SURFCITY: 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.
SURFCITY
Largest movements
- Tangible fixed assets +€58,132
up €58,132 (+49.0%), from €118,527 to €176,659
- Cash +€14,950
up €14,950 (+139%), from €10,783 to €25,733
mainly Depreciation (+€69,187) and Tax, wage and social debts (+€27,607)
- Receivables within one year +€13,656
up €13,656 (+29.8%), from €45,899 to €59,555
of which Trade receivables: +€17,337
- Tax, wage and social debts +€27,607
up €27,607 (+362%), from €7,635 to €35,242
of which Taxes: +€26,497
- Debts after one year +€22,655
new in 2025: €22,655
- Other debts +€14,570
up €14,570 (+25.7%), from €56,697 to €71,266
- Reserves +€14,028
up €14,028 (+11.1%), from €125,937 to €139,965
- Current portion of long-term debt +€6,229
new in 2025: €6,229
- Gross operating margin +€50,641
up €50,641 (+46.4%), from €109,051 to €159,692
- Depreciation +€28,698
up €28,698 (+70.9%), from €40,489 to €69,187
- Taxes +€21,097
up €21,097 (+521%), from €4,048 to €25,145
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 | €224,069 | €309,317 | +€85,248 | +38.0% |
| Fixed assets | 21/28 | €118,527 | €176,659 | +€58,132 | +49.0% |
| Tangible fixed assets | 22/27 | €118,527 | €176,659 | +€58,132 | +49.0% |
| Land and buildings | 22 | - | €5,444 | +€5,444 | |
| Plant, machinery and equipment | 23 | €111,850 | €138,617 | +€26,767 | +23.9% |
| Furniture and vehicles | 24 | €6,677 | €32,598 | +€25,921 | +388% |
| Current assets | 29/58 | €105,542 | €132,658 | +€27,116 | +25.7% |
| Amounts receivable after more than one year | 29 | €46,830 | €46,830 | = | 0.0% |
| Trade receivables | 290 | €46,830 | €46,830 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,899 | €59,555 | +€13,656 | +29.8% |
| Trade receivables | 40 | €9,105 | €26,442 | +€17,337 | +190% |
| Other amounts receivable | 41 | €36,794 | €33,113 | -€3,681 | -10.0% |
| Cash at bank and in hand | 54/58 | €10,783 | €25,733 | +€14,950 | +139% |
| Deferred charges and accrued income | 490/1 | €2,030 | €540 | -€1,490 | -73.4% |
| Total equity and liabilities | 10/49 | €224,069 | €309,317 | +€85,248 | +38.0% |
| Equity | 10/15 | €158,337 | €172,365 | +€14,028 | +8.9% |
| Contributions | 10/11 | €32,400 | €32,400 | = | 0.0% |
| Reserves | 13 | €125,937 | €139,965 | +€14,028 | +11.1% |
| Distributable reserves | 133 | €125,937 | €139,965 | +€14,028 | +11.1% |
| Amounts payable | 17/49 | €65,732 | €136,952 | +€71,219 | +108% |
| Amounts payable after more than one year | 17 | - | €22,655 | +€22,655 | |
| Financial debts | 170/4 | - | €22,655 | +€22,655 | |
| Amounts payable within one year | 42/48 | €65,482 | €114,047 | +€48,565 | +74.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,229 | +€6,229 | |
| Trade debts | 44 | €1,151 | €1,310 | +€159 | +13.8% |
| Suppliers | 440/4 | €1,151 | €1,310 | +€159 | +13.8% |
| Taxes, remuneration and social security | 45 | €7,635 | €35,242 | +€27,607 | +362% |
| Taxes | 450/3 | €5,235 | €31,732 | +€26,497 | +506% |
| Remuneration and social security | 454/9 | €2,400 | €3,510 | +€1,110 | +46.3% |
| Other amounts payable | 47/48 | €56,697 | €71,266 | +€14,570 | +25.7% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Non-recurring operating income | 76A | €14,014 | €5,503 | -€8,511 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,489 | €69,187 | +€28,698 | +70.9% |
| Other operating charges | 640/8 | €48,320 | €46,902 | -€1,418 | -2.9% |
| Non-recurring operating charges | 66A | €1,464 | - | -€1,464 | |
| Gross operating margin | 9900 | €109,051 | €159,692 | +€50,641 | +46.4% |
| Operating profit (loss) | 9901 | €18,778 | €43,603 | +€24,825 | +132% |
| Financial income | 75/76B | €73 | €405 | +€331 | +451% |
| Recurring financial income | 75 | €73 | €405 | +€331 | +451% |
| Financial charges | 65/66B | €5,174 | €4,834 | -€340 | -6.6% |
| Recurring financial charges | 65 | €5,174 | €4,834 | -€340 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €13,678 | €39,174 | +€25,496 | +186% |
| Income taxes | 67/77 | €4,048 | €25,145 | +€21,097 | +521% |
| Profit (loss) for the period | 9904 | €9,630 | €14,028 | +€4,399 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,630 | €14,028 | +€4,399 | +45.7% |
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.