SunForest: 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.
SunForest
Largest movements
- Cash +€81,399
up €81,399 (+39.9%), from €204,017 to €285,416
mainly Net result for the year (+€123,354) and Trade debts (+€3,016)
- Receivables within one year +€42,899
up €42,899 (+108.2%), from €39,643 to €82,542
of which Trade receivables: +€42,886
- Profit (loss) carried forward +€123,354
up €123,354 (+111.8%), from €110,374 to €233,729
- Gross operating margin +€48,596
up €48,596 (+41.1%), from €118,309 to €166,905
- Taxes +€10,617
up €10,617 (+42.9%), from €24,738 to €35,355
- Other operating charges +€4,306
new in 2025: €4,306
- Financial charges +€1,860
up €1,860 (+1134.4%), from €164 to €2,024
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 | €246,804 | €372,429 | +€125,625 | +50.9% |
| Fixed assets | 21/28 | €1,509 | €1,790 | +€281 | +18.6% |
| Tangible fixed assets | 22/27 | €1,509 | €1,790 | +€281 | +18.6% |
| Plant, machinery and equipment | 23 | €1,509 | €1,790 | +€281 | +18.6% |
| Current assets | 29/58 | €245,296 | €370,640 | +€125,344 | +51.1% |
| Amounts receivable within one year | 40/41 | €39,643 | €82,542 | +€42,899 | +108.2% |
| Trade receivables | 40 | €39,643 | €82,530 | +€42,886 | +108.2% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €204,017 | €285,416 | +€81,399 | +39.9% |
| Deferred charges and accrued income | 490/1 | €1,635 | €2,682 | +€1,047 | +64.0% |
| Total equity and liabilities | 10/49 | €246,804 | €372,429 | +€125,625 | +50.9% |
| Equity | 10/15 | €204,614 | €327,969 | +€123,354 | +60.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €92,240 | €92,240 | = | 0.0% |
| Distributable reserves | 133 | €92,240 | €92,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,374 | €233,729 | +€123,354 | +111.8% |
| Amounts payable | 17/49 | €42,190 | €44,460 | +€2,270 | +5.4% |
| Amounts payable within one year | 42/48 | €41,800 | €44,070 | +€2,270 | +5.4% |
| Trade debts | 44 | €3,815 | €6,831 | +€3,016 | +79.1% |
| Suppliers | 440/4 | €3,815 | €6,831 | +€3,016 | +79.1% |
| Taxes, remuneration and social security | 45 | €36,700 | €36,098 | -€602 | -1.6% |
| Taxes | 450/3 | €36,700 | €36,098 | -€602 | -1.6% |
| Other amounts payable | 47/48 | €1,285 | €1,141 | -€144 | -11.2% |
| Accrued charges and deferred income | 492/3 | €390 | €390 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €1,057 | -€111 | -9.5% |
| Other operating charges | 640/8 | - | €4,306 | +€4,306 | |
| Non-recurring operating charges | 66A | - | €809 | +€809 | |
| Gross operating margin | 9900 | €118,309 | €166,905 | +€48,596 | +41.1% |
| Operating profit (loss) | 9901 | €117,141 | €160,733 | +€43,591 | +37.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €164 | €2,024 | +€1,860 | +1134.4% |
| Recurring financial charges | 65 | €164 | €2,024 | +€1,860 | +1134.4% |
| Profit (loss) for the period before taxes | 9903 | €116,977 | €158,709 | +€41,732 | +35.7% |
| Income taxes | 67/77 | €24,738 | €35,355 | +€10,617 | +42.9% |
| Profit (loss) for the period | 9904 | €92,240 | €123,354 | +€31,115 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,240 | €123,354 | +€31,115 | +33.7% |
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 6 October 2026 via checked.be.