SUNSEED: 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.
SUNSEED
Largest movements
- Tangible fixed assets -€18,303
down €18,303 (-11.0%), from €166,629 to €148,326
of which Land and buildings: -€10,754
- Deferred charges and accrued income -€2,257
down €2,257 (-91.1%), from €2,476 to €219
- Receivables within one year -€1,919
down €1,919 (-18.7%), from €10,245 to €8,327
of which Trade receivables: -€3,019
- Debts after one year -€26,530
down €26,530 (-62.4%), from €42,500 to €15,970
- Other debts +€3,283
up €3,283 (+3.5%), from €93,579 to €96,863
- Gross operating margin +€6,636
up €6,636 (+38.3%), from €17,316 to €23,951
- Depreciation +€5,298
up €5,298 (+40.7%), from €13,005 to €18,303
- Financial charges -€2,266
down €2,266 (-46.1%), from €4,918 to €2,652
- Other operating charges +€1,530
up €1,530 (+102.4%), from €1,494 to €3,025
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 | €185,951 | €162,665 | -€23,286 | -12.5% |
| Fixed assets | 21/28 | €166,877 | €148,573 | -€18,303 | -11.0% |
| Tangible fixed assets | 22/27 | €166,629 | €148,326 | -€18,303 | -11.0% |
| Land and buildings | 22 | €131,504 | €120,750 | -€10,754 | -8.2% |
| Furniture and vehicles | 24 | €33,739 | €26,190 | -€7,549 | -22.4% |
| Other tangible fixed assets | 26 | €1,386 | €1,386 | = | 0.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €19,075 | €14,092 | -€4,983 | -26.1% |
| Amounts receivable within one year | 40/41 | €10,245 | €8,327 | -€1,919 | -18.7% |
| Trade receivables | 40 | €5,545 | €2,527 | -€3,019 | -54.4% |
| Other amounts receivable | 41 | €4,700 | €5,800 | +€1,100 | +23.4% |
| Cash at bank and in hand | 54/58 | €6,353 | €5,546 | -€808 | -12.7% |
| Deferred charges and accrued income | 490/1 | €2,476 | €219 | -€2,257 | -91.1% |
| Total equity and liabilities | 10/49 | €185,951 | €162,665 | -€23,286 | -12.5% |
| Equity | 10/15 | €19,056 | €17,672 | -€1,383 | -7.3% |
| Contributions | 10/11 | €13,890 | €13,890 | = | 0.0% |
| Reserves | 13 | €12,860 | €12,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,694 | -€9,078 | -€1,383 | -18.0% |
| Amounts payable | 17/49 | €166,896 | €144,993 | -€21,903 | -13.1% |
| Amounts payable after more than one year | 17 | €42,500 | €15,970 | -€26,530 | -62.4% |
| Financial debts | 170/4 | €42,500 | €15,970 | -€26,530 | -62.4% |
| Amounts payable within one year | 42/48 | €124,396 | €129,024 | +€4,627 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €27,497 | €27,545 | +€48 | +0.2% |
| Trade debts | 44 | €39 | €1,725 | +€1,686 | +4331.1% |
| Suppliers | 440/4 | €39 | €1,725 | +€1,686 | +4331.1% |
| Taxes, remuneration and social security | 45 | €3,281 | €2,891 | -€390 | -11.9% |
| Taxes | 450/3 | €3,281 | €2,891 | -€390 | -11.9% |
| Other amounts payable | 47/48 | €93,579 | €96,863 | +€3,283 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,005 | €18,303 | +€5,298 | +40.7% |
| Other operating charges | 640/8 | €1,494 | €3,025 | +€1,530 | +102.4% |
| Gross operating margin | 9900 | €17,316 | €23,951 | +€6,636 | +38.3% |
| Operating profit (loss) | 9901 | €2,817 | €2,624 | -€193 | -6.9% |
| Financial income | 75/76B | €75 | €29 | -€46 | -61.8% |
| Recurring financial income | 75 | €75 | €29 | -€46 | -61.8% |
| Financial charges | 65/66B | €4,918 | €2,652 | -€2,266 | -46.1% |
| Recurring financial charges | 65 | €4,918 | €2,652 | -€2,266 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,026 | €0 | +€2,026 | |
| Income taxes | 67/77 | €1,303 | €1,384 | +€81 | +6.2% |
| Profit (loss) for the period | 9904 | -€3,329 | -€1,383 | +€1,946 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,329 | -€1,383 | +€1,946 | +58.4% |
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 11 October 2026 via checked.be.