SUMOD: 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.
SUMOD
Largest movements
- Receivables within one year -€34,217
down €34,217 (-42.4%), from €80,728 to €46,510
of which Trade receivables: -€28,041
- Tangible fixed assets -€7,761
down €7,761 (-28.2%), from €27,492 to €19,730
of which Other tangible fixed assets: -€6,562
- Cash -€7,016
down €7,016 (-78.4%), from €8,955 to €1,939
mainly Short-term financial debts (-€19,854) and Net result for the year (-€14,660)
- Short-term financial debts -€19,854
down €19,854 (-30.6%), from €64,854 to €45,000
- Profit (loss) carried forward -€14,660
down €14,660 (-97.6%), from €15,015 to €354
- Trade debts -€9,401
down €9,401 (-84.6%), from €11,112 to €1,711
- Tax, wage and social debts -€5,195
down €5,195 (-85.9%), from €6,049 to €854
- Accrued charges and deferred income +€1,242
new in 2025: €1,242
- Gross operating margin -€43,131
down €43,131 (-98.9%), from €43,595 to €464
- Financial charges -€1,281
down €1,281 (-14.5%), from €8,802 to €7,521
- Financial income -€469
down €469 (-26.6%), from €1,767 to €1,298
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 | €118,746 | €69,897 | -€48,850 | -41.1% |
| Fixed assets | 21/28 | €28,392 | €20,630 | -€7,761 | -27.3% |
| Tangible fixed assets | 22/27 | €27,492 | €19,730 | -€7,761 | -28.2% |
| Furniture and vehicles | 24 | €2,046 | €847 | -€1,200 | -58.6% |
| Other tangible fixed assets | 26 | €25,445 | €18,883 | -€6,562 | -25.8% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €90,355 | €49,266 | -€41,088 | -45.5% |
| Amounts receivable within one year | 40/41 | €80,728 | €46,510 | -€34,217 | -42.4% |
| Trade receivables | 40 | €28,041 | - | -€28,041 | |
| Other amounts receivable | 41 | €52,687 | €46,510 | -€6,177 | -11.7% |
| Cash at bank and in hand | 54/58 | €8,955 | €1,939 | -€7,016 | -78.4% |
| Deferred charges and accrued income | 490/1 | €672 | €817 | +€145 | +21.6% |
| Total equity and liabilities | 10/49 | €118,746 | €69,897 | -€48,850 | -41.1% |
| Equity | 10/15 | €35,475 | €20,814 | -€14,660 | -41.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,015 | €354 | -€14,660 | -97.6% |
| Amounts payable | 17/49 | €83,272 | €49,082 | -€34,190 | -41.1% |
| Amounts payable within one year | 42/48 | €83,272 | €47,841 | -€35,431 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €1,029 | - | -€1,029 | |
| Financial debts | 43 | €64,854 | €45,000 | -€19,854 | -30.6% |
| Credit institutions | 430/8 | €64,854 | €45,000 | -€19,854 | -30.6% |
| Trade debts | 44 | €11,112 | €1,711 | -€9,401 | -84.6% |
| Suppliers | 440/4 | €11,112 | €1,711 | -€9,401 | -84.6% |
| Taxes, remuneration and social security | 45 | €6,049 | €854 | -€5,195 | -85.9% |
| Taxes | 450/3 | €6,049 | €854 | -€5,195 | -85.9% |
| Other amounts payable | 47/48 | €228 | €276 | +€48 | +21.1% |
| Accrued charges and deferred income | 492/3 | - | €1,242 | +€1,242 | |
| Non-recurring operating income | 76A | - | €6,213 | +€6,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,084 | €7,761 | -€322 | -4.0% |
| Other operating charges | 640/8 | €693 | €715 | +€23 | +3.3% |
| Gross operating margin | 9900 | €43,595 | €464 | -€43,131 | -98.9% |
| Operating profit (loss) | 9901 | €34,819 | -€8,013 | -€42,832 | |
| Financial income | 75/76B | €1,767 | €1,298 | -€469 | -26.6% |
| Recurring financial income | 75 | €1,767 | €1,298 | -€469 | -26.6% |
| Financial charges | 65/66B | €8,802 | €7,521 | -€1,281 | -14.5% |
| Recurring financial charges | 65 | €8,802 | €7,521 | -€1,281 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €27,784 | -€14,236 | -€42,020 | |
| Income taxes | 67/77 | €445 | €424 | -€21 | -4.7% |
| Profit (loss) for the period | 9904 | €27,339 | -€14,660 | -€41,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,339 | -€14,660 | -€41,999 |
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 9 October 2026 via checked.be.