SUR-MESURE: 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-MESURE
Largest movements
- Tangible fixed assets +€334,097
up €334,097 (+1,207%), from €27,678 to €361,775
of which Assets under construction and advance payments: +€248,805
- Cash +€89,985
up €89,985 (+120%), from €75,155 to €165,140
mainly Trade debts (+€222,912) and Debts after one year (+€182,610)
- Receivables within one year +€28,592
up €28,592 (+18.8%), from €151,754 to €180,347
of which Trade receivables: +€23,124
- Trade debts +€222,912
up €222,912 (+492%), from €45,275 to €268,187
- Debts after one year +€182,610
up €182,610 (+1,528%), from €11,953 to €194,563
- Other debts +€96,547
up €96,547 (+285%), from €33,838 to €130,385
- Profit (loss) carried forward -€40,216
down €40,216 (-47.1%), from €85,360 to €45,144
- Gross operating margin +€53,905
up €53,905 (+70.4%), from €76,547 to €130,452
- Staff costs -€28,937
down €28,937 (-49.1%), from €58,911 to €29,975
- Taxes +€13,108
up €13,108, from -€46 to €13,061
- Financial charges +€10,910
up €10,910 (+359%), from €3,041 to €13,951
- Other operating charges +€4,931
up €4,931 (+349%), from €1,412 to €6,343
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 | €268,366 | €722,226 | +€453,860 | +169% |
| Fixed assets | 21/28 | €36,979 | €373,076 | +€336,097 | +909% |
| Tangible fixed assets | 22/27 | €27,678 | €361,775 | +€334,097 | +1,207% |
| Land and buildings | 22 | - | €91,543 | +€91,543 | |
| Plant, machinery and equipment | 23 | €22,039 | €18,919 | -€3,120 | -14.2% |
| Furniture and vehicles | 24 | €5,640 | €2,509 | -€3,131 | -55.5% |
| Assets under construction and advance payments | 27 | - | €248,805 | +€248,805 | |
| Financial fixed assets | 28 | €9,301 | €11,301 | +€2,000 | +21.5% |
| Current assets | 29/58 | €231,387 | €349,150 | +€117,763 | +50.9% |
| Stocks and contracts in progress | 3 | €587 | €587 | = | 0.0% |
| Stocks | 30/36 | €587 | €587 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €151,754 | €180,347 | +€28,592 | +18.8% |
| Trade receivables | 40 | €120,203 | €143,326 | +€23,124 | +19.2% |
| Other amounts receivable | 41 | €31,552 | €37,020 | +€5,469 | +17.3% |
| Cash at bank and in hand | 54/58 | €75,155 | €165,140 | +€89,985 | +120% |
| Deferred charges and accrued income | 490/1 | €3,891 | €3,077 | -€814 | -20.9% |
| Total equity and liabilities | 10/49 | €268,366 | €722,226 | +€453,860 | +169% |
| Equity | 10/15 | €148,360 | €108,144 | -€40,216 | -27.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,360 | €45,144 | -€40,216 | -47.1% |
| Amounts payable | 17/49 | €120,007 | €614,083 | +€494,076 | +412% |
| Amounts payable after more than one year | 17 | €11,953 | €194,563 | +€182,610 | +1,528% |
| Financial debts | 170/4 | €11,953 | €194,563 | +€182,610 | +1,528% |
| Amounts payable within one year | 42/48 | €108,053 | €417,770 | +€309,716 | +287% |
| Current portion of amounts payable after more than one year | 42 | €9,861 | €3,265 | -€6,595 | -66.9% |
| Trade debts | 44 | €45,275 | €268,187 | +€222,912 | +492% |
| Suppliers | 440/4 | €45,275 | €268,187 | +€222,912 | +492% |
| Taxes, remuneration and social security | 45 | €19,080 | €15,932 | -€3,148 | -16.5% |
| Taxes | 450/3 | €4,039 | €9,252 | +€5,213 | +129% |
| Remuneration and social security | 454/9 | €15,041 | €6,680 | -€8,361 | -55.6% |
| Other amounts payable | 47/48 | €33,838 | €130,385 | +€96,547 | +285% |
| Accrued charges and deferred income | 492/3 | €0 | €1,750 | +€1,750 | |
| Remuneration, social security and pensions | 62 | €58,911 | €29,975 | -€28,937 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,947 | €10,596 | +€649 | +6.5% |
| Other operating charges | 640/8 | €1,412 | €6,343 | +€4,931 | +349% |
| Non-recurring operating charges | 66A | €2,264 | €0 | -€2,264 | -100% |
| Gross operating margin | 9900 | €76,547 | €130,452 | +€53,905 | +70.4% |
| Operating profit (loss) | 9901 | €4,013 | €83,539 | +€79,526 | +1,982% |
| Financial income | 75/76B | €1,904 | €3,258 | +€1,353 | +71.0% |
| Recurring financial income | 75 | €1,904 | €3,258 | +€1,353 | +71.0% |
| Financial charges | 65/66B | €3,041 | €13,951 | +€10,910 | +359% |
| Recurring financial charges | 65 | €3,041 | €13,951 | +€10,910 | +359% |
| Profit (loss) for the period before taxes | 9903 | €2,876 | €72,845 | +€69,969 | +2,432% |
| Income taxes | 67/77 | -€46 | €13,061 | +€13,108 | |
| Profit (loss) for the period | 9904 | €2,923 | €59,784 | +€56,861 | +1,946% |
| Profit (loss) for the period to be appropriated | 9905 | €2,923 | €59,784 | +€56,861 | +1,946% |
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 14 October 2026 via checked.be.