SULITO: 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.
SULITO
Largest movements
- Tangible fixed assets +€27,931
up €27,931 (+33.5%), from €83,340 to €111,271
of which Land and buildings: +€18,325
- Cash -€20,374
down €20,374 (-46.9%), from €43,486 to €23,113
mainly Investment in fixed assets (net) (-€55,613) and Other debts (-€24,646)
- Receivables within one year -€10,768
down €10,768 (-20.7%), from €52,128 to €41,360
of which Trade receivables: -€12,538
- Stocks and contracts +€4,125
up €4,125 (+17.9%), from €23,000 to €27,125
- Reserves +€30,850
up €30,850 (+38.7%), from €79,798 to €110,648
- Other debts -€24,646
down €24,646 (-61.9%), from €39,822 to €15,177
- Debts after one year +€8,916
up €8,916 (+36.6%), from €24,379 to €33,296
- Tax, wage and social debts -€7,868
down €7,868 (-46.6%), from €16,888 to €9,020
- Trade debts -€7,702
down €7,702 (-59.1%), from €13,026 to €5,325
- Depreciation -€8,898
down €8,898 (-24.3%), from €36,580 to €27,682
- Taxes +€3,363
up €3,363 (+33.2%), from €10,117 to €13,480
- Gross operating margin +€1,493
up €1,493 (+1.9%), from €77,027 to €78,520
- Financial charges +€1,401
up €1,401 (+89.8%), from €1,560 to €2,961
- Other operating charges -€810
down €810 (-54.8%), from €1,479 to €668
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 | €203,361 | €203,601 | +€240 | +0.1% |
| Fixed assets | 21/28 | €83,340 | €111,271 | +€27,931 | +33.5% |
| Tangible fixed assets | 22/27 | €83,340 | €111,271 | +€27,931 | +33.5% |
| Land and buildings | 22 | €18,473 | €36,798 | +€18,325 | +99.2% |
| Plant, machinery and equipment | 23 | €4,750 | €4,913 | +€163 | +3.4% |
| Furniture and vehicles | 24 | €60,116 | €69,559 | +€9,443 | +15.7% |
| Current assets | 29/58 | €120,021 | €92,330 | -€27,691 | -23.1% |
| Stocks and contracts in progress | 3 | €23,000 | €27,125 | +€4,125 | +17.9% |
| Stocks | 30/36 | €23,000 | €27,125 | +€4,125 | +17.9% |
| Amounts receivable within one year | 40/41 | €52,128 | €41,360 | -€10,768 | -20.7% |
| Trade receivables | 40 | €51,544 | €39,007 | -€12,538 | -24.3% |
| Other amounts receivable | 41 | €583 | €2,354 | +€1,770 | +303.5% |
| Cash at bank and in hand | 54/58 | €43,486 | €23,113 | -€20,374 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,407 | €732 | -€675 | -48.0% |
| Total equity and liabilities | 10/49 | €203,361 | €203,601 | +€240 | +0.1% |
| Equity | 10/15 | €86,003 | €116,853 | +€30,850 | +35.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €79,798 | €110,648 | +€30,850 | +38.7% |
| Distributable reserves | 133 | €79,798 | €110,648 | +€30,850 | +38.7% |
| Amounts payable | 17/49 | €117,358 | €86,748 | -€30,610 | -26.1% |
| Amounts payable after more than one year | 17 | €24,379 | €33,296 | +€8,916 | +36.6% |
| Financial debts | 170/4 | €24,379 | €33,296 | +€8,916 | +36.6% |
| Amounts payable within one year | 42/48 | €92,978 | €53,452 | -€39,526 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | €23,241 | €23,930 | +€689 | +3.0% |
| Trade debts | 44 | €13,026 | €5,325 | -€7,702 | -59.1% |
| Suppliers | 440/4 | €13,026 | €5,325 | -€7,702 | -59.1% |
| Taxes, remuneration and social security | 45 | €16,888 | €9,020 | -€7,868 | -46.6% |
| Taxes | 450/3 | €16,888 | €9,020 | -€7,868 | -46.6% |
| Other amounts payable | 47/48 | €39,822 | €15,177 | -€24,646 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,580 | €27,682 | -€8,898 | -24.3% |
| Other operating charges | 640/8 | €1,479 | €668 | -€810 | -54.8% |
| Non-recurring operating charges | 66A | €1,723 | €3,244 | +€1,521 | +88.3% |
| Gross operating margin | 9900 | €77,027 | €78,520 | +€1,493 | +1.9% |
| Operating profit (loss) | 9901 | €37,245 | €46,925 | +€9,680 | +26.0% |
| Financial income | 75/76B | - | €365 | +€365 | |
| Recurring financial income | 75 | - | €365 | +€365 | |
| Financial charges | 65/66B | €1,560 | €2,961 | +€1,401 | +89.8% |
| Recurring financial charges | 65 | €1,560 | €2,961 | +€1,401 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €35,685 | €44,330 | +€8,644 | +24.2% |
| Income taxes | 67/77 | €10,117 | €13,480 | +€3,363 | +33.2% |
| Profit (loss) for the period | 9904 | €25,569 | €30,850 | +€5,281 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,569 | €30,850 | +€5,281 | +20.7% |
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 10 October 2026 via checked.be.