SUR+: 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.
SUR+
Largest movements
- Receivables within one year -€37,300
down €37,300 (-54.1%), from €68,968 to €31,668
of which Other amounts receivable: -€52,300
- Debts after one year -€147,825
down €147,825 (-15.9%), from €929,260 to €781,435
- Reserves +€113,553
up €113,553 (+54.1%), from €209,738 to €323,291
- Financial income -€93,452
down €93,452 (-55.8%), from €167,332 to €73,880
- Gross operating margin +€6,937
up €6,937 (+6.9%), from €100,356 to €107,293
- Financial charges -€5,566
down €5,566 (-13.5%), from €41,323 to €35,757
- Taxes -€4,147
down €4,147 (-12.0%), from €34,503 to €30,357
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 | €1,284,141 | €1,246,340 | -€37,801 | -2.9% |
| Fixed assets | 21/28 | €1,100,570 | €1,100,270 | -€300 | 0.0% |
| Tangible fixed assets | 22/27 | €570 | €270 | -€300 | -52.6% |
| Plant, machinery and equipment | 23 | €570 | €270 | -€300 | -52.6% |
| Financial fixed assets | 28 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €183,572 | €146,070 | -€37,501 | -20.4% |
| Amounts receivable within one year | 40/41 | €68,968 | €31,668 | -€37,300 | -54.1% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €68,968 | €16,668 | -€52,300 | -75.8% |
| Cash at bank and in hand | 54/58 | €114,604 | €114,402 | -€202 | -0.2% |
| Total equity and liabilities | 10/49 | €1,284,141 | €1,246,340 | -€37,801 | -2.9% |
| Equity | 10/15 | €210,738 | €324,291 | +€113,553 | +53.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €209,738 | €323,291 | +€113,553 | +54.1% |
| Distributable reserves | 133 | €209,738 | €323,291 | +€113,553 | +54.1% |
| Amounts payable | 17/49 | €1,073,404 | €922,050 | -€151,354 | -14.1% |
| Amounts payable after more than one year | 17 | €929,260 | €781,435 | -€147,825 | -15.9% |
| Financial debts | 170/4 | €929,260 | €781,435 | -€147,825 | -15.9% |
| Amounts payable within one year | 42/48 | €141,538 | €138,249 | -€3,289 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €105,055 | €108,245 | +€3,190 | +3.0% |
| Trade debts | 44 | €180 | - | -€180 | |
| Suppliers | 440/4 | €180 | - | -€180 | |
| Taxes, remuneration and social security | 45 | €36,303 | €30,005 | -€6,299 | -17.4% |
| Taxes | 450/3 | €36,303 | €30,005 | -€6,299 | -17.4% |
| Accrued charges and deferred income | 492/3 | €2,606 | €2,365 | -€241 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €590 | €1,206 | +€616 | +104.3% |
| Gross operating margin | 9900 | €100,356 | €107,293 | +€6,937 | +6.9% |
| Operating profit (loss) | 9901 | €99,466 | €105,787 | +€6,321 | +6.4% |
| Financial income | 75/76B | €167,332 | €73,880 | -€93,452 | -55.8% |
| Recurring financial income | 75 | €167,332 | €73,880 | -€93,452 | -55.8% |
| Financial charges | 65/66B | €41,323 | €35,757 | -€5,566 | -13.5% |
| Recurring financial charges | 65 | €41,323 | €35,757 | -€5,566 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €225,475 | €143,910 | -€81,565 | -36.2% |
| Income taxes | 67/77 | €34,503 | €30,357 | -€4,147 | -12.0% |
| Profit (loss) for the period | 9904 | €190,972 | €113,553 | -€77,418 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €190,972 | €113,553 | -€77,418 | -40.5% |
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 6 October 2026 via checked.be.