SOMERSET HOUSE: 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.
SOMERSET HOUSE
Largest movements
- Cash -€156,326
down €156,326 (-58.4%), from €267,768 to €111,442
mainly Other debts (-€301,186) and Contributions, distributions and other (-€300,000)
- Tangible fixed assets -€41,766
down €41,766 (-2.3%), from €1.8m to €1.8m
of which Furniture and vehicles: -€23,130
- Receivables within one year +€25,345
up €25,345 (+182%), from €13,895 to €39,241
of which Trade receivables: +€16,213
- Other debts -€301,186
down €301,186 (-100%), from €301,186 to €0
- Reserves +€173,105
up €173,105 (+18.9%), from €914,879 to €1.1m
- Debts after one year -€56,890
down €56,890 (-6.9%), from €826,867 to €769,977
- Gross operating margin +€52,440
up €52,440 (+6.9%), from €757,740 to €810,180
- Staff costs +€19,679
new in 2025: €19,679
- Taxes +€17,050
up €17,050 (+11.8%), from €144,804 to €161,854
- Depreciation -€15,182
down €15,182 (-9.8%), from €155,275 to €140,094
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 | €2,135,066 | €1,962,291 | -€172,776 | -8.1% |
| Fixed assets | 21/28 | €1,848,155 | €1,806,389 | -€41,766 | -2.3% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -50.0% |
| Tangible fixed assets | 22/27 | €1,848,155 | €1,806,389 | -€41,766 | -2.3% |
| Land and buildings | 22 | €1,704,661 | €1,687,706 | -€16,954 | -1.0% |
| Plant, machinery and equipment | 23 | €6,387 | €4,706 | -€1,682 | -26.3% |
| Furniture and vehicles | 24 | €137,107 | €113,977 | -€23,130 | -16.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €286,911 | €155,901 | -€131,010 | -45.7% |
| Amounts receivable within one year | 40/41 | €13,895 | €39,241 | +€25,345 | +182% |
| Trade receivables | 40 | €0 | €16,213 | +€16,213 | |
| Other amounts receivable | 41 | €13,895 | €23,028 | +€9,133 | +65.7% |
| Cash at bank and in hand | 54/58 | €267,768 | €111,442 | -€156,326 | -58.4% |
| Deferred charges and accrued income | 490/1 | €5,248 | €5,219 | -€29 | -0.5% |
| Total equity and liabilities | 10/49 | €2,135,066 | €1,962,291 | -€172,776 | -8.1% |
| Equity | 10/15 | €919,879 | €1,092,983 | +€173,105 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €914,879 | €1,087,983 | +€173,105 | +18.9% |
| Distributable reserves | 133 | €914,879 | €1,087,983 | +€173,105 | +18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,215,188 | €869,307 | -€345,880 | -28.5% |
| Amounts payable after more than one year | 17 | €826,867 | €769,977 | -€56,890 | -6.9% |
| Financial debts | 170/4 | €826,867 | €769,977 | -€56,890 | -6.9% |
| Amounts payable within one year | 42/48 | €387,339 | €99,330 | -€288,009 | -74.4% |
| Current portion of amounts payable after more than one year | 42 | €55,915 | €56,890 | +€975 | +1.7% |
| Trade debts | 44 | €10,139 | €27,705 | +€17,566 | +173% |
| Suppliers | 440/4 | €10,139 | €27,705 | +€17,566 | +173% |
| Taxes, remuneration and social security | 45 | €20,099 | €14,735 | -€5,364 | -26.7% |
| Taxes | 450/3 | €20,099 | €11,854 | -€8,245 | -41.0% |
| Remuneration and social security | 454/9 | - | €2,882 | +€2,882 | |
| Other amounts payable | 47/48 | €301,186 | €0 | -€301,186 | -100% |
| Accrued charges and deferred income | 492/3 | €982 | €0 | -€982 | -100% |
| Remuneration, social security and pensions | 62 | - | €19,679 | +€19,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,275 | €140,094 | -€15,182 | -9.8% |
| Other operating charges | 640/8 | €2,992 | €4,266 | +€1,275 | +42.6% |
| Gross operating margin | 9900 | €757,740 | €810,180 | +€52,440 | +6.9% |
| Operating profit (loss) | 9901 | €599,473 | €646,141 | +€46,667 | +7.8% |
| Financial income | 75/76B | - | €338 | +€338 | |
| Recurring financial income | 75 | - | €338 | +€338 | |
| Financial charges | 65/66B | €10,296 | €11,521 | +€1,225 | +11.9% |
| Recurring financial charges | 65 | €10,296 | €11,521 | +€1,225 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €589,177 | €634,958 | +€45,781 | +7.8% |
| Income taxes | 67/77 | €144,804 | €161,854 | +€17,050 | +11.8% |
| Profit (loss) for the period | 9904 | €444,373 | €473,105 | +€28,731 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €444,373 | €473,105 | +€28,731 | +6.5% |
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 31 October 2026 via checked.be.