SUNBOA: 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.
SUNBOA
Largest movements
- Tangible fixed assets -€14,718
down €14,718 (-27.0%), from €54,517 to €39,799
of which Leasing and similar rights: -€14,370
- Receivables within one year +€5,859
up €5,859 (+5.8%), from €101,350 to €107,209
of which Trade receivables: +€5,562
- Cash -€5,540
down €5,540 (-95.2%), from €5,820 to €280
mainly Tax, wage and social debts (-€35,441) and Debts after one year (-€12,227)
- Tax, wage and social debts -€35,441
down €35,441 (-85.9%), from €41,249 to €5,808
of which Taxes: -€22,906
- Profit (loss) carried forward +€20,332
new in 2025: €20,332
- Debts after one year -€12,227
down €12,227 (-31.9%), from €38,360 to €26,133
- Other debts +€9,177
up €9,177 (+79.0%), from €11,620 to €20,797
- Trade debts +€2,790
up €2,790 (+952.2%), from €293 to €3,083
- Gross operating margin +€46,007
up €46,007, from -€6,911 to €39,096
- Write-downs -€635
down €635 (-36.9%), from €1,723 to €1,088
- Financial charges -€425
down €425 (-12.6%), from €3,383 to €2,958
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 | €161,687 | €147,288 | -€14,399 | -8.9% |
| Fixed assets | 21/28 | €54,517 | €39,799 | -€14,718 | -27.0% |
| Tangible fixed assets | 22/27 | €54,517 | €39,799 | -€14,718 | -27.0% |
| Plant, machinery and equipment | 23 | €630 | €282 | -€348 | -55.2% |
| Leasing and similar rights | 25 | €53,887 | €39,517 | -€14,370 | -26.7% |
| Current assets | 29/58 | €107,170 | €107,489 | +€319 | +0.3% |
| Amounts receivable within one year | 40/41 | €101,350 | €107,209 | +€5,859 | +5.8% |
| Trade receivables | 40 | €92,540 | €98,102 | +€5,562 | +6.0% |
| Other amounts receivable | 41 | €8,810 | €9,107 | +€297 | +3.4% |
| Cash at bank and in hand | 54/58 | €5,820 | €280 | -€5,540 | -95.2% |
| Total equity and liabilities | 10/49 | €161,687 | €147,288 | -€14,399 | -8.9% |
| Equity | 10/15 | €58,908 | €79,240 | +€20,332 | +34.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €50,908 | €50,908 | = | 0.0% |
| Distributable reserves | 133 | €50,908 | €50,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €20,332 | +€20,332 | |
| Amounts payable | 17/49 | €102,779 | €68,048 | -€34,731 | -33.8% |
| Amounts payable after more than one year | 17 | €38,360 | €26,133 | -€12,227 | -31.9% |
| Financial debts | 170/4 | €38,360 | €26,133 | -€12,227 | -31.9% |
| Amounts payable within one year | 42/48 | €64,419 | €41,915 | -€22,504 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €11,257 | €12,227 | +€970 | +8.6% |
| Trade debts | 44 | €293 | €3,083 | +€2,790 | +952.2% |
| Suppliers | 440/4 | €293 | €3,083 | +€2,790 | +952.2% |
| Taxes, remuneration and social security | 45 | €41,249 | €5,808 | -€35,441 | -85.9% |
| Taxes | 450/3 | €25,749 | €2,843 | -€22,906 | -89.0% |
| Remuneration and social security | 454/9 | €15,500 | €2,965 | -€12,535 | -80.9% |
| Other amounts payable | 47/48 | €11,620 | €20,797 | +€9,177 | +79.0% |
| Non-recurring operating income | 76A | €3,382 | - | -€3,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,718 | €14,718 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,723 | €1,088 | -€635 | -36.9% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | -€6,911 | €39,096 | +€46,007 | |
| Operating profit (loss) | 9901 | -€28,352 | €23,290 | +€51,642 | |
| Financial charges | 65/66B | €3,383 | €2,958 | -€425 | -12.6% |
| Recurring financial charges | 65 | €3,383 | €2,958 | -€425 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,735 | €20,332 | +€52,067 | |
| Profit (loss) for the period | 9904 | -€31,735 | €20,332 | +€52,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,735 | €20,332 | +€52,067 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.