SUT: 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.
SUT
Largest movements
- Current investments +€45,000
new in 2025: €45,000
- Cash -€11,044
down €11,044 (-18.4%), from €59,910 to €48,866
mainly Current investments (-€45,000) and Investment in fixed assets (net) (-€13,411)
- Tangible fixed assets +€8,550
up €8,550 (+34.9%), from €24,491 to €33,041
of which Furniture and vehicles: +€4,718
- Deferred charges and accrued income -€7,082
down €7,082 (-71.1%), from €9,967 to €2,885
- Reserves +€34,000
up €34,000 (+76.6%), from €44,360 to €78,360
of which Distributable reserves: +€34,000
- Other debts -€8,445
down €8,445 (-99.1%), from €8,522 to €77
- Trade debts +€6,273
up €6,273 (+743.0%), from €844 to €7,117
- Accrued charges and deferred income -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Tax, wage and social debts +€3,821
up €3,821 (+24.7%), from €15,438 to €19,259
- Gross operating margin +€2,825
up €2,825 (+4.4%), from €63,624 to €66,449
- Taxes -€2,622
down €2,622 (-12.6%), from €20,744 to €18,122
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 | €117,502 | €152,971 | +€35,468 | +30.2% |
| Fixed assets | 21/28 | €24,491 | €33,041 | +€8,550 | +34.9% |
| Tangible fixed assets | 22/27 | €24,491 | €33,041 | +€8,550 | +34.9% |
| Plant, machinery and equipment | 23 | €1,212 | €785 | -€427 | -35.2% |
| Furniture and vehicles | 24 | €22,240 | €26,958 | +€4,718 | +21.2% |
| Other tangible fixed assets | 26 | €1,040 | €5,298 | +€4,259 | +409.6% |
| Current assets | 29/58 | €93,011 | €119,929 | +€26,918 | +28.9% |
| Amounts receivable within one year | 40/41 | €23,133 | €23,178 | +€45 | +0.2% |
| Trade receivables | 40 | €14,407 | €18,791 | +€4,385 | +30.4% |
| Other amounts receivable | 41 | €8,727 | €4,387 | -€4,340 | -49.7% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €59,910 | €48,866 | -€11,044 | -18.4% |
| Deferred charges and accrued income | 490/1 | €9,967 | €2,885 | -€7,082 | -71.1% |
| Total equity and liabilities | 10/49 | €117,502 | €152,971 | +€35,468 | +30.2% |
| Equity | 10/15 | €87,148 | €122,199 | +€35,051 | +40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,360 | €78,360 | +€34,000 | +76.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,500 | €76,500 | +€34,000 | +80.0% |
| Profit (loss) carried forward | 14 | €36,588 | €37,639 | +€1,051 | +2.9% |
| Amounts payable | 17/49 | €30,354 | €30,772 | +€417 | +1.4% |
| Amounts payable after more than one year | 17 | €318 | €2,713 | +€2,394 | +752.6% |
| Financial debts | 170/4 | €318 | €2,713 | +€2,394 | +752.6% |
| Amounts payable within one year | 42/48 | €26,036 | €28,059 | +€2,023 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €1,231 | €1,606 | +€374 | +30.4% |
| Trade debts | 44 | €844 | €7,117 | +€6,273 | +743.0% |
| Suppliers | 440/4 | €844 | €7,117 | +€6,273 | +743.0% |
| Taxes, remuneration and social security | 45 | €15,438 | €19,259 | +€3,821 | +24.7% |
| Taxes | 450/3 | €15,438 | €19,259 | +€3,821 | +24.7% |
| Other amounts payable | 47/48 | €8,522 | €77 | -€8,445 | -99.1% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €4,861 | -€258 | -5.0% |
| Other operating charges | 640/8 | €2,093 | €1,765 | -€327 | -15.6% |
| Gross operating margin | 9900 | €63,624 | €66,449 | +€2,825 | +4.4% |
| Operating profit (loss) | 9901 | €56,413 | €59,823 | +€3,410 | +6.0% |
| Financial income | 75/76B | €111 | €221 | +€110 | +98.6% |
| Recurring financial income | 75 | €111 | €221 | +€110 | +98.6% |
| Financial charges | 65/66B | €360 | €371 | +€11 | +3.0% |
| Recurring financial charges | 65 | €360 | €371 | +€11 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €56,164 | €59,673 | +€3,509 | +6.2% |
| Income taxes | 67/77 | €20,744 | €18,122 | -€2,622 | -12.6% |
| Profit (loss) for the period | 9904 | €35,420 | €41,551 | +€6,131 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,420 | €41,551 | +€6,131 | +17.3% |
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 1 October 2026 via checked.be.