SUD-FRESH: 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-FRESH
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€380,732
2024 · €110,954-€491,686
Equity
€234,826
2024 · €570,286-€335,460
Cash
€110,067
2024 · €104,084+€5,984
Balance sheet total
€11.9m
2024 · €7.6m+€4.3m
Largest movements
Assets
- Tangible fixed assets +€4.7m
up €4.7m (+210%), from €2.2m to €6.9m
of which Leasing and similar rights: +€4.5m
- Financial fixed assets -€853,941
down €853,941 (-23.5%), from €3.6m to €2.8m
of which Affiliated companies: -€849,991
- Receivables within one year +€547,986
up €547,986 (+38.6%), from €1.4m to €2.0m
of which Trade receivables: +€578,172
Equity and liabilities
- Debts after one year +€3.3m
up €3.3m (+179%), from €1.8m to €5.1m
of which Financial debts: +€4.0m
- Current portion of long-term debt +€848,873
up €848,873 (+186%), from €457,499 to €1.3m
- Profit (loss) carried forward -€380,732
down €380,732 (-286%), from -€132,903 to -€513,635
- Accrued charges and deferred income +€224,602
up €224,602 (+662%), from €33,914 to €258,517
- Trade debts +€183,198
up €183,198 (+4.9%), from €3.7m to €3.9m
Income statement
- Turnover +€3.7m
up €3.7m (+20.4%), from €18.0m to €21.6m
- Staff costs +€1.4m
up €1.4m (+19.3%), from €7.2m to €8.5m
- Services and other goods +€1.2m
up €1.2m (+28.7%), from €4.3m to €5.6m
- Goods and materials +€600,401
up €600,401 (+11.7%), from €5.1m to €5.7m
of which Purchases: +€613,056
- Depreciation +€586,858
up €586,858 (+99.6%), from €589,287 to €1.2m
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
€110,954
Turnover
+€3.7m
Other operating income
-€47,716
Goods and materials
-€600,401
Services and other goods
-€1.2m
Staff costs
-€1.4m
Depreciation
-€586,858
Write-downs
-€19,001
Provisions
+€21,100
Other operating charges
-€172,219
Other operating items
-€8,907
Financial income
+€512
Financial charges
-€127,709
Taxes
-€1,505
Result 2025
-€380,732
raises the resultlowers the resultnot broken down further in the accounts
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
+€844,926
Investment
-€5.0m
Financing
+€4.1m
Cash 2024
€104,084
From operations (derived)
+€844,926
Net result for the year
-€380,732
Depreciation
+€1.2m
Smaller working-capital items
-€14,839
Receivables within one year
-€547,986
Deferred charges and accrued income
+€51,900
Trade debts
+€183,198
Tax, wage and social debts
+€138,480
Other debts
+€14,157
Accrued charges and deferred income
+€224,602
Investment (derived)
-€5.0m
Investment in fixed assets (net)
-€5.0m
Financing
+€4.1m
Debts after one year
+€3.3m
Current portion of long-term debt
+€848,873
Short-term financial debts
-€19,937
Contributions, distributions and other
+€45,271
Cash 2025
€110,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,602,899 | €11,906,891 | +€4.3m | +56.6% |
| Fixed assets | 21/28 | €5,883,390 | €9,681,024 | +€3.8m | +64.5% |
| Intangible fixed assets | 21 | €26,463 | €25,166 | -€1,297 | -4.9% |
| Tangible fixed assets | 22/27 | €2,219,479 | €6,872,350 | +€4.7m | +210% |
| Plant, machinery and equipment | 23 | €59,823 | €61,260 | +€1,437 | +2.4% |
| Furniture and vehicles | 24 | €403,457 | €495,099 | +€91,642 | +22.7% |
| Leasing and similar rights | 25 | €1,590,220 | €6,117,605 | +€4.5m | +285% |
| Other tangible fixed assets | 26 | €162,876 | €184,979 | +€22,103 | +13.6% |
| Assets under construction and advance payments | 27 | €3,103 | €13,406 | +€10,304 | +332% |
| Financial fixed assets | 28 | €3,637,448 | €2,783,508 | -€853,941 | -23.5% |
| Affiliated companies | 280/1 | €3,629,991 | €2,780,000 | -€849,991 | -23.4% |
| Participating interests | 280 | €2,780,000 | €2,780,000 | = | 0.0% |
| Amounts receivable | 281 | €849,991 | €0 | -€849,991 | -100% |
| Other financial fixed assets | 284/8 | €7,458 | €3,508 | -€3,950 | -53.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,458 | €3,508 | -€3,950 | -53.0% |
| Current assets | 29/58 | €1,719,508 | €2,225,867 | +€506,359 | +29.4% |
| Stocks and contracts in progress | 3 | €52,499 | €56,788 | +€4,289 | +8.2% |
| Stocks | 30/36 | €52,499 | €56,788 | +€4,289 | +8.2% |
| Goods purchased for resale | 34 | €52,499 | €56,788 | +€4,289 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,419,732 | €1,967,718 | +€547,986 | +38.6% |
| Trade receivables | 40 | €1,362,879 | €1,941,051 | +€578,172 | +42.4% |
| Other amounts receivable | 41 | €56,853 | €26,667 | -€30,186 | -53.1% |
| Cash at bank and in hand | 54/58 | €104,084 | €110,067 | +€5,984 | +5.7% |
| Deferred charges and accrued income | 490/1 | €143,193 | €91,293 | -€51,900 | -36.2% |
| Total equity and liabilities | 10/49 | €7,602,899 | €11,906,891 | +€4.3m | +56.6% |
| Equity | 10/15 | €570,286 | €234,826 | -€335,460 | -58.8% |
| Contributions | 10/11 | €670,000 | €670,000 | = | 0.0% |
| Capital | 10 | €670,000 | €670,000 | = | 0.0% |
| Issued capital | 100 | €670,000 | €670,000 | = | 0.0% |
| Reserves | 13 | €4,801 | €4,801 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,801 | €4,801 | = | 0.0% |
| Legal reserve | 130 | €4,801 | €4,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,903 | -€513,635 | -€380,732 | -286% |
| Investment grants | 15 | €28,389 | €73,660 | +€45,271 | +159% |
| Provisions and deferred taxes | 16 | €10,550 | €0 | -€10,550 | -100% |
| Provisions for liabilities and charges | 160/5 | €10,550 | €0 | -€10,550 | -100% |
| Other liabilities and charges | 164/5 | €10,550 | €0 | -€10,550 | -100% |
| Amounts payable | 17/49 | €7,022,062 | €11,672,065 | +€4.7m | +66.2% |
| Amounts payable after more than one year | 17 | €1,823,016 | €5,083,645 | +€3.3m | +179% |
| Financial debts | 170/4 | €1,110,516 | €5,083,645 | +€4.0m | +358% |
| Leasing and similar obligations | 172 | €1,110,516 | €4,763,645 | +€3.7m | +329% |
| Other loans | 174 | - | €320,000 | +€320,000 | |
| Trade debts | 175 | €712,500 | €0 | -€712,500 | -100% |
| Suppliers | 1750 | €712,500 | €0 | -€712,500 | -100% |
| Amounts payable within one year | 42/48 | €5,165,132 | €6,329,903 | +€1.2m | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €457,499 | €1,306,372 | +€848,873 | +186% |
| Financial debts | 43 | €105,109 | €85,172 | -€19,937 | -19.0% |
| Credit institutions | 430/8 | €105,109 | €85,172 | -€19,937 | -19.0% |
| Trade debts | 44 | €3,701,344 | €3,884,542 | +€183,198 | +4.9% |
| Suppliers | 440/4 | €3,701,344 | €3,884,542 | +€183,198 | +4.9% |
| Taxes, remuneration and social security | 45 | €901,180 | €1,039,660 | +€138,480 | +15.4% |
| Taxes | 450/3 | €188,285 | €224,626 | +€36,341 | +19.3% |
| Remuneration and social security | 454/9 | €712,895 | €815,034 | +€102,139 | +14.3% |
| Other amounts payable | 47/48 | - | €14,157 | +€14,157 | |
| Accrued charges and deferred income | 492/3 | €33,914 | €258,517 | +€224,602 | +662% |
| Operating income | 70/76A | €18,476,496 | €22,092,272 | +€3.6m | +19.6% |
| Turnover | 70 | €17,964,153 | €21,636,122 | +€3.7m | +20.4% |
| Other operating income | 74 | €503,866 | €456,149 | -€47,716 | -9.5% |
| Non-recurring operating income | 76A | €8,478 | €0 | -€8,478 | -100% |
| Operating charges | 60/66A | €18,124,199 | €22,102,959 | +€4.0m | +22.0% |
| Goods for resale, raw materials and consumables | 60 | €5,127,845 | €5,728,246 | +€600,401 | +11.7% |
| Purchases | 600/8 | €5,119,479 | €5,732,535 | +€613,056 | +12.0% |
| Change in stocks: decrease (increase) | 609 | €8,366 | -€4,289 | -€12,655 | |
| Services and other goods | 61 | €4,314,635 | €5,553,774 | +€1.2m | +28.7% |
| Remuneration, social security and pensions | 62 | €7,158,849 | €8,540,661 | +€1.4m | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589,287 | €1,176,145 | +€586,858 | +99.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €19,001 | +€19,001 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,550 | -€10,550 | -€21,100 | |
| Other operating charges | 640/8 | €909,306 | €1,081,525 | +€172,219 | +18.9% |
| Non-recurring operating charges | 66A | €13,727 | €14,157 | +€430 | +3.1% |
| Operating profit (loss) | 9901 | €352,297 | -€10,687 | -€362,984 | |
| Financial income | 75/76B | €15,258 | €15,770 | +€512 | +3.4% |
| Recurring financial income | 75 | €15,258 | €15,770 | +€512 | +3.4% |
| Other financial income | 752/9 | €15,258 | €15,770 | +€512 | +3.4% |
| Financial charges | 65/66B | €253,621 | €381,330 | +€127,709 | +50.4% |
| Recurring financial charges | 65 | €253,621 | €381,330 | +€127,709 | +50.4% |
| Debt charges | 650 | €253,621 | €381,330 | +€127,709 | +50.4% |
| Other financial charges | 652/9 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €113,934 | -€376,247 | -€490,181 | |
| Income taxes | 67/77 | €2,980 | €4,485 | +€1,505 | +50.5% |
| Taxes | 670/3 | €2,980 | €4,485 | +€1,505 | +50.5% |
| Profit (loss) for the period | 9904 | €110,954 | -€380,732 | -€491,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,954 | -€380,732 | -€491,686 |
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 24 October 2026 via checked.be.