Summerville: 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.
Summerville
Largest movements
- Receivables within one year -€412,205
down €412,205 (-39.1%), from €1.1m to €643,104
of which Other amounts receivable: -€420,242
- Tangible fixed assets +€63,720
up €63,720 (+41.8%), from €152,400 to €216,120
of which Furniture and vehicles: +€89,062
- Cash -€26,696
down €26,696 (-13.5%), from €197,570 to €170,875
mainly Contributions, distributions and other (-€506,666) and Investment in fixed assets (net) (-€90,583)
- Current investments +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Reserves -€397,785
down €397,785 (-28.1%), from €1.4m to €1.0m
- Other debts +€53,010
up €53,010 (+260%), from €20,369 to €73,379
- Gross operating margin -€114,518
down €114,518 (-38.2%), from €299,932 to €185,414
- Taxes -€33,146
down €33,146 (-42.3%), from €78,302 to €45,156
- Depreciation -€18,426
down €18,426 (-37.2%), from €49,589 to €31,163
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 | €1,699,260 | €1,345,450 | -€353,810 | -20.8% |
| Fixed assets | 21/28 | €344,300 | €403,720 | +€59,420 | +17.3% |
| Tangible fixed assets | 22/27 | €152,400 | €216,120 | +€63,720 | +41.8% |
| Plant, machinery and equipment | 23 | €160 | €0 | -€160 | -100% |
| Furniture and vehicles | 24 | €11,597 | €100,659 | +€89,062 | +768% |
| Other tangible fixed assets | 26 | €140,644 | €115,461 | -€25,183 | -17.9% |
| Financial fixed assets | 28 | €191,900 | €187,600 | -€4,300 | -2.2% |
| Current assets | 29/58 | €1,354,960 | €941,730 | -€413,230 | -30.5% |
| Amounts receivable within one year | 40/41 | €1,055,309 | €643,104 | -€412,205 | -39.1% |
| Trade receivables | 40 | €72,911 | €80,948 | +€8,037 | +11.0% |
| Other amounts receivable | 41 | €982,398 | €562,156 | -€420,242 | -42.8% |
| Current investments | 50/53 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €197,570 | €170,875 | -€26,696 | -13.5% |
| Deferred charges and accrued income | 490/1 | €2,081 | €7,752 | +€5,671 | +272% |
| Total equity and liabilities | 10/49 | €1,699,260 | €1,345,450 | -€353,810 | -20.8% |
| Equity | 10/15 | €1,566,662 | €1,168,877 | -€397,785 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,415,606 | €1,017,821 | -€397,785 | -28.1% |
| Distributable reserves | 133 | €1,415,606 | €1,017,821 | -€397,785 | -28.1% |
| Profit (loss) carried forward | 14 | €132,456 | €132,456 | = | 0.0% |
| Amounts payable | 17/49 | €132,599 | €176,573 | +€43,974 | +33.2% |
| Amounts payable after more than one year | 17 | €51,153 | €35,670 | -€15,484 | -30.3% |
| Financial debts | 170/4 | €51,153 | €35,670 | -€15,484 | -30.3% |
| Amounts payable within one year | 42/48 | €81,445 | €140,903 | +€59,458 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €16,453 | €15,484 | -€970 | -5.9% |
| Trade debts | 44 | €9,183 | €24,553 | +€15,370 | +167% |
| Suppliers | 440/4 | €9,183 | €24,553 | +€15,370 | +167% |
| Taxes, remuneration and social security | 45 | €35,440 | €27,488 | -€7,952 | -22.4% |
| Taxes | 450/3 | €35,440 | €27,488 | -€7,952 | -22.4% |
| Other amounts payable | 47/48 | €20,369 | €73,379 | +€53,010 | +260% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,589 | €31,163 | -€18,426 | -37.2% |
| Other operating charges | 640/8 | €1,252 | €1,953 | +€701 | +55.9% |
| Gross operating margin | 9900 | €299,932 | €185,414 | -€114,518 | -38.2% |
| Operating profit (loss) | 9901 | €249,091 | €152,298 | -€96,793 | -38.9% |
| Financial income | 75/76B | €5,964 | €4,102 | -€1,862 | -31.2% |
| Recurring financial income | 75 | €5,964 | €4,102 | -€1,862 | -31.2% |
| Financial charges | 65/66B | €1,809 | €2,363 | +€554 | +30.6% |
| Recurring financial charges | 65 | €1,809 | €2,363 | +€554 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €253,246 | €154,037 | -€99,208 | -39.2% |
| Income taxes | 67/77 | €78,302 | €45,156 | -€33,146 | -42.3% |
| Profit (loss) for the period | 9904 | €174,944 | €108,881 | -€66,063 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174,944 | €108,881 | -€66,063 | -37.8% |
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.