SUMAR: 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.
SUMAR
Largest movements
- Receivables within one year -€172,785
down €172,785 (-98.4%), from €175,594 to €2,809
of which Other amounts receivable: -€100,609
- Tangible fixed assets -€14,655
down €14,655 (-3.2%), from €459,569 to €444,914
of which Land and buildings: -€12,752
- Other debts +€305,612
new in 2025: €305,612
- Reserves -€275,098
down €275,098 (-69.1%), from €397,969 to €122,871
of which Distributable reserves: -€275,098
- Current portion of long-term debt -€226,000
down €226,000 (-97.8%), from €231,000 to €5,000
- Gross operating margin +€25,454
up €25,454 (+425.0%), from €5,989 to €31,443
- Financial income -€4,448
down €4,448 (-100.0%), from €4,448 to €0
- Depreciation -€1,196
down €1,196 (-7.5%), from €15,851 to €14,655
- Other operating charges -€400
down €400 (-9.0%), from €4,464 to €4,064
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 | €637,886 | €449,670 | -€188,215 | -29.5% |
| Fixed assets | 21/28 | €459,569 | €444,914 | -€14,655 | -3.2% |
| Tangible fixed assets | 22/27 | €459,569 | €444,914 | -€14,655 | -3.2% |
| Land and buildings | 22 | €452,136 | €439,384 | -€12,752 | -2.8% |
| Furniture and vehicles | 24 | €7,433 | €5,530 | -€1,903 | -25.6% |
| Current assets | 29/58 | €178,316 | €4,756 | -€173,560 | -97.3% |
| Amounts receivable within one year | 40/41 | €175,594 | €2,809 | -€172,785 | -98.4% |
| Trade receivables | 40 | €73,735 | €1,559 | -€72,176 | -97.9% |
| Other amounts receivable | 41 | €101,859 | €1,250 | -€100,609 | -98.8% |
| Cash at bank and in hand | 54/58 | €472 | €1,443 | +€971 | +205.9% |
| Deferred charges and accrued income | 490/1 | €2,251 | €505 | -€1,746 | -77.6% |
| Total equity and liabilities | 10/49 | €637,886 | €449,670 | -€188,215 | -29.5% |
| Equity | 10/15 | €405,044 | €132,875 | -€272,169 | -67.2% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €397,969 | €122,871 | -€275,098 | -69.1% |
| Tax-exempt reserves | 132 | €5,069 | €5,069 | = | 0.0% |
| Distributable reserves | 133 | €392,900 | €117,802 | -€275,098 | -70.0% |
| Profit (loss) carried forward | 14 | -€20,425 | -€17,497 | +€2,929 | +14.3% |
| Amounts payable | 17/49 | €232,842 | €316,796 | +€83,954 | +36.1% |
| Amounts payable within one year | 42/48 | €232,842 | €316,796 | +€83,954 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €231,000 | €5,000 | -€226,000 | -97.8% |
| Trade debts | 44 | €1,759 | €131 | -€1,627 | -92.5% |
| Suppliers | 440/4 | €1,759 | €131 | -€1,627 | -92.5% |
| Taxes, remuneration and social security | 45 | €83 | €6,052 | +€5,970 | +7212.3% |
| Taxes | 450/3 | €83 | €6,052 | +€5,970 | +7212.3% |
| Other amounts payable | 47/48 | - | €305,612 | +€305,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,851 | €14,655 | -€1,196 | -7.5% |
| Other operating charges | 640/8 | €4,464 | €4,064 | -€400 | -9.0% |
| Gross operating margin | 9900 | €5,989 | €31,443 | +€25,454 | +425.0% |
| Operating profit (loss) | 9901 | -€14,326 | €12,724 | +€27,050 | |
| Financial income | 75/76B | €4,448 | €0 | -€4,448 | -100.0% |
| Recurring financial income | 75 | €4,448 | €0 | -€4,448 | -100.0% |
| Financial charges | 65/66B | €11,767 | €11,993 | +€226 | +1.9% |
| Recurring financial charges | 65 | €11,767 | €11,993 | +€226 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,645 | €731 | +€22,376 | |
| Income taxes | 67/77 | €41 | - | -€41 | |
| Profit (loss) for the period | 9904 | -€21,686 | €731 | +€22,417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,686 | €731 | +€22,417 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.