Sumaqua: 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.
Sumaqua
Largest movements
- Stocks and contracts +€550,000
new in 2025: €550,000
- Receivables within one year -€538,259
down €538,259 (-60.8%), from €884,847 to €346,587
of which Trade receivables: -€552,975
- Current investments -€158,978
down €158,978 (-100%), from €158,978 to €0
- Tangible fixed assets -€93,576
down €93,576 (-11.6%), from €808,688 to €715,112
of which Land and buildings: -€74,503
- Cash +€89,707
up €89,707 (+35.4%), from €253,209 to €342,916
mainly Receivables within one year (+€538,259) and Net result for the year (+€515,508)
- Debts after one year -€73,335
down €73,335 (-22.2%), from €330,501 to €257,167
- Other debts -€56,526
down €56,526 (-9.8%), from €575,394 to €518,868
- Tax, wage and social debts -€45,162
down €45,162 (-12.7%), from €354,389 to €309,226
of which Taxes: -€49,976
- Trade debts +€31,571
up €31,571 (+23.5%), from €134,512 to €166,083
- Turnover -€1.3m
no longer reported in 2025 (was €1.3m)
- Purchases and services -€227,797
no longer reported in 2025 (was €227,797)
- Staff costs +€69,202
up €69,202 (+8.6%), from €808,094 to €877,297
- Gross operating margin +€57,213
up €57,213 (+3.8%), from €1.5m to €1.6m
- Taxes +€43,701
up €43,701 (+64.3%), from €68,013 to €111,714
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 | €2,211,584 | €2,042,410 | -€169,175 | -7.6% |
| Fixed assets | 21/28 | €866,797 | €797,452 | -€69,344 | -8.0% |
| Tangible fixed assets | 22/27 | €808,688 | €715,112 | -€93,576 | -11.6% |
| Land and buildings | 22 | €652,379 | €577,876 | -€74,503 | -11.4% |
| Plant, machinery and equipment | 23 | €71,819 | €67,219 | -€4,599 | -6.4% |
| Furniture and vehicles | 24 | €84,490 | €70,017 | -€14,473 | -17.1% |
| Financial fixed assets | 28 | €58,109 | €82,340 | +€24,231 | +41.7% |
| Current assets | 29/58 | €1,344,787 | €1,244,957 | -€99,830 | -7.4% |
| Stocks and contracts in progress | 3 | - | €550,000 | +€550,000 | |
| Contracts in progress | 37 | - | €550,000 | +€550,000 | |
| Amounts receivable within one year | 40/41 | €884,847 | €346,587 | -€538,259 | -60.8% |
| Trade receivables | 40 | €872,801 | €319,827 | -€552,975 | -63.4% |
| Other amounts receivable | 41 | €12,045 | €26,761 | +€14,715 | +122% |
| Current investments | 50/53 | €158,978 | €0 | -€158,978 | -100% |
| Cash at bank and in hand | 54/58 | €253,209 | €342,916 | +€89,707 | +35.4% |
| Deferred charges and accrued income | 490/1 | €47,754 | €5,454 | -€42,300 | -88.6% |
| Total equity and liabilities | 10/49 | €2,211,584 | €2,042,410 | -€169,175 | -7.6% |
| Equity | 10/15 | €765,703 | €750,065 | -€15,638 | -2.0% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €744,703 | €729,065 | -€15,638 | -2.1% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | - | -€2,100 | |
| Other | 1319 | - | €2,100 | +€2,100 | |
| Tax-exempt reserves | 132 | €15,638 | €0 | -€15,638 | -100% |
| Distributable reserves | 133 | €726,965 | €726,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,445,881 | €1,292,345 | -€153,537 | -10.6% |
| Amounts payable after more than one year | 17 | €330,501 | €257,167 | -€73,335 | -22.2% |
| Financial debts | 170/4 | €330,501 | €257,167 | -€73,335 | -22.2% |
| Amounts payable within one year | 42/48 | €1,115,380 | €1,035,178 | -€80,202 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €51,085 | €41,000 | -€10,085 | -19.7% |
| Trade debts | 44 | €134,512 | €166,083 | +€31,571 | +23.5% |
| Suppliers | 440/4 | €134,512 | €166,083 | +€31,571 | +23.5% |
| Taxes, remuneration and social security | 45 | €354,389 | €309,226 | -€45,162 | -12.7% |
| Taxes | 450/3 | €202,072 | €152,097 | -€49,976 | -24.7% |
| Remuneration and social security | 454/9 | €152,316 | €157,130 | +€4,813 | +3.2% |
| Other amounts payable | 47/48 | €575,394 | €518,868 | -€56,526 | -9.8% |
| Turnover | 70 | €1,284,403 | - | -€1.3m | |
| Non-recurring operating income | 76A | - | €12,634 | +€12,634 | |
| Goods, raw materials, services and sundry goods | 60/61 | €227,797 | - | -€227,797 | |
| Remuneration, social security and pensions | 62 | €808,094 | €877,297 | +€69,202 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,909 | €60,068 | +€12,159 | +25.4% |
| Other operating charges | 640/8 | €5,070 | €5,099 | +€29 | +0.6% |
| Gross operating margin | 9900 | €1,517,848 | €1,575,061 | +€57,213 | +3.8% |
| Operating profit (loss) | 9901 | €656,774 | €632,598 | -€24,177 | -3.7% |
| Financial income | 75/76B | €15,801 | €5,402 | -€10,399 | -65.8% |
| Recurring financial income | 75 | €15,801 | €5,402 | -€10,399 | -65.8% |
| Financial charges | 65/66B | €12,131 | €10,777 | -€1,354 | -11.2% |
| Recurring financial charges | 65 | €12,131 | €10,777 | -€1,354 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €660,444 | €627,223 | -€33,221 | -5.0% |
| Income taxes | 67/77 | €68,013 | €111,714 | +€43,701 | +64.3% |
| Profit (loss) for the period | 9904 | €592,431 | €515,508 | -€76,922 | -13.0% |
| Transfer to tax-exempt reserves | 689 | €15,638 | €0 | -€15,638 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €576,793 | €515,508 | -€61,285 | -10.6% |
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 17 October 2026 via checked.be.