Summit Management: 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 Management
Largest movements
- Tangible fixed assets +€202,412
up €202,412 (+206.8%), from €97,899 to €300,311
of which Land and buildings: +€177,161
- Current investments +€61,241
up €61,241 (+72.7%), from €84,186 to €145,427
- Receivables within one year -€9,664
down €9,664 (-32.3%), from €29,928 to €20,264
of which Trade receivables: -€5,836
- Debts after one year +€173,321
up €173,321 (+312.3%), from €55,501 to €228,823
- Reserves +€49,503
up €49,503 (+33.0%), from €150,004 to €199,507
- Other debts +€10,475
new in 2025: €10,475
- Current portion of long-term debt +€7,722
up €7,722 (+72.3%), from €10,677 to €18,399
- Trade debts +€6,969
up €6,969 (+657.2%), from €1,060 to €8,030
- Other operating charges +€15,850
up €15,850 (+1953.2%), from €811 to €16,661
- Taxes +€8,635
up €8,635 (+52.6%), from €16,428 to €25,063
- Gross operating margin +€8,496
up €8,496 (+7.4%), from €114,161 to €122,656
- Financial income -€5,866
down €5,866 (-54.4%), from €10,777 to €4,911
- Depreciation +€4,321
up €4,321 (+85.4%), from €5,059 to €9,380
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 | €235,356 | €486,918 | +€251,562 | +106.9% |
| Fixed assets | 21/28 | €97,899 | €300,311 | +€202,412 | +206.8% |
| Tangible fixed assets | 22/27 | €97,899 | €300,311 | +€202,412 | +206.8% |
| Land and buildings | 22 | €83,000 | €260,161 | +€177,161 | +213.4% |
| Plant, machinery and equipment | 23 | €7,680 | €6,407 | -€1,272 | -16.6% |
| Furniture and vehicles | 24 | €3,748 | €30,891 | +€27,143 | +724.2% |
| Other tangible fixed assets | 26 | €3,471 | €2,852 | -€620 | -17.8% |
| Current assets | 29/58 | €137,457 | €186,607 | +€49,150 | +35.8% |
| Amounts receivable within one year | 40/41 | €29,928 | €20,264 | -€9,664 | -32.3% |
| Trade receivables | 40 | €25,953 | €20,117 | -€5,836 | -22.5% |
| Other amounts receivable | 41 | €3,975 | €147 | -€3,828 | -96.3% |
| Current investments | 50/53 | €84,186 | €145,427 | +€61,241 | +72.7% |
| Cash at bank and in hand | 54/58 | €19,317 | €16,584 | -€2,733 | -14.1% |
| Deferred charges and accrued income | 490/1 | €4,026 | €4,331 | +€305 | +7.6% |
| Total equity and liabilities | 10/49 | €235,356 | €486,918 | +€251,562 | +106.9% |
| Equity | 10/15 | €151,504 | €201,007 | +€49,503 | +32.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €150,004 | €199,507 | +€49,503 | +33.0% |
| Distributable reserves | 133 | €150,004 | €199,507 | +€49,503 | +33.0% |
| Amounts payable | 17/49 | €83,852 | €285,911 | +€202,059 | +241.0% |
| Amounts payable after more than one year | 17 | €55,501 | €228,823 | +€173,321 | +312.3% |
| Financial debts | 170/4 | €55,501 | €228,823 | +€173,321 | +312.3% |
| Amounts payable within one year | 42/48 | €28,350 | €57,088 | +€28,738 | +101.4% |
| Current portion of amounts payable after more than one year | 42 | €10,677 | €18,399 | +€7,722 | +72.3% |
| Financial debts | 43 | €139 | - | -€139 | |
| Credit institutions | 430/8 | €139 | - | -€139 | |
| Trade debts | 44 | €1,060 | €8,030 | +€6,969 | +657.2% |
| Suppliers | 440/4 | €1,060 | €8,030 | +€6,969 | +657.2% |
| Taxes, remuneration and social security | 45 | €16,474 | €20,185 | +€3,711 | +22.5% |
| Taxes | 450/3 | €16,474 | €20,185 | +€3,711 | +22.5% |
| Other amounts payable | 47/48 | - | €10,475 | +€10,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,059 | €9,380 | +€4,321 | +85.4% |
| Other operating charges | 640/8 | €811 | €16,661 | +€15,850 | +1953.2% |
| Non-recurring operating charges | 66A | €32,500 | - | -€32,500 | |
| Gross operating margin | 9900 | €114,161 | €122,656 | +€8,496 | +7.4% |
| Operating profit (loss) | 9901 | €75,790 | €96,615 | +€20,825 | +27.5% |
| Financial income | 75/76B | €10,777 | €4,911 | -€5,866 | -54.4% |
| Recurring financial income | 75 | €10,777 | €4,911 | -€5,866 | -54.4% |
| Financial charges | 65/66B | €9,315 | €11,078 | +€1,763 | +18.9% |
| Recurring financial charges | 65 | €9,315 | €11,078 | +€1,763 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €77,253 | €90,449 | +€13,196 | +17.1% |
| Income taxes | 67/77 | €16,428 | €25,063 | +€8,635 | +52.6% |
| Profit (loss) for the period | 9904 | €60,825 | €65,385 | +€4,561 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,825 | €65,385 | +€4,561 | +7.5% |
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 7 October 2026 via checked.be.