SOMAD: 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.
SOMAD
Largest movements
- Cash +€6,536
up €6,536 (+13.5%), from €48,271 to €54,807
mainly Other debts (+€35,073) and Depreciation (+€17,783)
- Intangible fixed assets +€3,400
up €3,400 (+4.8%), from €70,501 to €73,900
- Receivables within one year +€2,352
up €2,352 (+14.7%), from €16,017 to €18,369
of which Other amounts receivable: +€2,122
- Other debts +€35,073
up €35,073 (+156.7%), from €22,375 to €57,448
- Reserves -€30,000
down €30,000 (-22.5%), from €133,360 to €103,360
of which Distributable reserves: -€30,000
- Profit (loss) carried forward +€5,766
up €5,766, from -€5,019 to €748
- Trade debts +€2,759
up €2,759 (+1790.1%), from €154 to €2,913
- Taxes +€5,403
up €5,403 (+574.2%), from €941 to €6,343
- Gross operating margin +€5,297
up €5,297 (+14.9%), from €35,439 to €40,737
- Depreciation +€1,447
up €1,447 (+8.9%), from €16,336 to €17,783
- Financial charges +€763
up €763 (+719.0%), from €106 to €869
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 | €157,140 | €170,686 | +€13,546 | +8.6% |
| Fixed assets | 21/28 | €89,788 | €94,380 | +€4,592 | +5.1% |
| Intangible fixed assets | 21 | €70,501 | €73,900 | +€3,400 | +4.8% |
| Tangible fixed assets | 22/27 | €19,247 | €20,439 | +€1,192 | +6.2% |
| Plant, machinery and equipment | 23 | €16,374 | €11,490 | -€4,883 | -29.8% |
| Furniture and vehicles | 24 | €2,873 | €8,949 | +€6,076 | +211.4% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €67,352 | €76,306 | +€8,954 | +13.3% |
| Amounts receivable within one year | 40/41 | €16,017 | €18,369 | +€2,352 | +14.7% |
| Trade receivables | 40 | €230 | €460 | +€230 | +100.0% |
| Other amounts receivable | 41 | €15,787 | €17,909 | +€2,122 | +13.4% |
| Cash at bank and in hand | 54/58 | €48,271 | €54,807 | +€6,536 | +13.5% |
| Deferred charges and accrued income | 490/1 | €3,063 | €3,129 | +€66 | +2.2% |
| Total equity and liabilities | 10/49 | €157,140 | €170,686 | +€13,546 | +8.6% |
| Equity | 10/15 | €134,541 | €110,308 | -€24,234 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,360 | €103,360 | -€30,000 | -22.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €131,500 | €101,500 | -€30,000 | -22.8% |
| Profit (loss) carried forward | 14 | -€5,019 | €748 | +€5,766 | |
| Amounts payable | 17/49 | €22,599 | €60,378 | +€37,780 | +167.2% |
| Amounts payable within one year | 42/48 | €22,599 | €60,378 | +€37,780 | +167.2% |
| Financial debts | 43 | €69 | €17 | -€52 | -75.4% |
| Credit institutions | 430/8 | €69 | €17 | -€52 | -75.4% |
| Trade debts | 44 | €154 | €2,913 | +€2,759 | +1790.1% |
| Suppliers | 440/4 | €154 | €2,913 | +€2,759 | +1790.1% |
| Other amounts payable | 47/48 | €22,375 | €57,448 | +€35,073 | +156.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,336 | €17,783 | +€1,447 | +8.9% |
| Other operating charges | 640/8 | €1,248 | €1,280 | +€32 | +2.6% |
| Non-recurring operating charges | 66A | €5 | - | -€5 | |
| Gross operating margin | 9900 | €35,439 | €40,737 | +€5,297 | +14.9% |
| Operating profit (loss) | 9901 | €17,851 | €21,674 | +€3,823 | +21.4% |
| Financial income | 75/76B | €339 | €305 | -€35 | -10.2% |
| Recurring financial income | 75 | €339 | €305 | -€35 | -10.2% |
| Financial charges | 65/66B | €106 | €869 | +€763 | +719.0% |
| Recurring financial charges | 65 | €106 | €869 | +€763 | +719.0% |
| Profit (loss) for the period before taxes | 9903 | €18,084 | €21,110 | +€3,026 | +16.7% |
| Income taxes | 67/77 | €941 | €6,343 | +€5,403 | +574.2% |
| Profit (loss) for the period | 9904 | €17,143 | €14,766 | -€2,377 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,143 | €14,766 | -€2,377 | -13.9% |
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 7 October 2026 via checked.be.