SUYS: 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.
What changed
SUYS
NACE 22.240, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.8m
2024 · €6.1m-€2.3m
Equity
€34.0m
2024 · €31.2m+€2.8m
Cash
€4.3m
2024 · €3.4m+€875,723
Balance sheet total
€39.1m
2024 · €34.2m+€4.9m
Largest movements
Assets
- Receivables within one year +€4.2m
up €4.2m (+72.9%), from €5.8m to €10.0m
of which Other amounts receivable: +€3.1m
- Tangible fixed assets -€2.2m
down €2.2m (-36.5%), from €6.0m to €3.8m
of which Land and buildings: -€2.3m
- Current investments +€1.2m
up €1.2m, from €0 to €1.2m
- Cash +€875,723
up €875,723 (+25.9%), from €3.4m to €4.3m
mainly Net result for the year (+€3.8m) and Depreciation (+€1.5m)
- Deferred charges and accrued income +€436,029
up €436,029 (+185.0%), from €235,632 to €671,661
Equity and liabilities
- Reserves +€2.8m
up €2.8m (+9.4%), from €30.1m to €33.0m
of which Distributable reserves: +€1.8m
- Trade debts +€999,703
up €999,703 (+79.2%), from €1.3m to €2.3m
- Other debts +€982,288
up €982,288 (+152.9%), from €642,514 to €1.6m
Income statement
- Financial income -€3.2m
down €3.2m (-87.3%), from €3.7m to €471,356
- Goods and materials +€3.0m
up €3.0m (+11.3%), from €26.8m to €29.9m
of which Purchases: +€3.6m
- Turnover +€1.1m
up €1.1m (+2.2%), from €50.4m to €51.5m
- Taxes -€754,416
down €754,416 (-53.0%), from €1.4m to €669,787
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.
Result 2024
€6.1m
Turnover
+€1.1m
Other operating income
+€78,624
Goods and materials
-€3.0m
Services and other goods
+€4,235
Staff costs
+€162,914
Depreciation
+€343,016
Write-downs
-€159,156
Other operating charges
+€120,388
Other operating items
+€1.7m
Financial income
-€3.2m
Financial charges
-€132,524
Taxes
+€754,416
Result 2025
€3.8m
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.
From operations
+€2.4m
Investment
-€486,857
Financing
-€1.0m
Cash 2024
€3.4m
From operations (derived)
+€2.4m
Net result for the year
+€3.8m
Depreciation
+€1.5m
Stocks and contracts
-€366,514
Receivables within one year
-€4.2m
Deferred charges and accrued income
-€436,029
Trade debts
+€999,703
Tax, wage and social debts
+€166,844
Other debts
+€982,288
Accrued charges and deferred income
-€22,972
Investment (derived)
-€486,857
Investment in fixed assets (net)
+€694,325
Current investments
-€1.2m
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€4.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,172,778 | €39,120,360 | +€4.9m | +14.5% |
| Fixed assets | 21/28 | €15,117,471 | €12,972,548 | -€2.1m | -14.2% |
| Intangible fixed assets | 21 | €11,939 | €42,260 | +€30,321 | +254.0% |
| Tangible fixed assets | 22/27 | €5,956,038 | €3,780,929 | -€2.2m | -36.5% |
| Land and buildings | 22 | €2,345,376 | €0 | -€2.3m | -100.0% |
| Plant, machinery and equipment | 23 | €1,879,541 | €1,521,751 | -€357,790 | -19.0% |
| Furniture and vehicles | 24 | €1,368,847 | €1,305,882 | -€62,965 | -4.6% |
| Other tangible fixed assets | 26 | - | €319,317 | +€319,317 | |
| Assets under construction and advance payments | 27 | €362,274 | €633,980 | +€271,706 | +75.0% |
| Financial fixed assets | 28 | €9,149,494 | €9,149,359 | -€135 | 0.0% |
| Affiliated companies | 280/1 | €9,148,000 | €9,148,000 | = | 0.0% |
| Participating interests | 280 | €9,148,000 | €9,148,000 | = | 0.0% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €1,494 | €1,359 | -€135 | -9.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,494 | €1,359 | -€135 | -9.0% |
| Current assets | 29/58 | €19,055,306 | €26,147,811 | +€7.1m | +37.2% |
| Stocks and contracts in progress | 3 | €9,627,597 | €9,994,111 | +€366,514 | +3.8% |
| Stocks | 30/36 | €9,627,597 | €9,994,111 | +€366,514 | +3.8% |
| Raw materials and consumables | 30/31 | €4,038,434 | €4,462,826 | +€424,392 | +10.5% |
| Work in progress | 32 | €1,132,933 | €1,183,606 | +€50,673 | +4.5% |
| Finished goods | 33 | €4,456,229 | €4,347,678 | -€108,551 | -2.4% |
| Amounts receivable within one year | 40/41 | €5,807,725 | €10,040,781 | +€4.2m | +72.9% |
| Trade receivables | 40 | €4,719,891 | €5,846,236 | +€1.1m | +23.9% |
| Other amounts receivable | 41 | €1,087,834 | €4,194,545 | +€3.1m | +285.6% |
| Current investments | 50/53 | €0 | €1,181,182 | +€1.2m | |
| Other investments | 51/53 | €0 | €1,181,182 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €3,384,353 | €4,260,076 | +€875,723 | +25.9% |
| Deferred charges and accrued income | 490/1 | €235,632 | €671,661 | +€436,029 | +185.0% |
| Total equity and liabilities | 10/49 | €34,172,778 | €39,120,360 | +€4.9m | +14.5% |
| Equity | 10/15 | €31,165,897 | €33,987,615 | +€2.8m | +9.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €30,146,266 | €32,976,465 | +€2.8m | +9.4% |
| Non-distributable reserves | 130/1 | €1,631,210 | €1,631,210 | = | 0.0% |
| Legal reserve | 130 | €1,631,210 | €1,631,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,823,608 | €18,823,608 | +€1,000,000 | +5.6% |
| Distributable reserves | 133 | €10,691,448 | €12,521,647 | +€1.8m | +17.1% |
| Investment grants | 15 | €19,631 | €11,150 | -€8,481 | -43.2% |
| Amounts payable | 17/49 | €3,006,881 | €5,132,744 | +€2.1m | +70.7% |
| Amounts payable within one year | 42/48 | €2,974,503 | €5,123,337 | +€2.1m | +72.2% |
| Trade debts | 44 | €1,262,809 | €2,262,512 | +€999,703 | +79.2% |
| Suppliers | 440/4 | €1,262,809 | €2,262,512 | +€999,703 | +79.2% |
| Taxes, remuneration and social security | 45 | €1,069,180 | €1,236,024 | +€166,844 | +15.6% |
| Taxes | 450/3 | €171,593 | €314,057 | +€142,464 | +83.0% |
| Remuneration and social security | 454/9 | €897,587 | €921,967 | +€24,380 | +2.7% |
| Other amounts payable | 47/48 | €642,514 | €1,624,802 | +€982,288 | +152.9% |
| Accrued charges and deferred income | 492/3 | €32,378 | €9,407 | -€22,972 | -70.9% |
| Operating income | 70/76A | €49,716,677 | €52,617,215 | +€2.9m | +5.8% |
| Turnover | 70 | €50,432,028 | €51,520,846 | +€1.1m | +2.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,456,243 | -€57,878 | +€1.4m | +96.0% |
| Other operating income | 74 | €674,931 | €753,555 | +€78,624 | +11.6% |
| Non-recurring operating income | 76A | €65,961 | €400,691 | +€334,730 | +507.5% |
| Operating charges | 60/66A | €45,808,959 | €48,374,162 | +€2.6m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €26,815,226 | €29,854,626 | +€3.0m | +11.3% |
| Purchases | 600/8 | €26,638,383 | €30,279,018 | +€3.6m | +13.7% |
| Change in stocks: decrease (increase) | 609 | €176,844 | -€424,392 | -€601,236 | |
| Services and other goods | 61 | €9,261,276 | €9,257,041 | -€4,235 | 0.0% |
| Remuneration, social security and pensions | 62 | €7,803,007 | €7,640,094 | -€162,914 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,793,614 | €1,450,598 | -€343,016 | -19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€80,414 | €78,742 | +€159,156 | |
| Other operating charges | 640/8 | €213,230 | €92,841 | -€120,388 | -56.5% |
| Non-recurring operating charges | 66A | €3,019 | €220 | -€2,799 | -92.7% |
| Operating profit (loss) | 9901 | €3,907,718 | €4,243,053 | +€335,335 | +8.6% |
| Financial income | 75/76B | €3,711,464 | €471,356 | -€3.2m | -87.3% |
| Recurring financial income | 75 | €3,711,464 | €471,356 | -€3.2m | -87.3% |
| Income from financial fixed assets | 750 | €74,180 | €0 | -€74,180 | -100.0% |
| Income from current assets | 751 | €719,764 | €198,184 | -€521,580 | -72.5% |
| Other financial income | 752/9 | €2,917,520 | €273,172 | -€2.6m | -90.6% |
| Financial charges | 65/66B | €81,900 | €214,423 | +€132,524 | +161.8% |
| Recurring financial charges | 65 | €81,900 | €214,423 | +€132,524 | +161.8% |
| Debt charges | 650 | €47,108 | €43,678 | -€3,429 | -7.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€258,873 | €21,164 | +€280,037 | |
| Other financial charges | 652/9 | €293,665 | €149,581 | -€144,084 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €7,537,283 | €4,499,986 | -€3.0m | -40.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,424,203 | €669,787 | -€754,416 | -53.0% |
| Taxes | 670/3 | €1,424,203 | €669,787 | -€754,416 | -53.0% |
| Profit (loss) for the period | 9904 | €6,113,080 | €3,830,199 | -€2.3m | -37.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €1,000,000 | €1,000,000 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,113,080 | €2,830,200 | -€2.3m | -44.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.