SURGIPATH: 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.
SURGIPATH
Largest movements
- Current investments +€120,692
up €120,692 (+121%), from €100,014 to €220,705
- Cash -€51,422
down €51,422 (-54.5%), from €94,430 to €43,008
mainly Current investments (-€120,692) and Provisions (-€50,000)
- Receivables within one year +€21,625
up €21,625 (+430%), from €5,033 to €26,658
of which Other amounts receivable: +€23,658
- Tangible fixed assets -€14,693
down €14,693 (-25.8%), from €57,037 to €42,344
of which Furniture and vehicles: -€14,473
- Reserves +€123,695
up €123,695 (+77.4%), from €159,768 to €283,462
of which Distributable reserves: +€71,070
- Provisions -€50,000
down €50,000 (-100%), from €50,000 to €0
- Other debts -€11,655
down €11,655 (-16.1%), from €72,376 to €60,722
- Tax, wage and social debts +€7,107
new in 2025: €7,107
- Accrued charges and deferred income +€3,988
up €3,988 (+599%), from €666 to €4,654
- Provisions -€100,000
down €100,000, from €50,000 to -€50,000
- Gross operating margin -€88,031
down €88,031 (-32.2%), from €273,357 to €185,327
- Financial charges +€55,428
up €55,428 (+1,741%), from €3,184 to €58,612
- Financial income +€5,260
up €5,260 (+24,544%), from €21 to €5,281
- Taxes -€3,911
down €3,911 (-8.3%), from €47,006 to €43,095
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 | €288,915 | €361,508 | +€72,592 | +25.1% |
| Fixed assets | 21/28 | €57,037 | €42,344 | -€14,693 | -25.8% |
| Tangible fixed assets | 22/27 | €57,037 | €42,344 | -€14,693 | -25.8% |
| Plant, machinery and equipment | 23 | €1,974 | €1,754 | -€219 | -11.1% |
| Furniture and vehicles | 24 | €55,063 | €40,590 | -€14,473 | -26.3% |
| Current assets | 29/58 | €231,878 | €319,163 | +€87,285 | +37.6% |
| Amounts receivable within one year | 40/41 | €5,033 | €26,658 | +€21,625 | +430% |
| Trade receivables | 40 | €2,033 | €0 | -€2,033 | -100% |
| Other amounts receivable | 41 | €3,000 | €26,658 | +€23,658 | +789% |
| Current investments | 50/53 | €100,014 | €220,705 | +€120,692 | +121% |
| Cash at bank and in hand | 54/58 | €94,430 | €43,008 | -€51,422 | -54.5% |
| Deferred charges and accrued income | 490/1 | €32,401 | €28,792 | -€3,610 | -11.1% |
| Total equity and liabilities | 10/49 | €288,915 | €361,508 | +€72,592 | +25.1% |
| Equity | 10/15 | €164,768 | €288,462 | +€123,695 | +75.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €159,768 | €283,462 | +€123,695 | +77.4% |
| Tax-exempt reserves | 132 | - | €52,625 | +€52,625 | |
| Distributable reserves | 133 | €159,768 | €230,837 | +€71,070 | +44.5% |
| Provisions and deferred taxes | 16 | €50,000 | €0 | -€50,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €0 | -€50,000 | -100% |
| Other liabilities and charges | 164/5 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable | 17/49 | €74,148 | €73,045 | -€1,102 | -1.5% |
| Amounts payable within one year | 42/48 | €73,482 | €68,391 | -€5,091 | -6.9% |
| Trade debts | 44 | €1,106 | €563 | -€543 | -49.1% |
| Suppliers | 440/4 | €1,106 | €563 | -€543 | -49.1% |
| Taxes, remuneration and social security | 45 | - | €7,107 | +€7,107 | |
| Taxes | 450/3 | - | €7,107 | +€7,107 | |
| Other amounts payable | 47/48 | €72,376 | €60,722 | -€11,655 | -16.1% |
| Accrued charges and deferred income | 492/3 | €666 | €4,654 | +€3,988 | +599% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,429 | €14,693 | +€2,263 | +18.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,000 | -€50,000 | -€100,000 | |
| Other operating charges | 640/8 | €992 | €514 | -€478 | -48.2% |
| Gross operating margin | 9900 | €273,357 | €185,327 | -€88,031 | -32.2% |
| Operating profit (loss) | 9901 | €209,936 | €220,120 | +€10,184 | +4.9% |
| Financial income | 75/76B | €21 | €5,281 | +€5,260 | +24,544% |
| Recurring financial income | 75 | €21 | €5,281 | +€5,260 | +24,544% |
| Financial charges | 65/66B | €3,184 | €58,612 | +€55,428 | +1,741% |
| Recurring financial charges | 65 | €3,184 | €58,612 | +€55,428 | +1,741% |
| Profit (loss) for the period before taxes | 9903 | €206,774 | €166,789 | -€39,984 | -19.3% |
| Income taxes | 67/77 | €47,006 | €43,095 | -€3,911 | -8.3% |
| Profit (loss) for the period | 9904 | €159,768 | €123,695 | -€36,073 | -22.6% |
| Transfer to tax-exempt reserves | 689 | - | €52,625 | +€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €159,768 | €71,070 | -€88,698 | -55.5% |
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 20 October 2026 via checked.be.