SUGAR ON TOP: 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.
SUGAR ON TOP
Largest movements
- Tangible fixed assets +€58,716
new in 2025: €58,716
- Receivables within one year -€7,892
down €7,892 (-25.7%), from €30,725 to €22,833
of which Trade receivables: -€8,452
- Cash +€4,368
up €4,368 (+16.2%), from €26,914 to €31,282
mainly Other debts (+€52,473) and Debts after one year (+€17,193)
- Other debts +€52,473
up €52,473 (+1,440%), from €3,644 to €56,117
- Reserves -€17,266
down €17,266 (-55.8%), from €30,962 to €13,696
- Debts after one year +€17,193
new in 2025: €17,193
- Current portion of long-term debt +€5,528
new in 2025: €5,528
- Short-term financial debts -€1,271
no longer reported in 2025 (was €1,271)
- Gross operating margin +€17,277
up €17,277 (+457%), from €3,782 to €21,059
- Taxes +€2,674
up €2,674 (+349%), from €766 to €3,440
- Depreciation +€1,764
new in 2025: €1,764
- Financial charges +€979
up €979 (+1,248%), from €78 to €1,057
- Other operating charges +€834
up €834 (+310%), from €269 to €1,103
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 | €57,639 | €112,831 | +€55,192 | +95.8% |
| Fixed assets | 21/28 | - | €58,716 | +€58,716 | |
| Tangible fixed assets | 22/27 | - | €58,716 | +€58,716 | |
| Land and buildings | 22 | - | €58,716 | +€58,716 | |
| Current assets | 29/58 | €57,639 | €54,115 | -€3,524 | -6.1% |
| Amounts receivable within one year | 40/41 | €30,725 | €22,833 | -€7,892 | -25.7% |
| Trade receivables | 40 | €27,491 | €19,039 | -€8,452 | -30.7% |
| Other amounts receivable | 41 | €3,234 | €3,794 | +€560 | +17.3% |
| Cash at bank and in hand | 54/58 | €26,914 | €31,282 | +€4,368 | +16.2% |
| Total equity and liabilities | 10/49 | €57,639 | €112,831 | +€55,192 | +95.8% |
| Equity | 10/15 | €35,962 | €18,696 | -€17,266 | -48.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,962 | €13,696 | -€17,266 | -55.8% |
| Distributable reserves | 133 | €30,962 | €13,696 | -€17,266 | -55.8% |
| Amounts payable | 17/49 | €21,677 | €94,135 | +€72,458 | +334% |
| Amounts payable after more than one year | 17 | - | €17,193 | +€17,193 | |
| Financial debts | 170/4 | - | €17,193 | +€17,193 | |
| Amounts payable within one year | 42/48 | €14,177 | €69,443 | +€55,266 | +390% |
| Current portion of amounts payable after more than one year | 42 | - | €5,528 | +€5,528 | |
| Financial debts | 43 | €1,271 | - | -€1,271 | |
| Credit institutions | 430/8 | €1,271 | - | -€1,271 | |
| Trade debts | 44 | €1,368 | €707 | -€662 | -48.4% |
| Suppliers | 440/4 | €1,368 | €707 | -€662 | -48.4% |
| Taxes, remuneration and social security | 45 | €7,893 | €7,090 | -€803 | -10.2% |
| Taxes | 450/3 | €7,893 | €7,090 | -€803 | -10.2% |
| Other amounts payable | 47/48 | €3,644 | €56,117 | +€52,473 | +1,440% |
| Accrued charges and deferred income | 492/3 | €7,500 | €7,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,764 | +€1,764 | |
| Other operating charges | 640/8 | €269 | €1,103 | +€834 | +310% |
| Gross operating margin | 9900 | €3,782 | €21,059 | +€17,277 | +457% |
| Operating profit (loss) | 9901 | €3,513 | €18,193 | +€14,679 | +418% |
| Financial charges | 65/66B | €78 | €1,057 | +€979 | +1,248% |
| Recurring financial charges | 65 | €78 | €1,057 | +€979 | +1,248% |
| Profit (loss) for the period before taxes | 9903 | €3,435 | €17,136 | +€13,701 | +399% |
| Income taxes | 67/77 | €766 | €3,440 | +€2,674 | +349% |
| Profit (loss) for the period | 9904 | €2,669 | €13,696 | +€11,027 | +413% |
| Profit (loss) for the period to be appropriated | 9905 | €2,669 | €13,696 | +€11,027 | +413% |
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 26 October 2026 via checked.be.