SUERTE 2020: what changed
SUERTE 2020
Largest movements
- Stocks and contracts +€388,298
up €388,298 (+49.9%), from €777,814 to €1.2m
- Deferred charges and accrued income +€52,966
up €52,966 (+246%), from €21,500 to €74,466
- Cash -€24,807
down €24,807 (-97.4%), from €25,468 to €661
mainly Stocks and contracts (-€388,298) and Deferred charges and accrued income (-€52,966)
- Tangible fixed assets +€16,024
up €16,024 (+842%), from €1,904 to €17,928
of which Furniture and vehicles: +€14,514
- Other debts +€155,416
up €155,416 (+39.4%), from €394,495 to €549,911
- Current portion of long-term debt +€140,000
up €140,000 (+62.2%), from €225,000 to €365,000
- Profit (loss) carried forward +€82,937
up €82,937 (+48.3%), from €171,676 to €254,613
- Trade debts +€26,593
up €26,593 (+585%), from €4,547 to €31,140
- Tax, wage and social debts +€16,915
up €16,915 (+46.2%), from €36,588 to €53,503
of which Remuneration and social security: +€25,412
- Financial charges -€7,142
down €7,142 (-58.2%), from €12,273 to €5,131
- Gross operating margin +€3,281
up €3,281 (+2.9%), from €114,100 to €117,381
- Depreciation +€2,983
up €2,983 (+575%), from €518 to €3,501
- Taxes +€2,524
up €2,524 (+11.4%), from €22,154 to €24,678
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,306 | €1,259,167 | +€421,861 | +50.4% |
| Fixed assets | 21/28 | €1,904 | €17,928 | +€16,024 | +842% |
| Tangible fixed assets | 22/27 | €1,904 | €17,928 | +€16,024 | +842% |
| Plant, machinery and equipment | 23 | - | €1,511 | +€1,511 | |
| Furniture and vehicles | 24 | €1,904 | €16,417 | +€14,514 | +762% |
| Current assets | 29/58 | €835,402 | €1,241,239 | +€405,837 | +48.6% |
| Stocks and contracts in progress | 3 | €777,814 | €1,166,112 | +€388,298 | +49.9% |
| Stocks | 30/36 | €777,814 | €1,166,112 | +€388,298 | +49.9% |
| Amounts receivable within one year | 40/41 | €10,620 | - | -€10,620 | |
| Trade receivables | 40 | €10,620 | - | -€10,620 | |
| Cash at bank and in hand | 54/58 | €25,468 | €661 | -€24,807 | -97.4% |
| Deferred charges and accrued income | 490/1 | €21,500 | €74,466 | +€52,966 | +246% |
| Total equity and liabilities | 10/49 | €837,306 | €1,259,167 | +€421,861 | +50.4% |
| Equity | 10/15 | €176,676 | €259,613 | +€82,937 | +46.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,676 | €254,613 | +€82,937 | +48.3% |
| Amounts payable | 17/49 | €660,630 | €999,554 | +€338,924 | +51.3% |
| Amounts payable within one year | 42/48 | €660,630 | €999,554 | +€338,924 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €225,000 | €365,000 | +€140,000 | +62.2% |
| Trade debts | 44 | €4,547 | €31,140 | +€26,593 | +585% |
| Suppliers | 440/4 | €4,547 | €31,140 | +€26,593 | +585% |
| Taxes, remuneration and social security | 45 | €36,588 | €53,503 | +€16,915 | +46.2% |
| Taxes | 450/3 | €36,588 | €28,092 | -€8,496 | -23.2% |
| Remuneration and social security | 454/9 | - | €25,412 | +€25,412 | |
| Other amounts payable | 47/48 | €394,495 | €549,911 | +€155,416 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €3,501 | +€2,983 | +575% |
| Other operating charges | 640/8 | €778 | €1,133 | +€356 | +45.8% |
| Gross operating margin | 9900 | €114,100 | €117,381 | +€3,281 | +2.9% |
| Operating profit (loss) | 9901 | €112,804 | €112,747 | -€58 | -0.1% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €12,273 | €5,131 | -€7,142 | -58.2% |
| Recurring financial charges | 65 | €12,273 | €5,131 | -€7,142 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €100,551 | €107,615 | +€7,065 | +7.0% |
| Income taxes | 67/77 | €22,154 | €24,678 | +€2,524 | +11.4% |
| Profit (loss) for the period | 9904 | €78,396 | €82,937 | +€4,541 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,396 | €82,937 | +€4,541 | +5.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.