Summit Tailwind Belgium: what changed
What changed
Summit Tailwind Belgium
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€14.3m
2025 · €10.3m-€24.7m
Equity
€16.0m
2025 · €30.3m-€14.3m
Cash
-
not filed
Balance sheet total
€29.5m
2025 · €59.2m-€29.7m
Largest movements
Assets
- Financial fixed assets -€27.0m
down €27.0m (-72.6%), from €37.2m to €10.2m
- Receivables within one year -€2.7m
down €2.7m (-12.3%), from €21.7m to €19.0m
Equity and liabilities
- Other debts -€16.9m
down €16.9m (-100%), from €16.9m to €0
- Profit (loss) carried forward -€14.3m
down €14.3m, from €17,427 to -€14.3m
- Debts after one year -€10.7m
down €10.7m (-100%), from €10.7m to €0
- Current portion of long-term debt +€9.7m
up €9.7m (+1,000%), from €970,643 to €10.7m
- Trade debts +€2.1m
up €2.1m (+2,494%), from €82,807 to €2.1m
Income statement
- Financial charges +€15.7m
up €15.7m (+1,332%), from €1.2m to €16.9m
of which Non-recurring financial charges: +€16.0m
- Financial income -€6.6m
down €6.6m (-55.8%), from €11.9m to €5.3m
- Services and other goods +€2.1m
up €2.1m (+1,156%), from €177,999 to €2.2m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€10.3m
Other operating charges
-€416,272
Other operating items
-€2.1m
Financial income
-€6.6m
Financial charges
-€15.7m
Taxes
+€143,025
Result 2026
-€14.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,232,573 | €29,498,479 | -€29.7m | -50.2% |
| Fixed assets | 21/28 | €37,168,375 | €10,183,993 | -€27.0m | -72.6% |
| Financial fixed assets | 28 | €37,168,375 | €10,183,993 | -€27.0m | -72.6% |
| Affiliated companies | 280/1 | €37,168,375 | €10,183,993 | -€27.0m | -72.6% |
| Participating interests | 280 | €26,149,848 | €10,183,993 | -€16.0m | -61.1% |
| Amounts receivable | 281 | €11,018,526 | €0 | -€11.0m | -100% |
| Current assets | 29/58 | €22,064,198 | €19,314,485 | -€2.7m | -12.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €21,715,662 | €19,043,331 | -€2.7m | -12.3% |
| Other amounts receivable | 41 | €21,715,662 | €19,043,331 | -€2.7m | -12.3% |
| Deferred charges and accrued income | 490/1 | €348,537 | €271,154 | -€77,382 | -22.2% |
| Total equity and liabilities | 10/49 | €59,232,573 | €29,498,479 | -€29.7m | -50.2% |
| Equity | 10/15 | €30,332,554 | €16,017,388 | -€14.3m | -47.2% |
| Contributions | 10/11 | €29,249,638 | €29,249,638 | = | 0.0% |
| Capital | 10 | €29,249,638 | €29,249,638 | = | 0.0% |
| Issued capital | 100 | €29,249,638 | €29,249,638 | = | 0.0% |
| Reserves | 13 | €1,065,488 | €1,065,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,065,488 | €1,065,488 | = | 0.0% |
| Legal reserve | 130 | €1,065,488 | €1,065,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,427 | -€14,297,739 | -€14.3m | |
| Amounts payable | 17/49 | €28,900,019 | €13,481,091 | -€15.4m | -53.4% |
| Amounts payable after more than one year | 17 | €10,677,072 | €0 | -€10.7m | -100% |
| Other amounts payable | 178/9 | €10,677,072 | €0 | -€10.7m | -100% |
| Amounts payable within one year | 42/48 | €17,969,854 | €13,270,898 | -€4.7m | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €970,643 | €10,677,072 | +€9.7m | +1,000% |
| Trade debts | 44 | €82,807 | €2,148,261 | +€2.1m | +2,494% |
| Suppliers | 440/4 | €82,807 | €2,148,261 | +€2.1m | +2,494% |
| Taxes, remuneration and social security | 45 | €19,584 | €445,566 | +€425,982 | +2,175% |
| Taxes | 450/3 | €19,584 | €445,566 | +€425,982 | +2,175% |
| Other amounts payable | 47/48 | €16,896,821 | €0 | -€16.9m | -100% |
| Accrued charges and deferred income | 492/3 | €253,093 | €210,193 | -€42,900 | -17.0% |
| Operating charges | 60/66A | €221,791 | €2,696,137 | +€2.5m | +1,116% |
| Services and other goods | 61 | €177,999 | €2,236,073 | +€2.1m | +1,156% |
| Other operating charges | 640/8 | €43,792 | €460,064 | +€416,272 | +951% |
| Operating profit (loss) | 9901 | -€221,791 | -€2,696,137 | -€2.5m | -1,116% |
| Financial income | 75/76B | €11,890,712 | €5,256,930 | -€6.6m | -55.8% |
| Recurring financial income | 75 | €11,890,712 | €5,256,930 | -€6.6m | -55.8% |
| Income from financial fixed assets | 750 | €11,890,712 | €5,256,828 | -€6.6m | -55.8% |
| Other financial income | 752/9 | - | €101 | +€101 | |
| Financial charges | 65/66B | €1,178,642 | €16,874,471 | +€15.7m | +1,332% |
| Recurring financial charges | 65 | €1,178,642 | €908,616 | -€270,027 | -22.9% |
| Debt charges | 650 | €1,177,476 | €907,345 | -€270,132 | -22.9% |
| Other financial charges | 652/9 | €1,166 | €1,271 | +€105 | +9.0% |
| Non-recurring financial charges | 66B | - | €15,965,855 | +€16.0m | |
| Profit (loss) for the period before taxes | 9903 | €10,490,278 | -€14,313,678 | -€24.8m | |
| Income taxes | 67/77 | €144,513 | €1,488 | -€143,025 | -99.0% |
| Taxes | 670/3 | €144,513 | €1,488 | -€143,025 | -99.0% |
| Profit (loss) for the period | 9904 | €10,345,765 | -€14,315,166 | -€24.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €10,345,765 | -€14,315,166 | -€24.7m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.