Sundeck: 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.
Sundeck
Largest movements
- Cash +€312,836
up €312,836 (+108%), from €289,947 to €602,783
mainly Depreciation (+€195,222) and Net result for the year (+€180,663)
- Tangible fixed assets -€183,285
down €183,285 (-10.8%), from €1.7m to €1.5m
of which Land and buildings: -€176,328
- Receivables within one year -€69,312
down €69,312 (-36.3%), from €191,057 to €121,745
of which Trade receivables: -€66,805
- Debts after one year -€135,552
down €135,552 (-10.2%), from €1.3m to €1.2m
of which Financial debts: -€135,552
- Other debts +€116,714
up €116,714 (+320%), from €36,453 to €153,167
- Tax, wage and social debts +€46,945
up €46,945 (+51.8%), from €90,589 to €137,534
of which Taxes: +€58,367
- Reserves +€37,951
up €37,951 (+11.1%), from €342,998 to €380,949
of which Distributable reserves: +€37,951
- Gross operating margin +€345,736
up €345,736 (+64.5%), from €535,976 to €881,712
- Depreciation +€116,737
up €116,737 (+149%), from €78,485 to €195,222
- Staff costs +€48,091
up €48,091 (+15.4%), from €311,688 to €359,779
- Taxes +€38,635
up €38,635 (+107%), from €35,955 to €74,590
- Financial charges +€25,856
up €25,856 (+87.1%), from €29,699 to €55,555
of which Financial charges: +€26,230
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 | €2,449,134 | €2,532,360 | +€83,226 | +3.4% |
| Fixed assets | 21/28 | €1,699,422 | €1,516,137 | -€183,285 | -10.8% |
| Tangible fixed assets | 22/27 | €1,696,662 | €1,513,377 | -€183,285 | -10.8% |
| Land and buildings | 22 | €1,631,254 | €1,454,926 | -€176,328 | -10.8% |
| Plant, machinery and equipment | 23 | €29,861 | €25,397 | -€4,464 | -14.9% |
| Furniture and vehicles | 24 | €5,504 | €8,295 | +€2,791 | +50.7% |
| Leasing and similar rights | 25 | €24,183 | €19,518 | -€4,665 | -19.3% |
| Other tangible fixed assets | 26 | €2,751 | €2,132 | -€619 | -22.5% |
| Assets under construction and advance payments | 27 | €3,109 | €3,109 | = | 0.0% |
| Financial fixed assets | 28 | €2,760 | €2,760 | = | 0.0% |
| Current assets | 29/58 | €749,712 | €1,016,223 | +€266,511 | +35.5% |
| Stocks and contracts in progress | 3 | €266,616 | €291,695 | +€25,079 | +9.4% |
| Stocks | 30/36 | €266,616 | €291,695 | +€25,079 | +9.4% |
| Amounts receivable within one year | 40/41 | €191,057 | €121,745 | -€69,312 | -36.3% |
| Trade receivables | 40 | €187,360 | €120,555 | -€66,805 | -35.7% |
| Other amounts receivable | 41 | €3,697 | €1,190 | -€2,507 | -67.8% |
| Cash at bank and in hand | 54/58 | €289,947 | €602,783 | +€312,836 | +108% |
| Deferred charges and accrued income | 490/1 | €2,092 | - | -€2,092 | |
| Total equity and liabilities | 10/49 | €2,449,134 | €2,532,360 | +€83,226 | +3.4% |
| Equity | 10/15 | €805,924 | €843,875 | +€37,951 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,998 | €380,949 | +€37,951 | +11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €341,138 | €379,089 | +€37,951 | +11.1% |
| Profit (loss) carried forward | 14 | €444,326 | €444,326 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,000 | €7,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €7,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,636,210 | €1,681,485 | +€45,275 | +2.8% |
| Amounts payable after more than one year | 17 | €1,326,611 | €1,191,059 | -€135,552 | -10.2% |
| Financial debts | 170/4 | €1,276,611 | €1,141,059 | -€135,552 | -10.6% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €309,599 | €490,426 | +€180,827 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €135,581 | €145,468 | +€9,887 | +7.3% |
| Trade debts | 44 | €46,976 | €54,257 | +€7,281 | +15.5% |
| Suppliers | 440/4 | €46,976 | €54,257 | +€7,281 | +15.5% |
| Taxes, remuneration and social security | 45 | €90,589 | €137,534 | +€46,945 | +51.8% |
| Taxes | 450/3 | €51,882 | €110,249 | +€58,367 | +112% |
| Remuneration and social security | 454/9 | €38,707 | €27,285 | -€11,422 | -29.5% |
| Other amounts payable | 47/48 | €36,453 | €153,167 | +€116,714 | +320% |
| Remuneration, social security and pensions | 62 | €311,688 | €359,779 | +€48,091 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,485 | €195,222 | +€116,737 | +149% |
| Other operating charges | 640/8 | €21,325 | €16,694 | -€4,631 | -21.7% |
| Gross operating margin | 9900 | €535,976 | €881,712 | +€345,736 | +64.5% |
| Operating profit (loss) | 9901 | €124,478 | €310,017 | +€185,539 | +149% |
| Financial income | 75/76B | €3,485 | €791 | -€2,694 | -77.3% |
| Recurring financial income | 75 | €3,485 | €791 | -€2,694 | -77.3% |
| Financial charges | 65/66B | €29,699 | €55,555 | +€25,856 | +87.1% |
| Recurring financial charges | 65 | €27,847 | €54,077 | +€26,230 | +94.2% |
| Non-recurring financial charges | 66B | €1,852 | €1,478 | -€374 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €98,264 | €255,253 | +€156,989 | +160% |
| Income taxes | 67/77 | €35,955 | €74,590 | +€38,635 | +107% |
| Profit (loss) for the period | 9904 | €62,309 | €180,663 | +€118,354 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €62,309 | €180,663 | +€118,354 | +190% |
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 18 October 2026 via checked.be.