SUDELI: 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.
SUDELI
Largest movements
- Tangible fixed assets +€28,267
new in 2026: €28,267
- Cash +€23,049
up €23,049 (+59.3%), from €38,864 to €61,913
mainly Net result for the year (+€76,251) and Receivables within one year (+€14,520)
- Receivables within one year -€14,520
down €14,520 (-100%), from €14,520 to €0
- Profit (loss) carried forward +€76,251
up €76,251 (+63.8%), from €119,490 to €195,740
- Debts after one year -€48,447
down €48,447 (-16.5%), from €293,244 to €244,797
of which Financial debts: -€45,606
- Accrued charges and deferred income +€6,758
new in 2026: €6,758
- Gross operating margin +€16,193
up €16,193 (+15.8%), from €102,566 to €118,759
- Depreciation +€6,435
new in 2026: €6,435
- Financial charges +€5,140
up €5,140 (+51.3%), from €10,019 to €15,159
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €554,861 | €591,827 | +€36,966 | +6.7% |
| Fixed assets | 21/28 | €501,407 | €529,675 | +€28,267 | +5.6% |
| Tangible fixed assets | 22/27 | - | €28,267 | +€28,267 | |
| Furniture and vehicles | 24 | - | €28,267 | +€28,267 | |
| Financial fixed assets | 28 | €501,407 | €501,407 | = | 0.0% |
| Current assets | 29/58 | €53,454 | €62,153 | +€8,699 | +16.3% |
| Amounts receivable within one year | 40/41 | €14,520 | €0 | -€14,520 | -100% |
| Trade receivables | 40 | €14,520 | €0 | -€14,520 | -100% |
| Cash at bank and in hand | 54/58 | €38,864 | €61,913 | +€23,049 | +59.3% |
| Deferred charges and accrued income | 490/1 | €70 | €240 | +€170 | +243% |
| Total equity and liabilities | 10/49 | €554,861 | €591,827 | +€36,966 | +6.7% |
| Equity | 10/15 | €129,490 | €205,740 | +€76,251 | +58.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,490 | €195,740 | +€76,251 | +63.8% |
| Amounts payable | 17/49 | €425,371 | €386,087 | -€39,284 | -9.2% |
| Amounts payable after more than one year | 17 | €293,244 | €244,797 | -€48,447 | -16.5% |
| Financial debts | 170/4 | €193,244 | €147,638 | -€45,606 | -23.6% |
| Other amounts payable | 178/9 | €100,000 | €97,159 | -€2,841 | -2.8% |
| Amounts payable within one year | 42/48 | €132,127 | €134,532 | +€2,405 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €43,912 | €45,606 | +€1,694 | +3.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,335 | €22,045 | +€711 | +3.3% |
| Taxes | 450/3 | €17,106 | €17,818 | +€713 | +4.2% |
| Remuneration and social security | 454/9 | €4,229 | €4,227 | -€2 | -0.1% |
| Other amounts payable | 47/48 | €66,881 | €66,881 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,758 | +€6,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,435 | +€6,435 | |
| Other operating charges | 640/8 | €37 | €254 | +€217 | +583% |
| Gross operating margin | 9900 | €102,566 | €118,759 | +€16,193 | +15.8% |
| Operating profit (loss) | 9901 | €102,529 | €112,070 | +€9,541 | +9.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,019 | €15,159 | +€5,140 | +51.3% |
| Recurring financial charges | 65 | €10,019 | €15,159 | +€5,140 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €92,510 | €96,910 | +€4,401 | +4.8% |
| Income taxes | 67/77 | €19,757 | €20,660 | +€903 | +4.6% |
| Profit (loss) for the period | 9904 | €72,753 | €76,251 | +€3,498 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,753 | €76,251 | +€3,498 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.