SUNPART
Annual accounts 2025
abbreviated format, filed on 31-07-2026, on the day of the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €11.2m on 31-12-2025in €m
in €m
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
11.2m | 11.8m | 11.7m | 12.4m | 13.3m | 14.2m | 15.0m | 16.1m | 17.0m | 17.7m | 18.0m | 18.4m | 19.0m | 18.9m | 19.3m | 16.2m | 15.6m | 24.9m | 12.0m | 11.9m | |
21/28 |
11.2m | 11.5m | 11.6m | 12.2m | 13.2m | 14.1m | 15.0m | 16.1m | 17.0m | 17.7m | 17.8m | 14.1m | 13.4m | 12.9m | 12.0m | 9.5m | 8.8m | 9.1m | 7.3m | 7.0m | |
22/27 |
5.4m | 5.7m | 5.9m | 6.4m | 7.0m | 7.5m | 8.0m | 7.6m | 8.1m | 7.8m | 7.8m | 8.3m | 7.6m | 7.1m | 6.2m | 3.7m | 3.0m | 1.1m | 1.2m | 1.2m | |
22 |
4.7m | 4.9m | 5.1m | 5.7m | 6.3m | 6.8m | 7.3m | 6.9m | 7.4m | 7.1m | 7.1m | 7.5m | 6.9m | 6.3m | 5.4m | 3.6m | 3.0m | 1.1m | 1.2m | 1.2m | |
23 |
37,973 | 29,710 | 21,671 | - | - | - | - | 670 | 1,665 | 4,318 | 9,707 | 17,211 | 21,221 | 28,711 | 14,825 | 16,050 | - | - | - | - | |
24 |
52,113 | 50,568 | 50,067 | 33,315 | 21,276 | 13,385 | 16,726 | 30,506 | 40,407 | 53,806 | 67,205 | 68,674 | 80,899 | 93,124 | 105,350 | 87,985 | - | - | - | - | |
26 |
651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 651,550 | 650,000 | - | - | - | - | - | |
28 |
5.8m | 5.8m | 5.8m | 5.9m | 6.3m | 6.6m | 7.0m | 8.5m | 8.9m | 9.9m | 9.9m | 5.8m | 5.8m | 5.8m | 5.8m | 5.8m | 5.8m | 7.9m | 6.2m | 5.8m | |
280/1 |
- | - | - | - | - | - | - | - | - | - | - | 2.3m | 2.3m | 2.3m | 2.3m | - | - | - | - | - | |
280 |
- | - | - | - | - | - | - | - | - | - | - | 2.3m | 2.3m | 2.3m | 2.3m | - | - | - | - | - | |
282/3 |
- | - | - | - | - | - | - | - | - | - | - | 3.5m | 3.5m | 3.5m | 3.5m | - | - | - | - | - | |
282 |
- | - | - | - | - | - | - | - | - | - | - | 3.5m | 3.5m | 3.5m | 3.5m | - | - | - | - | - | |
29/58 |
41,974 | 318,892 | 26,402 | 120,233 | 33,061 | 16,691 | 34,473 | 34,291 | 16,903 | 23,809 | 257,833 | 4.3m | 5.6m | 6.0m | 7.3m | 6.7m | 6.8m | 15.9m | 4.7m | 4.8m | |
29 |
- | - | - | - | - | - | - | - | - | - | 230,000 | 4.2m | 5.4m | 5.8m | 7.0m | 6.4m | 6.4m | 11.0m | - | - | |
291 |
- | - | - | - | - | - | - | - | - | - | 230,000 | 4.2m | 5.4m | 5.8m | 7.0m | 6.4m | 6.4m | 11.0m | - | - | |
40/41 |
3,750 | 271,784 | 580 | 7,506 | 11,343 | 4,648 | 5,724 | 16,318 | 7,683 | 16,487 | 10,270 | 69,619 | 132,829 | 111,684 | 126,527 | 144,656 | 185,545 | 4.7m | 4.5m | 724,924 | |
40 |
3,750 | 6,711 | 580 | 7,506 | 11,343 | 4,648 | 5,724 | 16,318 | 7,683 | 16,487 | 10,268 | 69,612 | 34,903 | 1,173 | 512 | 443 | - | - | - | - | |
41 |
0 | 265,074 | - | - | - | - | - | - | - | - | 3 | 7 | 97,926 | 110,511 | 126,015 | 144,213 | 185,545 | 4.7m | 4.5m | 724,924 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55,000 | 140,000 | 3.9m | |
54/58 |
38,224 | 47,108 | 25,334 | 112,366 | 21,358 | 12,043 | 28,749 | 17,972 | 6,542 | 7,322 | 17,563 | 7,284 | 36,548 | 16,962 | 37,914 | 38,294 | 70,784 | 3,811 | 12,005 | 208,164 | |
490/1 |
- | 0 | 488 | 361 | 360 | - | - | - | 2,678 | - | - | 42,312 | 69,728 | 83,456 | 144,161 | 110,510 | 203,455 | 25,156 | 27,786 | 3,234 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
11.2m | 11.8m | 11.7m | 12.4m | 13.3m | 14.2m | 15.0m | 16.1m | 17.0m | 17.7m | 18.0m | 18.4m | 19.0m | 18.9m | 19.3m | 16.2m | 15.6m | 24.9m | 12.0m | 11.9m | |
10/15 |
6.2m | 6.7m | 7.2m | 8.1m | 8.9m | 9.8m | 10.7m | 11.8m | 12.6m | 13.5m | 14.2m | 14.4m | 15.1m | 15.6m | 16.0m | 13.4m | 13.7m | 13.9m | 12.0m | 11.9m | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
6.1m | 6.7m | 7.1m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
133 |
6.1m | 6.7m | 7.1m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | 7.2m | |
14 |
- | - | 0 | 760,173 | 1.6m | 2.5m | 3.4m | 4.5m | 5.3m | 6.2m | 6.9m | 7.1m | 7.8m | 8.3m | 8.7m | 6.1m | 6.4m | 6.6m | 4.7m | 4.6m | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,500 | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,500 | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,500 | - | - | - | - | - | |
17/49 |
5.1m | 5.0m | 4.5m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 3.9m | 4.0m | 3.9m | 3.3m | 3.3m | 2.7m | 2.0m | 11.1m | 1,450 | 4,655 | |
42/48 |
5.1m | 5.0m | 4.5m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 3.9m | 4.0m | 3.9m | 3.3m | 3.3m | 2.7m | 2.0m | 11.1m | 1,450 | 4,655 | |
43 |
5.1m | 5.0m | 4.4m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.2m | 3.8m | 3.8m | 3.8m | 3.2m | 3.2m | 2.7m | 1.8m | 11.1m | - | - | |
439 |
5.1m | 5.0m | 4.4m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.3m | 4.2m | 3.8m | 3.8m | 3.8m | 3.2m | 3.2m | 2.7m | 1.8m | 11.1m | - | - | |
44 |
20,484 | 21,503 | 23,869 | 53,280 | 71,801 | 54,632 | 16,923 | 53,264 | 68,552 | 65,930 | 45,148 | 176,657 | 122,959 | 102,069 | 67,132 | 3,261 | 151,651 | 2,082 | 1,450 | 3,220 | |
440/4 |
20,484 | 21,503 | 23,869 | 53,280 | 71,801 | 54,632 | 16,923 | 53,264 | 68,552 | 65,930 | 45,148 | 176,657 | 122,959 | 102,069 | 67,132 | 3,261 | 151,651 | 2,082 | 1,450 | 3,220 | |
46 |
- | - | - | - | 0 | 1,604 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 435 | |
450/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 435 | |
47/48 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,232 | 6,187 | 11,460 | 4,880 | 5,122 | 37,041 | - | - | |
| Income statement | |||||||||||||||||||||
70/76A |
- | - | - | - | - | - | - | - | - | - | - | 76,326 | 70,097 | 16,136 | 36 | - | - | - | - | - | |
70 |
- | - | - | - | - | - | - | - | - | - | - | 2,457 | 590 | 176 | - | - | - | - | - | - | |
76A |
0 | 245,302 | - | - | - | - | - | - | - | - | 391,185 | - | - | - | 316,211 | - | 5,000 | - | - | - | |
9900 |
-52,272 | 202,989 | -64,753 | -108,767 | -113,462 | -85,418 | -52,833 | -66,038 | -105,695 | -74,954 | -93,718 | - | - | - | - | -140,807 | -278,541 | -38,833 | -22,420 | -13,141 | |
60/66A |
- | - | - | - | - | - | - | - | - | - | - | 799,490 | 581,145 | 520,551 | 462,533 | - | - | - | - | - | |
61 |
- | - | - | - | - | - | - | - | - | - | - | 105,391 | 152,904 | 210,345 | 120,112 | - | - | - | - | - | |
630 |
342,190 | 444,739 | 599,597 | 701,879 | 745,992 | 743,907 | 887,352 | 757,813 | 703,915 | 621,746 | 526,715 | 517,551 | 418,423 | 301,952 | 330,458 | 141,060 | 48,694 | 30,780 | 29,023 | 102,568 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | 166,645 | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | -1,500 | 1,500 | - | - | - | - | - | |
640/8 |
12,349 | 15,854 | 7,610 | 10,559 | 10,254 | 10,293 | 10,013 | 7,829 | 7,737 | 7,783 | 9,679 | 9,904 | 9,818 | 9,754 | 10,463 | 6,802 | 4,514 | 17,078 | 4,763 | 1,992 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47,998 | - | - | |
9901 |
-406,811 | -257,604 | -671,959 | -821,204 | -869,708 | -839,618 | -950,198 | -831,680 | -817,347 | -704,483 | -630,112 | -723,164 | -511,048 | -504,415 | -462,497 | -288,668 | -331,749 | -86,691 | -56,206 | -117,701 | |
75/76B |
- | 0 | 852 | 3,805 | 6,466 | 11,117 | 15,321 | 29,317 | 35,492 | 42,882 | 51,514 | 67,309 | 75,099 | 105,935 | 2.8m | 125,770 | 254,611 | 2.0m | 248,394 | 3.0m | |
75 |
- | 0 | 852 | 3,805 | 6,466 | 11,117 | 15,321 | 29,317 | 35,492 | 42,882 | 51,514 | 67,309 | 75,099 | 105,935 | 2.8m | 125,770 | 254,611 | 2.0m | 248,394 | 3.0m | |
750 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.7m | - | - | - | - | - | |
751 |
- | - | - | - | - | - | - | - | - | - | - | 67,266 | 73,013 | 94,454 | 145,300 | - | - | - | - | - | |
752/9 |
- | - | - | - | - | - | - | - | - | - | - | 43 | 2,086 | 11,481 | 3 | - | - | - | - | - | |
65/66B |
156,043 | 207,662 | 189,533 | 63,421 | 43,801 | 43,824 | 143,627 | 43,611 | 43,289 | 41,049 | 39,200 | 43,944 | 42,212 | 43,414 | 86,395 | 50,930 | 129,215 | 37,453 | 373 | 520 | |
65 |
156,043 | 207,662 | 189,533 | 63,421 | 43,801 | 43,824 | 143,627 | 43,611 | 43,289 | 41,049 | 39,200 | 43,944 | 42,212 | 43,414 | 86,395 | 50,930 | 129,215 | 37,453 | 373 | 520 | |
650 |
- | - | - | - | - | - | - | - | - | - | - | 43,590 | 41,705 | 42,711 | 85,362 | - | - | - | - | - | |
652/9 |
- | - | - | - | - | - | - | - | - | - | - | 354 | 507 | 703 | 1,033 | - | - | - | - | - | |
9903 |
-562,854 | -465,267 | -860,641 | -880,820 | -907,044 | -872,326 | -1.1m | -845,974 | -825,144 | -702,649 | -226,613 | -699,799 | -478,161 | -441,894 | 2.6m | -213,829 | -201,353 | 1.8m | 191,815 | 2.9m | |
67/77 |
- | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | -1,128 | 2,922 | 3,181 | 20,633 | |
9904 |
-562,854 | -465,267 | -860,641 | -880,820 | -907,044 | -872,326 | -1.1m | -845,974 | -825,144 | -702,649 | -226,614 | -699,799 | -478,161 | -441,894 | 2.6m | -213,829 | -200,226 | 1.8m | 188,634 | 2.9m | |
9905 |
-562,854 | -465,267 | -860,641 | -880,820 | -907,044 | -872,326 | -1.1m | -845,974 | -825,144 | -702,649 | -226,614 | -699,799 | -478,161 | -441,894 | 2.6m | -213,829 | -200,226 | 1.8m | 188,634 | 2.9m | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-562,854 | -465,267 | -100,467 | 760,173 | 1.6m | 2.5m | 3.4m | 4.5m | 5.3m | 6.2m | 6.9m | 7.1m | 7.8m | 8.3m | 8.7m | 6.1m | 6.4m | 6.6m | 4.7m | 4.6m | |
14P |
- | 0 | 760,173 | 1.6m | 2.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
562,854 | 465,267 | 100,467 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00381438 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00352630 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00320640 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00304178 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20255137 | |
| 31-12-2020 | abbreviated format | 20-07-2021 | 2021-37000461 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-36600533 | |
| 31-12-2018 | abbreviated format | 22-07-2019 | 2019-35100325 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35000439 | |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-42100423 | |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-28300041 | |
| 31-12-2014 | full format | 08-07-2015 | 2015-27700057 | |
| 31-12-2013 | full format | 28-08-2014 | 2014-49600007 | |
| 31-12-2012 | full format | 12-08-2013 | 2013-41500116 | |
| 31-12-2011 | full format | 02-07-2012 | 2012-23200562 | |
| 31-12-2010 | abbreviated format | 13-07-2011 | 2011-28400154 | |
| 31-12-2009 | abbreviated format | 30-07-2010 | 2010-37800491 | |
| 31-12-2008 | abbreviated format | 27-08-2009 | 2009-63700131 | |
| 31-12-2007 | abbreviated format | 16-07-2008 | 2008-40900240 | |
| 31-12-2006 | abbreviated format | 11-07-2007 | 2007-38400312 | |
| 31-12-2005 | abbreviated format | 31-07-2006 | 2006-58200073 | |
| 31-12-2004 | abbreviated format | 12-07-2005 | 2005-46502744 | |
| 31-12-2003 | abbreviated format | 29-07-2004 | 2004-57401291 | |
| 31-12-2002 | abbreviated format | 10-07-2003 | 2003-43202197 | |
| 31-12-2001 | abbreviated format | 05-07-2002 | 2002-34700947 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -64,621 | 187,135 | -72,363 | -119,325 | -123,716 | -95,711 | -62,846 | -73,867 | -113,432 | -82,737 | -103,396 | -205,614 | -92,624 | -202,464 | -132,040 | -147,608 | -283,055 | -55,911 | -27,183 | -15,133 | ||
| -220,664 | -20,527 | -261,044 | -178,941 | -161,052 | -128,418 | -191,153 | -88,161 | -121,229 | -80,904 | 300,102 | -182,248 | -59,738 | -139,942 | 2.9m | -72,769 | -151,531 | 1.8m | 217,657 | 3.0m | ||
| 5.9m | 14,314 | 88,376 | 115,366 | 188,144 | 268,676 | 1.3m | 304,164 | 958,299 | 583,902 | 4.8m | 1.2m | 932,194 | 1.2m | 3.6m | 849,922 | 1.9m | 2.0m | 325,000 | 403,175 | ||
| -8,884 | 21,774 | -87,032 | 91,008 | 9,315 | -16,706 | 10,777 | 11,430 | -779 | -10,241 | 10,279 | -29,264 | 19,586 | -20,952 | -380 | -32,490 | 66,973 | -8,194 | -196,159 | - | ||
| -5.0m | -4.7m | -4.4m | -4.2m | -4.3m | -4.3m | -4.2m | -4.3m | -4.3m | -4.3m | -3.6m | 329,558 | 1.7m | 2.7m | 4.1m | 3.9m | 4.9m | 4.8m | 4.7m | 4.8m | ||
| 54.9% | 57.2% | 61.7% | 65.1% | 67.4% | 69.5% | 71.5% | 73.2% | 74.5% | 75.9% | 78.6% | 78.3% | 79.3% | 82.4% | 83.0% | 83.0% | 87.3% | 55.5% | 100.0% | 100.0% | ||
| 0.01 | 0.06 | 0.01 | 0.03 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.07 | 1.08 | 1.43 | 1.81 | 2.25 | 2.43 | 3.44 | 1.43 | - | - | ||
| 0.82 | 0.75 | 0.62 | 0.54 | 0.48 | 0.44 | 0.40 | 0.37 | 0.34 | 0.32 | 0.27 | 0.28 | 0.26 | 0.21 | 0.20 | 0.20 | 0.15 | 0.80 | 0.00 | 0.00 | ||
| -9.1% | -6.9% | -12.0% | -10.9% | -10.1% | -8.9% | -10.1% | -7.2% | -6.5% | -5.2% | -1.6% | -4.9% | -3.2% | -2.8% | 16.1% | -1.6% | -1.5% | 13.1% | 1.6% | 24.1% | ||
| -5.0% | -4.0% | -7.4% | -7.1% | -6.8% | -6.2% | -7.2% | -5.3% | -4.9% | -4.0% | -1.3% | -3.8% | -2.5% | -2.3% | 13.4% | -1.3% | -1.3% | 7.3% | 1.6% | 24.1% | ||
| -0.41 | 0.90 | -0.38 | -1.88 | -2.82 | - | - | - | - | - | - | -4.72 | -2.22 | -4.74 | -1.55 | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | over 999 days | over 999 days | over 999 days | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | 612 days | 294 days | 177 days | 204 days | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €95,236 | €14,314 | €88,376 | €115,366 | €188,144 |
| Financial fixed assets | €5.8m | €0 | €0 | - | - |
| €342,190 | €444,739 | €599,597 | €701,879 | €745,992 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SUNPART
The operating result for 2025 is a loss of €406,811, larger than the loss of €257,604 in 2024.
Debt's share of the balance-sheet total rises from 42.8% to 45.1%. Equity is lower and debt is higher.