SZUM: 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.
SZUM
Largest movements
- Receivables within one year -€38,433
down €38,433 (-26.9%), from €142,963 to €104,530
of which Trade receivables: -€34,119
- Tangible fixed assets -€25,406
down €25,406 (-33.6%), from €75,680 to €50,273
of which Furniture and vehicles: -€17,794
- Trade debts -€62,808
down €62,808 (-62.6%), from €100,391 to €37,584
- Debts after one year -€8,538
down €8,538 (-63.2%), from €13,519 to €4,981
- Tax, wage and social debts +€7,986
up €7,986 (+103%), from €7,751 to €15,737
of which Remuneration and social security: +€8,150
- Depreciation +€3,106
up €3,106 (+13.9%), from €22,300 to €25,406
- Financial charges -€1,454
down €1,454 (-51.3%), from €2,836 to €1,382
- Taxes -€1,051
down €1,051 (-53.8%), from €1,952 to €901
- Gross operating margin -€624
down €624 (-2.1%), from €29,532 to €28,907
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.
Derived cash bridge
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 | €294,759 | €230,874 | -€63,884 | -21.7% |
| Fixed assets | 21/28 | €77,117 | €51,498 | -€25,618 | -33.2% |
| Tangible fixed assets | 22/27 | €75,680 | €50,273 | -€25,406 | -33.6% |
| Plant, machinery and equipment | 23 | €9,756 | €2,143 | -€7,613 | -78.0% |
| Furniture and vehicles | 24 | €65,923 | €48,130 | -€17,794 | -27.0% |
| Financial fixed assets | 28 | €1,437 | €1,225 | -€212 | -14.7% |
| Current assets | 29/58 | €217,642 | €179,376 | -€38,266 | -17.6% |
| Stocks and contracts in progress | 3 | €70,368 | €72,368 | +€2,000 | +2.8% |
| Stocks | 30/36 | €70,368 | €72,368 | +€2,000 | +2.8% |
| Amounts receivable within one year | 40/41 | €142,963 | €104,530 | -€38,433 | -26.9% |
| Trade receivables | 40 | €108,063 | €73,945 | -€34,119 | -31.6% |
| Other amounts receivable | 41 | €34,900 | €30,585 | -€4,315 | -12.4% |
| Cash at bank and in hand | 54/58 | €16 | €15 | -€1 | -4.0% |
| Deferred charges and accrued income | 490/1 | €4,295 | €2,463 | -€1,832 | -42.7% |
| Total equity and liabilities | 10/49 | €294,759 | €230,874 | -€63,884 | -21.7% |
| Equity | 10/15 | €136,903 | €138,018 | +€1,115 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,664 | €32,764 | +€1,100 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,804 | €30,904 | +€1,100 | +3.7% |
| Profit (loss) carried forward | 14 | €86,639 | €86,654 | +€15 | 0.0% |
| Amounts payable | 17/49 | €157,855 | €92,857 | -€64,999 | -41.2% |
| Amounts payable after more than one year | 17 | €13,519 | €4,981 | -€8,538 | -63.2% |
| Financial debts | 170/4 | €13,519 | €4,981 | -€8,538 | -63.2% |
| Amounts payable within one year | 42/48 | €144,104 | €87,876 | -€56,229 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €8,538 | €8,523 | -€15 | -0.2% |
| Financial debts | 43 | €4,988 | €3,596 | -€1,392 | -27.9% |
| Credit institutions | 430/8 | €4,988 | €3,596 | -€1,392 | -27.9% |
| Trade debts | 44 | €100,391 | €37,584 | -€62,808 | -62.6% |
| Suppliers | 440/4 | €100,391 | €37,584 | -€62,808 | -62.6% |
| Taxes, remuneration and social security | 45 | €7,751 | €15,737 | +€7,986 | +103% |
| Taxes | 450/3 | €3,504 | €3,341 | -€164 | -4.7% |
| Remuneration and social security | 454/9 | €4,247 | €12,397 | +€8,150 | +192% |
| Other amounts payable | 47/48 | €22,436 | €22,436 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €232 | - | -€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,300 | €25,406 | +€3,106 | +13.9% |
| Other operating charges | 640/8 | €1,137 | €1,105 | -€33 | -2.9% |
| Gross operating margin | 9900 | €29,532 | €28,907 | -€624 | -2.1% |
| Operating profit (loss) | 9901 | €6,094 | €2,396 | -€3,698 | -60.7% |
| Financial income | 75/76B | €1,128 | €1,001 | -€128 | -11.3% |
| Recurring financial income | 75 | €1,128 | €1,001 | -€128 | -11.3% |
| Financial charges | 65/66B | €2,836 | €1,382 | -€1,454 | -51.3% |
| Recurring financial charges | 65 | €2,836 | €1,382 | -€1,454 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €4,387 | €2,015 | -€2,371 | -54.1% |
| Income taxes | 67/77 | €1,952 | €901 | -€1,051 | -53.8% |
| Profit (loss) for the period | 9904 | €2,435 | €1,115 | -€1,320 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,435 | €1,115 | -€1,320 | -54.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.