SUNDARI: 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.
SUNDARI
Largest movements
- Tangible fixed assets -€38,220
down €38,220 (-23.9%), from €159,693 to €121,473
of which Leasing and similar rights: -€21,850
- Receivables within one year +€32,840
up €32,840 (+78.8%), from €41,658 to €74,498
of which Other amounts receivable: +€43,178
- Debts after one year -€45,699
down €45,699 (-24.9%), from €183,462 to €137,763
- Reserves +€27,838
up €27,838 (+208%), from €13,364 to €41,202
- Tax, wage and social debts +€17,916
up €17,916 (+521%), from €3,437 to €21,353
of which Taxes: +€11,522
- Current portion of long-term debt -€4,371
down €4,371 (-5.5%), from €79,601 to €75,230
- Gross operating margin +€44,220
up €44,220 (+58.0%), from €76,225 to €120,445
- Staff costs +€23,402
new in 2025: €23,402
- Taxes +€7,088
up €7,088 (+75.5%), from €9,395 to €16,483
- Financial charges -€2,848
down €2,848 (-16.3%), from €17,520 to €14,671
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 | €336,547 | €331,258 | -€5,289 | -1.6% |
| Fixed assets | 21/28 | €159,693 | €121,473 | -€38,220 | -23.9% |
| Tangible fixed assets | 22/27 | €159,693 | €121,473 | -€38,220 | -23.9% |
| Land and buildings | 22 | €12,814 | €11,000 | -€1,814 | -14.2% |
| Plant, machinery and equipment | 23 | €2,873 | €1,607 | -€1,266 | -44.1% |
| Furniture and vehicles | 24 | €1,765 | €964 | -€800 | -45.4% |
| Leasing and similar rights | 25 | €36,259 | €14,409 | -€21,850 | -60.3% |
| Other tangible fixed assets | 26 | €105,982 | €93,493 | -€12,490 | -11.8% |
| Current assets | 29/58 | €176,854 | €209,785 | +€32,931 | +18.6% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,658 | €74,498 | +€32,840 | +78.8% |
| Trade receivables | 40 | €10,838 | €500 | -€10,338 | -95.4% |
| Other amounts receivable | 41 | €30,820 | €73,998 | +€43,178 | +140% |
| Cash at bank and in hand | 54/58 | €9,780 | €9,873 | +€93 | +1.0% |
| Deferred charges and accrued income | 490/1 | €416 | €413 | -€2 | -0.5% |
| Total equity and liabilities | 10/49 | €336,547 | €331,258 | -€5,289 | -1.6% |
| Equity | 10/15 | €63,348 | €91,186 | +€27,838 | +43.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €13,364 | €41,202 | +€27,838 | +208% |
| Distributable reserves | 133 | €13,364 | €41,202 | +€27,838 | +208% |
| Profit (loss) carried forward | 14 | €31,435 | €31,435 | = | 0.0% |
| Amounts payable | 17/49 | €273,198 | €240,072 | -€33,127 | -12.1% |
| Amounts payable after more than one year | 17 | €183,462 | €137,763 | -€45,699 | -24.9% |
| Financial debts | 170/4 | €183,462 | €137,763 | -€45,699 | -24.9% |
| Amounts payable within one year | 42/48 | €88,218 | €101,563 | +€13,346 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €79,601 | €75,230 | -€4,371 | -5.5% |
| Trade debts | 44 | €5,179 | €4,480 | -€700 | -13.5% |
| Suppliers | 440/4 | €5,179 | €4,480 | -€700 | -13.5% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €3,437 | €21,353 | +€17,916 | +521% |
| Taxes | 450/3 | €3,437 | €14,960 | +€11,522 | +335% |
| Remuneration and social security | 454/9 | - | €6,394 | +€6,394 | |
| Accrued charges and deferred income | 492/3 | €1,519 | €745 | -€773 | -50.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €23,402 | +€23,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,986 | €38,220 | +€234 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €3,748 | €3,854 | +€106 | +2.8% |
| Gross operating margin | 9900 | €76,225 | €120,445 | +€44,220 | +58.0% |
| Operating profit (loss) | 9901 | €34,491 | €54,469 | +€19,978 | +57.9% |
| Financial income | 75/76B | €3,787 | €4,523 | +€736 | +19.4% |
| Recurring financial income | 75 | €3,787 | €4,523 | +€736 | +19.4% |
| Financial charges | 65/66B | €17,520 | €14,671 | -€2,848 | -16.3% |
| Recurring financial charges | 65 | €17,520 | €14,671 | -€2,848 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €20,759 | €44,321 | +€23,562 | +114% |
| Income taxes | 67/77 | €9,395 | €16,483 | +€7,088 | +75.5% |
| Profit (loss) for the period | 9904 | €11,364 | €27,838 | +€16,474 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €11,364 | €27,838 | +€16,474 | +145% |
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 17 October 2026 via checked.be.