SUND: 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.
SUND
Largest movements
- Tangible fixed assets -€4,282
down €4,282 (-100.0%), from €4,282 to €0
- Receivables within one year +€4,082
up €4,082 (+169.5%), from €2,408 to €6,491
of which Trade receivables: +€6,123
- Cash -€3,162
down €3,162 (-100.0%), from €3,163 to €1
mainly Net result for the year (-€14,805) and Receivables within one year (-€4,082)
- Profit (loss) carried forward -€14,805
down €14,805 (-115.0%), from -€12,870 to -€27,676
- Other debts +€6,871
up €6,871 (+83.3%), from €8,246 to €15,117
- Trade debts +€6,763
up €6,763 (+108.5%), from €6,230 to €12,993
- Advances received -€2,000
down €2,000 (-100.0%), from €2,000 to €0
- Tax, wage and social debts -€190
down €190 (-3.6%), from €5,247 to €5,057
- Gross operating margin -€7,663
down €7,663 (-132.9%), from -€5,768 to -€13,431
- Other operating charges -€2,353
down €2,353 (-69.3%), from €3,393 to €1,040
- Depreciation -€1,200
down €1,200 (-100.0%), from €1,200 to €0
- Financial charges -€352
down €352 (-66.7%), from €528 to €176
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 | €9,853 | €6,491 | -€3,362 | -34.1% |
| Fixed assets | 21/28 | €4,282 | €0 | -€4,282 | -100.0% |
| Tangible fixed assets | 22/27 | €4,282 | €0 | -€4,282 | -100.0% |
| Furniture and vehicles | 24 | €4,282 | €0 | -€4,282 | -100.0% |
| Current assets | 29/58 | €5,571 | €6,491 | +€920 | +16.5% |
| Amounts receivable within one year | 40/41 | €2,408 | €6,491 | +€4,082 | +169.5% |
| Trade receivables | 40 | €368 | €6,491 | +€6,123 | +1666.1% |
| Other amounts receivable | 41 | €2,041 | €0 | -€2,041 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,163 | €1 | -€3,162 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,853 | €6,491 | -€3,362 | -34.1% |
| Equity | 10/15 | -€11,870 | -€26,676 | -€14,805 | -124.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,870 | -€27,676 | -€14,805 | -115.0% |
| Amounts payable | 17/49 | €21,724 | €33,167 | +€11,443 | +52.7% |
| Amounts payable within one year | 42/48 | €21,724 | €33,167 | +€11,443 | +52.7% |
| Trade debts | 44 | €6,230 | €12,993 | +€6,763 | +108.5% |
| Suppliers | 440/4 | €6,230 | €12,993 | +€6,763 | +108.5% |
| Advances received on contracts in progress | 46 | €2,000 | €0 | -€2,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,247 | €5,057 | -€190 | -3.6% |
| Taxes | 450/3 | €5,247 | €5,057 | -€190 | -3.6% |
| Other amounts payable | 47/48 | €8,246 | €15,117 | +€6,871 | +83.3% |
| Non-recurring operating income | 76A | €182 | €0 | -€182 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €0 | -€1,200 | -100.0% |
| Other operating charges | 640/8 | €3,393 | €1,040 | -€2,353 | -69.3% |
| Non-recurring operating charges | 66A | €0 | €159 | +€159 | |
| Gross operating margin | 9900 | -€5,768 | -€13,431 | -€7,663 | -132.9% |
| Operating profit (loss) | 9901 | -€10,361 | -€14,630 | -€4,269 | -41.2% |
| Financial income | 75/76B | €67 | €0 | -€67 | -100.0% |
| Recurring financial income | 75 | €67 | €0 | -€67 | -100.0% |
| Financial charges | 65/66B | €528 | €176 | -€352 | -66.7% |
| Recurring financial charges | 65 | €528 | €176 | -€352 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,822 | -€14,805 | -€3,983 | -36.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,822 | -€14,805 | -€3,983 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,822 | -€14,805 | -€3,983 | -36.8% |
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.