |
| Financial income | 75/76B | €6,624 | €77,326 | +€70,701 | +1067.3% |
| Recurring financial income | 75 | €6,624 | €77,326 | +€70,701 | +1067.3% |
| Financial charges | 65/66B | €1,190 | €8,837 | +€7,648 | +642.8% |
| Recurring financial charges | 65 | €1,190 | €8,837 | +€7,648 | +642.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,970 | €37,664 | +€49,634 | |
| Profit (loss) for the period | 9904 | -€11,970 | €37,664 | +€49,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,970 | €37,664 | +€49,634 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.