Sudmann & Company: what changed
Sudmann & Company
Largest movements
- Current investments +€25,000
up €25,000 (+12.5%), from €200,000 to €225,000
- Tangible fixed assets -€21,481
down €21,481 (-65.0%), from €33,028 to €11,547
of which Furniture and vehicles: -€20,638
- Receivables within one year +€21,019
up €21,019 (+12.6%), from €167,412 to €188,432
of which Other amounts receivable: +€41,231
- Receivables after one year -€14,489
down €14,489 (-100%), from €14,489 to €0
- Cash +€9,553
up €9,553 (+5.3%), from €180,153 to €189,706
mainly Net result for the year (+€94,192) and Depreciation (+€21,481)
- Reserves +€17,842
up €17,842 (+3.3%), from €542,959 to €560,801
- Tax, wage and social debts -€14,635
down €14,635 (-44.2%), from €33,083 to €18,448
- Trade debts +€7,100
up €7,100 (+55.1%), from €12,886 to €19,986
- Gross operating margin -€39,416
down €39,416 (-21.2%), from €186,255 to €146,839
- Taxes -€13,273
down €13,273 (-25.3%), from €52,384 to €39,111
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €621,747 | €637,062 | +€15,315 | +2.5% |
| Fixed assets | 21/28 | €53,028 | €31,547 | -€21,481 | -40.5% |
| Tangible fixed assets | 22/27 | €33,028 | €11,547 | -€21,481 | -65.0% |
| Plant, machinery and equipment | 23 | €2,401 | €1,559 | -€843 | -35.1% |
| Furniture and vehicles | 24 | €30,627 | €9,988 | -€20,638 | -67.4% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €568,719 | €605,515 | +€36,796 | +6.5% |
| Amounts receivable after more than one year | 29 | €14,489 | €0 | -€14,489 | -100% |
| Other amounts receivable | 291 | €14,489 | €0 | -€14,489 | -100% |
| Amounts receivable within one year | 40/41 | €167,412 | €188,432 | +€21,019 | +12.6% |
| Trade receivables | 40 | €62,006 | €41,794 | -€20,211 | -32.6% |
| Other amounts receivable | 41 | €105,407 | €146,637 | +€41,231 | +39.1% |
| Current investments | 50/53 | €200,000 | €225,000 | +€25,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €180,153 | €189,706 | +€9,553 | +5.3% |
| Deferred charges and accrued income | 490/1 | €6,665 | €2,378 | -€4,287 | -64.3% |
| Total equity and liabilities | 10/49 | €621,747 | €637,062 | +€15,315 | +2.5% |
| Equity | 10/15 | €561,559 | €579,401 | +€17,842 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €542,959 | €560,801 | +€17,842 | +3.3% |
| Distributable reserves | 133 | €542,959 | €560,801 | +€17,842 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,188 | €57,661 | -€2,527 | -4.2% |
| Amounts payable within one year | 42/48 | €45,969 | €38,434 | -€7,535 | -16.4% |
| Trade debts | 44 | €12,886 | €19,986 | +€7,100 | +55.1% |
| Suppliers | 440/4 | €12,886 | €19,986 | +€7,100 | +55.1% |
| Taxes, remuneration and social security | 45 | €33,083 | €18,448 | -€14,635 | -44.2% |
| Taxes | 450/3 | €33,083 | €18,448 | -€14,635 | -44.2% |
| Accrued charges and deferred income | 492/3 | €14,219 | €19,227 | +€5,008 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,523 | €21,481 | -€42 | -0.2% |
| Other operating charges | 640/8 | €440 | €400 | -€41 | -9.2% |
| Gross operating margin | 9900 | €186,255 | €146,839 | -€39,416 | -21.2% |
| Operating profit (loss) | 9901 | €164,291 | €124,958 | -€39,333 | -23.9% |
| Financial income | 75/76B | €11,280 | €10,524 | -€755 | -6.7% |
| Recurring financial income | 75 | €11,280 | €10,524 | -€755 | -6.7% |
| Financial charges | 65/66B | €568 | €2,179 | +€1,611 | +284% |
| Recurring financial charges | 65 | €568 | €2,179 | +€1,611 | +284% |
| Profit (loss) for the period before taxes | 9903 | €175,003 | €133,304 | -€41,699 | -23.8% |
| Income taxes | 67/77 | €52,384 | €39,111 | -€13,273 | -25.3% |
| Profit (loss) for the period | 9904 | €122,619 | €94,192 | -€28,426 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,619 | €94,192 | -€28,426 | -23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.