Full Sun: 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.
Full Sun
Largest movements
- Cash -€35,892
down €35,892 (-73.8%), from €48,608 to €12,715
mainly Net result for the year (-€49,413) and Investment in fixed assets (net) (-€22,210)
- Tangible fixed assets +€10,828
up €10,828 (+128.6%), from €8,419 to €19,247
of which Furniture and vehicles: +€11,893
- Stocks and contracts -€5,737
down €5,737 (-14.0%), from €40,953 to €35,217
- Reserves -€49,413
down €49,413 (-42.0%), from €117,604 to €68,191
of which Distributable reserves: -€49,413
- Trade debts +€10,759
up €10,759 (+105.4%), from €10,206 to €20,965
- Current portion of long-term debt +€5,013
new in 2025: €5,013
- Debts after one year +€2,136
new in 2025: €2,136
- Staff costs +€3,182
up €3,182 (+10.7%), from €29,816 to €32,998
- Depreciation +€1,982
up €1,982 (+21.1%), from €9,400 to €11,383
- Other operating charges +€1,066
up €1,066 (+69.1%), from €1,542 to €2,608
- Gross operating margin -€379
down €379 (-32.8%), from -€1,156 to -€1,535
- Financial charges +€298
up €298 (+49.2%), from €606 to €905
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 | €145,497 | €113,965 | -€31,532 | -21.7% |
| Fixed assets | 21/28 | €9,904 | €20,732 | +€10,828 | +109.3% |
| Tangible fixed assets | 22/27 | €8,419 | €19,247 | +€10,828 | +128.6% |
| Plant, machinery and equipment | 23 | €2,494 | €1,430 | -€1,065 | -42.7% |
| Furniture and vehicles | 24 | €5,925 | €17,817 | +€11,893 | +200.7% |
| Financial fixed assets | 28 | €1,485 | €1,485 | = | 0.0% |
| Current assets | 29/58 | €135,593 | €93,234 | -€42,359 | -31.2% |
| Stocks and contracts in progress | 3 | €40,953 | €35,217 | -€5,737 | -14.0% |
| Stocks | 30/36 | €40,953 | €35,217 | -€5,737 | -14.0% |
| Amounts receivable within one year | 40/41 | €40,752 | €40,564 | -€187 | -0.5% |
| Trade receivables | 40 | €28,777 | €29,996 | +€1,219 | +4.2% |
| Other amounts receivable | 41 | €11,974 | €10,568 | -€1,407 | -11.7% |
| Cash at bank and in hand | 54/58 | €48,608 | €12,715 | -€35,892 | -73.8% |
| Deferred charges and accrued income | 490/1 | €5,280 | €4,737 | -€543 | -10.3% |
| Total equity and liabilities | 10/49 | €145,497 | €113,965 | -€31,532 | -21.7% |
| Equity | 10/15 | €130,004 | €80,591 | -€49,413 | -38.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,604 | €68,191 | -€49,413 | -42.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,744 | €66,331 | -€49,413 | -42.7% |
| Amounts payable | 17/49 | €15,493 | €33,374 | +€17,881 | +115.4% |
| Amounts payable after more than one year | 17 | - | €2,136 | +€2,136 | |
| Financial debts | 170/4 | - | €2,136 | +€2,136 | |
| Amounts payable within one year | 42/48 | €15,377 | €31,091 | +€15,714 | +102.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,013 | +€5,013 | |
| Trade debts | 44 | €10,206 | €20,965 | +€10,759 | +105.4% |
| Suppliers | 440/4 | €10,206 | €20,965 | +€10,759 | +105.4% |
| Taxes, remuneration and social security | 45 | €5,172 | €5,114 | -€58 | -1.1% |
| Taxes | 450/3 | €1,198 | €1,463 | +€266 | +22.2% |
| Remuneration and social security | 454/9 | €3,974 | €3,651 | -€323 | -8.1% |
| Accrued charges and deferred income | 492/3 | €115 | €147 | +€32 | +27.5% |
| Non-recurring operating income | 76A | €48 | - | -€48 | |
| Remuneration, social security and pensions | 62 | €29,816 | €32,998 | +€3,182 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,400 | €11,383 | +€1,982 | +21.1% |
| Other operating charges | 640/8 | €1,542 | €2,608 | +€1,066 | +69.1% |
| Gross operating margin | 9900 | -€1,156 | -€1,535 | -€379 | -32.8% |
| Operating profit (loss) | 9901 | -€41,915 | -€48,524 | -€6,609 | -15.8% |
| Financial income | 75/76B | €256 | €278 | +€22 | +8.6% |
| Recurring financial income | 75 | €256 | €278 | +€22 | +8.6% |
| Financial charges | 65/66B | €606 | €905 | +€298 | +49.2% |
| Recurring financial charges | 65 | €606 | €905 | +€298 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,265 | -€49,150 | -€6,885 | -16.3% |
| Income taxes | 67/77 | €247 | €263 | +€16 | +6.4% |
| Profit (loss) for the period | 9904 | -€42,512 | -€49,413 | -€6,901 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,512 | -€49,413 | -€6,901 | -16.2% |
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 7 October 2026 via checked.be.