SOM FACILITIES: 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.
What changed
SOM FACILITIES
NACE 68.121, Development of residential building projects
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€2.2m
2023 · -€762,668-€1.4m
Equity
€3.3m
2023 · €5.8m-€2.5m
Cash
€183,869
2023 · €136,455+€47,415
Balance sheet total
€8.9m
2023 · €13.0m-€4.1m
Largest movements
Assets
- Receivables within one year -€3.4m
down €3.4m (-56.6%), from €6.1m to €2.6m
of which Trade receivables: -€2.5m
- Stocks and contracts -€723,113
down €723,113 (-22.6%), from €3.2m to €2.5m
of which Contracts in progress: -€490,000
Equity and liabilities
- Profit (loss) carried forward -€2.5m
down €2.5m (-44.1%), from €5.7m to €3.2m
- Other debts -€711,436
down €711,436 (-19.5%), from €3.6m to €2.9m
- Trade debts -€461,719
down €461,719 (-50.2%), from €919,653 to €457,935
- Short-term financial debts -€312,290
down €312,290 (-33.9%), from €921,523 to €609,233
Income statement
- Gross operating margin -€2.4m
down €2.4m, from €1.3m to -€1.0m
- Other operating charges -€556,366
down €556,366 (-98.8%), from €563,355 to €6,989
- Financial charges -€249,805
down €249,805 (-53.6%), from €466,205 to €216,400
- Taxes -€42,573
down €42,573 (-9.1%), from €465,547 to €422,974
- Financial income +€40,640
up €40,640 (+122%), from €33,187 to €73,827
of which Non-recurring financial income: +€26,516
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.
Result 2023
-€762,668
Gross operating margin
-€2.4m
Staff costs
+€25,519
Depreciation
+€6,610
Other operating charges
+€556,366
Other operating items
-€4,632
Financial income
+€40,640
Financial charges
+€249,805
Taxes
+€42,573
Result 2024
-€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€761,858
Investment
-€10,697
Financing
-€703,746
Cash 2023
€136,455
From operations (derived)
+€761,858
Net result for the year
-€2.2m
Depreciation
+€53,198
Receivables after one year
-€83,700
Stocks and contracts
+€723,113
Receivables within one year
+€3.4m
Deferred charges and accrued income
+€9,326
Trade debts
-€461,719
Tax, wage and social debts
-€14,910
Other debts
-€711,436
Accrued charges and deferred income
+€5,759
Investment (derived)
-€10,697
Investment in fixed assets (net)
-€10,697
Financing
-€703,746
Debts after one year
-€93,905
Current portion of long-term debt
+€2,448
Short-term financial debts
-€312,290
Contributions, distributions and other
-€300,000
Cash 2024
€183,869
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,019,295 | €8,926,533 | -€4.1m | -31.4% |
| Fixed assets | 21/28 | €2,739,557 | €2,697,055 | -€42,501 | -1.6% |
| Tangible fixed assets | 22/27 | €1,828,492 | €1,801,611 | -€26,881 | -1.5% |
| Land and buildings | 22 | €1,812,402 | €1,766,064 | -€46,337 | -2.6% |
| Plant, machinery and equipment | 23 | €3,287 | €1,727 | -€1,560 | -47.5% |
| Furniture and vehicles | 24 | €9,136 | €19,924 | +€10,788 | +118% |
| Other tangible fixed assets | 26 | €3,667 | €13,895 | +€10,228 | +279% |
| Financial fixed assets | 28 | €911,065 | €895,445 | -€15,620 | -1.7% |
| Current assets | 29/58 | €10,279,738 | €6,229,478 | -€4.1m | -39.4% |
| Amounts receivable after more than one year | 29 | €710,400 | €794,100 | +€83,700 | +11.8% |
| Other amounts receivable | 291 | €710,400 | €794,100 | +€83,700 | +11.8% |
| Stocks and contracts in progress | 3 | €3,206,099 | €2,482,986 | -€723,113 | -22.6% |
| Stocks | 30/36 | €2,716,099 | €2,482,986 | -€233,113 | -8.6% |
| Contracts in progress | 37 | €490,000 | - | -€490,000 | |
| Amounts receivable within one year | 40/41 | €6,090,102 | €2,641,165 | -€3.4m | -56.6% |
| Trade receivables | 40 | €4,208,613 | €1,744,597 | -€2.5m | -58.5% |
| Other amounts receivable | 41 | €1,881,488 | €896,568 | -€984,920 | -52.3% |
| Cash at bank and in hand | 54/58 | €136,455 | €183,869 | +€47,415 | +34.7% |
| Deferred charges and accrued income | 490/1 | €136,684 | €127,357 | -€9,326 | -6.8% |
| Total equity and liabilities | 10/49 | €13,019,295 | €8,926,533 | -€4.1m | -31.4% |
| Equity | 10/15 | €5,776,214 | €3,269,503 | -€2.5m | -43.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €30,026 | €30,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,026 | €30,026 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,826 | €23,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,684,188 | €3,177,477 | -€2.5m | -44.1% |
| Amounts payable | 17/49 | €7,243,081 | €5,657,030 | -€1.6m | -21.9% |
| Amounts payable after more than one year | 17 | €1,252,574 | €1,158,669 | -€93,905 | -7.5% |
| Financial debts | 170/4 | €1,252,574 | €1,158,669 | -€93,905 | -7.5% |
| Amounts payable within one year | 42/48 | €5,988,429 | €4,490,524 | -€1.5m | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €91,456 | €93,905 | +€2,448 | +2.7% |
| Financial debts | 43 | €921,523 | €609,233 | -€312,290 | -33.9% |
| Credit institutions | 430/8 | €921,523 | €609,233 | -€312,290 | -33.9% |
| Trade debts | 44 | €919,653 | €457,935 | -€461,719 | -50.2% |
| Suppliers | 440/4 | €919,653 | €457,935 | -€461,719 | -50.2% |
| Taxes, remuneration and social security | 45 | €410,211 | €395,301 | -€14,910 | -3.6% |
| Taxes | 450/3 | €334,931 | €333,073 | -€1,858 | -0.6% |
| Remuneration and social security | 454/9 | €75,280 | €62,228 | -€13,052 | -17.3% |
| Other amounts payable | 47/48 | €3,645,586 | €2,934,150 | -€711,436 | -19.5% |
| Accrued charges and deferred income | 492/3 | €2,078 | €7,837 | +€5,759 | +277% |
| Non-recurring operating income | 76A | - | €38 | +€38 | |
| Remuneration, social security and pensions | 62 | €560,207 | €534,687 | -€25,519 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,808 | €53,198 | -€6,610 | -11.1% |
| Other operating charges | 640/8 | €563,355 | €6,989 | -€556,366 | -98.8% |
| Non-recurring operating charges | 66A | €11,153 | €15,785 | +€4,632 | +41.5% |
| Gross operating margin | 9900 | €1,330,420 | -€1,030,505 | -€2.4m | |
| Operating profit (loss) | 9901 | €135,897 | -€1,641,165 | -€1.8m | |
| Financial income | 75/76B | €33,187 | €73,827 | +€40,640 | +122% |
| Recurring financial income | 75 | €33,187 | €47,311 | +€14,124 | +42.6% |
| Non-recurring financial income | 76B | - | €26,516 | +€26,516 | |
| Financial charges | 65/66B | €466,205 | €216,400 | -€249,805 | -53.6% |
| Recurring financial charges | 65 | €466,205 | €216,400 | -€249,805 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | -€297,120 | -€1,783,737 | -€1.5m | -500% |
| Income taxes | 67/77 | €465,547 | €422,974 | -€42,573 | -9.1% |
| Profit (loss) for the period | 9904 | -€762,668 | -€2,206,711 | -€1.4m | -189% |
| Profit (loss) for the period to be appropriated | 9905 | -€762,668 | -€2,206,711 | -€1.4m | -189% |
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 15 October 2026 via checked.be.