SUNSOLUTIONS: 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.
SUNSOLUTIONS
Largest movements
- Stocks and contracts +€273,101
up €273,101 (+439.6%), from €62,120 to €335,221
of which Contracts in progress: +€141,400
- Tangible fixed assets +€269,580
up €269,580 (+30.7%), from €878,624 to €1.1m
of which Land and buildings: +€337,714
- Receivables within one year +€268,906
up €268,906 (+128.9%), from €208,614 to €477,521
of which Other amounts receivable: +€158,598
- Cash -€56,803
no longer reported in 2025 (was €56,803)
mainly Investment in fixed assets (net) (-€436,193) and Stocks and contracts (-€273,101)
- Debts after one year +€502,510
up €502,510 (+113.0%), from €444,665 to €947,175
- Trade debts +€82,804
up €82,804 (+71.3%), from €116,078 to €198,882
- Reserves +€57,323
up €57,323 (+10.7%), from €536,838 to €594,160
- Tax, wage and social debts +€55,422
up €55,422 (+195.7%), from €28,315 to €83,737
of which Taxes: +€33,570
- Current portion of long-term debt +€39,699
up €39,699 (+65.4%), from €60,681 to €100,380
- Gross operating margin +€267,345
up €267,345 (+63.1%), from €423,362 to €690,707
- Depreciation +€105,046
up €105,046 (+168.2%), from €62,442 to €167,488
- Staff costs +€104,503
up €104,503 (+39.7%), from €263,496 to €367,999
- Financial charges +€31,240
up €31,240 (+112.3%), from €27,812 to €59,052
of which Financial charges: +€18,235
- Other operating charges +€16,458
up €16,458 (+500.2%), from €3,290 to €19,749
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 | €1,207,037 | €1,969,570 | +€762,533 | +63.2% |
| Fixed assets | 21/28 | €879,499 | €1,148,205 | +€268,705 | +30.6% |
| Tangible fixed assets | 22/27 | €878,624 | €1,148,205 | +€269,580 | +30.7% |
| Land and buildings | 22 | €586,591 | €924,305 | +€337,714 | +57.6% |
| Plant, machinery and equipment | 23 | €176,207 | €109,984 | -€66,222 | -37.6% |
| Furniture and vehicles | 24 | €115,827 | €113,915 | -€1,912 | -1.7% |
| Financial fixed assets | 28 | €875 | - | -€875 | |
| Current assets | 29/58 | €327,538 | €821,365 | +€493,828 | +150.8% |
| Stocks and contracts in progress | 3 | €62,120 | €335,221 | +€273,101 | +439.6% |
| Stocks | 30/36 | €14,320 | €146,021 | +€131,701 | +919.7% |
| Contracts in progress | 37 | €47,800 | €189,200 | +€141,400 | +295.8% |
| Amounts receivable within one year | 40/41 | €208,614 | €477,521 | +€268,906 | +128.9% |
| Trade receivables | 40 | €57,174 | €167,482 | +€110,308 | +192.9% |
| Other amounts receivable | 41 | €151,440 | €310,038 | +€158,598 | +104.7% |
| Cash at bank and in hand | 54/58 | €56,803 | - | -€56,803 | |
| Deferred charges and accrued income | 490/1 | - | €8,624 | +€8,624 | |
| Total equity and liabilities | 10/49 | €1,207,037 | €1,969,570 | +€762,533 | +63.2% |
| Equity | 10/15 | €557,298 | €614,620 | +€57,323 | +10.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €536,838 | €594,160 | +€57,323 | +10.7% |
| Distributable reserves | 133 | €536,838 | €594,160 | +€57,323 | +10.7% |
| Amounts payable | 17/49 | €649,739 | €1,354,949 | +€705,210 | +108.5% |
| Amounts payable after more than one year | 17 | €444,665 | €947,175 | +€502,510 | +113.0% |
| Financial debts | 170/4 | €444,665 | €947,175 | +€502,510 | +113.0% |
| Amounts payable within one year | 42/48 | €205,074 | €407,774 | +€202,700 | +98.8% |
| Current portion of amounts payable after more than one year | 42 | €60,681 | €100,380 | +€39,699 | +65.4% |
| Financial debts | 43 | - | €24,776 | +€24,776 | |
| Credit institutions | 430/8 | - | €24,776 | +€24,776 | |
| Trade debts | 44 | €116,078 | €198,882 | +€82,804 | +71.3% |
| Suppliers | 440/4 | €116,078 | €198,882 | +€82,804 | +71.3% |
| Taxes, remuneration and social security | 45 | €28,315 | €83,737 | +€55,422 | +195.7% |
| Taxes | 450/3 | €1,263 | €34,833 | +€33,570 | +2657.4% |
| Remuneration and social security | 454/9 | €27,052 | €48,904 | +€21,852 | +80.8% |
| Remuneration, social security and pensions | 62 | €263,496 | €367,999 | +€104,503 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,442 | €167,488 | +€105,046 | +168.2% |
| Other operating charges | 640/8 | €3,290 | €19,749 | +€16,458 | +500.2% |
| Gross operating margin | 9900 | €423,362 | €690,707 | +€267,345 | +63.1% |
| Operating profit (loss) | 9901 | €94,134 | €135,472 | +€41,338 | +43.9% |
| Financial income | 75/76B | €210 | €7,109 | +€6,899 | +3292.8% |
| Recurring financial income | 75 | €210 | €7,109 | +€6,899 | +3292.8% |
| Financial charges | 65/66B | €27,812 | €59,052 | +€31,240 | +112.3% |
| Recurring financial charges | 65 | €18,072 | €36,307 | +€18,235 | +100.9% |
| Non-recurring financial charges | 66B | €9,740 | €22,745 | +€13,005 | +133.5% |
| Profit (loss) for the period before taxes | 9903 | €66,532 | €83,529 | +€16,997 | +25.5% |
| Income taxes | 67/77 | €21,355 | €26,206 | +€4,851 | +22.7% |
| Profit (loss) for the period | 9904 | €45,176 | €57,323 | +€12,146 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,176 | €57,323 | +€12,146 | +26.9% |
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.