SUNRAY: 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.
SUNRAY
Largest movements
- Tangible fixed assets -€12,557
down €12,557 (-27.9%), from €45,083 to €32,527
of which Furniture and vehicles: -€13,038
- Cash +€3,655
up €3,655 (+7.2%), from €50,840 to €54,495
mainly Depreciation (+€13,279) and Net result for the year (+€2,899)
- Debts after one year -€10,151
down €10,151 (-39.0%), from €25,999 to €15,848
- Tax, wage and social debts -€3,218
down €3,218 (-78.5%), from €4,099 to €881
of which Remuneration and social security: -€2,200
- Reserves +€2,899
up €2,899 (+5.3%), from €55,028 to €57,926
of which Distributable reserves: +€2,899
- Gross operating margin -€9,837
down €9,837 (-33.3%), from €29,556 to €19,719
- Taxes -€3,006
down €3,006 (-69.9%), from €4,302 to €1,296
- Financial income -€999
down €999 (-98.5%), from €1,015 to €16
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 | €117,977 | €108,810 | -€9,168 | -7.8% |
| Fixed assets | 21/28 | €45,168 | €32,612 | -€12,557 | -27.8% |
| Tangible fixed assets | 22/27 | €45,083 | €32,527 | -€12,557 | -27.9% |
| Land and buildings | 22 | €75 | €0 | -€75 | -100.0% |
| Plant, machinery and equipment | 23 | - | €557 | +€557 | |
| Furniture and vehicles | 24 | €45,008 | €31,970 | -€13,038 | -29.0% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €72,809 | €76,198 | +€3,389 | +4.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,133 | €20,799 | -€333 | -1.6% |
| Trade receivables | 40 | €18,853 | €19,095 | +€242 | +1.3% |
| Other amounts receivable | 41 | €2,279 | €1,704 | -€575 | -25.2% |
| Cash at bank and in hand | 54/58 | €50,840 | €54,495 | +€3,655 | +7.2% |
| Deferred charges and accrued income | 490/1 | €837 | €904 | +€68 | +8.1% |
| Total equity and liabilities | 10/49 | €117,977 | €108,810 | -€9,168 | -7.8% |
| Equity | 10/15 | €73,628 | €76,526 | +€2,899 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,028 | €57,926 | +€2,899 | +5.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €55,028 | €57,926 | +€2,899 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,350 | €32,284 | -€12,066 | -27.2% |
| Amounts payable after more than one year | 17 | €25,999 | €15,848 | -€10,151 | -39.0% |
| Financial debts | 170/4 | €25,999 | €15,848 | -€10,151 | -39.0% |
| Amounts payable within one year | 42/48 | €18,326 | €16,393 | -€1,932 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €9,831 | €10,151 | +€320 | +3.3% |
| Trade debts | 44 | €4,396 | €5,358 | +€963 | +21.9% |
| Suppliers | 440/4 | €4,396 | €5,358 | +€963 | +21.9% |
| Taxes, remuneration and social security | 45 | €4,099 | €881 | -€3,218 | -78.5% |
| Taxes | 450/3 | €1,899 | €881 | -€1,018 | -53.6% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100.0% |
| Other amounts payable | 47/48 | - | €4 | +€4 | |
| Accrued charges and deferred income | 492/3 | €25 | €42 | +€17 | +68.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,113 | €13,279 | +€166 | +1.3% |
| Other operating charges | 640/8 | €732 | €891 | +€159 | +21.7% |
| Gross operating margin | 9900 | €29,556 | €19,719 | -€9,837 | -33.3% |
| Operating profit (loss) | 9901 | €15,711 | €5,549 | -€10,162 | -64.7% |
| Financial income | 75/76B | €1,015 | €16 | -€999 | -98.5% |
| Recurring financial income | 75 | €1,015 | €16 | -€999 | -98.5% |
| Financial charges | 65/66B | €1,651 | €1,370 | -€281 | -17.0% |
| Recurring financial charges | 65 | €1,651 | €1,370 | -€281 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €15,075 | €4,195 | -€10,880 | -72.2% |
| Income taxes | 67/77 | €4,302 | €1,296 | -€3,006 | -69.9% |
| Profit (loss) for the period | 9904 | €10,774 | €2,899 | -€7,875 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,774 | €2,899 | -€7,875 | -73.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.