SUMEX STEEL ENGINEERING: 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.
SUMEX STEEL ENGINEERING
Largest movements
- Receivables within one year +€72,501
up €72,501 (+42.6%), from €170,087 to €242,588
of which Other amounts receivable: +€73,321
- Cash -€37,004
down €37,004 (-58.9%), from €62,848 to €25,844
mainly Receivables within one year (-€72,501) and Advances received (-€62,714)
- Advances received -€62,714
down €62,714 (-81.0%), from €77,444 to €14,730
- Trade debts +€60,298
up €60,298 (+125.0%), from €48,253 to €108,551
- Profit (loss) carried forward +€36,240
up €36,240 (+94.4%), from €38,404 to €74,643
- Gross operating margin +€66,595
up €66,595, from -€23,011 to €43,584
- Other operating charges -€3,725
down €3,725 (-56.2%), from €6,625 to €2,900
- Financial charges -€2,724
down €2,724 (-50.5%), from €5,393 to €2,670
- Financial income -€1,232
down €1,232 (-99.8%), from €1,235 to €3
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,188 | €276,577 | +€34,389 | +14.2% |
| Fixed assets | 21/28 | €6,378 | €4,934 | -€1,444 | -22.6% |
| Tangible fixed assets | 22/27 | €5,883 | €4,439 | -€1,444 | -24.5% |
| Furniture and vehicles | 24 | €5,883 | €4,439 | -€1,444 | -24.5% |
| Financial fixed assets | 28 | €495 | €495 | = | 0.0% |
| Current assets | 29/58 | €235,810 | €271,643 | +€35,833 | +15.2% |
| Amounts receivable within one year | 40/41 | €170,087 | €242,588 | +€72,501 | +42.6% |
| Trade receivables | 40 | €820 | - | -€820 | |
| Other amounts receivable | 41 | €169,267 | €242,588 | +€73,321 | +43.3% |
| Cash at bank and in hand | 54/58 | €62,848 | €25,844 | -€37,004 | -58.9% |
| Deferred charges and accrued income | 490/1 | €2,874 | €3,211 | +€337 | +11.7% |
| Total equity and liabilities | 10/49 | €242,188 | €276,577 | +€34,389 | +14.2% |
| Equity | 10/15 | €74,404 | €110,643 | +€36,240 | +48.7% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Capital | 10 | €32,000 | €32,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Uncalled capital | 101 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,404 | €74,643 | +€36,240 | +94.4% |
| Amounts payable | 17/49 | €167,785 | €165,934 | -€1,851 | -1.1% |
| Amounts payable within one year | 42/48 | €167,275 | €165,114 | -€2,161 | -1.3% |
| Trade debts | 44 | €48,253 | €108,551 | +€60,298 | +125.0% |
| Suppliers | 440/4 | €48,253 | €108,551 | +€60,298 | +125.0% |
| Advances received on contracts in progress | 46 | €77,444 | €14,730 | -€62,714 | -81.0% |
| Taxes, remuneration and social security | 45 | €1,577 | €1,833 | +€255 | +16.2% |
| Taxes | 450/3 | €1,577 | €1,833 | +€255 | +16.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €510 | €820 | +€310 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €1,444 | +€133 | +10.2% |
| Other operating charges | 640/8 | €6,625 | €2,900 | -€3,725 | -56.2% |
| Gross operating margin | 9900 | -€23,011 | €43,584 | +€66,595 | |
| Operating profit (loss) | 9901 | -€30,947 | €39,240 | +€70,187 | |
| Financial income | 75/76B | €1,235 | €3 | -€1,232 | -99.8% |
| Recurring financial income | 75 | €1,235 | €3 | -€1,232 | -99.8% |
| Financial charges | 65/66B | €5,393 | €2,670 | -€2,724 | -50.5% |
| Recurring financial charges | 65 | €5,393 | €2,670 | -€2,724 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,105 | €36,573 | +€71,678 | |
| Income taxes | 67/77 | €332 | €334 | +€2 | +0.6% |
| Profit (loss) for the period | 9904 | -€35,436 | €36,240 | +€71,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,436 | €36,240 | +€71,676 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.