SUR Holding: 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.
SUR Holding
Largest movements
- Cash +€157,257
up €157,257 (+1,205%), from €13,046 to €170,303
mainly Net result for the year (+€95,035) and Tax, wage and social debts (+€42,759)
- Financial fixed assets -€12,130
down €12,130 (-100%), from €12,130 to €0
- Reserves +€95,035
up €95,035 (+450%), from €21,119 to €116,153
- Tax, wage and social debts +€42,759
up €42,759 (+634%), from €6,748 to €49,507
of which Taxes: +€43,015
- Other debts +€9,715
new in 2025: €9,715
- Trade debts -€5,102
down €5,102 (-93.9%), from €5,435 to €333
- Staff costs -€64,737
down €64,737 (-100%), from €64,737 to €0
- Gross operating margin +€26,520
up €26,520 (+27.9%), from €94,961 to €121,481
- Taxes +€18,904
up €18,904 (+300%), from €6,305 to €25,210
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.
Derived cash bridge
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 | €58,301 | €202,601 | +€144,300 | +248% |
| Fixed assets | 21/28 | €12,130 | €0 | -€12,130 | -100% |
| Financial fixed assets | 28 | €12,130 | €0 | -€12,130 | -100% |
| Current assets | 29/58 | €46,171 | €202,601 | +€156,430 | +339% |
| Amounts receivable within one year | 40/41 | €33,125 | €32,298 | -€827 | -2.5% |
| Trade receivables | 40 | €8,710 | €19,180 | +€10,470 | +120% |
| Other amounts receivable | 41 | €24,415 | €13,118 | -€11,297 | -46.3% |
| Cash at bank and in hand | 54/58 | €13,046 | €170,303 | +€157,257 | +1,205% |
| Total equity and liabilities | 10/49 | €58,301 | €202,601 | +€144,300 | +248% |
| Equity | 10/15 | €46,119 | €141,153 | +€95,035 | +206% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €21,119 | €116,153 | +€95,035 | +450% |
| Distributable reserves | 133 | €21,119 | €116,153 | +€95,035 | +450% |
| Amounts payable | 17/49 | €12,183 | €61,448 | +€49,265 | +404% |
| Amounts payable within one year | 42/48 | €12,183 | €61,448 | +€49,265 | +404% |
| Financial debts | 43 | - | €1,892 | +€1,892 | |
| Credit institutions | 430/8 | - | €1,892 | +€1,892 | |
| Trade debts | 44 | €5,435 | €333 | -€5,102 | -93.9% |
| Suppliers | 440/4 | €5,435 | €333 | -€5,102 | -93.9% |
| Taxes, remuneration and social security | 45 | €6,748 | €49,507 | +€42,759 | +634% |
| Taxes | 450/3 | €6,492 | €49,507 | +€43,015 | +663% |
| Remuneration and social security | 454/9 | €256 | €0 | -€256 | -100% |
| Other amounts payable | 47/48 | - | €9,715 | +€9,715 | |
| Remuneration, social security and pensions | 62 | €64,737 | €0 | -€64,737 | -100% |
| Other operating charges | 640/8 | €867 | €462 | -€405 | -46.7% |
| Non-recurring operating charges | 66A | €869 | €0 | -€869 | -100% |
| Gross operating margin | 9900 | €94,961 | €121,481 | +€26,520 | +27.9% |
| Operating profit (loss) | 9901 | €28,488 | €121,019 | +€92,532 | +325% |
| Financial income | 75/76B | €886 | €48 | -€837 | -94.5% |
| Recurring financial income | 75 | €886 | €48 | -€837 | -94.5% |
| Financial charges | 65/66B | €1,950 | €823 | -€1,126 | -57.8% |
| Recurring financial charges | 65 | €1,950 | €823 | -€1,126 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €27,424 | €120,244 | +€92,821 | +338% |
| Income taxes | 67/77 | €6,305 | €25,210 | +€18,904 | +300% |
| Profit (loss) for the period | 9904 | €21,119 | €95,035 | +€73,916 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €21,119 | €95,035 | +€73,916 | +350% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.