SURFBURGER: 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.
SURFBURGER
Largest movements
- Deferred charges and accrued income +€28,116
up €28,116 (+9218.3%), from €305 to €28,421
- Receivables within one year -€25,806
down €25,806 (-71.5%), from €36,080 to €10,274
of which Other amounts receivable: -€14,538
- Cash +€24,581
up €24,581 (+175.0%), from €14,048 to €38,629
mainly Other debts (+€125,688) and Depreciation (+€37,854)
- Tangible fixed assets +€20,743
up €20,743 (+4.9%), from €419,368 to €440,111
of which Furniture and vehicles: +€24,160
- Other debts +€125,688
up €125,688 (+398.5%), from €31,537 to €157,225
- Current portion of long-term debt -€66,312
down €66,312 (-67.5%), from €98,290 to €31,978
- Trade debts -€38,478
down €38,478 (-56.4%), from €68,179 to €29,701
- Reserves +€14,300
up €14,300 (+486.4%), from €2,940 to €17,240
of which Distributable reserves: +€14,300
- Debts after one year +€9,154
up €9,154 (+3.4%), from €270,077 to €279,230
- Gross operating margin +€18,259
up €18,259 (+29.5%), from €61,835 to €80,094
- Depreciation +€11,961
up €11,961 (+46.2%), from €25,892 to €37,854
- Financial charges +€7,809
up €7,809 (+74.7%), from €10,449 to €18,258
- Other operating charges -€4,980
down €4,980 (-46.1%), from €10,810 to €5,830
- Taxes +€4,173
new in 2025: €4,173
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 | €481,255 | €524,497 | +€43,242 | +9.0% |
| Formation expenses | 20 | €5,346 | €2,798 | -€2,548 | -47.7% |
| Fixed assets | 21/28 | €422,316 | €442,409 | +€20,093 | +4.8% |
| Intangible fixed assets | 21 | €2,948 | €2,298 | -€650 | -22.0% |
| Tangible fixed assets | 22/27 | €419,368 | €440,111 | +€20,743 | +4.9% |
| Land and buildings | 22 | €355,306 | €347,814 | -€7,492 | -2.1% |
| Plant, machinery and equipment | 23 | €15,614 | €14,067 | -€1,547 | -9.9% |
| Furniture and vehicles | 24 | €48,448 | €72,608 | +€24,160 | +49.9% |
| Leasing and similar rights | 25 | - | €5,622 | +€5,622 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €53,593 | €79,289 | +€25,697 | +47.9% |
| Stocks and contracts in progress | 3 | €3,159 | €1,966 | -€1,194 | -37.8% |
| Stocks | 30/36 | €3,159 | €1,966 | -€1,194 | -37.8% |
| Amounts receivable within one year | 40/41 | €36,080 | €10,274 | -€25,806 | -71.5% |
| Trade receivables | 40 | €13,116 | €1,848 | -€11,268 | -85.9% |
| Other amounts receivable | 41 | €22,964 | €8,426 | -€14,538 | -63.3% |
| Cash at bank and in hand | 54/58 | €14,048 | €38,629 | +€24,581 | +175.0% |
| Deferred charges and accrued income | 490/1 | €305 | €28,421 | +€28,116 | +9218.3% |
| Total equity and liabilities | 10/49 | €481,255 | €524,497 | +€43,242 | +9.0% |
| Equity | 10/15 | €8,463 | €22,831 | +€14,368 | +169.8% |
| Contributions | 10/11 | €5,523 | €5,523 | = | 0.0% |
| Reserves | 13 | €2,940 | €17,240 | +€14,300 | +486.4% |
| Non-distributable reserves | 130/1 | €52 | €52 | = | 0.0% |
| Reserves not available under the articles | 1311 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €2,888 | €17,188 | +€14,300 | +495.2% |
| Profit (loss) carried forward | 14 | €0 | €68 | +€68 | |
| Amounts payable | 17/49 | €472,792 | €501,666 | +€28,875 | +6.1% |
| Amounts payable after more than one year | 17 | €270,077 | €279,230 | +€9,154 | +3.4% |
| Financial debts | 170/4 | €270,077 | €279,230 | +€9,154 | +3.4% |
| Amounts payable within one year | 42/48 | €198,945 | €222,180 | +€23,235 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €98,290 | €31,978 | -€66,312 | -67.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €68,179 | €29,701 | -€38,478 | -56.4% |
| Suppliers | 440/4 | €68,179 | €29,701 | -€38,478 | -56.4% |
| Taxes, remuneration and social security | 45 | €939 | €3,277 | +€2,337 | +248.8% |
| Taxes | 450/3 | €939 | €1,777 | +€837 | +89.1% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €31,537 | €157,225 | +€125,688 | +398.5% |
| Accrued charges and deferred income | 492/3 | €3,770 | €256 | -€3,514 | -93.2% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,892 | €37,854 | +€11,961 | +46.2% |
| Other operating charges | 640/8 | €10,810 | €5,830 | -€4,980 | -46.1% |
| Gross operating margin | 9900 | €61,835 | €80,094 | +€18,259 | +29.5% |
| Operating profit (loss) | 9901 | €25,132 | €36,410 | +€11,278 | +44.9% |
| Financial income | 75/76B | €921 | €388 | -€533 | -57.8% |
| Recurring financial income | 75 | €921 | €388 | -€533 | -57.8% |
| Financial charges | 65/66B | €10,449 | €18,258 | +€7,809 | +74.7% |
| Recurring financial charges | 65 | €10,449 | €18,258 | +€7,809 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €15,604 | €18,540 | +€2,936 | +18.8% |
| Income taxes | 67/77 | - | €4,173 | +€4,173 | |
| Profit (loss) for the period | 9904 | €15,604 | €14,368 | -€1,236 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,604 | €14,368 | -€1,236 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.