SOMEF: 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.
What changed
SOMEF
NACE 50.400, Inland freight water transport
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€250,584
2024 · €218,036+€32,548
Equity
€2.1m
2024 · €1.8m+€249,009
Cash
€381,889
2024 · €284,710+€97,179
Balance sheet total
€4.8m
2024 · €4.5m+€367,697
Largest movements
Assets
- Receivables within one year +€182,467
up €182,467 (+5.4%), from €3.4m to €3.6m
of which Other amounts receivable: +€261,500
- Cash +€97,179
up €97,179 (+34.1%), from €284,710 to €381,889
mainly Tax, wage and social debts (+€252,984) and Net result for the year (+€250,584)
Equity and liabilities
- Tax, wage and social debts +€252,984
up €252,984 (+24.5%), from €1.0m to €1.3m
of which Taxes: +€198,635
- Profit (loss) carried forward +€250,584
up €250,584 (+114.9%), from €218,036 to €468,620
- Trade debts -€108,895
down €108,895 (-8.5%), from €1.3m to €1.2m
Income statement
- Turnover +€1.9m
up €1.9m (+15.9%), from €11.9m to €13.8m
- Goods and materials +€945,285
up €945,285 (+15.0%), from €6.3m to €7.3m
- Other operating charges +€481,236
up €481,236 (+348.4%), from €138,126 to €619,362
- Services and other goods +€414,913
up €414,913 (+17.4%), from €2.4m to €2.8m
- Write-downs -€389,857
new in 2025: -€389,857
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.
Result 2024
€218,036
Turnover
+€1.9m
Other operating income
+€13,192
Goods and materials
-€945,285
Services and other goods
-€414,913
Staff costs
-€215,404
Depreciation
-€10,265
Write-downs
+€389,857
Provisions
-€82,831
Other operating charges
-€481,236
Other operating items
-€95,000
Financial income
+€32,182
Financial charges
-€1,450
Taxes
-€47,110
Result 2025
€250,584
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.
From operations
+€396,308
Investment
-€306,284
Financing
+€7,155
Cash 2024
€284,710
From operations (derived)
+€396,308
Net result for the year
+€250,584
Depreciation
+€232,875
Receivables within one year
-€182,467
Deferred charges and accrued income
-€14,642
Provisions
+€12,116
Trade debts
-€108,895
Tax, wage and social debts
+€252,984
Other debts
-€31,960
Accrued charges and deferred income
-€14,286
Investment (derived)
-€306,284
Investment in fixed assets (net)
-€306,284
Financing
+€7,155
Debts after one year
-€9,048
Current portion of long-term debt
+€17,777
Contributions, distributions and other
-€1,574
Cash 2025
€381,889
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,468,687 | €4,836,384 | +€367,697 | +8.2% |
| Fixed assets | 21/28 | €774,449 | €847,858 | +€73,409 | +9.5% |
| Tangible fixed assets | 22/27 | €543,692 | €584,949 | +€41,256 | +7.6% |
| Land and buildings | 22 | €20,471 | €78,106 | +€57,634 | +281.5% |
| Plant, machinery and equipment | 23 | €240,041 | €223,658 | -€16,383 | -6.8% |
| Furniture and vehicles | 24 | €12,314 | €27,211 | +€14,898 | +121.0% |
| Leasing and similar rights | 25 | €132,550 | €63,925 | -€68,625 | -51.8% |
| Other tangible fixed assets | 26 | €138,317 | €118,995 | -€19,322 | -14.0% |
| Assets under construction and advance payments | 27 | - | €73,054 | +€73,054 | |
| Financial fixed assets | 28 | €230,757 | €262,910 | +€32,153 | +13.9% |
| Other financial fixed assets | 284/8 | €230,757 | €262,910 | +€32,153 | +13.9% |
| Shares | 284 | €12,395 | €12,395 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €218,362 | €250,515 | +€32,153 | +14.7% |
| Current assets | 29/58 | €3,694,237 | €3,988,526 | +€294,288 | +8.0% |
| Amounts receivable within one year | 40/41 | €3,382,679 | €3,565,146 | +€182,467 | +5.4% |
| Trade receivables | 40 | €3,270,163 | €3,191,130 | -€79,033 | -2.4% |
| Other amounts receivable | 41 | €112,516 | €374,016 | +€261,500 | +232.4% |
| Cash at bank and in hand | 54/58 | €284,710 | €381,889 | +€97,179 | +34.1% |
| Deferred charges and accrued income | 490/1 | €26,848 | €41,491 | +€14,642 | +54.5% |
| Total equity and liabilities | 10/49 | €4,468,687 | €4,836,384 | +€367,697 | +8.2% |
| Equity | 10/15 | €1,805,829 | €2,054,838 | +€249,009 | +13.8% |
| Contributions | 10/11 | €831,889 | €831,889 | = | 0.0% |
| Capital | 10 | €831,889 | €831,889 | = | 0.0% |
| Issued capital | 100 | €831,889 | €831,889 | = | 0.0% |
| Reserves | 13 | €752,593 | €752,593 | = | 0.0% |
| Non-distributable reserves | 130/1 | €83,189 | €83,189 | = | 0.0% |
| Legal reserve | 130 | €83,189 | €83,189 | = | 0.0% |
| Tax-exempt reserves | 132 | €358,243 | €358,243 | = | 0.0% |
| Distributable reserves | 133 | €311,161 | €311,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,036 | €468,620 | +€250,584 | +114.9% |
| Investment grants | 15 | €3,311 | €1,737 | -€1,574 | -47.5% |
| Provisions and deferred taxes | 16 | €127,822 | €139,937 | +€12,116 | +9.5% |
| Provisions for liabilities and charges | 160/5 | €127,822 | €139,937 | +€12,116 | +9.5% |
| Pensions and similar obligations | 160 | €1,533 | €2,482 | +€949 | +61.9% |
| Major repairs and maintenance | 162 | €47,456 | €47,456 | = | 0.0% |
| Other liabilities and charges | 164/5 | €78,833 | €90,000 | +€11,167 | +14.2% |
| Amounts payable | 17/49 | €2,535,036 | €2,641,609 | +€106,573 | +4.2% |
| Amounts payable after more than one year | 17 | €111,678 | €102,630 | -€9,048 | -8.1% |
| Financial debts | 170/4 | €111,678 | €102,630 | -€9,048 | -8.1% |
| Leasing and similar obligations | 172 | €111,678 | €54,467 | -€57,211 | -51.2% |
| Credit institutions | 173 | - | €48,163 | +€48,163 | |
| Amounts payable within one year | 42/48 | €2,401,929 | €2,531,835 | +€129,907 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €54,995 | €72,773 | +€17,777 | +32.3% |
| Trade debts | 44 | €1,283,699 | €1,174,804 | -€108,895 | -8.5% |
| Suppliers | 440/4 | €1,283,699 | €1,174,804 | -€108,895 | -8.5% |
| Taxes, remuneration and social security | 45 | €1,031,275 | €1,284,259 | +€252,984 | +24.5% |
| Taxes | 450/3 | €462,958 | €661,593 | +€198,635 | +42.9% |
| Remuneration and social security | 454/9 | €568,317 | €622,666 | +€54,349 | +9.6% |
| Other amounts payable | 47/48 | €31,960 | - | -€31,960 | |
| Accrued charges and deferred income | 492/3 | €21,429 | €7,143 | -€14,286 | -66.7% |
| Operating income | 70/76A | €12,500,439 | €14,309,441 | +€1.8m | +14.5% |
| Turnover | 70 | €11,916,806 | €13,807,616 | +€1.9m | +15.9% |
| Other operating income | 74 | €488,633 | €501,825 | +€13,192 | +2.7% |
| Non-recurring operating income | 76A | €95,000 | - | -€95,000 | |
| Operating charges | 60/66A | €12,206,136 | €13,966,214 | +€1.8m | +14.4% |
| Goods for resale, raw materials and consumables | 60 | €6,320,603 | €7,265,889 | +€945,285 | +15.0% |
| Purchases | 600/8 | €6,320,603 | €7,265,889 | +€945,285 | +15.0% |
| Services and other goods | 61 | €2,379,416 | €2,794,329 | +€414,913 | +17.4% |
| Remuneration, social security and pensions | 62 | €3,216,097 | €3,431,501 | +€215,404 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,609 | €232,875 | +€10,265 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€389,857 | -€389,857 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€70,716 | €12,116 | +€82,831 | |
| Other operating charges | 640/8 | €138,126 | €619,362 | +€481,236 | +348.4% |
| Operating profit (loss) | 9901 | €294,302 | €343,227 | +€48,925 | +16.6% |
| Financial income | 75/76B | €1,853 | €34,035 | +€32,182 | +1737.2% |
| Recurring financial income | 75 | €1,853 | €34,035 | +€32,182 | +1737.2% |
| Other financial income | 752/9 | €1,853 | €34,035 | +€32,182 | +1737.2% |
| Financial charges | 65/66B | €19,068 | €20,518 | +€1,450 | +7.6% |
| Recurring financial charges | 65 | €19,068 | €20,518 | +€1,450 | +7.6% |
| Debt charges | 650 | €8,740 | €8,299 | -€441 | -5.0% |
| Other financial charges | 652/9 | €10,328 | €12,219 | +€1,890 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €277,087 | €356,744 | +€79,657 | +28.7% |
| Income taxes | 67/77 | €59,051 | €106,161 | +€47,110 | +79.8% |
| Taxes | 670/3 | €85,221 | €106,161 | +€20,939 | +24.6% |
| Tax adjustments and reversals of tax provisions | 77 | €26,170 | - | -€26,170 | |
| Profit (loss) for the period | 9904 | €218,036 | €250,584 | +€32,548 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €218,036 | €250,584 | +€32,548 | +14.9% |
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 6 October 2026 via checked.be.