SULTAN TAHA: 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 TAHA
Largest movements
- Stocks and contracts +€72,658
up €72,658 (+83.1%), from €87,412 to €160,070
- Tangible fixed assets +€28,416
up €28,416 (+79.2%), from €35,894 to €64,309
- Receivables within one year -€23,761
down €23,761 (-76.6%), from €31,027 to €7,267
of which Trade receivables: -€23,476
- Debts after one year +€27,705
up €27,705 (+126.8%), from €21,847 to €49,551
- Profit (loss) carried forward +€20,807
up €20,807 (+162.3%), from €12,819 to €33,626
- Current portion of long-term debt +€10,384
up €10,384 (+68.4%), from €15,190 to €25,574
- Tax, wage and social debts +€10,288
up €10,288 (+11.0%), from €93,750 to €104,038
of which Remuneration and social security: +€5,323
- Other debts +€9,555
up €9,555 (+558.4%), from €1,711 to €11,266
- Gross operating margin +€55,422
up €55,422 (+69.4%), from €79,852 to €135,274
- Taxes +€6,202
up €6,202 (+630.3%), from €984 to €7,186
- Depreciation +€5,508
up €5,508 (+34.1%), from €16,145 to €21,653
- Staff costs +€3,507
up €3,507 (+4.7%), from €74,358 to €77,866
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 | €157,979 | €235,680 | +€77,701 | +49.2% |
| Fixed assets | 21/28 | €38,894 | €67,309 | +€28,416 | +73.1% |
| Tangible fixed assets | 22/27 | €35,894 | €64,309 | +€28,416 | +79.2% |
| Leasing and similar rights | 25 | €35,894 | €64,309 | +€28,416 | +79.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €119,085 | €168,371 | +€49,286 | +41.4% |
| Stocks and contracts in progress | 3 | €87,412 | €160,070 | +€72,658 | +83.1% |
| Stocks | 30/36 | €87,412 | €160,070 | +€72,658 | +83.1% |
| Amounts receivable within one year | 40/41 | €31,027 | €7,267 | -€23,761 | -76.6% |
| Trade receivables | 40 | €28,516 | €5,040 | -€23,476 | -82.3% |
| Other amounts receivable | 41 | €2,511 | €2,227 | -€284 | -11.3% |
| Cash at bank and in hand | 54/58 | €18 | - | -€18 | |
| Deferred charges and accrued income | 490/1 | €628 | €1,034 | +€406 | +64.7% |
| Total equity and liabilities | 10/49 | €157,979 | €235,680 | +€77,701 | +49.2% |
| Equity | 10/15 | €13,819 | €34,626 | +€20,807 | +150.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,819 | €33,626 | +€20,807 | +162.3% |
| Amounts payable | 17/49 | €144,160 | €201,054 | +€56,895 | +39.5% |
| Amounts payable after more than one year | 17 | €21,847 | €49,551 | +€27,705 | +126.8% |
| Financial debts | 170/4 | €21,847 | €49,551 | +€27,705 | +126.8% |
| Amounts payable within one year | 42/48 | €122,313 | €151,503 | +€29,190 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €15,190 | €25,574 | +€10,384 | +68.4% |
| Financial debts | 43 | €2,296 | €4,785 | +€2,489 | +108.4% |
| Credit institutions | 430/8 | €2,296 | €4,785 | +€2,489 | +108.4% |
| Trade debts | 44 | €9,367 | €5,841 | -€3,525 | -37.6% |
| Suppliers | 440/4 | €9,367 | €5,841 | -€3,525 | -37.6% |
| Taxes, remuneration and social security | 45 | €93,750 | €104,038 | +€10,288 | +11.0% |
| Taxes | 450/3 | €5,192 | €10,157 | +€4,965 | +95.6% |
| Remuneration and social security | 454/9 | €88,558 | €93,881 | +€5,323 | +6.0% |
| Other amounts payable | 47/48 | €1,711 | €11,266 | +€9,555 | +558.4% |
| Remuneration, social security and pensions | 62 | €74,358 | €77,866 | +€3,507 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,145 | €21,653 | +€5,508 | +34.1% |
| Other operating charges | 640/8 | €2,751 | €3,904 | +€1,153 | +41.9% |
| Gross operating margin | 9900 | €79,852 | €135,274 | +€55,422 | +69.4% |
| Operating profit (loss) | 9901 | -€13,402 | €31,851 | +€45,253 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,319 | €3,861 | +€542 | +16.3% |
| Recurring financial charges | 65 | €3,319 | €3,861 | +€542 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,722 | €27,992 | +€44,714 | |
| Income taxes | 67/77 | €984 | €7,186 | +€6,202 | +630.3% |
| Profit (loss) for the period | 9904 | -€17,706 | €20,807 | +€38,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,706 | €20,807 | +€38,512 |
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 8 October 2026 via checked.be.