REPUBLIC SUN: 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.
REPUBLIC SUN
Largest movements
- Tangible fixed assets -€16,549
down €16,549 (-40.5%), from €40,814 to €24,265
of which Furniture and vehicles: -€13,375
- Receivables within one year +€10,046
up €10,046 (+167.5%), from €5,998 to €16,044
- Cash -€687
down €687 (-14.8%), from €4,654 to €3,967
mainly Debts after one year (-€15,584) and Receivables within one year (-€10,046)
- Debts after one year -€15,584
down €15,584 (-30.5%), from €51,138 to €35,554
of which Other amounts payable: -€26,600
- Profit (loss) carried forward +€10,416
up €10,416 (+27.3%), from -€38,119 to -€27,703
- Accrued charges and deferred income -€1,622
down €1,622 (-78.7%), from €2,061 to €438
- Tax, wage and social debts +€1,160
up €1,160 (+47.7%), from €2,430 to €3,590
- Current portion of long-term debt -€1,016
down €1,016 (-8.5%), from €11,892 to €10,876
- Gross operating margin +€7,589
up €7,589 (+33.5%), from €22,679 to €30,268
- Other operating charges -€2,471
down €2,471 (-47.1%), from €5,248 to €2,777
- Financial income +€734
new in 2025: €734
of which Financial income: +€734
- Financial charges -€367
down €367 (-23.6%), from €1,557 to €1,190
- Depreciation -€362
down €362 (-2.1%), from €16,910 to €16,549
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 | €53,307 | €45,843 | -€7,464 | -14.0% |
| Fixed assets | 21/28 | €40,814 | €24,265 | -€16,549 | -40.5% |
| Tangible fixed assets | 22/27 | €40,814 | €24,265 | -€16,549 | -40.5% |
| Plant, machinery and equipment | 23 | €14,191 | €11,018 | -€3,174 | -22.4% |
| Furniture and vehicles | 24 | €26,622 | €13,247 | -€13,375 | -50.2% |
| Current assets | 29/58 | €12,493 | €21,578 | +€9,085 | +72.7% |
| Amounts receivable within one year | 40/41 | €5,998 | €16,044 | +€10,046 | +167.5% |
| Trade receivables | 40 | €5,998 | €16,044 | +€10,046 | +167.5% |
| Cash at bank and in hand | 54/58 | €4,654 | €3,967 | -€687 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,841 | €1,567 | -€274 | -14.9% |
| Total equity and liabilities | 10/49 | €53,307 | €45,843 | -€7,464 | -14.0% |
| Equity | 10/15 | -€19,519 | -€9,103 | +€10,416 | +53.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,119 | -€27,703 | +€10,416 | +27.3% |
| Amounts payable | 17/49 | €72,826 | €54,947 | -€17,879 | -24.6% |
| Amounts payable after more than one year | 17 | €51,138 | €35,554 | -€15,584 | -30.5% |
| Financial debts | 170/4 | €10,138 | €21,154 | +€11,016 | +108.7% |
| Other amounts payable | 178/9 | €41,000 | €14,400 | -€26,600 | -64.9% |
| Amounts payable within one year | 42/48 | €19,627 | €18,955 | -€673 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €11,892 | €10,876 | -€1,016 | -8.5% |
| Trade debts | 44 | €5,305 | €4,489 | -€816 | -15.4% |
| Suppliers | 440/4 | €5,305 | €4,489 | -€816 | -15.4% |
| Taxes, remuneration and social security | 45 | €2,430 | €3,590 | +€1,160 | +47.7% |
| Taxes | 450/3 | €2,430 | €3,590 | +€1,160 | +47.7% |
| Accrued charges and deferred income | 492/3 | €2,061 | €438 | -€1,622 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,910 | €16,549 | -€362 | -2.1% |
| Other operating charges | 640/8 | €5,248 | €2,777 | -€2,471 | -47.1% |
| Gross operating margin | 9900 | €22,679 | €30,268 | +€7,589 | +33.5% |
| Operating profit (loss) | 9901 | €521 | €10,943 | +€10,422 | +2000.8% |
| Financial income | 75/76B | - | €734 | +€734 | |
| Recurring financial income | 75 | - | €734 | +€734 | |
| Non-recurring financial income | 76B | - | €734 | +€734 | |
| Financial charges | 65/66B | €1,557 | €1,190 | -€367 | -23.6% |
| Recurring financial charges | 65 | €1,557 | €1,190 | -€367 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,036 | €10,486 | +€11,523 | |
| Income taxes | 67/77 | €339 | €71 | -€268 | -79.1% |
| Profit (loss) for the period | 9904 | -€1,375 | €10,416 | +€11,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,375 | €10,416 | +€11,791 |
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 12 October 2026 via checked.be.