SUMSARE: 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.
What changed
SUMSARE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€36,817
2024 · -€58,082+€21,265
Equity
€506,424
2024 · €543,241-€36,817
Cash
€13,215
2024 · €5,176+€8,039
Balance sheet total
€1.9m
2024 · €2.0m-€78,489
Largest movements
Assets
- Tangible fixed assets -€65,808
down €65,808 (-4.0%), from €1.7m to €1.6m
- Intangible fixed assets -€20,722
down €20,722 (-7.1%), from €290,111 to €269,388
Equity and liabilities
- Debts after one year -€55,804
down €55,804 (-5.4%), from €1.0m to €986,623
of which Financial debts: -€55,804
- Profit (loss) carried forward -€29,954
down €29,954 (-6.8%), from -€439,494 to -€469,447
Income statement
- Gross operating margin +€20,675
up €20,675 (+34.4%), from €60,034 to €80,709
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.
Result 2024
-€58,082
Gross operating margin
+€20,675
Other operating charges
-€178
Financial charges
+€768
Result 2025
-€36,817
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.
From operations
+€63,085
Investment
€0
Financing
-€55,046
Cash 2024
€5,176
From operations (derived)
+€63,085
Net result for the year
-€36,817
Depreciation
+€86,531
Deferred charges and accrued income
-€3
Provisions
-€2,288
Trade debts
-€271
Other debts
+€15,933
Financing
-€55,046
Debts after one year
-€55,804
Current portion of long-term debt
+€758
Cash 2025
€13,215
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,956,971 | €1,878,482 | -€78,489 | -4.0% |
| Fixed assets | 21/28 | €1,951,701 | €1,865,170 | -€86,531 | -4.4% |
| Intangible fixed assets | 21 | €290,111 | €269,388 | -€20,722 | -7.1% |
| Tangible fixed assets | 22/27 | €1,661,590 | €1,595,782 | -€65,808 | -4.0% |
| Land and buildings | 22 | €1,661,590 | €1,595,782 | -€65,808 | -4.0% |
| Current assets | 29/58 | €5,270 | €13,312 | +€8,042 | +152.6% |
| Cash at bank and in hand | 54/58 | €5,176 | €13,215 | +€8,039 | +155.3% |
| Deferred charges and accrued income | 490/1 | €94 | €97 | +€3 | +3.2% |
| Total equity and liabilities | 10/49 | €1,956,971 | €1,878,482 | -€78,489 | -4.0% |
| Equity | 10/15 | €543,241 | €506,424 | -€36,817 | -6.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €832,734 | €825,871 | -€6,864 | -0.8% |
| Non-distributable reserves | 130/1 | €29,747 | €29,747 | = | 0.0% |
| Legal reserve | 130 | €29,747 | €29,747 | = | 0.0% |
| Tax-exempt reserves | 132 | €199,045 | €192,182 | -€6,864 | -3.4% |
| Distributable reserves | 133 | €603,942 | €603,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439,494 | -€469,447 | -€29,954 | -6.8% |
| Provisions and deferred taxes | 16 | €66,348 | €64,061 | -€2,288 | -3.4% |
| Deferred taxes | 168 | €66,348 | €64,061 | -€2,288 | -3.4% |
| Amounts payable | 17/49 | €1,347,382 | €1,307,998 | -€39,384 | -2.9% |
| Amounts payable after more than one year | 17 | €1,042,428 | €986,623 | -€55,804 | -5.4% |
| Financial debts | 170/4 | €530,794 | €474,990 | -€55,804 | -10.5% |
| Other amounts payable | 178/9 | €511,634 | €511,634 | = | 0.0% |
| Amounts payable within one year | 42/48 | €284,181 | €300,602 | +€16,421 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €55,046 | €55,804 | +€758 | +1.4% |
| Trade debts | 44 | €802 | €531 | -€271 | -33.8% |
| Suppliers | 440/4 | €802 | €531 | -€271 | -33.8% |
| Other amounts payable | 47/48 | €228,333 | €244,266 | +€15,933 | +7.0% |
| Accrued charges and deferred income | 492/3 | €20,772 | €20,772 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,531 | €86,531 | = | 0.0% |
| Other operating charges | 640/8 | €4,558 | €4,735 | +€178 | +3.9% |
| Gross operating margin | 9900 | €60,034 | €80,709 | +€20,675 | +34.4% |
| Operating profit (loss) | 9901 | -€31,055 | -€10,557 | +€20,497 | +66.0% |
| Financial charges | 65/66B | €29,316 | €28,548 | -€768 | -2.6% |
| Recurring financial charges | 65 | €29,316 | €28,548 | -€768 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€60,370 | -€39,105 | +€21,265 | +35.2% |
| Transfer from deferred taxes | 780 | €2,288 | €2,288 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€58,082 | -€36,817 | +€21,265 | +36.6% |
| Transfer from tax-exempt reserves | 789 | €6,864 | €6,864 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,219 | -€29,954 | +€21,265 | +41.5% |
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 2 October 2026 via checked.be.