SUD CAPITALE: 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.
SUD CAPITALE
Largest movements
- Cash +€25,425
up €25,425 (+131%), from €19,394 to €44,820
mainly Net result for the year (+€37,384) and Trade debts (+€2,355)
- Receivables within one year +€11,797
up €11,797 (+91.4%), from €12,901 to €24,698
of which Other amounts receivable: +€6,559
- Reserves +€33,390
up €33,390 (+316%), from €10,550 to €43,940
- Trade debts +€2,355
new in 2025: €2,355
- Tax, wage and social debts +€1,558
up €1,558 (+31.6%), from €4,931 to €6,489
- Gross operating margin +€36,403
up €36,403 (+204%), from €17,817 to €54,220
- Taxes +€7,957
up €7,957 (+135%), from €5,893 to €13,849
- Other operating charges +€1,065
up €1,065 (+198%), from €537 to €1,603
- Financial income +€562
new in 2025: €562
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.
Derived cash bridge
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 | €35,010 | €72,262 | +€37,252 | +106% |
| Fixed assets | 21/28 | €2,714 | €2,743 | +€30 | +1.1% |
| Tangible fixed assets | 22/27 | €2,714 | €2,743 | +€30 | +1.1% |
| Furniture and vehicles | 24 | €2,714 | €2,743 | +€30 | +1.1% |
| Current assets | 29/58 | €32,296 | €69,518 | +€37,222 | +115% |
| Amounts receivable within one year | 40/41 | €12,901 | €24,698 | +€11,797 | +91.4% |
| Trade receivables | 40 | €7,901 | €13,140 | +€5,238 | +66.3% |
| Other amounts receivable | 41 | €5,000 | €11,559 | +€6,559 | +131% |
| Cash at bank and in hand | 54/58 | €19,394 | €44,820 | +€25,425 | +131% |
| Total equity and liabilities | 10/49 | €35,010 | €72,262 | +€37,252 | +106% |
| Equity | 10/15 | €29,158 | €62,559 | +€33,401 | +115% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,550 | €43,940 | +€33,390 | +316% |
| Distributable reserves | 133 | €10,550 | €43,940 | +€33,390 | +316% |
| Profit (loss) carried forward | 14 | €8 | €19 | +€11 | +135% |
| Amounts payable | 17/49 | €5,852 | €9,703 | +€3,851 | +65.8% |
| Amounts payable within one year | 42/48 | €5,852 | €9,703 | +€3,851 | +65.8% |
| Trade debts | 44 | - | €2,355 | +€2,355 | |
| Suppliers | 440/4 | - | €2,355 | +€2,355 | |
| Taxes, remuneration and social security | 45 | €4,931 | €6,489 | +€1,558 | +31.6% |
| Taxes | 450/3 | €4,931 | €6,489 | +€1,558 | +31.6% |
| Other amounts payable | 47/48 | €921 | €859 | -€62 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €680 | €1,085 | +€405 | +59.6% |
| Other operating charges | 640/8 | €537 | €1,603 | +€1,065 | +198% |
| Gross operating margin | 9900 | €17,817 | €54,220 | +€36,403 | +204% |
| Operating profit (loss) | 9901 | €16,600 | €51,532 | +€34,932 | +210% |
| Financial income | 75/76B | - | €562 | +€562 | |
| Recurring financial income | 75 | - | €562 | +€562 | |
| Financial charges | 65/66B | €1,070 | €861 | -€209 | -19.5% |
| Recurring financial charges | 65 | €1,070 | €861 | -€209 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €15,530 | €51,233 | +€35,704 | +230% |
| Income taxes | 67/77 | €5,893 | €13,849 | +€7,957 | +135% |
| Profit (loss) for the period | 9904 | €9,637 | €37,384 | +€27,747 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €9,637 | €37,384 | +€27,747 | +288% |
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 15 October 2026 via checked.be.