SUGUS: 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.
SUGUS
Largest movements
- Tangible fixed assets -€524,244
down €524,244 (-12.8%), from €4.1m to €3.6m
- Cash -€179,342
down €179,342 (-46.4%), from €386,544 to €207,202
mainly Other debts (-€430,000) and Debts after one year (-€224,142)
- Other debts -€430,000
down €430,000 (-88.8%), from €484,506 to €54,506
- Debts after one year -€224,142
down €224,142 (-10.0%), from €2.2m to €2.0m
of which Financial debts: -€225,502
- Current portion of long-term debt -€133,107
down €133,107 (-36.1%), from €368,451 to €235,344
- Reserves +€83,000
up €83,000 (+3.8%), from €2.2m to €2.2m
- Depreciation -€70,568
down €70,568 (-25.9%), from €272,496 to €201,928
- Gross operating margin +€67,171
up €67,171 (+44.1%), from €152,380 to €219,551
- Financial income +€22,744
up €22,744 (+21.0%), from €108,225 to €130,970
- Financial charges -€5,032
down €5,032 (-11.8%), from €42,469 to €37,437
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 | €5,289,532 | €4,586,516 | -€703,016 | -13.3% |
| Fixed assets | 21/28 | €4,882,538 | €4,358,294 | -€524,244 | -10.7% |
| Tangible fixed assets | 22/27 | €4,094,003 | €3,569,759 | -€524,244 | -12.8% |
| Land and buildings | 22 | €4,094,003 | €3,569,759 | -€524,244 | -12.8% |
| Financial fixed assets | 28 | €788,535 | €788,535 | = | 0.0% |
| Current assets | 29/58 | €406,994 | €228,222 | -€178,772 | -43.9% |
| Amounts receivable within one year | 40/41 | €19,332 | €19,515 | +€183 | +0.9% |
| Other amounts receivable | 41 | €19,332 | €19,515 | +€183 | +0.9% |
| Cash at bank and in hand | 54/58 | €386,544 | €207,202 | -€179,342 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,118 | €1,504 | +€386 | +34.5% |
| Total equity and liabilities | 10/49 | €5,289,532 | €4,586,516 | -€703,016 | -13.3% |
| Equity | 10/15 | €2,180,051 | €2,263,308 | +€83,257 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,160,860 | €2,243,860 | +€83,000 | +3.8% |
| Distributable reserves | 133 | €2,160,860 | €2,243,860 | +€83,000 | +3.8% |
| Profit (loss) carried forward | 14 | €591 | €848 | +€257 | +43.4% |
| Amounts payable | 17/49 | €3,109,481 | €2,323,207 | -€786,273 | -25.3% |
| Amounts payable after more than one year | 17 | €2,247,586 | €2,023,444 | -€224,142 | -10.0% |
| Financial debts | 170/4 | €2,232,932 | €2,007,430 | -€225,502 | -10.1% |
| Trade debts | 175 | - | €600 | +€600 | |
| Other amounts payable | 178/9 | €14,654 | €15,414 | +€760 | +5.2% |
| Amounts payable within one year | 42/48 | €853,298 | €289,986 | -€563,313 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €368,451 | €235,344 | -€133,107 | -36.1% |
| Trade debts | 44 | €342 | €136 | -€206 | -60.2% |
| Suppliers | 440/4 | €342 | €136 | -€206 | -60.2% |
| Other amounts payable | 47/48 | €484,506 | €54,506 | -€430,000 | -88.8% |
| Accrued charges and deferred income | 492/3 | €8,596 | €9,778 | +€1,182 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,496 | €201,928 | -€70,568 | -25.9% |
| Other operating charges | 640/8 | €25,755 | €27,899 | +€2,144 | +8.3% |
| Gross operating margin | 9900 | €152,380 | €219,551 | +€67,171 | +44.1% |
| Operating profit (loss) | 9901 | -€145,870 | -€10,276 | +€135,595 | +93.0% |
| Financial income | 75/76B | €108,225 | €130,970 | +€22,744 | +21.0% |
| Recurring financial income | 75 | €108,225 | €130,970 | +€22,744 | +21.0% |
| Financial charges | 65/66B | €42,469 | €37,437 | -€5,032 | -11.8% |
| Recurring financial charges | 65 | €42,469 | €37,437 | -€5,032 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€80,114 | €83,257 | +€163,370 | |
| Profit (loss) for the period | 9904 | -€80,114 | €83,257 | +€163,370 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,114 | €83,257 | +€163,370 |
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 30 September 2026 via checked.be.