SURDIACOURT: 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.
SURDIACOURT
Largest movements
- Tangible fixed assets -€40,922
down €40,922 (-5.4%), from €756,202 to €715,280
- Cash -€18,540
down €18,540 (-37.4%), from €49,592 to €31,053
mainly Debts after one year (-€47,526) and Stocks and contracts (-€13,657)
- Stocks and contracts +€13,657
up €13,657 (+16.6%), from €82,288 to €95,945
of which Contracts in progress: +€22,400
- Debts after one year -€47,526
down €47,526 (-11.7%), from €405,646 to €358,121
- Gross operating margin -€7,128
down €7,128 (-8.8%), from €80,936 to €73,808
- Depreciation +€6,588
up €6,588 (+15.1%), from €43,483 to €50,071
- Taxes -€3,364
down €3,364 (-45.5%), from €7,400 to €4,036
- Financial charges +€954
up €954 (+16.8%), from €5,664 to €6,617
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 | €919,859 | €878,372 | -€41,487 | -4.5% |
| Fixed assets | 21/28 | €756,202 | €715,280 | -€40,922 | -5.4% |
| Tangible fixed assets | 22/27 | €756,202 | €715,280 | -€40,922 | -5.4% |
| Land and buildings | 22 | €640,462 | €627,560 | -€12,902 | -2.0% |
| Plant, machinery and equipment | 23 | €22,076 | €17,966 | -€4,110 | -18.6% |
| Furniture and vehicles | 24 | €55,150 | €39,186 | -€15,964 | -28.9% |
| Leasing and similar rights | 25 | €38,514 | €30,568 | -€7,947 | -20.6% |
| Current assets | 29/58 | €163,657 | €163,092 | -€565 | -0.3% |
| Stocks and contracts in progress | 3 | €82,288 | €95,945 | +€13,657 | +16.6% |
| Stocks | 30/36 | €82,288 | €73,545 | -€8,743 | -10.6% |
| Contracts in progress | 37 | €0 | €22,400 | +€22,400 | |
| Amounts receivable within one year | 40/41 | €24,752 | €31,889 | +€7,137 | +28.8% |
| Trade receivables | 40 | €24,752 | €26,662 | +€1,910 | +7.7% |
| Other amounts receivable | 41 | - | €5,227 | +€5,227 | |
| Cash at bank and in hand | 54/58 | €49,592 | €31,053 | -€18,540 | -37.4% |
| Deferred charges and accrued income | 490/1 | €7,024 | €4,205 | -€2,819 | -40.1% |
| Total equity and liabilities | 10/49 | €919,859 | €878,372 | -€41,487 | -4.5% |
| Equity | 10/15 | €204,880 | €212,687 | +€7,807 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €198,680 | €206,487 | +€7,807 | +3.9% |
| Distributable reserves | 133 | €198,680 | €206,487 | +€7,807 | +3.9% |
| Amounts payable | 17/49 | €714,979 | €665,684 | -€49,295 | -6.9% |
| Amounts payable after more than one year | 17 | €405,646 | €358,121 | -€47,526 | -11.7% |
| Financial debts | 170/4 | €405,646 | €358,121 | -€47,526 | -11.7% |
| Amounts payable within one year | 42/48 | €305,787 | €307,564 | +€1,776 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €47,251 | €47,526 | +€275 | +0.6% |
| Trade debts | 44 | €47,438 | €56,386 | +€8,948 | +18.9% |
| Suppliers | 440/4 | €47,438 | €56,386 | +€8,948 | +18.9% |
| Taxes, remuneration and social security | 45 | €17,522 | €16,431 | -€1,091 | -6.2% |
| Taxes | 450/3 | €13,427 | €10,441 | -€2,986 | -22.2% |
| Remuneration and social security | 454/9 | €4,095 | €5,990 | +€1,895 | +46.3% |
| Other amounts payable | 47/48 | €193,576 | €187,221 | -€6,355 | -3.3% |
| Accrued charges and deferred income | 492/3 | €3,545 | €0 | -€3,545 | -100.0% |
| Non-recurring operating income | 76A | €28,703 | €1,166 | -€27,537 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,483 | €50,071 | +€6,588 | +15.1% |
| Other operating charges | 640/8 | €5,058 | €5,276 | +€219 | +4.3% |
| Gross operating margin | 9900 | €80,936 | €73,808 | -€7,128 | -8.8% |
| Operating profit (loss) | 9901 | €32,394 | €18,460 | -€13,934 | -43.0% |
| Financial income | 75/76B | €56 | €0 | -€56 | -99.4% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -99.4% |
| Financial charges | 65/66B | €5,664 | €6,617 | +€954 | +16.8% |
| Recurring financial charges | 65 | €5,664 | €6,617 | +€954 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €26,787 | €11,843 | -€14,944 | -55.8% |
| Income taxes | 67/77 | €7,400 | €4,036 | -€3,364 | -45.5% |
| Profit (loss) for the period | 9904 | €19,387 | €7,807 | -€11,579 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,387 | €7,807 | -€11,579 | -59.7% |
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 10 October 2026 via checked.be.