SUCCAVEST: 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.
What changed
SUCCAVEST
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €4.3m-€2.5m
Equity
€257.8m
2024 · €255.9m+€1.8m
Cash
€553,863
2024 · €202,053+€351,811
Balance sheet total
€270.8m
2024 · €262.8m+€8.0m
Largest movements
Assets
- Tangible fixed assets +€6.6m
up €6.6m (+103.2%), from €6.4m to €13.0m
of which Land and buildings: +€6.6m
Equity and liabilities
- Current portion of long-term debt +€5.0m
up €5.0m (+100.0%), from €5.0m to €10.0m
Income statement
- Financial income -€2.7m
down €2.7m (-56.0%), from €4.7m to €2.1m
- Gross operating margin +€227,863
up €227,863 (+36.3%), from €627,078 to €854,941
- Taxes -€190,487
down €190,487 (-36.9%), from €515,734 to €325,247
- Depreciation +€132,876
up €132,876 (+80.7%), from €164,703 to €297,579
- Financial charges +€84,825
up €84,825 (+36.4%), from €233,328 to €318,154
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
€4.3m
Gross operating margin
+€227,863
Staff costs
-€21,632
Depreciation
-€132,876
Other operating charges
-€814
Financial income
-€2.7m
Financial charges
-€84,825
Taxes
+€190,487
Result 2025
€1.8m
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
+€2.5m
Investment
-€7.2m
Financing
+€5.0m
Cash 2024
€202,053
From operations (derived)
+€2.5m
Net result for the year
+€1.8m
Depreciation
+€297,579
Receivables within one year
-€575,542
Deferred charges and accrued income
-€166,360
Trade debts
+€826,489
Tax, wage and social debts
-€110,195
Other debts
+€400,000
Accrued charges and deferred income
+€12,342
Investment (derived)
-€7.2m
Investment in fixed assets (net)
-€7.2m
Financing
+€5.0m
Current portion of long-term debt
+€5.0m
Cash 2025
€553,863
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,801,205 | €270,771,609 | +€8.0m | +3.0% |
| Fixed assets | 21/28 | €254,439,706 | €261,316,397 | +€6.9m | +2.7% |
| Tangible fixed assets | 22/27 | €6,419,330 | €13,046,021 | +€6.6m | +103.2% |
| Land and buildings | 22 | €6,414,415 | €13,040,733 | +€6.6m | +103.3% |
| Plant, machinery and equipment | 23 | - | €2,210 | +€2,210 | |
| Furniture and vehicles | 24 | €4,915 | €3,078 | -€1,837 | -37.4% |
| Financial fixed assets | 28 | €248,020,376 | €248,270,376 | +€250,000 | +0.1% |
| Current assets | 29/58 | €8,361,499 | €9,455,212 | +€1.1m | +13.1% |
| Amounts receivable after more than one year | 29 | €2,906,782 | €2,906,782 | = | 0.0% |
| Other amounts receivable | 291 | €2,906,782 | €2,906,782 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,005,058 | €5,580,600 | +€575,542 | +11.5% |
| Trade receivables | 40 | €489,582 | €22,383 | -€467,198 | -95.4% |
| Other amounts receivable | 41 | €4,515,476 | €5,558,217 | +€1.0m | +23.1% |
| Cash at bank and in hand | 54/58 | €202,053 | €553,863 | +€351,811 | +174.1% |
| Deferred charges and accrued income | 490/1 | €247,606 | €413,966 | +€166,360 | +67.2% |
| Total equity and liabilities | 10/49 | €262,801,205 | €270,771,609 | +€8.0m | +3.0% |
| Equity | 10/15 | €255,947,484 | €257,789,253 | +€1.8m | +0.7% |
| Contributions | 10/11 | €245,117,876 | €245,117,876 | = | 0.0% |
| Capital | 10 | €245,117,876 | €245,117,876 | = | 0.0% |
| Issued capital | 100 | €245,117,876 | €245,117,876 | = | 0.0% |
| Reserves | 13 | €10,759,068 | €12,600,837 | +€1.8m | +17.1% |
| Non-distributable reserves | 130/1 | €482,780 | €574,868 | +€92,088 | +19.1% |
| Legal reserve | 130 | €482,780 | €574,868 | +€92,088 | +19.1% |
| Tax-exempt reserves | 132 | €3,431,775 | €3,431,775 | = | 0.0% |
| Distributable reserves | 133 | €6,844,514 | €8,594,194 | +€1.7m | +25.6% |
| Profit (loss) carried forward | 14 | €70,540 | €70,540 | = | 0.0% |
| Amounts payable | 17/49 | €6,853,721 | €12,982,356 | +€6.1m | +89.4% |
| Amounts payable within one year | 42/48 | €6,853,721 | €12,970,015 | +€6.1m | +89.2% |
| Current portion of amounts payable after more than one year | 42 | €5,000,000 | €10,000,000 | +€5.0m | +100.0% |
| Trade debts | 44 | €1,252,764 | €2,079,253 | +€826,489 | +66.0% |
| Suppliers | 440/4 | €1,252,764 | €2,079,253 | +€826,489 | +66.0% |
| Taxes, remuneration and social security | 45 | €600,957 | €490,762 | -€110,195 | -18.3% |
| Taxes | 450/3 | €585,077 | €468,211 | -€116,865 | -20.0% |
| Remuneration and social security | 454/9 | €15,881 | €22,551 | +€6,670 | +42.0% |
| Other amounts payable | 47/48 | - | €400,000 | +€400,000 | |
| Accrued charges and deferred income | 492/3 | - | €12,342 | +€12,342 | |
| Remuneration, social security and pensions | 62 | €130,397 | €152,029 | +€21,632 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,703 | €297,579 | +€132,876 | +80.7% |
| Other operating charges | 640/8 | €6,456 | €7,270 | +€814 | +12.6% |
| Gross operating margin | 9900 | €627,078 | €854,941 | +€227,863 | +36.3% |
| Operating profit (loss) | 9901 | €325,522 | €398,063 | +€72,541 | +22.3% |
| Financial income | 75/76B | €4,738,218 | €2,087,106 | -€2.7m | -56.0% |
| Recurring financial income | 75 | €4,738,218 | €2,087,106 | -€2.7m | -56.0% |
| Financial charges | 65/66B | €233,328 | €318,154 | +€84,825 | +36.4% |
| Recurring financial charges | 65 | €233,328 | €318,154 | +€84,825 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €4,830,412 | €2,167,016 | -€2.7m | -55.1% |
| Income taxes | 67/77 | €515,734 | €325,247 | -€190,487 | -36.9% |
| Profit (loss) for the period | 9904 | €4,314,678 | €1,841,769 | -€2.5m | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,314,678 | €1,841,769 | -€2.5m | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.