SUNRISE: 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.
SUNRISE
Largest movements
- Receivables within one year -€112,262
down €112,262 (-55.6%), from €202,011 to €89,749
of which Other amounts receivable: -€90,996
- Cash +€29,800
up €29,800 (+95.5%), from €31,213 to €61,013
mainly Receivables within one year (+€112,262) and Deferred charges and accrued income (+€14,187)
- Deferred charges and accrued income -€14,187
down €14,187 (-61.1%), from €23,228 to €9,041
- Other debts -€90,308
down €90,308 (-98.7%), from €91,529 to €1,220
- Trade debts -€15,584
down €15,584 (-20.6%), from €75,680 to €60,096
- Reserves +€8,839
up €8,839 (+28.5%), from €31,061 to €39,901
- Gross operating margin -€28,978
down €28,978 (-69.8%), from €41,488 to €12,509
- Taxes -€9,139
down €9,139 (-70.1%), from €13,039 to €3,900
- Write-downs +€8,080
no longer reported in 2025 (was -€8,080)
- Other operating charges -€7,678
down €7,678 (-93.4%), from €8,223 to €545
- Financial income -€2,782
down €2,782 (-34.1%), from €8,166 to €5,384
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 | €260,368 | €161,572 | -€98,796 | -37.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,916 | €1,769 | -€2,147 | -54.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,916 | €1,769 | -€2,147 | -54.8% |
| Furniture and vehicles | 24 | €3,916 | €1,769 | -€2,147 | -54.8% |
| Current assets | 29/58 | €256,452 | €159,803 | -€96,649 | -37.7% |
| Amounts receivable within one year | 40/41 | €202,011 | €89,749 | -€112,262 | -55.6% |
| Trade receivables | 40 | €57,286 | €36,020 | -€21,266 | -37.1% |
| Other amounts receivable | 41 | €144,725 | €53,729 | -€90,996 | -62.9% |
| Cash at bank and in hand | 54/58 | €31,213 | €61,013 | +€29,800 | +95.5% |
| Deferred charges and accrued income | 490/1 | €23,228 | €9,041 | -€14,187 | -61.1% |
| Total equity and liabilities | 10/49 | €260,368 | €161,572 | -€98,796 | -37.9% |
| Equity | 10/15 | €59,342 | €68,181 | +€8,839 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,061 | €39,901 | +€8,839 | +28.5% |
| Distributable reserves | 133 | €31,061 | €39,901 | +€8,839 | +28.5% |
| Profit (loss) carried forward | 14 | €15,880 | €15,880 | = | 0.0% |
| Amounts payable | 17/49 | €201,026 | €93,391 | -€107,635 | -53.5% |
| Amounts payable within one year | 42/48 | €201,026 | €93,391 | -€107,635 | -53.5% |
| Trade debts | 44 | €75,680 | €60,096 | -€15,584 | -20.6% |
| Suppliers | 440/4 | €75,680 | €60,096 | -€15,584 | -20.6% |
| Taxes, remuneration and social security | 45 | €33,818 | €32,074 | -€1,743 | -5.2% |
| Taxes | 450/3 | €33,818 | €32,074 | -€1,743 | -5.2% |
| Other amounts payable | 47/48 | €91,529 | €1,220 | -€90,308 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,568 | €2,760 | +€193 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,080 | - | +€8,080 | |
| Other operating charges | 640/8 | €8,223 | €545 | -€7,678 | -93.4% |
| Gross operating margin | 9900 | €41,488 | €12,509 | -€28,978 | -69.8% |
| Operating profit (loss) | 9901 | €38,777 | €9,204 | -€29,573 | -76.3% |
| Financial income | 75/76B | €8,166 | €5,384 | -€2,782 | -34.1% |
| Recurring financial income | 75 | €8,166 | €5,384 | -€2,782 | -34.1% |
| Financial charges | 65/66B | €3,008 | €1,848 | -€1,159 | -38.5% |
| Recurring financial charges | 65 | €3,008 | €1,848 | -€1,159 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €43,935 | €12,740 | -€31,196 | -71.0% |
| Income taxes | 67/77 | €13,039 | €3,900 | -€9,139 | -70.1% |
| Profit (loss) for the period | 9904 | €30,897 | €8,839 | -€22,057 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,897 | €8,839 | -€22,057 | -71.4% |
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.