SOMALAC: 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.
SOMALAC
Largest movements
- Receivables within one year +€13.0m
up €13.0m (+10.5%), from €123.9m to €136.9m
of which Other amounts receivable: +€12.7m
- Intangible fixed assets -€3.4m
down €3.4m (-4.0%), from €86.0m to €82.6m
- Profit (loss) carried forward +€10.3m
up €10.3m (+3.8%), from -€271.6m to -€261.3m
- Depreciation -€10.1m
down €10.1m (-74.7%), from €13.5m to €3.4m
- Gross operating margin +€4.1m
up €4.1m (+55.2%), from €7.4m to €11.5m
- Financial income -€1.4m
down €1.4m (-34.5%), from €4.1m to €2.7m
- Taxes -€169,965
down €169,965 (-32.0%), from €531,651 to €361,686
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,937,069 | €219,469,802 | +€9.5m | +4.5% |
| Fixed assets | 21/28 | €86,027,156 | €82,608,602 | -€3.4m | -4.0% |
| Intangible fixed assets | 21 | €86,027,156 | €82,608,602 | -€3.4m | -4.0% |
| Current assets | 29/58 | €123,909,913 | €136,861,200 | +€13.0m | +10.5% |
| Amounts receivable within one year | 40/41 | €123,909,407 | €136,860,694 | +€13.0m | +10.5% |
| Trade receivables | 40 | €6,711,104 | €6,913,830 | +€202,726 | +3.0% |
| Other amounts receivable | 41 | €117,198,302 | €129,946,863 | +€12.7m | +10.9% |
| Deferred charges and accrued income | 490/1 | €506 | €506 | = | 0.0% |
| Total equity and liabilities | 10/49 | €209,937,069 | €219,469,802 | +€9.5m | +4.5% |
| Equity | 10/15 | €208,595,626 | €218,883,193 | +€10.3m | +4.9% |
| Contributions | 10/11 | €480,061,500 | €480,061,500 | = | 0.0% |
| Capital | 10 | €480,061,500 | €480,061,500 | = | 0.0% |
| Issued capital | 100 | €480,061,500 | €480,061,500 | = | 0.0% |
| Reserves | 13 | €86,221 | €86,221 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,221 | €86,221 | = | 0.0% |
| Legal reserve | 130 | €86,221 | €86,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,552,095 | -€261,264,528 | +€10.3m | +3.8% |
| Amounts payable | 17/49 | €1,341,443 | €586,609 | -€754,834 | -56.3% |
| Amounts payable within one year | 42/48 | €1,330,678 | €575,311 | -€755,367 | -56.8% |
| Trade debts | 44 | €1,330,678 | €575,311 | -€755,367 | -56.8% |
| Suppliers | 440/4 | €1,330,678 | €575,311 | -€755,367 | -56.8% |
| Accrued charges and deferred income | 492/3 | €10,765 | €11,298 | +€533 | +5.0% |
| Non-recurring operating income | 76A | - | €4,836,144 | +€4.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,514,723 | €3,418,554 | -€10.1m | -74.7% |
| Non-recurring operating charges | 66A | €252,404,218 | €100 | -€252.4m | -100.0% |
| Gross operating margin | 9900 | €7,385,331 | €11,462,446 | +€4.1m | +55.2% |
| Operating profit (loss) | 9901 | -€258,533,610 | €8,043,792 | +€266.6m | |
| Financial income | 75/76B | €4,067,414 | €2,662,848 | -€1.4m | -34.5% |
| Recurring financial income | 75 | €4,067,414 | €2,662,848 | -€1.4m | -34.5% |
| Financial charges | 65/66B | €56,711 | €57,387 | +€676 | +1.2% |
| Recurring financial charges | 65 | €56,711 | €57,387 | +€676 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€254,522,906 | €10,649,254 | +€265.2m | |
| Income taxes | 67/77 | €531,651 | €361,686 | -€169,965 | -32.0% |
| Profit (loss) for the period | 9904 | -€255,054,558 | €10,287,567 | +€265.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€255,054,558 | €10,287,567 | +€265.3m |
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 27 October 2026 via checked.be.