Sunproof: 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.
Sunproof
Largest movements
- Receivables within one year -€131,311
down €131,311 (-37.0%), from €355,031 to €223,720
of which Trade receivables: -€92,165
- Stocks and contracts +€98,000
up €98,000 (+49.5%), from €197,800 to €295,800
- Tangible fixed assets -€41,098
down €41,098 (-2.9%), from €1.4m to €1.4m
of which Land and buildings: -€43,218
- Cash -€28,891
down €28,891 (-28.9%), from €99,973 to €71,082
mainly Investment in fixed assets (net) (-€165,395) and Trade debts (-€151,916)
- Trade debts -€151,916
down €151,916 (-24.4%), from €623,352 to €471,435
- Short-term financial debts +€125,000
up €125,000 (+58.1%), from €215,000 to €340,000
of which Credit institutions: +€125,000
- Debts after one year -€71,798
down €71,798 (-8.3%), from €869,948 to €798,150
- Gross operating margin +€131,246
up €131,246 (+16.2%), from €808,715 to €939,961
- Staff costs +€91,700
up €91,700 (+14.6%), from €626,975 to €718,675
- Depreciation +€37,773
up €37,773 (+22.2%), from €170,103 to €207,876
- Taxes +€12,241
up €12,241 (+98.8%), from €12,388 to €24,629
- Financial income +€11,796
up €11,796 (+36.8%), from €32,022 to €43,818
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 | €2,054,427 | €1,959,410 | -€95,017 | -4.6% |
| Fixed assets | 21/28 | €1,399,762 | €1,357,281 | -€42,481 | -3.0% |
| Intangible fixed assets | 21 | €2,702 | €1,319 | -€1,383 | -51.2% |
| Tangible fixed assets | 22/27 | €1,397,061 | €1,355,963 | -€41,098 | -2.9% |
| Land and buildings | 22 | €734,703 | €691,486 | -€43,218 | -5.9% |
| Plant, machinery and equipment | 23 | €420,981 | €434,075 | +€13,094 | +3.1% |
| Furniture and vehicles | 24 | €241,376 | €230,403 | -€10,974 | -4.5% |
| Current assets | 29/58 | €654,664 | €602,128 | -€52,536 | -8.0% |
| Stocks and contracts in progress | 3 | €197,800 | €295,800 | +€98,000 | +49.5% |
| Stocks | 30/36 | €197,800 | €295,800 | +€98,000 | +49.5% |
| Amounts receivable within one year | 40/41 | €355,031 | €223,720 | -€131,311 | -37.0% |
| Trade receivables | 40 | €301,536 | €209,371 | -€92,165 | -30.6% |
| Other amounts receivable | 41 | €53,494 | €14,348 | -€39,146 | -73.2% |
| Cash at bank and in hand | 54/58 | €99,973 | €71,082 | -€28,891 | -28.9% |
| Deferred charges and accrued income | 490/1 | €1,860 | €11,526 | +€9,666 | +519.5% |
| Total equity and liabilities | 10/49 | €2,054,427 | €1,959,410 | -€95,017 | -4.6% |
| Equity | 10/15 | €248,069 | €249,214 | +€1,145 | +0.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,069 | €244,214 | +€1,145 | +0.5% |
| Amounts payable | 17/49 | €1,806,358 | €1,710,196 | -€96,162 | -5.3% |
| Amounts payable after more than one year | 17 | €869,948 | €798,150 | -€71,798 | -8.3% |
| Financial debts | 170/4 | €869,948 | €798,150 | -€71,798 | -8.3% |
| Amounts payable within one year | 42/48 | €936,410 | €912,046 | -€24,364 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €70,887 | €71,798 | +€911 | +1.3% |
| Financial debts | 43 | €215,000 | €340,000 | +€125,000 | +58.1% |
| Credit institutions | 430/8 | €125,000 | €250,000 | +€125,000 | +100.0% |
| Other loans | 439 | €90,000 | €90,000 | = | 0.0% |
| Trade debts | 44 | €623,352 | €471,435 | -€151,916 | -24.4% |
| Suppliers | 440/4 | €623,352 | €471,435 | -€151,916 | -24.4% |
| Taxes, remuneration and social security | 45 | €18,222 | €24,629 | +€6,407 | +35.2% |
| Taxes | 450/3 | €15,894 | €24,629 | +€8,735 | +55.0% |
| Remuneration and social security | 454/9 | €2,329 | - | -€2,329 | |
| Other amounts payable | 47/48 | €8,949 | €4,184 | -€4,765 | -53.2% |
| Non-recurring operating income | 76A | €2,767 | €27,774 | +€25,007 | +903.8% |
| Remuneration, social security and pensions | 62 | €626,975 | €718,675 | +€91,700 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,103 | €207,876 | +€37,773 | +22.2% |
| Other operating charges | 640/8 | €10,428 | €10,613 | +€185 | +1.8% |
| Non-recurring operating charges | 66A | - | €3,955 | +€3,955 | |
| Gross operating margin | 9900 | €808,715 | €939,961 | +€131,246 | +16.2% |
| Operating profit (loss) | 9901 | €1,209 | -€1,158 | -€2,367 | |
| Financial income | 75/76B | €32,022 | €43,818 | +€11,796 | +36.8% |
| Recurring financial income | 75 | €32,022 | €43,818 | +€11,796 | +36.8% |
| Financial charges | 65/66B | €19,495 | €16,887 | -€2,608 | -13.4% |
| Recurring financial charges | 65 | €19,495 | €16,887 | -€2,608 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €13,736 | €25,773 | +€12,037 | +87.6% |
| Income taxes | 67/77 | €12,388 | €24,629 | +€12,241 | +98.8% |
| Profit (loss) for the period | 9904 | €1,348 | €1,145 | -€203 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,348 | €1,145 | -€203 | -15.1% |
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.