Jurgen Suls: 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.
Jurgen Suls
Largest movements
- Cash +€21,419
up €21,419 (+39.2%), from €54,691 to €76,110
mainly Net result for the year (+€28,269) and Trade debts (+€26,422)
- Receivables within one year +€19,469
up €19,469 (+92.9%), from €20,957 to €40,425
- Tangible fixed assets +€5,315
new in 2025: €5,315
- Reserves +€27,436
up €27,436 (+64.7%), from €42,389 to €69,825
- Trade debts +€26,422
up €26,422 (+1,628%), from €1,623 to €28,045
- Other debts -€9,412
down €9,412 (-91.9%), from €10,239 to €827
- Short-term financial debts +€2,766
up €2,766 (+403%), from €686 to €3,451
- Gross operating margin -€19,540
down €19,540 (-33.2%), from €58,783 to €39,243
- Taxes -€3,977
down €3,977 (-31.6%), from €12,604 to €8,626
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 | €77,918 | €124,395 | +€46,477 | +59.6% |
| Fixed assets | 21/28 | - | €5,315 | +€5,315 | |
| Tangible fixed assets | 22/27 | - | €5,315 | +€5,315 | |
| Furniture and vehicles | 24 | - | €5,315 | +€5,315 | |
| Current assets | 29/58 | €77,918 | €119,080 | +€41,162 | +52.8% |
| Amounts receivable within one year | 40/41 | €20,957 | €40,425 | +€19,469 | +92.9% |
| Trade receivables | 40 | €20,957 | €40,425 | +€19,469 | +92.9% |
| Cash at bank and in hand | 54/58 | €54,691 | €76,110 | +€21,419 | +39.2% |
| Deferred charges and accrued income | 490/1 | €2,270 | €2,544 | +€274 | +12.1% |
| Total equity and liabilities | 10/49 | €77,918 | €124,395 | +€46,477 | +59.6% |
| Equity | 10/15 | €44,389 | €71,825 | +€27,436 | +61.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €42,389 | €69,825 | +€27,436 | +64.7% |
| Distributable reserves | 133 | €42,389 | €69,825 | +€27,436 | +64.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,529 | €52,570 | +€19,041 | +56.8% |
| Amounts payable within one year | 42/48 | €33,529 | €52,570 | +€19,041 | +56.8% |
| Financial debts | 43 | €686 | €3,451 | +€2,766 | +403% |
| Credit institutions | 430/8 | €686 | €3,451 | +€2,766 | +403% |
| Trade debts | 44 | €1,623 | €28,045 | +€26,422 | +1,628% |
| Suppliers | 440/4 | €1,623 | €28,045 | +€26,422 | +1,628% |
| Taxes, remuneration and social security | 45 | €20,981 | €20,246 | -€735 | -3.5% |
| Taxes | 450/3 | €20,981 | €20,246 | -€735 | -3.5% |
| Other amounts payable | 47/48 | €10,239 | €827 | -€9,412 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €88 | +€88 | |
| Other operating charges | 640/8 | €1,109 | €883 | -€226 | -20.4% |
| Gross operating margin | 9900 | €58,783 | €39,243 | -€19,540 | -33.2% |
| Operating profit (loss) | 9901 | €57,674 | €38,272 | -€19,402 | -33.6% |
| Financial income | 75/76B | €20 | €8 | -€12 | -59.6% |
| Recurring financial income | 75 | €20 | €8 | -€12 | -59.6% |
| Financial charges | 65/66B | €1,843 | €1,385 | -€458 | -24.8% |
| Recurring financial charges | 65 | €1,843 | €1,385 | -€458 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €55,852 | €36,896 | -€18,956 | -33.9% |
| Income taxes | 67/77 | €12,604 | €8,626 | -€3,977 | -31.6% |
| Profit (loss) for the period | 9904 | €43,248 | €28,269 | -€14,979 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,248 | €28,269 | -€14,979 | -34.6% |
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 30 October 2026 via checked.be.