SURMA: 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.
SURMA
Largest movements
- Cash -€47,891
down €47,891 (-66.4%), from €72,133 to €24,242
mainly Other debts (-€17,264) and Net result for the year (-€16,167)
- Receivables within one year -€11,521
down €11,521 (-17.3%), from €66,782 to €55,260
of which Trade receivables: -€8,102
- Tangible fixed assets -€5,965
down €5,965 (-41.3%), from €14,449 to €8,484
of which Furniture and vehicles: -€4,229
- Stocks and contracts +€3,607
new in 2025: €3,607
- Other debts -€17,264
down €17,264 (-78.0%), from €22,128 to €4,864
- Profit (loss) carried forward -€16,167
down €16,167 (-24.5%), from €66,079 to €49,911
- Debts after one year -€16,142
no longer reported in 2025 (was €16,142)
of which Other amounts payable: -€15,000
- Trade debts -€9,601
down €9,601 (-98.2%), from €9,775 to €174
- Current portion of long-term debt -€3,260
down €3,260 (-74.1%), from €4,402 to €1,142
- Turnover -€404,874
no longer reported in 2025 (was €404,874)
- Purchases and services -€324,985
no longer reported in 2025 (was €324,985)
- Gross operating margin -€88,848
down €88,848, from €80,839 to -€8,008
- Taxes -€19,715
no longer reported in 2025 (was €19,715)
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 | €153,829 | €91,983 | -€61,846 | -40.2% |
| Fixed assets | 21/28 | €14,614 | €8,649 | -€5,965 | -40.8% |
| Tangible fixed assets | 22/27 | €14,449 | €8,484 | -€5,965 | -41.3% |
| Plant, machinery and equipment | 23 | €6,944 | €5,208 | -€1,736 | -25.0% |
| Furniture and vehicles | 24 | €7,505 | €3,276 | -€4,229 | -56.3% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €139,215 | €83,334 | -€55,881 | -40.1% |
| Stocks and contracts in progress | 3 | - | €3,607 | +€3,607 | |
| Stocks | 30/36 | - | €3,607 | +€3,607 | |
| Amounts receivable within one year | 40/41 | €66,782 | €55,260 | -€11,521 | -17.3% |
| Trade receivables | 40 | €52,671 | €44,569 | -€8,102 | -15.4% |
| Other amounts receivable | 41 | €14,110 | €10,691 | -€3,419 | -24.2% |
| Cash at bank and in hand | 54/58 | €72,133 | €24,242 | -€47,891 | -66.4% |
| Deferred charges and accrued income | 490/1 | €300 | €225 | -€75 | -25.0% |
| Total equity and liabilities | 10/49 | €153,829 | €91,983 | -€61,846 | -40.2% |
| Equity | 10/15 | €81,079 | €64,911 | -€16,167 | -19.9% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,079 | €49,911 | -€16,167 | -24.5% |
| Amounts payable | 17/49 | €72,750 | €27,072 | -€45,678 | -62.8% |
| Amounts payable after more than one year | 17 | €16,142 | - | -€16,142 | |
| Financial debts | 170/4 | €1,142 | - | -€1,142 | |
| Other amounts payable | 178/9 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €56,608 | €27,072 | -€29,536 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €4,402 | €1,142 | -€3,260 | -74.1% |
| Trade debts | 44 | €9,775 | €174 | -€9,601 | -98.2% |
| Suppliers | 440/4 | €9,775 | €174 | -€9,601 | -98.2% |
| Taxes, remuneration and social security | 45 | €20,303 | €20,892 | +€589 | +2.9% |
| Taxes | 450/3 | €20,303 | €16,490 | -€3,813 | -18.8% |
| Remuneration and social security | 454/9 | - | €4,402 | +€4,402 | |
| Other amounts payable | 47/48 | €22,128 | €4,864 | -€17,264 | -78.0% |
| Turnover | 70 | €404,874 | - | -€404,874 | |
| Non-recurring operating income | 76A | €950 | - | -€950 | |
| Goods, raw materials, services and sundry goods | 60/61 | €324,985 | - | -€324,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,965 | €5,965 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,435 | €1,494 | +€59 | +4.1% |
| Gross operating margin | 9900 | €80,839 | -€8,008 | -€88,848 | |
| Operating profit (loss) | 9901 | €73,440 | -€15,467 | -€88,907 | |
| Financial income | 75/76B | €50 | €29 | -€21 | -41.9% |
| Recurring financial income | 75 | €50 | €29 | -€21 | -41.9% |
| Financial charges | 65/66B | €988 | €729 | -€259 | -26.2% |
| Recurring financial charges | 65 | €988 | €729 | -€259 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €72,501 | -€16,167 | -€88,669 | |
| Income taxes | 67/77 | €19,715 | - | -€19,715 | |
| Profit (loss) for the period | 9904 | €52,787 | -€16,167 | -€68,954 | |
| Transfer to tax-exempt reserves | 689 | €15,000 | - | -€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,787 | -€16,167 | -€53,954 |
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 29 September 2026 via checked.be.