SUMAQ: 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.
SUMAQ
Largest movements
- Receivables within one year +€114,994
up €114,994 (+83.9%), from €137,014 to €252,008
of which Other amounts receivable: +€62,681
- Cash +€79,429
up €79,429 (+1,977%), from €4,017 to €83,446
mainly Net result for the year (+€142,796) and Stocks and contracts (+€55,388)
- Stocks and contracts -€55,388
down €55,388 (-30.5%), from €181,407 to €126,019
- Profit (loss) carried forward +€103,867
no longer reported in 2025 (was -€103,867)
- Reserves +€38,929
up €38,929 (+59,826%), from €65 to €38,994
of which Non-distributable reserves: +€38,929
- Other debts -€36,749
down €36,749 (-17.0%), from €216,644 to €179,895
- Trade debts +€36,018
up €36,018 (+28.8%), from €125,208 to €161,226
- Debts after one year -€8,280
down €8,280 (-59.5%), from €13,923 to €5,643
- Gross operating margin +€35,823
up €35,823 (+18.1%), from €198,038 to €233,861
- Taxes +€6,799
up €6,799 (+5,150%), from €132 to €6,931
- Staff costs +€6,283
up €6,283 (+34.8%), from €18,059 to €24,342
- Financial income +€2,417
up €2,417 (+56.0%), from €4,316 to €6,733
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 | €523,596 | €659,299 | +€135,704 | +25.9% |
| Fixed assets | 21/28 | €194,314 | €195,848 | +€1,534 | +0.8% |
| Intangible fixed assets | 21 | €661 | - | -€661 | |
| Tangible fixed assets | 22/27 | €193,653 | €195,848 | +€2,195 | +1.1% |
| Plant, machinery and equipment | 23 | €184,018 | €181,337 | -€2,681 | -1.5% |
| Furniture and vehicles | 24 | €9,636 | €14,511 | +€4,875 | +50.6% |
| Current assets | 29/58 | €329,281 | €463,451 | +€134,170 | +40.7% |
| Stocks and contracts in progress | 3 | €181,407 | €126,019 | -€55,388 | -30.5% |
| Stocks | 30/36 | €181,407 | €126,019 | -€55,388 | -30.5% |
| Amounts receivable within one year | 40/41 | €137,014 | €252,008 | +€114,994 | +83.9% |
| Trade receivables | 40 | €128,029 | €180,342 | +€52,313 | +40.9% |
| Other amounts receivable | 41 | €8,985 | €71,666 | +€62,681 | +698% |
| Cash at bank and in hand | 54/58 | €4,017 | €83,446 | +€79,429 | +1,977% |
| Deferred charges and accrued income | 490/1 | €6,843 | €1,979 | -€4,865 | -71.1% |
| Total equity and liabilities | 10/49 | €523,596 | €659,299 | +€135,704 | +25.9% |
| Equity | 10/15 | €143,699 | €286,494 | +€142,796 | +99.4% |
| Contributions | 10/11 | €247,501 | €247,501 | = | 0.0% |
| Capital | 10 | €247,501 | €247,501 | = | 0.0% |
| Issued capital | 100 | €247,501 | €247,501 | = | 0.0% |
| Reserves | 13 | €65 | €38,994 | +€38,929 | +59,826% |
| Non-distributable reserves | 130/1 | - | €38,929 | +€38,929 | |
| Legal reserve | 130 | - | €1,946 | +€1,946 | |
| Other | 1319 | - | €36,982 | +€36,982 | |
| Tax-exempt reserves | 132 | €65 | €65 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,867 | - | +€103,867 | |
| Amounts payable | 17/49 | €379,897 | €372,805 | -€7,092 | -1.9% |
| Amounts payable after more than one year | 17 | €13,923 | €5,643 | -€8,280 | -59.5% |
| Financial debts | 170/4 | €13,923 | €5,643 | -€8,280 | -59.5% |
| Amounts payable within one year | 42/48 | €351,675 | €354,724 | +€3,049 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €8,065 | €8,280 | +€215 | +2.7% |
| Trade debts | 44 | €125,208 | €161,226 | +€36,018 | +28.8% |
| Suppliers | 440/4 | €125,208 | €161,226 | +€36,018 | +28.8% |
| Taxes, remuneration and social security | 45 | €1,759 | €5,323 | +€3,565 | +203% |
| Taxes | 450/3 | €164 | €1,250 | +€1,086 | +660% |
| Remuneration and social security | 454/9 | €1,594 | €4,073 | +€2,479 | +156% |
| Other amounts payable | 47/48 | €216,644 | €179,895 | -€36,749 | -17.0% |
| Accrued charges and deferred income | 492/3 | €14,299 | €12,438 | -€1,861 | -13.0% |
| Non-recurring operating income | 76A | €4,300 | €103,876 | +€99,576 | +2,316% |
| Remuneration, social security and pensions | 62 | €18,059 | €24,342 | +€6,283 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,238 | €50,854 | -€1,384 | -2.6% |
| Other operating charges | 640/8 | €1,306 | €1,152 | -€154 | -11.8% |
| Non-recurring operating charges | 66A | €572 | €762 | +€191 | +33.4% |
| Gross operating margin | 9900 | €198,038 | €233,861 | +€35,823 | +18.1% |
| Operating profit (loss) | 9901 | €125,864 | €156,750 | +€30,887 | +24.5% |
| Financial income | 75/76B | €4,316 | €6,733 | +€2,417 | +56.0% |
| Recurring financial income | 75 | €4,316 | €6,733 | +€2,417 | +56.0% |
| Financial charges | 65/66B | €15,417 | €13,757 | -€1,660 | -10.8% |
| Recurring financial charges | 65 | €15,417 | €13,757 | -€1,660 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €114,763 | €149,727 | +€34,963 | +30.5% |
| Income taxes | 67/77 | €132 | €6,931 | +€6,799 | +5,150% |
| Profit (loss) for the period | 9904 | €114,631 | €142,796 | +€28,164 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,631 | €142,796 | +€28,164 | +24.6% |
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 19 October 2026 via checked.be.