Sun Belgium: 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 Belgium
Largest movements
- Cash +€52,014
up €52,014 (+497%), from €10,468 to €62,482
mainly Net result for the year (+€65,111) and Other debts (+€30,000)
- Deferred charges and accrued income +€30,585
new in 2025: €30,585
- Tangible fixed assets -€24,205
down €24,205 (-23.7%), from €101,958 to €77,754
of which Furniture and vehicles: -€23,396
- Receivables within one year -€12,685
down €12,685 (-31.9%), from €39,704 to €27,019
of which Other amounts receivable: -€7,717
- Other debts +€30,000
up €30,000 (+150%), from €20,000 to €50,000
- Reserves +€15,111
up €15,111 (+11.4%), from €132,065 to €147,176
- Gross operating margin -€80,526
down €80,526 (-42.8%), from €188,288 to €107,762
- Taxes -€19,737
down €19,737 (-53.5%), from €36,889 to €17,152
- Depreciation +€2,219
up €2,219 (+10.1%), from €21,985 to €24,205
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 | €152,130 | €197,839 | +€45,709 | +30.0% |
| Fixed assets | 21/28 | €101,958 | €77,754 | -€24,205 | -23.7% |
| Tangible fixed assets | 22/27 | €101,958 | €77,754 | -€24,205 | -23.7% |
| Plant, machinery and equipment | 23 | €7,614 | €6,806 | -€809 | -10.6% |
| Furniture and vehicles | 24 | €94,344 | €70,948 | -€23,396 | -24.8% |
| Current assets | 29/58 | €50,172 | €120,085 | +€69,914 | +139% |
| Amounts receivable within one year | 40/41 | €39,704 | €27,019 | -€12,685 | -31.9% |
| Trade receivables | 40 | €6,018 | €1,050 | -€4,968 | -82.6% |
| Other amounts receivable | 41 | €33,686 | €25,969 | -€7,717 | -22.9% |
| Cash at bank and in hand | 54/58 | €10,468 | €62,482 | +€52,014 | +497% |
| Deferred charges and accrued income | 490/1 | - | €30,585 | +€30,585 | |
| Total equity and liabilities | 10/49 | €152,130 | €197,839 | +€45,709 | +30.0% |
| Equity | 10/15 | €132,065 | €147,176 | +€15,111 | +11.4% |
| Reserves | 13 | €132,065 | €147,176 | +€15,111 | +11.4% |
| Distributable reserves | 133 | €132,065 | €147,176 | +€15,111 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,065 | €50,663 | +€30,598 | +152% |
| Amounts payable within one year | 42/48 | €20,065 | €50,663 | +€30,598 | +152% |
| Trade debts | 44 | €65 | €622 | +€557 | +857% |
| Suppliers | 440/4 | €65 | €622 | +€557 | +857% |
| Taxes, remuneration and social security | 45 | €0 | €41 | +€41 | |
| Taxes | 450/3 | €0 | €41 | +€41 | |
| Other amounts payable | 47/48 | €20,000 | €50,000 | +€30,000 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,985 | €24,205 | +€2,219 | +10.1% |
| Other operating charges | 640/8 | €706 | €943 | +€238 | +33.7% |
| Gross operating margin | 9900 | €188,288 | €107,762 | -€80,526 | -42.8% |
| Operating profit (loss) | 9901 | €165,597 | €82,614 | -€82,983 | -50.1% |
| Financial income | 75/76B | €628 | €480 | -€148 | -23.5% |
| Recurring financial income | 75 | €628 | €480 | -€148 | -23.5% |
| Financial charges | 65/66B | €449 | €831 | +€382 | +85.0% |
| Recurring financial charges | 65 | €449 | €831 | +€382 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €165,776 | €82,263 | -€83,513 | -50.4% |
| Income taxes | 67/77 | €36,889 | €17,152 | -€19,737 | -53.5% |
| Profit (loss) for the period | 9904 | €128,886 | €65,111 | -€63,775 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,886 | €65,111 | -€63,775 | -49.5% |
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 20 October 2026 via checked.be.