SUNRISE-SUNSET: what changed
Two financial 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-SUNSET
Largest movements
- Cash -€247,752
down €247,752 (-78.7%), from €314,956 to €67,203
mainly Current portion of long-term debt (-€935,000) and Other debts (-€122,127)
- Stocks and contracts +€121,186
up €121,186 (+3.8%), from €3.2m to €3.3m
- Current portion of long-term debt -€935,000
down €935,000 (-100%), from €935,000 to €0
- Short-term financial debts +€935,000
new in 2025: €935,000
- Trade debts +€124,627
up €124,627 (+743%), from €16,772 to €141,399
- Other debts -€122,127
down €122,127 (-6.1%), from €2.0m to €1.9m
- Profit (loss) carried forward -€114,841
down €114,841 (-7.0%), from -€1.7m to -€1.8m
- Other operating charges -€208,329
down €208,329 (-97.3%), from €214,017 to €5,688
- Financial charges -€139,972
down €139,972 (-76.9%), from €182,093 to €42,121
- Gross operating margin -€132,024
down €132,024, from €62,633 to -€69,391
- Financial income +€2,440
up €2,440 (+7,288%), from €33 to €2,473
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.
Derived cash bridge
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 | €5,232,569 | €5,119,133 | -€113,435 | -2.2% |
| Fixed assets | 21/28 | €649,916 | €649,821 | -€95 | 0.0% |
| Tangible fixed assets | 22/27 | €52,166 | €52,071 | -€95 | -0.2% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €666 | €571 | -€95 | -14.3% |
| Other tangible fixed assets | 26 | €51,500 | €51,500 | = | 0.0% |
| Financial fixed assets | 28 | €597,750 | €597,750 | = | 0.0% |
| Current assets | 29/58 | €4,582,652 | €4,469,312 | -€113,340 | -2.5% |
| Amounts receivable after more than one year | 29 | €800 | €800 | = | 0.0% |
| Trade receivables | 290 | €800 | €0 | -€800 | -100% |
| Other amounts receivable | 291 | - | €800 | +€800 | |
| Stocks and contracts in progress | 3 | €3,195,540 | €3,316,726 | +€121,186 | +3.8% |
| Stocks | 30/36 | €3,195,540 | €3,316,726 | +€121,186 | +3.8% |
| Amounts receivable within one year | 40/41 | €1,069,227 | €1,083,906 | +€14,679 | +1.4% |
| Trade receivables | 40 | €106,638 | €111,664 | +€5,026 | +4.7% |
| Other amounts receivable | 41 | €962,590 | €972,242 | +€9,652 | +1.0% |
| Cash at bank and in hand | 54/58 | €314,956 | €67,203 | -€247,752 | -78.7% |
| Deferred charges and accrued income | 490/1 | €2,130 | €677 | -€1,453 | -68.2% |
| Total equity and liabilities | 10/49 | €5,232,569 | €5,119,133 | -€113,435 | -2.2% |
| Equity | 10/15 | -€1,611,860 | -€1,726,701 | -€114,841 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €20,000 | €21,860 | +€1,860 | +9.3% |
| Profit (loss) carried forward | 14 | -€1,652,320 | -€1,767,161 | -€114,841 | -7.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €6,844,428 | €6,845,835 | +€1,406 | 0.0% |
| Amounts payable after more than one year | 17 | €3,887,000 | €3,887,000 | = | 0.0% |
| Financial debts | 170/4 | €3,887,000 | €3,887,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,957,428 | €2,958,835 | +€1,406 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €935,000 | €0 | -€935,000 | -100% |
| Financial debts | 43 | - | €935,000 | +€935,000 | |
| Credit institutions | 430/8 | - | €935,000 | +€935,000 | |
| Trade debts | 44 | €16,772 | €141,399 | +€124,627 | +743% |
| Suppliers | 440/4 | €16,772 | €141,399 | +€124,627 | +743% |
| Taxes, remuneration and social security | 45 | €1,164 | €70 | -€1,094 | -94.0% |
| Taxes | 450/3 | €1,164 | €70 | -€1,094 | -94.0% |
| Other amounts payable | 47/48 | €2,004,493 | €1,882,366 | -€122,127 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €95 | = | 0.0% |
| Other operating charges | 640/8 | €214,017 | €5,688 | -€208,329 | -97.3% |
| Gross operating margin | 9900 | €62,633 | -€69,391 | -€132,024 | |
| Operating profit (loss) | 9901 | -€151,479 | -€75,174 | +€76,305 | +50.4% |
| Financial income | 75/76B | €33 | €2,473 | +€2,440 | +7,288% |
| Recurring financial income | 75 | €33 | €2,473 | +€2,440 | +7,288% |
| Financial charges | 65/66B | €182,093 | €42,121 | -€139,972 | -76.9% |
| Recurring financial charges | 65 | €182,093 | €42,121 | -€139,972 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€333,538 | -€114,822 | +€218,716 | +65.6% |
| Transfer from deferred taxes | 780 | €226,523 | €0 | -€226,523 | -100% |
| Income taxes | 67/77 | €0 | €20 | +€20 | |
| Profit (loss) for the period | 9904 | -€107,014 | -€114,841 | -€7,827 | -7.3% |
| Transfer from tax-exempt reserves | 789 | €679,570 | €0 | -€679,570 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €572,556 | -€114,841 | -€687,397 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.