SOMEXCO: 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.
SOMEXCO
Largest movements
- Receivables after one year +€83,150
up €83,150 (+36.2%), from €230,000 to €313,150
- Tangible fixed assets -€20,855
down €20,855 (-6.1%), from €343,875 to €323,019
of which Plant, machinery and equipment: -€15,201
- Cash -€20,647
down €20,647 (-20.1%), from €102,628 to €81,981
mainly Receivables after one year (-€83,150) and Current portion of long-term debt (-€78,203)
- Receivables within one year -€14,276
down €14,276 (-5.5%), from €257,798 to €243,523
of which Trade receivables: -€25,918
- Debts after one year +€91,391
up €91,391 (+45.1%), from €202,505 to €293,896
- Current portion of long-term debt -€78,203
down €78,203 (-71.0%), from €110,081 to €31,877
- Trade debts -€66,372
down €66,372 (-59.3%), from €111,865 to €45,493
- Reserves +€60,495
up €60,495 (+13.0%), from €465,207 to €525,702
of which Distributable reserves: +€60,495
- Tax, wage and social debts +€15,197
up €15,197 (+20.2%), from €75,108 to €90,305
of which Taxes: +€11,485
- Gross operating margin -€18,678
down €18,678 (-5.9%), from €317,948 to €299,270
- Depreciation +€13,604
up €13,604 (+62.3%), from €21,838 to €35,441
- Taxes -€9,604
down €9,604 (-16.0%), from €60,192 to €50,588
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €970,966 | €993,473 | +€22,507 | +2.3% |
| Fixed assets | 21/28 | €343,875 | €323,019 | -€20,855 | -6.1% |
| Tangible fixed assets | 22/27 | €343,875 | €323,019 | -€20,855 | -6.1% |
| Land and buildings | 22 | €237,324 | €231,360 | -€5,964 | -2.5% |
| Plant, machinery and equipment | 23 | €93,769 | €78,567 | -€15,201 | -16.2% |
| Furniture and vehicles | 24 | €12,782 | €13,091 | +€309 | +2.4% |
| Current assets | 29/58 | €627,091 | €670,454 | +€43,363 | +6.9% |
| Amounts receivable after more than one year | 29 | €230,000 | €313,150 | +€83,150 | +36.2% |
| Other amounts receivable | 291 | €230,000 | €313,150 | +€83,150 | +36.2% |
| Amounts receivable within one year | 40/41 | €257,798 | €243,523 | -€14,276 | -5.5% |
| Trade receivables | 40 | €200,979 | €175,061 | -€25,918 | -12.9% |
| Other amounts receivable | 41 | €56,819 | €68,462 | +€11,642 | +20.5% |
| Current investments | 50/53 | €10,004 | €10,027 | +€23 | +0.2% |
| Cash at bank and in hand | 54/58 | €102,628 | €81,981 | -€20,647 | -20.1% |
| Deferred charges and accrued income | 490/1 | €26,660 | €21,773 | -€4,887 | -18.3% |
| Total equity and liabilities | 10/49 | €970,966 | €993,473 | +€22,507 | +2.3% |
| Equity | 10/15 | €471,407 | €531,902 | +€60,495 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €465,207 | €525,702 | +€60,495 | +13.0% |
| Tax-exempt reserves | 132 | €31,250 | €31,250 | = | 0.0% |
| Distributable reserves | 133 | €433,957 | €494,452 | +€60,495 | +13.9% |
| Amounts payable | 17/49 | €499,559 | €461,571 | -€37,988 | -7.6% |
| Amounts payable after more than one year | 17 | €202,505 | €293,896 | +€91,391 | +45.1% |
| Financial debts | 170/4 | €202,505 | €293,896 | +€91,391 | +45.1% |
| Amounts payable within one year | 42/48 | €297,054 | €167,675 | -€129,379 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €110,081 | €31,877 | -€78,203 | -71.0% |
| Trade debts | 44 | €111,865 | €45,493 | -€66,372 | -59.3% |
| Suppliers | 440/4 | €111,865 | €45,493 | -€66,372 | -59.3% |
| Taxes, remuneration and social security | 45 | €75,108 | €90,305 | +€15,197 | +20.2% |
| Taxes | 450/3 | €62,687 | €74,172 | +€11,485 | +18.3% |
| Remuneration and social security | 454/9 | €12,422 | €16,133 | +€3,712 | +29.9% |
| Remuneration, social security and pensions | 62 | €113,440 | €112,854 | -€586 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,838 | €35,441 | +€13,604 | +62.3% |
| Other operating charges | 640/8 | €4,998 | €7,939 | +€2,941 | +58.8% |
| Gross operating margin | 9900 | €317,948 | €299,270 | -€18,678 | -5.9% |
| Operating profit (loss) | 9901 | €177,672 | €143,036 | -€34,636 | -19.5% |
| Financial income | 75/76B | €7,297 | €9,170 | +€1,873 | +25.7% |
| Recurring financial income | 75 | €7,297 | €9,170 | +€1,873 | +25.7% |
| Financial charges | 65/66B | €18,464 | €19,694 | +€1,230 | +6.7% |
| Recurring financial charges | 65 | €18,464 | €19,694 | +€1,230 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €166,504 | €132,511 | -€33,993 | -20.4% |
| Income taxes | 67/77 | €60,192 | €50,588 | -€9,604 | -16.0% |
| Profit (loss) for the period | 9904 | €106,313 | €81,924 | -€24,389 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,313 | €81,924 | -€24,389 | -22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.