SUD EPERVIER: 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 EPERVIER
Largest movements
- Tangible fixed assets -€31,179
down €31,179 (-9.5%), from €328,593 to €297,414
of which Plant, machinery and equipment: -€19,110
- Cash +€25,151
up €25,151 (+29.4%), from €85,661 to €110,812
mainly Depreciation (+€34,999) and Net result for the year (+€23,189)
- Receivables within one year -€5,596
down €5,596 (-36.8%), from €15,190 to €9,595
of which Trade receivables: -€7,149
- Reserves +€23,185
up €23,185 (+234%), from €9,916 to €33,101
of which Distributable reserves: +€23,185
- Other debts -€15,515
down €15,515 (-37.8%), from €41,059 to €25,544
- Tax, wage and social debts -€10,582
down €10,582 (-82.0%), from €12,900 to €2,319
- Debts after one year -€8,571
down €8,571 (-20.0%), from €42,857 to €34,285
- Gross operating margin -€15,188
down €15,188 (-15.5%), from €98,090 to €82,902
- Taxes -€1,407
down €1,407 (-11.5%), from €12,201 to €10,794
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 | €436,119 | €426,213 | -€9,906 | -2.3% |
| Fixed assets | 21/28 | €333,178 | €302,573 | -€30,604 | -9.2% |
| Intangible fixed assets | 21 | €4,584 | €5,159 | +€575 | +12.5% |
| Tangible fixed assets | 22/27 | €328,593 | €297,414 | -€31,179 | -9.5% |
| Land and buildings | 22 | €68,928 | €56,859 | -€12,068 | -17.5% |
| Plant, machinery and equipment | 23 | €259,666 | €240,555 | -€19,110 | -7.4% |
| Current assets | 29/58 | €102,941 | €123,639 | +€20,698 | +20.1% |
| Amounts receivable within one year | 40/41 | €15,190 | €9,595 | -€5,596 | -36.8% |
| Trade receivables | 40 | €7,380 | €232 | -€7,149 | -96.9% |
| Other amounts receivable | 41 | €7,810 | €9,363 | +€1,553 | +19.9% |
| Cash at bank and in hand | 54/58 | €85,661 | €110,812 | +€25,151 | +29.4% |
| Deferred charges and accrued income | 490/1 | €2,090 | €3,232 | +€1,142 | +54.7% |
| Total equity and liabilities | 10/49 | €436,119 | €426,213 | -€9,906 | -2.3% |
| Equity | 10/15 | €330,731 | €353,920 | +€23,189 | +7.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €9,916 | €33,101 | +€23,185 | +234% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | - | €23,185 | +€23,185 | |
| Profit (loss) carried forward | 14 | €221,658 | €221,662 | +€4 | 0.0% |
| Amounts payable | 17/49 | €105,388 | €72,293 | -€33,095 | -31.4% |
| Amounts payable after more than one year | 17 | €42,857 | €34,285 | -€8,571 | -20.0% |
| Financial debts | 170/4 | €42,857 | €34,285 | -€8,571 | -20.0% |
| Amounts payable within one year | 42/48 | €62,531 | €38,007 | -€24,523 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €8,571 | €8,571 | = | 0.0% |
| Trade debts | 44 | - | €1,573 | +€1,573 | |
| Suppliers | 440/4 | - | €1,573 | +€1,573 | |
| Taxes, remuneration and social security | 45 | €12,900 | €2,319 | -€10,582 | -82.0% |
| Taxes | 450/3 | €12,900 | €2,319 | -€10,582 | -82.0% |
| Other amounts payable | 47/48 | €41,059 | €25,544 | -€15,515 | -37.8% |
| Non-recurring operating income | 76A | €20,500 | - | -€20,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,844 | €34,999 | +€155 | +0.4% |
| Other operating charges | 640/8 | €12,415 | €12,619 | +€204 | +1.6% |
| Gross operating margin | 9900 | €98,090 | €82,902 | -€15,188 | -15.5% |
| Operating profit (loss) | 9901 | €50,832 | €35,285 | -€15,547 | -30.6% |
| Financial income | 75/76B | €121 | €260 | +€138 | +114% |
| Recurring financial income | 75 | €121 | €260 | +€138 | +114% |
| Financial charges | 65/66B | €1,844 | €1,561 | -€283 | -15.3% |
| Recurring financial charges | 65 | €1,844 | €1,561 | -€283 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €49,110 | €33,983 | -€15,126 | -30.8% |
| Income taxes | 67/77 | €12,201 | €10,794 | -€1,407 | -11.5% |
| Profit (loss) for the period | 9904 | €36,908 | €23,189 | -€13,719 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,908 | €23,189 | -€13,719 | -37.2% |
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 19 October 2026 via checked.be.