SUMMA: 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.
SUMMA
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Intangible fixed assets -€28,797
no longer reported in 2025 (was €28,797)
- Receivables within one year +€24,628
up €24,628 (+43.5%), from €56,552 to €81,180
of which Other amounts receivable: +€25,236
- Tangible fixed assets +€23,150
up €23,150 (+2.5%), from €917,410 to €940,561
of which Furniture and vehicles: +€16,307
- Other debts -€209,290
no longer reported in 2025 (was €209,290)
- Trade debts +€96,430
up €96,430 (+824%), from €11,706 to €108,136
- Reserves -€20,190
down €20,190 (-2.6%), from €786,109 to €765,920
of which Tax-exempt reserves: -€20,190
- Gross operating margin -€33,008
down €33,008 (-30.0%), from €109,875 to €76,868
- Taxes -€9,203
down €9,203 (-62.4%), from €14,748 to €5,545
- Financial income +€1,977
up €1,977 (+50.6%), from €3,908 to €5,885
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 | €1,428,581 | €1,245,240 | -€183,341 | -12.8% |
| Fixed assets | 21/28 | €946,512 | €941,245 | -€5,267 | -0.6% |
| Intangible fixed assets | 21 | €28,797 | - | -€28,797 | |
| Tangible fixed assets | 22/27 | €917,410 | €940,561 | +€23,150 | +2.5% |
| Land and buildings | 22 | €871,533 | €878,376 | +€6,843 | +0.8% |
| Furniture and vehicles | 24 | €45,878 | €62,185 | +€16,307 | +35.5% |
| Financial fixed assets | 28 | €305 | €685 | +€380 | +125% |
| Current assets | 29/58 | €482,069 | €303,994 | -€178,075 | -36.9% |
| Amounts receivable after more than one year | 29 | €3,500 | - | -€3,500 | |
| Other amounts receivable | 291 | €3,500 | - | -€3,500 | |
| Amounts receivable within one year | 40/41 | €56,552 | €81,180 | +€24,628 | +43.5% |
| Trade receivables | 40 | €2,402 | €1,794 | -€608 | -25.3% |
| Other amounts receivable | 41 | €54,150 | €79,386 | +€25,236 | +46.6% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €216,206 | €218,603 | +€2,397 | +1.1% |
| Deferred charges and accrued income | 490/1 | €5,811 | €4,211 | -€1,600 | -27.5% |
| Total equity and liabilities | 10/49 | €1,428,581 | €1,245,240 | -€183,341 | -12.8% |
| Equity | 10/15 | €810,336 | €775,899 | -€34,437 | -4.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €786,109 | €765,920 | -€20,190 | -2.6% |
| Tax-exempt reserves | 132 | €318,103 | €297,913 | -€20,190 | -6.3% |
| Distributable reserves | 133 | €468,007 | €468,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,634 | -€8,613 | -€14,247 | |
| Provisions and deferred taxes | 16 | €100,668 | €92,906 | -€7,762 | -7.7% |
| Deferred taxes | 168 | €100,668 | €92,906 | -€7,762 | -7.7% |
| Amounts payable | 17/49 | €517,577 | €376,435 | -€141,142 | -27.3% |
| Amounts payable after more than one year | 17 | €256,131 | €247,200 | -€8,931 | -3.5% |
| Other amounts payable | 178/9 | €256,131 | €247,200 | -€8,931 | -3.5% |
| Amounts payable within one year | 42/48 | €240,197 | €108,136 | -€132,061 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €11,706 | €108,136 | +€96,430 | +824% |
| Suppliers | 440/4 | €11,706 | €108,136 | +€96,430 | +824% |
| Taxes, remuneration and social security | 45 | €7,200 | - | -€7,200 | |
| Taxes | 450/3 | €7,200 | - | -€7,200 | |
| Other amounts payable | 47/48 | €209,290 | - | -€209,290 | |
| Accrued charges and deferred income | 492/3 | €21,250 | €21,100 | -€150 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,294 | €107,254 | -€40 | 0.0% |
| Other operating charges | 640/8 | €10,462 | €10,842 | +€381 | +3.6% |
| Gross operating margin | 9900 | €109,875 | €76,868 | -€33,008 | -30.0% |
| Operating profit (loss) | 9901 | -€7,880 | -€41,228 | -€33,348 | -423% |
| Financial income | 75/76B | €3,908 | €5,885 | +€1,977 | +50.6% |
| Recurring financial income | 75 | €3,908 | €5,885 | +€1,977 | +50.6% |
| Financial charges | 65/66B | €1,748 | €1,311 | -€438 | -25.0% |
| Recurring financial charges | 65 | €1,748 | €1,311 | -€438 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,720 | -€36,654 | -€30,933 | -541% |
| Transfer from deferred taxes | 780 | €7,762 | €7,762 | = | 0.0% |
| Income taxes | 67/77 | €14,748 | €5,545 | -€9,203 | -62.4% |
| Profit (loss) for the period | 9904 | -€12,706 | -€34,437 | -€21,731 | -171% |
| Transfer from tax-exempt reserves | 789 | €20,190 | €20,190 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,483 | -€14,247 | -€21,731 |
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 21 October 2026 via checked.be.