SUMMUM BONUM: what changed
SUMMUM BONUM
Largest movements
- Tangible fixed assets +€235,070
up €235,070 (+324%), from €72,606 to €307,675
of which Other tangible fixed assets: +€246,506
- Receivables within one year -€70,573
down €70,573 (-49.5%), from €142,661 to €72,088
of which Trade receivables: -€85,934
- Stocks and contracts +€46,055
up €46,055 (+12.8%), from €359,355 to €405,410
of which Contracts in progress: +€60,000
- Receivables after one year -€30,000
down €30,000 (-39.6%), from €75,750 to €45,750
of which Other amounts receivable: -€75,750
- Intangible fixed assets -€11,250
down €11,250 (-49.9%), from €22,531 to €11,281
- Trade debts +€118,815
up €118,815 (+94.9%), from €125,212 to €244,027
- Debts after one year +€29,000
up €29,000 (+13.2%), from €219,350 to €248,350
of which Financial debts: +€27,000
- Reserves +€16,875
up €16,875 (+25.4%), from €66,383 to €83,258
of which Distributable reserves: +€16,875
- Gross operating margin +€14,591
up €14,591 (+34.0%), from €42,869 to €57,460
- Depreciation -€1,666
down €1,666 (-5.5%), from €30,407 to €28,741
- Financial charges +€1,591
up €1,591 (+27.0%), from €5,890 to €7,481
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,985 | €848,487 | +€170,502 | +25.1% |
| Fixed assets | 21/28 | €95,137 | €318,956 | +€223,820 | +235% |
| Intangible fixed assets | 21 | €22,531 | €11,281 | -€11,250 | -49.9% |
| Tangible fixed assets | 22/27 | €72,606 | €307,675 | +€235,070 | +324% |
| Plant, machinery and equipment | 23 | €36,420 | €28,655 | -€7,765 | -21.3% |
| Furniture and vehicles | 24 | €9,752 | €6,081 | -€3,671 | -37.6% |
| Other tangible fixed assets | 26 | €26,434 | €272,940 | +€246,506 | +933% |
| Current assets | 29/58 | €582,848 | €529,530 | -€53,318 | -9.1% |
| Amounts receivable after more than one year | 29 | €75,750 | €45,750 | -€30,000 | -39.6% |
| Trade receivables | 290 | - | €45,750 | +€45,750 | |
| Other amounts receivable | 291 | €75,750 | - | -€75,750 | |
| Stocks and contracts in progress | 3 | €359,355 | €405,410 | +€46,055 | +12.8% |
| Stocks | 30/36 | €169,355 | €155,410 | -€13,945 | -8.2% |
| Contracts in progress | 37 | €190,000 | €250,000 | +€60,000 | +31.6% |
| Amounts receivable within one year | 40/41 | €142,661 | €72,088 | -€70,573 | -49.5% |
| Trade receivables | 40 | €132,715 | €46,781 | -€85,934 | -64.8% |
| Other amounts receivable | 41 | €9,946 | €25,307 | +€15,361 | +154% |
| Current investments | 50/53 | - | €3,488 | +€3,488 | |
| Cash at bank and in hand | 54/58 | €218 | - | -€218 | |
| Deferred charges and accrued income | 490/1 | €4,864 | €2,794 | -€2,070 | -42.6% |
| Total equity and liabilities | 10/49 | €677,985 | €848,487 | +€170,502 | +25.1% |
| Equity | 10/15 | €312,583 | €329,458 | +€16,875 | +5.4% |
| Contributions | 10/11 | €246,200 | €246,200 | = | 0.0% |
| Reserves | 13 | €66,383 | €83,258 | +€16,875 | +25.4% |
| Non-distributable reserves | 130/1 | €9,477 | €9,477 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,477 | €9,477 | = | 0.0% |
| Distributable reserves | 133 | €56,906 | €73,781 | +€16,875 | +29.7% |
| Amounts payable | 17/49 | €365,402 | €519,029 | +€153,627 | +42.0% |
| Amounts payable after more than one year | 17 | €219,350 | €248,350 | +€29,000 | +13.2% |
| Financial debts | 170/4 | €121,350 | €148,350 | +€27,000 | +22.2% |
| Other amounts payable | 178/9 | €98,000 | €100,000 | +€2,000 | +2.0% |
| Amounts payable within one year | 42/48 | €139,198 | €258,529 | +€119,332 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €9,500 | €7,500 | -€2,000 | -21.1% |
| Trade debts | 44 | €125,212 | €244,027 | +€118,815 | +94.9% |
| Suppliers | 440/4 | €125,212 | €244,027 | +€118,815 | +94.9% |
| Taxes, remuneration and social security | 45 | €2,680 | €2,121 | -€559 | -20.9% |
| Taxes | 450/3 | €2,680 | €2,121 | -€559 | -20.9% |
| Other amounts payable | 47/48 | €1,806 | €4,882 | +€3,076 | +170% |
| Accrued charges and deferred income | 492/3 | €6,854 | €12,149 | +€5,295 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,407 | €28,741 | -€1,666 | -5.5% |
| Other operating charges | 640/8 | €1,700 | €2,242 | +€542 | +31.9% |
| Gross operating margin | 9900 | €42,869 | €57,460 | +€14,591 | +34.0% |
| Operating profit (loss) | 9901 | €10,762 | €26,477 | +€15,715 | +146% |
| Financial charges | 65/66B | €5,890 | €7,481 | +€1,591 | +27.0% |
| Recurring financial charges | 65 | €5,890 | €7,481 | +€1,591 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €4,871 | €18,996 | +€14,124 | +290% |
| Income taxes | 67/77 | €2,680 | €2,121 | -€559 | -20.9% |
| Profit (loss) for the period | 9904 | €2,191 | €16,875 | +€14,684 | +670% |
| Profit (loss) for the period to be appropriated | 9905 | €2,191 | €16,875 | +€14,684 | +670% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.