SUNELEC: 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.
SUNELEC
Largest movements
- Cash -€10,307
down €10,307 (-9.2%), from €112,567 to €102,260
mainly Contributions, distributions and other (-€26,859) and Other debts (-€3,635)
- Receivables within one year -€9,785
down €9,785 (-63.4%), from €15,440 to €5,655
of which Trade receivables: -€5,365
- Tangible fixed assets -€2,894
down €2,894 (-10.6%), from €27,350 to €24,455
- Deferred charges and accrued income +€2,061
up €2,061 (+64.1%), from €3,215 to €5,276
- Reserves -€21,931
down €21,931 (-20.6%), from €106,269 to €84,338
of which Distributable reserves: -€21,931
- Accrued charges and deferred income +€7,204
up €7,204 (+204.9%), from €3,515 to €10,719
- Other debts -€3,635
down €3,635 (-16.6%), from €21,920 to €18,286
- Trade debts -€2,094
down €2,094 (-42.2%), from €4,963 to €2,870
- Gross operating margin -€59,003
down €59,003 (-80.1%), from €73,629 to €14,625
- Taxes -€20,374
down €20,374 (-86.1%), from €23,652 to €3,278
- Other operating charges +€795
up €795 (+58.4%), from €1,362 to €2,156
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,704 | €147,162 | -€20,542 | -12.2% |
| Fixed assets | 21/28 | €27,485 | €24,590 | -€2,894 | -10.5% |
| Tangible fixed assets | 22/27 | €27,350 | €24,455 | -€2,894 | -10.6% |
| Land and buildings | 22 | €20,149 | €18,937 | -€1,212 | -6.0% |
| Plant, machinery and equipment | 23 | €4,272 | €3,435 | -€837 | -19.6% |
| Furniture and vehicles | 24 | €2,929 | €2,083 | -€846 | -28.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €140,219 | €122,572 | -€17,648 | -12.6% |
| Stocks and contracts in progress | 3 | €8,998 | €9,381 | +€383 | +4.3% |
| Stocks | 30/36 | €8,998 | €9,381 | +€383 | +4.3% |
| Amounts receivable within one year | 40/41 | €15,440 | €5,655 | -€9,785 | -63.4% |
| Trade receivables | 40 | €8,869 | €3,504 | -€5,365 | -60.5% |
| Other amounts receivable | 41 | €6,571 | €2,151 | -€4,420 | -67.3% |
| Cash at bank and in hand | 54/58 | €112,567 | €102,260 | -€10,307 | -9.2% |
| Deferred charges and accrued income | 490/1 | €3,215 | €5,276 | +€2,061 | +64.1% |
| Total equity and liabilities | 10/49 | €167,704 | €147,162 | -€20,542 | -12.2% |
| Equity | 10/15 | €137,219 | €115,288 | -€21,931 | -16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,269 | €84,338 | -€21,931 | -20.6% |
| Tax-exempt reserves | 132 | €2,419 | €2,419 | = | 0.0% |
| Distributable reserves | 133 | €103,850 | €81,919 | -€21,931 | -21.1% |
| Profit (loss) carried forward | 14 | €24,750 | €24,750 | = | 0.0% |
| Amounts payable | 17/49 | €30,485 | €31,874 | +€1,389 | +4.6% |
| Amounts payable within one year | 42/48 | €26,970 | €21,156 | -€5,814 | -21.6% |
| Trade debts | 44 | €4,963 | €2,870 | -€2,094 | -42.2% |
| Suppliers | 440/4 | €4,963 | €2,870 | -€2,094 | -42.2% |
| Taxes, remuneration and social security | 45 | €86 | - | -€86 | |
| Taxes | 450/3 | €86 | - | -€86 | |
| Other amounts payable | 47/48 | €21,920 | €18,286 | -€3,635 | -16.6% |
| Accrued charges and deferred income | 492/3 | €3,515 | €10,719 | +€7,204 | +204.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,697 | €4,022 | +€325 | +8.8% |
| Other operating charges | 640/8 | €1,362 | €2,156 | +€795 | +58.4% |
| Gross operating margin | 9900 | €73,629 | €14,625 | -€59,003 | -80.1% |
| Operating profit (loss) | 9901 | €68,570 | €8,447 | -€60,123 | -87.7% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.7% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.7% |
| Financial charges | 65/66B | €348 | €241 | -€107 | -30.6% |
| Recurring financial charges | 65 | €348 | €241 | -€107 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €68,231 | €8,206 | -€60,026 | -88.0% |
| Income taxes | 67/77 | €23,652 | €3,278 | -€20,374 | -86.1% |
| Profit (loss) for the period | 9904 | €44,579 | €4,927 | -€39,651 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,579 | €4,927 | -€39,651 | -88.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.