SUMM.LINK: 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.
SUMM.LINK
Largest movements
- Intangible fixed assets -€108,320
down €108,320 (-33.6%), from €322,198 to €213,878
- Receivables within one year +€67,817
up €67,817 (+32.1%), from €211,515 to €279,332
of which Trade receivables: +€63,282
- Cash +€31,268
up €31,268, from €0 to €31,268
mainly Debts after one year (+€231,137) and Depreciation (+€133,039)
- Formation expenses -€20,887
down €20,887 (-50.0%), from €41,773 to €20,886
- Short-term financial debts -€341,055
down €341,055 (-75.8%), from €450,219 to €109,165
- Debts after one year +€231,137
up €231,137 (+36.2%), from €638,850 to €869,986
- Current portion of long-term debt +€103,048
up €103,048 (+97.8%), from €105,354 to €208,402
- Profit (loss) carried forward -€18,508
down €18,508 (-2.0%), from -€942,023 to -€960,531
- Gross operating margin +€175,597
up €175,597, from -€15,393 to €160,204
- Staff costs -€38,483
down €38,483 (-99.0%), from €38,873 to €390
- Financial charges -€9,815
down €9,815 (-17.6%), from €55,637 to €45,822
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 | €610,814 | €581,903 | -€28,911 | -4.7% |
| Formation expenses | 20 | €41,773 | €20,886 | -€20,887 | -50.0% |
| Fixed assets | 21/28 | €339,278 | €231,069 | -€108,209 | -31.9% |
| Intangible fixed assets | 21 | €322,198 | €213,878 | -€108,320 | -33.6% |
| Tangible fixed assets | 22/27 | €7,600 | €7,711 | +€111 | +1.5% |
| Plant, machinery and equipment | 23 | €3,368 | €5,619 | +€2,251 | +66.8% |
| Furniture and vehicles | 24 | €4,232 | €2,092 | -€2,140 | -50.6% |
| Financial fixed assets | 28 | €9,480 | €9,480 | = | 0.0% |
| Current assets | 29/58 | €229,763 | €329,948 | +€100,185 | +43.6% |
| Amounts receivable within one year | 40/41 | €211,515 | €279,332 | +€67,817 | +32.1% |
| Trade receivables | 40 | €198,772 | €262,054 | +€63,282 | +31.8% |
| Other amounts receivable | 41 | €12,743 | €17,278 | +€4,535 | +35.6% |
| Cash at bank and in hand | 54/58 | €0 | €31,268 | +€31,268 | |
| Deferred charges and accrued income | 490/1 | €18,248 | €19,347 | +€1,100 | +6.0% |
| Total equity and liabilities | 10/49 | €610,814 | €581,903 | -€28,911 | -4.7% |
| Equity | 10/15 | -€921,563 | -€940,071 | -€18,508 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€942,023 | -€960,531 | -€18,508 | -2.0% |
| Amounts payable | 17/49 | €1,532,377 | €1,521,974 | -€10,403 | -0.7% |
| Amounts payable after more than one year | 17 | €638,850 | €869,986 | +€231,137 | +36.2% |
| Financial debts | 170/4 | €638,850 | €869,986 | +€231,137 | +36.2% |
| Amounts payable within one year | 42/48 | €877,657 | €639,026 | -€238,631 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €105,354 | €208,402 | +€103,048 | +97.8% |
| Financial debts | 43 | €450,219 | €109,165 | -€341,055 | -75.8% |
| Credit institutions | 430/8 | €450,219 | €109,165 | -€341,055 | -75.8% |
| Trade debts | 44 | €317,024 | €319,377 | +€2,354 | +0.7% |
| Suppliers | 440/4 | €317,024 | €319,377 | +€2,354 | +0.7% |
| Taxes, remuneration and social security | 45 | €5,059 | €2,082 | -€2,977 | -58.8% |
| Taxes | 450/3 | €2,775 | €339 | -€2,435 | -87.8% |
| Remuneration and social security | 454/9 | €2,285 | €1,743 | -€542 | -23.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €15,870 | €12,962 | -€2,908 | -18.3% |
| Remuneration, social security and pensions | 62 | €38,873 | €390 | -€38,483 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,641 | €133,039 | -€602 | -0.5% |
| Other operating charges | 640/8 | €1,318 | €544 | -€774 | -58.7% |
| Gross operating margin | 9900 | -€15,393 | €160,204 | +€175,597 | |
| Operating profit (loss) | 9901 | -€189,225 | €26,231 | +€215,457 | |
| Financial income | 75/76B | €4 | €1,082 | +€1,078 | +25,013% |
| Recurring financial income | 75 | €4 | €1,082 | +€1,078 | +25,013% |
| Financial charges | 65/66B | €55,637 | €45,822 | -€9,815 | -17.6% |
| Recurring financial charges | 65 | €55,637 | €45,822 | -€9,815 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€244,858 | -€18,508 | +€226,350 | +92.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€244,858 | -€18,508 | +€226,350 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€244,858 | -€18,508 | +€226,350 | +92.4% |
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 14 October 2026 via checked.be.