SURKIJN: 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.
SURKIJN
Largest movements
- Receivables within one year -€153,019
down €153,019 (-42.6%), from €359,141 to €206,123
of which Trade receivables: -€148,262
- Cash +€124,145
up €124,145 (+26.8%), from €462,832 to €586,977
mainly Receivables within one year (+€153,019) and Net result for the year (+€104,080)
- Stocks and contracts +€29,141
up €29,141 (+17.1%), from €169,982 to €199,123
of which Contracts in progress: +€25,595
- Tangible fixed assets -€16,687
down €16,687 (-37.7%), from €44,306 to €27,619
of which Furniture and vehicles: -€12,276
- Trade debts -€51,076
down €51,076 (-25.1%), from €203,891 to €152,814
- Reserves +€47,429
up €47,429 (+8.8%), from €536,838 to €584,267
- Short-term financial debts -€28,380
down €28,380 (-67.8%), from €41,833 to €13,454
- Other debts +€16,925
up €16,925 (+45.7%), from €36,995 to €53,919
- Debts after one year -€11,763
down €11,763 (-62.7%), from €18,773 to €7,010
- Gross operating margin -€62,163
down €62,163 (-21.5%), from €289,798 to €227,635
- Taxes -€21,872
down €21,872 (-33.8%), from €64,796 to €42,924
- Staff costs +€7,703
up €7,703 (+15.6%), from €49,433 to €57,136
- Write-downs -€6,642
new in 2025: -€6,642
- Other operating charges +€6,236
up €6,236 (+448.9%), from €1,389 to €7,625
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 | €1,050,878 | €1,025,967 | -€24,911 | -2.4% |
| Fixed assets | 21/28 | €52,686 | €29,354 | -€23,332 | -44.3% |
| Tangible fixed assets | 22/27 | €44,306 | €27,619 | -€16,687 | -37.7% |
| Land and buildings | 22 | €647 | €324 | -€324 | -50.0% |
| Plant, machinery and equipment | 23 | €9,720 | €5,633 | -€4,087 | -42.1% |
| Furniture and vehicles | 24 | €33,939 | €21,663 | -€12,276 | -36.2% |
| Financial fixed assets | 28 | €8,380 | €1,734 | -€6,645 | -79.3% |
| Current assets | 29/58 | €998,193 | €996,613 | -€1,580 | -0.2% |
| Stocks and contracts in progress | 3 | €169,982 | €199,123 | +€29,141 | +17.1% |
| Stocks | 30/36 | €32,186 | €35,732 | +€3,546 | +11.0% |
| Contracts in progress | 37 | €137,796 | €163,391 | +€25,595 | +18.6% |
| Amounts receivable within one year | 40/41 | €359,141 | €206,123 | -€153,019 | -42.6% |
| Trade receivables | 40 | €309,741 | €161,479 | -€148,262 | -47.9% |
| Other amounts receivable | 41 | €49,400 | €44,644 | -€4,757 | -9.6% |
| Cash at bank and in hand | 54/58 | €462,832 | €586,977 | +€124,145 | +26.8% |
| Deferred charges and accrued income | 490/1 | €6,237 | €4,390 | -€1,847 | -29.6% |
| Total equity and liabilities | 10/49 | €1,050,878 | €1,025,967 | -€24,911 | -2.4% |
| Equity | 10/15 | €686,838 | €734,267 | +€47,429 | +6.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €536,838 | €584,267 | +€47,429 | +8.8% |
| Distributable reserves | 133 | €536,838 | €584,267 | +€47,429 | +8.8% |
| Amounts payable | 17/49 | €364,040 | €291,700 | -€72,341 | -19.9% |
| Amounts payable after more than one year | 17 | €18,773 | €7,010 | -€11,763 | -62.7% |
| Financial debts | 170/4 | €18,773 | €7,010 | -€11,763 | -62.7% |
| Amounts payable within one year | 42/48 | €345,267 | €284,159 | -€61,108 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €11,449 | €11,763 | +€314 | +2.7% |
| Financial debts | 43 | €41,833 | €13,454 | -€28,380 | -67.8% |
| Credit institutions | 430/8 | €41,833 | €13,454 | -€28,380 | -67.8% |
| Trade debts | 44 | €203,891 | €152,814 | -€51,076 | -25.1% |
| Suppliers | 440/4 | €203,891 | €152,814 | -€51,076 | -25.1% |
| Advances received on contracts in progress | 46 | €14,896 | €14,896 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €36,203 | €37,313 | +€1,110 | +3.1% |
| Taxes | 450/3 | €27,754 | €28,471 | +€717 | +2.6% |
| Remuneration and social security | 454/9 | €8,449 | €8,842 | +€393 | +4.7% |
| Other amounts payable | 47/48 | €36,995 | €53,919 | +€16,925 | +45.7% |
| Accrued charges and deferred income | 492/3 | - | €530 | +€530 | |
| Non-recurring operating income | 76A | €850 | - | -€850 | |
| Remuneration, social security and pensions | 62 | €49,433 | €57,136 | +€7,703 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,965 | €18,244 | +€1,279 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,642 | -€6,642 | |
| Other operating charges | 640/8 | €1,389 | €7,625 | +€6,236 | +448.9% |
| Gross operating margin | 9900 | €289,798 | €227,635 | -€62,163 | -21.5% |
| Operating profit (loss) | 9901 | €222,011 | €151,272 | -€70,739 | -31.9% |
| Financial income | 75/76B | €19 | €3 | -€16 | -86.0% |
| Recurring financial income | 75 | €19 | €3 | -€16 | -86.0% |
| Financial charges | 65/66B | €5,696 | €4,271 | -€1,425 | -25.0% |
| Recurring financial charges | 65 | €5,696 | €4,271 | -€1,425 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €216,334 | €147,004 | -€69,330 | -32.0% |
| Income taxes | 67/77 | €64,796 | €42,924 | -€21,872 | -33.8% |
| Profit (loss) for the period | 9904 | €151,537 | €104,080 | -€47,457 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,537 | €104,080 | -€47,457 | -31.3% |
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 1 October 2026 via checked.be.