LE SUD: what changed
LE SUD
Largest movements
- Deferred charges and accrued income +€20,664
new in 2024: €20,664
- Cash -€19,317
down €19,317 (-28.3%), from €68,265 to €48,948
mainly Other debts (-€29,340) and Deferred charges and accrued income (-€20,664)
- Receivables within one year +€19,266
up €19,266 (+136%), from €14,209 to €33,474
of which Trade receivables: +€10,015
- Tangible fixed assets -€9,415
down €9,415 (-20.5%), from €45,944 to €36,529
of which Furniture and vehicles: -€8,986
- Trade debts +€58,874
up €58,874 (+197%), from €29,845 to €88,719
- Other debts -€29,340
down €29,340 (-84.0%), from €34,911 to €5,571
- Profit (loss) carried forward -€17,032
down €17,032 (-26.5%), from €64,363 to €47,331
- Staff costs +€32,342
up €32,342 (+18.1%), from €178,201 to €210,543
- Taxes +€10,196
new in 2024: €10,196
- Gross operating margin +€7,038
up €7,038 (+3.1%), from €224,281 to €231,319
- Other operating charges +€6,970
up €6,970 (+295%), from €2,364 to €9,334
- Depreciation +€5,024
up €5,024 (+40.0%), from €12,555 to €17,578
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,864 | €192,061 | +€11,197 | +6.2% |
| Fixed assets | 21/28 | €91,062 | €81,647 | -€9,415 | -10.3% |
| Tangible fixed assets | 22/27 | €45,944 | €36,529 | -€9,415 | -20.5% |
| Plant, machinery and equipment | 23 | €23,194 | €22,766 | -€429 | -1.8% |
| Furniture and vehicles | 24 | €22,749 | €13,763 | -€8,986 | -39.5% |
| Financial fixed assets | 28 | €45,118 | €45,118 | = | 0.0% |
| Current assets | 29/58 | €89,801 | €110,414 | +€20,613 | +23.0% |
| Stocks and contracts in progress | 3 | €7,328 | €7,328 | = | 0.0% |
| Stocks | 30/36 | €7,328 | €7,328 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,209 | €33,474 | +€19,266 | +136% |
| Trade receivables | 40 | - | €10,015 | +€10,015 | |
| Other amounts receivable | 41 | €14,209 | €23,459 | +€9,251 | +65.1% |
| Cash at bank and in hand | 54/58 | €68,265 | €48,948 | -€19,317 | -28.3% |
| Deferred charges and accrued income | 490/1 | - | €20,664 | +€20,664 | |
| Total equity and liabilities | 10/49 | €180,864 | €192,061 | +€11,197 | +6.2% |
| Equity | 10/15 | €94,363 | €77,331 | -€17,032 | -18.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,363 | €47,331 | -€17,032 | -26.5% |
| Amounts payable | 17/49 | €86,500 | €114,730 | +€28,230 | +32.6% |
| Amounts payable after more than one year | 17 | €1,495 | €524 | -€970 | -64.9% |
| Financial debts | 170/4 | €1,495 | €524 | -€970 | -64.9% |
| Amounts payable within one year | 42/48 | €85,006 | €114,206 | +€29,200 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €2,040 | €970 | -€1,070 | -52.4% |
| Trade debts | 44 | €29,845 | €88,719 | +€58,874 | +197% |
| Suppliers | 440/4 | €29,845 | €88,719 | +€58,874 | +197% |
| Taxes, remuneration and social security | 45 | €18,209 | €18,946 | +€737 | +4.0% |
| Taxes | 450/3 | €5,447 | €18,946 | +€13,498 | +248% |
| Remuneration and social security | 454/9 | €12,762 | - | -€12,762 | |
| Other amounts payable | 47/48 | €34,911 | €5,571 | -€29,340 | -84.0% |
| Remuneration, social security and pensions | 62 | €178,201 | €210,543 | +€32,342 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,555 | €17,578 | +€5,024 | +40.0% |
| Other operating charges | 640/8 | €2,364 | €9,334 | +€6,970 | +295% |
| Gross operating margin | 9900 | €224,281 | €231,319 | +€7,038 | +3.1% |
| Operating profit (loss) | 9901 | €31,162 | -€6,136 | -€37,298 | |
| Financial income | 75/76B | €17 | €20 | +€3 | +20.8% |
| Recurring financial income | 75 | €17 | €20 | +€3 | +20.8% |
| Financial charges | 65/66B | €1,010 | €721 | -€290 | -28.7% |
| Recurring financial charges | 65 | €1,010 | €721 | -€290 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €30,169 | -€6,836 | -€37,005 | |
| Income taxes | 67/77 | - | €10,196 | +€10,196 | |
| Profit (loss) for the period | 9904 | €30,169 | -€17,032 | -€47,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,169 | -€17,032 | -€47,201 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.