SUD: 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.
SUD
Largest movements
- Receivables within one year +€97,797
up €97,797 (+84.8%), from €115,269 to €213,066
of which Trade receivables: +€90,295
- Tangible fixed assets +€7,604
up €7,604 (+102.9%), from €7,391 to €14,995
- Reserves +€87,498
up €87,498 (+149.5%), from €58,516 to €146,014
- Other debts +€35,000
up €35,000 (+140.0%), from €25,000 to €60,000
- Trade debts -€16,355
no longer reported in 2024 (was €16,355)
- Purchases and services -€42,251
down €42,251 (-56.5%), from €74,818 to €32,567
- Gross operating margin +€41,879
up €41,879 (+24.5%), from €171,213 to €213,092
- Staff costs -€18,254
down €18,254 (-32.0%), from €57,006 to €38,751
- Financial charges -€6,745
no longer reported in 2024 (was €6,745)
- Taxes +€4,981
up €4,981 (+27.3%), from €18,255 to €23,236
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 | €123,949 | €229,350 | +€105,401 | +85.0% |
| Fixed assets | 21/28 | €7,741 | €15,345 | +€7,604 | +98.2% |
| Tangible fixed assets | 22/27 | €7,391 | €14,995 | +€7,604 | +102.9% |
| Furniture and vehicles | 24 | €7,391 | €14,995 | +€7,604 | +102.9% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €116,208 | €214,005 | +€97,797 | +84.2% |
| Amounts receivable within one year | 40/41 | €115,269 | €213,066 | +€97,797 | +84.8% |
| Trade receivables | 40 | €11,304 | €101,599 | +€90,295 | +798.8% |
| Other amounts receivable | 41 | €103,965 | €111,466 | +€7,502 | +7.2% |
| Cash at bank and in hand | 54/58 | €256 | €256 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €684 | €684 | = | 0.0% |
| Total equity and liabilities | 10/49 | €123,949 | €229,350 | +€105,401 | +85.0% |
| Equity | 10/15 | €58,616 | €146,114 | +€87,498 | +149.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €58,516 | €146,014 | +€87,498 | +149.5% |
| Distributable reserves | 133 | €58,516 | €146,014 | +€87,498 | +149.5% |
| Amounts payable | 17/49 | €65,333 | €83,236 | +€17,902 | +27.4% |
| Amounts payable within one year | 42/48 | €65,333 | €83,236 | +€17,902 | +27.4% |
| Trade debts | 44 | €16,355 | - | -€16,355 | |
| Suppliers | 440/4 | €16,355 | - | -€16,355 | |
| Taxes, remuneration and social security | 45 | €23,979 | €23,236 | -€743 | -3.1% |
| Taxes | 450/3 | €23,327 | €23,236 | -€91 | -0.4% |
| Remuneration and social security | 454/9 | €652 | - | -€652 | |
| Other amounts payable | 47/48 | €25,000 | €60,000 | +€35,000 | +140.0% |
| Turnover | 70 | €240,734 | €239,859 | -€874 | -0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,818 | €32,567 | -€42,251 | -56.5% |
| Remuneration, social security and pensions | 62 | €57,006 | €38,751 | -€18,254 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,527 | €3,606 | -€921 | -20.3% |
| Other operating charges | 640/8 | €1,165 | - | -€1,165 | |
| Gross operating margin | 9900 | €171,213 | €213,092 | +€41,879 | +24.5% |
| Operating profit (loss) | 9901 | €108,516 | €170,734 | +€62,218 | +57.3% |
| Financial charges | 65/66B | €6,745 | - | -€6,745 | |
| Recurring financial charges | 65 | €6,745 | - | -€6,745 | |
| Profit (loss) for the period before taxes | 9903 | €101,771 | €170,734 | +€68,963 | +67.8% |
| Income taxes | 67/77 | €18,255 | €23,236 | +€4,981 | +27.3% |
| Profit (loss) for the period | 9904 | €83,516 | €147,498 | +€63,982 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,516 | €147,498 | +€63,982 | +76.6% |
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 6 October 2026 via checked.be.