SUE & SUE: 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.
SUE & SUE
Largest movements
- Receivables within one year +€239,166
up €239,166 (+362%), from €66,124 to €305,290
of which Other amounts receivable: +€213,065
- Cash +€166,703
up €166,703 (+186%), from €89,822 to €256,525
mainly Trade debts (+€194,469) and Net result for the year (+€154,575)
- Trade debts +€194,469
up €194,469 (+204%), from €95,392 to €289,861
- Reserves +€153,775
up €153,775 (+94.3%), from €163,087 to €316,862
- Short-term financial debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€18,334
up €18,334 (+29.8%), from €61,495 to €79,828
of which Taxes: +€18,979
- Gross operating margin +€217,896
up €217,896 (+38.5%), from €566,100 to €783,996
- Taxes +€68,963
up €68,963 (+1,718%), from €4,013 to €72,976
- Depreciation +€12,085
up €12,085 (+34.6%), from €34,887 to €46,972
- Other operating charges -€12,035
down €12,035 (-39.6%), from €30,403 to €18,368
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 | €339,982 | €757,120 | +€417,137 | +123% |
| Fixed assets | 21/28 | €166,393 | €173,813 | +€7,420 | +4.5% |
| Tangible fixed assets | 22/27 | €159,912 | €161,782 | +€1,870 | +1.2% |
| Land and buildings | 22 | €103,797 | €91,755 | -€12,042 | -11.6% |
| Plant, machinery and equipment | 23 | €51,438 | €36,724 | -€14,714 | -28.6% |
| Furniture and vehicles | 24 | €4,677 | €33,303 | +€28,626 | +612% |
| Financial fixed assets | 28 | €6,481 | €12,031 | +€5,550 | +85.6% |
| Current assets | 29/58 | €173,589 | €583,306 | +€409,718 | +236% |
| Stocks and contracts in progress | 3 | €17,115 | €17,115 | = | 0.0% |
| Stocks | 30/36 | €17,115 | €17,115 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,124 | €305,290 | +€239,166 | +362% |
| Trade receivables | 40 | €18,518 | €44,619 | +€26,100 | +141% |
| Other amounts receivable | 41 | €47,606 | €260,671 | +€213,065 | +448% |
| Cash at bank and in hand | 54/58 | €89,822 | €256,525 | +€166,703 | +186% |
| Deferred charges and accrued income | 490/1 | €528 | €4,377 | +€3,849 | +729% |
| Total equity and liabilities | 10/49 | €339,982 | €757,120 | +€417,137 | +123% |
| Equity | 10/15 | €182,535 | €336,310 | +€153,775 | +84.2% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Capital | 10 | €18,200 | €18,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €163,087 | €316,862 | +€153,775 | +94.3% |
| Distributable reserves | 133 | €163,087 | €316,862 | +€153,775 | +94.3% |
| Profit (loss) carried forward | 14 | €1,248 | €1,248 | = | 0.0% |
| Amounts payable | 17/49 | €157,447 | €420,810 | +€263,363 | +167% |
| Amounts payable within one year | 42/48 | €157,447 | €420,810 | +€263,363 | +167% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €95,392 | €289,861 | +€194,469 | +204% |
| Suppliers | 440/4 | €95,392 | €289,861 | +€194,469 | +204% |
| Taxes, remuneration and social security | 45 | €61,495 | €79,828 | +€18,334 | +29.8% |
| Taxes | 450/3 | €51,066 | €70,045 | +€18,979 | +37.2% |
| Remuneration and social security | 454/9 | €10,429 | €9,783 | -€646 | -6.2% |
| Other amounts payable | 47/48 | €560 | €1,120 | +€560 | +100% |
| Remuneration, social security and pensions | 62 | €479,608 | €482,062 | +€2,454 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,887 | €46,972 | +€12,085 | +34.6% |
| Other operating charges | 640/8 | €30,403 | €18,368 | -€12,035 | -39.6% |
| Gross operating margin | 9900 | €566,100 | €783,996 | +€217,896 | +38.5% |
| Operating profit (loss) | 9901 | €21,202 | €236,594 | +€215,391 | +1,016% |
| Financial income | 75/76B | - | €531 | +€531 | |
| Recurring financial income | 75 | - | €531 | +€531 | |
| Financial charges | 65/66B | €15,357 | €9,574 | -€5,783 | -37.7% |
| Recurring financial charges | 65 | €15,357 | €9,574 | -€5,783 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €5,845 | €227,551 | +€221,706 | +3,793% |
| Income taxes | 67/77 | €4,013 | €72,976 | +€68,963 | +1,718% |
| Profit (loss) for the period | 9904 | €1,832 | €154,575 | +€152,742 | +8,336% |
| Profit (loss) for the period to be appropriated | 9905 | €1,832 | €154,575 | +€152,742 | +8,336% |
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 27 October 2026 via checked.be.