SUR EXPRES: 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 EXPRES
Largest movements
- Receivables within one year +€29,166
up €29,166 (+45.6%), from €63,961 to €93,127
of which Trade receivables: +€31,757
- Cash -€17,650
down €17,650 (-80.4%), from €21,949 to €4,299
mainly Receivables within one year (-€29,166) and Net result for the year (-€18,242)
- Stocks and contracts +€5,666
up €5,666 (+12.9%), from €43,859 to €49,525
- Other debts +€20,200
new in 2025: €20,200
- Profit (loss) carried forward -€18,242
down €18,242, from €7,416 to -€10,827
- Advances received +€11,003
new in 2025: €11,003
- Short-term financial debts +€3,423
new in 2025: €3,423
- Tax, wage and social debts +€2,367
up €2,367 (+236.7%), from €1,000 to €3,367
of which Taxes: +€3,367
- Gross operating margin -€22,314
down €22,314, from €5,578 to -€16,736
- Other operating charges -€1,616
down €1,616 (-55.2%), from €2,928 to €1,312
- Financial income -€972
no longer reported in 2025 (was €972)
of which Financial income: -€972
- Taxes -€321
no longer reported in 2025 (was €321)
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 | €132,249 | €150,206 | +€17,956 | +13.6% |
| Fixed assets | 21/28 | €2,388 | €2,388 | = | 0.0% |
| Financial fixed assets | 28 | €2,388 | €2,388 | = | 0.0% |
| Current assets | 29/58 | €129,861 | €147,818 | +€17,956 | +13.8% |
| Stocks and contracts in progress | 3 | €43,859 | €49,525 | +€5,666 | +12.9% |
| Stocks | 30/36 | €43,859 | €49,525 | +€5,666 | +12.9% |
| Amounts receivable within one year | 40/41 | €63,961 | €93,127 | +€29,166 | +45.6% |
| Trade receivables | 40 | €55,955 | €87,712 | +€31,757 | +56.8% |
| Other amounts receivable | 41 | €8,006 | €5,415 | -€2,591 | -32.4% |
| Cash at bank and in hand | 54/58 | €21,949 | €4,299 | -€17,650 | -80.4% |
| Deferred charges and accrued income | 490/1 | €92 | €865 | +€773 | +841.4% |
| Total equity and liabilities | 10/49 | €132,249 | €150,206 | +€17,956 | +13.6% |
| Equity | 10/15 | €51,997 | €33,755 | -€18,242 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,982 | €25,982 | = | 0.0% |
| 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 | €24,122 | €24,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,416 | -€10,827 | -€18,242 | |
| Amounts payable | 17/49 | €80,252 | €116,451 | +€36,199 | +45.1% |
| Amounts payable within one year | 42/48 | €80,252 | €116,451 | +€36,199 | +45.1% |
| Financial debts | 43 | - | €3,423 | +€3,423 | |
| Credit institutions | 430/8 | - | €3,423 | +€3,423 | |
| Trade debts | 44 | €79,252 | €78,458 | -€794 | -1.0% |
| Suppliers | 440/4 | €79,252 | €78,458 | -€794 | -1.0% |
| Advances received on contracts in progress | 46 | - | €11,003 | +€11,003 | |
| Taxes, remuneration and social security | 45 | €1,000 | €3,367 | +€2,367 | +236.7% |
| Taxes | 450/3 | - | €3,367 | +€3,367 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €20,200 | +€20,200 | |
| Other operating charges | 640/8 | €2,928 | €1,312 | -€1,616 | -55.2% |
| Gross operating margin | 9900 | €5,578 | -€16,736 | -€22,314 | |
| Operating profit (loss) | 9901 | €2,650 | -€18,048 | -€20,698 | |
| Financial income | 75/76B | €972 | - | -€972 | |
| Recurring financial income | 75 | €972 | - | -€972 | |
| Non-recurring financial income | 76B | €972 | - | -€972 | |
| Financial charges | 65/66B | €305 | €194 | -€111 | -36.3% |
| Recurring financial charges | 65 | €305 | €194 | -€111 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €3,318 | -€18,242 | -€21,560 | |
| Income taxes | 67/77 | €321 | - | -€321 | |
| Profit (loss) for the period | 9904 | €2,996 | -€18,242 | -€21,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,996 | -€18,242 | -€21,239 |
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.