SUGAR MATSON: 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.
SUGAR MATSON
Largest movements
- Financial fixed assets +€90,000
new in 2025: €90,000
- Cash -€48,015
down €48,015 (-38.4%), from €125,197 to €77,182
mainly Investment in fixed assets (net) (-€90,000) and Other debts (-€5,229)
- Reserves +€56,005
up €56,005 (+57.6%), from €97,249 to €153,254
- Other debts -€5,229
down €5,229 (-67.1%), from €7,798 to €2,569
- Trade debts -€4,260
down €4,260 (-86.2%), from €4,944 to €685
- Tax, wage and social debts -€3,127
down €3,127 (-26.4%), from €11,854 to €8,727
- Gross operating margin +€15,069
up €15,069 (+26.8%), from €56,321 to €71,390
- Taxes +€2,873
up €2,873 (+24.2%), from €11,854 to €14,727
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 | €127,149 | €170,235 | +€43,086 | +33.9% |
| Fixed assets | 21/28 | - | €90,000 | +€90,000 | |
| Financial fixed assets | 28 | - | €90,000 | +€90,000 | |
| Current assets | 29/58 | €127,149 | €80,235 | -€46,914 | -36.9% |
| Cash at bank and in hand | 54/58 | €125,197 | €77,182 | -€48,015 | -38.4% |
| Deferred charges and accrued income | 490/1 | €1,952 | €3,053 | +€1,101 | +56.4% |
| Total equity and liabilities | 10/49 | €127,149 | €170,235 | +€43,086 | +33.9% |
| Equity | 10/15 | €102,249 | €158,254 | +€56,005 | +54.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,249 | €153,254 | +€56,005 | +57.6% |
| Distributable reserves | 133 | €97,249 | €153,254 | +€56,005 | +57.6% |
| Amounts payable | 17/49 | €24,901 | €11,981 | -€12,920 | -51.9% |
| Amounts payable within one year | 42/48 | €24,596 | €11,981 | -€12,615 | -51.3% |
| Trade debts | 44 | €4,944 | €685 | -€4,260 | -86.2% |
| Suppliers | 440/4 | €4,944 | €685 | -€4,260 | -86.2% |
| Taxes, remuneration and social security | 45 | €11,854 | €8,727 | -€3,127 | -26.4% |
| Taxes | 450/3 | €11,854 | €8,727 | -€3,127 | -26.4% |
| Other amounts payable | 47/48 | €7,798 | €2,569 | -€5,229 | -67.1% |
| Accrued charges and deferred income | 492/3 | €304 | - | -€304 | |
| Other operating charges | 640/8 | €817 | €585 | -€231 | -28.3% |
| Gross operating margin | 9900 | €56,321 | €71,390 | +€15,069 | +26.8% |
| Operating profit (loss) | 9901 | €55,504 | €70,805 | +€15,301 | +27.6% |
| Financial charges | 65/66B | €71 | €72 | +€1 | +1.7% |
| Recurring financial charges | 65 | €71 | €72 | +€1 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €55,433 | €70,732 | +€15,299 | +27.6% |
| Income taxes | 67/77 | €11,854 | €14,727 | +€2,873 | +24.2% |
| Profit (loss) for the period | 9904 | €43,579 | €56,005 | +€12,426 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,579 | €56,005 | +€12,426 | +28.5% |
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.