SUN BUILDING: 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 BUILDING
Largest movements
- Tangible fixed assets +€3.2m
up €3.2m (+260%), from €1.2m to €4.4m
of which Assets under construction and advance payments: +€2.1m
- Cash +€367,195
up €367,195 (+523%), from €70,198 to €437,393
mainly Debts after one year (+€3.2m) and Trade debts (+€211,898)
- Receivables within one year -€92,401
down €92,401 (-84.0%), from €109,982 to €17,581
of which Other amounts receivable: -€90,754
- Debts after one year +€3.2m
up €3.2m (+297%), from €1.1m to €4.3m
- Trade debts +€211,898
up €211,898 (+85.0%), from €249,386 to €461,284
- Current portion of long-term debt +€137,423
up €137,423 (+159%), from €86,667 to €224,090
- Profit (loss) carried forward -€69,228
down €69,228 (-14.2%), from -€488,432 to -€557,661
- Depreciation +€63,978
up €63,978 (+200%), from €31,919 to €95,897
- Financial charges +€48,528
up €48,528 (+103%), from €47,245 to €95,773
- Gross operating margin +€20,261
up €20,261 (+15.1%), from €134,195 to €154,457
- Other operating charges +€6,713
up €6,713 (+345%), from €1,945 to €8,659
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,411,818 | €4,891,894 | +€3.5m | +246% |
| Fixed assets | 21/28 | €1,231,639 | €4,436,920 | +€3.2m | +260% |
| Tangible fixed assets | 22/27 | €1,231,639 | €4,436,920 | +€3.2m | +260% |
| Land and buildings | 22 | €143,904 | €1,320,302 | +€1.2m | +817% |
| Plant, machinery and equipment | 23 | €39,899 | €7,980 | -€31,919 | -80.0% |
| Other tangible fixed assets | 26 | €710,293 | €669,600 | -€40,693 | -5.7% |
| Assets under construction and advance payments | 27 | €337,543 | €2,439,038 | +€2.1m | +623% |
| Current assets | 29/58 | €180,179 | €454,973 | +€274,794 | +153% |
| Amounts receivable within one year | 40/41 | €109,982 | €17,581 | -€92,401 | -84.0% |
| Trade receivables | 40 | €7,092 | €5,445 | -€1,647 | -23.2% |
| Other amounts receivable | 41 | €102,890 | €12,136 | -€90,754 | -88.2% |
| Cash at bank and in hand | 54/58 | €70,198 | €437,393 | +€367,195 | +523% |
| Total equity and liabilities | 10/49 | €1,411,818 | €4,891,894 | +€3.5m | +246% |
| Equity | 10/15 | -€110,082 | -€179,311 | -€69,228 | -62.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €338,350 | €338,350 | = | 0.0% |
| Distributable reserves | 133 | €338,350 | €338,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€488,432 | -€557,661 | -€69,228 | -14.2% |
| Amounts payable | 17/49 | €1,521,900 | €5,071,204 | +€3.5m | +233% |
| Amounts payable after more than one year | 17 | €1,078,568 | €4,281,288 | +€3.2m | +297% |
| Financial debts | 170/4 | €1,078,568 | €4,281,288 | +€3.2m | +297% |
| Amounts payable within one year | 42/48 | €443,074 | €785,514 | +€342,441 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €86,667 | €224,090 | +€137,423 | +159% |
| Trade debts | 44 | €249,386 | €461,284 | +€211,898 | +85.0% |
| Suppliers | 440/4 | €249,386 | €461,284 | +€211,898 | +85.0% |
| Other amounts payable | 47/48 | €107,021 | €100,140 | -€6,881 | -6.4% |
| Accrued charges and deferred income | 492/3 | €258 | €4,402 | +€4,144 | +1,605% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,919 | €95,897 | +€63,978 | +200% |
| Other operating charges | 640/8 | €1,945 | €8,659 | +€6,713 | +345% |
| Non-recurring operating charges | 66A | €529,519 | €23,357 | -€506,162 | -95.6% |
| Gross operating margin | 9900 | €134,195 | €154,457 | +€20,261 | +15.1% |
| Operating profit (loss) | 9901 | -€429,188 | €26,545 | +€455,733 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €47,245 | €95,773 | +€48,528 | +103% |
| Recurring financial charges | 65 | €47,245 | €95,773 | +€48,528 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€476,433 | -€69,228 | +€407,205 | +85.5% |
| Profit (loss) for the period | 9904 | -€476,433 | -€69,228 | +€407,205 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€476,433 | -€69,228 | +€407,205 | +85.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.