SOMALO: 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.
SOMALO
Largest movements
- Receivables within one year +€39,059
up €39,059 (+186.3%), from €20,964 to €60,023
of which Other amounts receivable: +€55,875
- Deferred charges and accrued income +€25,613
new in 2024: €25,613
- Cash -€13,401
down €13,401 (-55.3%), from €24,254 to €10,853
mainly Receivables within one year (-€39,059) and Deferred charges and accrued income (-€25,613)
- Tangible fixed assets -€5,410
down €5,410 (-21.0%), from €25,738 to €20,328
of which Furniture and vehicles: -€2,782
- Intangible fixed assets -€1,800
down €1,800 (-13.1%), from €13,750 to €11,950
- Debts after one year +€45,313
new in 2024: €45,313
- Tax, wage and social debts +€24,679
up €24,679 (+665.4%), from €3,709 to €28,388
- Trade debts -€14,120
no longer reported in 2024 (was €14,120)
- Profit (loss) carried forward -€10,196
down €10,196 (-16.6%), from €61,377 to €51,181
- Purchases and services +€228,612
up €228,612 (+369.1%), from €61,940 to €290,552
- Turnover +€216,084
up €216,084 (+120.7%), from €179,052 to €395,136
- Staff costs +€57,125
up €57,125 (+125.9%), from €45,391 to €102,516
- Gross operating margin -€11,798
down €11,798 (-10.1%), from €117,112 to €105,314
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,456 | €135,132 | +€45,676 | +51.1% |
| Fixed assets | 21/28 | €39,488 | €32,278 | -€7,210 | -18.3% |
| Intangible fixed assets | 21 | €13,750 | €11,950 | -€1,800 | -13.1% |
| Tangible fixed assets | 22/27 | €25,738 | €20,328 | -€5,410 | -21.0% |
| Plant, machinery and equipment | 23 | €15,236 | €12,608 | -€2,628 | -17.2% |
| Furniture and vehicles | 24 | €10,502 | €7,720 | -€2,782 | -26.5% |
| Current assets | 29/58 | €49,968 | €102,854 | +€52,886 | +105.8% |
| Stocks and contracts in progress | 3 | €4,750 | €6,365 | +€1,615 | +34.0% |
| Stocks | 30/36 | €4,750 | €6,365 | +€1,615 | +34.0% |
| Amounts receivable within one year | 40/41 | €20,964 | €60,023 | +€39,059 | +186.3% |
| Trade receivables | 40 | €18,148 | €1,332 | -€16,816 | -92.7% |
| Other amounts receivable | 41 | €2,816 | €58,691 | +€55,875 | +1984.2% |
| Cash at bank and in hand | 54/58 | €24,254 | €10,853 | -€13,401 | -55.3% |
| Deferred charges and accrued income | 490/1 | - | €25,613 | +€25,613 | |
| Total equity and liabilities | 10/49 | €89,456 | €135,132 | +€45,676 | +51.1% |
| Equity | 10/15 | €71,627 | €61,431 | -€10,196 | -14.2% |
| Contributions | 10/11 | €10,250 | €10,250 | = | 0.0% |
| Capital | 10 | €10,250 | €10,250 | = | 0.0% |
| Issued capital | 100 | €10,250 | €10,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,377 | €51,181 | -€10,196 | -16.6% |
| Amounts payable | 17/49 | €17,829 | €73,701 | +€55,872 | +313.4% |
| Amounts payable after more than one year | 17 | - | €45,313 | +€45,313 | |
| Financial debts | 170/4 | - | €45,313 | +€45,313 | |
| Amounts payable within one year | 42/48 | €17,829 | €28,388 | +€10,559 | +59.2% |
| Trade debts | 44 | €14,120 | - | -€14,120 | |
| Suppliers | 440/4 | €14,120 | - | -€14,120 | |
| Taxes, remuneration and social security | 45 | €3,709 | €28,388 | +€24,679 | +665.4% |
| Taxes | 450/3 | €3,709 | €28,388 | +€24,679 | +665.4% |
| Turnover | 70 | €179,052 | €395,136 | +€216,084 | +120.7% |
| Non-recurring operating income | 76A | - | €15 | +€15 | |
| Goods, raw materials, services and sundry goods | 60/61 | €61,940 | €290,552 | +€228,612 | +369.1% |
| Remuneration, social security and pensions | 62 | €45,391 | €102,516 | +€57,125 | +125.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,843 | €8,686 | +€843 | +10.7% |
| Other operating charges | 640/8 | €2,218 | €1,386 | -€832 | -37.5% |
| Non-recurring operating charges | 66A | - | €317 | +€317 | |
| Gross operating margin | 9900 | €117,112 | €105,314 | -€11,798 | -10.1% |
| Operating profit (loss) | 9901 | €61,660 | -€7,591 | -€69,251 | |
| Financial income | 75/76B | - | €125 | +€125 | |
| Recurring financial income | 75 | - | €125 | +€125 | |
| Financial charges | 65/66B | €283 | €2,196 | +€1,913 | +676.0% |
| Recurring financial charges | 65 | €283 | €2,196 | +€1,913 | +676.0% |
| Profit (loss) for the period before taxes | 9903 | €61,377 | -€9,662 | -€71,039 | |
| Profit (loss) for the period | 9904 | €61,377 | -€9,662 | -€71,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,377 | -€9,662 | -€71,039 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.