SUN WORKS: 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 WORKS
Largest movements
- Cash -€128,299
down €128,299 (-99.1%), from €129,487 to €1,189
mainly Investment in fixed assets (net) (-€136,500) and Receivables after one year (-€109,606)
- Receivables after one year +€109,606
up €109,606 (+211%), from €52,023 to €161,628
- Receivables within one year -€59,637
down €59,637 (-73.9%), from €80,725 to €21,087
of which Other amounts receivable: -€53,671
- Tangible fixed assets +€54,703
up €54,703 (+8.2%), from €664,313 to €719,016
of which Furniture and vehicles: +€96,710
- Reserves +€108,166
up €108,166 (+22.8%), from €474,352 to €582,518
of which Distributable reserves: +€108,166
- Current portion of long-term debt -€39,603
down €39,603 (-51.0%), from €77,657 to €38,054
- Other debts -€38,992
down €38,992 (-59.3%), from €65,777 to €26,785
- Debts after one year -€38,054
down €38,054 (-40.1%), from €94,791 to €56,737
- Tax, wage and social debts -€19,573
down €19,573 (-37.7%), from €51,866 to €32,293
- Gross operating margin +€35,857
up €35,857 (+15.6%), from €230,365 to €266,221
- Depreciation +€9,951
up €9,951 (+13.8%), from €72,346 to €82,297
- Other operating charges +€9,120
up €9,120 (+75.5%), from €12,077 to €21,197
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 | €929,503 | €906,291 | -€23,212 | -2.5% |
| Fixed assets | 21/28 | €664,896 | €719,099 | +€54,203 | +8.2% |
| Tangible fixed assets | 22/27 | €664,313 | €719,016 | +€54,703 | +8.2% |
| Land and buildings | 22 | €627,178 | €585,170 | -€42,007 | -6.7% |
| Furniture and vehicles | 24 | €37,135 | €133,846 | +€96,710 | +260% |
| Financial fixed assets | 28 | €583 | €83 | -€500 | -85.8% |
| Current assets | 29/58 | €264,607 | €187,192 | -€77,415 | -29.3% |
| Amounts receivable after more than one year | 29 | €52,023 | €161,628 | +€109,606 | +211% |
| Other amounts receivable | 291 | €52,023 | €161,628 | +€109,606 | +211% |
| Amounts receivable within one year | 40/41 | €80,725 | €21,087 | -€59,637 | -73.9% |
| Trade receivables | 40 | €25,238 | €19,272 | -€5,966 | -23.6% |
| Other amounts receivable | 41 | €55,486 | €1,815 | -€53,671 | -96.7% |
| Cash at bank and in hand | 54/58 | €129,487 | €1,189 | -€128,299 | -99.1% |
| Deferred charges and accrued income | 490/1 | €2,373 | €3,288 | +€915 | +38.6% |
| Total equity and liabilities | 10/49 | €929,503 | €906,291 | -€23,212 | -2.5% |
| Equity | 10/15 | €626,423 | €734,589 | +€108,166 | +17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €474,352 | €582,518 | +€108,166 | +22.8% |
| Tax-exempt reserves | 132 | €65,687 | €65,687 | = | 0.0% |
| Distributable reserves | 133 | €408,665 | €516,831 | +€108,166 | +26.5% |
| Profit (loss) carried forward | 14 | €133,479 | €133,479 | = | 0.0% |
| Amounts payable | 17/49 | €303,081 | €171,703 | -€131,378 | -43.3% |
| Amounts payable after more than one year | 17 | €94,791 | €56,737 | -€38,054 | -40.1% |
| Financial debts | 170/4 | €94,791 | €56,737 | -€38,054 | -40.1% |
| Amounts payable within one year | 42/48 | €207,094 | €114,588 | -€92,506 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €77,657 | €38,054 | -€39,603 | -51.0% |
| Trade debts | 44 | €11,794 | €10,764 | -€1,030 | -8.7% |
| Suppliers | 440/4 | €11,794 | €10,764 | -€1,030 | -8.7% |
| Advances received on contracts in progress | 46 | - | €6,692 | +€6,692 | |
| Taxes, remuneration and social security | 45 | €51,866 | €32,293 | -€19,573 | -37.7% |
| Taxes | 450/3 | €51,866 | €32,293 | -€19,573 | -37.7% |
| Other amounts payable | 47/48 | €65,777 | €26,785 | -€38,992 | -59.3% |
| Accrued charges and deferred income | 492/3 | €1,196 | €378 | -€818 | -68.4% |
| Non-recurring operating income | 76A | - | €42,750 | +€42,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,346 | €82,297 | +€9,951 | +13.8% |
| Other operating charges | 640/8 | €12,077 | €21,197 | +€9,120 | +75.5% |
| Gross operating margin | 9900 | €230,365 | €266,221 | +€35,857 | +15.6% |
| Operating profit (loss) | 9901 | €145,942 | €162,728 | +€16,786 | +11.5% |
| Financial income | 75/76B | €3,287 | €2,997 | -€290 | -8.8% |
| Recurring financial income | 75 | €2,791 | €2,997 | +€206 | +7.4% |
| Non-recurring financial income | 76B | €496 | - | -€496 | |
| Financial charges | 65/66B | €7,486 | €5,365 | -€2,120 | -28.3% |
| Recurring financial charges | 65 | €7,486 | €5,365 | -€2,120 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €141,743 | €160,360 | +€18,617 | +13.1% |
| Income taxes | 67/77 | €51,498 | €52,194 | +€696 | +1.4% |
| Profit (loss) for the period | 9904 | €90,245 | €108,166 | +€17,920 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,245 | €108,166 | +€17,920 | +19.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.