SURGI-TEC: 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.
SURGI-TEC
Largest movements
- Cash +€75,061
up €75,061 (+918%), from €8,176 to €83,237
mainly Depreciation (+€119,795) and Receivables within one year (+€72,703)
- Receivables within one year -€72,703
down €72,703 (-24.9%), from €291,815 to €219,113
of which Other amounts receivable: -€49,073
- Current investments -€70,000
down €70,000 (-35.0%), from €200,000 to €130,000
- Stocks and contracts +€66,371
up €66,371 (+17.3%), from €383,451 to €449,822
- Tangible fixed assets +€50,342
up €50,342 (+65.5%), from €76,854 to €127,197
of which Furniture and vehicles: +€43,595
- Trade debts -€26,678
down €26,678 (-20.6%), from €129,524 to €102,846
- Tax, wage and social debts +€21,242
up €21,242 (+39.1%), from €54,356 to €75,598
of which Remuneration and social security: +€21,333
- Reserves +€15,592
up €15,592 (+135%), from €11,563 to €27,155
of which Distributable reserves: +€14,792
- Staff costs +€38,770
up €38,770 (+14.4%), from €269,415 to €308,185
- Gross operating margin +€23,405
up €23,405 (+5.4%), from €435,541 to €458,946
- Taxes -€19,096
down €19,096 (-97.9%), from €19,502 to €405
- Depreciation +€6,884
up €6,884 (+6.1%), from €112,910 to €119,795
- Financial income -€5,708
down €5,708 (-45.4%), from €12,570 to €6,861
of which Financial income: -€3,357
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 | €1,239,619 | €1,266,792 | +€27,173 | +2.2% |
| Fixed assets | 21/28 | €353,147 | €378,631 | +€25,484 | +7.2% |
| Intangible fixed assets | 21 | €276,292 | €251,434 | -€24,858 | -9.0% |
| Tangible fixed assets | 22/27 | €76,854 | €127,197 | +€50,342 | +65.5% |
| Plant, machinery and equipment | 23 | €49,312 | €33,343 | -€15,969 | -32.4% |
| Furniture and vehicles | 24 | €27,542 | €71,137 | +€43,595 | +158% |
| Other tangible fixed assets | 26 | - | €22,717 | +€22,717 | |
| Current assets | 29/58 | €886,472 | €888,161 | +€1,689 | +0.2% |
| Stocks and contracts in progress | 3 | €383,451 | €449,822 | +€66,371 | +17.3% |
| Stocks | 30/36 | €383,451 | €449,822 | +€66,371 | +17.3% |
| Amounts receivable within one year | 40/41 | €291,815 | €219,113 | -€72,703 | -24.9% |
| Trade receivables | 40 | €183,286 | €159,657 | -€23,629 | -12.9% |
| Other amounts receivable | 41 | €108,529 | €59,455 | -€49,073 | -45.2% |
| Current investments | 50/53 | €200,000 | €130,000 | -€70,000 | -35.0% |
| Cash at bank and in hand | 54/58 | €8,176 | €83,237 | +€75,061 | +918% |
| Deferred charges and accrued income | 490/1 | €3,029 | €5,989 | +€2,960 | +97.7% |
| Total equity and liabilities | 10/49 | €1,239,619 | €1,266,792 | +€27,173 | +2.2% |
| Equity | 10/15 | €701,761 | €717,353 | +€15,592 | +2.2% |
| Contributions | 10/11 | €690,198 | €690,198 | = | 0.0% |
| Capital | 10 | €690,198 | €690,198 | = | 0.0% |
| Issued capital | 100 | €690,198 | €690,198 | = | 0.0% |
| Reserves | 13 | €11,563 | €27,155 | +€15,592 | +135% |
| Non-distributable reserves | 130/1 | €580 | €1,380 | +€800 | +138% |
| Legal reserve | 130 | €580 | €1,380 | +€800 | +138% |
| Distributable reserves | 133 | €10,983 | €25,775 | +€14,792 | +135% |
| Amounts payable | 17/49 | €537,858 | €549,439 | +€11,581 | +2.2% |
| Amounts payable after more than one year | 17 | - | €12,632 | +€12,632 | |
| Financial debts | 170/4 | - | €12,632 | +€12,632 | |
| Amounts payable within one year | 42/48 | €537,858 | €536,807 | -€1,051 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €3,978 | €8,129 | +€4,151 | +104% |
| Financial debts | 43 | €350,000 | €350,234 | +€234 | +0.1% |
| Credit institutions | 430/8 | €350,000 | €350,234 | +€234 | +0.1% |
| Trade debts | 44 | €129,524 | €102,846 | -€26,678 | -20.6% |
| Suppliers | 440/4 | €129,524 | €102,846 | -€26,678 | -20.6% |
| Taxes, remuneration and social security | 45 | €54,356 | €75,598 | +€21,242 | +39.1% |
| Taxes | 450/3 | €21,714 | €21,623 | -€91 | -0.4% |
| Remuneration and social security | 454/9 | €32,642 | €53,975 | +€21,333 | +65.4% |
| Non-recurring operating income | 76A | - | €1,529 | +€1,529 | |
| Remuneration, social security and pensions | 62 | €269,415 | €308,185 | +€38,770 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,910 | €119,795 | +€6,884 | +6.1% |
| Other operating charges | 640/8 | €6,582 | €5,694 | -€889 | -13.5% |
| Gross operating margin | 9900 | €435,541 | €458,946 | +€23,405 | +5.4% |
| Operating profit (loss) | 9901 | €46,634 | €25,273 | -€21,361 | -45.8% |
| Financial income | 75/76B | €12,570 | €6,861 | -€5,708 | -45.4% |
| Recurring financial income | 75 | €10,218 | €6,861 | -€3,357 | -32.9% |
| Non-recurring financial income | 76B | €2,352 | - | -€2,352 | |
| Financial charges | 65/66B | €20,909 | €16,137 | -€4,772 | -22.8% |
| Recurring financial charges | 65 | €20,909 | €16,137 | -€4,772 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €38,295 | €15,997 | -€22,298 | -58.2% |
| Income taxes | 67/77 | €19,502 | €405 | -€19,096 | -97.9% |
| Profit (loss) for the period | 9904 | €18,793 | €15,592 | -€3,202 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,793 | €15,592 | -€3,202 | -17.0% |
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 29 October 2026 via checked.be.