SULTAN TRADING: 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 TRADING
Largest movements
- Stocks and contracts +€14,787
up €14,787 (+34.7%), from €42,585 to €57,372
- Other debts +€23,796
up €23,796 (+36.8%), from €64,727 to €88,523
- Profit (loss) carried forward -€9,009
down €9,009 (-31.8%), from -€28,342 to -€37,351
- Gross operating margin -€2,461
down €2,461 (-38.8%), from -€6,335 to -€8,796
- Turnover -€2,076
down €2,076 (-16.1%), from €12,861 to €10,785
- Purchases and services +€385
up €385 (+2.0%), from €19,196 to €19,581
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,585 | €57,372 | +€14,787 | +34.7% |
| Current assets | 29/58 | €42,585 | €57,372 | +€14,787 | +34.7% |
| Stocks and contracts in progress | 3 | €42,585 | €57,372 | +€14,787 | +34.7% |
| Stocks | 30/36 | €42,585 | €57,372 | +€14,787 | +34.7% |
| Total equity and liabilities | 10/49 | €42,585 | €57,372 | +€14,787 | +34.7% |
| Equity | 10/15 | -€22,142 | -€31,151 | -€9,009 | -40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,342 | -€37,351 | -€9,009 | -31.8% |
| Amounts payable | 17/49 | €64,727 | €88,523 | +€23,796 | +36.8% |
| Amounts payable within one year | 42/48 | €64,727 | €88,523 | +€23,796 | +36.8% |
| Other amounts payable | 47/48 | €64,727 | €88,523 | +€23,796 | +36.8% |
| Turnover | 70 | €12,861 | €10,785 | -€2,076 | -16.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,196 | €19,581 | +€385 | +2.0% |
| Gross operating margin | 9900 | -€6,335 | -€8,796 | -€2,461 | -38.8% |
| Operating profit (loss) | 9901 | -€6,335 | -€8,796 | -€2,461 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,335 | -€8,796 | -€2,461 | -38.8% |
| Profit (loss) for the period | 9904 | -€6,335 | -€8,796 | -€2,461 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,335 | -€8,796 | -€2,461 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.