SOMIAR: 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.
SOMIAR
Largest movements
- Tangible fixed assets +€298,369
up €298,369 (+123%), from €241,932 to €540,301
of which Land and buildings: +€309,267
- Receivables after one year +€15,110
up €15,110 (+25.7%), from €58,890 to €74,000
- Cash +€11,046
up €11,046 (+26.4%), from €41,805 to €52,851
mainly Debts after one year (+€311,959) and Net result for the year (+€34,477)
- Debts after one year +€311,959
up €311,959 (+176%), from €176,830 to €488,790
of which Financial debts: +€311,959
- Reserves -€15,523
down €15,523 (-11.2%), from €138,532 to €123,009
of which Distributable reserves: -€15,523
- Current portion of long-term debt +€12,899
up €12,899 (+53.4%), from €24,167 to €37,066
- Gross operating margin +€39,200
up €39,200 (+73.2%), from €53,588 to €92,787
- Other operating charges +€18,068
up €18,068 (+962%), from €1,878 to €19,946
- Financial charges -€6,225
down €6,225 (-38.5%), from €16,187 to €9,962
- Depreciation +€2,858
up €2,858 (+12.9%), from €22,196 to €25,053
- Taxes +€2,118
up €2,118 (+116%), from €1,833 to €3,951
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 | €353,075 | €676,762 | +€323,687 | +91.7% |
| Fixed assets | 21/28 | €241,932 | €540,302 | +€298,370 | +123% |
| Tangible fixed assets | 22/27 | €241,932 | €540,301 | +€298,369 | +123% |
| Land and buildings | 22 | €128,525 | €437,792 | +€309,267 | +241% |
| Plant, machinery and equipment | 23 | €3,021 | €2,086 | -€935 | -30.9% |
| Furniture and vehicles | 24 | €6,379 | €9,002 | +€2,623 | +41.1% |
| Other tangible fixed assets | 26 | €104,007 | €91,421 | -€12,586 | -12.1% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €111,143 | €136,460 | +€25,317 | +22.8% |
| Amounts receivable after more than one year | 29 | €58,890 | €74,000 | +€15,110 | +25.7% |
| Other amounts receivable | 291 | €58,890 | €74,000 | +€15,110 | +25.7% |
| Amounts receivable within one year | 40/41 | €9,602 | €8,727 | -€875 | -9.1% |
| Trade receivables | 40 | €2,056 | €5,302 | +€3,246 | +158% |
| Other amounts receivable | 41 | €7,546 | €3,425 | -€4,121 | -54.6% |
| Cash at bank and in hand | 54/58 | €41,805 | €52,851 | +€11,046 | +26.4% |
| Deferred charges and accrued income | 490/1 | €846 | €883 | +€37 | +4.3% |
| Total equity and liabilities | 10/49 | €353,075 | €676,762 | +€323,687 | +91.7% |
| Equity | 10/15 | €144,732 | €129,209 | -€15,523 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €138,532 | €123,009 | -€15,523 | -11.2% |
| Tax-exempt reserves | 132 | €3,484 | €3,484 | = | 0.0% |
| Distributable reserves | 133 | €135,048 | €119,526 | -€15,523 | -11.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €208,343 | €547,552 | +€339,210 | +163% |
| Amounts payable after more than one year | 17 | €176,830 | €488,790 | +€311,959 | +176% |
| Financial debts | 170/4 | €76,830 | €388,790 | +€311,959 | +406% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,743 | €55,118 | +€24,375 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €24,167 | €37,066 | +€12,899 | +53.4% |
| Trade debts | 44 | €3,269 | €6,340 | +€3,071 | +93.9% |
| Suppliers | 440/4 | €3,269 | €6,340 | +€3,071 | +93.9% |
| Taxes, remuneration and social security | 45 | €3,307 | €5,503 | +€2,196 | +66.4% |
| Taxes | 450/3 | €3,307 | €5,503 | +€2,196 | +66.4% |
| Other amounts payable | 47/48 | €0 | €6,208 | +€6,208 | |
| Accrued charges and deferred income | 492/3 | €770 | €3,645 | +€2,875 | +373% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,196 | €25,053 | +€2,858 | +12.9% |
| Other operating charges | 640/8 | €1,878 | €19,946 | +€18,068 | +962% |
| Non-recurring operating charges | 66A | - | €1,833 | +€1,833 | |
| Gross operating margin | 9900 | €53,588 | €92,787 | +€39,200 | +73.2% |
| Operating profit (loss) | 9901 | €29,514 | €45,955 | +€16,441 | +55.7% |
| Financial income | 75/76B | €1,510 | €2,434 | +€924 | +61.2% |
| Recurring financial income | 75 | €1,510 | €2,434 | +€924 | +61.2% |
| Financial charges | 65/66B | €16,187 | €9,962 | -€6,225 | -38.5% |
| Recurring financial charges | 65 | €16,187 | €9,962 | -€6,225 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €14,838 | €38,428 | +€23,590 | +159% |
| Income taxes | 67/77 | €1,833 | €3,951 | +€2,118 | +116% |
| Profit (loss) for the period | 9904 | €13,005 | €34,477 | +€21,472 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €13,005 | €34,477 | +€21,472 | +165% |
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 29 October 2026 via checked.be.