SUD EQUIPEMENT: 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 EQUIPEMENT
Largest movements
- Receivables within one year -€399,898
down €399,898 (-72.2%), from €554,034 to €154,137
of which Trade receivables: -€380,671
- Cash -€158,023
down €158,023 (-88.1%), from €179,349 to €21,325
mainly Trade debts (-€313,719) and Short-term financial debts (-€200,000)
- Stocks and contracts +€131,642
up €131,642 (+19.3%), from €682,970 to €814,613
- Tangible fixed assets +€50,882
up €50,882 (+46.8%), from €108,825 to €159,707
of which Leasing and similar rights: +€26,866
- Trade debts -€313,719
down €313,719 (-83.4%), from €375,949 to €62,230
- Short-term financial debts -€200,000
down €200,000 (-80.0%), from €250,000 to €50,000
- Debts after one year +€147,350
up €147,350 (+212%), from €69,566 to €216,916
- Current portion of long-term debt +€48,637
up €48,637 (+150%), from €32,513 to €81,149
- Other debts -€48,500
down €48,500 (-92.4%), from €52,500 to €4,000
- Staff costs +€106,313
up €106,313 (+41.7%), from €254,958 to €361,271
- Gross operating margin +€21,770
up €21,770 (+5.0%), from €432,027 to €453,798
- Depreciation +€12,926
up €12,926 (+61.2%), from €21,119 to €34,045
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 | €1,549,293 | €1,176,295 | -€372,998 | -24.1% |
| Fixed assets | 21/28 | €113,010 | €163,892 | +€50,882 | +45.0% |
| Tangible fixed assets | 22/27 | €108,825 | €159,707 | +€50,882 | +46.8% |
| Plant, machinery and equipment | 23 | €68,731 | €89,769 | +€21,037 | +30.6% |
| Furniture and vehicles | 24 | €14,118 | €17,096 | +€2,979 | +21.1% |
| Leasing and similar rights | 25 | €25,977 | €52,842 | +€26,866 | +103% |
| Financial fixed assets | 28 | €4,185 | €4,185 | = | 0.0% |
| Current assets | 29/58 | €1,436,283 | €1,012,403 | -€423,880 | -29.5% |
| Stocks and contracts in progress | 3 | €682,970 | €814,613 | +€131,642 | +19.3% |
| Stocks | 30/36 | €682,970 | €814,613 | +€131,642 | +19.3% |
| Amounts receivable within one year | 40/41 | €554,034 | €154,137 | -€399,898 | -72.2% |
| Trade receivables | 40 | €506,388 | €125,717 | -€380,671 | -75.2% |
| Other amounts receivable | 41 | €47,647 | €28,420 | -€19,227 | -40.4% |
| Cash at bank and in hand | 54/58 | €179,349 | €21,325 | -€158,023 | -88.1% |
| Deferred charges and accrued income | 490/1 | €19,929 | €22,328 | +€2,399 | +12.0% |
| Total equity and liabilities | 10/49 | €1,549,293 | €1,176,295 | -€372,998 | -24.1% |
| Equity | 10/15 | €664,736 | €696,551 | +€31,815 | +4.8% |
| Contributions | 10/11 | €156,400 | €156,400 | = | 0.0% |
| Reserves | 13 | €70,910 | €100,910 | +€30,000 | +42.3% |
| Tax-exempt reserves | 132 | €24,650 | €24,650 | = | 0.0% |
| Distributable reserves | 133 | €46,260 | €76,260 | +€30,000 | +64.9% |
| Profit (loss) carried forward | 14 | €437,426 | €439,241 | +€1,815 | +0.4% |
| Amounts payable | 17/49 | €884,557 | €479,744 | -€404,813 | -45.8% |
| Amounts payable after more than one year | 17 | €69,566 | €216,916 | +€147,350 | +212% |
| Financial debts | 170/4 | €69,566 | €216,916 | +€147,350 | +212% |
| Amounts payable within one year | 42/48 | €814,980 | €262,817 | -€552,163 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €32,513 | €81,149 | +€48,637 | +150% |
| Financial debts | 43 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Credit institutions | 430/8 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Trade debts | 44 | €375,949 | €62,230 | -€313,719 | -83.4% |
| Suppliers | 440/4 | €375,949 | €62,230 | -€313,719 | -83.4% |
| Taxes, remuneration and social security | 45 | €104,018 | €65,437 | -€38,581 | -37.1% |
| Taxes | 450/3 | €73,518 | €24,012 | -€49,506 | -67.3% |
| Remuneration and social security | 454/9 | €30,500 | €41,425 | +€10,925 | +35.8% |
| Other amounts payable | 47/48 | €52,500 | €4,000 | -€48,500 | -92.4% |
| Accrued charges and deferred income | 492/3 | €11 | €11 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €254,958 | €361,271 | +€106,313 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,119 | €34,045 | +€12,926 | +61.2% |
| Other operating charges | 640/8 | €3,929 | €7,888 | +€3,959 | +101% |
| Non-recurring operating charges | 66A | €9,994 | €150 | -€9,844 | -98.5% |
| Gross operating margin | 9900 | €432,027 | €453,798 | +€21,770 | +5.0% |
| Operating profit (loss) | 9901 | €142,027 | €50,444 | -€91,583 | -64.5% |
| Financial income | 75/76B | €221 | €3,608 | +€3,387 | +1,533% |
| Recurring financial income | 75 | €221 | €3,608 | +€3,387 | +1,533% |
| Financial charges | 65/66B | €17,996 | €18,041 | +€45 | +0.2% |
| Recurring financial charges | 65 | €17,996 | €18,041 | +€45 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €124,252 | €36,011 | -€88,241 | -71.0% |
| Income taxes | 67/77 | €3,758 | €4,196 | +€438 | +11.7% |
| Profit (loss) for the period | 9904 | €120,494 | €31,815 | -€88,679 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,494 | €31,815 | -€88,679 | -73.6% |
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 22 October 2026 via checked.be.