SUSHMA: 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.
SUSHMA
Largest movements
- Tangible fixed assets +€37,111
up €37,111 (+11.6%), from €319,071 to €356,182
of which Furniture and vehicles: +€47,014
- Cash +€15,023
up €15,023 (+23.4%), from €64,153 to €79,176
mainly Net result for the year (+€45,811) and Depreciation (+€21,744)
- Receivables within one year +€11,269
up €11,269 (+3037.5%), from €371 to €11,640
of which Trade receivables: +€8,090
- Intangible fixed assets -€5,250
down €5,250 (-75.0%), from €7,000 to €1,750
- Reserves +€41,268
up €41,268 (+263.4%), from €15,669 to €56,937
- Profit (loss) carried forward -€22,957
down €22,957 (-55.6%), from €41,268 to €18,311
- Debts after one year +€18,457
up €18,457 (+7.3%), from €254,168 to €272,625
- Other debts +€18,215
up €18,215 (+48.9%), from €37,262 to €55,477
- Current portion of long-term debt +€7,263
up €7,263 (+83.7%), from €8,674 to €15,937
- Taxes +€12,764
up €12,764 (+424.2%), from €3,009 to €15,773
- Gross operating margin +€12,480
up €12,480 (+12.3%), from €101,178 to €113,658
- Financial income +€9,310
new in 2025: €9,310
of which Non-recurring financial income: +€9,132
- Depreciation +€2,857
up €2,857 (+15.1%), from €18,887 to €21,744
- Staff costs +€2,197
up €2,197 (+12.4%), from €17,716 to €19,913
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 | €392,600 | €450,629 | +€58,029 | +14.8% |
| Fixed assets | 21/28 | €326,071 | €357,932 | +€31,861 | +9.8% |
| Intangible fixed assets | 21 | €7,000 | €1,750 | -€5,250 | -75.0% |
| Tangible fixed assets | 22/27 | €319,071 | €356,182 | +€37,111 | +11.6% |
| Land and buildings | 22 | €309,567 | €298,846 | -€10,721 | -3.5% |
| Plant, machinery and equipment | 23 | €7,501 | €8,319 | +€818 | +10.9% |
| Furniture and vehicles | 24 | €2,003 | €49,017 | +€47,014 | +2347.2% |
| Current assets | 29/58 | €66,529 | €92,697 | +€26,168 | +39.3% |
| Stocks and contracts in progress | 3 | €2,005 | €1,881 | -€124 | -6.2% |
| Stocks | 30/36 | €2,005 | €1,881 | -€124 | -6.2% |
| Amounts receivable within one year | 40/41 | €371 | €11,640 | +€11,269 | +3037.5% |
| Trade receivables | 40 | - | €8,090 | +€8,090 | |
| Other amounts receivable | 41 | €371 | €3,550 | +€3,179 | +856.9% |
| Cash at bank and in hand | 54/58 | €64,153 | €79,176 | +€15,023 | +23.4% |
| Total equity and liabilities | 10/49 | €392,600 | €450,629 | +€58,029 | +14.8% |
| Equity | 10/15 | €75,537 | €93,848 | +€18,311 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,669 | €56,937 | +€41,268 | +263.4% |
| Distributable reserves | 133 | €15,669 | €56,937 | +€41,268 | +263.4% |
| Profit (loss) carried forward | 14 | €41,268 | €18,311 | -€22,957 | -55.6% |
| Amounts payable | 17/49 | €317,063 | €356,781 | +€39,718 | +12.5% |
| Amounts payable after more than one year | 17 | €254,168 | €272,625 | +€18,457 | +7.3% |
| Financial debts | 170/4 | €254,168 | €272,625 | +€18,457 | +7.3% |
| Amounts payable within one year | 42/48 | €62,895 | €83,611 | +€20,716 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €8,674 | €15,937 | +€7,263 | +83.7% |
| Trade debts | 44 | €8,867 | €2,385 | -€6,482 | -73.1% |
| Suppliers | 440/4 | €8,867 | €2,385 | -€6,482 | -73.1% |
| Taxes, remuneration and social security | 45 | €8,092 | €9,812 | +€1,720 | +21.3% |
| Taxes | 450/3 | €3,983 | €2,955 | -€1,028 | -25.8% |
| Remuneration and social security | 454/9 | €4,109 | €6,857 | +€2,748 | +66.9% |
| Other amounts payable | 47/48 | €37,262 | €55,477 | +€18,215 | +48.9% |
| Accrued charges and deferred income | 492/3 | - | €545 | +€545 | |
| Remuneration, social security and pensions | 62 | €17,716 | €19,913 | +€2,197 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,887 | €21,744 | +€2,857 | +15.1% |
| Other operating charges | 640/8 | €3,527 | €3,105 | -€422 | -12.0% |
| Gross operating margin | 9900 | €101,178 | €113,658 | +€12,480 | +12.3% |
| Operating profit (loss) | 9901 | €61,048 | €68,896 | +€7,848 | +12.9% |
| Financial income | 75/76B | - | €9,310 | +€9,310 | |
| Recurring financial income | 75 | - | €178 | +€178 | |
| Non-recurring financial income | 76B | - | €9,132 | +€9,132 | |
| Financial charges | 65/66B | €16,771 | €16,622 | -€149 | -0.9% |
| Recurring financial charges | 65 | €16,771 | €16,622 | -€149 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €44,277 | €61,584 | +€17,307 | +39.1% |
| Income taxes | 67/77 | €3,009 | €15,773 | +€12,764 | +424.2% |
| Profit (loss) for the period | 9904 | €41,268 | €45,811 | +€4,543 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,268 | €45,811 | +€4,543 | +11.0% |
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 10 October 2026 via checked.be.