SOMVET: 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.
SOMVET
Largest movements
- Cash +€72,801
up €72,801 (+120.4%), from €60,451 to €133,252
mainly Net result for the year (+€221,559) and Other debts (+€129,219)
- Receivables within one year +€70,489
up €70,489 (+53.3%), from €132,341 to €202,830
of which Trade receivables: +€71,170
- Tangible fixed assets +€28,579
up €28,579 (+48.8%), from €58,582 to €87,161
of which Plant, machinery and equipment: +€31,104
- Stocks and contracts +€7,907
up €7,907 (+7.8%), from €101,243 to €109,150
- Other debts +€129,219
up €129,219 (+11335.0%), from €1,140 to €130,359
- Tax, wage and social debts +€18,846
up €18,846 (+72.2%), from €26,116 to €44,962
of which Taxes: +€20,500
- Profit (loss) carried forward +€17,499
up €17,499 (+7.7%), from €228,495 to €245,994
- Current portion of long-term debt +€7,800
up €7,800 (+52.0%), from €15,000 to €22,800
- Gross operating margin +€183,390
up €183,390 (+113.9%), from €161,011 to €344,401
- Purchases and services +€105,414
up €105,414 (+13.2%), from €799,430 to €904,844
- Taxes +€47,459
up €47,459 (+209.3%), from €22,680 to €70,139
- Staff costs +€6,914
up €6,914 (+43.5%), from €15,895 to €22,809
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.
Cash bridge derived
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 | €364,742 | €544,518 | +€179,776 | +49.3% |
| Fixed assets | 21/28 | €70,707 | €99,286 | +€28,579 | +40.4% |
| Tangible fixed assets | 22/27 | €58,582 | €87,161 | +€28,579 | +48.8% |
| Land and buildings | 22 | €23,699 | €26,664 | +€2,965 | +12.5% |
| Plant, machinery and equipment | 23 | €24,988 | €56,092 | +€31,104 | +124.5% |
| Furniture and vehicles | 24 | €9,895 | €4,405 | -€5,490 | -55.5% |
| Financial fixed assets | 28 | €12,125 | €12,125 | = | 0.0% |
| Current assets | 29/58 | €294,035 | €445,232 | +€151,197 | +51.4% |
| Stocks and contracts in progress | 3 | €101,243 | €109,150 | +€7,907 | +7.8% |
| Stocks | 30/36 | €101,243 | €109,150 | +€7,907 | +7.8% |
| Amounts receivable within one year | 40/41 | €132,341 | €202,830 | +€70,489 | +53.3% |
| Trade receivables | 40 | €116,581 | €187,751 | +€71,170 | +61.0% |
| Other amounts receivable | 41 | €15,760 | €15,079 | -€681 | -4.3% |
| Cash at bank and in hand | 54/58 | €60,451 | €133,252 | +€72,801 | +120.4% |
| Total equity and liabilities | 10/49 | €364,742 | €544,518 | +€179,776 | +49.3% |
| Equity | 10/15 | €248,495 | €265,994 | +€17,499 | +7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,495 | €245,994 | +€17,499 | +7.7% |
| Amounts payable | 17/49 | €116,247 | €278,524 | +€162,277 | +139.6% |
| Amounts payable after more than one year | 17 | €42,973 | €45,297 | +€2,324 | +5.4% |
| Financial debts | 170/4 | €42,973 | €45,297 | +€2,324 | +5.4% |
| Amounts payable within one year | 42/48 | €73,274 | €233,227 | +€159,953 | +218.3% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €22,800 | +€7,800 | +52.0% |
| Trade debts | 44 | €31,018 | €35,106 | +€4,088 | +13.2% |
| Suppliers | 440/4 | €31,018 | €35,106 | +€4,088 | +13.2% |
| Taxes, remuneration and social security | 45 | €26,116 | €44,962 | +€18,846 | +72.2% |
| Taxes | 450/3 | €23,000 | €43,500 | +€20,500 | +89.1% |
| Remuneration and social security | 454/9 | €3,116 | €1,462 | -€1,654 | -53.1% |
| Other amounts payable | 47/48 | €1,140 | €130,359 | +€129,219 | +11335.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €799,430 | €904,844 | +€105,414 | +13.2% |
| Remuneration, social security and pensions | 62 | €15,895 | €22,809 | +€6,914 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,203 | €26,203 | = | 0.0% |
| Other operating charges | 640/8 | €529 | €0 | -€529 | -100.0% |
| Gross operating margin | 9900 | €161,011 | €344,401 | +€183,390 | +113.9% |
| Operating profit (loss) | 9901 | €118,384 | €295,389 | +€177,005 | +149.5% |
| Financial income | 75/76B | €82 | €212 | +€130 | +158.5% |
| Recurring financial income | 75 | €82 | €212 | +€130 | +158.5% |
| Financial charges | 65/66B | €4,320 | €3,903 | -€417 | -9.7% |
| Recurring financial charges | 65 | €4,320 | €3,903 | -€417 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €114,146 | €291,698 | +€177,552 | +155.5% |
| Income taxes | 67/77 | €22,680 | €70,139 | +€47,459 | +209.3% |
| Profit (loss) for the period | 9904 | €91,466 | €221,559 | +€130,093 | +142.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,466 | €221,559 | +€130,093 | +142.2% |
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 11 October 2026 via checked.be.