SURGIMMO: 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.
SURGIMMO
Largest movements
- Tangible fixed assets -€80,190
down €80,190 (-2.4%), from €3.4m to €3.3m
of which Land and buildings: -€108,060
- Deferred charges and accrued income -€47,790
down €47,790 (-61.3%), from €77,982 to €30,192
- Cash -€39,205
down €39,205 (-12.4%), from €315,277 to €276,073
mainly Debts after one year (-€205,741) and Contributions, distributions and other (-€158,472)
- Debts after one year -€205,741
down €205,741 (-9.0%), from €2.3m to €2.1m
- Other debts +€72,081
up €72,081 (+52.3%), from €137,727 to €209,807
- Current portion of long-term debt -€62,879
down €62,879 (-91.6%), from €68,620 to €5,741
- Accrued charges and deferred income -€58,433
down €58,433 (-98.1%), from €59,544 to €1,111
- Reserves +€43,637
up €43,637 (+7.4%), from €590,181 to €633,818
- Gross operating margin +€44,515
up €44,515 (+8.6%), from €519,209 to €563,724
- Taxes +€28,270
up €28,270 (+52.3%), from €54,019 to €82,289
- Depreciation -€13,386
down €13,386 (-7.3%), from €183,916 to €170,530
- Financial charges -€11,480
down €11,480 (-14.0%), from €82,283 to €70,803
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 | €3,859,617 | €3,694,307 | -€165,310 | -4.3% |
| Fixed assets | 21/28 | €3,406,452 | €3,326,262 | -€80,190 | -2.4% |
| Tangible fixed assets | 22/27 | €3,406,452 | €3,326,262 | -€80,190 | -2.4% |
| Land and buildings | 22 | €3,004,804 | €2,896,744 | -€108,060 | -3.6% |
| Other tangible fixed assets | 26 | €401,648 | €429,518 | +€27,870 | +6.9% |
| Current assets | 29/58 | €453,165 | €368,045 | -€85,120 | -18.8% |
| Amounts receivable within one year | 40/41 | €59,906 | €61,781 | +€1,875 | +3.1% |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | €59,906 | €60,981 | +€1,075 | +1.8% |
| Cash at bank and in hand | 54/58 | €315,277 | €276,073 | -€39,205 | -12.4% |
| Deferred charges and accrued income | 490/1 | €77,982 | €30,192 | -€47,790 | -61.3% |
| Total equity and liabilities | 10/49 | €3,859,617 | €3,694,307 | -€165,310 | -4.3% |
| Equity | 10/15 | €1,234,854 | €1,278,491 | +€43,637 | +3.5% |
| Contributions | 10/11 | €337,880 | €337,880 | = | 0.0% |
| Reserves | 13 | €590,181 | €633,818 | +€43,637 | +7.4% |
| Distributable reserves | 133 | €590,181 | €633,818 | +€43,637 | +7.4% |
| Profit (loss) carried forward | 14 | €306,793 | €306,793 | +€0 | 0.0% |
| Amounts payable | 17/49 | €2,624,763 | €2,415,816 | -€208,948 | -8.0% |
| Amounts payable after more than one year | 17 | €2,286,672 | €2,080,931 | -€205,741 | -9.0% |
| Financial debts | 170/4 | €2,286,672 | €2,080,931 | -€205,741 | -9.0% |
| Amounts payable within one year | 42/48 | €278,547 | €333,773 | +€55,227 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €68,620 | €5,741 | -€62,879 | -91.6% |
| Trade debts | 44 | €258 | €17,109 | +€16,850 | +6521.5% |
| Suppliers | 440/4 | €258 | €17,109 | +€16,850 | +6521.5% |
| Taxes, remuneration and social security | 45 | €71,941 | €101,116 | +€29,174 | +40.6% |
| Taxes | 450/3 | €71,941 | €101,116 | +€29,174 | +40.6% |
| Other amounts payable | 47/48 | €137,727 | €209,807 | +€72,081 | +52.3% |
| Accrued charges and deferred income | 492/3 | €59,544 | €1,111 | -€58,433 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,916 | €170,530 | -€13,386 | -7.3% |
| Other operating charges | 640/8 | €36,963 | €37,992 | +€1,029 | +2.8% |
| Gross operating margin | 9900 | €519,209 | €563,724 | +€44,515 | +8.6% |
| Operating profit (loss) | 9901 | €298,330 | €355,202 | +€56,871 | +19.1% |
| Financial charges | 65/66B | €82,283 | €70,803 | -€11,480 | -14.0% |
| Recurring financial charges | 65 | €82,283 | €70,803 | -€11,480 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €216,047 | €284,399 | +€68,351 | +31.6% |
| Income taxes | 67/77 | €54,019 | €82,289 | +€28,270 | +52.3% |
| Profit (loss) for the period | 9904 | €162,028 | €202,110 | +€40,082 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €162,028 | €202,110 | +€40,082 | +24.7% |
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.