SUZAR MANAGEMENT: 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.
SUZAR MANAGEMENT
Largest movements
- Cash -€74,034
down €74,034 (-59.7%), from €124,005 to €49,972
mainly Contributions, distributions and other (-€77,324) and Receivables after one year (-€73,494)
- Receivables after one year +€73,494
up €73,494 (+367.5%), from €20,000 to €93,494
- Tangible fixed assets +€2,945
up €2,945 (+212.1%), from €1,389 to €4,333
of which Furniture and vehicles: +€3,496
- Tax, wage and social debts -€12,803
down €12,803 (-29.7%), from €43,180 to €30,377
of which Taxes: -€10,303
- Other debts +€12,110
up €12,110 (+10.2%), from €119,027 to €131,137
- Gross operating margin +€19,659
up €19,659 (+24.5%), from €80,321 to €99,980
- Financial income +€3,478
up €3,478 (+21698.2%), from €16 to €3,494
- Taxes +€3,330
up €3,330 (+20.4%), from €16,315 to €19,645
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 | €204,132 | €206,094 | +€1,962 | +1.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,389 | €9,333 | +€2,945 | +46.1% |
| Tangible fixed assets | 22/27 | €1,389 | €4,333 | +€2,945 | +212.1% |
| Land and buildings | 22 | €1,389 | €837 | -€551 | -39.7% |
| Furniture and vehicles | 24 | - | €3,496 | +€3,496 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €197,743 | €196,761 | -€982 | -0.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €93,494 | +€73,494 | +367.5% |
| Trade receivables | 290 | €20,000 | €93,494 | +€73,494 | +367.5% |
| Amounts receivable within one year | 40/41 | €44,020 | €43,461 | -€559 | -1.3% |
| Trade receivables | 40 | €42,839 | €41,944 | -€895 | -2.1% |
| Other amounts receivable | 41 | €1,181 | €1,517 | +€336 | +28.4% |
| Cash at bank and in hand | 54/58 | €124,005 | €49,972 | -€74,034 | -59.7% |
| Deferred charges and accrued income | 490/1 | €9,717 | €9,833 | +€116 | +1.2% |
| Total equity and liabilities | 10/49 | €204,132 | €206,094 | +€1,962 | +1.0% |
| Equity | 10/15 | €36,490 | €36,490 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,490 | €34,490 | = | 0.0% |
| Distributable reserves | 133 | €34,490 | €34,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €167,641 | €169,604 | +€1,962 | +1.2% |
| Amounts payable within one year | 42/48 | €165,644 | €166,354 | +€710 | +0.4% |
| Trade debts | 44 | €3,437 | €4,840 | +€1,403 | +40.8% |
| Suppliers | 440/4 | €3,437 | €4,840 | +€1,403 | +40.8% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €43,180 | €30,377 | -€12,803 | -29.7% |
| Taxes | 450/3 | €40,680 | €30,377 | -€10,303 | -25.3% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €119,027 | €131,137 | +€12,110 | +10.2% |
| Accrued charges and deferred income | 492/3 | €1,998 | €3,250 | +€1,252 | +62.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €1,145 | +€594 | +107.7% |
| Other operating charges | 640/8 | €1,080 | €1,421 | +€341 | +31.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €80,321 | €99,980 | +€19,659 | +24.5% |
| Operating profit (loss) | 9901 | €78,689 | €97,414 | +€18,725 | +23.8% |
| Financial income | 75/76B | €16 | €3,494 | +€3,478 | +21698.2% |
| Recurring financial income | 75 | €16 | €3,494 | +€3,478 | +21698.2% |
| Financial charges | 65/66B | €3,962 | €3,940 | -€21 | -0.5% |
| Recurring financial charges | 65 | €3,962 | €3,940 | -€21 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €74,744 | €96,968 | +€22,225 | +29.7% |
| Income taxes | 67/77 | €16,315 | €19,645 | +€3,330 | +20.4% |
| Profit (loss) for the period | 9904 | €58,429 | €77,324 | +€18,895 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,429 | €77,324 | +€18,895 | +32.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.