Sud-Réa: 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-Réa
Largest movements
- Deferred charges and accrued income +€21,681
up €21,681 (+318%), from €6,815 to €28,497
- Tangible fixed assets -€18,666
down €18,666 (-28.7%), from €65,085 to €46,419
of which Furniture and vehicles: -€18,446
- Intangible fixed assets -€10,285
down €10,285 (-20.7%), from €49,711 to €39,426
- Receivables within one year +€8,298
up €8,298 (+21.3%), from €38,920 to €47,218
- Cash -€5,379
down €5,379 (-6.7%), from €80,247 to €74,868
mainly Deferred charges and accrued income (-€21,681) and Tax, wage and social debts (-€17,337)
- Reserves +€23,608
up €23,608 (+10.4%), from €226,014 to €249,622
- Tax, wage and social debts -€17,337
down €17,337 (-81.0%), from €21,393 to €4,056
of which Taxes: -€17,893
- Debts after one year -€10,683
down €10,683 (-74.8%), from €14,278 to €3,595
- Gross operating margin +€30,547
up €30,547 (+20.8%), from €147,088 to €177,635
- Financial charges +€29,168
up €29,168 (+38.5%), from €75,825 to €104,993
- Other operating charges +€6,496
up €6,496 (+1,590%), from €408 to €6,904
- Financial income -€3,906
down €3,906 (-59.1%), from €6,607 to €2,701
- Taxes -€3,226
down €3,226 (-17.8%), from €18,138 to €14,912
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 | €287,014 | €282,217 | -€4,797 | -1.7% |
| Fixed assets | 21/28 | €114,796 | €85,845 | -€28,951 | -25.2% |
| Intangible fixed assets | 21 | €49,711 | €39,426 | -€10,285 | -20.7% |
| Tangible fixed assets | 22/27 | €65,085 | €46,419 | -€18,666 | -28.7% |
| Furniture and vehicles | 24 | €63,725 | €45,279 | -€18,446 | -28.9% |
| Other tangible fixed assets | 26 | €1,360 | €1,140 | -€220 | -16.2% |
| Current assets | 29/58 | €172,218 | €196,372 | +€24,154 | +14.0% |
| Amounts receivable within one year | 40/41 | €38,920 | €47,218 | +€8,298 | +21.3% |
| Other amounts receivable | 41 | €38,920 | €47,218 | +€8,298 | +21.3% |
| Current investments | 50/53 | €46,236 | €45,789 | -€447 | -1.0% |
| Cash at bank and in hand | 54/58 | €80,247 | €74,868 | -€5,379 | -6.7% |
| Deferred charges and accrued income | 490/1 | €6,815 | €28,497 | +€21,681 | +318% |
| Total equity and liabilities | 10/49 | €287,014 | €282,217 | -€4,797 | -1.7% |
| Equity | 10/15 | €231,014 | €254,622 | +€23,608 | +10.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €226,014 | €249,622 | +€23,608 | +10.4% |
| Non-distributable reserves | 130/1 | €226,014 | €249,622 | +€23,608 | +10.4% |
| Reserves not available under the articles | 1311 | €226,014 | €249,622 | +€23,608 | +10.4% |
| Amounts payable | 17/49 | €56,000 | €27,595 | -€28,405 | -50.7% |
| Amounts payable after more than one year | 17 | €14,278 | €3,595 | -€10,683 | -74.8% |
| Financial debts | 170/4 | €14,278 | €3,595 | -€10,683 | -74.8% |
| Amounts payable within one year | 42/48 | €41,722 | €24,000 | -€17,722 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €10,530 | €10,683 | +€153 | +1.4% |
| Trade debts | 44 | €8,999 | €9,261 | +€262 | +2.9% |
| Suppliers | 440/4 | €8,999 | €9,261 | +€262 | +2.9% |
| Taxes, remuneration and social security | 45 | €21,393 | €4,056 | -€17,337 | -81.0% |
| Taxes | 450/3 | €17,893 | - | -€17,893 | |
| Remuneration and social security | 454/9 | €3,500 | €4,056 | +€556 | +15.9% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,034 | €29,920 | -€1,114 | -3.6% |
| Other operating charges | 640/8 | €408 | €6,904 | +€6,496 | +1,590% |
| Gross operating margin | 9900 | €147,088 | €177,635 | +€30,547 | +20.8% |
| Operating profit (loss) | 9901 | €115,646 | €140,811 | +€25,165 | +21.8% |
| Financial income | 75/76B | €6,607 | €2,701 | -€3,906 | -59.1% |
| Recurring financial income | 75 | €6,607 | €2,701 | -€3,906 | -59.1% |
| Financial charges | 65/66B | €75,825 | €104,993 | +€29,168 | +38.5% |
| Recurring financial charges | 65 | €75,825 | €104,993 | +€29,168 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €46,429 | €38,520 | -€7,909 | -17.0% |
| Income taxes | 67/77 | €18,138 | €14,912 | -€3,226 | -17.8% |
| Profit (loss) for the period | 9904 | €28,291 | €23,608 | -€4,683 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,291 | €23,608 | -€4,683 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.