SUDE: 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.
SUDE
Largest movements
- Receivables within one year -€57,219
down €57,219 (-90.4%), from €63,264 to €6,045
of which Trade receivables: -€44,235
- Cash +€36,134
up €36,134 (+685.5%), from €5,271 to €41,405
mainly Debts after one year (+€79,387) and Receivables within one year (+€57,219)
- Tangible fixed assets -€24,177
down €24,177 (-4.2%), from €569,736 to €545,559
of which Land and buildings: -€22,948
- Reserves -€95,597
down €95,597 (-32.6%), from €293,233 to €197,636
of which Distributable reserves: -€95,597
- Debts after one year +€79,387
up €79,387 (+25.0%), from €317,754 to €397,141
of which Other amounts payable: +€95,000
- Other debts -€13,443
down €13,443 (-34.2%), from €39,253 to €25,810
- Tax, wage and social debts -€13,237
down €13,237 (-98.6%), from €13,423 to €186
- Gross operating margin -€196,504
down €196,504, from €140,591 to -€55,913
- Taxes -€22,390
down €22,390 (-99.2%), from €22,564 to €174
- Depreciation -€18,024
down €18,024 (-42.7%), from €42,201 to €24,177
- Other operating charges -€2,766
down €2,766 (-46.3%), from €5,979 to €3,213
- Financial charges -€2,326
down €2,326 (-15.3%), from €15,169 to €12,843
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 | €760,491 | €715,780 | -€44,711 | -5.9% |
| Fixed assets | 21/28 | €690,556 | €666,379 | -€24,177 | -3.5% |
| Tangible fixed assets | 22/27 | €569,736 | €545,559 | -€24,177 | -4.2% |
| Land and buildings | 22 | €568,205 | €545,257 | -€22,948 | -4.0% |
| Furniture and vehicles | 24 | €443 | €85 | -€358 | -80.7% |
| Other tangible fixed assets | 26 | €1,088 | €218 | -€870 | -80.0% |
| Financial fixed assets | 28 | €120,820 | €120,820 | = | 0.0% |
| Current assets | 29/58 | €69,935 | €49,400 | -€20,534 | -29.4% |
| Amounts receivable within one year | 40/41 | €63,264 | €6,045 | -€57,219 | -90.4% |
| Trade receivables | 40 | €47,976 | €3,741 | -€44,235 | -92.2% |
| Other amounts receivable | 41 | €15,288 | €2,303 | -€12,984 | -84.9% |
| Cash at bank and in hand | 54/58 | €5,271 | €41,405 | +€36,134 | +685.5% |
| Deferred charges and accrued income | 490/1 | €1,400 | €1,951 | +€551 | +39.4% |
| Total equity and liabilities | 10/49 | €760,491 | €715,780 | -€44,711 | -5.9% |
| Equity | 10/15 | €367,601 | €272,004 | -€95,597 | -26.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €293,233 | €197,636 | -€95,597 | -32.6% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €273,397 | €177,799 | -€95,597 | -35.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €392,889 | €443,776 | +€50,886 | +13.0% |
| Amounts payable after more than one year | 17 | €317,754 | €397,141 | +€79,387 | +25.0% |
| Financial debts | 170/4 | €147,754 | €132,141 | -€15,613 | -10.6% |
| Other amounts payable | 178/9 | €170,000 | €265,000 | +€95,000 | +55.9% |
| Amounts payable within one year | 42/48 | €74,503 | €45,210 | -€29,294 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €14,666 | €15,585 | +€918 | +6.3% |
| Trade debts | 44 | €7,162 | €3,629 | -€3,533 | -49.3% |
| Suppliers | 440/4 | €7,162 | €3,629 | -€3,533 | -49.3% |
| Taxes, remuneration and social security | 45 | €13,423 | €186 | -€13,237 | -98.6% |
| Taxes | 450/3 | €13,423 | €186 | -€13,237 | -98.6% |
| Other amounts payable | 47/48 | €39,253 | €25,810 | -€13,443 | -34.2% |
| Accrued charges and deferred income | 492/3 | €632 | €1,425 | +€794 | +125.7% |
| Non-recurring operating income | 76A | €180,289 | €0 | -€180,289 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,201 | €24,177 | -€18,024 | -42.7% |
| Other operating charges | 640/8 | €5,979 | €3,213 | -€2,766 | -46.3% |
| Gross operating margin | 9900 | €140,591 | -€55,913 | -€196,504 | |
| Operating profit (loss) | 9901 | €92,411 | -€83,303 | -€175,714 | |
| Financial income | 75/76B | €847 | €722 | -€125 | -14.7% |
| Recurring financial income | 75 | €847 | €722 | -€125 | -14.7% |
| Financial charges | 65/66B | €15,169 | €12,843 | -€2,326 | -15.3% |
| Recurring financial charges | 65 | €15,169 | €12,843 | -€2,326 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €78,089 | -€95,424 | -€173,513 | |
| Income taxes | 67/77 | €22,564 | €174 | -€22,390 | -99.2% |
| Profit (loss) for the period | 9904 | €55,525 | -€95,597 | -€151,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,525 | -€95,597 | -€151,122 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.