SURFAS: 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.
SURFAS
Largest movements
- Tangible fixed assets +€108,869
up €108,869 (+156.6%), from €69,506 to €178,375
of which Furniture and vehicles: +€105,732
- Stocks and contracts +€54,818
up €54,818 (+54.4%), from €100,714 to €155,533
of which Stocks: +€30,974
- Cash -€11,186
down €11,186 (-18.1%), from €61,802 to €50,616
mainly Investment in fixed assets (net) (-€128,371) and Stocks and contracts (-€54,818)
- Receivables within one year -€8,049
down €8,049 (-8.2%), from €97,862 to €89,813
of which Other amounts receivable: -€16,445
- Deferred charges and accrued income +€5,549
up €5,549 (+232.3%), from €2,389 to €7,938
- Trade debts +€102,634
up €102,634 (+308.7%), from €33,247 to €135,881
- Profit (loss) carried forward +€37,235
up €37,235 (+35.6%), from €104,491 to €141,726
- Tax, wage and social debts +€11,401
up €11,401 (+206.3%), from €5,526 to €16,927
of which Taxes: +€10,592
- Current portion of long-term debt -€10,183
down €10,183 (-18.8%), from €54,129 to €43,947
- Debts after one year +€6,869
up €6,869 (+5.3%), from €129,109 to €135,978
- Gross operating margin -€23,847
down €23,847 (-16.3%), from €146,245 to €122,398
- Taxes -€5,684
down €5,684 (-35.0%), from €16,220 to €10,537
- Depreciation +€3,874
up €3,874 (+24.8%), from €15,627 to €19,501
- Staff costs +€1,890
up €1,890 (+4.4%), from €43,098 to €44,988
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 | €338,122 | €488,124 | +€150,002 | +44.4% |
| Fixed assets | 21/28 | €75,356 | €184,225 | +€108,869 | +144.5% |
| Tangible fixed assets | 22/27 | €69,506 | €178,375 | +€108,869 | +156.6% |
| Land and buildings | 22 | - | €8,367 | +€8,367 | |
| Furniture and vehicles | 24 | €27,256 | €132,989 | +€105,732 | +387.9% |
| Other tangible fixed assets | 26 | €42,249 | €37,019 | -€5,230 | -12.4% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €262,767 | €303,899 | +€41,133 | +15.7% |
| Stocks and contracts in progress | 3 | €100,714 | €155,533 | +€54,818 | +54.4% |
| Stocks | 30/36 | €100,714 | €131,688 | +€30,974 | +30.8% |
| Contracts in progress | 37 | - | €23,844 | +€23,844 | |
| Amounts receivable within one year | 40/41 | €97,862 | €89,813 | -€8,049 | -8.2% |
| Trade receivables | 40 | €69,642 | €78,039 | +€8,396 | +12.1% |
| Other amounts receivable | 41 | €28,219 | €11,774 | -€16,445 | -58.3% |
| Cash at bank and in hand | 54/58 | €61,802 | €50,616 | -€11,186 | -18.1% |
| Deferred charges and accrued income | 490/1 | €2,389 | €7,938 | +€5,549 | +232.3% |
| Total equity and liabilities | 10/49 | €338,122 | €488,124 | +€150,002 | +44.4% |
| Equity | 10/15 | €114,491 | €151,726 | +€37,235 | +32.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,491 | €141,726 | +€37,235 | +35.6% |
| Amounts payable | 17/49 | €223,631 | €336,398 | +€112,767 | +50.4% |
| Amounts payable after more than one year | 17 | €129,109 | €135,978 | +€6,869 | +5.3% |
| Financial debts | 170/4 | €129,109 | €135,978 | +€6,869 | +5.3% |
| Amounts payable within one year | 42/48 | €92,902 | €199,488 | +€106,586 | +114.7% |
| Current portion of amounts payable after more than one year | 42 | €54,129 | €43,947 | -€10,183 | -18.8% |
| Trade debts | 44 | €33,247 | €135,881 | +€102,634 | +308.7% |
| Suppliers | 440/4 | €33,247 | €135,881 | +€102,634 | +308.7% |
| Taxes, remuneration and social security | 45 | €5,526 | €16,927 | +€11,401 | +206.3% |
| Taxes | 450/3 | - | €10,592 | +€10,592 | |
| Remuneration and social security | 454/9 | €5,526 | €6,336 | +€810 | +14.7% |
| Other amounts payable | 47/48 | - | €2,733 | +€2,733 | |
| Accrued charges and deferred income | 492/3 | €1,620 | €932 | -€688 | -42.5% |
| Remuneration, social security and pensions | 62 | €43,098 | €44,988 | +€1,890 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,627 | €19,501 | +€3,874 | +24.8% |
| Other operating charges | 640/8 | €579 | €758 | +€179 | +30.9% |
| Gross operating margin | 9900 | €146,245 | €122,398 | -€23,847 | -16.3% |
| Operating profit (loss) | 9901 | €86,941 | €57,151 | -€29,790 | -34.3% |
| Financial income | 75/76B | €22 | €2 | -€20 | -92.3% |
| Recurring financial income | 75 | €22 | €2 | -€20 | -92.3% |
| Financial charges | 65/66B | €8,278 | €9,381 | +€1,103 | +13.3% |
| Recurring financial charges | 65 | €8,278 | €9,381 | +€1,103 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €78,684 | €47,771 | -€30,913 | -39.3% |
| Income taxes | 67/77 | €16,220 | €10,537 | -€5,684 | -35.0% |
| Profit (loss) for the period | 9904 | €62,464 | €37,235 | -€25,229 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,464 | €37,235 | -€25,229 | -40.4% |
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 5 October 2026 via checked.be.