Sunmax: 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.
Sunmax
Largest movements
- Cash +€8,613
up €8,613 (+36.7%), from €23,496 to €32,109
mainly Net result for the year (+€14,752) and Depreciation (+€1,560)
- Receivables within one year -€884
down €884 (-31.3%), from €2,824 to €1,941
- Profit (loss) carried forward +€14,752
up €14,752 (+116.9%), from €12,615 to €27,367
- Other debts -€4,712
no longer reported in 2025 (was €4,712)
- Trade debts -€2,552
down €2,552 (-45.2%), from €5,648 to €3,095
- Gross operating margin -€3,531
down €3,531 (-12.9%), from €27,432 to €23,901
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 | €30,889 | €38,280 | +€7,391 | +23.9% |
| Fixed assets | 21/28 | €3,483 | €3,153 | -€330 | -9.5% |
| Tangible fixed assets | 22/27 | €3,483 | €3,153 | -€330 | -9.5% |
| Plant, machinery and equipment | 23 | €1,740 | €1,691 | -€49 | -2.8% |
| Other tangible fixed assets | 26 | €1,743 | €1,462 | -€281 | -16.1% |
| Current assets | 29/58 | €27,406 | €35,127 | +€7,721 | +28.2% |
| Amounts receivable within one year | 40/41 | €2,824 | €1,941 | -€884 | -31.3% |
| Trade receivables | 40 | €2,824 | €1,941 | -€884 | -31.3% |
| Cash at bank and in hand | 54/58 | €23,496 | €32,109 | +€8,613 | +36.7% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,077 | -€9 | -0.8% |
| Total equity and liabilities | 10/49 | €30,889 | €38,280 | +€7,391 | +23.9% |
| Equity | 10/15 | €15,115 | €29,867 | +€14,752 | +97.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,615 | €27,367 | +€14,752 | +116.9% |
| Amounts payable | 17/49 | €15,774 | €8,413 | -€7,361 | -46.7% |
| Amounts payable within one year | 42/48 | €15,774 | €8,413 | -€7,361 | -46.7% |
| Trade debts | 44 | €5,648 | €3,095 | -€2,552 | -45.2% |
| Suppliers | 440/4 | €5,648 | €3,095 | -€2,552 | -45.2% |
| Taxes, remuneration and social security | 45 | €5,415 | €5,318 | -€97 | -1.8% |
| Taxes | 450/3 | €1,487 | €1,037 | -€449 | -30.2% |
| Remuneration and social security | 454/9 | €3,928 | €4,280 | +€352 | +9.0% |
| Other amounts payable | 47/48 | €4,712 | - | -€4,712 | |
| Remuneration, social security and pensions | 62 | €5,366 | €5,138 | -€227 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €1,560 | +€14 | +0.9% |
| Other operating charges | 640/8 | €2,249 | €2,093 | -€156 | -6.9% |
| Gross operating margin | 9900 | €27,432 | €23,901 | -€3,531 | -12.9% |
| Operating profit (loss) | 9901 | €18,271 | €15,110 | -€3,162 | -17.3% |
| Financial charges | 65/66B | €126 | €358 | +€232 | +184.7% |
| Recurring financial charges | 65 | €126 | €358 | +€232 | +184.7% |
| Profit (loss) for the period before taxes | 9903 | €18,146 | €14,752 | -€3,394 | -18.7% |
| Profit (loss) for the period | 9904 | €18,146 | €14,752 | -€3,394 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,146 | €14,752 | -€3,394 | -18.7% |
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 10 October 2026 via checked.be.