SUMMA: 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
SUMMA
NACE 26.200, Manufacture of computer, electronic and optical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€2.5m
2023 · €4.9m-€2.4m
Equity
€45.9m
2023 · €43.5m+€2.5m
Cash
€3.5m
2023 · €3.8m-€317,415
Balance sheet total
€62.1m
2023 · €57.7m+€4.4m
Largest movements
Assets
- Financial fixed assets +€5.5m
up €5.5m (+17.5%), from €31.5m to €37.0m
- Stocks and contracts -€2.7m
down €2.7m (-24.7%), from €11.0m to €8.3m
- Receivables within one year +€2.1m
up €2.1m (+28.1%), from €7.6m to €9.7m
of which Trade receivables: +€2.2m
Equity and liabilities
- Profit (loss) carried forward +€2.5m
up €2.5m (+8.7%), from €28.3m to €30.8m
- Trade debts +€2.2m
up €2.2m (+50.1%), from €4.5m to €6.7m
- Debts after one year -€1.9m
down €1.9m (-29.5%), from €6.5m to €4.6m
- Short-term financial debts +€1.0m
new in 2024: €1.0m
- Current portion of long-term debt +€917,000
new in 2024: €917,000
Income statement
- Goods and materials -€4.6m
down €4.6m (-23.4%), from €19.8m to €15.1m
of which Purchases: -€6.1m
- Turnover -€4.1m
down €4.1m (-10.3%), from €40.0m to €35.9m
- Services and other goods +€1.9m
up €1.9m (+25.8%), from €7.2m to €9.1m
- Taxes -€1.3m
down €1.3m (-84.9%), from €1.6m to €237,146
- Financial income +€455,283
up €455,283 (+117.9%), from €386,241 to €841,523
From the 2023 result to the 2024 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 2023
€4.9m
Turnover
-€4.1m
Other operating income
-€196,268
Goods and materials
+€4.6m
Services and other goods
-€1.9m
Staff costs
-€213,551
Depreciation
-€14,046
Write-downs
-€166,137
Provisions
+€113,915
Other operating charges
-€2,525
Other operating items
-€2.7m
Financial income
+€455,283
Financial charges
+€320,855
Taxes
+€1.3m
Result 2024
€2.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.0m
Investment
-€6.3m
Financing
-€6,722
Cash 2023
€3.8m
From operations (derived)
+€6.0m
Net result for the year
+€2.5m
Depreciation
+€1.1m
Stocks and contracts
+€2.7m
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€76,418
Provisions
-€91,601
Trade debts
+€2.2m
Tax, wage and social debts
-€143,504
Advances received
+€102,923
Accrued charges and deferred income
-€195,167
Investment (derived)
-€6.3m
Investment in fixed assets (net)
-€6.3m
Financing
-€6,722
Debts after one year
-€1.9m
Current portion of long-term debt
+€917,000
Short-term financial debts
+€1.0m
Contributions, distributions and other
-€6,722
Cash 2024
€3.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,742,564 | €62,112,217 | +€4.4m | +7.6% |
| Fixed assets | 21/28 | €35,312,154 | €40,524,468 | +€5.2m | +14.8% |
| Intangible fixed assets | 21 | €575,670 | €572,481 | -€3,189 | -0.6% |
| Tangible fixed assets | 22/27 | €3,265,838 | €2,970,283 | -€295,555 | -9.0% |
| Land and buildings | 22 | €2,680,148 | €2,424,612 | -€255,536 | -9.5% |
| Plant, machinery and equipment | 23 | €480,969 | €474,397 | -€6,571 | -1.4% |
| Furniture and vehicles | 24 | €104,721 | €71,274 | -€33,447 | -31.9% |
| Financial fixed assets | 28 | €31,470,647 | €36,981,704 | +€5.5m | +17.5% |
| Affiliated companies | 280/1 | €31,470,647 | €36,981,704 | +€5.5m | +17.5% |
| Participating interests | 280 | €15,585,175 | €15,585,175 | = | 0.0% |
| Amounts receivable | 281 | €15,885,472 | €21,396,529 | +€5.5m | +34.7% |
| Current assets | 29/58 | €22,430,410 | €21,587,749 | -€842,661 | -3.8% |
| Stocks and contracts in progress | 3 | €11,031,788 | €8,306,102 | -€2.7m | -24.7% |
| Stocks | 30/36 | €11,031,788 | €8,306,102 | -€2.7m | -24.7% |
| Raw materials and consumables | 30/31 | €6,831,287 | €5,238,461 | -€1.6m | -23.3% |
| Work in progress | 32 | €392,416 | €269,434 | -€122,982 | -31.3% |
| Finished goods | 33 | €3,808,085 | €2,798,207 | -€1.0m | -26.5% |
| Amounts receivable within one year | 40/41 | €7,564,831 | €9,688,854 | +€2.1m | +28.1% |
| Trade receivables | 40 | €6,649,122 | €8,859,526 | +€2.2m | +33.2% |
| Other amounts receivable | 41 | €915,709 | €829,328 | -€86,381 | -9.4% |
| Cash at bank and in hand | 54/58 | €3,780,198 | €3,462,784 | -€317,415 | -8.4% |
| Deferred charges and accrued income | 490/1 | €53,592 | €130,010 | +€76,418 | +142.6% |
| Total equity and liabilities | 10/49 | €57,742,564 | €62,112,217 | +€4.4m | +7.6% |
| Equity | 10/15 | €43,484,038 | €45,937,718 | +€2.5m | +5.6% |
| Contributions | 10/11 | €1,437,347 | €1,437,347 | = | 0.0% |
| Capital | 10 | €1,437,347 | €1,437,347 | = | 0.0% |
| Issued capital | 100 | €1,437,347 | €1,437,347 | = | 0.0% |
| Reserves | 13 | €13,632,649 | €13,632,649 | = | 0.0% |
| Non-distributable reserves | 130/1 | €143,735 | €143,735 | = | 0.0% |
| Legal reserve | 130 | €143,735 | €143,735 | = | 0.0% |
| Distributable reserves | 133 | €13,488,914 | €13,488,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,347,301 | €30,807,702 | +€2.5m | +8.7% |
| Investment grants | 15 | €66,742 | €60,020 | -€6,722 | -10.1% |
| Provisions and deferred taxes | 16 | €498,409 | €406,809 | -€91,601 | -18.4% |
| Provisions for liabilities and charges | 160/5 | €498,380 | €406,780 | -€91,601 | -18.4% |
| Other liabilities and charges | 164/5 | €498,380 | €406,780 | -€91,601 | -18.4% |
| Deferred taxes | 168 | €29 | €29 | = | 0.0% |
| Amounts payable | 17/49 | €13,760,117 | €15,767,691 | +€2.0m | +14.6% |
| Amounts payable after more than one year | 17 | €6,500,000 | €4,583,000 | -€1.9m | -29.5% |
| Financial debts | 170/4 | €6,500,000 | €4,583,000 | -€1.9m | -29.5% |
| Credit institutions | 173 | €5,500,000 | €4,583,000 | -€917,000 | -16.7% |
| Other loans | 174 | €1,000,000 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €6,606,453 | €10,726,193 | +€4.1m | +62.4% |
| Current portion of amounts payable after more than one year | 42 | - | €917,000 | +€917,000 | |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Credit institutions | 430/8 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €4,478,377 | €6,721,699 | +€2.2m | +50.1% |
| Suppliers | 440/4 | €4,478,377 | €6,721,699 | +€2.2m | +50.1% |
| Advances received on contracts in progress | 46 | €38,835 | €141,757 | +€102,923 | +265.0% |
| Taxes, remuneration and social security | 45 | €2,089,241 | €1,945,737 | -€143,504 | -6.9% |
| Taxes | 450/3 | €953,975 | €867,315 | -€86,660 | -9.1% |
| Remuneration and social security | 454/9 | €1,135,266 | €1,078,422 | -€56,844 | -5.0% |
| Accrued charges and deferred income | 492/3 | €653,664 | €458,497 | -€195,167 | -29.9% |
| Operating income | 70/76A | €42,416,976 | €35,676,281 | -€6.7m | -15.9% |
| Turnover | 70 | €40,009,089 | €35,899,453 | -€4.1m | -10.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,351,464 | -€1,132,860 | -€2.5m | |
| Other operating income | 74 | €1,042,817 | €846,549 | -€196,268 | -18.8% |
| Non-recurring operating income | 76A | €13,606 | €63,139 | +€49,534 | +364.1% |
| Operating charges | 60/66A | €35,450,865 | €33,216,058 | -€2.2m | -6.3% |
| Goods for resale, raw materials and consumables | 60 | €19,763,324 | €15,142,549 | -€4.6m | -23.4% |
| Purchases | 600/8 | €19,725,869 | €13,601,615 | -€6.1m | -31.0% |
| Change in stocks: decrease (increase) | 609 | €37,455 | €1,540,934 | +€1.5m | +4014.1% |
| Services and other goods | 61 | €7,201,330 | €9,059,952 | +€1.9m | +25.8% |
| Remuneration, social security and pensions | 62 | €6,929,707 | €7,143,257 | +€213,551 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,115,901 | €1,129,947 | +€14,046 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,161 | €204,298 | +€166,137 | +435.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,315 | -€91,601 | -€113,915 | |
| Other operating charges | 640/8 | €60,260 | €62,785 | +€2,525 | +4.2% |
| Non-recurring operating charges | 66A | €319,867 | €564,870 | +€245,002 | +76.6% |
| Operating profit (loss) | 9901 | €6,966,112 | €2,460,224 | -€4.5m | -64.7% |
| Financial income | 75/76B | €386,241 | €841,523 | +€455,283 | +117.9% |
| Recurring financial income | 75 | €386,241 | €841,523 | +€455,283 | +117.9% |
| Income from financial fixed assets | 750 | €279,761 | €375,739 | +€95,978 | +34.3% |
| Other financial income | 752/9 | €106,480 | €465,784 | +€359,305 | +337.4% |
| Financial charges | 65/66B | €925,054 | €604,199 | -€320,855 | -34.7% |
| Recurring financial charges | 65 | €925,054 | €604,199 | -€320,855 | -34.7% |
| Debt charges | 650 | €422,312 | €493,409 | +€71,097 | +16.8% |
| Other financial charges | 652/9 | €502,742 | €110,790 | -€391,952 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €6,427,298 | €2,697,548 | -€3.7m | -58.0% |
| Income taxes | 67/77 | €1,571,738 | €237,146 | -€1.3m | -84.9% |
| Taxes | 670/3 | €1,571,738 | €237,146 | -€1.3m | -84.9% |
| Profit (loss) for the period | 9904 | €4,855,560 | €2,460,402 | -€2.4m | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,855,560 | €2,460,402 | -€2.4m | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.