Sudama: 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.
Sudama
Largest movements
- Stocks and contracts +€12,200
up €12,200 (+469.2%), from €2,600 to €14,800
- Receivables within one year -€3,134
down €3,134 (-58.0%), from €5,407 to €2,273
of which Trade receivables: -€1,916
- Tangible fixed assets -€2,098
down €2,098 (-54.0%), from €3,886 to €1,788
of which Furniture and vehicles: -€1,195
- Deferred charges and accrued income -€1,843
down €1,843 (-87.4%), from €2,109 to €266
- Cash -€326
down €326 (-60.1%), from €543 to €217
mainly Stocks and contracts (-€12,200) and Other debts (-€4,023)
- Trade debts +€8,138
up €8,138 (+286.6%), from €2,839 to €10,978
- Other debts -€4,023
down €4,023 (-5.8%), from €69,927 to €65,904
- Profit (loss) carried forward +€1,140
up €1,140 (+1.8%), from -€63,723 to -€62,583
- Accrued charges and deferred income -€500
no longer reported in 2025 (was €500)
- Gross operating margin +€2,274
up €2,274 (+109.1%), from €2,085 to €4,360
- Other operating charges +€789
up €789 (+1236.6%), from €64 to €853
- Financial charges +€75
up €75 (+38.6%), from €194 to €269
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 | €14,544 | €19,343 | +€4,800 | +33.0% |
| Fixed assets | 21/28 | €3,886 | €1,788 | -€2,098 | -54.0% |
| Tangible fixed assets | 22/27 | €3,886 | €1,788 | -€2,098 | -54.0% |
| Furniture and vehicles | 24 | €2,247 | €1,051 | -€1,195 | -53.2% |
| Other tangible fixed assets | 26 | €1,639 | €736 | -€903 | -55.1% |
| Current assets | 29/58 | €10,658 | €17,556 | +€6,898 | +64.7% |
| Stocks and contracts in progress | 3 | €2,600 | €14,800 | +€12,200 | +469.2% |
| Stocks | 30/36 | €2,600 | €14,800 | +€12,200 | +469.2% |
| Amounts receivable within one year | 40/41 | €5,407 | €2,273 | -€3,134 | -58.0% |
| Trade receivables | 40 | €4,189 | €2,273 | -€1,916 | -45.7% |
| Other amounts receivable | 41 | €1,218 | - | -€1,218 | |
| Cash at bank and in hand | 54/58 | €543 | €217 | -€326 | -60.1% |
| Deferred charges and accrued income | 490/1 | €2,109 | €266 | -€1,843 | -87.4% |
| Total equity and liabilities | 10/49 | €14,544 | €19,343 | +€4,800 | +33.0% |
| Equity | 10/15 | -€58,723 | -€57,583 | +€1,140 | +1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,723 | -€62,583 | +€1,140 | +1.8% |
| Amounts payable | 17/49 | €73,266 | €76,926 | +€3,660 | +5.0% |
| Amounts payable within one year | 42/48 | €72,766 | €76,926 | +€4,160 | +5.7% |
| Trade debts | 44 | €2,839 | €10,978 | +€8,138 | +286.6% |
| Suppliers | 440/4 | €2,839 | €10,978 | +€8,138 | +286.6% |
| Advances received on contracts in progress | 46 | - | €45 | +€45 | |
| Other amounts payable | 47/48 | €69,927 | €65,904 | -€4,023 | -5.8% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,098 | €2,098 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €853 | +€789 | +1236.6% |
| Gross operating margin | 9900 | €2,085 | €4,360 | +€2,274 | +109.1% |
| Operating profit (loss) | 9901 | -€77 | €1,409 | +€1,485 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +216.7% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +216.7% |
| Financial charges | 65/66B | €194 | €269 | +€75 | +38.6% |
| Recurring financial charges | 65 | €194 | €269 | +€75 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | -€271 | €1,140 | +€1,411 | |
| Profit (loss) for the period | 9904 | -€271 | €1,140 | +€1,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€271 | €1,140 | +€1,411 |
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 4 October 2026 via checked.be.