Sundesign: what changed
What changed
Sundesign
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€136
2024 · -€15,849+€15,713
Equity
€75,605
2024 · €75,741-€136
Cash
€26,002
2024 · €17,534+€8,469
Balance sheet total
€114,360
2024 · €136,569-€22,209
Largest movements
Assets
- Tangible fixed assets -€21,085
down €21,085 (-46.3%), from €45,499 to €24,413
of which Furniture and vehicles: -€16,256
- Receivables within one year -€9,426
down €9,426 (-24.2%), from €39,019 to €29,593
of which Trade receivables: -€16,229
- Cash +€8,469
up €8,469 (+48.3%), from €17,534 to €26,002
mainly Depreciation (+€21,085) and Receivables within one year (+€9,426)
- Deferred charges and accrued income -€3,579
down €3,579 (-94.7%), from €3,779 to €200
- Stocks and contracts +€3,412
up €3,412 (+11.2%), from €30,438 to €33,850
Equity and liabilities
- Trade debts -€10,341
down €10,341 (-27.0%), from €38,329 to €27,988
- Debts after one year -€9,699
no longer reported in 2025 (was €9,699)
- Current portion of long-term debt -€1,834
down €1,834 (-15.9%), from €11,533 to €9,699
Income statement
- Staff costs -€28,970
down €28,970 (-20.3%), from €142,820 to €113,851
- Gross operating margin -€17,469
down €17,469 (-11.2%), from €156,537 to €139,068
- Depreciation -€2,918
down €2,918 (-12.2%), from €24,003 to €21,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€15,849
Gross operating margin
-€17,469
Staff costs
+€28,970
Depreciation
+€2,918
Other operating charges
+€61
Other operating items
+€1,701
Financial income
-€151
Financial charges
+€278
Taxes
-€594
Result 2025
-€136
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,001
Investment
€0
Financing
-€11,533
Cash 2024
€17,534
From operations (derived)
+€20,001
Net result for the year
-€136
Depreciation
+€21,085
Stocks and contracts
-€3,412
Receivables within one year
+€9,426
Deferred charges and accrued income
+€3,579
Trade debts
-€10,341
Tax, wage and social debts
-€200
Financing
-€11,533
Debts after one year
-€9,699
Current portion of long-term debt
-€1,834
Cash 2025
€26,002
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,569 | €114,360 | -€22,209 | -16.3% |
| Fixed assets | 21/28 | €45,799 | €24,713 | -€21,085 | -46.0% |
| Tangible fixed assets | 22/27 | €45,499 | €24,413 | -€21,085 | -46.3% |
| Plant, machinery and equipment | 23 | €2,405 | €1,353 | -€1,052 | -43.7% |
| Furniture and vehicles | 24 | €27,382 | €11,126 | -€16,256 | -59.4% |
| Other tangible fixed assets | 26 | €15,712 | €11,934 | -€3,778 | -24.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €90,770 | €89,646 | -€1,124 | -1.2% |
| Stocks and contracts in progress | 3 | €30,438 | €33,850 | +€3,412 | +11.2% |
| Stocks | 30/36 | €30,438 | €33,850 | +€3,412 | +11.2% |
| Amounts receivable within one year | 40/41 | €39,019 | €29,593 | -€9,426 | -24.2% |
| Trade receivables | 40 | €28,727 | €12,498 | -€16,229 | -56.5% |
| Other amounts receivable | 41 | €10,292 | €17,095 | +€6,803 | +66.1% |
| Cash at bank and in hand | 54/58 | €17,534 | €26,002 | +€8,469 | +48.3% |
| Deferred charges and accrued income | 490/1 | €3,779 | €200 | -€3,579 | -94.7% |
| Total equity and liabilities | 10/49 | €136,569 | €114,360 | -€22,209 | -16.3% |
| Equity | 10/15 | €75,741 | €75,605 | -€136 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,725 | €24,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,865 | €22,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,416 | €32,280 | -€136 | -0.4% |
| Amounts payable | 17/49 | €60,828 | €38,754 | -€22,073 | -36.3% |
| Amounts payable after more than one year | 17 | €9,699 | - | -€9,699 | |
| Financial debts | 170/4 | €9,699 | - | -€9,699 | |
| Amounts payable within one year | 42/48 | €51,129 | €38,754 | -€12,375 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €11,533 | €9,699 | -€1,834 | -15.9% |
| Trade debts | 44 | €38,329 | €27,988 | -€10,341 | -27.0% |
| Suppliers | 440/4 | €38,329 | €27,988 | -€10,341 | -27.0% |
| Taxes, remuneration and social security | 45 | €1,268 | €1,068 | -€200 | -15.8% |
| Taxes | 450/3 | €1,268 | €918 | -€350 | -27.6% |
| Remuneration and social security | 454/9 | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €142,820 | €113,851 | -€28,970 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,003 | €21,085 | -€2,918 | -12.2% |
| Other operating charges | 640/8 | €1,475 | €1,414 | -€61 | -4.1% |
| Non-recurring operating charges | 66A | €1,701 | - | -€1,701 | |
| Gross operating margin | 9900 | €156,537 | €139,068 | -€17,469 | -11.2% |
| Operating profit (loss) | 9901 | -€13,462 | €2,718 | +€16,180 | |
| Financial income | 75/76B | €332 | €181 | -€151 | -45.4% |
| Recurring financial income | 75 | €332 | €181 | -€151 | -45.4% |
| Financial charges | 65/66B | €2,556 | €2,279 | -€278 | -10.9% |
| Recurring financial charges | 65 | €2,556 | €2,279 | -€278 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,687 | €620 | +€16,307 | |
| Income taxes | 67/77 | €162 | €756 | +€594 | +366% |
| Profit (loss) for the period | 9904 | -€15,849 | -€136 | +€15,713 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,849 | -€136 | +€15,713 | +99.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.