SUNSET HOLDING: 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.
SUNSET HOLDING
Largest movements
- Tangible fixed assets +€573,923
up €573,923 (+167.7%), from €342,147 to €916,070
of which Land and buildings: +€591,787
- Receivables within one year -€36,280
down €36,280 (-46.0%), from €78,793 to €42,513
of which Trade receivables: -€43,411
- Debts after one year +€472,927
up €472,927 (+308.0%), from €153,543 to €626,470
- Other debts +€172,270
up €172,270 (+211.3%), from €81,548 to €253,817
- Profit (loss) carried forward -€73,236
down €73,236 (-72.5%), from €101,071 to €27,835
- Tax, wage and social debts -€57,754
down €57,754 (-95.8%), from €60,287 to €2,533
of which Taxes: -€29,564
- Trade debts +€20,628
up €20,628 (+263.2%), from €7,836 to €28,464
- Other operating charges +€92,050
up €92,050 (+3759.9%), from €2,448 to €94,499
- Taxes -€12,367
down €12,367 (-96.1%), from €12,863 to €496
- Gross operating margin -€9,133
down €9,133 (-14.1%), from €64,644 to €55,511
- Depreciation +€6,477
up €6,477 (+30.4%), from €21,323 to €27,799
- Financial charges +€3,602
up €3,602 (+152.9%), from €2,356 to €5,958
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 | €448,825 | €983,899 | +€535,074 | +119.2% |
| Fixed assets | 21/28 | €342,947 | €916,870 | +€573,923 | +167.4% |
| Tangible fixed assets | 22/27 | €342,147 | €916,070 | +€573,923 | +167.7% |
| Land and buildings | 22 | €165,009 | €756,796 | +€591,787 | +358.6% |
| Plant, machinery and equipment | 23 | €36,858 | €32,122 | -€4,737 | -12.9% |
| Furniture and vehicles | 24 | €9,750 | €8,733 | -€1,017 | -10.4% |
| Other tangible fixed assets | 26 | €130,530 | €118,420 | -€12,110 | -9.3% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €105,878 | €67,029 | -€38,849 | -36.7% |
| Amounts receivable within one year | 40/41 | €78,793 | €42,513 | -€36,280 | -46.0% |
| Trade receivables | 40 | €58,787 | €15,377 | -€43,411 | -73.8% |
| Other amounts receivable | 41 | €20,006 | €27,137 | +€7,131 | +35.6% |
| Cash at bank and in hand | 54/58 | €26,982 | €23,696 | -€3,287 | -12.2% |
| Deferred charges and accrued income | 490/1 | €103 | €820 | +€718 | +698.7% |
| Total equity and liabilities | 10/49 | €448,825 | €983,899 | +€535,074 | +119.2% |
| Equity | 10/15 | €134,785 | €61,549 | -€73,236 | -54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,514 | €27,514 | = | 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% |
| Distributable reserves | 133 | €25,654 | €25,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,071 | €27,835 | -€73,236 | -72.5% |
| Amounts payable | 17/49 | €314,039 | €922,350 | +€608,311 | +193.7% |
| Amounts payable after more than one year | 17 | €153,543 | €626,470 | +€472,927 | +308.0% |
| Financial debts | 170/4 | €153,543 | €626,470 | +€472,927 | +308.0% |
| Amounts payable within one year | 42/48 | €160,168 | €295,548 | +€135,379 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €8,553 | €8,773 | +€220 | +2.6% |
| Financial debts | 43 | €1,096 | €1,112 | +€16 | +1.5% |
| Credit institutions | 430/8 | €1,096 | €1,112 | +€16 | +1.5% |
| Trade debts | 44 | €7,836 | €28,464 | +€20,628 | +263.2% |
| Suppliers | 440/4 | €7,836 | €28,464 | +€20,628 | +263.2% |
| Advances received on contracts in progress | 46 | €848 | €848 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €60,287 | €2,533 | -€57,754 | -95.8% |
| Taxes | 450/3 | €32,097 | €2,533 | -€29,564 | -92.1% |
| Remuneration and social security | 454/9 | €28,190 | - | -€28,190 | |
| Other amounts payable | 47/48 | €81,548 | €253,817 | +€172,270 | +211.3% |
| Accrued charges and deferred income | 492/3 | €328 | €332 | +€4 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,323 | €27,799 | +€6,477 | +30.4% |
| Other operating charges | 640/8 | €2,448 | €94,499 | +€92,050 | +3759.9% |
| Gross operating margin | 9900 | €64,644 | €55,511 | -€9,133 | -14.1% |
| Operating profit (loss) | 9901 | €40,873 | -€66,787 | -€107,660 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €2,356 | €5,958 | +€3,602 | +152.9% |
| Recurring financial charges | 65 | €2,356 | €5,958 | +€3,602 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | €38,517 | -€72,740 | -€111,257 | |
| Income taxes | 67/77 | €12,863 | €496 | -€12,367 | -96.1% |
| Profit (loss) for the period | 9904 | €25,654 | -€73,236 | -€98,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,654 | -€73,236 | -€98,890 |
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.