SUN 4 ALL: 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.
SUN 4 ALL
Largest movements
- Tangible fixed assets -€118,497
down €118,497 (-15.9%), from €743,340 to €624,843
of which Plant, machinery and equipment: -€69,241
- Cash -€25,831
down €25,831 (-54.7%), from €47,234 to €21,403
mainly Debts after one year (-€101,381) and Other debts (-€23,235)
- Debts after one year -€101,381
down €101,381 (-18.2%), from €558,401 to €457,020
- Other debts -€23,235
down €23,235 (-14.7%), from €158,316 to €135,081
- Tax, wage and social debts -€9,390
down €9,390 (-62.6%), from €15,012 to €5,622
- Gross operating margin -€31,228
down €31,228 (-16.7%), from €186,861 to €155,633
- Financial charges -€10,108
down €10,108 (-18.8%), from €53,705 to €43,597
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 | €856,531 | €722,484 | -€134,047 | -15.6% |
| Fixed assets | 21/28 | €743,340 | €624,843 | -€118,497 | -15.9% |
| Tangible fixed assets | 22/27 | €743,340 | €624,843 | -€118,497 | -15.9% |
| Plant, machinery and equipment | 23 | €595,572 | €526,331 | -€69,241 | -11.6% |
| Leasing and similar rights | 25 | €147,768 | €98,512 | -€49,256 | -33.3% |
| Current assets | 29/58 | €113,191 | €97,641 | -€15,550 | -13.7% |
| Amounts receivable within one year | 40/41 | €65,957 | €69,667 | +€3,710 | +5.6% |
| Trade receivables | 40 | €39,082 | €46,652 | +€7,570 | +19.4% |
| Other amounts receivable | 41 | €26,874 | €23,014 | -€3,860 | -14.4% |
| Cash at bank and in hand | 54/58 | €47,234 | €21,403 | -€25,831 | -54.7% |
| Deferred charges and accrued income | 490/1 | €0 | €6,571 | +€6,571 | |
| Total equity and liabilities | 10/49 | €856,531 | €722,484 | -€134,047 | -15.6% |
| Equity | 10/15 | €52,697 | €45,818 | -€6,879 | -13.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,303 | -€104,182 | -€6,879 | -7.1% |
| Amounts payable | 17/49 | €803,834 | €676,666 | -€127,168 | -15.8% |
| Amounts payable after more than one year | 17 | €558,401 | €457,020 | -€101,381 | -18.2% |
| Financial debts | 170/4 | €558,401 | €457,020 | -€101,381 | -18.2% |
| Amounts payable within one year | 42/48 | €234,012 | €209,918 | -€24,094 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €57,092 | €57,377 | +€285 | +0.5% |
| Trade debts | 44 | €3,593 | €11,838 | +€8,246 | +229.5% |
| Suppliers | 440/4 | €3,593 | €11,838 | +€8,246 | +229.5% |
| Taxes, remuneration and social security | 45 | €15,012 | €5,622 | -€9,390 | -62.6% |
| Taxes | 450/3 | €15,012 | €5,622 | -€9,390 | -62.6% |
| Other amounts payable | 47/48 | €158,316 | €135,081 | -€23,235 | -14.7% |
| Accrued charges and deferred income | 492/3 | €11,421 | €9,728 | -€1,693 | -14.8% |
| Non-recurring operating income | 76A | €6,252 | €0 | -€6,252 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,666 | €118,497 | -€169 | -0.1% |
| Other operating charges | 640/8 | €126 | €629 | +€503 | +399.3% |
| Gross operating margin | 9900 | €186,861 | €155,633 | -€31,228 | -16.7% |
| Operating profit (loss) | 9901 | €68,069 | €36,507 | -€31,562 | -46.4% |
| Financial income | 75/76B | €0 | €211 | +€210 | +70080.0% |
| Recurring financial income | 75 | €0 | €211 | +€210 | +70080.0% |
| Financial charges | 65/66B | €53,705 | €43,597 | -€10,108 | -18.8% |
| Recurring financial charges | 65 | €53,705 | €43,597 | -€10,108 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €14,364 | -€6,879 | -€21,243 | |
| Profit (loss) for the period | 9904 | €14,364 | -€6,879 | -€21,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,364 | -€6,879 | -€21,243 |
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 9 October 2026 via checked.be.