SUN-AP: 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-AP
Largest movements
- Receivables within one year -€56,784
down €56,784 (-31.2%), from €181,956 to €125,173
of which Trade receivables: -€87,591
- Tangible fixed assets -€31,445
down €31,445 (-24.7%), from €127,258 to €95,813
of which Furniture and vehicles: -€29,984
- Trade debts -€46,042
down €46,042 (-63.6%), from €72,410 to €26,367
- Debts after one year -€31,417
down €31,417 (-28.1%), from €111,858 to €80,442
- Reserves -€25,500
down €25,500 (-68.3%), from €37,360 to €11,860
of which Distributable reserves: -€25,500
- Current portion of long-term debt +€9,219
up €9,219 (+26.6%), from €34,635 to €43,855
- Tax, wage and social debts +€6,142
up €6,142 (+27.0%), from €22,757 to €28,900
of which Remuneration and social security: +€6,680
- Gross operating margin +€38,477
up €38,477 (+102%), from €37,646 to €76,123
- Other operating charges +€12,183
up €12,183 (+2,628%), from €464 to €12,647
- Taxes +€8,268
up €8,268, from -€2,289 to €5,979
- Depreciation +€7,070
up €7,070 (+27.5%), from €25,704 to €32,774
- Financial charges +€3,520
up €3,520 (+52.9%), from €6,652 to €10,172
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.
Derived cash bridge
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 | €409,116 | €320,778 | -€88,338 | -21.6% |
| Fixed assets | 21/28 | €127,448 | €96,003 | -€31,445 | -24.7% |
| Tangible fixed assets | 22/27 | €127,258 | €95,813 | -€31,445 | -24.7% |
| Plant, machinery and equipment | 23 | €1,888 | €428 | -€1,461 | -77.4% |
| Furniture and vehicles | 24 | €125,369 | €95,385 | -€29,984 | -23.9% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €281,668 | €224,775 | -€56,893 | -20.2% |
| Amounts receivable after more than one year | 29 | €99,575 | €99,575 | = | 0.0% |
| Other amounts receivable | 291 | €99,575 | €99,575 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €181,956 | €125,173 | -€56,784 | -31.2% |
| Trade receivables | 40 | €134,088 | €46,497 | -€87,591 | -65.3% |
| Other amounts receivable | 41 | €47,868 | €78,676 | +€30,808 | +64.4% |
| Cash at bank and in hand | 54/58 | - | €27 | +€27 | |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €409,116 | €320,778 | -€88,338 | -21.6% |
| Equity | 10/15 | €137,517 | €116,215 | -€21,302 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,360 | €11,860 | -€25,500 | -68.3% |
| 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 | €35,500 | €10,000 | -€25,500 | -71.8% |
| Profit (loss) carried forward | 14 | €81,557 | €85,755 | +€4,198 | +5.1% |
| Amounts payable | 17/49 | €271,599 | €204,563 | -€67,036 | -24.7% |
| Amounts payable after more than one year | 17 | €111,858 | €80,442 | -€31,417 | -28.1% |
| Financial debts | 170/4 | €111,858 | €80,442 | -€31,417 | -28.1% |
| Amounts payable within one year | 42/48 | €159,740 | €124,121 | -€35,619 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €34,635 | €43,855 | +€9,219 | +26.6% |
| Financial debts | 43 | €24,938 | €25,000 | +€62 | +0.2% |
| Credit institutions | 430/8 | €24,938 | €25,000 | +€62 | +0.2% |
| Trade debts | 44 | €72,410 | €26,367 | -€46,042 | -63.6% |
| Suppliers | 440/4 | €72,410 | €26,367 | -€46,042 | -63.6% |
| Taxes, remuneration and social security | 45 | €22,757 | €28,900 | +€6,142 | +27.0% |
| Taxes | 450/3 | €22,757 | €22,220 | -€538 | -2.4% |
| Remuneration and social security | 454/9 | - | €6,680 | +€6,680 | |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €3,543 | €355 | -€3,188 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,704 | €32,774 | +€7,070 | +27.5% |
| Other operating charges | 640/8 | €464 | €12,647 | +€12,183 | +2,628% |
| Gross operating margin | 9900 | €37,646 | €76,123 | +€38,477 | +102% |
| Operating profit (loss) | 9901 | €7,935 | €30,348 | +€22,413 | +282% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,652 | €10,172 | +€3,520 | +52.9% |
| Recurring financial charges | 65 | €6,652 | €10,172 | +€3,520 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €1,283 | €20,176 | +€18,893 | +1,472% |
| Income taxes | 67/77 | -€2,289 | €5,979 | +€8,268 | |
| Profit (loss) for the period | 9904 | €3,572 | €14,198 | +€10,625 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €3,572 | €14,198 | +€10,625 | +297% |
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 28 October 2026 via checked.be.