SUNRISE PROJECTS: 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 PROJECTS
Largest movements
- Cash +€122,803
up €122,803 (+134.0%), from €91,646 to €214,449
mainly Net result for the year (+€273,105) and Deferred charges and accrued income (+€50,527)
- Reserves +€273,105
up €273,105 (+18.0%), from €1.5m to €1.8m
of which Distributable reserves: +€273,105
- Other debts -€106,838
down €106,838 (-3.1%), from €3.4m to €3.3m
- Accrued charges and deferred income -€74,936
down €74,936 (-44.7%), from €167,712 to €92,776
- Gross operating margin -€94,934
down €94,934 (-33.3%), from €285,157 to €190,223
- Financial income +€50,738
up €50,738 (+27.7%), from €182,952 to €233,690
- Financial charges -€29,893
down €29,893 (-24.3%), from €123,100 to €93,207
- Taxes -€18,490
down €18,490 (-26.2%), from €70,625 to €52,135
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 | €6,473,087 | €6,585,921 | +€112,834 | +1.7% |
| Fixed assets | 21/28 | €5,353,633 | €5,358,214 | +€4,581 | +0.1% |
| Tangible fixed assets | 22/27 | €49,033 | €53,614 | +€4,581 | +9.3% |
| Land and buildings | 22 | €46,200 | €46,200 | = | 0.0% |
| Furniture and vehicles | 24 | €2,833 | €7,414 | +€4,581 | +161.7% |
| Financial fixed assets | 28 | €5,304,600 | €5,304,600 | = | 0.0% |
| Current assets | 29/58 | €1,119,455 | €1,227,708 | +€108,253 | +9.7% |
| Amounts receivable within one year | 40/41 | €375,742 | €411,718 | +€35,977 | +9.6% |
| Trade receivables | 40 | €288,964 | €146,827 | -€142,136 | -49.2% |
| Other amounts receivable | 41 | €86,778 | €264,891 | +€178,113 | +205.3% |
| Current investments | 50/53 | €600,000 | €600,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,646 | €214,449 | +€122,803 | +134.0% |
| Deferred charges and accrued income | 490/1 | €52,067 | €1,540 | -€50,527 | -97.0% |
| Total equity and liabilities | 10/49 | €6,473,087 | €6,585,921 | +€112,834 | +1.7% |
| Equity | 10/15 | €2,837,853 | €3,110,958 | +€273,105 | +9.6% |
| Contributions | 10/11 | €1,323,480 | €1,323,480 | = | 0.0% |
| Reserves | 13 | €1,514,373 | €1,787,478 | +€273,105 | +18.0% |
| Tax-exempt reserves | 132 | €8,901 | €8,901 | = | 0.0% |
| Distributable reserves | 133 | €1,505,472 | €1,778,577 | +€273,105 | +18.1% |
| Amounts payable | 17/49 | €3,635,235 | €3,474,963 | -€160,271 | -4.4% |
| Amounts payable within one year | 42/48 | €3,467,523 | €3,382,187 | -€85,336 | -2.5% |
| Trade debts | 44 | €7,889 | €7,372 | -€517 | -6.5% |
| Suppliers | 440/4 | €7,889 | €7,372 | -€517 | -6.5% |
| Taxes, remuneration and social security | 45 | €33,112 | €55,132 | +€22,019 | +66.5% |
| Taxes | 450/3 | €24,112 | €52,132 | +€28,019 | +116.2% |
| Remuneration and social security | 454/9 | €9,000 | €3,000 | -€6,000 | -66.7% |
| Other amounts payable | 47/48 | €3,426,522 | €3,319,684 | -€106,838 | -3.1% |
| Accrued charges and deferred income | 492/3 | €167,712 | €92,776 | -€74,936 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,820 | €4,436 | +€2,615 | +143.7% |
| Other operating charges | 640/8 | €1,847 | €1,030 | -€817 | -44.3% |
| Gross operating margin | 9900 | €285,157 | €190,223 | -€94,934 | -33.3% |
| Operating profit (loss) | 9901 | €281,490 | €184,757 | -€96,732 | -34.4% |
| Financial income | 75/76B | €182,952 | €233,690 | +€50,738 | +27.7% |
| Recurring financial income | 75 | €182,952 | €233,690 | +€50,738 | +27.7% |
| Financial charges | 65/66B | €123,100 | €93,207 | -€29,893 | -24.3% |
| Recurring financial charges | 65 | €123,100 | €93,207 | -€29,893 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €341,341 | €325,240 | -€16,101 | -4.7% |
| Income taxes | 67/77 | €70,625 | €52,135 | -€18,490 | -26.2% |
| Profit (loss) for the period | 9904 | €270,716 | €273,105 | +€2,389 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €270,716 | €273,105 | +€2,389 | +0.9% |
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 2 October 2026 via checked.be.