SUN SPA BENELUX: 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 SPA BENELUX
Largest movements
- Stocks and contracts +€59,794
up €59,794 (+40.8%), from €146,419 to €206,213
- Deferred charges and accrued income -€47,476
down €47,476 (-95.8%), from €49,570 to €2,094
- Tangible fixed assets -€21,539
down €21,539 (-4.3%), from €497,430 to €475,892
of which Land and buildings: -€16,270
- Cash -€20,593
down €20,593 (-23.8%), from €86,457 to €65,864
mainly Stocks and contracts (-€59,794) and Trade debts (-€56,007)
- Profit (loss) carried forward +€58,990
up €58,990 (+8.7%), from €680,360 to €739,350
- Trade debts -€56,007
down €56,007 (-69.7%), from €80,351 to €24,345
- Debts after one year -€48,991
down €48,991 (-45.7%), from €107,188 to €58,197
- Tax, wage and social debts +€13,496
up €13,496 (+42.7%), from €31,604 to €45,099
of which Taxes: +€12,865
- Gross operating margin +€30,103
up €30,103 (+15.9%), from €189,863 to €219,966
- Write-downs +€6,804
new in 2025: €6,804
- Financial charges +€5,680
up €5,680 (+143%), from €3,961 to €9,641
- Taxes +€4,540
up €4,540 (+24.6%), from €18,452 to €22,993
- Staff costs -€3,015
down €3,015 (-3.4%), from €89,232 to €86,217
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 | €968,146 | €936,442 | -€31,704 | -3.3% |
| Fixed assets | 21/28 | €497,430 | €475,892 | -€21,539 | -4.3% |
| Tangible fixed assets | 22/27 | €497,430 | €475,892 | -€21,539 | -4.3% |
| Land and buildings | 22 | €462,895 | €446,625 | -€16,270 | -3.5% |
| Plant, machinery and equipment | 23 | - | €6,244 | +€6,244 | |
| Furniture and vehicles | 24 | €34,535 | €23,023 | -€11,512 | -33.3% |
| Current assets | 29/58 | €470,716 | €460,551 | -€10,165 | -2.2% |
| Stocks and contracts in progress | 3 | €146,419 | €206,213 | +€59,794 | +40.8% |
| Stocks | 30/36 | €146,419 | €206,213 | +€59,794 | +40.8% |
| Amounts receivable within one year | 40/41 | €34,675 | €31,627 | -€3,048 | -8.8% |
| Trade receivables | 40 | €20,765 | €29,413 | +€8,648 | +41.6% |
| Other amounts receivable | 41 | €13,910 | €2,214 | -€11,696 | -84.1% |
| Current investments | 50/53 | €153,596 | €154,752 | +€1,156 | +0.8% |
| Cash at bank and in hand | 54/58 | €86,457 | €65,864 | -€20,593 | -23.8% |
| Deferred charges and accrued income | 490/1 | €49,570 | €2,094 | -€47,476 | -95.8% |
| Total equity and liabilities | 10/49 | €968,146 | €936,442 | -€31,704 | -3.3% |
| Equity | 10/15 | €700,820 | €759,810 | +€58,990 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €680,360 | €739,350 | +€58,990 | +8.7% |
| Amounts payable | 17/49 | €267,326 | €176,632 | -€90,694 | -33.9% |
| Amounts payable after more than one year | 17 | €107,188 | €58,197 | -€48,991 | -45.7% |
| Financial debts | 170/4 | €107,188 | €58,197 | -€48,991 | -45.7% |
| Amounts payable within one year | 42/48 | €160,138 | €118,435 | -€41,702 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €48,183 | €48,991 | +€809 | +1.7% |
| Trade debts | 44 | €80,351 | €24,345 | -€56,007 | -69.7% |
| Suppliers | 440/4 | €80,351 | €24,345 | -€56,007 | -69.7% |
| Taxes, remuneration and social security | 45 | €31,604 | €45,099 | +€13,496 | +42.7% |
| Taxes | 450/3 | €23,097 | €35,962 | +€12,865 | +55.7% |
| Remuneration and social security | 454/9 | €8,507 | €9,138 | +€631 | +7.4% |
| Remuneration, social security and pensions | 62 | €89,232 | €86,217 | -€3,015 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,782 | €28,039 | +€256 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,804 | +€6,804 | |
| Other operating charges | 640/8 | €6,796 | €8,643 | +€1,848 | +27.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €189,863 | €219,966 | +€30,103 | +15.9% |
| Operating profit (loss) | 9901 | €66,053 | €90,263 | +€24,210 | +36.7% |
| Financial income | 75/76B | €1,685 | €1,361 | -€324 | -19.2% |
| Recurring financial income | 75 | €1,685 | €1,361 | -€324 | -19.2% |
| Financial charges | 65/66B | €3,961 | €9,641 | +€5,680 | +143% |
| Recurring financial charges | 65 | €3,961 | €9,641 | +€5,680 | +143% |
| Profit (loss) for the period before taxes | 9903 | €63,777 | €81,982 | +€18,206 | +28.5% |
| Income taxes | 67/77 | €18,452 | €22,993 | +€4,540 | +24.6% |
| Profit (loss) for the period | 9904 | €45,324 | €58,990 | +€13,665 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,324 | €58,990 | +€13,665 | +30.2% |
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 30 October 2026 via checked.be.