Sunpower Systems Belgium: 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.
What changed
Sunpower Systems Belgium
NACE 27.110, Manufacture of electrical equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,403
2024 · €12,542-€1,139
Equity
€237,509
2024 · €226,106+€11,403
Cash
€26,303
2024 · €27,408-€1,105
Balance sheet total
€996,913
2024 · €572,821+€424,092
Largest movements
Assets
- Receivables within one year +€428,692
up €428,692 (+79.4%), from €539,899 to €968,591
of which Trade receivables: +€428,030
Equity and liabilities
- Other debts +€473,165
up €473,165 (+270%), from €175,392 to €648,557
- Trade debts -€39,139
down €39,139 (-87.3%), from €44,816 to €5,677
- Tax, wage and social debts -€12,739
down €12,739 (-17.8%), from €71,419 to €58,680
of which Remuneration and social security: -€14,479
- Profit (loss) carried forward +€11,403
up €11,403 (+5.2%), from €218,051 to €229,454
Income statement
- Staff costs -€45,204
down €45,204 (-11.2%), from €403,393 to €358,189
- Turnover -€42,265
down €42,265 (-8.4%), from €503,570 to €461,305
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.
Result 2024
€12,542
Turnover
-€42,265
Other operating income
-€253
Services and other goods
-€3,599
Staff costs
+€45,204
Other operating charges
+€16
Other operating items
+€1
Financial income
-€249
Financial charges
-€279
Other financial items
-€1
Taxes
+€286
Result 2025
€11,403
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1,107
Investment
€0
Financing
+€0
Cash 2024
€27,408
From operations (derived)
-€1,107
Net result for the year
+€11,403
Receivables within one year
-€428,692
Deferred charges and accrued income
+€3,493
Trade debts
-€39,139
Tax, wage and social debts
-€12,739
Other debts
+€473,165
Accrued charges and deferred income
-€8,599
Financing
+€0
Contributions, distributions and other
+€0
Not broken down
+€1
Cash 2025
€26,303
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,821 | €996,913 | +€424,092 | +74.0% |
| Current assets | 29/58 | €572,821 | €996,913 | +€424,092 | +74.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €539,899 | €968,591 | +€428,692 | +79.4% |
| Trade receivables | 40 | €536,845 | €964,875 | +€428,030 | +79.7% |
| Other amounts receivable | 41 | €3,054 | €3,716 | +€662 | +21.7% |
| Cash at bank and in hand | 54/58 | €27,408 | €26,303 | -€1,105 | -4.0% |
| Deferred charges and accrued income | 490/1 | €5,513 | €2,020 | -€3,493 | -63.4% |
| Total equity and liabilities | 10/49 | €572,821 | €996,913 | +€424,092 | +74.0% |
| Equity | 10/15 | €226,106 | €237,509 | +€11,403 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,051 | €229,454 | +€11,403 | +5.2% |
| Amounts payable | 17/49 | €346,714 | €759,403 | +€412,689 | +119% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €291,627 | €712,915 | +€421,288 | +144% |
| Trade debts | 44 | €44,816 | €5,677 | -€39,139 | -87.3% |
| Suppliers | 440/4 | €44,816 | €5,677 | -€39,139 | -87.3% |
| Taxes, remuneration and social security | 45 | €71,419 | €58,680 | -€12,739 | -17.8% |
| Taxes | 450/3 | €9,755 | €11,496 | +€1,741 | +17.8% |
| Remuneration and social security | 454/9 | €61,664 | €47,185 | -€14,479 | -23.5% |
| Other amounts payable | 47/48 | €175,392 | €648,557 | +€473,165 | +270% |
| Accrued charges and deferred income | 492/3 | €55,088 | €46,489 | -€8,599 | -15.6% |
| Operating income | 70/76A | €522,472 | €479,956 | -€42,516 | -8.1% |
| Turnover | 70 | €503,570 | €461,305 | -€42,265 | -8.4% |
| Other operating income | 74 | €18,903 | €18,650 | -€253 | -1.3% |
| Operating charges | 60/66A | €494,429 | €452,809 | -€41,620 | -8.4% |
| Services and other goods | 61 | €90,062 | €93,661 | +€3,599 | +4.0% |
| Remuneration, social security and pensions | 62 | €403,393 | €358,189 | -€45,204 | -11.2% |
| Other operating charges | 640/8 | €974 | €958 | -€16 | -1.6% |
| Operating profit (loss) | 9901 | €28,043 | €27,147 | -€896 | -3.2% |
| Financial income | 75/76B | €249 | €0 | -€249 | -100% |
| Recurring financial income | 75 | €249 | €0 | -€249 | -100% |
| Income from current assets | 751 | €243 | €0 | -€243 | -100% |
| Other financial income | 752/9 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €4,901 | €5,180 | +€279 | +5.7% |
| Recurring financial charges | 65 | €4,901 | €5,180 | +€279 | +5.7% |
| Debt charges | 650 | €4,040 | €4,653 | +€613 | +15.2% |
| Other financial charges | 652/9 | €860 | €527 | -€333 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €23,392 | €21,967 | -€1,425 | -6.1% |
| Income taxes | 67/77 | €10,850 | €10,564 | -€286 | -2.6% |
| Taxes | 670/3 | €10,850 | €10,750 | -€100 | -0.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €186 | +€186 | |
| Profit (loss) for the period | 9904 | €12,542 | €11,403 | -€1,139 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,542 | €11,403 | -€1,139 | -9.1% |
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 29 October 2026 via checked.be.