SURTECHNO: 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.
What changed
SURTECHNO
NACE 25.639, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€151,251
2023 · €195,786-€44,535
Equity
€664,990
2023 · €653,739+€11,251
Cash
€122,975
2023 · €112,042+€10,933
Balance sheet total
€3.3m
2023 · €2.9m+€424,884
Largest movements
Assets
- Receivables within one year +€577,687
up €577,687 (+35.0%), from €1.6m to €2.2m
of which Trade receivables: +€571,252
- Deferred charges and accrued income -€62,417
down €62,417 (-69.7%), from €89,521 to €27,105
- Formation expenses -€50,000
down €50,000 (-31.7%), from €157,671 to €107,671
- Tangible fixed assets -€35,768
down €35,768 (-7.2%), from €496,241 to €460,473
of which Furniture and vehicles: -€37,670
- Stocks and contracts -€35,137
down €35,137 (-9.9%), from €355,494 to €320,357
of which Contracts in progress: -€67,170
Equity and liabilities
- Accrued charges and deferred income +€441,462
up €441,462 (+132110.9%), from €334 to €441,796
- Short-term financial debts +€85,384
up €85,384 (+15.0%), from €568,574 to €653,959
- Trade debts -€68,888
down €68,888 (-8.1%), from €847,161 to €778,273
Income statement
- Staff costs -€121,030
down €121,030 (-5.9%), from €2.0m to €1.9m
- Gross operating margin -€116,830
down €116,830 (-4.8%), from €2.4m to €2.3m
- Financial charges +€43,480
up €43,480 (+119.1%), from €36,499 to €79,979
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.
Result 2023
€195,786
Gross operating margin
-€116,830
Staff costs
+€121,030
Depreciation
-€10,709
Other operating charges
-€334
Financial income
+€625
Financial charges
-€43,480
Taxes
+€5,162
Result 2024
€151,251
Cash bridge derived
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.
From operations
+€188,295
Investment
-€96,663
Financing
-€80,698
Cash 2023
€112,042
From operations (derived)
+€188,295
Net result for the year
+€151,251
Depreciation
+€162,846
Stocks and contracts
+€35,137
Receivables within one year
-€577,687
Deferred charges and accrued income
+€62,417
Trade debts
-€68,888
Tax, wage and social debts
-€3,244
Other debts
-€15,000
Accrued charges and deferred income
+€441,462
Investment (derived)
-€96,663
Investment in fixed assets (net)
-€96,663
Financing
-€80,698
Debts after one year
-€12,181
Current portion of long-term debt
-€13,902
Short-term financial debts
+€85,384
Contributions, distributions and other
-€140,000
Cash 2024
€122,975
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,867,851 | €3,292,735 | +€424,884 | +14.8% |
| Formation expenses | 20 | €157,671 | €107,671 | -€50,000 | -31.7% |
| Fixed assets | 21/28 | €503,186 | €487,003 | -€16,183 | -3.2% |
| Intangible fixed assets | 21 | €6,944 | €26,530 | +€19,585 | +282.0% |
| Tangible fixed assets | 22/27 | €496,241 | €460,473 | -€35,768 | -7.2% |
| Plant, machinery and equipment | 23 | €247,564 | €253,954 | +€6,390 | +2.6% |
| Furniture and vehicles | 24 | €237,768 | €200,098 | -€37,670 | -15.8% |
| Leasing and similar rights | 25 | €5,094 | €1,873 | -€3,221 | -63.2% |
| Other tangible fixed assets | 26 | €5,815 | €4,548 | -€1,267 | -21.8% |
| Current assets | 29/58 | €2,206,994 | €2,698,061 | +€491,067 | +22.3% |
| Stocks and contracts in progress | 3 | €355,494 | €320,357 | -€35,137 | -9.9% |
| Stocks | 30/36 | €173,918 | €205,951 | +€32,033 | +18.4% |
| Contracts in progress | 37 | €181,576 | €114,406 | -€67,170 | -37.0% |
| Amounts receivable within one year | 40/41 | €1,649,937 | €2,227,624 | +€577,687 | +35.0% |
| Trade receivables | 40 | €866,678 | €1,437,930 | +€571,252 | +65.9% |
| Other amounts receivable | 41 | €783,260 | €789,695 | +€6,435 | +0.8% |
| Cash at bank and in hand | 54/58 | €112,042 | €122,975 | +€10,933 | +9.8% |
| Deferred charges and accrued income | 490/1 | €89,521 | €27,105 | -€62,417 | -69.7% |
| Total equity and liabilities | 10/49 | €2,867,851 | €3,292,735 | +€424,884 | +14.8% |
| Equity | 10/15 | €653,739 | €664,990 | +€11,251 | +1.7% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €590,739 | €601,990 | +€11,251 | +1.9% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €584,439 | €595,690 | +€11,251 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,214,112 | €2,627,746 | +€413,633 | +18.7% |
| Amounts payable after more than one year | 17 | €205,451 | €193,270 | -€12,181 | -5.9% |
| Financial debts | 170/4 | €205,451 | €193,270 | -€12,181 | -5.9% |
| Amounts payable within one year | 42/48 | €2,008,327 | €1,992,679 | -€15,648 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €96,756 | €82,854 | -€13,902 | -14.4% |
| Financial debts | 43 | €568,574 | €653,959 | +€85,384 | +15.0% |
| Credit institutions | 430/8 | €568,574 | €653,959 | +€85,384 | +15.0% |
| Trade debts | 44 | €847,161 | €778,273 | -€68,888 | -8.1% |
| Suppliers | 440/4 | €847,161 | €778,273 | -€68,888 | -8.1% |
| Taxes, remuneration and social security | 45 | €340,837 | €337,593 | -€3,244 | -1.0% |
| Taxes | 450/3 | €55,297 | €70,508 | +€15,211 | +27.5% |
| Remuneration and social security | 454/9 | €285,540 | €267,086 | -€18,455 | -6.5% |
| Other amounts payable | 47/48 | €155,000 | €140,000 | -€15,000 | -9.7% |
| Accrued charges and deferred income | 492/3 | €334 | €441,796 | +€441,462 | +132110.9% |
| Remuneration, social security and pensions | 62 | €2,042,194 | €1,921,163 | -€121,030 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,137 | €162,846 | +€10,709 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,478 | €3,812 | +€334 | +9.6% |
| Gross operating margin | 9900 | €2,443,598 | €2,326,768 | -€116,830 | -4.8% |
| Operating profit (loss) | 9901 | €245,789 | €238,947 | -€6,843 | -2.8% |
| Financial income | 75/76B | €6,501 | €7,127 | +€625 | +9.6% |
| Recurring financial income | 75 | €6,501 | €7,127 | +€625 | +9.6% |
| Financial charges | 65/66B | €36,499 | €79,979 | +€43,480 | +119.1% |
| Recurring financial charges | 65 | €36,499 | €79,979 | +€43,480 | +119.1% |
| Profit (loss) for the period before taxes | 9903 | €215,792 | €166,094 | -€49,698 | -23.0% |
| Income taxes | 67/77 | €20,006 | €14,843 | -€5,162 | -25.8% |
| Profit (loss) for the period | 9904 | €195,786 | €151,251 | -€44,535 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €195,786 | €151,251 | -€44,535 | -22.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.