SUEUR - MOIROUD: 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.
SUEUR - MOIROUD
Largest movements
- Current investments -€418,095
down €418,095 (-82.6%), from €506,048 to €87,953
- Receivables within one year +€97,796
up €97,796 (+155%), from €63,290 to €161,086
- Tangible fixed assets -€60,371
down €60,371 (-7.0%), from €859,754 to €799,383
of which Other tangible fixed assets: -€36,195
- Deferred charges and accrued income -€43,966
down €43,966 (-67.7%), from €64,954 to €20,988
- Cash -€38,930
down €38,930 (-12.5%), from €311,024 to €272,094
mainly Contributions, distributions and other (-€589,000) and Other debts (-€142,906)
- Reserves -€344,100
down €344,100 (-22.0%), from €1.6m to €1.2m
- Other debts -€142,906
no longer reported in 2025 (was €142,906)
- Provisions +€79,436
new in 2025: €79,436
- Current portion of long-term debt -€40,715
no longer reported in 2025 (was €40,715)
- Provisions +€79,436
new in 2025: €79,436
- Gross operating margin +€29,135
up €29,135 (+5.5%), from €529,673 to €558,808
- Financial charges +€16,345
up €16,345 (+766%), from €2,133 to €18,478
- Financial income -€11,856
down €11,856 (-41.8%), from €28,340 to €16,484
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 | €1,805,069 | €1,341,504 | -€463,565 | -25.7% |
| Fixed assets | 21/28 | €859,754 | €799,383 | -€60,371 | -7.0% |
| Tangible fixed assets | 22/27 | €859,754 | €799,383 | -€60,371 | -7.0% |
| Land and buildings | 22 | €624,747 | €600,486 | -€24,261 | -3.9% |
| Plant, machinery and equipment | 23 | €16,520 | €23,226 | +€6,706 | +40.6% |
| Furniture and vehicles | 24 | €31,479 | €24,857 | -€6,622 | -21.0% |
| Other tangible fixed assets | 26 | €187,008 | €150,813 | -€36,195 | -19.4% |
| Current assets | 29/58 | €945,315 | €542,121 | -€403,194 | -42.7% |
| Amounts receivable within one year | 40/41 | €63,290 | €161,086 | +€97,796 | +155% |
| Other amounts receivable | 41 | €63,290 | €161,086 | +€97,796 | +155% |
| Current investments | 50/53 | €506,048 | €87,953 | -€418,095 | -82.6% |
| Cash at bank and in hand | 54/58 | €311,024 | €272,094 | -€38,930 | -12.5% |
| Deferred charges and accrued income | 490/1 | €64,954 | €20,988 | -€43,966 | -67.7% |
| Total equity and liabilities | 10/49 | €1,805,069 | €1,341,504 | -€463,565 | -25.7% |
| Equity | 10/15 | €1,586,968 | €1,242,905 | -€344,064 | -21.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,565,000 | €1,220,900 | -€344,100 | -22.0% |
| Distributable reserves | 133 | €1,565,000 | €1,220,900 | -€344,100 | -22.0% |
| Profit (loss) carried forward | 14 | €3,218 | €3,255 | +€36 | +1.1% |
| Provisions and deferred taxes | 16 | - | €79,436 | +€79,436 | |
| Provisions for liabilities and charges | 160/5 | - | €79,436 | +€79,436 | |
| Other liabilities and charges | 164/5 | - | €79,436 | +€79,436 | |
| Amounts payable | 17/49 | €218,101 | €19,163 | -€198,937 | -91.2% |
| Amounts payable within one year | 42/48 | €218,101 | €19,163 | -€198,937 | -91.2% |
| Current portion of amounts payable after more than one year | 42 | €40,715 | - | -€40,715 | |
| Trade debts | 44 | €14,535 | €5,163 | -€9,372 | -64.5% |
| Suppliers | 440/4 | €14,535 | €5,163 | -€9,372 | -64.5% |
| Taxes, remuneration and social security | 45 | €19,946 | €14,000 | -€5,946 | -29.8% |
| Taxes | 450/3 | €19,946 | €14,000 | -€5,946 | -29.8% |
| Other amounts payable | 47/48 | €142,906 | - | -€142,906 | |
| Non-recurring operating income | 76A | €22,251 | €2,981 | -€19,270 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,591 | €79,530 | -€3,061 | -3.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €79,436 | +€79,436 | |
| Other operating charges | 640/8 | €10,950 | €10,246 | -€704 | -6.4% |
| Gross operating margin | 9900 | €529,673 | €558,808 | +€29,135 | +5.5% |
| Operating profit (loss) | 9901 | €436,132 | €389,596 | -€46,536 | -10.7% |
| Financial income | 75/76B | €28,340 | €16,484 | -€11,856 | -41.8% |
| Recurring financial income | 75 | €28,340 | €16,484 | -€11,856 | -41.8% |
| Financial charges | 65/66B | €2,133 | €18,478 | +€16,345 | +766% |
| Recurring financial charges | 65 | €2,133 | €18,478 | +€16,345 | +766% |
| Profit (loss) for the period before taxes | 9903 | €462,340 | €387,602 | -€74,738 | -16.2% |
| Income taxes | 67/77 | €146,016 | €142,665 | -€3,351 | -2.3% |
| Profit (loss) for the period | 9904 | €316,324 | €244,936 | -€71,387 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €316,324 | €244,936 | -€71,387 | -22.6% |
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 29 October 2026 via checked.be.