SUGO: 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.
SUGO
Largest movements
- Cash +€95,492
up €95,492 (+1,778%), from €5,372 to €100,864
mainly Other debts (+€126,812) and Receivables within one year (+€68,332)
- Receivables within one year -€68,332
down €68,332 (-30.9%), from €221,349 to €153,017
of which Other amounts receivable: -€210,130
- Tangible fixed assets -€20,727
down €20,727 (-2.6%), from €791,058 to €770,330
of which Land and buildings: -€38,853
- Other debts +€126,812
up €126,812 (+47.8%), from €265,403 to €392,215
- Debts after one year -€92,475
down €92,475 (-50.1%), from €184,672 to €92,197
- Reserves +€35,635
up €35,635 (+6.2%), from €576,152 to €611,786
of which Distributable reserves: +€35,635
- Tax, wage and social debts -€31,008
down €31,008 (-30.2%), from €102,524 to €71,515
- Current portion of long-term debt -€19,744
down €19,744 (-17.6%), from €112,219 to €92,475
- Gross operating margin -€243,610
down €243,610 (-67.6%), from €360,486 to €116,875
- Taxes -€78,363
down €78,363 (-79.9%), from €98,091 to €19,728
- Staff costs -€15,822
no longer reported in 2024 (was €15,822)
- Depreciation -€14,332
down €14,332 (-20.3%), from €70,534 to €56,202
- Financial income -€6,049
down €6,049 (-59.2%), from €10,219 to €4,170
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,293,802 | €1,287,264 | -€6,539 | -0.5% |
| Fixed assets | 21/28 | €813,058 | €781,330 | -€31,727 | -3.9% |
| Intangible fixed assets | 21 | €22,000 | €11,000 | -€11,000 | -50.0% |
| Tangible fixed assets | 22/27 | €791,058 | €770,330 | -€20,727 | -2.6% |
| Land and buildings | 22 | €761,692 | €722,839 | -€38,853 | -5.1% |
| Plant, machinery and equipment | 23 | €10,071 | €9,760 | -€311 | -3.1% |
| Furniture and vehicles | 24 | €7,655 | €27,385 | +€19,730 | +258% |
| Other tangible fixed assets | 26 | €11,640 | €10,347 | -€1,293 | -11.1% |
| Current assets | 29/58 | €480,744 | €505,933 | +€25,189 | +5.2% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Trade receivables | 290 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €221,349 | €153,017 | -€68,332 | -30.9% |
| Trade receivables | 40 | - | €141,798 | +€141,798 | |
| Other amounts receivable | 41 | €221,349 | €11,219 | -€210,130 | -94.9% |
| Cash at bank and in hand | 54/58 | €5,372 | €100,864 | +€95,492 | +1,778% |
| Deferred charges and accrued income | 490/1 | €4,023 | €2,053 | -€1,971 | -49.0% |
| Total equity and liabilities | 10/49 | €1,293,802 | €1,287,264 | -€6,539 | -0.5% |
| Equity | 10/15 | €594,752 | €630,386 | +€35,635 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €576,152 | €611,786 | +€35,635 | +6.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €574,292 | €609,926 | +€35,635 | +6.2% |
| Amounts payable | 17/49 | €699,051 | €656,877 | -€42,173 | -6.0% |
| Amounts payable after more than one year | 17 | €184,672 | €92,197 | -€92,475 | -50.1% |
| Financial debts | 170/4 | €184,672 | €92,197 | -€92,475 | -50.1% |
| Amounts payable within one year | 42/48 | €514,379 | €564,681 | +€50,302 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €112,219 | €92,475 | -€19,744 | -17.6% |
| Financial debts | 43 | €17,682 | €4,736 | -€12,946 | -73.2% |
| Credit institutions | 430/8 | €17,682 | €4,736 | -€12,946 | -73.2% |
| Trade debts | 44 | €16,551 | €3,739 | -€12,813 | -77.4% |
| Suppliers | 440/4 | €16,551 | €3,739 | -€12,813 | -77.4% |
| Taxes, remuneration and social security | 45 | €102,524 | €71,515 | -€31,008 | -30.2% |
| Taxes | 450/3 | €102,524 | €71,515 | -€31,008 | -30.2% |
| Other amounts payable | 47/48 | €265,403 | €392,215 | +€126,812 | +47.8% |
| Remuneration, social security and pensions | 62 | €15,822 | - | -€15,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,534 | €56,202 | -€14,332 | -20.3% |
| Other operating charges | 640/8 | €2,444 | €1,851 | -€594 | -24.3% |
| Gross operating margin | 9900 | €360,486 | €116,875 | -€243,610 | -67.6% |
| Operating profit (loss) | 9901 | €271,685 | €58,823 | -€212,863 | -78.3% |
| Financial income | 75/76B | €10,219 | €4,170 | -€6,049 | -59.2% |
| Recurring financial income | 75 | €10,219 | €4,170 | -€6,049 | -59.2% |
| Financial charges | 65/66B | €12,851 | €7,629 | -€5,222 | -40.6% |
| Recurring financial charges | 65 | €12,851 | €7,629 | -€5,222 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €269,053 | €55,363 | -€213,690 | -79.4% |
| Income taxes | 67/77 | €98,091 | €19,728 | -€78,363 | -79.9% |
| Profit (loss) for the period | 9904 | €170,962 | €35,635 | -€135,327 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €170,962 | €35,635 | -€135,327 | -79.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.