SUD SUD: 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 SUD
Largest movements
- Cash +€18,912
up €18,912 (+41.2%), from €45,862 to €64,773
mainly Net result for the year (+€10,266) and Depreciation (+€7,163)
- Tangible fixed assets -€7,163
down €7,163 (-37.8%), from €18,973 to €11,810
of which Furniture and vehicles: -€6,782
- Stocks and contracts -€5,000
down €5,000 (-3.2%), from €156,617 to €151,617
- Receivables within one year +€2,937
up €2,937 (+6.1%), from €48,151 to €51,088
of which Trade receivables: +€1,508
- Trade debts +€5,491
up €5,491 (+11.0%), from €50,062 to €55,553
- Profit (loss) carried forward +€4,266
up €4,266 (+10.7%), from €40,050 to €44,315
- Gross operating margin -€20,037
down €20,037 (-40.7%), from €49,176 to €29,139
- Taxes -€4,388
down €4,388 (-55.1%), from €7,959 to €3,571
- Financial charges +€2,926
up €2,926 (+108%), from €2,697 to €5,623
- Depreciation +€695
up €695 (+10.7%), from €6,468 to €7,163
- Financial income +€554
up €554 (+1,357%), from €41 to €595
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 | €269,708 | €279,393 | +€9,686 | +3.6% |
| Fixed assets | 21/28 | €19,079 | €11,916 | -€7,163 | -37.5% |
| Tangible fixed assets | 22/27 | €18,973 | €11,810 | -€7,163 | -37.8% |
| Furniture and vehicles | 24 | €15,994 | €9,211 | -€6,782 | -42.4% |
| Other tangible fixed assets | 26 | €2,979 | €2,599 | -€380 | -12.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €250,629 | €267,477 | +€16,848 | +6.7% |
| Stocks and contracts in progress | 3 | €156,617 | €151,617 | -€5,000 | -3.2% |
| Stocks | 30/36 | €156,617 | €151,617 | -€5,000 | -3.2% |
| Amounts receivable within one year | 40/41 | €48,151 | €51,088 | +€2,937 | +6.1% |
| Trade receivables | 40 | €48,151 | €49,658 | +€1,508 | +3.1% |
| Other amounts receivable | 41 | - | €1,429 | +€1,429 | |
| Cash at bank and in hand | 54/58 | €45,862 | €64,773 | +€18,912 | +41.2% |
| Total equity and liabilities | 10/49 | €269,708 | €279,393 | +€9,686 | +3.6% |
| Equity | 10/15 | €175,110 | €179,375 | +€4,266 | +2.4% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Contributions outside capital | 11 | €13,700 | €13,700 | = | 0.0% |
| Share premium | 1100/10 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €121,360 | €121,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €119,500 | €119,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,050 | €44,315 | +€4,266 | +10.7% |
| Amounts payable | 17/49 | €94,598 | €100,018 | +€5,420 | +5.7% |
| Amounts payable within one year | 42/48 | €94,598 | €100,018 | +€5,420 | +5.7% |
| Trade debts | 44 | €50,062 | €55,553 | +€5,491 | +11.0% |
| Suppliers | 440/4 | €50,062 | €55,553 | +€5,491 | +11.0% |
| Taxes, remuneration and social security | 45 | €7,262 | €8,581 | +€1,319 | +18.2% |
| Taxes | 450/3 | €7,262 | €8,581 | +€1,319 | +18.2% |
| Other amounts payable | 47/48 | €37,274 | €35,883 | -€1,391 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,468 | €7,163 | +€695 | +10.7% |
| Other operating charges | 640/8 | €2,879 | €3,111 | +€232 | +8.1% |
| Gross operating margin | 9900 | €49,176 | €29,139 | -€20,037 | -40.7% |
| Operating profit (loss) | 9901 | €39,829 | €18,865 | -€20,965 | -52.6% |
| Financial income | 75/76B | €41 | €595 | +€554 | +1,357% |
| Recurring financial income | 75 | €41 | €595 | +€554 | +1,357% |
| Financial charges | 65/66B | €2,697 | €5,623 | +€2,926 | +108% |
| Recurring financial charges | 65 | €2,697 | €5,623 | +€2,926 | +108% |
| Profit (loss) for the period before taxes | 9903 | €37,173 | €13,837 | -€23,336 | -62.8% |
| Income taxes | 67/77 | €7,959 | €3,571 | -€4,388 | -55.1% |
| Profit (loss) for the period | 9904 | €29,214 | €10,266 | -€18,948 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,214 | €10,266 | -€18,948 | -64.9% |
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 25 October 2026 via checked.be.