SURDITE: 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.
SURDITE
Largest movements
- Cash +€60,169
up €60,169 (+19.3%), from €311,285 to €371,454
mainly Depreciation (+€43,457) and Receivables within one year (+€36,480)
- Tangible fixed assets -€43,458
down €43,458 (-7.5%), from €576,554 to €533,096
- Receivables within one year -€36,480
down €36,480 (-60.3%), from €60,542 to €24,062
of which Trade receivables: -€39,839
- Current investments +€29,500
up €29,500 (+70.2%), from €42,000 to €71,500
- Profit (loss) carried forward +€15,035
up €15,035 (+2.4%), from €629,078 to €644,113
- Gross operating margin -€40,171
down €40,171 (-40.3%), from €99,571 to €59,400
- Taxes -€15,570
no longer reported in 2025 (was €15,570)
- Financial income +€2,286
up €2,286 (+460.9%), from €496 to €2,782
- Depreciation +€2,183
up €2,183 (+5.3%), from €41,274 to €43,457
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 | €991,823 | €1,001,554 | +€9,731 | +1.0% |
| Fixed assets | 21/28 | €576,554 | €533,096 | -€43,458 | -7.5% |
| Tangible fixed assets | 22/27 | €576,554 | €533,096 | -€43,458 | -7.5% |
| Land and buildings | 22 | €576,554 | €533,096 | -€43,458 | -7.5% |
| Current assets | 29/58 | €415,269 | €468,458 | +€53,189 | +12.8% |
| Amounts receivable within one year | 40/41 | €60,542 | €24,062 | -€36,480 | -60.3% |
| Trade receivables | 40 | €60,516 | €20,677 | -€39,839 | -65.8% |
| Other amounts receivable | 41 | €26 | €3,385 | +€3,359 | +12919.2% |
| Current investments | 50/53 | €42,000 | €71,500 | +€29,500 | +70.2% |
| Cash at bank and in hand | 54/58 | €311,285 | €371,454 | +€60,169 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,442 | €1,442 | = | 0.0% |
| Total equity and liabilities | 10/49 | €991,823 | €1,001,554 | +€9,731 | +1.0% |
| Equity | 10/15 | €723,599 | €736,360 | +€12,761 | +1.8% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €28,521 | €26,247 | -€2,274 | -8.0% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Legal reserve | 130 | €6,600 | €6,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,921 | €19,647 | -€2,274 | -10.4% |
| Profit (loss) carried forward | 14 | €629,078 | €644,113 | +€15,035 | +2.4% |
| Provisions and deferred taxes | 16 | €4,941 | €3,789 | -€1,152 | -23.3% |
| Deferred taxes | 168 | €4,941 | €3,789 | -€1,152 | -23.3% |
| Amounts payable | 17/49 | €263,283 | €261,405 | -€1,878 | -0.7% |
| Amounts payable after more than one year | 17 | €240,299 | €240,299 | = | 0.0% |
| Other amounts payable | 178/9 | €240,299 | €240,299 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,984 | €21,106 | -€1,878 | -8.2% |
| Trade debts | 44 | €886 | €276 | -€610 | -68.8% |
| Suppliers | 440/4 | €886 | €276 | -€610 | -68.8% |
| Taxes, remuneration and social security | 45 | €22,098 | €20,830 | -€1,268 | -5.7% |
| Taxes | 450/3 | €22,098 | €20,830 | -€1,268 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,274 | €43,457 | +€2,183 | +5.3% |
| Other operating charges | 640/8 | €7,675 | €7,008 | -€667 | -8.7% |
| Gross operating margin | 9900 | €99,571 | €59,400 | -€40,171 | -40.3% |
| Operating profit (loss) | 9901 | €50,622 | €8,935 | -€41,687 | -82.3% |
| Financial income | 75/76B | €496 | €2,782 | +€2,286 | +460.9% |
| Recurring financial income | 75 | €496 | €2,782 | +€2,286 | +460.9% |
| Financial charges | 65/66B | €240 | €108 | -€132 | -55.0% |
| Recurring financial charges | 65 | €240 | €108 | -€132 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €50,878 | €11,609 | -€39,269 | -77.2% |
| Transfer from deferred taxes | 780 | €1,152 | €1,152 | = | 0.0% |
| Income taxes | 67/77 | €15,570 | - | -€15,570 | |
| Profit (loss) for the period | 9904 | €36,460 | €12,761 | -€23,699 | -65.0% |
| Transfer from tax-exempt reserves | 789 | €2,273 | €2,274 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,733 | €15,035 | -€23,698 | -61.2% |
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.