SUNRAYS: 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.
SUNRAYS
Largest movements
- Receivables within one year +€67,429
up €67,429 (+6.2%), from €1.1m to €1.2m
of which Trade receivables: +€64,595
- Reserves +€39,795
up €39,795 (+10.8%), from €367,002 to €406,797
of which Distributable reserves: +€39,795
- Trade debts +€26,288
up €26,288 (+4.9%), from €533,822 to €560,109
- Gross operating margin +€44,435
up €44,435 (+135.2%), from €32,870 to €77,305
- Financial charges +€19,304
up €19,304 (+382.0%), from €5,053 to €24,357
- Financial income +€8,464
up €8,464 (+79.4%), from €10,661 to €19,125
- Taxes -€1,458
down €1,458 (-75.0%), from €1,943 to €486
- Other operating charges +€1,090
up €1,090 (+633.4%), from €172 to €1,262
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,262,610 | €2,331,206 | +€68,596 | +3.0% |
| Fixed assets | 21/28 | €1,151 | €959 | -€192 | -16.7% |
| Tangible fixed assets | 22/27 | €1,151 | €959 | -€192 | -16.7% |
| Plant, machinery and equipment | 23 | €1,151 | €959 | -€192 | -16.7% |
| Current assets | 29/58 | €2,261,459 | €2,330,247 | +€68,788 | +3.0% |
| Stocks and contracts in progress | 3 | €1,162,282 | €1,145,597 | -€16,684 | -1.4% |
| Stocks | 30/36 | €1,162,282 | €1,145,597 | -€16,684 | -1.4% |
| Amounts receivable within one year | 40/41 | €1,088,920 | €1,156,348 | +€67,429 | +6.2% |
| Trade receivables | 40 | €1,086,575 | €1,151,170 | +€64,595 | +5.9% |
| Other amounts receivable | 41 | €2,345 | €5,179 | +€2,834 | +120.8% |
| Cash at bank and in hand | 54/58 | €10,257 | €16,968 | +€6,711 | +65.4% |
| Deferred charges and accrued income | 490/1 | - | €11,333 | +€11,333 | |
| Total equity and liabilities | 10/49 | €2,262,610 | €2,331,206 | +€68,596 | +3.0% |
| Equity | 10/15 | €385,602 | €425,397 | +€39,795 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €367,002 | €406,797 | +€39,795 | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €365,142 | €404,937 | +€39,795 | +10.9% |
| Amounts payable | 17/49 | €1,877,008 | €1,905,809 | +€28,800 | +1.5% |
| Amounts payable within one year | 42/48 | €1,865,912 | €1,905,809 | +€39,896 | +2.1% |
| Trade debts | 44 | €533,822 | €560,109 | +€26,288 | +4.9% |
| Suppliers | 440/4 | €533,822 | €560,109 | +€26,288 | +4.9% |
| Taxes, remuneration and social security | 45 | €40,663 | €59,770 | +€19,107 | +47.0% |
| Taxes | 450/3 | €8,553 | €8,323 | -€230 | -2.7% |
| Remuneration and social security | 454/9 | €32,111 | €51,448 | +€19,337 | +60.2% |
| Other amounts payable | 47/48 | €1,291,427 | €1,285,929 | -€5,499 | -0.4% |
| Accrued charges and deferred income | 492/3 | €11,096 | - | -€11,096 | |
| Remuneration, social security and pensions | 62 | €29,924 | €30,338 | +€415 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €192 | = | 0.0% |
| Other operating charges | 640/8 | €172 | €1,262 | +€1,090 | +633.4% |
| Gross operating margin | 9900 | €32,870 | €77,305 | +€44,435 | +135.2% |
| Operating profit (loss) | 9901 | €2,582 | €45,513 | +€42,931 | +1662.8% |
| Financial income | 75/76B | €10,661 | €19,125 | +€8,464 | +79.4% |
| Recurring financial income | 75 | €10,661 | €19,125 | +€8,464 | +79.4% |
| Financial charges | 65/66B | €5,053 | €24,357 | +€19,304 | +382.0% |
| Recurring financial charges | 65 | €5,053 | €24,357 | +€19,304 | +382.0% |
| Profit (loss) for the period before taxes | 9903 | €8,190 | €40,281 | +€32,091 | +391.8% |
| Income taxes | 67/77 | €1,943 | €486 | -€1,458 | -75.0% |
| Profit (loss) for the period | 9904 | €6,247 | €39,795 | +€33,548 | +537.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,247 | €39,795 | +€33,548 | +537.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.