SUREC: 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.
SUREC
Largest movements
- Cash +€58,372
up €58,372 (+23.1%), from €252,463 to €310,836
mainly Net result for the year (+€108,223) and Other debts (+€33,795)
- Other debts +€33,795
up €33,795 (+45.7%), from €74,015 to €107,809
- Tax, wage and social debts +€10,549
up €10,549 (+39.8%), from €26,475 to €37,024
- Reserves +€5,000
up €5,000 (+3.1%), from €160,132 to €165,132
of which Distributable reserves: +€5,000
- Gross operating margin +€56,450
up €56,450 (+57.7%), from €97,897 to €154,348
- Taxes +€20,088
up €20,088 (+103.7%), from €19,379 to €39,467
- Depreciation -€2,814
down €2,814 (-41.1%), from €6,852 to €4,038
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,761 | €338,008 | +€54,247 | +19.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €15,209 | €13,098 | -€2,110 | -13.9% |
| Tangible fixed assets | 22/27 | €15,209 | €13,098 | -€2,110 | -13.9% |
| Plant, machinery and equipment | 23 | €1,452 | €4,526 | +€3,075 | +211.8% |
| Furniture and vehicles | 24 | €5,736 | €1,427 | -€4,309 | -75.1% |
| Other tangible fixed assets | 26 | €8,021 | €7,145 | -€876 | -10.9% |
| Current assets | 29/58 | €268,552 | €324,910 | +€56,357 | +21.0% |
| Amounts receivable within one year | 40/41 | €1,784 | - | -€1,784 | |
| Other amounts receivable | 41 | €1,784 | - | -€1,784 | |
| Cash at bank and in hand | 54/58 | €252,463 | €310,836 | +€58,372 | +23.1% |
| Deferred charges and accrued income | 490/1 | €14,305 | €14,074 | -€230 | -1.6% |
| Total equity and liabilities | 10/49 | €283,761 | €338,008 | +€54,247 | +19.1% |
| Equity | 10/15 | €178,865 | €187,088 | +€8,223 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,132 | €165,132 | +€5,000 | +3.1% |
| Tax-exempt reserves | 132 | €132 | €132 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €165,000 | +€5,000 | +3.1% |
| Profit (loss) carried forward | 14 | €134 | €3,357 | +€3,223 | +2408.9% |
| Amounts payable | 17/49 | €104,896 | €150,920 | +€46,024 | +43.9% |
| Amounts payable within one year | 42/48 | €101,342 | €147,757 | +€46,416 | +45.8% |
| Trade debts | 44 | €852 | €2,924 | +€2,072 | +243.3% |
| Suppliers | 440/4 | €852 | €2,924 | +€2,072 | +243.3% |
| Taxes, remuneration and social security | 45 | €26,475 | €37,024 | +€10,549 | +39.8% |
| Taxes | 450/3 | €26,475 | €37,024 | +€10,549 | +39.8% |
| Other amounts payable | 47/48 | €74,015 | €107,809 | +€33,795 | +45.7% |
| Accrued charges and deferred income | 492/3 | €3,554 | €3,163 | -€391 | -11.0% |
| Non-recurring operating income | 76A | - | €281 | +€281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,852 | €4,038 | -€2,814 | -41.1% |
| Other operating charges | 640/8 | €1,594 | €1,706 | +€111 | +7.0% |
| Gross operating margin | 9900 | €97,897 | €154,348 | +€56,450 | +57.7% |
| Operating profit (loss) | 9901 | €89,452 | €148,604 | +€59,153 | +66.1% |
| Financial income | 75/76B | €7 | €3 | -€4 | -61.5% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -61.5% |
| Financial charges | 65/66B | €1,137 | €917 | -€220 | -19.3% |
| Recurring financial charges | 65 | €1,137 | €917 | -€220 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €88,321 | €147,690 | +€59,368 | +67.2% |
| Income taxes | 67/77 | €19,379 | €39,467 | +€20,088 | +103.7% |
| Profit (loss) for the period | 9904 | €68,943 | €108,223 | +€39,280 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,943 | €108,223 | +€39,280 | +57.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.