SOM Properties: 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 Properties
Largest movements
- Stocks and contracts -€4.5m
no longer reported in 2025 (was €4.5m)
- Receivables within one year +€190,766
up €190,766 (+30.4%), from €626,926 to €817,692
of which Other amounts receivable: +€530,192
- Advances received -€3.2m
no longer reported in 2025 (was €3.2m)
- Trade debts -€822,465
down €822,465 (-87.0%), from €945,751 to €123,286
- Short-term financial debts -€338,703
no longer reported in 2025 (was €338,703)
- Other debts +€228,362
up €228,362 (+69.6%), from €328,245 to €556,607
- Tax, wage and social debts -€197,550
down €197,550 (-92.6%), from €213,289 to €15,738
- Gross operating margin +€601,479
up €601,479, from -€855 to €600,624
- Taxes +€17,683
up €17,683, from -€1,945 to €15,738
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 | €5,125,488 | €831,536 | -€4.3m | -83.8% |
| Current assets | 29/58 | €5,125,488 | €831,536 | -€4.3m | -83.8% |
| Stocks and contracts in progress | 3 | €4,456,889 | - | -€4.5m | |
| Stocks | 30/36 | €4,456,889 | - | -€4.5m | |
| Amounts receivable within one year | 40/41 | €626,926 | €817,692 | +€190,766 | +30.4% |
| Trade receivables | 40 | €452,207 | €112,780 | -€339,427 | -75.1% |
| Other amounts receivable | 41 | €174,720 | €704,912 | +€530,192 | +303.5% |
| Cash at bank and in hand | 54/58 | €41,673 | €13,844 | -€27,829 | -66.8% |
| Total equity and liabilities | 10/49 | €5,125,488 | €831,536 | -€4.3m | -83.8% |
| Equity | 10/15 | €103,938 | €135,865 | +€31,927 | +30.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,938 | €115,865 | +€31,927 | +38.0% |
| Amounts payable | 17/49 | €5,021,550 | €695,671 | -€4.3m | -86.1% |
| Amounts payable within one year | 42/48 | €5,010,714 | €695,631 | -€4.3m | -86.1% |
| Financial debts | 43 | €338,703 | - | -€338,703 | |
| Credit institutions | 430/8 | €338,703 | - | -€338,703 | |
| Trade debts | 44 | €945,751 | €123,286 | -€822,465 | -87.0% |
| Suppliers | 440/4 | €945,751 | €123,286 | -€822,465 | -87.0% |
| Advances received on contracts in progress | 46 | €3,184,727 | - | -€3.2m | |
| Taxes, remuneration and social security | 45 | €213,289 | €15,738 | -€197,550 | -92.6% |
| Taxes | 450/3 | €213,289 | €15,738 | -€197,550 | -92.6% |
| Other amounts payable | 47/48 | €328,245 | €556,607 | +€228,362 | +69.6% |
| Accrued charges and deferred income | 492/3 | €10,836 | €40 | -€10,796 | -99.6% |
| Other operating charges | 640/8 | €534 | €1,148 | +€614 | +114.8% |
| Gross operating margin | 9900 | -€855 | €600,624 | +€601,479 | |
| Operating profit (loss) | 9901 | -€1,389 | €599,475 | +€600,865 | |
| Financial income | 75/76B | €1,338 | €5,809 | +€4,471 | +334.2% |
| Recurring financial income | 75 | €1,338 | €5,809 | +€4,471 | +334.2% |
| Financial charges | 65/66B | €2,455 | €1,012 | -€1,443 | -58.8% |
| Recurring financial charges | 65 | €2,455 | €1,012 | -€1,443 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,506 | €604,272 | +€606,778 | |
| Income taxes | 67/77 | -€1,945 | €15,738 | +€17,683 | |
| Profit (loss) for the period | 9904 | -€561 | €588,534 | +€589,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€561 | €588,534 | +€589,095 |
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 4 October 2026 via checked.be.