SUMAR: 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.
What changed
SUMAR
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,988
2024 · €9,481+€8,507
Equity
€171,547
2024 · €153,559+€17,988
Cash
€49,258
2024 · €44,684+€4,574
Balance sheet total
€556,071
2024 · €569,772-€13,700
Largest movements
Assets
- Tangible fixed assets -€14,194
down €14,194 (-2.9%), from €497,961 to €483,768
of which Land and buildings: -€13,281
Equity and liabilities
- Debts after one year -€28,548
down €28,548 (-8.4%), from €338,749 to €310,201
- Profit (loss) carried forward +€21,771
up €21,771 (+4.4%), from -€491,986 to -€470,215
Income statement
- Depreciation -€8,439
down €8,439 (-30.1%), from €28,059 to €19,621
- Other operating charges +€742
up €742 (+7.9%), from €9,443 to €10,186
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.
Result 2024
€9,481
Gross operating margin
+€324
Depreciation
+€8,439
Other operating charges
-€742
Financial income
-€1
Financial charges
+€269
Taxes
+€218
Result 2025
€17,988
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.
From operations
+€37,937
Investment
-€5,156
Financing
-€28,208
Cash 2024
€44,684
From operations (derived)
+€37,937
Net result for the year
+€17,988
Depreciation
+€19,621
Receivables after one year
+€3,000
Deferred charges and accrued income
+€809
Provisions
-€1,261
Trade debts
-€438
Tax, wage and social debts
-€4,303
Other debts
+€2,692
Accrued charges and deferred income
-€170
Investment (derived)
-€5,156
Investment in fixed assets (net)
-€5,427
Current investments
+€271
Financing
-€28,208
Debts after one year
-€28,548
Current portion of long-term debt
+€340
Cash 2025
€49,258
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,772 | €556,071 | -€13,700 | -2.4% |
| Fixed assets | 21/28 | €497,961 | €483,768 | -€14,194 | -2.9% |
| Tangible fixed assets | 22/27 | €497,961 | €483,768 | -€14,194 | -2.9% |
| Land and buildings | 22 | €496,269 | €482,989 | -€13,281 | -2.7% |
| Plant, machinery and equipment | 23 | €1,692 | €779 | -€913 | -54.0% |
| Current assets | 29/58 | €71,811 | €72,304 | +€493 | +0.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €17,000 | -€3,000 | -15.0% |
| Other amounts receivable | 291 | €20,000 | €17,000 | -€3,000 | -15.0% |
| Current investments | 50/53 | €5,155 | €4,883 | -€271 | -5.3% |
| Cash at bank and in hand | 54/58 | €44,684 | €49,258 | +€4,574 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,972 | €1,163 | -€809 | -41.0% |
| Total equity and liabilities | 10/49 | €569,772 | €556,071 | -€13,700 | -2.4% |
| Equity | 10/15 | €153,559 | €171,547 | +€17,988 | +11.7% |
| Contributions | 10/11 | €62,297 | €62,297 | = | 0.0% |
| Revaluation surpluses | 12 | €432,343 | €432,343 | = | 0.0% |
| Reserves | 13 | €150,906 | €147,123 | -€3,783 | -2.5% |
| Tax-exempt reserves | 132 | €143,706 | €139,923 | -€3,783 | -2.6% |
| Distributable reserves | 133 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€491,986 | -€470,215 | +€21,771 | +4.4% |
| Provisions and deferred taxes | 16 | €36,568 | €35,307 | -€1,261 | -3.4% |
| Deferred taxes | 168 | €36,568 | €35,307 | -€1,261 | -3.4% |
| Amounts payable | 17/49 | €379,646 | €349,218 | -€30,428 | -8.0% |
| Amounts payable after more than one year | 17 | €338,749 | €310,201 | -€28,548 | -8.4% |
| Financial debts | 170/4 | €338,749 | €310,201 | -€28,548 | -8.4% |
| Amounts payable within one year | 42/48 | €38,896 | €37,187 | -€1,709 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €28,208 | €28,548 | +€340 | +1.2% |
| Trade debts | 44 | €609 | €171 | -€438 | -71.9% |
| Suppliers | 440/4 | €609 | €171 | -€438 | -71.9% |
| Taxes, remuneration and social security | 45 | €4,627 | €324 | -€4,303 | -93.0% |
| Taxes | 450/3 | €4,627 | €324 | -€4,303 | -93.0% |
| Other amounts payable | 47/48 | €5,452 | €8,143 | +€2,692 | +49.4% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,830 | -€170 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,059 | €19,621 | -€8,439 | -30.1% |
| Other operating charges | 640/8 | €9,443 | €10,186 | +€742 | +7.9% |
| Gross operating margin | 9900 | €61,878 | €62,202 | +€324 | +0.5% |
| Operating profit (loss) | 9901 | €24,376 | €32,396 | +€8,020 | +32.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €15,885 | €15,616 | -€269 | -1.7% |
| Recurring financial charges | 65 | €15,885 | €15,616 | -€269 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €8,491 | €16,780 | +€8,289 | +97.6% |
| Transfer from deferred taxes | 780 | €1,261 | €1,261 | = | 0.0% |
| Income taxes | 67/77 | €271 | €53 | -€218 | -80.5% |
| Profit (loss) for the period | 9904 | €9,481 | €17,988 | +€8,507 | +89.7% |
| Transfer from tax-exempt reserves | 789 | €3,783 | €3,783 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,264 | €21,771 | +€8,507 | +64.1% |
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 29 September 2026 via checked.be.