SurgiMère: 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.
SurgiMère
Largest movements
- Tangible fixed assets +€438,436
up €438,436 (+86,871%), from €505 to €438,940
of which Land and buildings: +€390,344
- Cash -€205,904
down €205,904 (-53.0%), from €388,214 to €182,310
mainly Investment in fixed assets (net) (-€458,320) and Other debts (-€108,624)
- Deferred charges and accrued income -€27,024
down €27,024 (-73.8%), from €36,607 to €9,583
- Receivables within one year +€18,519
up €18,519 (+69.0%), from €26,845 to €45,364
of which Other amounts receivable: +€12,848
- Debts after one year +€325,776
new in 2025: €325,776
of which Financial debts: +€324,311
- Other debts -€108,624
down €108,624 (-99.5%), from €109,205 to €582
- Current portion of long-term debt +€19,023
new in 2025: €19,023
- Profit (loss) carried forward -€8,607
down €8,607, from €0 to -€8,607
- Gross operating margin -€120,484
down €120,484 (-84.7%), from €142,192 to €21,707
- Taxes -€31,301
down €31,301 (-99.6%), from €31,433 to €132
- Depreciation +€18,831
up €18,831 (+1,789%), from €1,053 to €19,884
- Financial charges +€7,408
up €7,408 (+2,244%), from €330 to €7,738
- Other operating charges +€1,952
up €1,952 (+292%), from €669 to €2,621
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 | €452,171 | €676,197 | +€224,026 | +49.5% |
| Fixed assets | 21/28 | €505 | €438,940 | +€438,436 | +86,871% |
| Tangible fixed assets | 22/27 | €505 | €438,940 | +€438,436 | +86,871% |
| Land and buildings | 22 | - | €390,344 | +€390,344 | |
| Plant, machinery and equipment | 23 | - | €39,842 | +€39,842 | |
| Furniture and vehicles | 24 | €505 | €4,243 | +€3,738 | +741% |
| Other tangible fixed assets | 26 | - | €4,512 | +€4,512 | |
| Current assets | 29/58 | €451,666 | €237,256 | -€214,410 | -47.5% |
| Amounts receivable within one year | 40/41 | €26,845 | €45,364 | +€18,519 | +69.0% |
| Trade receivables | 40 | €1,258 | €6,928 | +€5,671 | +451% |
| Other amounts receivable | 41 | €25,588 | €38,435 | +€12,848 | +50.2% |
| Cash at bank and in hand | 54/58 | €388,214 | €182,310 | -€205,904 | -53.0% |
| Deferred charges and accrued income | 490/1 | €36,607 | €9,583 | -€27,024 | -73.8% |
| Total equity and liabilities | 10/49 | €452,171 | €676,197 | +€224,026 | +49.5% |
| Equity | 10/15 | €331,701 | €323,094 | -€8,607 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,101 | €313,101 | = | 0.0% |
| Distributable reserves | 133 | €313,101 | €313,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€8,607 | -€8,607 | |
| Amounts payable | 17/49 | €120,470 | €353,103 | +€232,633 | +193% |
| Amounts payable after more than one year | 17 | - | €325,776 | +€325,776 | |
| Financial debts | 170/4 | - | €324,311 | +€324,311 | |
| Other amounts payable | 178/9 | - | €1,465 | +€1,465 | |
| Amounts payable within one year | 42/48 | €120,470 | €27,326 | -€93,143 | -77.3% |
| Current portion of amounts payable after more than one year | 42 | - | €19,023 | +€19,023 | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €4,193 | €3,919 | -€274 | -6.5% |
| Suppliers | 440/4 | €4,193 | €3,919 | -€274 | -6.5% |
| Advances received on contracts in progress | 46 | - | €302 | +€302 | |
| Taxes, remuneration and social security | 45 | €7,071 | €3,501 | -€3,570 | -50.5% |
| Taxes | 450/3 | €1,509 | €1,647 | +€138 | +9.1% |
| Remuneration and social security | 454/9 | €5,562 | €1,854 | -€3,708 | -66.7% |
| Other amounts payable | 47/48 | €109,205 | €582 | -€108,624 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €19,884 | +€18,831 | +1,789% |
| Other operating charges | 640/8 | €669 | €2,621 | +€1,952 | +292% |
| Gross operating margin | 9900 | €142,192 | €21,707 | -€120,484 | -84.7% |
| Operating profit (loss) | 9901 | €140,470 | -€797 | -€141,268 | |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €330 | €7,738 | +€7,408 | +2,244% |
| Recurring financial charges | 65 | €330 | €7,738 | +€7,408 | +2,244% |
| Profit (loss) for the period before taxes | 9903 | €140,140 | -€8,475 | -€148,615 | |
| Income taxes | 67/77 | €31,433 | €132 | -€31,301 | -99.6% |
| Profit (loss) for the period | 9904 | €108,707 | -€8,607 | -€117,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,707 | -€8,607 | -€117,315 |
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 22 October 2026 via checked.be.