SULTO: 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.
SULTO
Largest movements
- Deferred charges and accrued income -€11,707
down €11,707 (-100.0%), from €11,707 to €0
- Receivables within one year +€4,243
up €4,243 (+15.2%), from €27,854 to €32,098
of which Other amounts receivable: +€4,477
- Cash -€751
down €751 (-37.2%), from €2,018 to €1,267
mainly Other debts (-€17,190) and Trade debts (-€5,183)
- Other debts -€17,190
down €17,190 (-11.2%), from €153,015 to €135,825
- Profit (loss) carried forward +€13,629
up €13,629 (+11.9%), from -€114,750 to -€101,121
- Trade debts -€5,183
down €5,183 (-72.9%), from €7,109 to €1,926
- Gross operating margin +€11,767
up €11,767 (+276.0%), from €4,263 to €16,030
- Other operating charges +€429
up €429 (+32.2%), from €1,333 to €1,763
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 | €63,966 | €55,222 | -€8,744 | -13.7% |
| Fixed assets | 21/28 | €21,764 | €21,235 | -€529 | -2.4% |
| Tangible fixed assets | 22/27 | €20,890 | €20,361 | -€529 | -2.5% |
| Land and buildings | 22 | €20,890 | €20,361 | -€529 | -2.5% |
| Financial fixed assets | 28 | €874 | €874 | = | 0.0% |
| Current assets | 29/58 | €42,201 | €33,987 | -€8,215 | -19.5% |
| Amounts receivable after more than one year | 29 | €622 | €622 | = | 0.0% |
| Other amounts receivable | 291 | €622 | €622 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,854 | €32,098 | +€4,243 | +15.2% |
| Trade receivables | 40 | €27,854 | €27,620 | -€234 | -0.8% |
| Other amounts receivable | 41 | - | €4,477 | +€4,477 | |
| Cash at bank and in hand | 54/58 | €2,018 | €1,267 | -€751 | -37.2% |
| Deferred charges and accrued income | 490/1 | €11,707 | €0 | -€11,707 | -100.0% |
| Total equity and liabilities | 10/49 | €63,966 | €55,222 | -€8,744 | -13.7% |
| Equity | 10/15 | -€96,158 | -€82,529 | +€13,629 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,750 | -€101,121 | +€13,629 | +11.9% |
| Amounts payable | 17/49 | €160,124 | €137,751 | -€22,373 | -14.0% |
| Amounts payable within one year | 42/48 | €160,124 | €137,751 | -€22,373 | -14.0% |
| Trade debts | 44 | €7,109 | €1,926 | -€5,183 | -72.9% |
| Suppliers | 440/4 | €7,109 | €1,926 | -€5,183 | -72.9% |
| Other amounts payable | 47/48 | €153,015 | €135,825 | -€17,190 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529 | €529 | = | 0.0% |
| Other operating charges | 640/8 | €1,333 | €1,763 | +€429 | +32.2% |
| Gross operating margin | 9900 | €4,263 | €16,030 | +€11,767 | +276.0% |
| Operating profit (loss) | 9901 | €2,400 | €13,738 | +€11,337 | +472.3% |
| Financial charges | 65/66B | €59 | €109 | +€50 | +85.5% |
| Recurring financial charges | 65 | €59 | €109 | +€50 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | €2,342 | €13,629 | +€11,287 | +482.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €2,342 | €13,629 | +€11,287 | +482.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,342 | €13,629 | +€11,287 | +482.0% |
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 5 October 2026 via checked.be.