SURSUM & CORDA: 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.
SURSUM & CORDA
Largest movements
- Receivables within one year +€4,730
up €4,730 (+11.9%), from €39,785 to €44,515
of which Trade receivables: +€4,220
- Tangible fixed assets -€3,238
down €3,238 (-25.3%), from €12,776 to €9,537
- Profit (loss) carried forward -€3,791
down €3,791 (-3.4%), from -€111,118 to -€114,909
- Other debts +€3,789
up €3,789, from €0 to €3,789
- Trade debts +€1,278
up €1,278 (+4.2%), from €30,132 to €31,409
- Short-term financial debts -€598
down €598 (-5.7%), from €10,427 to €9,829
- Gross operating margin +€15,781
up €15,781, from -€14,619 to €1,162
- Turnover +€10,723
new in 2024: €10,723
- Purchases and services +€9,561
new in 2024: €9,561
- Financial charges +€1,493
up €1,493 (+675%), from €221 to €1,714
- Other operating charges -€235
no longer reported in 2024 (was €235)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,351 | €54,054 | +€703 | +1.3% |
| Fixed assets | 21/28 | €12,776 | €9,537 | -€3,238 | -25.3% |
| Tangible fixed assets | 22/27 | €12,776 | €9,537 | -€3,238 | -25.3% |
| Furniture and vehicles | 24 | €12,776 | €9,537 | -€3,238 | -25.3% |
| Current assets | 29/58 | €40,575 | €44,516 | +€3,941 | +9.7% |
| Stocks and contracts in progress | 3 | €287 | - | -€287 | |
| Stocks | 30/36 | €287 | - | -€287 | |
| Amounts receivable within one year | 40/41 | €39,785 | €44,515 | +€4,730 | +11.9% |
| Trade receivables | 40 | €39,176 | €43,397 | +€4,220 | +10.8% |
| Other amounts receivable | 41 | €609 | €1,119 | +€510 | +83.8% |
| Cash at bank and in hand | 54/58 | €502 | - | -€502 | |
| Deferred charges and accrued income | 490/1 | €1 | €1 | = | 0.0% |
| Total equity and liabilities | 10/49 | €53,351 | €54,054 | +€703 | +1.3% |
| Equity | 10/15 | -€90,658 | -€94,449 | -€3,791 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,118 | -€114,909 | -€3,791 | -3.4% |
| Amounts payable | 17/49 | €144,009 | €148,502 | +€4,493 | +3.1% |
| Amounts payable after more than one year | 17 | €103,301 | €103,301 | = | 0.0% |
| Financial debts | 170/4 | €103,301 | €103,301 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,708 | €45,201 | +€4,493 | +11.0% |
| Financial debts | 43 | €10,427 | €9,829 | -€598 | -5.7% |
| Credit institutions | 430/8 | €10,427 | €9,829 | -€598 | -5.7% |
| Trade debts | 44 | €30,132 | €31,409 | +€1,278 | +4.2% |
| Suppliers | 440/4 | €30,132 | €31,409 | +€1,278 | +4.2% |
| Taxes, remuneration and social security | 45 | €149 | €174 | +€24 | +16.3% |
| Taxes | 450/3 | €149 | €174 | +€24 | +16.3% |
| Other amounts payable | 47/48 | €0 | €3,789 | +€3,789 | |
| Turnover | 70 | - | €10,723 | +€10,723 | |
| Non-recurring operating income | 76A | €1,810 | - | -€1,810 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,561 | +€9,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,238 | €3,238 | = | 0.0% |
| Other operating charges | 640/8 | €235 | - | -€235 | |
| Gross operating margin | 9900 | -€14,619 | €1,162 | +€15,781 | |
| Operating profit (loss) | 9901 | -€18,092 | -€2,076 | +€16,016 | +88.5% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €221 | €1,714 | +€1,493 | +675% |
| Recurring financial charges | 65 | €221 | €1,714 | +€1,493 | +675% |
| Profit (loss) for the period before taxes | 9903 | -€18,301 | -€3,791 | +€14,510 | +79.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,301 | -€3,791 | +€14,510 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,301 | -€3,791 | +€14,510 | +79.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.