Somtrans: 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
Somtrans
NACE 50.400, Inland freight water transport
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €509,310+€1.8m
Equity
€5.7m
2024 · €4.7m+€1.0m
Cash
€1.8m
2024 · €1.5m+€304,744
Balance sheet total
€13.8m
2024 · €11.9m+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.0m
up €1.0m (+28.5%), from €3.6m to €4.6m
of which Affiliated companies: +€1.0m
- Receivables within one year +€738,303
up €738,303 (+15.6%), from €4.7m to €5.5m
of which Trade receivables: +€666,633
- Cash +€304,744
up €304,744 (+20.8%), from €1.5m to €1.8m
mainly Net result for the year (+€2.3m) and Trade debts (+€2.0m)
- Receivables after one year -€265,025
down €265,025 (-33.6%), from €789,051 to €524,026
Equity and liabilities
- Profit (loss) carried forward +€2.3m
up €2.3m (+107%), from €2.2m to €4.5m
- Trade debts +€2.0m
up €2.0m (+42.8%), from €4.7m to €6.8m
- Reserves -€1.3m
down €1.3m (-51.9%), from €2.5m to €1.2m
of which Distributable reserves: -€1.3m
- Other debts -€1.0m
down €1.0m (-89.0%), from €1.2m to €129,531
- Current portion of long-term debt -€288,100
down €288,100 (-100%), from €288,100 to €0
Income statement
- Financial income +€2.4m
up €2.4m (+449%), from €528,116 to €2.9m
of which Non-recurring financial income: +€1.3m
- Turnover -€1.1m
down €1.1m (-3.7%), from €31.1m to €30.0m
- Services and other goods -€625,902
down €625,902 (-2.0%), from €31.6m to €31.0m
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
€509,310
Turnover
-€1.1m
Other operating income
-€15,880
Services and other goods
+€625,902
Staff costs
-€81,062
Depreciation
+€3,208
Write-downs
-€31,750
Other operating charges
+€1,909
Other operating items
+€6,022
Financial income
+€2.4m
Financial charges
+€8,631
Taxes
+€41,416
Result 2025
€2.3m
raises the resultlowers 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
+€3.0m
Investment
-€1.1m
Financing
-€1.6m
Cash 2024
€1.5m
From operations (derived)
+€3.0m
Net result for the year
+€2.3m
Depreciation
+€109,960
Receivables after one year
+€265,025
Receivables within one year
-€738,303
Deferred charges and accrued income
-€120,757
Provisions
+€250,000
Trade debts
+€2.0m
Tax, wage and social debts
-€68,019
Other debts
-€1.0m
Accrued charges and deferred income
-€4,659
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€1.6m
Current portion of long-term debt
-€288,100
Contributions, distributions and other
-€1.3m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,919,630 | €13,788,676 | +€1.9m | +15.7% |
| Fixed assets | 21/28 | €4,394,613 | €5,364,881 | +€970,268 | +22.1% |
| Tangible fixed assets | 22/27 | €816,099 | €765,383 | -€50,716 | -6.2% |
| Land and buildings | 22 | €141,747 | €138,096 | -€3,651 | -2.6% |
| Plant, machinery and equipment | 23 | €323,027 | €319,938 | -€3,089 | -1.0% |
| Furniture and vehicles | 24 | €350,919 | €307,078 | -€43,841 | -12.5% |
| Other tangible fixed assets | 26 | €407 | €271 | -€136 | -33.4% |
| Financial fixed assets | 28 | €3,578,514 | €4,599,498 | +€1.0m | +28.5% |
| Affiliated companies | 280/1 | €3,570,010 | €4,590,994 | +€1.0m | +28.6% |
| Participating interests | 280 | €3,170,010 | €4,490,994 | +€1.3m | +41.7% |
| Amounts receivable | 281 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Other financial fixed assets | 284/8 | €8,504 | €8,504 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,504 | €8,504 | = | 0.0% |
| Current assets | 29/58 | €7,525,016 | €8,423,795 | +€898,779 | +11.9% |
| Amounts receivable after more than one year | 29 | €789,051 | €524,026 | -€265,025 | -33.6% |
| Other amounts receivable | 291 | €789,051 | €524,026 | -€265,025 | -33.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,718,774 | €5,457,077 | +€738,303 | +15.6% |
| Trade receivables | 40 | €4,407,540 | €5,074,174 | +€666,633 | +15.1% |
| Other amounts receivable | 41 | €311,233 | €382,903 | +€71,670 | +23.0% |
| Current investments | 50/53 | €497,433 | €497,433 | = | 0.0% |
| Other investments | 51/53 | €497,433 | €497,433 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,463,856 | €1,768,600 | +€304,744 | +20.8% |
| Deferred charges and accrued income | 490/1 | €55,903 | €176,660 | +€120,757 | +216% |
| Total equity and liabilities | 10/49 | €11,919,630 | €13,788,676 | +€1.9m | +15.7% |
| Equity | 10/15 | €4,728,970 | €5,733,378 | +€1.0m | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,506,200 | €1,206,200 | -€1.3m | -51.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,500,000 | €1,200,000 | -€1.3m | -52.0% |
| Profit (loss) carried forward | 14 | €2,160,770 | €4,465,178 | +€2.3m | +107% |
| Provisions and deferred taxes | 16 | €787,500 | €1,037,500 | +€250,000 | +31.7% |
| Provisions for liabilities and charges | 160/5 | €787,500 | €1,037,500 | +€250,000 | +31.7% |
| Major repairs and maintenance | 162 | €787,500 | €1,037,500 | +€250,000 | +31.7% |
| Amounts payable | 17/49 | €6,403,159 | €7,017,798 | +€614,639 | +9.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,391,863 | €7,011,161 | +€619,297 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €288,100 | €0 | -€288,100 | -100% |
| Trade debts | 44 | €4,733,403 | €6,757,894 | +€2.0m | +42.8% |
| Suppliers | 440/4 | €4,733,403 | €6,757,894 | +€2.0m | +42.8% |
| Taxes, remuneration and social security | 45 | €191,754 | €123,735 | -€68,019 | -35.5% |
| Taxes | 450/3 | €112,155 | €31,613 | -€80,542 | -71.8% |
| Remuneration and social security | 454/9 | €79,599 | €92,122 | +€12,523 | +15.7% |
| Other amounts payable | 47/48 | €1,178,606 | €129,531 | -€1.0m | -89.0% |
| Accrued charges and deferred income | 492/3 | €11,296 | €6,637 | -€4,659 | -41.2% |
| Operating income | 70/76A | €32,982,888 | €31,835,556 | -€1.1m | -3.5% |
| Turnover | 70 | €31,137,793 | €30,000,877 | -€1.1m | -3.7% |
| Other operating income | 74 | €1,844,912 | €1,829,032 | -€15,880 | -0.9% |
| Non-recurring operating income | 76A | €182 | €5,647 | +€5,465 | +2,999% |
| Operating charges | 60/66A | €32,912,243 | €32,393,479 | -€518,765 | -1.6% |
| Services and other goods | 61 | €31,599,454 | €30,973,552 | -€625,902 | -2.0% |
| Remuneration, social security and pensions | 62 | €922,591 | €1,003,653 | +€81,062 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,169 | €109,960 | -€3,208 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,750 | +€31,750 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €250,000 | €250,000 | = | 0.0% |
| Other operating charges | 640/8 | €26,473 | €24,564 | -€1,909 | -7.2% |
| Non-recurring operating charges | 66A | €557 | €0 | -€557 | -100% |
| Operating profit (loss) | 9901 | €70,644 | -€557,923 | -€628,567 | |
| Financial income | 75/76B | €528,116 | €2,901,733 | +€2.4m | +449% |
| Recurring financial income | 75 | €528,116 | €1,580,749 | +€1.1m | +199% |
| Income from financial fixed assets | 750 | €500,000 | €1,500,000 | +€1.0m | +200% |
| Income from current assets | 751 | €28,097 | €23,029 | -€5,068 | -18.0% |
| Other financial income | 752/9 | €18 | €57,720 | +€57,702 | +315,655% |
| Non-recurring financial income | 76B | - | €1,320,984 | +€1.3m | |
| Financial charges | 65/66B | €53,333 | €44,702 | -€8,631 | -16.2% |
| Recurring financial charges | 65 | €53,333 | €44,702 | -€8,631 | -16.2% |
| Debt charges | 650 | €39,044 | €11,193 | -€27,851 | -71.3% |
| Other financial charges | 652/9 | €14,289 | €33,509 | +€19,220 | +135% |
| Profit (loss) for the period before taxes | 9903 | €545,427 | €2,299,109 | +€1.8m | +322% |
| Income taxes | 67/77 | €36,117 | -€5,299 | -€41,416 | |
| Taxes | 670/3 | €103,117 | €0 | -€103,117 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | €67,000 | €5,299 | -€61,701 | -92.1% |
| Profit (loss) for the period | 9904 | €509,310 | €2,304,408 | +€1.8m | +352% |
| Profit (loss) for the period to be appropriated | 9905 | €509,310 | €2,304,408 | +€1.8m | +352% |
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 17 October 2026 via checked.be.