SURO: 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.
SURO
Largest movements
- Cash +€94,198
up €94,198 (+94.2%), from €99,958 to €194,156
mainly Current investments (+€50,000) and Net result for the year (+€26,065)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets -€14,868
down €14,868 (-4.7%), from €319,464 to €304,596
of which Land and buildings: -€14,724
- Reserves +€26,065
up €26,065 (+64.3%), from €40,511 to €66,576
of which Distributable reserves: +€26,065
- Gross operating margin +€12,451
up €12,451 (+31.3%), from €39,823 to €52,274
- Depreciation -€1,318
down €1,318 (-8.1%), from €16,186 to €14,868
- Financial income -€1,238
down €1,238 (-95.1%), from €1,302 to €63
- Taxes +€1,106
up €1,106 (+73.7%), from €1,501 to €2,607
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 | €480,153 | €507,844 | +€27,691 | +5.8% |
| Fixed assets | 21/28 | €319,464 | €304,596 | -€14,868 | -4.7% |
| Tangible fixed assets | 22/27 | €319,464 | €304,596 | -€14,868 | -4.7% |
| Land and buildings | 22 | €318,355 | €303,631 | -€14,724 | -4.6% |
| Plant, machinery and equipment | 23 | €1,109 | €966 | -€143 | -12.9% |
| Current assets | 29/58 | €160,689 | €203,248 | +€42,559 | +26.5% |
| Stocks and contracts in progress | 3 | €4,859 | €4,859 | = | 0.0% |
| Stocks | 30/36 | €4,859 | €4,859 | = | 0.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €99,958 | €194,156 | +€94,198 | +94.2% |
| Deferred charges and accrued income | 490/1 | €5,872 | €4,233 | -€1,639 | -27.9% |
| Total equity and liabilities | 10/49 | €480,153 | €507,844 | +€27,691 | +5.8% |
| Equity | 10/15 | €464,745 | €490,810 | +€26,065 | +5.6% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €40,511 | €66,576 | +€26,065 | +64.3% |
| Non-distributable reserves | 130/1 | €645 | €645 | = | 0.0% |
| Legal reserve | 130 | €645 | €645 | = | 0.0% |
| Distributable reserves | 133 | €39,866 | €65,932 | +€26,065 | +65.4% |
| Profit (loss) carried forward | 14 | -€225,766 | -€225,766 | = | 0.0% |
| Amounts payable | 17/49 | €15,409 | €17,034 | +€1,625 | +10.5% |
| Amounts payable within one year | 42/48 | €9,268 | €12,034 | +€2,766 | +29.8% |
| Trade debts | 44 | €5,395 | €4,934 | -€461 | -8.5% |
| Suppliers | 440/4 | €5,395 | €4,934 | -€461 | -8.5% |
| Taxes, remuneration and social security | 45 | €1,258 | €3,870 | +€2,612 | +207.6% |
| Taxes | 450/3 | €1,258 | €3,870 | +€2,612 | +207.6% |
| Other amounts payable | 47/48 | €2,615 | €3,230 | +€615 | +23.5% |
| Accrued charges and deferred income | 492/3 | €6,140 | €5,000 | -€1,140 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,186 | €14,868 | -€1,318 | -8.1% |
| Other operating charges | 640/8 | €8,197 | €8,443 | +€246 | +3.0% |
| Gross operating margin | 9900 | €39,823 | €52,274 | +€12,451 | +31.3% |
| Operating profit (loss) | 9901 | €15,440 | €28,963 | +€13,524 | +87.6% |
| Financial income | 75/76B | €1,302 | €63 | -€1,238 | -95.1% |
| Recurring financial income | 75 | €1,302 | €63 | -€1,238 | -95.1% |
| Financial charges | 65/66B | €235 | €355 | +€120 | +50.8% |
| Recurring financial charges | 65 | €235 | €355 | +€120 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €16,506 | €28,672 | +€12,166 | +73.7% |
| Income taxes | 67/77 | €1,501 | €2,607 | +€1,106 | +73.7% |
| Profit (loss) for the period | 9904 | €15,006 | €26,065 | +€11,060 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,006 | €26,065 | +€11,060 | +73.7% |
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 4 October 2026 via checked.be.