SUERE: 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.
SUERE
Largest movements
- Cash +€67,106
up €67,106 (+104.3%), from €64,313 to €131,419
mainly Current investments (+€40,000) and Receivables within one year (+€7,605)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year -€7,605
down €7,605 (-57.0%), from €13,333 to €5,728
of which Trade receivables: -€7,610
- Tangible fixed assets -€5,478
down €5,478 (-53.2%), from €10,300 to €4,822
of which Plant, machinery and equipment: -€3,882
- Tax, wage and social debts +€4,856
up €4,856 (+699.7%), from €694 to €5,550
of which Taxes: +€2,665
- Other debts +€4,583
up €4,583 (+52.7%), from €8,692 to €13,275
- Reserves +€4,571
up €4,571 (+5.4%), from €84,878 to €89,449
- Gross operating margin -€41,142
down €41,142 (-76.8%), from €53,545 to €12,403
- Taxes -€12,706
down €12,706 (-82.1%), from €15,476 to €2,770
- Staff costs -€2,424
no longer reported in 2025 (was €2,424)
- Financial income +€1,004
up €1,004 (+81.9%), from €1,226 to €2,231
- Financial charges +€779
up €779 (+1675.7%), from €46 to €826
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 | €187,034 | €199,572 | +€12,538 | +6.7% |
| Fixed assets | 21/28 | €10,817 | €5,339 | -€5,478 | -50.6% |
| Tangible fixed assets | 22/27 | €10,300 | €4,822 | -€5,478 | -53.2% |
| Land and buildings | 22 | €2,518 | €1,668 | -€850 | -33.8% |
| Plant, machinery and equipment | 23 | €6,900 | €3,019 | -€3,882 | -56.3% |
| Furniture and vehicles | 24 | €882 | €136 | -€746 | -84.6% |
| Financial fixed assets | 28 | €517 | €517 | = | 0.0% |
| Current assets | 29/58 | €176,217 | €194,233 | +€18,016 | +10.2% |
| Amounts receivable after more than one year | 29 | €53,033 | €53,564 | +€530 | +1.0% |
| Other amounts receivable | 291 | €53,033 | €53,564 | +€530 | +1.0% |
| Stocks and contracts in progress | 3 | €5,322 | €3,522 | -€1,800 | -33.8% |
| Stocks | 30/36 | €5,322 | €3,522 | -€1,800 | -33.8% |
| Amounts receivable within one year | 40/41 | €13,333 | €5,728 | -€7,605 | -57.0% |
| Trade receivables | 40 | €13,298 | €5,688 | -€7,610 | -57.2% |
| Other amounts receivable | 41 | €35 | €40 | +€5 | +13.9% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €64,313 | €131,419 | +€67,106 | +104.3% |
| Deferred charges and accrued income | 490/1 | €216 | - | -€216 | |
| Total equity and liabilities | 10/49 | €187,034 | €199,572 | +€12,538 | +6.7% |
| Equity | 10/15 | €176,087 | €178,940 | +€2,853 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,878 | €89,449 | +€4,571 | +5.4% |
| Distributable reserves | 133 | €84,878 | €89,449 | +€4,571 | +5.4% |
| Profit (loss) carried forward | 14 | €72,609 | €70,891 | -€1,718 | -2.4% |
| Amounts payable | 17/49 | €10,947 | €20,631 | +€9,684 | +88.5% |
| Amounts payable within one year | 42/48 | €10,947 | €20,087 | +€9,140 | +83.5% |
| Trade debts | 44 | €1,561 | €1,262 | -€299 | -19.1% |
| Suppliers | 440/4 | €1,561 | €1,262 | -€299 | -19.1% |
| Taxes, remuneration and social security | 45 | €694 | €5,550 | +€4,856 | +699.7% |
| Taxes | 450/3 | €694 | €3,359 | +€2,665 | +384.1% |
| Remuneration and social security | 454/9 | - | €2,191 | +€2,191 | |
| Other amounts payable | 47/48 | €8,692 | €13,275 | +€4,583 | +52.7% |
| Accrued charges and deferred income | 492/3 | - | €544 | +€544 | |
| Remuneration, social security and pensions | 62 | €2,424 | - | -€2,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,477 | €5,478 | +€2 | 0.0% |
| Other operating charges | 640/8 | €886 | €988 | +€102 | +11.5% |
| Gross operating margin | 9900 | €53,545 | €12,403 | -€41,142 | -76.8% |
| Operating profit (loss) | 9901 | €44,758 | €5,937 | -€38,821 | -86.7% |
| Financial income | 75/76B | €1,226 | €2,231 | +€1,004 | +81.9% |
| Recurring financial income | 75 | €1,226 | €2,231 | +€1,004 | +81.9% |
| Financial charges | 65/66B | €46 | €826 | +€779 | +1675.7% |
| Recurring financial charges | 65 | €46 | €826 | +€779 | +1675.7% |
| Profit (loss) for the period before taxes | 9903 | €45,938 | €7,342 | -€38,596 | -84.0% |
| Income taxes | 67/77 | €15,476 | €2,770 | -€12,706 | -82.1% |
| Profit (loss) for the period | 9904 | €30,461 | €4,571 | -€25,890 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,461 | €4,571 | -€25,890 | -85.0% |
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 10 October 2026 via checked.be.