Summum: 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.
Summum
Largest movements
- Receivables within one year +€196,015
up €196,015 (+4.5%), from €4.3m to €4.5m
of which Trade receivables: +€251,794
- Cash +€157,348
up €157,348 (+194.2%), from €81,022 to €238,370
mainly Trade debts (+€526,825) and Stocks and contracts (+€115,100)
- Stocks and contracts -€115,100
down €115,100 (-7.4%), from €1.6m to €1.4m
- Tangible fixed assets -€70,379
down €70,379 (-40.9%), from €172,125 to €101,746
of which Furniture and vehicles: -€65,015
- Trade debts +€526,825
up €526,825 (+19.3%), from €2.7m to €3.3m
- Profit (loss) carried forward -€309,386
down €309,386 (-47.3%), from €654,299 to €344,913
- Debts after one year -€89,896
down €89,896 (-38.3%), from €234,465 to €144,569
- Gross operating margin -€311,831
down €311,831 (-33.8%), from €921,951 to €610,120
- Depreciation -€38,850
down €38,850 (-29.0%), from €133,861 to €95,012
- Staff costs +€31,658
up €31,658 (+6.0%), from €528,936 to €560,594
- Financial charges -€17,049
down €17,049 (-22.0%), from €77,418 to €60,369
of which Financial charges: -€19,026
- Other operating charges +€10,200
up €10,200 (+5.7%), from €177,884 to €188,083
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 | €6,463,426 | €6,567,094 | +€103,668 | +1.6% |
| Fixed assets | 21/28 | €451,556 | €334,981 | -€116,574 | -25.8% |
| Intangible fixed assets | 21 | €256,930 | €210,735 | -€46,195 | -18.0% |
| Tangible fixed assets | 22/27 | €172,125 | €101,746 | -€70,379 | -40.9% |
| Plant, machinery and equipment | 23 | €33,908 | €33,058 | -€850 | -2.5% |
| Furniture and vehicles | 24 | €121,351 | €56,336 | -€65,015 | -53.6% |
| Other tangible fixed assets | 26 | €16,866 | €12,352 | -€4,515 | -26.8% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €6,011,871 | €6,232,113 | +€220,242 | +3.7% |
| Stocks and contracts in progress | 3 | €1,555,917 | €1,440,817 | -€115,100 | -7.4% |
| Stocks | 30/36 | €1,555,917 | €1,440,817 | -€115,100 | -7.4% |
| Amounts receivable within one year | 40/41 | €4,340,094 | €4,536,109 | +€196,015 | +4.5% |
| Trade receivables | 40 | €1,774,345 | €2,026,138 | +€251,794 | +14.2% |
| Other amounts receivable | 41 | €2,565,749 | €2,509,970 | -€55,779 | -2.2% |
| Cash at bank and in hand | 54/58 | €81,022 | €238,370 | +€157,348 | +194.2% |
| Deferred charges and accrued income | 490/1 | €34,838 | €16,818 | -€18,020 | -51.7% |
| Total equity and liabilities | 10/49 | €6,463,426 | €6,567,094 | +€103,668 | +1.6% |
| Equity | 10/15 | €2,254,735 | €1,945,348 | -€309,386 | -13.7% |
| Contributions | 10/11 | €1,364,322 | €1,364,322 | = | 0.0% |
| Capital | 10 | €1,364,322 | €1,364,322 | = | 0.0% |
| Issued capital | 100 | €1,364,322 | €1,364,322 | = | 0.0% |
| Reserves | 13 | €236,114 | €236,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | €132,084 | €132,084 | = | 0.0% |
| Legal reserve | 130 | €132,084 | €132,084 | = | 0.0% |
| Distributable reserves | 133 | €104,029 | €104,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €654,299 | €344,913 | -€309,386 | -47.3% |
| Amounts payable | 17/49 | €4,208,692 | €4,621,745 | +€413,054 | +9.8% |
| Amounts payable after more than one year | 17 | €234,465 | €144,569 | -€89,896 | -38.3% |
| Financial debts | 170/4 | €234,465 | €144,569 | -€89,896 | -38.3% |
| Amounts payable within one year | 42/48 | €3,974,226 | €4,476,493 | +€502,267 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €127,321 | €89,896 | -€37,425 | -29.4% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €2,731,773 | €3,258,599 | +€526,825 | +19.3% |
| Suppliers | 440/4 | €2,731,773 | €3,258,599 | +€526,825 | +19.3% |
| Advances received on contracts in progress | 46 | - | €10,169 | +€10,169 | |
| Taxes, remuneration and social security | 45 | €115,132 | €117,828 | +€2,697 | +2.3% |
| Taxes | 450/3 | €20,355 | €20,799 | +€444 | +2.2% |
| Remuneration and social security | 454/9 | €94,777 | €97,030 | +€2,252 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €684 | +€684 | |
| Non-recurring operating income | 76A | - | €3,200 | +€3,200 | |
| Remuneration, social security and pensions | 62 | €528,936 | €560,594 | +€31,658 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,861 | €95,012 | -€38,850 | -29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,265 | +€7,265 | |
| Other operating charges | 640/8 | €177,884 | €188,083 | +€10,200 | +5.7% |
| Non-recurring operating charges | 66A | - | €5,761 | +€5,761 | |
| Gross operating margin | 9900 | €921,951 | €610,120 | -€311,831 | -33.8% |
| Operating profit (loss) | 9901 | €81,270 | -€246,594 | -€327,865 | |
| Financial income | 75/76B | €32 | €22 | -€10 | -31.7% |
| Recurring financial income | 75 | €32 | €22 | -€10 | -31.7% |
| Financial charges | 65/66B | €77,418 | €60,369 | -€17,049 | -22.0% |
| Recurring financial charges | 65 | €77,418 | €58,392 | -€19,026 | -24.6% |
| Non-recurring financial charges | 66B | - | €1,978 | +€1,978 | |
| Profit (loss) for the period before taxes | 9903 | €3,885 | -€306,942 | -€310,826 | |
| Income taxes | 67/77 | €2,195 | €2,445 | +€249 | +11.4% |
| Profit (loss) for the period | 9904 | €1,689 | -€309,386 | -€311,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,689 | -€309,386 | -€311,076 |
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 10 October 2026 via checked.be.