SOMAX: 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.
SOMAX
Largest movements
- Current investments +€160,000
up €160,000 (+55.2%), from €290,000 to €450,000
- Cash +€86,667
up €86,667 (+165%), from €52,673 to €139,340
mainly Other debts (+€351,123) and Net result for the year (+€206,686)
- Tangible fixed assets -€20,580
down €20,580 (-18.2%), from €113,126 to €92,546
of which Plant, machinery and equipment: -€13,211
- Other debts +€351,123
new in 2025: €351,123
- Profit (loss) carried forward -€144,437
no longer reported in 2025 (was €144,437)
- Tax, wage and social debts +€11,106
up €11,106 (+51.5%), from €21,571 to €32,676
of which Taxes: +€9,821
- Trade debts +€8,311
up €8,311 (+389%), from €2,138 to €10,449
- Gross operating margin +€73,798
up €73,798 (+31.1%), from €237,213 to €311,011
- Taxes +€12,928
up €12,928 (+25.8%), from €50,169 to €63,097
- Financial income +€5,441
up €5,441 (+152%), from €3,573 to €9,014
- Depreciation +€4,172
up €4,172 (+9.7%), from €43,170 to €47,341
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
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 | €474,417 | €700,519 | +€226,102 | +47.7% |
| Fixed assets | 21/28 | €115,148 | €93,667 | -€21,480 | -18.7% |
| Intangible fixed assets | 21 | €2,022 | €1,122 | -€900 | -44.5% |
| Tangible fixed assets | 22/27 | €113,126 | €92,546 | -€20,580 | -18.2% |
| Plant, machinery and equipment | 23 | €71,852 | €58,641 | -€13,211 | -18.4% |
| Furniture and vehicles | 24 | €41,273 | €33,904 | -€7,369 | -17.9% |
| Current assets | 29/58 | €359,270 | €606,852 | +€247,582 | +68.9% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €880 | - | -€880 | |
| Other amounts receivable | 41 | €880 | - | -€880 | |
| Current investments | 50/53 | €290,000 | €450,000 | +€160,000 | +55.2% |
| Cash at bank and in hand | 54/58 | €52,673 | €139,340 | +€86,667 | +165% |
| Deferred charges and accrued income | 490/1 | €13,217 | €15,012 | +€1,796 | +13.6% |
| Total equity and liabilities | 10/49 | €474,417 | €700,519 | +€226,102 | +47.7% |
| Equity | 10/15 | €392,037 | €247,600 | -€144,437 | -36.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €244,600 | €244,600 | = | 0.0% |
| Distributable reserves | 133 | €244,600 | €244,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,437 | - | -€144,437 | |
| Amounts payable | 17/49 | €82,380 | €452,920 | +€370,540 | +450% |
| Amounts payable after more than one year | 17 | €58,671 | €58,671 | = | 0.0% |
| Other amounts payable | 178/9 | €58,671 | €58,671 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,709 | €394,249 | +€370,540 | +1,563% |
| Trade debts | 44 | €2,138 | €10,449 | +€8,311 | +389% |
| Suppliers | 440/4 | €2,138 | €10,449 | +€8,311 | +389% |
| Taxes, remuneration and social security | 45 | €21,571 | €32,676 | +€11,106 | +51.5% |
| Taxes | 450/3 | €21,355 | €31,176 | +€9,821 | +46.0% |
| Remuneration and social security | 454/9 | €216 | €1,500 | +€1,285 | +596% |
| Other amounts payable | 47/48 | - | €351,123 | +€351,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,170 | €47,341 | +€4,172 | +9.7% |
| Other operating charges | 640/8 | €1,576 | €1,328 | -€248 | -15.7% |
| Gross operating margin | 9900 | €237,213 | €311,011 | +€73,798 | +31.1% |
| Operating profit (loss) | 9901 | €192,468 | €262,342 | +€69,874 | +36.3% |
| Financial income | 75/76B | €3,573 | €9,014 | +€5,441 | +152% |
| Recurring financial income | 75 | €3,573 | €9,014 | +€5,441 | +152% |
| Financial charges | 65/66B | €1,434 | €1,573 | +€139 | +9.7% |
| Recurring financial charges | 65 | €1,434 | €1,573 | +€139 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €194,606 | €269,782 | +€75,177 | +38.6% |
| Income taxes | 67/77 | €50,169 | €63,097 | +€12,928 | +25.8% |
| Profit (loss) for the period | 9904 | €144,437 | €206,686 | +€62,248 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,437 | €206,686 | +€62,248 | +43.1% |
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 16 October 2026 via checked.be.