SUMMIT ENGINEERING: 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.
SUMMIT ENGINEERING
Largest movements
- Tangible fixed assets +€338,279
up €338,279 (+58.3%), from €580,480 to €918,759
of which Land and buildings: +€316,151
- Receivables within one year -€233,848
down €233,848 (-66.2%), from €353,021 to €119,174
of which Other amounts receivable: -€119,558
- Stocks and contracts +€31,562
up €31,562 (+6.3%), from €499,438 to €531,000
- Cash +€29,494
up €29,494 (+54.1%), from €54,555 to €84,048
mainly Receivables within one year (+€233,848) and Accrued charges and deferred income (+€103,553)
- Accrued charges and deferred income +€103,553
up €103,553 (+276215.9%), from €37 to €103,591
- Other debts +€46,528
up €46,528 (+421.5%), from €11,040 to €57,567
- Reserves +€45,334
up €45,334 (+10.8%), from €420,329 to €465,663
of which Distributable reserves: +€40,775
- Debts after one year -€35,778
down €35,778 (-7.5%), from €475,509 to €439,731
of which Financial debts: -€35,778
- Tax, wage and social debts +€22,636
up €22,636 (+77.7%), from €29,122 to €51,757
of which Taxes: +€22,590
- Gross operating margin -€204,251
down €204,251 (-40.6%), from €503,533 to €299,282
- Staff costs -€60,632
down €60,632 (-32.9%), from €184,049 to €123,418
- Taxes -€56,055
down €56,055 (-66.9%), from €83,833 to €27,778
- Depreciation +€19,984
up €19,984 (+90.9%), from €21,993 to €41,977
- Financial charges +€10,016
up €10,016 (+286.3%), from €3,499 to €13,515
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 | €1,487,680 | €1,653,166 | +€165,486 | +11.1% |
| Fixed assets | 21/28 | €580,666 | €918,944 | +€338,279 | +58.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €580,480 | €918,759 | +€338,279 | +58.3% |
| Land and buildings | 22 | €539,503 | €855,654 | +€316,151 | +58.6% |
| Plant, machinery and equipment | 23 | €15,127 | €34,041 | +€18,914 | +125.0% |
| Furniture and vehicles | 24 | €25,849 | €29,063 | +€3,214 | +12.4% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €907,014 | €734,222 | -€172,792 | -19.1% |
| Stocks and contracts in progress | 3 | €499,438 | €531,000 | +€31,562 | +6.3% |
| Stocks | 30/36 | €499,438 | €531,000 | +€31,562 | +6.3% |
| Amounts receivable within one year | 40/41 | €353,021 | €119,174 | -€233,848 | -66.2% |
| Trade receivables | 40 | €214,886 | €100,596 | -€114,290 | -53.2% |
| Other amounts receivable | 41 | €138,135 | €18,577 | -€119,558 | -86.6% |
| Cash at bank and in hand | 54/58 | €54,555 | €84,048 | +€29,494 | +54.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,487,680 | €1,653,166 | +€165,486 | +11.1% |
| Equity | 10/15 | €822,579 | €867,913 | +€45,334 | +5.5% |
| Contributions | 10/11 | €402,250 | €402,250 | = | 0.0% |
| Capital | 10 | €401,000 | €401,000 | = | 0.0% |
| Issued capital | 100 | €401,000 | €401,000 | = | 0.0% |
| Outside capital | 11 | €1,250 | €1,250 | = | 0.0% |
| Share premium | 1100/10 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €420,329 | €465,663 | +€45,334 | +10.8% |
| Non-distributable reserves | 130/1 | €22,477 | €27,037 | +€4,559 | +20.3% |
| Legal reserve | 130 | €22,477 | €27,037 | +€4,559 | +20.3% |
| Distributable reserves | 133 | €397,851 | €438,626 | +€40,775 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €665,101 | €785,254 | +€120,152 | +18.1% |
| Amounts payable after more than one year | 17 | €475,509 | €439,731 | -€35,778 | -7.5% |
| Financial debts | 170/4 | €365,306 | €329,528 | -€35,778 | -9.8% |
| Other amounts payable | 178/9 | €110,203 | €110,203 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,555 | €241,932 | +€52,377 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €34,694 | €35,778 | +€1,085 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €114,700 | €96,829 | -€17,871 | -15.6% |
| Suppliers | 440/4 | €114,700 | €96,829 | -€17,871 | -15.6% |
| Taxes, remuneration and social security | 45 | €29,122 | €51,757 | +€22,636 | +77.7% |
| Taxes | 450/3 | €18,651 | €41,241 | +€22,590 | +121.1% |
| Remuneration and social security | 454/9 | €10,470 | €10,516 | +€46 | +0.4% |
| Other amounts payable | 47/48 | €11,040 | €57,567 | +€46,528 | +421.5% |
| Accrued charges and deferred income | 492/3 | €37 | €103,591 | +€103,553 | +276215.9% |
| Remuneration, social security and pensions | 62 | €184,049 | €123,418 | -€60,632 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,993 | €41,977 | +€19,984 | +90.9% |
| Other operating charges | 640/8 | €2,439 | €1,426 | -€1,013 | -41.5% |
| Non-recurring operating charges | 66A | - | €758 | +€758 | |
| Gross operating margin | 9900 | €503,533 | €299,282 | -€204,251 | -40.6% |
| Operating profit (loss) | 9901 | €295,051 | €131,704 | -€163,348 | -55.4% |
| Financial income | 75/76B | €883 | €774 | -€109 | -12.4% |
| Recurring financial income | 75 | €883 | €774 | -€109 | -12.4% |
| Financial charges | 65/66B | €3,499 | €13,515 | +€10,016 | +286.3% |
| Recurring financial charges | 65 | €3,499 | €13,515 | +€10,016 | +286.3% |
| Profit (loss) for the period before taxes | 9903 | €292,435 | €118,962 | -€173,473 | -59.3% |
| Income taxes | 67/77 | €83,833 | €27,778 | -€56,055 | -66.9% |
| Profit (loss) for the period | 9904 | €208,602 | €91,184 | -€117,418 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €208,602 | €91,184 | -€117,418 | -56.3% |
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 4 October 2026 via checked.be.