Sun2watt: 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.
Sun2watt
Largest movements
- Receivables within one year +€29,595
up €29,595 (+14.9%), from €199,039 to €228,634
of which Other amounts receivable: +€34,993
- Cash +€4,809
up €4,809 (+60.5%), from €7,947 to €12,756
mainly Net result for the year (+€13,292) and Other debts (+€11,057)
- Reserves +€13,292
up €13,292 (+12.8%), from €103,759 to €117,051
of which Distributable reserves: +€13,292
- Other debts +€11,057
new in 2025: €11,057
- Advances received +€7,545
up €7,545 (+86.6%), from €8,712 to €16,257
- Tax, wage and social debts +€4,838
up €4,838 (+124%), from €3,894 to €8,732
- Trade debts -€3,291
down €3,291 (-3.7%), from €87,890 to €84,599
- Gross operating margin -€11,094
down €11,094 (-33.8%), from €32,825 to €21,731
- Financial income -€1,570
down €1,570 (-69.4%), from €2,261 to €691
- Other operating charges +€949
up €949 (+44.0%), from €2,158 to €3,107
- Taxes +€944
up €944 (+24.2%), from €3,894 to €4,838
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 | €210,455 | €243,896 | +€33,441 | +15.9% |
| Fixed assets | 21/28 | €2,180 | €1,217 | -€963 | -44.2% |
| Tangible fixed assets | 22/27 | €2,180 | €1,217 | -€963 | -44.2% |
| Plant, machinery and equipment | 23 | €2,180 | €1,217 | -€963 | -44.2% |
| Current assets | 29/58 | €208,275 | €242,679 | +€34,404 | +16.5% |
| Amounts receivable within one year | 40/41 | €199,039 | €228,634 | +€29,595 | +14.9% |
| Trade receivables | 40 | €138,138 | €132,740 | -€5,398 | -3.9% |
| Other amounts receivable | 41 | €60,901 | €95,894 | +€34,993 | +57.5% |
| Cash at bank and in hand | 54/58 | €7,947 | €12,756 | +€4,809 | +60.5% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,289 | = | 0.0% |
| Total equity and liabilities | 10/49 | €210,455 | €243,896 | +€33,441 | +15.9% |
| Equity | 10/15 | €109,959 | €123,251 | +€13,292 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,759 | €117,051 | +€13,292 | +12.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €83,149 | €96,441 | +€13,292 | +16.0% |
| Amounts payable | 17/49 | €100,496 | €120,645 | +€20,149 | +20.0% |
| Amounts payable within one year | 42/48 | €100,496 | €120,645 | +€20,149 | +20.0% |
| Trade debts | 44 | €87,890 | €84,599 | -€3,291 | -3.7% |
| Suppliers | 440/4 | €87,890 | €84,599 | -€3,291 | -3.7% |
| Advances received on contracts in progress | 46 | €8,712 | €16,257 | +€7,545 | +86.6% |
| Taxes, remuneration and social security | 45 | €3,894 | €8,732 | +€4,838 | +124% |
| Taxes | 450/3 | €3,894 | €8,732 | +€4,838 | +124% |
| Other amounts payable | 47/48 | - | €11,057 | +€11,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €963 | = | 0.0% |
| Other operating charges | 640/8 | €2,158 | €3,107 | +€949 | +44.0% |
| Gross operating margin | 9900 | €32,825 | €21,731 | -€11,094 | -33.8% |
| Operating profit (loss) | 9901 | €29,704 | €17,661 | -€12,043 | -40.5% |
| Financial income | 75/76B | €2,261 | €691 | -€1,570 | -69.4% |
| Recurring financial income | 75 | €2,261 | €691 | -€1,570 | -69.4% |
| Financial charges | 65/66B | €59 | €222 | +€163 | +276% |
| Recurring financial charges | 65 | €59 | €222 | +€163 | +276% |
| Profit (loss) for the period before taxes | 9903 | €31,906 | €18,130 | -€13,776 | -43.2% |
| Income taxes | 67/77 | €3,894 | €4,838 | +€944 | +24.2% |
| Profit (loss) for the period | 9904 | €28,012 | €13,292 | -€14,720 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,012 | €13,292 | -€14,720 | -52.5% |
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 21 October 2026 via checked.be.