Suc-6: 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.
What changed
Suc-6
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€189,829
2024 · €644,158-€454,329
Equity
€4.8m
2024 · €4.6m+€189,829
Cash
€348,724
2024 · €528,189-€179,466
Balance sheet total
€8.9m
2024 · €9.0m-€156,446
Largest movements
Assets
- Current investments +€300,000
new in 2025: €300,000
- Cash -€179,466
down €179,466 (-34.0%), from €528,189 to €348,724
mainly Current investments (-€300,000) and Debts after one year (-€178,138)
- Stocks and contracts -€129,100
down €129,100 (-8.2%), from €1.6m to €1.4m
Equity and liabilities
- Reserves +€189,829
up €189,829 (+4.2%), from €4.6m to €4.8m
of which Distributable reserves: +€214,749
- Trade debts +€185,156
up €185,156 (+1014.8%), from €18,246 to €203,403
- Debts after one year -€178,138
down €178,138 (-8.0%), from €2.2m to €2.0m
of which Financial debts: -€194,388
- Other debts -€172,713
down €172,713 (-12.7%), from €1.4m to €1.2m
Income statement
- Gross operating margin -€845,675
down €845,675 (-56.9%), from €1.5m to €640,482
- Provisions -€160,000
down €160,000, from €80,000 to -€80,000
- Taxes -€109,212
down €109,212 (-51.9%), from €210,424 to €101,211
- Financial charges -€38,950
down €38,950 (-19.7%), from €198,014 to €159,065
- Depreciation -€24,144
down €24,144 (-13.9%), from €174,053 to €149,909
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.
Result 2024
€644,158
Gross operating margin
-€845,675
Staff costs
+€9,768
Depreciation
+€24,144
Write-downs
-€21,551
Provisions
+€160,000
Other operating charges
+€3,424
Financial income
-€7,146
Financial charges
+€38,950
Taxes
+€109,212
Deferred taxes and other
+€74,546
Result 2025
€189,829
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.
From operations
+€362,652
Investment
-€365,577
Financing
-€176,540
Cash 2024
€528,189
From operations (derived)
+€362,652
Net result for the year
+€189,829
Depreciation
+€149,909
Stocks and contracts
+€129,100
Receivables within one year
+€64,516
Deferred charges and accrued income
-€968
Provisions
-€88,307
Trade debts
+€185,156
Tax, wage and social debts
-€76,282
Advances received
+€5,718
Other debts
-€172,713
Accrued charges and deferred income
-€23,308
Investment (derived)
-€365,577
Investment in fixed assets (net)
-€65,577
Current investments
-€300,000
Financing
-€176,540
Debts after one year
-€178,138
Current portion of long-term debt
+€1,598
Cash 2025
€348,724
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,023,847 | €8,867,401 | -€156,446 | -1.7% |
| Fixed assets | 21/28 | €6,549,418 | €6,465,086 | -€84,332 | -1.3% |
| Tangible fixed assets | 22/27 | €6,120,317 | €6,035,985 | -€84,332 | -1.4% |
| Land and buildings | 22 | €6,120,317 | €6,035,985 | -€84,332 | -1.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €429,100 | €429,100 | = | 0.0% |
| Current assets | 29/58 | €2,474,430 | €2,402,316 | -€72,114 | -2.9% |
| Stocks and contracts in progress | 3 | €1,577,912 | €1,448,812 | -€129,100 | -8.2% |
| Stocks | 30/36 | €1,577,912 | €1,448,812 | -€129,100 | -8.2% |
| Amounts receivable within one year | 40/41 | €362,080 | €297,564 | -€64,516 | -17.8% |
| Trade receivables | 40 | €12,485 | €10,198 | -€2,287 | -18.3% |
| Other amounts receivable | 41 | €349,595 | €287,366 | -€62,229 | -17.8% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €528,189 | €348,724 | -€179,466 | -34.0% |
| Deferred charges and accrued income | 490/1 | €6,248 | €7,216 | +€968 | +15.5% |
| Total equity and liabilities | 10/49 | €9,023,847 | €8,867,401 | -€156,446 | -1.7% |
| Equity | 10/15 | €4,627,785 | €4,817,614 | +€189,829 | +4.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €4,565,285 | €4,755,114 | +€189,829 | +4.2% |
| Non-distributable reserves | 130/1 | €6,764 | €6,764 | = | 0.0% |
| Legal reserve | 130 | €6,764 | €6,764 | = | 0.0% |
| Tax-exempt reserves | 132 | €844,298 | €819,379 | -€24,920 | -3.0% |
| Distributable reserves | 133 | €3,714,223 | €3,928,972 | +€214,749 | +5.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €361,433 | €273,126 | -€88,307 | -24.4% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €0 | -€80,000 | -100.0% |
| Other liabilities and charges | 164/5 | €80,000 | €0 | -€80,000 | -100.0% |
| Deferred taxes | 168 | €281,433 | €273,126 | -€8,307 | -3.0% |
| Amounts payable | 17/49 | €4,034,629 | €3,776,661 | -€257,969 | -6.4% |
| Amounts payable after more than one year | 17 | €2,219,657 | €2,041,519 | -€178,138 | -8.0% |
| Financial debts | 170/4 | €2,204,722 | €2,010,334 | -€194,388 | -8.8% |
| Other amounts payable | 178/9 | €14,935 | €31,185 | +€16,250 | +108.8% |
| Amounts payable within one year | 42/48 | €1,683,688 | €1,627,165 | -€56,523 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €193,756 | €195,354 | +€1,598 | +0.8% |
| Trade debts | 44 | €18,246 | €203,403 | +€185,156 | +1014.8% |
| Suppliers | 440/4 | €18,246 | €203,403 | +€185,156 | +1014.8% |
| Advances received on contracts in progress | 46 | €21,622 | €27,340 | +€5,718 | +26.4% |
| Taxes, remuneration and social security | 45 | €93,125 | €16,843 | -€76,282 | -81.9% |
| Taxes | 450/3 | €82,972 | €6,356 | -€76,616 | -92.3% |
| Remuneration and social security | 454/9 | €10,153 | €10,487 | +€334 | +3.3% |
| Other amounts payable | 47/48 | €1,356,939 | €1,184,226 | -€172,713 | -12.7% |
| Accrued charges and deferred income | 492/3 | €131,285 | €107,977 | -€23,308 | -17.8% |
| Non-recurring operating income | 76A | €449,660 | €0 | -€449,660 | -100.0% |
| Remuneration, social security and pensions | 62 | €58,519 | €48,751 | -€9,768 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,053 | €149,909 | -€24,144 | -13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,554 | €11,998 | +€21,551 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €80,000 | -€80,000 | -€160,000 | |
| Other operating charges | 640/8 | €85,444 | €82,020 | -€3,424 | -4.0% |
| Gross operating margin | 9900 | €1,486,158 | €640,482 | -€845,675 | -56.9% |
| Operating profit (loss) | 9901 | €1,097,695 | €427,804 | -€669,890 | -61.0% |
| Financial income | 75/76B | €21,141 | €13,994 | -€7,146 | -33.8% |
| Recurring financial income | 75 | €21,141 | €13,994 | -€7,146 | -33.8% |
| Financial charges | 65/66B | €198,014 | €159,065 | -€38,950 | -19.7% |
| Recurring financial charges | 65 | €198,014 | €159,065 | -€38,950 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €920,821 | €282,734 | -€638,087 | -69.3% |
| Transfer from deferred taxes | 780 | €7,639 | €8,307 | +€668 | +8.7% |
| Transfer to deferred taxes | 680 | €73,878 | €0 | -€73,878 | -100.0% |
| Income taxes | 67/77 | €210,424 | €101,211 | -€109,212 | -51.9% |
| Profit (loss) for the period | 9904 | €644,158 | €189,829 | -€454,329 | -70.5% |
| Transfer from tax-exempt reserves | 789 | €22,917 | €24,920 | +€2,003 | +8.7% |
| Transfer to tax-exempt reserves | 689 | €221,634 | €0 | -€221,634 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €445,441 | €214,749 | -€230,692 | -51.8% |
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 9 October 2026 via checked.be.