Surenco: 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.
Surenco
Largest movements
- Cash +€104,036
up €104,036 (+363%), from €28,672 to €132,708
mainly Other debts (+€260,179) and Net result for the year (+€74,354)
- Tangible fixed assets -€40,666
down €40,666 (-3.7%), from €1.1m to €1.1m
of which Land and buildings: -€40,658
- Receivables within one year -€19,541
down €19,541 (-56.0%), from €34,865 to €15,325
of which Trade receivables: -€14,670
- Other debts +€260,179
up €260,179 (+3,222%), from €8,075 to €268,254
- Reserves -€182,235
down €182,235 (-75.5%), from €241,235 to €59,000
- Debts after one year -€47,135
down €47,135 (-5.6%), from €845,833 to €798,699
- Gross operating margin -€4,233
down €4,233 (-2.7%), from €159,377 to €155,144
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.
Derived cash bridge
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 | €1,173,840 | €1,215,183 | +€41,343 | +3.5% |
| Fixed assets | 21/28 | €1,110,303 | €1,067,150 | -€43,153 | -3.9% |
| Tangible fixed assets | 22/27 | €1,106,028 | €1,065,362 | -€40,666 | -3.7% |
| Land and buildings | 22 | €1,102,656 | €1,061,998 | -€40,658 | -3.7% |
| Furniture and vehicles | 24 | €3,372 | €1,427 | -€1,945 | -57.7% |
| Other tangible fixed assets | 26 | - | €1,937 | +€1,937 | |
| Financial fixed assets | 28 | €4,275 | €1,788 | -€2,487 | -58.2% |
| Current assets | 29/58 | €63,537 | €148,033 | +€84,496 | +133% |
| Amounts receivable within one year | 40/41 | €34,865 | €15,325 | -€19,541 | -56.0% |
| Trade receivables | 40 | €28,844 | €14,174 | -€14,670 | -50.9% |
| Other amounts receivable | 41 | €6,022 | €1,151 | -€4,870 | -80.9% |
| Cash at bank and in hand | 54/58 | €28,672 | €132,708 | +€104,036 | +363% |
| Total equity and liabilities | 10/49 | €1,173,840 | €1,215,183 | +€41,343 | +3.5% |
| Equity | 10/15 | €262,232 | €79,829 | -€182,403 | -69.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €241,235 | €59,000 | -€182,235 | -75.5% |
| Distributable reserves | 133 | €241,235 | €59,000 | -€182,235 | -75.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €2,447 | €2,279 | -€168 | -6.9% |
| Provisions and deferred taxes | 16 | €612 | €570 | -€42 | -6.9% |
| Deferred taxes | 168 | €612 | €570 | -€42 | -6.9% |
| Amounts payable | 17/49 | €910,997 | €1,134,784 | +€223,787 | +24.6% |
| Amounts payable after more than one year | 17 | €845,833 | €798,699 | -€47,135 | -5.6% |
| Financial debts | 170/4 | €845,833 | €798,699 | -€47,135 | -5.6% |
| Amounts payable within one year | 42/48 | €59,901 | €333,603 | +€273,702 | +457% |
| Current portion of amounts payable after more than one year | 42 | €46,483 | €47,135 | +€652 | +1.4% |
| Trade debts | 44 | €453 | €8,972 | +€8,519 | +1,880% |
| Suppliers | 440/4 | €453 | €8,972 | +€8,519 | +1,880% |
| Taxes, remuneration and social security | 45 | €4,890 | €9,242 | +€4,352 | +89.0% |
| Taxes | 450/3 | €4,890 | €9,242 | +€4,352 | +89.0% |
| Other amounts payable | 47/48 | €8,075 | €268,254 | +€260,179 | +3,222% |
| Accrued charges and deferred income | 492/3 | €5,262 | €2,482 | -€2,780 | -52.8% |
| Non-recurring operating income | 76A | €682 | €0 | -€682 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,348 | €42,616 | +€268 | +0.6% |
| Other operating charges | 640/8 | €5,897 | €6,242 | +€345 | +5.9% |
| Gross operating margin | 9900 | €159,377 | €155,144 | -€4,233 | -2.7% |
| Operating profit (loss) | 9901 | €111,132 | €106,286 | -€4,846 | -4.4% |
| Financial income | 75/76B | €140 | €168 | +€28 | +20.0% |
| Recurring financial income | 75 | €140 | €168 | +€28 | +20.0% |
| Financial charges | 65/66B | €12,847 | €12,353 | -€494 | -3.8% |
| Recurring financial charges | 65 | €12,847 | €12,353 | -€494 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €98,426 | €94,101 | -€4,325 | -4.4% |
| Transfer from deferred taxes | 780 | €35 | €42 | +€7 | +19.9% |
| Income taxes | 67/77 | €20,573 | €19,788 | -€785 | -3.8% |
| Profit (loss) for the period | 9904 | €77,887 | €74,354 | -€3,533 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,887 | €74,354 | -€3,533 | -4.5% |
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 14 October 2026 via checked.be.