SOMERS-CARDOEN: 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.
SOMERS-CARDOEN
Largest movements
- Receivables after one year -€3.6m
down €3.6m (-16.7%), from €21.8m to €18.2m
- Tangible fixed assets +€2.8m
up €2.8m (+59.8%), from €4.8m to €7.6m
of which Land and buildings: +€2.9m
- Deferred charges and accrued income +€887,806
up €887,806 (+1,133%), from €78,377 to €966,183
- Current investments +€418,484
up €418,484 (+8.5%), from €4.9m to €5.4m
- Tax, wage and social debts -€2.3m
down €2.3m (-95.4%), from €2.4m to €107,650
- Debts after one year +€1.7m
up €1.7m (+399%), from €437,601 to €2.2m
of which Financial debts: +€1.7m
- Reserves +€662,641
up €662,641 (+2.3%), from €28.9m to €29.6m
of which Distributable reserves: +€662,641
- Financial income -€23.2m
down €23.2m (-96.1%), from €24.2m to €949,978
- Taxes -€1.9m
down €1.9m (-87.8%), from €2.2m to €270,785
- Depreciation +€248,945
up €248,945 (+128%), from €193,855 to €442,800
- Financial charges -€126,792
down €126,792 (-77.9%), from €162,848 to €36,056
- Gross operating margin +€97,685
up €97,685 (+24.8%), from €393,580 to €491,265
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 | €32,210,866 | €32,455,235 | +€244,369 | +0.8% |
| Fixed assets | 21/28 | €4,758,050 | €7,602,847 | +€2.8m | +59.8% |
| Tangible fixed assets | 22/27 | €4,758,050 | €7,602,847 | +€2.8m | +59.8% |
| Land and buildings | 22 | €4,594,769 | €7,497,167 | +€2.9m | +63.2% |
| Plant, machinery and equipment | 23 | €39,380 | €31,464 | -€7,916 | -20.1% |
| Other tangible fixed assets | 26 | €123,902 | €74,215 | -€49,686 | -40.1% |
| Current assets | 29/58 | €27,452,816 | €24,852,388 | -€2.6m | -9.5% |
| Amounts receivable after more than one year | 29 | €21,828,246 | €18,193,246 | -€3.6m | -16.7% |
| Other amounts receivable | 291 | €21,828,246 | €18,193,246 | -€3.6m | -16.7% |
| Amounts receivable within one year | 40/41 | €264,165 | €107,927 | -€156,238 | -59.1% |
| Trade receivables | 40 | €111,500 | - | -€111,500 | |
| Other amounts receivable | 41 | €152,665 | €107,927 | -€44,738 | -29.3% |
| Current investments | 50/53 | €4,947,080 | €5,365,564 | +€418,484 | +8.5% |
| Cash at bank and in hand | 54/58 | €334,949 | €219,468 | -€115,481 | -34.5% |
| Deferred charges and accrued income | 490/1 | €78,377 | €966,183 | +€887,806 | +1,133% |
| Total equity and liabilities | 10/49 | €32,210,866 | €32,455,235 | +€244,369 | +0.8% |
| Equity | 10/15 | €29,282,472 | €29,945,113 | +€662,641 | +2.3% |
| Contributions | 10/11 | €378,038 | €378,038 | = | 0.0% |
| Capital | 10 | €378,038 | €378,038 | = | 0.0% |
| Issued capital | 100 | €378,038 | €378,038 | = | 0.0% |
| Reserves | 13 | €28,904,434 | €29,567,075 | +€662,641 | +2.3% |
| Non-distributable reserves | 130/1 | €487,804 | €487,804 | = | 0.0% |
| Legal reserve | 130 | €487,804 | €487,804 | = | 0.0% |
| Distributable reserves | 133 | €28,416,630 | €29,079,271 | +€662,641 | +2.3% |
| Amounts payable | 17/49 | €2,928,395 | €2,510,122 | -€418,273 | -14.3% |
| Amounts payable after more than one year | 17 | €437,601 | €2,181,612 | +€1.7m | +399% |
| Financial debts | 170/4 | €437,501 | €2,181,512 | +€1.7m | +399% |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,486,493 | €303,510 | -€2.2m | -87.8% |
| Current portion of amounts payable after more than one year | 42 | €82,231 | €192,916 | +€110,685 | +135% |
| Trade debts | 44 | €42,895 | €2,852 | -€40,043 | -93.4% |
| Suppliers | 440/4 | €42,895 | €2,852 | -€40,043 | -93.4% |
| Taxes, remuneration and social security | 45 | €2,361,274 | €107,650 | -€2.3m | -95.4% |
| Taxes | 450/3 | €2,361,274 | €107,650 | -€2.3m | -95.4% |
| Other amounts payable | 47/48 | €92 | €92 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,300 | €25,000 | +€20,700 | +481% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,855 | €442,800 | +€248,945 | +128% |
| Other operating charges | 640/8 | €26,374 | €28,961 | +€2,587 | +9.8% |
| Gross operating margin | 9900 | €393,580 | €491,265 | +€97,685 | +24.8% |
| Operating profit (loss) | 9901 | €173,351 | €19,504 | -€153,847 | -88.7% |
| Financial income | 75/76B | €24,178,439 | €949,978 | -€23.2m | -96.1% |
| Recurring financial income | 75 | €24,178,439 | €949,978 | -€23.2m | -96.1% |
| Financial charges | 65/66B | €162,848 | €36,056 | -€126,792 | -77.9% |
| Recurring financial charges | 65 | €162,848 | €36,056 | -€126,792 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €24,188,942 | €933,426 | -€23.3m | -96.1% |
| Income taxes | 67/77 | €2,218,061 | €270,785 | -€1.9m | -87.8% |
| Profit (loss) for the period | 9904 | €21,970,881 | €662,641 | -€21.3m | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,970,881 | €662,641 | -€21.3m | -97.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.