Sunhill Management: 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.
Sunhill Management
Largest movements
- Cash -€239,304
down €239,304 (-62.5%), from €382,819 to €143,515
mainly Other debts (-€348,338) and Investment in fixed assets (net) (-€233,175)
- Tangible fixed assets +€205,187
up €205,187 (+351%), from €58,379 to €263,566
of which Land and buildings: +€215,915
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Receivables within one year -€45,846
down €45,846 (-90.5%), from €50,652 to €4,805
of which Trade receivables: -€38,196
- Other debts -€348,338
down €348,338 (-74.0%), from €470,588 to €122,250
- Debts after one year +€197,406
up €197,406 (+4,385%), from €4,502 to €201,909
- Profit (loss) carried forward -€84,898
down €84,898 (-76.0%), from €111,646 to €26,748
- Gross operating margin -€42,677
down €42,677 (-16.0%), from €267,065 to €224,388
- Other operating charges +€26,102
up €26,102 (+1,219%), from €2,142 to €28,244
- Taxes -€15,116
down €15,116 (-24.6%), from €61,442 to €46,326
- Financial charges +€3,875
up €3,875 (+161%), from €2,412 to €6,287
- Depreciation +€3,228
up €3,228 (+13.2%), from €24,506 to €27,734
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 | €643,564 | €412,458 | -€231,105 | -35.9% |
| Fixed assets | 21/28 | €58,379 | €263,820 | +€205,442 | +352% |
| Tangible fixed assets | 22/27 | €58,379 | €263,566 | +€205,187 | +351% |
| Land and buildings | 22 | - | €215,915 | +€215,915 | |
| Furniture and vehicles | 24 | €36,839 | €18,266 | -€18,573 | -50.4% |
| Other tangible fixed assets | 26 | €21,540 | €29,385 | +€7,845 | +36.4% |
| Financial fixed assets | 28 | - | €254 | +€254 | |
| Current assets | 29/58 | €585,185 | €148,638 | -€436,547 | -74.6% |
| Amounts receivable within one year | 40/41 | €50,652 | €4,805 | -€45,846 | -90.5% |
| Trade receivables | 40 | €39,886 | €1,690 | -€38,196 | -95.8% |
| Other amounts receivable | 41 | €10,766 | €3,115 | -€7,651 | -71.1% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €382,819 | €143,515 | -€239,304 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,714 | €318 | -€1,396 | -81.5% |
| Total equity and liabilities | 10/49 | €643,564 | €412,458 | -€231,105 | -35.9% |
| Equity | 10/15 | €114,146 | €29,248 | -€84,898 | -74.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,646 | €26,748 | -€84,898 | -76.0% |
| Amounts payable | 17/49 | €529,418 | €383,210 | -€146,208 | -27.6% |
| Amounts payable after more than one year | 17 | €4,502 | €201,909 | +€197,406 | +4,385% |
| Financial debts | 170/4 | €4,502 | €201,909 | +€197,406 | +4,385% |
| Amounts payable within one year | 42/48 | €521,926 | €176,509 | -€345,416 | -66.2% |
| Current portion of amounts payable after more than one year | 42 | €10,656 | €15,755 | +€5,099 | +47.8% |
| Trade debts | 44 | €1,693 | €1,175 | -€518 | -30.6% |
| Suppliers | 440/4 | €1,693 | €1,175 | -€518 | -30.6% |
| Taxes, remuneration and social security | 45 | €38,989 | €37,330 | -€1,659 | -4.3% |
| Taxes | 450/3 | €38,989 | €37,330 | -€1,659 | -4.3% |
| Other amounts payable | 47/48 | €470,588 | €122,250 | -€348,338 | -74.0% |
| Accrued charges and deferred income | 492/3 | €2,989 | €4,792 | +€1,803 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,506 | €27,734 | +€3,228 | +13.2% |
| Other operating charges | 640/8 | €2,142 | €28,244 | +€26,102 | +1,219% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €267,065 | €224,388 | -€42,677 | -16.0% |
| Operating profit (loss) | 9901 | €240,417 | €168,411 | -€72,006 | -30.0% |
| Financial income | 75/76B | €12,448 | €10,950 | -€1,498 | -12.0% |
| Recurring financial income | 75 | €12,448 | €10,950 | -€1,498 | -12.0% |
| Financial charges | 65/66B | €2,412 | €6,287 | +€3,875 | +161% |
| Recurring financial charges | 65 | €2,412 | €6,287 | +€3,875 | +161% |
| Profit (loss) for the period before taxes | 9903 | €250,453 | €173,075 | -€77,379 | -30.9% |
| Income taxes | 67/77 | €61,442 | €46,326 | -€15,116 | -24.6% |
| Profit (loss) for the period | 9904 | €189,011 | €126,748 | -€62,263 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €189,011 | €126,748 | -€62,263 | -32.9% |
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 13 October 2026 via checked.be.