SUD - CONSULTING: 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
SUD - CONSULTING
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,251
2024 · -€40,363+€79,614
Equity
€993,745
2024 · €954,494+€39,251
Cash
€19,386
2024 · €13,084+€6,302
Balance sheet total
€1.9m
2024 · €2.0m-€78,742
Largest movements
Assets
- Tangible fixed assets -€86,962
down €86,962 (-4.4%), from €2.0m to €1.9m
of which Land and buildings: -€65,830
Equity and liabilities
- Debts after one year -€112,034
down €112,034 (-12.5%), from €894,373 to €782,338
- Profit (loss) carried forward +€39,251
up €39,251 (+80.8%), from -€48,605 to -€9,354
Income statement
- Gross operating margin +€49,651
up €49,651 (+55.0%), from €90,271 to €139,922
- Other operating charges -€27,516
down €27,516 (-95.6%), from €28,767 to €1,252
- Depreciation -€1,836
down €1,836 (-2.0%), from €91,394 to €89,558
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
-€40,363
Gross operating margin
+€49,651
Depreciation
+€1,836
Other operating charges
+€27,516
Financial income
-€18
Financial charges
+€1,112
Taxes
-€482
Result 2025
€39,251
raises the resultlowers the result
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.
From operations
+€130,974
Investment
-€12,638
Financing
-€112,034
Cash 2024
€13,084
From operations (derived)
+€130,974
Net result for the year
+€39,251
Depreciation
+€89,558
Receivables within one year
+€7,656
Deferred charges and accrued income
+€468
Trade debts
-€6,604
Tax, wage and social debts
-€1,060
Other debts
+€3,176
Accrued charges and deferred income
-€1,470
Investment (derived)
-€12,638
Investment in fixed assets (net)
-€2,596
Current investments
-€10,042
Financing
-€112,034
Debts after one year
-€112,034
Cash 2025
€19,386
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,024,507 | €1,945,765 | -€78,742 | -3.9% |
| Fixed assets | 21/28 | €1,995,949 | €1,908,986 | -€86,962 | -4.4% |
| Tangible fixed assets | 22/27 | €1,995,949 | €1,908,986 | -€86,962 | -4.4% |
| Land and buildings | 22 | €1,969,696 | €1,903,866 | -€65,830 | -3.3% |
| Plant, machinery and equipment | 23 | €3,856 | €0 | -€3,856 | -100% |
| Furniture and vehicles | 24 | €22,397 | €5,121 | -€17,276 | -77.1% |
| Current assets | 29/58 | €28,559 | €36,779 | +€8,220 | +28.8% |
| Amounts receivable within one year | 40/41 | €7,656 | €0 | -€7,656 | -100% |
| Other amounts receivable | 41 | €7,656 | €0 | -€7,656 | -100% |
| Current investments | 50/53 | €5,129 | €15,171 | +€10,042 | +196% |
| Cash at bank and in hand | 54/58 | €13,084 | €19,386 | +€6,302 | +48.2% |
| Deferred charges and accrued income | 490/1 | €2,690 | €2,222 | -€468 | -17.4% |
| Total equity and liabilities | 10/49 | €2,024,507 | €1,945,765 | -€78,742 | -3.9% |
| Equity | 10/15 | €954,494 | €993,745 | +€39,251 | +4.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,605 | -€9,354 | +€39,251 | +80.8% |
| Amounts payable | 17/49 | €1,070,013 | €952,020 | -€117,993 | -11.0% |
| Amounts payable after more than one year | 17 | €894,373 | €782,338 | -€112,034 | -12.5% |
| Financial debts | 170/4 | €894,373 | €782,338 | -€112,034 | -12.5% |
| Amounts payable within one year | 42/48 | €174,171 | €169,682 | -€4,489 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €112,034 | €112,034 | = | 0.0% |
| Trade debts | 44 | €7,327 | €723 | -€6,604 | -90.1% |
| Suppliers | 440/4 | €7,327 | €723 | -€6,604 | -90.1% |
| Taxes, remuneration and social security | 45 | €1,966 | €906 | -€1,060 | -53.9% |
| Taxes | 450/3 | €1,966 | €906 | -€1,060 | -53.9% |
| Other amounts payable | 47/48 | €52,843 | €56,019 | +€3,176 | +6.0% |
| Accrued charges and deferred income | 492/3 | €1,470 | €0 | -€1,470 | -100% |
| Non-recurring operating income | 76A | €0 | €399 | +€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,394 | €89,558 | -€1,836 | -2.0% |
| Other operating charges | 640/8 | €28,767 | €1,252 | -€27,516 | -95.6% |
| Gross operating margin | 9900 | €90,271 | €139,922 | +€49,651 | +55.0% |
| Operating profit (loss) | 9901 | -€29,890 | €49,112 | +€79,003 | |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €10,491 | €9,379 | -€1,112 | -10.6% |
| Recurring financial charges | 65 | €10,491 | €9,379 | -€1,112 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,363 | €39,733 | +€80,096 | |
| Income taxes | 67/77 | €0 | €482 | +€482 | |
| Profit (loss) for the period | 9904 | -€40,363 | €39,251 | +€79,614 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,363 | €39,251 | +€79,614 |
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 17 October 2026 via checked.be.