SUGG: what changed
Two fiscal 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.
SUGG
Largest movements
- Cash -€148,440
down €148,440 (-89.2%), from €166,370 to €17,930
mainly Accrued charges and deferred income (-€145,521) and Receivables within one year (-€51,318)
- Receivables within one year +€51,318
up €51,318 (+249.3%), from €20,584 to €71,902
of which Trade receivables: +€58,647
- Stocks and contracts -€24,452
down €24,452 (-10.3%), from €238,227 to €213,775
- Intangible fixed assets -€5,965
down €5,965 (-23.5%), from €25,362 to €19,397
- Accrued charges and deferred income -€145,521
no longer reported in 2025 (was €145,521)
- Trade debts +€10,446
up €10,446 (+24.7%), from €42,291 to €52,737
- Staff costs +€18,876
new in 2025: €18,876
- Financial charges +€1,128
up €1,128 (+156.0%), from €723 to €1,850
- Depreciation +€587
up €587 (+4.1%), from €14,160 to €14,747
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 | €566,756 | €433,738 | -€133,018 | -23.5% |
| Formation expenses | 20 | €248 | €37 | -€211 | -85.3% |
| Fixed assets | 21/28 | €140,260 | €130,094 | -€10,166 | -7.2% |
| Intangible fixed assets | 21 | €25,362 | €19,397 | -€5,965 | -23.5% |
| Tangible fixed assets | 22/27 | €114,898 | €110,447 | -€4,452 | -3.9% |
| Plant, machinery and equipment | 23 | €8,312 | €7,221 | -€1,092 | -13.1% |
| Furniture and vehicles | 24 | €3,884 | €2,383 | -€1,501 | -38.6% |
| Other tangible fixed assets | 26 | €102,702 | €100,843 | -€1,859 | -1.8% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €426,247 | €303,607 | -€122,640 | -28.8% |
| Stocks and contracts in progress | 3 | €238,227 | €213,775 | -€24,452 | -10.3% |
| Stocks | 30/36 | €238,227 | €213,775 | -€24,452 | -10.3% |
| Amounts receivable within one year | 40/41 | €20,584 | €71,902 | +€51,318 | +249.3% |
| Trade receivables | 40 | €13,254 | €71,902 | +€58,647 | +442.5% |
| Other amounts receivable | 41 | €7,330 | - | -€7,330 | |
| Cash at bank and in hand | 54/58 | €166,370 | €17,930 | -€148,440 | -89.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | - | -€1,066 | |
| Total equity and liabilities | 10/49 | €566,756 | €433,738 | -€133,018 | -23.5% |
| Equity | 10/15 | €66,840 | €67,056 | +€215 | +0.3% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,160 | -€24,944 | +€215 | +0.9% |
| Amounts payable | 17/49 | €499,916 | €366,682 | -€133,233 | -26.7% |
| Amounts payable within one year | 42/48 | €354,394 | €366,682 | +€12,288 | +3.5% |
| Trade debts | 44 | €42,291 | €52,737 | +€10,446 | +24.7% |
| Suppliers | 440/4 | €42,291 | €52,737 | +€10,446 | +24.7% |
| Taxes, remuneration and social security | 45 | - | €1,695 | +€1,695 | |
| Taxes | 450/3 | - | €1,381 | +€1,381 | |
| Remuneration and social security | 454/9 | - | €315 | +€315 | |
| Other amounts payable | 47/48 | €312,104 | €312,250 | +€146 | 0.0% |
| Accrued charges and deferred income | 492/3 | €145,521 | - | -€145,521 | |
| Remuneration, social security and pensions | 62 | - | €18,876 | +€18,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,160 | €14,747 | +€587 | +4.1% |
| Other operating charges | 640/8 | €61 | - | -€61 | |
| Gross operating margin | 9900 | €35,335 | €35,547 | +€213 | +0.6% |
| Operating profit (loss) | 9901 | €21,113 | €1,924 | -€19,189 | -90.9% |
| Financial income | 75/76B | €311 | €142 | -€169 | -54.4% |
| Recurring financial income | 75 | €311 | €142 | -€169 | -54.4% |
| Financial charges | 65/66B | €723 | €1,850 | +€1,128 | +156.0% |
| Recurring financial charges | 65 | €723 | €1,850 | +€1,128 | +156.0% |
| Profit (loss) for the period before taxes | 9903 | €20,702 | €215 | -€20,486 | -99.0% |
| Profit (loss) for the period | 9904 | €20,702 | €215 | -€20,486 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,702 | €215 | -€20,486 | -99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.