SUSIN SYSTEM: 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.
SUSIN SYSTEM
Largest movements
- Cash -€55,304
down €55,304 (-32.5%), from €170,328 to €115,024
mainly Deferred charges and accrued income (-€38,661) and Debts after one year (-€26,247)
- Deferred charges and accrued income +€38,661
up €38,661 (+127%), from €30,554 to €69,215
- Receivables within one year +€17,299
up €17,299 (+3.7%), from €469,408 to €486,708
of which Other amounts receivable: +€10,655
- Tangible fixed assets -€17,197
down €17,197 (-5.1%), from €335,065 to €317,868
of which Land and buildings: -€14,365
- Reserves +€46,000
up €46,000 (+13.2%), from €348,860 to €394,860
- Debts after one year -€26,247
down €26,247 (-13.6%), from €192,482 to €166,234
- Trade debts -€25,712
down €25,712 (-8.4%), from €305,263 to €279,551
- Gross operating margin +€113,994
up €113,994 (+18.5%), from €617,092 to €731,086
- Write-downs +€76,356
new in 2024: €76,356
- Taxes +€9,066
up €9,066 (+77.9%), from €11,632 to €20,697
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 | €1,020,382 | €1,006,108 | -€14,274 | -1.4% |
| Fixed assets | 21/28 | €350,092 | €335,162 | -€14,931 | -4.3% |
| Tangible fixed assets | 22/27 | €335,065 | €317,868 | -€17,197 | -5.1% |
| Land and buildings | 22 | €237,445 | €223,080 | -€14,365 | -6.0% |
| Plant, machinery and equipment | 23 | €59,162 | €58,438 | -€724 | -1.2% |
| Furniture and vehicles | 24 | €22,687 | €23,169 | +€482 | +2.1% |
| Other tangible fixed assets | 26 | €15,771 | €13,181 | -€2,590 | -16.4% |
| Financial fixed assets | 28 | €15,028 | €17,294 | +€2,266 | +15.1% |
| Current assets | 29/58 | €670,290 | €670,947 | +€657 | +0.1% |
| Amounts receivable within one year | 40/41 | €469,408 | €486,708 | +€17,299 | +3.7% |
| Trade receivables | 40 | €449,786 | €456,431 | +€6,645 | +1.5% |
| Other amounts receivable | 41 | €19,622 | €30,277 | +€10,655 | +54.3% |
| Cash at bank and in hand | 54/58 | €170,328 | €115,024 | -€55,304 | -32.5% |
| Deferred charges and accrued income | 490/1 | €30,554 | €69,215 | +€38,661 | +127% |
| Total equity and liabilities | 10/49 | €1,020,382 | €1,006,108 | -€14,274 | -1.4% |
| Equity | 10/15 | €401,249 | €447,441 | +€46,191 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €348,860 | €394,860 | +€46,000 | +13.2% |
| Distributable reserves | 133 | €348,860 | €394,860 | +€46,000 | +13.2% |
| Profit (loss) carried forward | 14 | €39,989 | €40,181 | +€191 | +0.5% |
| Amounts payable | 17/49 | €619,133 | €558,667 | -€60,465 | -9.8% |
| Amounts payable after more than one year | 17 | €192,482 | €166,234 | -€26,247 | -13.6% |
| Financial debts | 170/4 | €192,482 | €166,234 | -€26,247 | -13.6% |
| Amounts payable within one year | 42/48 | €426,651 | €391,370 | -€35,281 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €34,878 | €33,140 | -€1,739 | -5.0% |
| Trade debts | 44 | €305,263 | €279,551 | -€25,712 | -8.4% |
| Suppliers | 440/4 | €305,263 | €279,551 | -€25,712 | -8.4% |
| Taxes, remuneration and social security | 45 | €86,506 | €78,680 | -€7,826 | -9.0% |
| Taxes | 450/3 | €31,630 | €697 | -€30,933 | -97.8% |
| Remuneration and social security | 454/9 | €54,876 | €77,982 | +€23,107 | +42.1% |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Accrued charges and deferred income | 492/3 | - | €1,063 | +€1,063 | |
| Remuneration, social security and pensions | 62 | €521,139 | €524,006 | +€2,867 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,990 | €40,434 | +€2,444 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €76,356 | +€76,356 | |
| Other operating charges | 640/8 | €14,667 | €18,452 | +€3,785 | +25.8% |
| Gross operating margin | 9900 | €617,092 | €731,086 | +€113,994 | +18.5% |
| Operating profit (loss) | 9901 | €43,296 | €71,838 | +€28,542 | +65.9% |
| Financial income | 75/76B | €241 | €57 | -€184 | -76.2% |
| Recurring financial income | 75 | €241 | €57 | -€184 | -76.2% |
| Financial charges | 65/66B | €4,563 | €5,006 | +€443 | +9.7% |
| Recurring financial charges | 65 | €4,563 | €5,006 | +€443 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €38,974 | €66,889 | +€27,915 | +71.6% |
| Income taxes | 67/77 | €11,632 | €20,697 | +€9,066 | +77.9% |
| Profit (loss) for the period | 9904 | €27,342 | €46,191 | +€18,849 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,342 | €46,191 | +€18,849 | +68.9% |
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 13 October 2026 via checked.be.