SUAL: 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.
SUAL
Largest movements
- Receivables within one year +€124,684
up €124,684 (+14582.9%), from €855 to €125,539
of which Trade receivables: +€123,766
- Cash -€48,903
down €48,903 (-88.8%), from €55,048 to €6,145
mainly Receivables within one year (-€124,684) and Investment in fixed assets (net) (-€3,920)
- Tangible fixed assets -€27,055
down €27,055 (-2.9%), from €918,135 to €891,079
of which Land and buildings: -€26,672
- Profit (loss) carried forward +€37,151
up €37,151, from -€6,230 to €30,920
- Taxes +€8,734
up €8,734 (+5008.0%), from €174 to €8,908
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,099 | €1,023,055 | +€46,956 | +4.8% |
| Fixed assets | 21/28 | €918,135 | €891,079 | -€27,055 | -2.9% |
| Tangible fixed assets | 22/27 | €918,135 | €891,079 | -€27,055 | -2.9% |
| Land and buildings | 22 | €917,668 | €890,996 | -€26,672 | -2.9% |
| Furniture and vehicles | 24 | €467 | €84 | -€383 | -82.0% |
| Current assets | 29/58 | €57,965 | €131,976 | +€74,011 | +127.7% |
| Amounts receivable within one year | 40/41 | €855 | €125,539 | +€124,684 | +14582.9% |
| Trade receivables | 40 | €855 | €124,621 | +€123,766 | +14475.6% |
| Other amounts receivable | 41 | - | €917 | +€917 | |
| Cash at bank and in hand | 54/58 | €55,048 | €6,145 | -€48,903 | -88.8% |
| Deferred charges and accrued income | 490/1 | €2,062 | €292 | -€1,770 | -85.8% |
| Total equity and liabilities | 10/49 | €976,099 | €1,023,055 | +€46,956 | +4.8% |
| Equity | 10/15 | €463,770 | €502,548 | +€38,778 | +8.4% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Capital | 10 | €470,000 | €470,000 | = | 0.0% |
| Issued capital | 100 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | - | €1,627 | +€1,627 | |
| Non-distributable reserves | 130/1 | - | €1,627 | +€1,627 | |
| Legal reserve | 130 | - | €1,627 | +€1,627 | |
| Profit (loss) carried forward | 14 | -€6,230 | €30,920 | +€37,151 | |
| Amounts payable | 17/49 | €512,330 | €520,507 | +€8,178 | +1.6% |
| Amounts payable after more than one year | 17 | €452,400 | €450,750 | -€1,650 | -0.4% |
| Other amounts payable | 178/9 | €452,400 | €450,750 | -€1,650 | -0.4% |
| Amounts payable within one year | 42/48 | €59,929 | €69,757 | +€9,828 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,455 | €2,457 | +€2 | +0.1% |
| Suppliers | 440/4 | €2,455 | €2,457 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €174 | €0 | -€174 | -100.0% |
| Taxes | 450/3 | €174 | €0 | -€174 | -100.0% |
| Other amounts payable | 47/48 | €57,300 | €67,300 | +€10,000 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,594 | €30,976 | +€381 | +1.2% |
| Other operating charges | 640/8 | €11,705 | €11,856 | +€150 | +1.3% |
| Gross operating margin | 9900 | €90,486 | €91,043 | +€557 | +0.6% |
| Operating profit (loss) | 9901 | €48,186 | €48,211 | +€25 | +0.1% |
| Financial charges | 65/66B | €280 | €525 | +€245 | +87.2% |
| Recurring financial charges | 65 | €280 | €525 | +€245 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €47,906 | €47,686 | -€219 | -0.5% |
| Income taxes | 67/77 | €174 | €8,908 | +€8,734 | +5008.0% |
| Profit (loss) for the period | 9904 | €47,731 | €38,778 | -€8,953 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,731 | €38,778 | -€8,953 | -18.8% |
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 30 September 2026 via checked.be.