SUR & PLUS: 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 & PLUS
Largest movements
- Receivables within one year -€54,458
down €54,458 (-13.5%), from €403,103 to €348,644
of which Trade receivables: -€313,618
- Cash +€10,544
up €10,544 (+49594.3%), from €21 to €10,565
mainly Receivables within one year (+€54,458) and Accrued charges and deferred income (+€1,691)
- Other debts -€23,972
down €23,972 (-92.1%), from €26,017 to €2,045
- Trade debts -€22,905
down €22,905 (-13.2%), from €173,671 to €150,766
- Write-downs +€48,000
new in 2025: €48,000
- Gross operating margin +€20,831
up €20,831 (+71.6%), from €29,093 to €49,924
- Financial income +€2,567
up €2,567 (+551.4%), from €466 to €3,033
- Financial charges -€1,532
down €1,532 (-34.1%), from €4,499 to €2,967
- Taxes -€529
no longer reported in 2025 (was €529)
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 | €404,218 | €359,957 | -€44,261 | -10.9% |
| Fixed assets | 21/28 | €608 | €456 | -€152 | -25.0% |
| Intangible fixed assets | 21 | €608 | €456 | -€152 | -25.0% |
| Current assets | 29/58 | €403,610 | €359,501 | -€44,109 | -10.9% |
| Amounts receivable within one year | 40/41 | €403,103 | €348,644 | -€54,458 | -13.5% |
| Trade receivables | 40 | €379,538 | €65,920 | -€313,618 | -82.6% |
| Other amounts receivable | 41 | €23,565 | €282,725 | +€259,160 | +1099.8% |
| Cash at bank and in hand | 54/58 | €21 | €10,565 | +€10,544 | +49594.3% |
| Deferred charges and accrued income | 490/1 | €486 | €291 | -€194 | -40.0% |
| Total equity and liabilities | 10/49 | €404,218 | €359,957 | -€44,261 | -10.9% |
| Equity | 10/15 | €193,525 | €194,450 | +€925 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €173,525 | €174,450 | +€925 | +0.5% |
| Distributable reserves | 133 | €173,525 | €174,450 | +€925 | +0.5% |
| Amounts payable | 17/49 | €210,693 | €165,507 | -€45,186 | -21.4% |
| Amounts payable within one year | 42/48 | €199,688 | €152,811 | -€46,877 | -23.5% |
| Trade debts | 44 | €173,671 | €150,766 | -€22,905 | -13.2% |
| Suppliers | 440/4 | €173,671 | €150,766 | -€22,905 | -13.2% |
| Other amounts payable | 47/48 | €26,017 | €2,045 | -€23,972 | -92.1% |
| Accrued charges and deferred income | 492/3 | €11,005 | €12,696 | +€1,691 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €152 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €48,000 | +€48,000 | |
| Other operating charges | 640/8 | €814 | €913 | +€100 | +12.3% |
| Gross operating margin | 9900 | €29,093 | €49,924 | +€20,831 | +71.6% |
| Operating profit (loss) | 9901 | €28,127 | €859 | -€27,269 | -96.9% |
| Financial income | 75/76B | €466 | €3,033 | +€2,567 | +551.4% |
| Recurring financial income | 75 | €466 | €3,033 | +€2,567 | +551.4% |
| Financial charges | 65/66B | €4,499 | €2,967 | -€1,532 | -34.1% |
| Recurring financial charges | 65 | €4,499 | €2,967 | -€1,532 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €24,094 | €925 | -€23,169 | -96.2% |
| Income taxes | 67/77 | €529 | - | -€529 | |
| Profit (loss) for the period | 9904 | €23,565 | €925 | -€22,640 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,565 | €925 | -€22,640 | -96.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.