SULE: 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.
SULE
Largest movements
- Receivables within one year +€16,347
up €16,347 (+6618.2%), from €247 to €16,594
- Cash +€7,861
up €7,861 (+236.6%), from €3,322 to €11,183
mainly Trade debts (+€21,512) and Net result for the year (+€11,636)
- Stocks and contracts +€3,049
up €3,049 (+3629.8%), from €84 to €3,133
- Tangible fixed assets -€877
down €877 (-2.8%), from €30,923 to €30,046
of which Furniture and vehicles: -€3,112
- Trade debts +€21,512
up €21,512 (+4834.2%), from €445 to €21,957
- Profit (loss) carried forward +€11,636
up €11,636 (+11.6%), from -€100,233 to -€88,597
- Other debts -€6,961
down €6,961 (-6.1%), from €113,865 to €106,904
- Gross operating margin +€16,046
up €16,046 (+443.9%), from €3,615 to €19,661
- Depreciation +€823
up €823 (+13.6%), from €6,054 to €6,877
- Financial charges +€439
up €439 (+187.6%), from €234 to €673
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,576 | €60,956 | +€26,380 | +76.3% |
| Fixed assets | 21/28 | €30,923 | €30,046 | -€877 | -2.8% |
| Tangible fixed assets | 22/27 | €30,923 | €30,046 | -€877 | -2.8% |
| Land and buildings | 22 | €22,326 | €19,384 | -€2,942 | -13.2% |
| Plant, machinery and equipment | 23 | - | €5,177 | +€5,177 | |
| Furniture and vehicles | 24 | €8,597 | €5,485 | -€3,112 | -36.2% |
| Current assets | 29/58 | €3,653 | €30,910 | +€27,257 | +746.2% |
| Stocks and contracts in progress | 3 | €84 | €3,133 | +€3,049 | +3629.8% |
| Stocks | 30/36 | €84 | €3,133 | +€3,049 | +3629.8% |
| Amounts receivable within one year | 40/41 | €247 | €16,594 | +€16,347 | +6618.2% |
| Trade receivables | 40 | €247 | €16,594 | +€16,347 | +6618.2% |
| Cash at bank and in hand | 54/58 | €3,322 | €11,183 | +€7,861 | +236.6% |
| Total equity and liabilities | 10/49 | €34,576 | €60,956 | +€26,380 | +76.3% |
| Equity | 10/15 | -€81,131 | -€69,495 | +€11,636 | +14.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €510 | €510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €510 | €510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €510 | €510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,233 | -€88,597 | +€11,636 | +11.6% |
| Amounts payable | 17/49 | €115,707 | €130,451 | +€14,744 | +12.7% |
| Amounts payable within one year | 42/48 | €115,707 | €130,451 | +€14,744 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €59 | - | -€59 | |
| Trade debts | 44 | €445 | €21,957 | +€21,512 | +4834.2% |
| Suppliers | 440/4 | €445 | €21,957 | +€21,512 | +4834.2% |
| Taxes, remuneration and social security | 45 | €1,338 | €1,590 | +€252 | +18.8% |
| Taxes | 450/3 | €1,338 | €1,590 | +€252 | +18.8% |
| Other amounts payable | 47/48 | €113,865 | €106,904 | -€6,961 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,054 | €6,877 | +€823 | +13.6% |
| Other operating charges | 640/8 | €384 | €485 | +€101 | +26.3% |
| Gross operating margin | 9900 | €3,615 | €19,661 | +€16,046 | +443.9% |
| Operating profit (loss) | 9901 | -€2,823 | €12,299 | +€15,122 | |
| Financial income | 75/76B | €32 | €10 | -€22 | -68.8% |
| Recurring financial income | 75 | €32 | €10 | -€22 | -68.8% |
| Financial charges | 65/66B | €234 | €673 | +€439 | +187.6% |
| Recurring financial charges | 65 | €234 | €673 | +€439 | +187.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,025 | €11,636 | +€14,661 | |
| Profit (loss) for the period | 9904 | -€3,025 | €11,636 | +€14,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,025 | €11,636 | +€14,661 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.