VERCAIGNE SUZY: 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.
VERCAIGNE SUZY
Largest movements
- Tangible fixed assets +€277,917
up €277,917 (+215%), from €129,208 to €407,125
of which Land and buildings: +€248,252
- Cash +€59,115
up €59,115 (+40.2%), from €147,036 to €206,151
mainly Net result for the year (+€210,722) and Debts after one year (+€114,437)
- Deferred charges and accrued income +€48,131
up €48,131 (+38,505%), from €125 to €48,256
- Receivables within one year -€15,354
down €15,354 (-100%), from €15,354 to €0
- Reserves +€210,722
up €210,722 (+60.0%), from €351,113 to €561,835
- Debts after one year +€114,437
up €114,437 (+102%), from €112,100 to €226,537
- Tax, wage and social debts +€15,571
up €15,571 (+34.8%), from €44,794 to €60,365
- Current portion of long-term debt +€13,806
up €13,806 (+82.4%), from €16,757 to €30,563
- Trade debts +€12,234
up €12,234 (+135%), from €9,093 to €21,328
- Gross operating margin +€138,139
up €138,139 (+64.9%), from €212,990 to €351,129
- Taxes +€32,835
up €32,835 (+54.5%), from €60,200 to €93,035
- Other operating charges +€29,665
up €29,665 (+880%), from €3,373 to €33,038
- Financial income +€6,571
up €6,571 (+89.0%), from €7,385 to €13,957
- Financial charges +€4,189
up €4,189 (+133%), from €3,159 to €7,348
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.
Derived cash bridge
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 | €590,443 | €954,837 | +€364,394 | +61.7% |
| Fixed assets | 21/28 | €129,208 | €407,125 | +€277,917 | +215% |
| Tangible fixed assets | 22/27 | €129,208 | €407,125 | +€277,917 | +215% |
| Land and buildings | 22 | €100,059 | €348,311 | +€248,252 | +248% |
| Plant, machinery and equipment | 23 | €330 | €42,658 | +€42,328 | +12,818% |
| Furniture and vehicles | 24 | €28,819 | €16,156 | -€12,663 | -43.9% |
| Current assets | 29/58 | €461,235 | €547,712 | +€86,477 | +18.7% |
| Stocks and contracts in progress | 3 | €11,994 | €14,025 | +€2,031 | +16.9% |
| Stocks | 30/36 | €11,994 | €14,025 | +€2,031 | +16.9% |
| Amounts receivable within one year | 40/41 | €15,354 | €0 | -€15,354 | -100% |
| Other amounts receivable | 41 | €15,354 | €0 | -€15,354 | -100% |
| Current investments | 50/53 | €286,726 | €279,281 | -€7,445 | -2.6% |
| Cash at bank and in hand | 54/58 | €147,036 | €206,151 | +€59,115 | +40.2% |
| Deferred charges and accrued income | 490/1 | €125 | €48,256 | +€48,131 | +38,505% |
| Total equity and liabilities | 10/49 | €590,443 | €954,837 | +€364,394 | +61.7% |
| Equity | 10/15 | €382,903 | €593,625 | +€210,722 | +55.0% |
| Contributions | 10/11 | €31,790 | €31,790 | = | 0.0% |
| Reserves | 13 | €351,113 | €561,835 | +€210,722 | +60.0% |
| Distributable reserves | 133 | €351,113 | €561,835 | +€210,722 | +60.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,540 | €361,212 | +€153,672 | +74.0% |
| Amounts payable after more than one year | 17 | €112,100 | €226,537 | +€114,437 | +102% |
| Financial debts | 170/4 | €112,100 | €226,537 | +€114,437 | +102% |
| Amounts payable within one year | 42/48 | €93,871 | €133,107 | +€39,235 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €16,757 | €30,563 | +€13,806 | +82.4% |
| Trade debts | 44 | €9,093 | €21,328 | +€12,234 | +135% |
| Suppliers | 440/4 | €9,093 | €21,328 | +€12,234 | +135% |
| Taxes, remuneration and social security | 45 | €44,794 | €60,365 | +€15,571 | +34.8% |
| Taxes | 450/3 | €44,794 | €60,365 | +€15,571 | +34.8% |
| Other amounts payable | 47/48 | €23,226 | €20,851 | -€2,376 | -10.2% |
| Accrued charges and deferred income | 492/3 | €1,569 | €1,568 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €151 | €380 | +€229 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,403 | €20,562 | -€1,840 | -8.2% |
| Other operating charges | 640/8 | €3,373 | €33,038 | +€29,665 | +880% |
| Gross operating margin | 9900 | €212,990 | €351,129 | +€138,139 | +64.9% |
| Operating profit (loss) | 9901 | €187,064 | €297,149 | +€110,085 | +58.8% |
| Financial income | 75/76B | €7,385 | €13,957 | +€6,571 | +89.0% |
| Recurring financial income | 75 | €7,385 | €13,957 | +€6,571 | +89.0% |
| Financial charges | 65/66B | €3,159 | €7,348 | +€4,189 | +133% |
| Recurring financial charges | 65 | €3,159 | €7,348 | +€4,189 | +133% |
| Profit (loss) for the period before taxes | 9903 | €191,289 | €303,757 | +€112,468 | +58.8% |
| Income taxes | 67/77 | €60,200 | €93,035 | +€32,835 | +54.5% |
| Profit (loss) for the period | 9904 | €131,089 | €210,722 | +€79,633 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,089 | €210,722 | +€79,633 | +60.7% |
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 17 October 2026 via checked.be.