SUNPART: 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.
SUNPART
Largest movements
- Receivables within one year -€268,034
down €268,034 (-98.6%), from €271,784 to €3,750
of which Other amounts receivable: -€265,074
- Tangible fixed assets -€246,954
down €246,954 (-4.4%), from €5.7m to €5.4m
of which Land and buildings: -€256,763
- Reserves -€562,854
down €562,854 (-8.4%), from €6.7m to €6.1m
of which Distributable reserves: -€562,854
- Gross operating margin -€255,261
down €255,261, from €202,989 to -€52,272
- Depreciation -€102,549
down €102,549 (-23.1%), from €444,739 to €342,190
- Financial charges -€51,620
down €51,620 (-24.9%), from €207,662 to €156,043
- Other operating charges -€3,505
down €3,505 (-22.1%), from €15,854 to €12,349
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 | €11,771,969 | €11,248,096 | -€523,873 | -4.5% |
| Fixed assets | 21/28 | €11,453,077 | €11,206,122 | -€246,954 | -2.2% |
| Tangible fixed assets | 22/27 | €5,667,527 | €5,420,573 | -€246,954 | -4.4% |
| Land and buildings | 22 | €4,935,700 | €4,678,937 | -€256,763 | -5.2% |
| Plant, machinery and equipment | 23 | €29,710 | €37,973 | +€8,263 | +27.8% |
| Furniture and vehicles | 24 | €50,568 | €52,113 | +€1,545 | +3.1% |
| Other tangible fixed assets | 26 | €651,550 | €651,550 | = | 0.0% |
| Financial fixed assets | 28 | €5,785,549 | €5,785,549 | = | 0.0% |
| Current assets | 29/58 | €318,892 | €41,974 | -€276,919 | -86.8% |
| Amounts receivable within one year | 40/41 | €271,784 | €3,750 | -€268,034 | -98.6% |
| Trade receivables | 40 | €6,711 | €3,750 | -€2,961 | -44.1% |
| Other amounts receivable | 41 | €265,074 | €0 | -€265,074 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,108 | €38,224 | -€8,884 | -18.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €11,771,969 | €11,248,096 | -€523,873 | -4.5% |
| Equity | 10/15 | €6,732,466 | €6,169,613 | -€562,854 | -8.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,670,466 | €6,107,613 | -€562,854 | -8.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,664,266 | €6,101,413 | -€562,854 | -8.4% |
| Amounts payable | 17/49 | €5,039,503 | €5,078,484 | +€38,981 | +0.8% |
| Amounts payable within one year | 42/48 | €5,039,503 | €5,078,484 | +€38,981 | +0.8% |
| Financial debts | 43 | €5,018,000 | €5,058,000 | +€40,000 | +0.8% |
| Other loans | 439 | €5,018,000 | €5,058,000 | +€40,000 | +0.8% |
| Trade debts | 44 | €21,503 | €20,484 | -€1,019 | -4.7% |
| Suppliers | 440/4 | €21,503 | €20,484 | -€1,019 | -4.7% |
| Non-recurring operating income | 76A | €245,302 | €0 | -€245,302 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444,739 | €342,190 | -€102,549 | -23.1% |
| Other operating charges | 640/8 | €15,854 | €12,349 | -€3,505 | -22.1% |
| Gross operating margin | 9900 | €202,989 | -€52,272 | -€255,261 | |
| Operating profit (loss) | 9901 | -€257,604 | -€406,811 | -€149,207 | -57.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €207,662 | €156,043 | -€51,620 | -24.9% |
| Recurring financial charges | 65 | €207,662 | €156,043 | -€51,620 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€465,267 | -€562,854 | -€97,587 | -21.0% |
| Profit (loss) for the period | 9904 | -€465,267 | -€562,854 | -€97,587 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€465,267 | -€562,854 | -€97,587 | -21.0% |
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 5 October 2026 via checked.be.