SUENAERT ERIC: 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.
SUENAERT ERIC
Largest movements
- Stocks and contracts +€171,478
up €171,478 (+922%), from €18,607 to €190,086
- Receivables within one year -€140,163
down €140,163 (-42.0%), from €333,796 to €193,633
of which Trade receivables: -€169,915
- Tangible fixed assets -€79,815
down €79,815 (-7.2%), from €1.1m to €1.0m
of which Leasing and similar rights: -€96,000
- Debts after one year -€136,928
down €136,928 (-18.3%), from €746,918 to €609,989
- Reserves +€90,213
up €90,213 (+16.2%), from €555,233 to €645,445
of which Distributable reserves: +€65,599
- Trade debts -€27,956
down €27,956 (-29.3%), from €95,433 to €67,477
- Tax, wage and social debts +€22,260
up €22,260 (+86.2%), from €25,824 to €48,084
of which Taxes: +€23,079
- Gross operating margin +€22,167
up €22,167 (+8.1%), from €273,390 to €295,557
- Other operating charges -€17,717
down €17,717 (-70.2%), from €25,235 to €7,518
- Staff costs -€11,741
down €11,741 (-71.1%), from €16,522 to €4,781
- Taxes +€11,422
up €11,422 (+75.4%), from €15,155 to €26,577
- Financial charges +€4,386
up €4,386 (+15.9%), from €27,647 to €32,033
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 | €1,630,977 | €1,593,600 | -€37,378 | -2.3% |
| Fixed assets | 21/28 | €1,102,675 | €1,022,860 | -€79,815 | -7.2% |
| Tangible fixed assets | 22/27 | €1,101,355 | €1,021,540 | -€79,815 | -7.2% |
| Land and buildings | 22 | €637,570 | €614,980 | -€22,590 | -3.5% |
| Plant, machinery and equipment | 23 | €13,971 | €28,904 | +€14,933 | +107% |
| Furniture and vehicles | 24 | €7,349 | €25,039 | +€17,690 | +241% |
| Leasing and similar rights | 25 | €430,164 | €334,164 | -€96,000 | -22.3% |
| Other tangible fixed assets | 26 | €12,302 | €18,454 | +€6,152 | +50.0% |
| Financial fixed assets | 28 | €1,320 | €1,320 | = | 0.0% |
| Current assets | 29/58 | €528,302 | €570,739 | +€42,437 | +8.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €18,607 | €190,086 | +€171,478 | +922% |
| Stocks | 30/36 | €18,607 | €190,086 | +€171,478 | +922% |
| Amounts receivable within one year | 40/41 | €333,796 | €193,633 | -€140,163 | -42.0% |
| Trade receivables | 40 | €268,102 | €98,186 | -€169,915 | -63.4% |
| Other amounts receivable | 41 | €65,695 | €95,447 | +€29,752 | +45.3% |
| Cash at bank and in hand | 54/58 | €68,839 | €84,020 | +€15,181 | +22.1% |
| Deferred charges and accrued income | 490/1 | €7,059 | €3,000 | -€4,059 | -57.5% |
| Total equity and liabilities | 10/49 | €1,630,977 | €1,593,600 | -€37,378 | -2.3% |
| Equity | 10/15 | €607,233 | €697,445 | +€90,213 | +14.9% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €555,233 | €645,445 | +€90,213 | +16.2% |
| Non-distributable reserves | 130/1 | €5,200 | €5,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,200 | €5,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,210 | €82,824 | +€24,613 | +42.3% |
| Distributable reserves | 133 | €491,822 | €557,422 | +€65,599 | +13.3% |
| Provisions and deferred taxes | 16 | €8,847 | €20,000 | +€11,153 | +126% |
| Deferred taxes | 168 | €8,847 | €20,000 | +€11,153 | +126% |
| Amounts payable | 17/49 | €1,014,898 | €876,154 | -€138,744 | -13.7% |
| Amounts payable after more than one year | 17 | €746,918 | €609,989 | -€136,928 | -18.3% |
| Financial debts | 170/4 | €746,918 | €609,989 | -€136,928 | -18.3% |
| Amounts payable within one year | 42/48 | €238,804 | €236,989 | -€1,815 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €117,547 | €121,428 | +€3,881 | +3.3% |
| Trade debts | 44 | €95,433 | €67,477 | -€27,956 | -29.3% |
| Suppliers | 440/4 | €95,433 | €67,477 | -€27,956 | -29.3% |
| Taxes, remuneration and social security | 45 | €25,824 | €48,084 | +€22,260 | +86.2% |
| Taxes | 450/3 | €24,645 | €47,724 | +€23,079 | +93.6% |
| Remuneration and social security | 454/9 | €1,179 | €360 | -€819 | -69.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €29,176 | €29,176 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,522 | €4,781 | -€11,741 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,150 | €130,608 | -€1,542 | -1.2% |
| Other operating charges | 640/8 | €25,235 | €7,518 | -€17,717 | -70.2% |
| Gross operating margin | 9900 | €273,390 | €295,557 | +€22,167 | +8.1% |
| Operating profit (loss) | 9901 | €99,483 | €152,650 | +€53,167 | +53.4% |
| Financial income | 75/76B | €6,509 | €7,326 | +€817 | +12.5% |
| Recurring financial income | 75 | €6,509 | €7,326 | +€817 | +12.5% |
| Financial charges | 65/66B | €27,647 | €32,033 | +€4,386 | +15.9% |
| Recurring financial charges | 65 | €27,647 | €32,033 | +€4,386 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €78,345 | €127,943 | +€49,598 | +63.3% |
| Transfer from deferred taxes | 780 | €3,084 | €8,847 | +€5,762 | +187% |
| Transfer to deferred taxes | 680 | - | €20,000 | +€20,000 | |
| Income taxes | 67/77 | €15,155 | €26,577 | +€11,422 | +75.4% |
| Profit (loss) for the period | 9904 | €66,274 | €90,213 | +€23,939 | +36.1% |
| Transfer from tax-exempt reserves | 789 | €12,338 | €35,387 | +€23,049 | +187% |
| Transfer to tax-exempt reserves | 689 | - | €60,000 | +€60,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,612 | €65,599 | -€13,012 | -16.6% |
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 16 October 2026 via checked.be.