SUN SAILOR: 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 SAILOR
Largest movements
- Receivables within one year -€11,199
down €11,199 (-26.6%), from €42,173 to €30,974
- Cash -€2,049
no longer reported in 2025 (was €2,049)
mainly Net result for the year (-€18,459) and Tax, wage and social debts (-€68)
- Tangible fixed assets -€1,996
down €1,996 (-36.1%), from €5,532 to €3,536
- Profit (loss) carried forward -€18,459
down €18,459 (-51.4%), from -€35,896 to -€54,355
- Trade debts +€1,678
up €1,678 (+16107.1%), from €10 to €1,689
- Short-term financial debts +€1,604
new in 2025: €1,604
- Gross operating margin +€3,000
up €3,000 (+15.8%), from -€19,017 to -€16,017
- Taxes +€287
no longer reported in 2025 (was -€287)
- Depreciation +€244
up €244 (+13.9%), from €1,752 to €1,996
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.
Cash bridge derived
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 | €49,753 | €34,509 | -€15,244 | -30.6% |
| Fixed assets | 21/28 | €5,532 | €3,536 | -€1,996 | -36.1% |
| Tangible fixed assets | 22/27 | €5,532 | €3,536 | -€1,996 | -36.1% |
| Furniture and vehicles | 24 | €5,532 | €3,536 | -€1,996 | -36.1% |
| Current assets | 29/58 | €44,222 | €30,974 | -€13,248 | -30.0% |
| Amounts receivable within one year | 40/41 | €42,173 | €30,974 | -€11,199 | -26.6% |
| Other amounts receivable | 41 | €42,173 | €30,974 | -€11,199 | -26.6% |
| Cash at bank and in hand | 54/58 | €2,049 | - | -€2,049 | |
| Total equity and liabilities | 10/49 | €49,753 | €34,509 | -€15,244 | -30.6% |
| Equity | 10/15 | €49,675 | €31,216 | -€18,459 | -37.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €65,111 | €65,111 | = | 0.0% |
| Distributable reserves | 133 | €65,111 | €65,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,896 | -€54,355 | -€18,459 | -51.4% |
| Amounts payable | 17/49 | €78 | €3,293 | +€3,215 | +4114.0% |
| Amounts payable within one year | 42/48 | €78 | €3,293 | +€3,215 | +4114.0% |
| Financial debts | 43 | - | €1,604 | +€1,604 | |
| Credit institutions | 430/8 | - | €1,604 | +€1,604 | |
| Trade debts | 44 | €10 | €1,689 | +€1,678 | +16107.1% |
| Suppliers | 440/4 | €10 | €1,689 | +€1,678 | +16107.1% |
| Taxes, remuneration and social security | 45 | €68 | - | -€68 | |
| Taxes | 450/3 | €68 | - | -€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €1,996 | +€244 | +13.9% |
| Other operating charges | 640/8 | €378 | €302 | -€77 | -20.2% |
| Non-recurring operating charges | 66A | €8,805 | - | -€8,805 | |
| Gross operating margin | 9900 | -€19,017 | -€16,017 | +€3,000 | +15.8% |
| Operating profit (loss) | 9901 | -€29,952 | -€18,315 | +€11,637 | +38.9% |
| Financial charges | 65/66B | €49 | €145 | +€95 | +193.9% |
| Recurring financial charges | 65 | €49 | €145 | +€95 | +193.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,001 | -€18,459 | +€11,542 | +38.5% |
| Income taxes | 67/77 | -€287 | - | +€287 | |
| Profit (loss) for the period | 9904 | -€29,714 | -€18,459 | +€11,255 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,714 | -€18,459 | +€11,255 | +37.9% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.