SUREAL: 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.
SUREAL
Largest movements
- Receivables within one year +€391,003
up €391,003 (+53.6%), from €729,429 to €1.1m
of which Trade receivables: +€392,386
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Tangible fixed assets -€52,635
down €52,635 (-15.4%), from €342,010 to €289,375
of which Furniture and vehicles: -€26,465
- Cash +€28,149
up €28,149 (+12.9%), from €217,611 to €245,760
mainly Net result for the year (+€343,299) and Current investments (+€300,000)
- Reserves +€343,299
up €343,299 (+70.2%), from €489,146 to €832,444
- Other debts -€198,051
down €198,051 (-99.1%), from €199,882 to €1,831
- Trade debts -€34,681
down €34,681 (-8.2%), from €422,657 to €387,975
- Debts after one year -€33,148
down €33,148 (-26.5%), from €125,086 to €91,938
- Tax, wage and social debts +€31,474
up €31,474 (+12.9%), from €243,583 to €275,057
of which Remuneration and social security: +€16,473
- Gross operating margin +€433,475
up €433,475 (+26.1%), from €1.7m to €2.1m
- Staff costs +€293,145
up €293,145 (+24.0%), from €1.2m to €1.5m
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 | €1,650,305 | €1,728,475 | +€78,169 | +4.7% |
| Fixed assets | 21/28 | €345,249 | €291,321 | -€53,928 | -15.6% |
| Intangible fixed assets | 21 | €3,239 | €1,946 | -€1,293 | -39.9% |
| Tangible fixed assets | 22/27 | €342,010 | €289,375 | -€52,635 | -15.4% |
| Furniture and vehicles | 24 | €138,919 | €112,454 | -€26,465 | -19.1% |
| Other tangible fixed assets | 26 | €203,091 | €176,921 | -€26,170 | -12.9% |
| Current assets | 29/58 | €1,305,056 | €1,437,153 | +€132,097 | +10.1% |
| Amounts receivable within one year | 40/41 | €729,429 | €1,120,432 | +€391,003 | +53.6% |
| Trade receivables | 40 | €728,047 | €1,120,432 | +€392,386 | +53.9% |
| Other amounts receivable | 41 | €1,382 | €0 | -€1,382 | -100.0% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €217,611 | €245,760 | +€28,149 | +12.9% |
| Deferred charges and accrued income | 490/1 | €58,016 | €70,961 | +€12,945 | +22.3% |
| Total equity and liabilities | 10/49 | €1,650,305 | €1,728,475 | +€78,169 | +4.7% |
| Equity | 10/15 | €509,146 | €852,444 | +€343,299 | +67.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €489,146 | €832,444 | +€343,299 | +70.2% |
| Distributable reserves | 133 | €489,146 | €832,444 | +€343,299 | +70.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,141,160 | €876,030 | -€265,129 | -23.2% |
| Amounts payable after more than one year | 17 | €125,086 | €91,938 | -€33,148 | -26.5% |
| Financial debts | 170/4 | €125,086 | €91,938 | -€33,148 | -26.5% |
| Amounts payable within one year | 42/48 | €908,561 | €699,618 | -€208,943 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €31,865 | €33,148 | +€1,283 | +4.0% |
| Financial debts | 43 | €10,574 | €1,607 | -€8,967 | -84.8% |
| Credit institutions | 430/8 | €10,574 | €1,607 | -€8,967 | -84.8% |
| Trade debts | 44 | €422,657 | €387,975 | -€34,681 | -8.2% |
| Suppliers | 440/4 | €422,657 | €387,975 | -€34,681 | -8.2% |
| Taxes, remuneration and social security | 45 | €243,583 | €275,057 | +€31,474 | +12.9% |
| Taxes | 450/3 | €74,558 | €89,560 | +€15,001 | +20.1% |
| Remuneration and social security | 454/9 | €169,025 | €185,498 | +€16,473 | +9.7% |
| Other amounts payable | 47/48 | €199,882 | €1,831 | -€198,051 | -99.1% |
| Accrued charges and deferred income | 492/3 | €107,512 | €84,474 | -€23,038 | -21.4% |
| Remuneration, social security and pensions | 62 | €1,222,224 | €1,515,369 | +€293,145 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,890 | €68,821 | +€4,932 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,950 | -€5,950 | -€11,900 | |
| Other operating charges | 640/8 | €59,010 | €47,136 | -€11,873 | -20.1% |
| Gross operating margin | 9900 | €1,661,656 | €2,095,131 | +€433,475 | +26.1% |
| Operating profit (loss) | 9901 | €310,582 | €469,754 | +€159,172 | +51.2% |
| Financial income | 75/76B | €4,922 | €5,158 | +€236 | +4.8% |
| Recurring financial income | 75 | €4,922 | €5,158 | +€236 | +4.8% |
| Financial charges | 65/66B | €10,492 | €11,977 | +€1,486 | +14.2% |
| Recurring financial charges | 65 | €10,492 | €11,977 | +€1,486 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €305,013 | €462,935 | +€157,922 | +51.8% |
| Income taxes | 67/77 | €110,543 | €119,636 | +€9,093 | +8.2% |
| Profit (loss) for the period | 9904 | €194,470 | €343,299 | +€148,829 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €194,470 | €343,299 | +€148,829 | +76.5% |
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 6 October 2026 via checked.be.