SUMMUM IMMO: 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.
SUMMUM IMMO
Largest movements
- Stocks and contracts +€500,130
up €500,130 (+121.7%), from €410,992 to €911,121
of which Stocks: +€911,121
- Cash +€18,915
up €18,915 (+217.8%), from €8,686 to €27,601
mainly Debts after one year (+€633,901) and Accrued charges and deferred income (+€27,664)
- Debts after one year +€633,901
up €633,901 (+125.0%), from €507,173 to €1.1m
- Profit (loss) carried forward -€106,141
down €106,141 (-64.6%), from €164,303 to €58,163
- Accrued charges and deferred income +€27,664
up €27,664 (+92.2%), from €30,010 to €57,674
- Trade debts -€23,614
down €23,614 (-39.6%), from €59,689 to €36,075
- Taxes +€33,601
new in 2025: €33,601
- Financial charges +€28,328
up €28,328 (+130.7%), from €21,672 to €50,000
- Gross operating margin +€9,667
up €9,667 (+32.5%), from -€29,709 to -€20,042
- Financial income -€634
no longer reported in 2025 (was €634)
- Depreciation +€419
up €419 (+20.2%), from €2,078 to €2,497
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 | €828,955 | €1,360,766 | +€531,811 | +64.2% |
| Formation expenses | 20 | €7,521 | €10,022 | +€2,501 | +33.2% |
| Current assets | 29/58 | €821,434 | €1,350,744 | +€529,310 | +64.4% |
| Stocks and contracts in progress | 3 | €410,992 | €911,121 | +€500,130 | +121.7% |
| Stocks | 30/36 | - | €911,121 | +€911,121 | |
| Contracts in progress | 37 | €410,992 | - | -€410,992 | |
| Amounts receivable within one year | 40/41 | €399,652 | €411,199 | +€11,547 | +2.9% |
| Trade receivables | 40 | €2,051 | €10,423 | +€8,371 | +408.1% |
| Other amounts receivable | 41 | €397,601 | €400,776 | +€3,175 | +0.8% |
| Cash at bank and in hand | 54/58 | €8,686 | €27,601 | +€18,915 | +217.8% |
| Deferred charges and accrued income | 490/1 | €2,104 | €823 | -€1,281 | -60.9% |
| Total equity and liabilities | 10/49 | €828,955 | €1,360,766 | +€531,811 | +64.2% |
| Equity | 10/15 | €231,803 | €125,663 | -€106,141 | -45.8% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,303 | €58,163 | -€106,141 | -64.6% |
| Amounts payable | 17/49 | €597,152 | €1,235,103 | +€637,951 | +106.8% |
| Amounts payable after more than one year | 17 | €507,173 | €1,141,074 | +€633,901 | +125.0% |
| Financial debts | 170/4 | €507,173 | €1,141,074 | +€633,901 | +125.0% |
| Amounts payable within one year | 42/48 | €59,969 | €36,355 | -€23,614 | -39.4% |
| Trade debts | 44 | €59,689 | €36,075 | -€23,614 | -39.6% |
| Suppliers | 440/4 | €59,689 | €36,075 | -€23,614 | -39.6% |
| Other amounts payable | 47/48 | €280 | €280 | +€0 | +0.1% |
| Accrued charges and deferred income | 492/3 | €30,010 | €57,674 | +€27,664 | +92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,078 | €2,497 | +€419 | +20.2% |
| Gross operating margin | 9900 | -€29,709 | -€20,042 | +€9,667 | +32.5% |
| Operating profit (loss) | 9901 | -€31,787 | -€22,539 | +€9,248 | +29.1% |
| Financial income | 75/76B | €634 | - | -€634 | |
| Recurring financial income | 75 | €634 | - | -€634 | |
| Financial charges | 65/66B | €21,672 | €50,000 | +€28,328 | +130.7% |
| Recurring financial charges | 65 | €21,672 | €50,000 | +€28,328 | +130.7% |
| Profit (loss) for the period before taxes | 9903 | -€52,825 | -€72,539 | -€19,714 | -37.3% |
| Income taxes | 67/77 | - | €33,601 | +€33,601 | |
| Profit (loss) for the period | 9904 | -€52,825 | -€106,141 | -€53,315 | -100.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,825 | -€106,141 | -€53,315 | -100.9% |
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 8 October 2026 via checked.be.