NEW 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.
NEW SUN
Largest movements
- Cash -€7,765
down €7,765 (-95.6%), from €8,122 to €357
mainly Net result for the year (-€10,997) and Investment in fixed assets (net) (-€7,350)
- Tangible fixed assets -€4,010
down €4,010 (-35.5%), from €11,301 to €7,291
of which Plant, machinery and equipment: -€10,724
- Receivables within one year -€526
no longer reported in 2025 (was €526)
- Stocks and contracts -€314
down €314 (-5.9%), from €5,293 to €4,979
- Deferred charges and accrued income -€266
down €266 (-74.5%), from €357 to €91
- Other debts +€12,477
new in 2025: €12,477
- Profit (loss) carried forward -€10,997
down €10,997 (-33.5%), from -€32,832 to -€43,829
- Debts after one year -€7,000
down €7,000 (-51.5%), from €13,600 to €6,600
- Tax, wage and social debts -€4,832
down €4,832 (-46.2%), from €10,453 to €5,621
of which Taxes: -€3,008
- Trade debts -€2,930
down €2,930 (-40.1%), from €7,310 to €4,380
- Gross operating margin +€7,534
up €7,534 (+21.7%), from €34,710 to €42,244
- Financial charges +€1,302
up €1,302 (+144.1%), from €903 to €2,205
- Financial income -€534
down €534 (-93.8%), from €569 to €35
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 | €25,790 | €12,909 | -€12,881 | -49.9% |
| Fixed assets | 21/28 | €11,492 | €7,481 | -€4,010 | -34.9% |
| Tangible fixed assets | 22/27 | €11,301 | €7,291 | -€4,010 | -35.5% |
| Plant, machinery and equipment | 23 | €10,724 | - | -€10,724 | |
| Other tangible fixed assets | 26 | €577 | €7,291 | +€6,714 | +1162.7% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €14,298 | €5,427 | -€8,871 | -62.0% |
| Stocks and contracts in progress | 3 | €5,293 | €4,979 | -€314 | -5.9% |
| Stocks | 30/36 | €5,293 | €4,979 | -€314 | -5.9% |
| Amounts receivable within one year | 40/41 | €526 | - | -€526 | |
| Trade receivables | 40 | €526 | - | -€526 | |
| Cash at bank and in hand | 54/58 | €8,122 | €357 | -€7,765 | -95.6% |
| Deferred charges and accrued income | 490/1 | €357 | €91 | -€266 | -74.5% |
| Total equity and liabilities | 10/49 | €25,790 | €12,909 | -€12,881 | -49.9% |
| Equity | 10/15 | -€12,372 | -€23,369 | -€10,997 | -88.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,832 | -€43,829 | -€10,997 | -33.5% |
| Amounts payable | 17/49 | €38,163 | €36,278 | -€1,884 | -4.9% |
| Amounts payable after more than one year | 17 | €13,600 | €6,600 | -€7,000 | -51.5% |
| Financial debts | 170/4 | €13,600 | €6,600 | -€7,000 | -51.5% |
| Amounts payable within one year | 42/48 | €24,563 | €29,678 | +€5,116 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €6,800 | €7,200 | +€400 | +5.9% |
| Trade debts | 44 | €7,310 | €4,380 | -€2,930 | -40.1% |
| Suppliers | 440/4 | €7,310 | €4,380 | -€2,930 | -40.1% |
| Taxes, remuneration and social security | 45 | €10,453 | €5,621 | -€4,832 | -46.2% |
| Taxes | 450/3 | €4,964 | €1,956 | -€3,008 | -60.6% |
| Remuneration and social security | 454/9 | €5,489 | €3,665 | -€1,824 | -33.2% |
| Other amounts payable | 47/48 | - | €12,477 | +€12,477 | |
| Non-recurring operating income | 76A | €604 | - | -€604 | |
| Remuneration, social security and pensions | 62 | €36,505 | €36,501 | -€4 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,410 | €11,360 | -€49 | -0.4% |
| Other operating charges | 640/8 | €3,234 | €3,123 | -€111 | -3.4% |
| Gross operating margin | 9900 | €34,710 | €42,244 | +€7,534 | +21.7% |
| Operating profit (loss) | 9901 | -€16,438 | -€8,740 | +€7,698 | +46.8% |
| Financial income | 75/76B | €569 | €35 | -€534 | -93.8% |
| Recurring financial income | 75 | €569 | €35 | -€534 | -93.8% |
| Financial charges | 65/66B | €903 | €2,205 | +€1,302 | +144.1% |
| Recurring financial charges | 65 | €903 | €2,205 | +€1,302 | +144.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,772 | -€10,910 | +€5,862 | +34.9% |
| Income taxes | 67/77 | €219 | €87 | -€132 | -60.4% |
| Profit (loss) for the period | 9904 | -€16,991 | -€10,997 | +€5,994 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,991 | -€10,997 | +€5,994 | +35.3% |
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 6 October 2026 via checked.be.