SUD EXPRESS: 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 EXPRESS
Largest movements
- Tangible fixed assets -€11,990
down €11,990 (-24.2%), from €49,631 to €37,641
- Cash -€2,047
no longer reported in 2025 (was €2,047)
mainly Net result for the year (-€18,657) and Trade debts (-€1,106)
- Profit (loss) carried forward -€18,657
down €18,657 (-407.0%), from -€4,584 to -€23,240
- Other debts +€6,079
up €6,079 (+13.1%), from €46,321 to €52,400
- Trade debts -€1,106
no longer reported in 2025 (was €1,106)
- Gross operating margin -€12,661
down €12,661, from €6,130 to -€6,531
- Depreciation +€1,671
up €1,671 (+16.2%), from €10,319 to €11,990
- Other operating charges -€383
no longer reported in 2025 (was €383)
- Financial charges +€124
up €124 (+1075.6%), from €12 to €136
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.
Cash bridge derived
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 | €52,843 | €39,159 | -€13,684 | -25.9% |
| Fixed assets | 21/28 | €49,631 | €37,641 | -€11,990 | -24.2% |
| Tangible fixed assets | 22/27 | €49,631 | €37,641 | -€11,990 | -24.2% |
| Furniture and vehicles | 24 | €49,631 | €37,641 | -€11,990 | -24.2% |
| Current assets | 29/58 | €3,213 | €1,519 | -€1,694 | -52.7% |
| Amounts receivable within one year | 40/41 | €1,166 | €1,519 | +€353 | +30.3% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €165 | €1,519 | +€1,353 | +817.7% |
| Cash at bank and in hand | 54/58 | €2,047 | - | -€2,047 | |
| Total equity and liabilities | 10/49 | €52,843 | €39,159 | -€13,684 | -25.9% |
| Equity | 10/15 | €5,416 | -€13,240 | -€18,657 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,584 | -€23,240 | -€18,657 | -407.0% |
| Amounts payable | 17/49 | €47,427 | €52,400 | +€4,973 | +10.5% |
| Amounts payable within one year | 42/48 | €47,427 | €52,400 | +€4,973 | +10.5% |
| Trade debts | 44 | €1,106 | - | -€1,106 | |
| Suppliers | 440/4 | €1,106 | - | -€1,106 | |
| Other amounts payable | 47/48 | €46,321 | €52,400 | +€6,079 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,319 | €11,990 | +€1,671 | +16.2% |
| Other operating charges | 640/8 | €383 | - | -€383 | |
| Gross operating margin | 9900 | €6,130 | -€6,531 | -€12,661 | |
| Operating profit (loss) | 9901 | -€4,572 | -€18,521 | -€13,949 | -305.1% |
| Financial charges | 65/66B | €12 | €136 | +€124 | +1075.6% |
| Recurring financial charges | 65 | €12 | €136 | +€124 | +1075.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,584 | -€18,657 | -€14,073 | -307.0% |
| Profit (loss) for the period | 9904 | -€4,584 | -€18,657 | -€14,073 | -307.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,584 | -€18,657 | -€14,073 | -307.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.