SUALEX: 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.
SUALEX
Largest movements
- Receivables within one year +€882,779
up €882,779 (+96.9%), from €911,062 to €1.8m
of which Other amounts receivable: +€876,729
- Current investments +€553,379
up €553,379 (+5.1%), from €10.8m to €11.4m
- Receivables after one year -€500,000
down €500,000 (-38.2%), from €1.3m to €810,000
- Cash -€328,730
down €328,730 (-29.1%), from €1.1m to €799,558
mainly Receivables within one year (-€882,779) and Current investments (-€553,379)
- Reserves +€798,406
up €798,406 (+4.4%), from €18.0m to €18.8m
of which Distributable reserves: +€798,406
- Debts after one year -€501,012
down €501,012 (-100.0%), from €501,012 to €0
- Current portion of long-term debt +€334,347
up €334,347 (+66.9%), from €499,998 to €834,345
- Financial charges +€249,078
up €249,078 (+90.4%), from €275,578 to €524,656
- Taxes -€74,003
down €74,003 (-17.1%), from €433,472 to €359,469
- Financial income -€64,131
down €64,131 (-3.3%), from €1.9m to €1.9m
- Gross operating margin -€32,781
down €32,781 (-64.5%), from -€50,856 to -€83,637
- Other operating charges -€30,162
down €30,162 (-80.4%), from €37,529 to €7,367
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,273,208 | €19,811,617 | +€538,409 | +2.8% |
| Fixed assets | 21/28 | €5,082,793 | €5,026,351 | -€56,442 | -1.1% |
| Tangible fixed assets | 22/27 | €3,530,578 | €3,474,136 | -€56,442 | -1.6% |
| Land and buildings | 22 | €3,521,229 | €3,448,575 | -€72,655 | -2.1% |
| Plant, machinery and equipment | 23 | €4,888 | €10,880 | +€5,992 | +122.6% |
| Furniture and vehicles | 24 | €4,461 | €14,681 | +€10,220 | +229.1% |
| Financial fixed assets | 28 | €1,552,214 | €1,552,214 | = | 0.0% |
| Current assets | 29/58 | €14,190,415 | €14,785,267 | +€594,851 | +4.2% |
| Amounts receivable after more than one year | 29 | €1,310,000 | €810,000 | -€500,000 | -38.2% |
| Other amounts receivable | 291 | €1,310,000 | €810,000 | -€500,000 | -38.2% |
| Amounts receivable within one year | 40/41 | €911,062 | €1,793,841 | +€882,779 | +96.9% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €911,062 | €1,787,791 | +€876,729 | +96.2% |
| Current investments | 50/53 | €10,817,562 | €11,370,941 | +€553,379 | +5.1% |
| Cash at bank and in hand | 54/58 | €1,128,287 | €799,558 | -€328,730 | -29.1% |
| Deferred charges and accrued income | 490/1 | €23,504 | €10,927 | -€12,577 | -53.5% |
| Total equity and liabilities | 10/49 | €19,273,208 | €19,811,617 | +€538,409 | +2.8% |
| Equity | 10/15 | €18,151,258 | €18,949,665 | +€798,406 | +4.4% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,981,258 | €18,779,665 | +€798,406 | +4.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €17,981,258 | €18,779,665 | +€798,406 | +4.4% |
| Amounts payable | 17/49 | €1,121,950 | €861,953 | -€259,997 | -23.2% |
| Amounts payable after more than one year | 17 | €501,012 | €0 | -€501,012 | -100.0% |
| Financial debts | 170/4 | €501,012 | €0 | -€501,012 | -100.0% |
| Amounts payable within one year | 42/48 | €619,688 | €860,703 | +€241,015 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €499,998 | €834,345 | +€334,347 | +66.9% |
| Trade debts | 44 | €899 | €5,220 | +€4,321 | +480.6% |
| Suppliers | 440/4 | €899 | €5,220 | +€4,321 | +480.6% |
| Taxes, remuneration and social security | 45 | €118,776 | €21,123 | -€97,653 | -82.2% |
| Taxes | 450/3 | €118,776 | €21,123 | -€97,653 | -82.2% |
| Other amounts payable | 47/48 | €15 | €15 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,464 | €98,179 | +€9,715 | +11.0% |
| Other operating charges | 640/8 | €37,529 | €7,367 | -€30,162 | -80.4% |
| Gross operating margin | 9900 | -€50,856 | -€83,637 | -€32,781 | -64.5% |
| Operating profit (loss) | 9901 | -€176,848 | -€189,183 | -€12,335 | -7.0% |
| Financial income | 75/76B | €1,935,845 | €1,871,714 | -€64,131 | -3.3% |
| Recurring financial income | 75 | €1,935,845 | €1,871,714 | -€64,131 | -3.3% |
| Financial charges | 65/66B | €275,578 | €524,656 | +€249,078 | +90.4% |
| Recurring financial charges | 65 | €275,578 | €524,656 | +€249,078 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | €1,483,418 | €1,157,875 | -€325,543 | -21.9% |
| Income taxes | 67/77 | €433,472 | €359,469 | -€74,003 | -17.1% |
| Profit (loss) for the period | 9904 | €1,049,946 | €798,406 | -€251,540 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,049,946 | €798,406 | -€251,540 | -24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.