SUNAO: what changed
Two fiscal 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.
SUNAO
Largest movements
- Tangible fixed assets +€389,292
up €389,292 (+43.1%), from €902,482 to €1.3m
of which Land and buildings: +€399,665
- Receivables within one year -€246,013
down €246,013 (-91.7%), from €268,139 to €22,127
of which Other amounts receivable: -€266,403
- Profit (loss) carried forward -€286,216
down €286,216, from €851 to -€285,365
- Debts after one year +€222,210
up €222,210 (+30.1%), from €739,302 to €961,513
- Reserves +€100,238
up €100,238 (+27.6%), from €363,540 to €463,778
of which Distributable reserves: +€100,238
- Contributions +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Current portion of long-term debt +€44,049
up €44,049 (+60.1%), from €73,319 to €117,368
- Depreciation +€39,434
up €39,434 (+61.4%), from €64,188 to €103,623
- Gross operating margin -€30,023
down €30,023 (-9.5%), from €315,631 to €285,607
- Staff costs +€19,140
up €19,140 (+15.4%), from €124,382 to €143,522
- Taxes -€17,089
down €17,089 (-82.2%), from €20,793 to €3,703
- Other operating charges -€6,776
down €6,776 (-68.2%), from €9,937 to €3,161
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 | €1,415,228 | €1,552,227 | +€136,999 | +9.7% |
| Fixed assets | 21/28 | €902,482 | €1,291,774 | +€389,292 | +43.1% |
| Tangible fixed assets | 22/27 | €902,482 | €1,291,774 | +€389,292 | +43.1% |
| Land and buildings | 22 | €865,083 | €1,264,748 | +€399,665 | +46.2% |
| Plant, machinery and equipment | 23 | €9,486 | €9,432 | -€54 | -0.6% |
| Furniture and vehicles | 24 | €27,912 | €17,593 | -€10,319 | -37.0% |
| Current assets | 29/58 | €512,746 | €260,453 | -€252,293 | -49.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €102,818 | €108,287 | +€5,469 | +5.3% |
| Stocks | 30/36 | €102,818 | €108,287 | +€5,469 | +5.3% |
| Amounts receivable within one year | 40/41 | €268,139 | €22,127 | -€246,013 | -91.7% |
| Trade receivables | 40 | €1,684 | €22,074 | +€20,390 | +1211.0% |
| Other amounts receivable | 41 | €266,456 | €53 | -€266,403 | -100.0% |
| Cash at bank and in hand | 54/58 | €129,605 | €118,384 | -€11,220 | -8.7% |
| Deferred charges and accrued income | 490/1 | €12,184 | €11,654 | -€529 | -4.3% |
| Total equity and liabilities | 10/49 | €1,415,228 | €1,552,227 | +€136,999 | +9.7% |
| Equity | 10/15 | €464,392 | €328,413 | -€135,979 | -29.3% |
| Contributions | 10/11 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Reserves | 13 | €363,540 | €463,778 | +€100,238 | +27.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €363,540 | €463,778 | +€100,238 | +27.6% |
| Profit (loss) carried forward | 14 | €851 | -€285,365 | -€286,216 | |
| Amounts payable | 17/49 | €950,836 | €1,223,814 | +€272,978 | +28.7% |
| Amounts payable after more than one year | 17 | €739,302 | €961,513 | +€222,210 | +30.1% |
| Financial debts | 170/4 | €739,302 | €961,513 | +€222,210 | +30.1% |
| Amounts payable within one year | 42/48 | €211,212 | €257,253 | +€46,041 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €73,319 | €117,368 | +€44,049 | +60.1% |
| Financial debts | 43 | €22,776 | €9,402 | -€13,374 | -58.7% |
| Credit institutions | 430/8 | €22,776 | €9,402 | -€13,374 | -58.7% |
| Trade debts | 44 | €57,117 | €60,202 | +€3,084 | +5.4% |
| Suppliers | 440/4 | €57,117 | €60,202 | +€3,084 | +5.4% |
| Advances received on contracts in progress | 46 | €1,850 | €1,850 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €48,753 | €33,172 | -€15,581 | -32.0% |
| Taxes | 450/3 | €35,924 | €19,955 | -€15,969 | -44.5% |
| Remuneration and social security | 454/9 | €12,829 | €13,217 | +€388 | +3.0% |
| Other amounts payable | 47/48 | €7,397 | €35,259 | +€27,862 | +376.7% |
| Accrued charges and deferred income | 492/3 | €322 | €5,049 | +€4,727 | +1470.0% |
| Remuneration, social security and pensions | 62 | €124,382 | €143,522 | +€19,140 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,188 | €103,623 | +€39,434 | +61.4% |
| Other operating charges | 640/8 | €9,937 | €3,161 | -€6,776 | -68.2% |
| Non-recurring operating charges | 66A | - | €17 | +€17 | |
| Gross operating margin | 9900 | €315,631 | €285,607 | -€30,023 | -9.5% |
| Operating profit (loss) | 9901 | €117,123 | €35,285 | -€81,838 | -69.9% |
| Financial income | 75/76B | €1,412 | €223 | -€1,189 | -84.2% |
| Recurring financial income | 75 | €1,412 | €223 | -€1,189 | -84.2% |
| Financial charges | 65/66B | €22,926 | €29,213 | +€6,287 | +27.4% |
| Recurring financial charges | 65 | €22,926 | €29,213 | +€6,287 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €95,610 | €6,295 | -€89,314 | -93.4% |
| Income taxes | 67/77 | €20,793 | €3,703 | -€17,089 | -82.2% |
| Profit (loss) for the period | 9904 | €74,817 | €2,592 | -€72,225 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,817 | €2,592 | -€72,225 | -96.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.