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.
SUNSET
Largest movements
- Tangible fixed assets -€107,078
down €107,078 (-93.2%), from €114,835 to €7,757
of which Land and buildings: -€84,292
- Receivables within one year +€38,146
up €38,146 (+10.5%), from €363,586 to €401,732
of which Other amounts receivable: +€151,554
- Cash +€14,432
new in 2024: €14,432
mainly Net result for the year (+€144,948) and Investment in fixed assets (net) (+€106,422)
- Profit (loss) carried forward +€144,948
up €144,948 (+1,759%), from €8,242 to €153,189
- Other debts -€110,605
down €110,605 (-23.0%), from €480,192 to €369,587
- Tax, wage and social debts -€46,286
down €46,286 (-98.5%), from €47,009 to €724
- Trade debts -€36,947
down €36,947 (-25.7%), from €143,486 to €106,539
- Short-term financial debts -€7,727
no longer reported in 2024 (was €7,727)
- Gross operating margin +€491,673
up €491,673, from -€251 to €491,423
- Other operating charges +€88,470
up €88,470 (+1,153%), from €7,676 to €96,147
- Financial income +€52,936
new in 2024: €52,936
- Depreciation -€33,074
down €33,074 (-98.1%), from €33,731 to €656
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.
Derived cash bridge
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 | €748,629 | €692,012 | -€56,617 | -7.6% |
| Fixed assets | 21/28 | €382,566 | €275,488 | -€107,078 | -28.0% |
| Tangible fixed assets | 22/27 | €114,835 | €7,757 | -€107,078 | -93.2% |
| Land and buildings | 22 | €92,049 | €7,757 | -€84,292 | -91.6% |
| Plant, machinery and equipment | 23 | €21,889 | - | -€21,889 | |
| Furniture and vehicles | 24 | €896 | - | -€896 | |
| Financial fixed assets | 28 | €267,731 | €267,731 | = | 0.0% |
| Current assets | 29/58 | €366,063 | €416,524 | +€50,461 | +13.8% |
| Stocks and contracts in progress | 3 | €2,240 | - | -€2,240 | |
| Stocks | 30/36 | €2,240 | - | -€2,240 | |
| Amounts receivable within one year | 40/41 | €363,586 | €401,732 | +€38,146 | +10.5% |
| Trade receivables | 40 | €226,585 | €113,177 | -€113,407 | -50.1% |
| Other amounts receivable | 41 | €137,002 | €288,555 | +€151,554 | +111% |
| Cash at bank and in hand | 54/58 | - | €14,432 | +€14,432 | |
| Deferred charges and accrued income | 490/1 | €237 | €360 | +€123 | +51.9% |
| Total equity and liabilities | 10/49 | €748,629 | €692,012 | -€56,617 | -7.6% |
| Equity | 10/15 | €70,215 | €215,163 | +€144,948 | +206% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,242 | €153,189 | +€144,948 | +1,759% |
| Amounts payable | 17/49 | €678,414 | €476,850 | -€201,565 | -29.7% |
| Amounts payable within one year | 42/48 | €678,414 | €476,850 | -€201,565 | -29.7% |
| Financial debts | 43 | €7,727 | - | -€7,727 | |
| Credit institutions | 430/8 | €7,727 | - | -€7,727 | |
| Trade debts | 44 | €143,486 | €106,539 | -€36,947 | -25.7% |
| Suppliers | 440/4 | €143,486 | €106,539 | -€36,947 | -25.7% |
| Taxes, remuneration and social security | 45 | €47,009 | €724 | -€46,286 | -98.5% |
| Taxes | 450/3 | €47,009 | €724 | -€46,286 | -98.5% |
| Other amounts payable | 47/48 | €480,192 | €369,587 | -€110,605 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,731 | €656 | -€33,074 | -98.1% |
| Other operating charges | 640/8 | €7,676 | €96,147 | +€88,470 | +1,153% |
| Non-recurring operating charges | 66A | - | €297,741 | +€297,741 | |
| Gross operating margin | 9900 | -€251 | €491,423 | +€491,673 | |
| Operating profit (loss) | 9901 | -€41,657 | €96,879 | +€138,537 | |
| Financial income | 75/76B | - | €52,936 | +€52,936 | |
| Recurring financial income | 75 | - | €52,936 | +€52,936 | |
| Financial charges | 65/66B | €7,228 | €4,868 | -€2,360 | -32.6% |
| Recurring financial charges | 65 | €7,228 | €4,868 | -€2,360 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€48,885 | €144,948 | +€193,833 | |
| Income taxes | 67/77 | €608 | - | -€608 | |
| Profit (loss) for the period | 9904 | -€49,493 | €144,948 | +€194,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,493 | €144,948 | +€194,441 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.