SadalSuud: 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.
SadalSuud
Largest movements
- Receivables within one year +€93,804
up €93,804 (+303%), from €30,976 to €124,780
of which Other amounts receivable: +€123,722
- Cash -€40,726
down €40,726 (-35.5%), from €114,672 to €73,946
mainly Receivables within one year (-€93,804) and Debts after one year (-€28,954)
- Tangible fixed assets -€15,616
down €15,616 (-22.0%), from €71,137 to €55,521
of which Leasing and similar rights: -€14,753
- Profit (loss) carried forward +€59,645
up €59,645 (+54.1%), from €110,326 to €169,971
- Debts after one year -€28,954
down €28,954 (-78.6%), from €36,839 to €7,885
- Tax, wage and social debts +€4,130
up €4,130 (+11.4%), from €36,359 to €40,489
- Depreciation +€10,722
up €10,722 (+219%), from €4,894 to €15,616
- Gross operating margin +€5,222
up €5,222 (+6.2%), from €84,425 to €89,646
- Financial income +€3,722
new in 2025: €3,722
- Financial charges +€1,340
up €1,340 (+178%), from €752 to €2,092
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 | €217,511 | €254,498 | +€36,987 | +17.0% |
| Fixed assets | 21/28 | €71,137 | €55,521 | -€15,616 | -22.0% |
| Tangible fixed assets | 22/27 | €71,137 | €55,521 | -€15,616 | -22.0% |
| Plant, machinery and equipment | 23 | €1,403 | €540 | -€863 | -61.5% |
| Leasing and similar rights | 25 | €69,734 | €54,981 | -€14,753 | -21.2% |
| Current assets | 29/58 | €146,374 | €198,977 | +€52,604 | +35.9% |
| Amounts receivable within one year | 40/41 | €30,976 | €124,780 | +€93,804 | +303% |
| Trade receivables | 40 | €30,976 | €1,058 | -€29,918 | -96.6% |
| Other amounts receivable | 41 | - | €123,722 | +€123,722 | |
| Cash at bank and in hand | 54/58 | €114,672 | €73,946 | -€40,726 | -35.5% |
| Deferred charges and accrued income | 490/1 | €726 | €251 | -€474 | -65.4% |
| Total equity and liabilities | 10/49 | €217,511 | €254,498 | +€36,987 | +17.0% |
| Equity | 10/15 | €115,326 | €174,971 | +€59,645 | +51.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,326 | €169,971 | +€59,645 | +54.1% |
| Amounts payable | 17/49 | €102,184 | €79,526 | -€22,658 | -22.2% |
| Amounts payable after more than one year | 17 | €36,839 | €7,885 | -€28,954 | -78.6% |
| Financial debts | 170/4 | €36,839 | €7,885 | -€28,954 | -78.6% |
| Amounts payable within one year | 42/48 | €65,345 | €69,443 | +€4,098 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €27,870 | €28,954 | +€1,085 | +3.9% |
| Trade debts | 44 | €1,116 | - | -€1,116 | |
| Suppliers | 440/4 | €1,116 | - | -€1,116 | |
| Taxes, remuneration and social security | 45 | €36,359 | €40,489 | +€4,130 | +11.4% |
| Taxes | 450/3 | €36,359 | €40,489 | +€4,130 | +11.4% |
| Accrued charges and deferred income | 492/3 | - | €2,198 | +€2,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €15,616 | +€10,722 | +219% |
| Other operating charges | 640/8 | €44 | €166 | +€122 | +278% |
| Gross operating margin | 9900 | €84,425 | €89,646 | +€5,222 | +6.2% |
| Operating profit (loss) | 9901 | €79,487 | €73,864 | -€5,622 | -7.1% |
| Financial income | 75/76B | - | €3,722 | +€3,722 | |
| Recurring financial income | 75 | - | €3,722 | +€3,722 | |
| Financial charges | 65/66B | €752 | €2,092 | +€1,340 | +178% |
| Recurring financial charges | 65 | €752 | €2,092 | +€1,340 | +178% |
| Profit (loss) for the period before taxes | 9903 | €78,735 | €75,494 | -€3,240 | -4.1% |
| Income taxes | 67/77 | €16,736 | €15,849 | -€887 | -5.3% |
| Profit (loss) for the period | 9904 | €61,998 | €59,645 | -€2,353 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,998 | €59,645 | -€2,353 | -3.8% |
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 16 October 2026 via checked.be.