SULTAN HOLIDAYS: 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.
SULTAN HOLIDAYS
Largest movements
- Tangible fixed assets -€3,111
no longer reported in 2025 (was €3,111)
- Cash -€97
down €97 (-11.6%), from €833 to €736
mainly Net result for the year (-€10,666)
- Profit (loss) carried forward -€10,666
down €10,666 (-30.7%), from -€34,709 to -€45,375
- Other debts +€7,450
up €7,450 (+66.6%), from €11,179 to €18,629
- Other operating charges +€3,485
up €3,485 (+546.8%), from €637 to €4,122
- Gross operating margin +€551
up €551 (+14.2%), from -€3,887 to -€3,336
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 | €7,504 | €4,296 | -€3,208 | -42.7% |
| Fixed assets | 21/28 | €3,111 | - | -€3,111 | |
| Tangible fixed assets | 22/27 | €3,111 | - | -€3,111 | |
| Land and buildings | 22 | €3,111 | - | -€3,111 | |
| Current assets | 29/58 | €4,393 | €4,296 | -€97 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,560 | €3,560 | = | 0.0% |
| Other amounts receivable | 41 | €3,560 | €3,560 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €833 | €736 | -€97 | -11.6% |
| Total equity and liabilities | 10/49 | €7,504 | €4,296 | -€3,208 | -42.7% |
| Equity | 10/15 | -€3,722 | -€14,388 | -€10,666 | -286.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,709 | -€45,375 | -€10,666 | -30.7% |
| Amounts payable | 17/49 | €11,226 | €18,684 | +€7,458 | +66.4% |
| Amounts payable within one year | 42/48 | €11,226 | €18,684 | +€7,458 | +66.4% |
| Trade debts | 44 | €47 | €56 | +€8 | +17.1% |
| Suppliers | 440/4 | €47 | €56 | +€8 | +17.1% |
| Other amounts payable | 47/48 | €11,179 | €18,629 | +€7,450 | +66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,112 | €3,111 | -€0 | 0.0% |
| Other operating charges | 640/8 | €637 | €4,122 | +€3,485 | +546.8% |
| Gross operating margin | 9900 | -€3,887 | -€3,336 | +€551 | +14.2% |
| Operating profit (loss) | 9901 | -€7,636 | -€10,569 | -€2,934 | -38.4% |
| Financial charges | 65/66B | €100 | €97 | -€4 | -3.6% |
| Recurring financial charges | 65 | €100 | €97 | -€4 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,736 | -€10,666 | -€2,930 | -37.9% |
| Profit (loss) for the period | 9904 | -€7,736 | -€10,666 | -€2,930 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,736 | -€10,666 | -€2,930 | -37.9% |
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 11 October 2026 via checked.be.