SULTAN SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€27,686
up €27,686 (+239.8%), from €11,544 to €39,230
of which Other amounts receivable: +€19,934
- Cash -€7,149
down €7,149 (-85.1%), from €8,397 to €1,249
mainly Receivables within one year (-€27,686) and Tax, wage and social debts (-€1,450)
- Trade debts +€19,763
new in 2025: €19,763
- Profit (loss) carried forward +€2,224
up €2,224 (+12.0%), from €18,598 to €20,822
- Tax, wage and social debts -€1,450
down €1,450 (-54.2%), from €2,677 to €1,227
of which Taxes: -€1,277
- Purchases and services +€24,591
up €24,591 (+131.7%), from €18,672 to €43,263
- Turnover +€13,163
up €13,163 (+32.6%), from €40,357 to €53,520
- Gross operating margin -€11,428
down €11,428 (-52.7%), from €21,685 to €10,257
- Staff costs +€6,705
up €6,705 (+978.3%), from €685 to €7,391
- Depreciation -€2,367
no longer reported in 2025 (was €2,367)
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 | €22,275 | €42,812 | +€20,537 | +92.2% |
| Fixed assets | 21/28 | €2,333 | €2,333 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,333 | €2,333 | = | 0.0% |
| Furniture and vehicles | 24 | €2,333 | €2,333 | = | 0.0% |
| Current assets | 29/58 | €19,942 | €40,479 | +€20,537 | +103.0% |
| Amounts receivable within one year | 40/41 | €11,544 | €39,230 | +€27,686 | +239.8% |
| Trade receivables | 40 | €7,628 | €15,379 | +€7,752 | +101.6% |
| Other amounts receivable | 41 | €3,917 | €23,851 | +€19,934 | +508.9% |
| Cash at bank and in hand | 54/58 | €8,397 | €1,249 | -€7,149 | -85.1% |
| Total equity and liabilities | 10/49 | €22,275 | €42,812 | +€20,537 | +92.2% |
| Equity | 10/15 | €19,598 | €21,822 | +€2,224 | +11.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,598 | €20,822 | +€2,224 | +12.0% |
| Amounts payable | 17/49 | €2,677 | €20,990 | +€18,313 | +684.1% |
| Amounts payable within one year | 42/48 | €2,677 | €20,990 | +€18,313 | +684.1% |
| Trade debts | 44 | - | €19,763 | +€19,763 | |
| Suppliers | 440/4 | - | €19,763 | +€19,763 | |
| Taxes, remuneration and social security | 45 | €2,677 | €1,227 | -€1,450 | -54.2% |
| Taxes | 450/3 | €1,730 | €453 | -€1,277 | -73.8% |
| Remuneration and social security | 454/9 | €947 | €774 | -€173 | -18.2% |
| Turnover | 70 | €40,357 | €53,520 | +€13,163 | +32.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,672 | €43,263 | +€24,591 | +131.7% |
| Remuneration, social security and pensions | 62 | €685 | €7,391 | +€6,705 | +978.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,367 | - | -€2,367 | |
| Other operating charges | 640/8 | - | €590 | +€590 | |
| Gross operating margin | 9900 | €21,685 | €10,257 | -€11,428 | -52.7% |
| Operating profit (loss) | 9901 | €18,633 | €2,276 | -€16,356 | -87.8% |
| Financial charges | 65/66B | €35 | €52 | +€17 | +48.4% |
| Recurring financial charges | 65 | €35 | €52 | +€17 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €18,598 | €2,224 | -€16,373 | -88.0% |
| Profit (loss) for the period | 9904 | €18,598 | €2,224 | -€16,373 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,598 | €2,224 | -€16,373 | -88.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.