SUADA: 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.
SUADA
Largest movements
- Tangible fixed assets +€38,183
up €38,183 (+30.5%), from €125,250 to €163,433
of which Furniture and vehicles: +€30,986
- Receivables within one year +€25,249
up €25,249 (+15.1%), from €167,177 to €192,426
of which Other amounts receivable: +€29,224
- Cash +€9,188
up €9,188 (+14.1%), from €65,086 to €74,274
mainly Net result for the year (+€65,406) and Tax, wage and social debts (+€19,045)
- Reserves +€24,400
up €24,400 (+8.0%), from €303,160 to €327,560
of which Distributable reserves: +€24,400
- Tax, wage and social debts +€19,045
up €19,045 (+125%), from €15,221 to €34,266
- Debts after one year +€15,321
new in 2025: €15,321
- Current portion of long-term debt +€9,856
new in 2025: €9,856
- Trade debts +€5,798
up €5,798 (+94.8%), from €6,115 to €11,912
- Gross operating margin +€10,450
up €10,450 (+11.4%), from €91,413 to €101,862
- Depreciation +€4,735
up €4,735 (+60.6%), from €7,812 to €12,547
- Taxes +€3,290
up €3,290 (+12.6%), from €26,031 to €29,321
- Financial income +€1,296
up €1,296 (+16.0%), from €8,096 to €9,391
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 | €469,513 | €542,133 | +€72,620 | +15.5% |
| Fixed assets | 21/28 | €125,250 | €163,433 | +€38,183 | +30.5% |
| Tangible fixed assets | 22/27 | €125,250 | €163,433 | +€38,183 | +30.5% |
| Land and buildings | 22 | €118,198 | €125,396 | +€7,198 | +6.1% |
| Furniture and vehicles | 24 | €7,052 | €38,037 | +€30,986 | +439% |
| Current assets | 29/58 | €344,263 | €378,700 | +€34,437 | +10.0% |
| Amounts receivable after more than one year | 29 | €112,000 | €112,000 | = | 0.0% |
| Other amounts receivable | 291 | €112,000 | €112,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €167,177 | €192,426 | +€25,249 | +15.1% |
| Trade receivables | 40 | €29,990 | €26,015 | -€3,975 | -13.3% |
| Other amounts receivable | 41 | €137,187 | €166,411 | +€29,224 | +21.3% |
| Cash at bank and in hand | 54/58 | €65,086 | €74,274 | +€9,188 | +14.1% |
| Total equity and liabilities | 10/49 | €469,513 | €542,133 | +€72,620 | +15.5% |
| Equity | 10/15 | €387,990 | €412,396 | +€24,406 | +6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €303,160 | €327,560 | +€24,400 | +8.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €299,160 | €323,560 | +€24,400 | +8.2% |
| Profit (loss) carried forward | 14 | €72,430 | €72,436 | +€6 | 0.0% |
| Provisions and deferred taxes | 16 | €19,432 | €19,432 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,432 | €19,432 | = | 0.0% |
| Pensions and similar obligations | 160 | €19,432 | €19,432 | = | 0.0% |
| Amounts payable | 17/49 | €62,090 | €110,305 | +€48,215 | +77.7% |
| Amounts payable after more than one year | 17 | - | €15,321 | +€15,321 | |
| Financial debts | 170/4 | - | €15,321 | +€15,321 | |
| Amounts payable within one year | 42/48 | €62,090 | €94,984 | +€32,893 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,856 | +€9,856 | |
| Trade debts | 44 | €6,115 | €11,912 | +€5,798 | +94.8% |
| Suppliers | 440/4 | €6,115 | €11,912 | +€5,798 | +94.8% |
| Taxes, remuneration and social security | 45 | €15,221 | €34,266 | +€19,045 | +125% |
| Taxes | 450/3 | €15,221 | €34,266 | +€19,045 | +125% |
| Other amounts payable | 47/48 | €40,755 | €38,950 | -€1,805 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,812 | €12,547 | +€4,735 | +60.6% |
| Other operating charges | 640/8 | €1,917 | €2,773 | +€855 | +44.6% |
| Gross operating margin | 9900 | €91,413 | €101,862 | +€10,450 | +11.4% |
| Operating profit (loss) | 9901 | €81,683 | €86,543 | +€4,860 | +5.9% |
| Financial income | 75/76B | €8,096 | €9,391 | +€1,296 | +16.0% |
| Recurring financial income | 75 | €8,096 | €9,391 | +€1,296 | +16.0% |
| Financial charges | 65/66B | €440 | €1,208 | +€768 | +175% |
| Recurring financial charges | 65 | €440 | €1,208 | +€768 | +175% |
| Profit (loss) for the period before taxes | 9903 | €89,339 | €94,726 | +€5,387 | +6.0% |
| Income taxes | 67/77 | €26,031 | €29,321 | +€3,290 | +12.6% |
| Profit (loss) for the period | 9904 | €63,308 | €65,406 | +€2,098 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,308 | €65,406 | +€2,098 | +3.3% |
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 30 October 2026 via checked.be.