Sultan Ari: 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.
Sultan Ari
Largest movements
- Receivables within one year +€24,915
up €24,915 (+54.9%), from €45,358 to €70,273
of which Other amounts receivable: +€70,273
- Deferred charges and accrued income -€9,232
no longer reported in 2024 (was €9,232)
- Cash +€4,511
up €4,511 (+300.3%), from €1,502 to €6,014
mainly Tax, wage and social debts (+€32,056) and Net result for the year (+€15,530)
- Financial fixed assets +€3,400
up €3,400 (+3404.8%), from €100 to €3,500
- Intangible fixed assets -€3,072
down €3,072 (-48.9%), from €6,284 to €3,212
- Tax, wage and social debts +€32,056
up €32,056 (+3528.8%), from €908 to €32,965
- Other debts -€28,074
no longer reported in 2024 (was €28,074)
- Profit (loss) carried forward +€15,530
up €15,530 (+164.2%), from €9,458 to €24,988
- Gross operating margin +€34,227
up €34,227 (+318.0%), from €10,762 to €44,989
- Staff costs +€17,973
new in 2024: €17,973
- Taxes +€7,364
up €7,364 (+967.2%), from €761 to €8,125
- Depreciation -€2,744
down €2,744 (-42.1%), from €6,522 to €3,778
- Financial income +€2,119
new in 2024: €2,119
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 | €63,692 | €83,509 | +€19,817 | +31.1% |
| Formation expenses | 20 | €21 | - | -€21 | |
| Fixed assets | 21/28 | €7,579 | €7,222 | -€357 | -4.7% |
| Intangible fixed assets | 21 | €6,284 | €3,212 | -€3,072 | -48.9% |
| Tangible fixed assets | 22/27 | €1,196 | €510 | -€685 | -57.3% |
| Plant, machinery and equipment | 23 | €207 | €0 | -€207 | -100.0% |
| Furniture and vehicles | 24 | €988 | €510 | -€478 | -48.4% |
| Financial fixed assets | 28 | €100 | €3,500 | +€3,400 | +3404.8% |
| Current assets | 29/58 | €56,092 | €76,287 | +€20,195 | +36.0% |
| Amounts receivable within one year | 40/41 | €45,358 | €70,273 | +€24,915 | +54.9% |
| Trade receivables | 40 | €45,358 | - | -€45,358 | |
| Other amounts receivable | 41 | - | €70,273 | +€70,273 | |
| Cash at bank and in hand | 54/58 | €1,502 | €6,014 | +€4,511 | +300.3% |
| Deferred charges and accrued income | 490/1 | €9,232 | - | -€9,232 | |
| Total equity and liabilities | 10/49 | €63,692 | €83,509 | +€19,817 | +31.1% |
| Equity | 10/15 | €28,058 | €43,588 | +€15,530 | +55.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,458 | €24,988 | +€15,530 | +164.2% |
| Amounts payable | 17/49 | €35,634 | €39,921 | +€4,287 | +12.0% |
| Amounts payable within one year | 42/48 | €35,634 | €39,921 | +€4,287 | +12.0% |
| Trade debts | 44 | €6,651 | €6,956 | +€305 | +4.6% |
| Suppliers | 440/4 | €6,651 | €6,956 | +€305 | +4.6% |
| Taxes, remuneration and social security | 45 | €908 | €32,965 | +€32,056 | +3528.8% |
| Taxes | 450/3 | €908 | €32,965 | +€32,056 | +3528.8% |
| Other amounts payable | 47/48 | €28,074 | - | -€28,074 | |
| Remuneration, social security and pensions | 62 | - | €17,973 | +€17,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,522 | €3,778 | -€2,744 | -42.1% |
| Other operating charges | 640/8 | €384 | €1,703 | +€1,318 | +342.9% |
| Gross operating margin | 9900 | €10,762 | €44,989 | +€34,227 | +318.0% |
| Operating profit (loss) | 9901 | €3,856 | €21,536 | +€17,680 | +458.5% |
| Financial income | 75/76B | - | €2,119 | +€2,119 | |
| Recurring financial income | 75 | - | €2,119 | +€2,119 | |
| Financial charges | 65/66B | €1,799 | - | -€1,799 | |
| Recurring financial charges | 65 | €1,799 | - | -€1,799 | |
| Profit (loss) for the period before taxes | 9903 | €2,057 | €23,655 | +€21,598 | +1050.2% |
| Income taxes | 67/77 | €761 | €8,125 | +€7,364 | +967.2% |
| Profit (loss) for the period | 9904 | €1,295 | €15,530 | +€14,235 | +1098.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,295 | €15,530 | +€14,235 | +1098.9% |
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 3 October 2026 via checked.be.