S & D 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.
S & D SUN
Largest movements
- Receivables within one year -€16,984
down €16,984 (-87.4%), from €19,434 to €2,450
of which Trade receivables: -€17,229
- Tangible fixed assets -€9,637
down €9,637 (-14.1%), from €68,118 to €58,482
of which Other tangible fixed assets: -€5,283
- Other debts -€17,994
down €17,994 (-29.8%), from €60,443 to €42,449
- Trade debts -€17,019
down €17,019 (-85.7%), from €19,852 to €2,832
- Debts after one year -€15,173
down €15,173 (-28.6%), from €53,077 to €37,904
- Profit (loss) carried forward +€14,629
up €14,629 (+18.2%), from -€80,450 to -€65,820
- Tax, wage and social debts +€5,818
up €5,818 (+80.6%), from €7,215 to €13,034
of which Taxes: +€5,016
- Staff costs +€9,638
up €9,638 (+32.7%), from €29,458 to €39,096
- Depreciation +€2,595
up €2,595 (+18.5%), from €14,036 to €16,631
- Gross operating margin +€2,579
up €2,579 (+3.3%), from €78,111 to €80,690
- Financial charges +€1,117
up €1,117 (+16.9%), from €6,619 to €7,736
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 | €91,920 | €65,307 | -€26,613 | -29.0% |
| Fixed assets | 21/28 | €68,618 | €58,982 | -€9,637 | -14.0% |
| Tangible fixed assets | 22/27 | €68,118 | €58,482 | -€9,637 | -14.1% |
| Land and buildings | 22 | €19,600 | €14,800 | -€4,800 | -24.5% |
| Plant, machinery and equipment | 23 | €26,789 | €24,154 | -€2,635 | -9.8% |
| Furniture and vehicles | 24 | - | €3,081 | +€3,081 | |
| Other tangible fixed assets | 26 | €21,730 | €16,447 | -€5,283 | -24.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €23,302 | €6,326 | -€16,976 | -72.9% |
| Amounts receivable within one year | 40/41 | €19,434 | €2,450 | -€16,984 | -87.4% |
| Trade receivables | 40 | €19,011 | €1,781 | -€17,229 | -90.6% |
| Other amounts receivable | 41 | €423 | €669 | +€246 | +58.1% |
| Cash at bank and in hand | 54/58 | €3,868 | €3,875 | +€7 | +0.2% |
| Total equity and liabilities | 10/49 | €91,920 | €65,307 | -€26,613 | -29.0% |
| Equity | 10/15 | -€63,255 | -€48,626 | +€14,629 | +23.1% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €1,195 | €1,195 | = | 0.0% |
| Distributable reserves | 133 | €1,195 | €1,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,450 | -€65,820 | +€14,629 | +18.2% |
| Amounts payable | 17/49 | €155,175 | €113,933 | -€41,242 | -26.6% |
| Amounts payable after more than one year | 17 | €53,077 | €37,904 | -€15,173 | -28.6% |
| Financial debts | 170/4 | €53,077 | €37,904 | -€15,173 | -28.6% |
| Amounts payable within one year | 42/48 | €102,098 | €76,029 | -€26,069 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €14,588 | €17,714 | +€3,126 | +21.4% |
| Trade debts | 44 | €19,852 | €2,832 | -€17,019 | -85.7% |
| Suppliers | 440/4 | €19,852 | €2,832 | -€17,019 | -85.7% |
| Taxes, remuneration and social security | 45 | €7,215 | €13,034 | +€5,818 | +80.6% |
| Taxes | 450/3 | €3,438 | €8,454 | +€5,016 | +145.9% |
| Remuneration and social security | 454/9 | €3,777 | €4,579 | +€802 | +21.2% |
| Other amounts payable | 47/48 | €60,443 | €42,449 | -€17,994 | -29.8% |
| Remuneration, social security and pensions | 62 | €29,458 | €39,096 | +€9,638 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,036 | €16,631 | +€2,595 | +18.5% |
| Other operating charges | 640/8 | €2,239 | €2,326 | +€87 | +3.9% |
| Gross operating margin | 9900 | €78,111 | €80,690 | +€2,579 | +3.3% |
| Operating profit (loss) | 9901 | €32,377 | €22,637 | -€9,740 | -30.1% |
| Financial income | 75/76B | €37 | €2 | -€35 | -94.6% |
| Recurring financial income | 75 | €37 | €2 | -€35 | -94.6% |
| Financial charges | 65/66B | €6,619 | €7,736 | +€1,117 | +16.9% |
| Recurring financial charges | 65 | €6,619 | €7,736 | +€1,117 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €25,795 | €14,903 | -€10,892 | -42.2% |
| Income taxes | 67/77 | €178 | €274 | +€95 | +53.6% |
| Profit (loss) for the period | 9904 | €25,616 | €14,629 | -€10,987 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,616 | €14,629 | -€10,987 | -42.9% |
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 8 October 2026 via checked.be.