Sur.: 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.
Sur.
Largest movements
- Receivables within one year -€638,698
down €638,698 (-91.8%), from €695,564 to €56,865
of which Other amounts receivable: -€494,540
- Cash +€486,072
up €486,072 (+203.2%), from €239,242 to €725,314
mainly Receivables within one year (+€638,698) and Net result for the year (+€197,875)
- Intangible fixed assets -€92,785
down €92,785 (-12.8%), from €723,224 to €630,439
- Debts after one year -€359,722
no longer reported in 2025 (was €359,722)
- Other debts +€180,000
new in 2025: €180,000
- Current portion of long-term debt -€116,667
no longer reported in 2025 (was €116,667)
- Tax, wage and social debts +€78,575
up €78,575 (+96.3%), from €81,625 to €160,200
of which Taxes: +€81,051
- Trade debts -€32,723
down €32,723 (-3.4%), from €955,121 to €922,398
- Gross operating margin +€89,087
up €89,087 (+11.4%), from €779,370 to €868,457
- Staff costs +€57,630
up €57,630 (+14.3%), from €401,676 to €459,306
- Taxes +€25,502
up €25,502 (+47.1%), from €54,118 to €79,619
- Financial charges -€9,205
down €9,205 (-39.4%), from €23,380 to €14,175
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 | €1,781,043 | €1,547,935 | -€233,109 | -13.1% |
| Fixed assets | 21/28 | €844,900 | €762,976 | -€81,924 | -9.7% |
| Intangible fixed assets | 21 | €723,224 | €630,439 | -€92,785 | -12.8% |
| Tangible fixed assets | 22/27 | €111,869 | €123,350 | +€11,481 | +10.3% |
| Plant, machinery and equipment | 23 | €19,612 | €15,991 | -€3,620 | -18.5% |
| Furniture and vehicles | 24 | €4,624 | €29,026 | +€24,401 | +527.7% |
| Other tangible fixed assets | 26 | €87,633 | €78,333 | -€9,300 | -10.6% |
| Financial fixed assets | 28 | €9,806 | €9,186 | -€620 | -6.3% |
| Current assets | 29/58 | €936,143 | €784,959 | -€151,185 | -16.1% |
| Amounts receivable within one year | 40/41 | €695,564 | €56,865 | -€638,698 | -91.8% |
| Trade receivables | 40 | €189,024 | €44,865 | -€144,159 | -76.3% |
| Other amounts receivable | 41 | €506,540 | €12,000 | -€494,540 | -97.6% |
| Cash at bank and in hand | 54/58 | €239,242 | €725,314 | +€486,072 | +203.2% |
| Deferred charges and accrued income | 490/1 | €1,338 | €2,780 | +€1,442 | +107.8% |
| Total equity and liabilities | 10/49 | €1,781,043 | €1,547,935 | -€233,109 | -13.1% |
| Equity | 10/15 | €267,462 | €285,337 | +€17,875 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,862 | €266,737 | +€17,875 | +7.2% |
| Distributable reserves | 133 | €248,862 | €266,737 | +€17,875 | +7.2% |
| Amounts payable | 17/49 | €1,513,582 | €1,262,598 | -€250,983 | -16.6% |
| Amounts payable after more than one year | 17 | €359,722 | - | -€359,722 | |
| Financial debts | 170/4 | €359,722 | - | -€359,722 | |
| Amounts payable within one year | 42/48 | €1,153,413 | €1,262,598 | +€109,185 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €116,667 | - | -€116,667 | |
| Trade debts | 44 | €955,121 | €922,398 | -€32,723 | -3.4% |
| Suppliers | 440/4 | €955,121 | €922,398 | -€32,723 | -3.4% |
| Taxes, remuneration and social security | 45 | €81,625 | €160,200 | +€78,575 | +96.3% |
| Taxes | 450/3 | €23,690 | €104,741 | +€81,051 | +342.1% |
| Remuneration and social security | 454/9 | €57,935 | €55,459 | -€2,476 | -4.3% |
| Other amounts payable | 47/48 | - | €180,000 | +€180,000 | |
| Accrued charges and deferred income | 492/3 | €447 | - | -€447 | |
| Non-recurring operating income | 76A | €6,349 | - | -€6,349 | |
| Remuneration, social security and pensions | 62 | €401,676 | €459,306 | +€57,630 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,203 | €121,678 | +€6,475 | +5.6% |
| Other operating charges | 640/8 | €1,321 | €983 | -€338 | -25.6% |
| Non-recurring operating charges | 66A | €43,883 | - | -€43,883 | |
| Gross operating margin | 9900 | €779,370 | €868,457 | +€89,087 | +11.4% |
| Operating profit (loss) | 9901 | €217,286 | €286,490 | +€69,204 | +31.8% |
| Financial income | 75/76B | €11,565 | €5,180 | -€6,386 | -55.2% |
| Recurring financial income | 75 | €11,565 | €5,180 | -€6,386 | -55.2% |
| Financial charges | 65/66B | €23,380 | €14,175 | -€9,205 | -39.4% |
| Recurring financial charges | 65 | €23,380 | €14,175 | -€9,205 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €205,471 | €277,494 | +€72,023 | +35.1% |
| Income taxes | 67/77 | €54,118 | €79,619 | +€25,502 | +47.1% |
| Profit (loss) for the period | 9904 | €151,354 | €197,875 | +€46,521 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,354 | €197,875 | +€46,521 | +30.7% |
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 6 October 2026 via checked.be.