SUN CARS: what changed
SUN CARS
Largest movements
- Cash +€220,917
up €220,917 (+91.3%), from €241,960 to €462,877
mainly Current investments (+€135,244) and Deferred charges and accrued income (+€73,225)
- Current investments -€135,244
down €135,244 (-56.5%), from €239,244 to €104,000
- Deferred charges and accrued income -€73,225
down €73,225 (-82.8%), from €88,441 to €15,216
- Receivables within one year -€23,951
down €23,951 (-14.0%), from €171,475 to €147,524
of which Trade receivables: -€29,163
- Trade debts -€60,885
down €60,885 (-31.7%), from €192,130 to €131,246
- Other debts +€31,165
up €31,165 (+375%), from €8,306 to €39,471
- Advances received +€28,486
up €28,486 (+15.0%), from €189,383 to €217,869
- Reserves +€10,000
up €10,000 (+3.7%), from €269,593 to €279,593
of which Distributable reserves: +€10,000
- Gross operating margin -€44,785
down €44,785 (-30.1%), from €148,586 to €103,801
- Taxes -€14,826
down €14,826 (-43.4%), from €34,154 to €19,328
- Financial income +€5,429
up €5,429 (+3,602%), from €151 to €5,580
of which Financial income: +€4,524
- Staff costs +€1,885
up €1,885 (+7.3%), from €25,941 to €27,825
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €836,755 | €833,128 | -€3,627 | -0.4% |
| Fixed assets | 21/28 | €95,636 | €103,511 | +€7,876 | +8.2% |
| Tangible fixed assets | 22/27 | €94,366 | €102,241 | +€7,876 | +8.3% |
| Land and buildings | 22 | €90,461 | €98,815 | +€8,353 | +9.2% |
| Plant, machinery and equipment | 23 | €1,276 | €1,894 | +€617 | +48.4% |
| Furniture and vehicles | 24 | €2,628 | €1,533 | -€1,095 | -41.7% |
| Financial fixed assets | 28 | €1,270 | €1,270 | = | 0.0% |
| Current assets | 29/58 | €741,120 | €729,617 | -€11,503 | -1.6% |
| Amounts receivable within one year | 40/41 | €171,475 | €147,524 | -€23,951 | -14.0% |
| Trade receivables | 40 | €153,752 | €124,588 | -€29,163 | -19.0% |
| Other amounts receivable | 41 | €17,723 | €22,936 | +€5,213 | +29.4% |
| Current investments | 50/53 | €239,244 | €104,000 | -€135,244 | -56.5% |
| Cash at bank and in hand | 54/58 | €241,960 | €462,877 | +€220,917 | +91.3% |
| Deferred charges and accrued income | 490/1 | €88,441 | €15,216 | -€73,225 | -82.8% |
| Total equity and liabilities | 10/49 | €836,755 | €833,128 | -€3,627 | -0.4% |
| Equity | 10/15 | €404,410 | €407,406 | +€2,996 | +0.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €269,593 | €279,593 | +€10,000 | +3.7% |
| Tax-exempt reserves | 132 | €129,593 | €129,593 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €150,000 | +€10,000 | +7.1% |
| Profit (loss) carried forward | 14 | €114,357 | €107,353 | -€7,004 | -6.1% |
| Amounts payable | 17/49 | €432,345 | €425,722 | -€6,623 | -1.5% |
| Amounts payable within one year | 42/48 | €432,345 | €425,722 | -€6,623 | -1.5% |
| Trade debts | 44 | €192,130 | €131,246 | -€60,885 | -31.7% |
| Suppliers | 440/4 | €192,130 | €131,246 | -€60,885 | -31.7% |
| Advances received on contracts in progress | 46 | €189,383 | €217,869 | +€28,486 | +15.0% |
| Taxes, remuneration and social security | 45 | €42,526 | €37,136 | -€5,389 | -12.7% |
| Taxes | 450/3 | €40,804 | €35,306 | -€5,498 | -13.5% |
| Remuneration and social security | 454/9 | €1,722 | €1,831 | +€109 | +6.3% |
| Other amounts payable | 47/48 | €8,306 | €39,471 | +€31,165 | +375% |
| Remuneration, social security and pensions | 62 | €25,941 | €27,825 | +€1,885 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,372 | €14,427 | +€1,054 | +7.9% |
| Other operating charges | 640/8 | €4,723 | €3,503 | -€1,220 | -25.8% |
| Gross operating margin | 9900 | €148,586 | €103,801 | -€44,785 | -30.1% |
| Operating profit (loss) | 9901 | €104,550 | €58,047 | -€46,503 | -44.5% |
| Financial income | 75/76B | €151 | €5,580 | +€5,429 | +3,602% |
| Recurring financial income | 75 | €151 | €4,675 | +€4,524 | +3,002% |
| Non-recurring financial income | 76B | - | €905 | +€905 | |
| Financial charges | 65/66B | €866 | €1,302 | +€436 | +50.3% |
| Recurring financial charges | 65 | €866 | €1,302 | +€436 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €103,834 | €62,324 | -€41,510 | -40.0% |
| Income taxes | 67/77 | €34,154 | €19,328 | -€14,826 | -43.4% |
| Profit (loss) for the period | 9904 | €69,681 | €42,996 | -€26,685 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,681 | €42,996 | -€26,685 | -38.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.