SuMA: 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.
SuMA
Largest movements
- Receivables within one year +€14,149
up €14,149 (+116.6%), from €12,130 to €26,280
of which Trade receivables: +€13,984
- Tangible fixed assets -€13,441
down €13,441 (-3.1%), from €431,349 to €417,908
of which Other tangible fixed assets: -€9,761
- Cash +€12,505
new in 2025: €12,505
mainly Depreciation (+€16,093) and Net result for the year (+€15,442)
- Short-term financial debts -€14,096
down €14,096 (-100.0%), from €14,096 to €0
- Debts after one year -€11,592
down €11,592 (-4.3%), from €268,638 to €257,046
of which Financial debts: -€23,204
- Tax, wage and social debts +€11,222
up €11,222 (+119.3%), from €9,407 to €20,629
- Profit (loss) carried forward +€10,776
up €10,776, from -€10,319 to €457
- Accrued charges and deferred income +€5,556
up €5,556 (+15331.2%), from €36 to €5,592
- Gross operating margin -€13,567
down €13,567 (-18.8%), from €71,986 to €58,420
- Financial charges +€4,091
up €4,091 (+34.2%), from €11,971 to €16,061
- Taxes -€2,925
down €2,925 (-23.4%), from €12,482 to €9,557
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 | €495,168 | €505,120 | +€9,952 | +2.0% |
| Fixed assets | 21/28 | €468,849 | €455,408 | -€13,441 | -2.9% |
| Tangible fixed assets | 22/27 | €431,349 | €417,908 | -€13,441 | -3.1% |
| Land and buildings | 22 | €212,233 | €209,441 | -€2,792 | -1.3% |
| Plant, machinery and equipment | 23 | €19,925 | €17,375 | -€2,549 | -12.8% |
| Furniture and vehicles | 24 | €975 | €2,635 | +€1,661 | +170.4% |
| Other tangible fixed assets | 26 | €198,217 | €188,456 | -€9,761 | -4.9% |
| Financial fixed assets | 28 | €37,500 | €37,500 | = | 0.0% |
| Current assets | 29/58 | €26,319 | €49,712 | +€23,393 | +88.9% |
| Amounts receivable after more than one year | 29 | €12,948 | €8,583 | -€4,365 | -33.7% |
| Other amounts receivable | 291 | €12,948 | €8,583 | -€4,365 | -33.7% |
| Amounts receivable within one year | 40/41 | €12,130 | €26,280 | +€14,149 | +116.6% |
| Trade receivables | 40 | €7,796 | €21,780 | +€13,984 | +179.4% |
| Other amounts receivable | 41 | €4,334 | €4,500 | +€166 | +3.8% |
| Cash at bank and in hand | 54/58 | - | €12,505 | +€12,505 | |
| Deferred charges and accrued income | 490/1 | €1,241 | €2,344 | +€1,103 | +88.9% |
| Total equity and liabilities | 10/49 | €495,168 | €505,120 | +€9,952 | +2.0% |
| Equity | 10/15 | €159,681 | €173,457 | +€13,776 | +8.6% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | - | €3,000 | +€3,000 | |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€10,319 | €457 | +€10,776 | |
| Amounts payable | 17/49 | €335,487 | €331,663 | -€3,824 | -1.1% |
| Amounts payable after more than one year | 17 | €268,638 | €257,046 | -€11,592 | -4.3% |
| Financial debts | 170/4 | €199,165 | €175,961 | -€23,204 | -11.7% |
| Other amounts payable | 178/9 | €69,473 | €81,085 | +€11,613 | +16.7% |
| Amounts payable within one year | 42/48 | €66,814 | €69,025 | +€2,211 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €34,305 | €35,592 | +€1,286 | +3.7% |
| Financial debts | 43 | €14,096 | €0 | -€14,096 | -100.0% |
| Credit institutions | 430/8 | €14,096 | €0 | -€14,096 | -100.0% |
| Trade debts | 44 | €6,285 | €4,895 | -€1,390 | -22.1% |
| Suppliers | 440/4 | €6,285 | €4,895 | -€1,390 | -22.1% |
| Taxes, remuneration and social security | 45 | €9,407 | €20,629 | +€11,222 | +119.3% |
| Taxes | 450/3 | €9,407 | €20,629 | +€11,222 | +119.3% |
| Other amounts payable | 47/48 | €2,721 | €7,909 | +€5,189 | +190.7% |
| Accrued charges and deferred income | 492/3 | €36 | €5,592 | +€5,556 | +15331.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,546 | €16,093 | -€453 | -2.7% |
| Other operating charges | 640/8 | €1,492 | €1,529 | +€36 | +2.4% |
| Gross operating margin | 9900 | €71,986 | €58,420 | -€13,567 | -18.8% |
| Operating profit (loss) | 9901 | €53,948 | €40,798 | -€13,150 | -24.4% |
| Financial income | 75/76B | €343 | €262 | -€80 | -23.4% |
| Recurring financial income | 75 | €343 | €262 | -€80 | -23.4% |
| Financial charges | 65/66B | €11,971 | €16,061 | +€4,091 | +34.2% |
| Recurring financial charges | 65 | €11,971 | €16,061 | +€4,091 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €42,320 | €24,999 | -€17,321 | -40.9% |
| Income taxes | 67/77 | €12,482 | €9,557 | -€2,925 | -23.4% |
| Profit (loss) for the period | 9904 | €29,838 | €15,442 | -€14,395 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,838 | €15,442 | -€14,395 | -48.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.