SOMERSET: 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.
What changed
SOMERSET
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€420,699
2024 · -€359,528-€61,171
Equity
-€693,083
2024 · -€272,384-€420,699
Cash
€12,160
2024 · €2,361+€9,799
Balance sheet total
€8.9m
2024 · €9.2m-€349,289
Largest movements
Assets
- Tangible fixed assets -€198,639
down €198,639 (-2.2%), from €9.0m to €8.8m
of which Land and buildings: -€240,505
- Receivables within one year -€158,324
down €158,324 (-81.5%), from €194,280 to €35,956
of which Other amounts receivable: -€178,449
Equity and liabilities
- Profit (loss) carried forward -€420,699
down €420,699 (-80.5%), from -€522,384 to -€943,083
Income statement
- Depreciation +€47,243
up €47,243 (+17.9%), from €263,310 to €310,553
- Gross operating margin -€9,597
down €9,597 (-13.8%), from €69,439 to €59,842
- Financial charges +€2,825
up €2,825 (+1.7%), from €164,279 to €167,104
- Other operating charges +€2,084
up €2,084 (+257%), from €811 to €2,895
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
-€359,528
Gross operating margin
-€9,597
Depreciation
-€47,243
Other operating charges
-€2,084
Other operating items
+€600
Financial income
-€22
Financial charges
-€2,825
Result 2025
-€420,699
lowers the resultnot broken down further in the accounts
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.
From operations
+€145,399
Investment
-€111,914
Financing
-€23,686
Cash 2024
€2,361
From operations (derived)
+€145,399
Net result for the year
-€420,699
Depreciation
+€310,553
Receivables within one year
+€158,324
Deferred charges and accrued income
+€2,125
Trade debts
+€69,948
Tax, wage and social debts
+€13,839
Advances received
-€3,690
Accrued charges and deferred income
+€14,999
Investment (derived)
-€111,914
Investment in fixed assets (net)
-€111,914
Financing
-€23,686
Debts after one year
-€10,320
Current portion of long-term debt
+€14,748
Short-term financial debts
-€28,114
Cash 2025
€12,160
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,247,587 | €8,898,298 | -€349,289 | -3.8% |
| Fixed assets | 21/28 | €9,048,821 | €8,850,182 | -€198,639 | -2.2% |
| Tangible fixed assets | 22/27 | €9,045,821 | €8,847,182 | -€198,639 | -2.2% |
| Land and buildings | 22 | €8,033,533 | €7,793,028 | -€240,505 | -3.0% |
| Plant, machinery and equipment | 23 | €954,079 | €1,002,656 | +€48,577 | +5.1% |
| Furniture and vehicles | 24 | €43,796 | €40,689 | -€3,107 | -7.1% |
| Other tangible fixed assets | 26 | €14,413 | €10,809 | -€3,604 | -25.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €198,766 | €48,116 | -€150,650 | -75.8% |
| Amounts receivable within one year | 40/41 | €194,280 | €35,956 | -€158,324 | -81.5% |
| Trade receivables | 40 | €8,364 | €28,489 | +€20,125 | +241% |
| Other amounts receivable | 41 | €185,916 | €7,467 | -€178,449 | -96.0% |
| Cash at bank and in hand | 54/58 | €2,361 | €12,160 | +€9,799 | +415% |
| Deferred charges and accrued income | 490/1 | €2,125 | - | -€2,125 | |
| Total equity and liabilities | 10/49 | €9,247,587 | €8,898,298 | -€349,289 | -3.8% |
| Equity | 10/15 | -€272,384 | -€693,083 | -€420,699 | -154% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€522,384 | -€943,083 | -€420,699 | -80.5% |
| Amounts payable | 17/49 | €9,519,971 | €9,591,381 | +€71,410 | +0.8% |
| Amounts payable after more than one year | 17 | €8,946,701 | €8,936,381 | -€10,320 | -0.1% |
| Financial debts | 170/4 | €2,925,642 | €2,583,898 | -€341,744 | -11.7% |
| Trade debts | 175 | €215,500 | €185,500 | -€30,000 | -13.9% |
| Other amounts payable | 178/9 | €5,805,559 | €6,166,983 | +€361,424 | +6.2% |
| Amounts payable within one year | 42/48 | €522,471 | €589,202 | +€66,731 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €356,996 | €371,744 | +€14,748 | +4.1% |
| Financial debts | 43 | €28,114 | - | -€28,114 | |
| Credit institutions | 430/8 | €28,114 | - | -€28,114 | |
| Trade debts | 44 | €122,515 | €192,463 | +€69,948 | +57.1% |
| Suppliers | 440/4 | €122,515 | €192,463 | +€69,948 | +57.1% |
| Advances received on contracts in progress | 46 | €14,194 | €10,504 | -€3,690 | -26.0% |
| Taxes, remuneration and social security | 45 | €652 | €14,491 | +€13,839 | +2,123% |
| Taxes | 450/3 | €652 | €14,491 | +€13,839 | +2,123% |
| Accrued charges and deferred income | 492/3 | €50,799 | €65,798 | +€14,999 | +29.5% |
| Non-recurring operating income | 76A | - | €1,736 | +€1,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,310 | €310,553 | +€47,243 | +17.9% |
| Other operating charges | 640/8 | €811 | €2,895 | +€2,084 | +257% |
| Non-recurring operating charges | 66A | €600 | - | -€600 | |
| Gross operating margin | 9900 | €69,439 | €59,842 | -€9,597 | -13.8% |
| Operating profit (loss) | 9901 | -€195,282 | -€253,606 | -€58,324 | -29.9% |
| Financial income | 75/76B | €33 | €11 | -€22 | -66.7% |
| Recurring financial income | 75 | €33 | €11 | -€22 | -66.7% |
| Financial charges | 65/66B | €164,279 | €167,104 | +€2,825 | +1.7% |
| Recurring financial charges | 65 | €164,279 | €167,104 | +€2,825 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€359,528 | -€420,699 | -€61,171 | -17.0% |
| Profit (loss) for the period | 9904 | -€359,528 | -€420,699 | -€61,171 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€359,528 | -€420,699 | -€61,171 | -17.0% |
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 19 October 2026 via checked.be.