SUNFLOW: 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.
SUNFLOW
Largest movements
- Receivables after one year -€27,000
down €27,000 (-100.0%), from €27,000 to €0
- Cash +€14,768
up €14,768 (+35.0%), from €42,215 to €56,984
mainly Receivables after one year (+€27,000) and Other debts (+€23,200)
- Receivables within one year -€7,081
down €7,081 (-39.1%), from €18,092 to €11,011
of which Other amounts receivable: -€4,360
- Current investments -€5,000
down €5,000 (-9.1%), from €55,000 to €50,000
- Reserves -€48,070
down €48,070 (-39.9%), from €120,572 to €72,502
of which Distributable reserves: -€46,210
- Other debts +€23,200
up €23,200 (+78063.3%), from €30 to €23,230
- Tax, wage and social debts -€1,797
down €1,797 (-56.7%), from €3,171 to €1,374
- Gross operating margin -€1,816
down €1,816 (-12.0%), from €15,094 to €13,278
- Taxes -€854
down €854 (-17.8%), from €4,788 to €3,934
- Financial income -€816
down €816 (-40.6%), from €2,008 to €1,192
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 | €146,678 | €119,858 | -€26,820 | -18.3% |
| Fixed assets | 21/28 | €2,683 | €1,256 | -€1,427 | -53.2% |
| Tangible fixed assets | 22/27 | €1,763 | €336 | -€1,427 | -80.9% |
| Plant, machinery and equipment | 23 | €1,763 | €336 | -€1,427 | -80.9% |
| Financial fixed assets | 28 | €920 | €920 | = | 0.0% |
| Current assets | 29/58 | €143,995 | €118,602 | -€25,393 | -17.6% |
| Amounts receivable after more than one year | 29 | €27,000 | €0 | -€27,000 | -100.0% |
| Other amounts receivable | 291 | €27,000 | €0 | -€27,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,092 | €11,011 | -€7,081 | -39.1% |
| Trade receivables | 40 | €13,286 | €10,565 | -€2,721 | -20.5% |
| Other amounts receivable | 41 | €4,806 | €446 | -€4,360 | -90.7% |
| Current investments | 50/53 | €55,000 | €50,000 | -€5,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €42,215 | €56,984 | +€14,768 | +35.0% |
| Deferred charges and accrued income | 490/1 | €1,688 | €608 | -€1,080 | -64.0% |
| Total equity and liabilities | 10/49 | €146,678 | €119,858 | -€26,820 | -18.3% |
| Equity | 10/15 | €143,067 | €94,997 | -€48,070 | -33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,572 | €72,502 | -€48,070 | -39.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €118,712 | €72,502 | -€46,210 | -38.9% |
| Profit (loss) carried forward | 14 | €3,896 | €3,896 | = | 0.0% |
| Amounts payable | 17/49 | €3,610 | €24,861 | +€21,251 | +588.6% |
| Amounts payable within one year | 42/48 | €3,610 | €24,861 | +€21,251 | +588.6% |
| Trade debts | 44 | €409 | €257 | -€153 | -37.3% |
| Suppliers | 440/4 | €409 | €257 | -€153 | -37.3% |
| Taxes, remuneration and social security | 45 | €3,171 | €1,374 | -€1,797 | -56.7% |
| Taxes | 450/3 | €3,171 | €1,374 | -€1,797 | -56.7% |
| Other amounts payable | 47/48 | €30 | €23,230 | +€23,200 | +78063.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €1,427 | = | 0.0% |
| Other operating charges | 640/8 | €541 | €548 | +€6 | +1.2% |
| Gross operating margin | 9900 | €15,094 | €13,278 | -€1,816 | -12.0% |
| Operating profit (loss) | 9901 | €13,126 | €11,303 | -€1,822 | -13.9% |
| Financial income | 75/76B | €2,008 | €1,192 | -€816 | -40.6% |
| Recurring financial income | 75 | €2,008 | €1,192 | -€816 | -40.6% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €15,016 | €12,364 | -€2,653 | -17.7% |
| Income taxes | 67/77 | €4,788 | €3,934 | -€854 | -17.8% |
| Profit (loss) for the period | 9904 | €10,229 | €8,430 | -€1,799 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,229 | €8,430 | -€1,799 | -17.6% |
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 28 September 2026 via checked.be.