SUNSET43: 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.
SUNSET43
Largest movements
- Tangible fixed assets +€358,282
up €358,282 (+31.4%), from €1.1m to €1.5m
of which Land and buildings: +€287,158
- Cash +€104,970
up €104,970 (+53.1%), from €197,702 to €302,672
mainly Other debts (+€475,430) and Depreciation (+€37,045)
- Other debts +€475,430
up €475,430 (+99.6%), from €477,387 to €952,817
- Purchases and services -€17,152
no longer reported in 2025 (was €17,152)
- Gross operating margin +€6,419
up €6,419 (+10.5%), from €61,298 to €67,717
- Other operating charges +€4,649
up €4,649 (+146.6%), from €3,172 to €7,821
- Financial charges -€4,209
down €4,209 (-11.6%), from €36,220 to €32,011
- Depreciation +€2,965
up €2,965 (+8.7%), from €34,080 to €37,045
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 | €1,338,778 | €1,805,880 | +€467,102 | +34.9% |
| Fixed assets | 21/28 | €1,140,207 | €1,498,489 | +€358,282 | +31.4% |
| Tangible fixed assets | 22/27 | €1,140,207 | €1,498,489 | +€358,282 | +31.4% |
| Land and buildings | 22 | €1,140,207 | €1,427,365 | +€287,158 | +25.2% |
| Furniture and vehicles | 24 | - | €71,124 | +€71,124 | |
| Current assets | 29/58 | €198,571 | €307,391 | +€108,820 | +54.8% |
| Amounts receivable within one year | 40/41 | €869 | €1,626 | +€757 | +87.1% |
| Other amounts receivable | 41 | €869 | €1,626 | +€757 | +87.1% |
| Cash at bank and in hand | 54/58 | €197,702 | €302,672 | +€104,970 | +53.1% |
| Deferred charges and accrued income | 490/1 | - | €3,093 | +€3,093 | |
| Total equity and liabilities | 10/49 | €1,338,778 | €1,805,880 | +€467,102 | +34.9% |
| Equity | 10/15 | €370,131 | €363,494 | -€6,637 | -1.8% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,869 | -€86,506 | -€6,637 | -8.3% |
| Amounts payable | 17/49 | €968,647 | €1,442,386 | +€473,739 | +48.9% |
| Amounts payable after more than one year | 17 | €454,120 | €454,960 | +€840 | +0.2% |
| Other amounts payable | 178/9 | €454,120 | €454,960 | +€840 | +0.2% |
| Amounts payable within one year | 42/48 | €478,437 | €954,948 | +€476,511 | +99.6% |
| Trade debts | 44 | €726 | €1,432 | +€706 | +97.2% |
| Suppliers | 440/4 | €726 | €1,432 | +€706 | +97.2% |
| Taxes, remuneration and social security | 45 | €324 | €699 | +€375 | +115.7% |
| Taxes | 450/3 | €324 | €699 | +€375 | +115.7% |
| Other amounts payable | 47/48 | €477,387 | €952,817 | +€475,430 | +99.6% |
| Accrued charges and deferred income | 492/3 | €36,090 | €32,478 | -€3,612 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,152 | - | -€17,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,080 | €37,045 | +€2,965 | +8.7% |
| Other operating charges | 640/8 | €3,172 | €7,821 | +€4,649 | +146.6% |
| Gross operating margin | 9900 | €61,298 | €67,717 | +€6,419 | +10.5% |
| Operating profit (loss) | 9901 | €24,046 | €22,851 | -€1,195 | -5.0% |
| Financial income | 75/76B | €2,898 | €2,523 | -€375 | -12.9% |
| Recurring financial income | 75 | €2,898 | €2,523 | -€375 | -12.9% |
| Financial charges | 65/66B | €36,220 | €32,011 | -€4,209 | -11.6% |
| Recurring financial charges | 65 | €36,220 | €32,011 | -€4,209 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,276 | -€6,637 | +€2,639 | +28.4% |
| Profit (loss) for the period | 9904 | -€9,276 | -€6,637 | +€2,639 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,276 | -€6,637 | +€2,639 | +28.4% |
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 6 October 2026 via checked.be.