Somex: 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
Somex
NACE 46.832, Wholesale of timber
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · -€1.6m-€264,174
Equity
€14.1m
2024 · €15.9m-€1.9m
Cash
-
not filed
Balance sheet total
€23.3m
2024 · €29.0m-€5.8m
Largest movements
Assets
- Stocks and contracts -€5.2m
down €5.2m (-21.6%), from €24.1m to €18.9m
- Receivables within one year -€537,707
down €537,707 (-11.0%), from €4.9m to €4.4m
of which Trade receivables: -€758,374
Equity and liabilities
- Other debts -€3.3m
no longer reported in 2025 (was €3.3m)
- Reserves -€2.9m
down €2.9m (-29.6%), from €9.7m to €6.8m
of which Distributable reserves: -€2.4m
- Profit (loss) carried forward +€997,418
no longer reported in 2025 (was -€997,418)
- Trade debts -€541,388
down €541,388 (-23.1%), from €2.3m to €1.8m
Income statement
- Goods and materials -€2.6m
down €2.6m (-11.8%), from €22.0m to €19.4m
of which Purchases: -€5.9m
- Turnover -€1.5m
down €1.5m (-6.5%), from €23.1m to €21.6m
- Write-downs +€1.1m
up €1.1m, from -€593,724 to €535,407
- Services and other goods -€460,956
down €460,956 (-20.1%), from €2.3m to €1.8m
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
-€1.6m
Turnover
-€1.5m
Other operating income
-€12,217
Goods and materials
+€2.6m
Services and other goods
+€460,956
Staff costs
+€164,134
Depreciation
+€2,081
Write-downs
-€1.1m
Other operating charges
-€4,494
Other operating items
-€782,951
Financial income
-€32,853
Financial charges
-€17,341
Taxes
-€656
Result 2025
-€1.9m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,034,315 | €23,274,529 | -€5.8m | -19.8% |
| Fixed assets | 21/28 | €51,808 | €29,325 | -€22,483 | -43.4% |
| Tangible fixed assets | 22/27 | €51,514 | €20,831 | -€30,683 | -59.6% |
| Plant, machinery and equipment | 23 | €5,582 | €3,094 | -€2,488 | -44.6% |
| Furniture and vehicles | 24 | €5,052 | €617 | -€4,435 | -87.8% |
| Leasing and similar rights | 25 | €40,880 | €17,120 | -€23,760 | -58.1% |
| Financial fixed assets | 28 | €294 | €8,494 | +€8,200 | +2791.5% |
| Other financial fixed assets | 284/8 | €294 | €8,494 | +€8,200 | +2791.5% |
| Amounts receivable and cash guarantees | 285/8 | €294 | €8,494 | +€8,200 | +2791.5% |
| Current assets | 29/58 | €28,982,508 | €23,245,204 | -€5.7m | -19.8% |
| Stocks and contracts in progress | 3 | €24,080,801 | €18,881,206 | -€5.2m | -21.6% |
| Stocks | 30/36 | €24,080,801 | €18,881,206 | -€5.2m | -21.6% |
| Raw materials and consumables | 30/31 | €656 | - | -€656 | |
| Finished goods | 33 | €549,403 | €322,824 | -€226,579 | -41.2% |
| Goods purchased for resale | 34 | €23,492,828 | €18,558,381 | -€4.9m | -21.0% |
| Advance payments | 36 | €37,914 | - | -€37,914 | |
| Amounts receivable within one year | 40/41 | €4,901,706 | €4,363,999 | -€537,707 | -11.0% |
| Trade receivables | 40 | €4,700,433 | €3,942,059 | -€758,374 | -16.1% |
| Other amounts receivable | 41 | €201,273 | €421,940 | +€220,667 | +109.6% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | -€0 | -75.0% |
| Total equity and liabilities | 10/49 | €29,034,315 | €23,274,529 | -€5.8m | -19.8% |
| Equity | 10/15 | €15,926,764 | €14,054,034 | -€1.9m | -11.8% |
| Contributions | 10/11 | €7,225,000 | €7,225,000 | = | 0.0% |
| Capital | 10 | €7,225,000 | €7,225,000 | = | 0.0% |
| Issued capital | 100 | €7,225,000 | €7,225,000 | = | 0.0% |
| Revaluation surpluses | 12 | €8,058 | €8,058 | = | 0.0% |
| Reserves | 13 | €9,691,123 | €6,820,975 | -€2.9m | -29.6% |
| Non-distributable reserves | 130/1 | €722,500 | €722,500 | = | 0.0% |
| Legal reserve | 130 | €722,500 | €722,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €884,229 | €463,229 | -€421,000 | -47.6% |
| Distributable reserves | 133 | €8,084,394 | €5,635,246 | -€2.4m | -30.3% |
| Profit (loss) carried forward | 14 | -€997,418 | - | +€997,418 | |
| Amounts payable | 17/49 | €13,107,551 | €9,220,496 | -€3.9m | -29.7% |
| Amounts payable after more than one year | 17 | €6,166,251 | €6,150,000 | -€16,251 | -0.3% |
| Financial debts | 170/4 | €6,166,251 | €6,150,000 | -€16,251 | -0.3% |
| Subordinated loans | 170 | €6,150,000 | €6,150,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €16,251 | - | -€16,251 | |
| Amounts payable within one year | 42/48 | €6,274,886 | €2,384,206 | -€3.9m | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €24,136 | €16,251 | -€7,885 | -32.7% |
| Financial debts | 43 | €464,780 | €488,022 | +€23,242 | +5.0% |
| Credit institutions | 430/8 | €464,780 | €488,022 | +€23,242 | +5.0% |
| Trade debts | 44 | €2,343,238 | €1,801,850 | -€541,388 | -23.1% |
| Suppliers | 440/4 | €2,343,238 | €1,801,850 | -€541,388 | -23.1% |
| Taxes, remuneration and social security | 45 | €95,942 | €78,082 | -€17,860 | -18.6% |
| Taxes | 450/3 | €17,795 | €2,321 | -€15,474 | -87.0% |
| Remuneration and social security | 454/9 | €78,147 | €75,761 | -€2,386 | -3.1% |
| Other amounts payable | 47/48 | €3,346,789 | - | -€3.3m | |
| Accrued charges and deferred income | 492/3 | €666,414 | €686,290 | +€19,876 | +3.0% |
| Operating income | 70/76A | €23,663,220 | €21,356,106 | -€2.3m | -9.7% |
| Turnover | 70 | €23,071,486 | €21,565,109 | -€1.5m | -6.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €549,403 | -€226,579 | -€775,982 | |
| Other operating income | 74 | €29,793 | €17,576 | -€12,217 | -41.0% |
| Non-recurring operating income | 76A | €12,538 | €0 | -€12,538 | -100.0% |
| Operating charges | 60/66A | €24,631,277 | €22,537,488 | -€2.1m | -8.5% |
| Goods for resale, raw materials and consumables | 60 | €21,986,628 | €19,391,954 | -€2.6m | -11.8% |
| Purchases | 600/8 | €20,919,985 | €14,992,391 | -€5.9m | -28.3% |
| Change in stocks: decrease (increase) | 609 | €1,066,643 | €4,399,563 | +€3.3m | +312.5% |
| Services and other goods | 61 | €2,294,908 | €1,833,952 | -€460,956 | -20.1% |
| Remuneration, social security and pensions | 62 | €797,467 | €633,333 | -€164,134 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,765 | €30,683 | -€2,081 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€593,724 | €535,407 | +€1.1m | |
| Other operating charges | 640/8 | €107,493 | €111,987 | +€4,494 | +4.2% |
| Non-recurring operating charges | 66A | €5,740 | €172 | -€5,569 | -97.0% |
| Operating profit (loss) | 9901 | -€968,057 | -€1,181,382 | -€213,325 | -22.0% |
| Financial income | 75/76B | €115,764 | €82,911 | -€32,853 | -28.4% |
| Recurring financial income | 75 | €115,764 | €82,911 | -€32,853 | -28.4% |
| Other financial income | 752/9 | €115,764 | €82,911 | -€32,853 | -28.4% |
| Financial charges | 65/66B | €755,612 | €772,953 | +€17,341 | +2.3% |
| Recurring financial charges | 65 | €755,612 | €772,953 | +€17,341 | +2.3% |
| Debt charges | 650 | €668,517 | €624,617 | -€43,900 | -6.6% |
| Other financial charges | 652/9 | €87,095 | €148,336 | +€61,241 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,607,905 | -€1,871,424 | -€263,518 | -16.4% |
| Income taxes | 67/77 | €651 | €1,307 | +€656 | +100.7% |
| Taxes | 670/3 | €651 | €1,307 | +€656 | +100.7% |
| Profit (loss) for the period | 9904 | -€1,608,556 | -€1,872,731 | -€264,174 | -16.4% |
| Transfer from tax-exempt reserves | 789 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,608,556 | -€1,451,731 | +€156,826 | +9.7% |
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 12 October 2026 via checked.be.