Sultanim: 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.
Sultanim
Largest movements
- Cash -€92,376
down €92,376 (-20.4%), from €451,814 to €359,439
mainly Deferred charges and accrued income (-€75,946) and Investment in fixed assets (net) (-€75,737)
- Deferred charges and accrued income +€75,946
up €75,946 (+303.2%), from €25,050 to €100,997
- Receivables within one year -€61,428
down €61,428 (-15.4%), from €398,947 to €337,518
of which Trade receivables: -€59,965
- Tangible fixed assets +€52,322
up €52,322 (+95.4%), from €54,820 to €107,142
of which Plant, machinery and equipment: +€52,313
- Stocks and contracts +€30,500
up €30,500 (+6.7%), from €452,386 to €482,886
- Tax, wage and social debts -€20,760
down €20,760 (-32.4%), from €64,036 to €43,276
of which Taxes: -€11,626
- Other debts +€18,178
up €18,178 (+74.1%), from €24,527 to €42,705
- Taxes -€261,597
down €261,597 (-86.8%), from €301,494 to €39,897
- Other operating charges +€16,536
up €16,536 (+162.7%), from €10,162 to €26,699
- Depreciation +€12,534
up €12,534 (+115.2%), from €10,882 to €23,416
- Gross operating margin +€11,613
up €11,613 (+5.3%), from €220,842 to €232,455
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 | €1,404,467 | €1,409,431 | +€4,964 | +0.4% |
| Fixed assets | 21/28 | €76,270 | €128,592 | +€52,322 | +68.6% |
| Tangible fixed assets | 22/27 | €54,820 | €107,142 | +€52,322 | +95.4% |
| Plant, machinery and equipment | 23 | €41,560 | €93,873 | +€52,313 | +125.9% |
| Furniture and vehicles | 24 | €13,261 | €13,270 | +€9 | +0.1% |
| Financial fixed assets | 28 | €21,450 | €21,450 | = | 0.0% |
| Current assets | 29/58 | €1,328,197 | €1,280,839 | -€47,358 | -3.6% |
| Stocks and contracts in progress | 3 | €452,386 | €482,886 | +€30,500 | +6.7% |
| Stocks | 30/36 | €452,386 | €482,886 | +€30,500 | +6.7% |
| Amounts receivable within one year | 40/41 | €398,947 | €337,518 | -€61,428 | -15.4% |
| Trade receivables | 40 | €364,821 | €304,856 | -€59,965 | -16.4% |
| Other amounts receivable | 41 | €34,125 | €32,662 | -€1,463 | -4.3% |
| Cash at bank and in hand | 54/58 | €451,814 | €359,439 | -€92,376 | -20.4% |
| Deferred charges and accrued income | 490/1 | €25,050 | €100,997 | +€75,946 | +303.2% |
| Total equity and liabilities | 10/49 | €1,404,467 | €1,409,431 | +€4,964 | +0.4% |
| Equity | 10/15 | €168,571 | €176,236 | +€7,665 | +4.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Capital | 10 | €22,000 | €22,000 | = | 0.0% |
| Issued capital | 100 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Legal reserve | 130 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,371 | €152,036 | +€7,665 | +5.3% |
| Amounts payable | 17/49 | €1,235,896 | €1,233,195 | -€2,701 | -0.2% |
| Amounts payable within one year | 42/48 | €1,235,896 | €1,233,195 | -€2,701 | -0.2% |
| Trade debts | 44 | €1,147,334 | €1,147,214 | -€119 | 0.0% |
| Suppliers | 440/4 | €1,147,334 | €1,147,214 | -€119 | 0.0% |
| Taxes, remuneration and social security | 45 | €64,036 | €43,276 | -€20,760 | -32.4% |
| Taxes | 450/3 | €48,757 | €37,131 | -€11,626 | -23.8% |
| Remuneration and social security | 454/9 | €15,279 | €6,145 | -€9,134 | -59.8% |
| Other amounts payable | 47/48 | €24,527 | €42,705 | +€18,178 | +74.1% |
| Non-recurring operating income | 76A | - | €6,900 | +€6,900 | |
| Remuneration, social security and pensions | 62 | €77,184 | €78,479 | +€1,295 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,882 | €23,416 | +€12,534 | +115.2% |
| Other operating charges | 640/8 | €10,162 | €26,699 | +€16,536 | +162.7% |
| Gross operating margin | 9900 | €220,842 | €232,455 | +€11,613 | +5.3% |
| Operating profit (loss) | 9901 | €122,613 | €103,862 | -€18,752 | -15.3% |
| Financial income | 75/76B | €65 | €14 | -€51 | -78.1% |
| Recurring financial income | 75 | €65 | €14 | -€51 | -78.1% |
| Financial charges | 65/66B | €3,863 | €2,785 | -€1,078 | -27.9% |
| Recurring financial charges | 65 | €3,863 | €2,785 | -€1,078 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €118,816 | €101,091 | -€17,724 | -14.9% |
| Income taxes | 67/77 | €301,494 | €39,897 | -€261,597 | -86.8% |
| Profit (loss) for the period | 9904 | -€182,679 | €61,194 | +€243,873 | |
| Profit (loss) for the period to be appropriated | 9905 | -€182,679 | €61,194 | +€243,873 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.