SUMMIT: 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.
SUMMIT
Largest movements
- Intangible fixed assets -€107,297
no longer reported in 2025 (was €107,297)
- Receivables within one year +€101,446
up €101,446 (+292.3%), from €34,708 to €136,154
- Tangible fixed assets +€15,587
up €15,587 (+23.3%), from €67,042 to €82,629
of which Furniture and vehicles: +€18,087
- Deferred charges and accrued income -€7,962
down €7,962 (-78.0%), from €10,214 to €2,251
- Cash +€7,202
up €7,202 (+82.7%), from €8,704 to €15,906
mainly Investment in fixed assets (net) (+€85,107) and Other debts (+€16,273)
- Other debts +€16,273
up €16,273 (+8.5%), from €191,449 to €207,722
- Contributions -€15,169
down €15,169 (-76.7%), from €19,782 to €4,613
- Tax, wage and social debts +€8,523
up €8,523 (+92.3%), from €9,237 to €17,760
- Gross operating margin -€85,978
down €85,978 (-86.0%), from €99,986 to €14,008
- Depreciation -€33,371
down €33,371 (-83.5%), from €39,972 to €6,602
- Taxes -€2,680
down €2,680 (-66.1%), from €4,053 to €1,373
- Financial charges +€1,704
up €1,704 (+1409.1%), from €121 to €1,825
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 | €227,965 | €236,941 | +€8,976 | +3.9% |
| Fixed assets | 21/28 | €174,339 | €82,629 | -€91,709 | -52.6% |
| Intangible fixed assets | 21 | €107,297 | - | -€107,297 | |
| Tangible fixed assets | 22/27 | €67,042 | €82,629 | +€15,587 | +23.3% |
| Land and buildings | 22 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Furniture and vehicles | 24 | €44,542 | €62,629 | +€18,087 | +40.6% |
| Current assets | 29/58 | €53,626 | €154,312 | +€100,686 | +187.8% |
| Amounts receivable within one year | 40/41 | €34,708 | €136,154 | +€101,446 | +292.3% |
| Trade receivables | 40 | €34,708 | €136,154 | +€101,446 | +292.3% |
| Cash at bank and in hand | 54/58 | €8,704 | €15,906 | +€7,202 | +82.7% |
| Deferred charges and accrued income | 490/1 | €10,214 | €2,251 | -€7,962 | -78.0% |
| Total equity and liabilities | 10/49 | €227,965 | €236,941 | +€8,976 | +3.9% |
| Equity | 10/15 | €24,396 | €7,638 | -€16,758 | -68.7% |
| Contributions | 10/11 | €19,782 | €4,613 | -€15,169 | -76.7% |
| Reserves | 13 | €5,545 | €4,654 | -€890 | -16.1% |
| Tax-exempt reserves | 132 | €4,384 | €4,384 | = | 0.0% |
| Distributable reserves | 133 | €1,161 | €271 | -€890 | -76.7% |
| Profit (loss) carried forward | 14 | -€931 | -€1,629 | -€698 | -75.0% |
| Amounts payable | 17/49 | €203,568 | €229,303 | +€25,735 | +12.6% |
| Amounts payable within one year | 42/48 | €203,568 | €229,303 | +€25,735 | +12.6% |
| Financial debts | 43 | €2,882 | €3,568 | +€686 | +23.8% |
| Credit institutions | 430/8 | €2,882 | €3,568 | +€686 | +23.8% |
| Trade debts | 44 | - | €253 | +€253 | |
| Suppliers | 440/4 | - | €253 | +€253 | |
| Taxes, remuneration and social security | 45 | €9,237 | €17,760 | +€8,523 | +92.3% |
| Taxes | 450/3 | €9,237 | €17,760 | +€8,523 | +92.3% |
| Other amounts payable | 47/48 | €191,449 | €207,722 | +€16,273 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,972 | €6,602 | -€33,371 | -83.5% |
| Other operating charges | 640/8 | €2,018 | €2,263 | +€245 | +12.1% |
| Non-recurring operating charges | 66A | €451 | - | -€451 | |
| Gross operating margin | 9900 | €99,986 | €14,008 | -€85,978 | -86.0% |
| Operating profit (loss) | 9901 | €57,544 | €5,143 | -€52,401 | -91.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €121 | €1,825 | +€1,704 | +1409.1% |
| Recurring financial charges | 65 | €121 | €1,825 | +€1,704 | +1409.1% |
| Profit (loss) for the period before taxes | 9903 | €57,423 | €3,322 | -€54,101 | -94.2% |
| Income taxes | 67/77 | €4,053 | €1,373 | -€2,680 | -66.1% |
| Profit (loss) for the period | 9904 | €53,370 | €1,949 | -€51,421 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,370 | €1,949 | -€51,421 | -96.3% |
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 9 October 2026 via checked.be.