SUNGATE: 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.
SUNGATE
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-27.6%), from €4.9m to €3.5m
of which Contracts in progress: -€2.1m
- Receivables within one year -€108,116
down €108,116 (-26.6%), from €406,502 to €298,386
of which Other amounts receivable: -€114,011
- Other debts +€2.5m
up €2.5m (+518%), from €491,100 to €3.0m
- Debts after one year -€2.4m
down €2.4m (-100%), from €2.4m to €0
- Trade debts -€2.1m
down €2.1m (-91.9%), from €2.3m to €185,275
- Reserves +€319,551
up €319,551 (+313%), from €101,953 to €421,504
- Tax, wage and social debts +€139,175
up €139,175 (+377%), from €36,908 to €176,083
- Gross operating margin +€340,871
up €340,871 (+189%), from €180,461 to €521,331
- Taxes +€94,578
up €94,578 (+434%), from €21,817 to €116,394
- Financial charges -€29,433
down €29,433 (-25.6%), from €114,887 to €85,454
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 | €5,381,709 | €3,867,884 | -€1.5m | -28.1% |
| Fixed assets | 21/28 | €7,610 | €7,610 | = | 0.0% |
| Financial fixed assets | 28 | €7,610 | €7,610 | = | 0.0% |
| Current assets | 29/58 | €5,374,100 | €3,860,274 | -€1.5m | -28.2% |
| Stocks and contracts in progress | 3 | €4,894,410 | €3,541,201 | -€1.4m | -27.6% |
| Stocks | 30/36 | - | €734,286 | +€734,286 | |
| Contracts in progress | 37 | €4,894,410 | €2,806,916 | -€2.1m | -42.7% |
| Amounts receivable within one year | 40/41 | €406,502 | €298,386 | -€108,116 | -26.6% |
| Trade receivables | 40 | €253,057 | €258,952 | +€5,895 | +2.3% |
| Other amounts receivable | 41 | €153,445 | €39,434 | -€114,011 | -74.3% |
| Cash at bank and in hand | 54/58 | €56,345 | €16,609 | -€39,736 | -70.5% |
| Deferred charges and accrued income | 490/1 | €16,843 | €4,078 | -€12,765 | -75.8% |
| Total equity and liabilities | 10/49 | €5,381,709 | €3,867,884 | -€1.5m | -28.1% |
| Equity | 10/15 | €151,953 | €471,504 | +€319,551 | +210% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €101,953 | €421,504 | +€319,551 | +313% |
| Distributable reserves | 133 | €101,953 | €421,504 | +€319,551 | +313% |
| Amounts payable | 17/49 | €5,229,756 | €3,396,379 | -€1.8m | -35.1% |
| Amounts payable after more than one year | 17 | €2,425,206 | €0 | -€2.4m | -100% |
| Financial debts | 170/4 | €2,425,206 | €0 | -€2.4m | -100% |
| Amounts payable within one year | 42/48 | €2,804,550 | €3,396,379 | +€591,829 | +21.1% |
| Trade debts | 44 | €2,276,542 | €185,275 | -€2.1m | -91.9% |
| Suppliers | 440/4 | €2,276,542 | €185,275 | -€2.1m | -91.9% |
| Taxes, remuneration and social security | 45 | €36,908 | €176,083 | +€139,175 | +377% |
| Taxes | 450/3 | €36,908 | €176,083 | +€139,175 | +377% |
| Other amounts payable | 47/48 | €491,100 | €3,035,022 | +€2.5m | +518% |
| Other operating charges | 640/8 | €982 | €0 | -€982 | -100% |
| Gross operating margin | 9900 | €180,461 | €521,331 | +€340,871 | +189% |
| Operating profit (loss) | 9901 | €179,479 | €521,331 | +€341,853 | +190% |
| Financial income | 75/76B | €617 | €68 | -€549 | -89.0% |
| Recurring financial income | 75 | €617 | €68 | -€549 | -89.0% |
| Financial charges | 65/66B | €114,887 | €85,454 | -€29,433 | -25.6% |
| Recurring financial charges | 65 | €114,887 | €85,454 | -€29,433 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €65,209 | €435,945 | +€370,737 | +569% |
| Income taxes | 67/77 | €21,817 | €116,394 | +€94,578 | +434% |
| Profit (loss) for the period | 9904 | €43,392 | €319,551 | +€276,159 | +636% |
| Profit (loss) for the period to be appropriated | 9905 | €43,392 | €319,551 | +€276,159 | +636% |
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 17 October 2026 via checked.be.