Sun Eco: 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 Eco
Largest movements
- Current investments -€1.6m
down €1.6m (-39.1%), from €4.0m to €2.5m
- Cash +€512,226
up €512,226 (+28.9%), from €1.8m to €2.3m
mainly Current investments (+€1.6m) and Net result for the year (+€1.4m)
- Receivables within one year -€151,560
down €151,560 (-17.2%), from €879,745 to €728,186
of which Other amounts receivable: -€522,186
- Stocks and contracts -€88,630
down €88,630 (-5.3%), from €1.7m to €1.6m
- Reserves -€1.8m
down €1.8m (-24.2%), from €7.3m to €5.6m
- Other debts +€872,877
up €872,877 (+41,428%), from €2,107 to €874,984
- Trade debts -€414,571
down €414,571 (-48.3%), from €857,505 to €442,934
- Gross operating margin +€751,992
up €751,992 (+37.9%), from €2.0m to €2.7m
- Taxes +€189,031
up €189,031 (+68.1%), from €277,503 to €466,534
- Financial income -€42,951
down €42,951 (-36.3%), from €118,279 to €75,328
- Staff costs -€34,986
down €34,986 (-3.6%), from €974,173 to €939,187
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 | €8,597,334 | €7,287,694 | -€1.3m | -15.2% |
| Fixed assets | 21/28 | €85,928 | €70,883 | -€15,046 | -17.5% |
| Intangible fixed assets | 21 | €12,728 | €7,614 | -€5,114 | -40.2% |
| Tangible fixed assets | 22/27 | €63,620 | €53,689 | -€9,932 | -15.6% |
| Plant, machinery and equipment | 23 | €8,285 | €8,823 | +€538 | +6.5% |
| Furniture and vehicles | 24 | €38,240 | €32,141 | -€6,099 | -15.9% |
| Other tangible fixed assets | 26 | €17,096 | €12,725 | -€4,371 | -25.6% |
| Financial fixed assets | 28 | €9,580 | €9,580 | = | 0.0% |
| Current assets | 29/58 | €8,511,406 | €7,216,811 | -€1.3m | -15.2% |
| Stocks and contracts in progress | 3 | €1,683,572 | €1,594,942 | -€88,630 | -5.3% |
| Stocks | 30/36 | €1,683,572 | €1,594,942 | -€88,630 | -5.3% |
| Amounts receivable within one year | 40/41 | €879,745 | €728,186 | -€151,560 | -17.2% |
| Trade receivables | 40 | €317,199 | €687,826 | +€370,626 | +117% |
| Other amounts receivable | 41 | €562,546 | €40,360 | -€522,186 | -92.8% |
| Current investments | 50/53 | €4,024,827 | €2,450,226 | -€1.6m | -39.1% |
| Cash at bank and in hand | 54/58 | €1,770,307 | €2,282,533 | +€512,226 | +28.9% |
| Deferred charges and accrued income | 490/1 | €152,954 | €160,924 | +€7,970 | +5.2% |
| Total equity and liabilities | 10/49 | €8,597,334 | €7,287,694 | -€1.3m | -15.2% |
| Equity | 10/15 | €7,331,339 | €5,569,067 | -€1.8m | -24.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €7,325,139 | €5,550,467 | -€1.8m | -24.2% |
| Distributable reserves | 133 | €7,325,139 | €5,550,467 | -€1.8m | -24.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,265,995 | €1,718,626 | +€452,632 | +35.8% |
| Amounts payable after more than one year | 17 | €59,562 | €0 | -€59,562 | -100% |
| Financial debts | 170/4 | €59,562 | €0 | -€59,562 | -100% |
| Amounts payable within one year | 42/48 | €1,192,394 | €1,716,529 | +€524,135 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €63,410 | €59,562 | -€3,848 | -6.1% |
| Financial debts | 43 | €2,994 | €0 | -€2,994 | -100% |
| Credit institutions | 430/8 | €2,994 | €0 | -€2,994 | -100% |
| Trade debts | 44 | €857,505 | €442,934 | -€414,571 | -48.3% |
| Suppliers | 440/4 | €857,505 | €442,934 | -€414,571 | -48.3% |
| Taxes, remuneration and social security | 45 | €266,378 | €339,048 | +€72,670 | +27.3% |
| Taxes | 450/3 | €83,996 | €172,686 | +€88,690 | +106% |
| Remuneration and social security | 454/9 | €182,383 | €166,363 | -€16,020 | -8.8% |
| Other amounts payable | 47/48 | €2,107 | €874,984 | +€872,877 | +41,428% |
| Accrued charges and deferred income | 492/3 | €14,039 | €2,098 | -€11,941 | -85.1% |
| Remuneration, social security and pensions | 62 | €974,173 | €939,187 | -€34,986 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,441 | €31,928 | +€8,487 | +36.2% |
| Other operating charges | 640/8 | €5,726 | €5,189 | -€537 | -9.4% |
| Non-recurring operating charges | 66A | €957 | €0 | -€957 | -100% |
| Gross operating margin | 9900 | €1,983,320 | €2,735,312 | +€751,992 | +37.9% |
| Operating profit (loss) | 9901 | €979,022 | €1,759,008 | +€779,985 | +79.7% |
| Financial income | 75/76B | €118,279 | €75,328 | -€42,951 | -36.3% |
| Recurring financial income | 75 | €118,279 | €75,328 | -€42,951 | -36.3% |
| Financial charges | 65/66B | €18,481 | €17,449 | -€1,032 | -5.6% |
| Recurring financial charges | 65 | €18,481 | €17,449 | -€1,032 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €1,078,821 | €1,816,887 | +€738,066 | +68.4% |
| Income taxes | 67/77 | €277,503 | €466,534 | +€189,031 | +68.1% |
| Profit (loss) for the period | 9904 | €801,318 | €1,350,353 | +€549,035 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €801,318 | €1,350,353 | +€549,035 | +68.5% |
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.