Sulvendor: 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.
Sulvendor
Largest movements
- Cash +€14,236
up €14,236 (+5.3%), from €268,242 to €282,478
mainly Receivables within one year (+€12,634) and Net result for the year (+€8,129)
- Receivables within one year -€12,634
down €12,634 (-35.9%), from €35,165 to €22,531
of which Trade receivables: -€30,060
- Stocks and contracts +€3,965
up €3,965 (+20.0%), from €19,849 to €23,814
- Reserves +€8,129
up €8,129 (+3.1%), from €264,877 to €273,007
- Tax, wage and social debts -€3,910
down €3,910 (-9.5%), from €41,348 to €37,438
- Trade debts +€3,736
up €3,736 (+11.7%), from €31,949 to €35,685
- Gross operating margin -€132,902
down €132,902 (-90.6%), from €146,674 to €13,771
- Taxes -€30,617
down €30,617 (-94.9%), from €32,269 to €1,652
- Financial income -€3,057
down €3,057 (-93.7%), from €3,261 to €205
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.
Derived cash bridge
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 | €340,834 | €350,021 | +€9,187 | +2.7% |
| Fixed assets | 21/28 | €14,151 | €15,288 | +€1,137 | +8.0% |
| Tangible fixed assets | 22/27 | €13,001 | €14,138 | +€1,137 | +8.7% |
| Furniture and vehicles | 24 | €2,614 | €1,620 | -€994 | -38.0% |
| Other tangible fixed assets | 26 | €10,387 | €12,517 | +€2,131 | +20.5% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €326,683 | €334,733 | +€8,051 | +2.5% |
| Stocks and contracts in progress | 3 | €19,849 | €23,814 | +€3,965 | +20.0% |
| Stocks | 30/36 | €19,849 | €23,814 | +€3,965 | +20.0% |
| Amounts receivable within one year | 40/41 | €35,165 | €22,531 | -€12,634 | -35.9% |
| Trade receivables | 40 | €35,165 | €5,105 | -€30,060 | -85.5% |
| Other amounts receivable | 41 | - | €17,426 | +€17,426 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €268,242 | €282,478 | +€14,236 | +5.3% |
| Deferred charges and accrued income | 490/1 | €3,427 | €5,910 | +€2,483 | +72.5% |
| Total equity and liabilities | 10/49 | €340,834 | €350,021 | +€9,187 | +2.7% |
| Equity | 10/15 | €267,377 | €275,507 | +€8,129 | +3.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €264,877 | €273,007 | +€8,129 | +3.1% |
| Distributable reserves | 133 | €264,877 | €273,007 | +€8,129 | +3.1% |
| Amounts payable | 17/49 | €73,456 | €74,514 | +€1,058 | +1.4% |
| Amounts payable within one year | 42/48 | €73,456 | €74,514 | +€1,058 | +1.4% |
| Financial debts | 43 | €74 | €56 | -€17 | -23.6% |
| Credit institutions | 430/8 | €74 | €0 | -€74 | -100% |
| Other loans | 439 | - | €56 | +€56 | |
| Trade debts | 44 | €31,949 | €35,685 | +€3,736 | +11.7% |
| Suppliers | 440/4 | €31,949 | €35,685 | +€3,736 | +11.7% |
| Taxes, remuneration and social security | 45 | €41,348 | €37,438 | -€3,910 | -9.5% |
| Taxes | 450/3 | €41,348 | €37,438 | -€3,910 | -9.5% |
| Other amounts payable | 47/48 | €85 | €1,335 | +€1,250 | +1,467% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €2,161 | +€1,302 | +151% |
| Other operating charges | 640/8 | €1,170 | €1,204 | +€34 | +2.9% |
| Gross operating margin | 9900 | €146,674 | €13,771 | -€132,902 | -90.6% |
| Operating profit (loss) | 9901 | €144,644 | €10,406 | -€134,238 | -92.8% |
| Financial income | 75/76B | €3,261 | €205 | -€3,057 | -93.7% |
| Recurring financial income | 75 | €3,261 | €205 | -€3,057 | -93.7% |
| Financial charges | 65/66B | €1,119 | €830 | -€289 | -25.8% |
| Recurring financial charges | 65 | €1,119 | €830 | -€289 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €146,787 | €9,781 | -€137,006 | -93.3% |
| Income taxes | 67/77 | €32,269 | €1,652 | -€30,617 | -94.9% |
| Profit (loss) for the period | 9904 | €114,518 | €8,129 | -€106,389 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,518 | €8,129 | -€106,389 | -92.9% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.