SUNOUT: 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.
SUNOUT
Largest movements
- Tangible fixed assets -€71,850
down €71,850 (-66.9%), from €107,449 to €35,599
of which Leasing and similar rights: -€57,740
- Cash +€13,193
up €13,193 (+31.4%), from €42,047 to €55,240
mainly Investment in fixed assets (net) (+€52,018) and Depreciation (+€19,832)
- Receivables within one year -€4,507
down €4,507 (-24.1%), from €18,689 to €14,182
of which Other amounts receivable: -€6,568
- Stocks and contracts +€3,641
up €3,641 (+91.0%), from €4,002 to €7,643
- Profit (loss) carried forward -€42,362
down €42,362, from €11,380 to -€30,982
- Debts after one year -€10,018
down €10,018 (-32.9%), from €30,447 to €20,429
- Advances received -€5,725
no longer reported in 2025 (was €5,725)
- Current portion of long-term debt -€2,776
down €2,776 (-21.7%), from €12,793 to €10,017
- Gross operating margin -€25,301
down €25,301, from €8,847 to -€16,454
- Depreciation -€3,758
down €3,758 (-15.9%), from €23,590 to €19,832
- Other operating charges -€774
down €774 (-51.5%), from €1,504 to €730
- Financial charges -€444
down €444 (-7.9%), from €5,617 to €5,173
- Taxes +€311
new in 2025: €311
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 | €175,916 | €116,060 | -€59,856 | -34.0% |
| Fixed assets | 21/28 | €107,449 | €35,599 | -€71,850 | -66.9% |
| Tangible fixed assets | 22/27 | €107,449 | €35,599 | -€71,850 | -66.9% |
| Plant, machinery and equipment | 23 | €11,192 | €7,882 | -€3,310 | -29.6% |
| Furniture and vehicles | 24 | €24,640 | €18,549 | -€6,091 | -24.7% |
| Leasing and similar rights | 25 | €57,740 | - | -€57,740 | |
| Other tangible fixed assets | 26 | €13,877 | €9,168 | -€4,709 | -33.9% |
| Current assets | 29/58 | €68,467 | €80,461 | +€11,994 | +17.5% |
| Stocks and contracts in progress | 3 | €4,002 | €7,643 | +€3,641 | +91.0% |
| Stocks | 30/36 | €4,002 | €7,643 | +€3,641 | +91.0% |
| Amounts receivable within one year | 40/41 | €18,689 | €14,182 | -€4,507 | -24.1% |
| Trade receivables | 40 | €681 | €2,742 | +€2,061 | +302.6% |
| Other amounts receivable | 41 | €18,008 | €11,440 | -€6,568 | -36.5% |
| Cash at bank and in hand | 54/58 | €42,047 | €55,240 | +€13,193 | +31.4% |
| Deferred charges and accrued income | 490/1 | €3,729 | €3,396 | -€333 | -8.9% |
| Total equity and liabilities | 10/49 | €175,916 | €116,060 | -€59,856 | -34.0% |
| Equity | 10/15 | €124,703 | €82,341 | -€42,362 | -34.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,123 | €107,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €760 | €760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €760 | €760 | = | 0.0% |
| Distributable reserves | 133 | €106,363 | €106,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,380 | -€30,982 | -€42,362 | |
| Amounts payable | 17/49 | €51,213 | €33,719 | -€17,494 | -34.2% |
| Amounts payable after more than one year | 17 | €30,447 | €20,429 | -€10,018 | -32.9% |
| Financial debts | 170/4 | €30,447 | €20,429 | -€10,018 | -32.9% |
| Amounts payable within one year | 42/48 | €20,766 | €13,290 | -€7,476 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €12,793 | €10,017 | -€2,776 | -21.7% |
| Trade debts | 44 | €2,248 | €3,034 | +€786 | +35.0% |
| Suppliers | 440/4 | €2,248 | €3,034 | +€786 | +35.0% |
| Advances received on contracts in progress | 46 | €5,725 | - | -€5,725 | |
| Taxes, remuneration and social security | 45 | - | €239 | +€239 | |
| Taxes | 450/3 | - | €239 | +€239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,590 | €19,832 | -€3,758 | -15.9% |
| Other operating charges | 640/8 | €1,504 | €730 | -€774 | -51.5% |
| Gross operating margin | 9900 | €8,847 | -€16,454 | -€25,301 | |
| Operating profit (loss) | 9901 | -€16,247 | -€37,016 | -€20,769 | -127.8% |
| Financial income | 75/76B | €93 | €138 | +€45 | +48.4% |
| Recurring financial income | 75 | €93 | €138 | +€45 | +48.4% |
| Financial charges | 65/66B | €5,617 | €5,173 | -€444 | -7.9% |
| Recurring financial charges | 65 | €5,617 | €5,173 | -€444 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,771 | -€42,051 | -€20,280 | -93.2% |
| Income taxes | 67/77 | - | €311 | +€311 | |
| Profit (loss) for the period | 9904 | -€21,771 | -€42,362 | -€20,591 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,771 | -€42,362 | -€20,591 | -94.6% |
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 8 October 2026 via checked.be.