SUNSTAR IT: 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.
SUNSTAR IT
Largest movements
- Tangible fixed assets -€71,817
down €71,817 (-16.1%), from €444,784 to €372,967
of which Land and buildings: -€66,111
- Cash +€17,180
up €17,180 (+258%), from €6,650 to €23,830
mainly Investment in fixed assets (net) (+€52,915) and Net result for the year (+€21,775)
- Receivables within one year -€10,513
down €10,513 (-26.6%), from €39,477 to €28,964
of which Trade receivables: -€9,618
- Debts after one year -€66,342
down €66,342 (-25.2%), from €263,311 to €196,969
of which Financial debts: -€66,794
- Profit (loss) carried forward +€21,775
up €21,775 (+55.9%), from €38,949 to €60,724
- Other debts -€11,290
down €11,290 (-10.2%), from €110,717 to €99,427
- Trade debts -€10,784
down €10,784 (-61.5%), from €17,522 to €6,737
- Financial charges -€25,301
down €25,301 (-51.2%), from €49,435 to €24,134
- Gross operating margin +€10,097
up €10,097 (+14.8%), from €68,086 to €78,183
- Other operating charges +€3,774
up €3,774 (+128%), from €2,954 to €6,728
- Taxes +€1,501
up €1,501 (+29.2%), from €5,144 to €6,645
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.
Derived cash bridge
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 | €493,647 | €426,490 | -€67,157 | -13.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €444,784 | €372,967 | -€71,817 | -16.1% |
| Tangible fixed assets | 22/27 | €444,784 | €372,967 | -€71,817 | -16.1% |
| Land and buildings | 22 | €429,970 | €363,859 | -€66,111 | -15.4% |
| Furniture and vehicles | 24 | €21 | €0 | -€21 | -100% |
| Leasing and similar rights | 25 | €9,207 | €4,084 | -€5,123 | -55.6% |
| Other tangible fixed assets | 26 | €5,586 | €5,024 | -€562 | -10.1% |
| Current assets | 29/58 | €48,864 | €53,523 | +€4,660 | +9.5% |
| Amounts receivable within one year | 40/41 | €39,477 | €28,964 | -€10,513 | -26.6% |
| Trade receivables | 40 | €34,306 | €24,688 | -€9,618 | -28.0% |
| Other amounts receivable | 41 | €5,171 | €4,276 | -€895 | -17.3% |
| Cash at bank and in hand | 54/58 | €6,650 | €23,830 | +€17,180 | +258% |
| Deferred charges and accrued income | 490/1 | €2,737 | €729 | -€2,008 | -73.3% |
| Total equity and liabilities | 10/49 | €493,647 | €426,490 | -€67,157 | -13.6% |
| Equity | 10/15 | €57,591 | €79,366 | +€21,775 | +37.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | - | -€1 | |
| Issued capital | 100 | €1 | - | -€1 | |
| Reserves | 13 | €18,641 | €18,641 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,615 | €6,615 | = | 0.0% |
| Legal reserve | 130 | €6,615 | - | -€6,615 | |
| Reserves not available under the articles | 1311 | - | €6,615 | +€6,615 | |
| Distributable reserves | 133 | €12,026 | €12,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,949 | €60,724 | +€21,775 | +55.9% |
| Amounts payable | 17/49 | €436,056 | €347,124 | -€88,932 | -20.4% |
| Amounts payable after more than one year | 17 | €263,311 | €196,969 | -€66,342 | -25.2% |
| Financial debts | 170/4 | €263,311 | €196,517 | -€66,794 | -25.4% |
| Other amounts payable | 178/9 | - | €452 | +€452 | |
| Amounts payable within one year | 42/48 | €172,746 | €150,050 | -€22,695 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €28,925 | €28,026 | -€898 | -3.1% |
| Financial debts | 43 | €4,131 | - | -€4,131 | |
| Credit institutions | 430/8 | €4,131 | - | -€4,131 | |
| Trade debts | 44 | €17,522 | €6,737 | -€10,784 | -61.5% |
| Suppliers | 440/4 | €17,522 | €6,737 | -€10,784 | -61.5% |
| Taxes, remuneration and social security | 45 | €11,451 | €15,859 | +€4,408 | +38.5% |
| Taxes | 450/3 | €11,451 | €15,859 | +€4,408 | +38.5% |
| Other amounts payable | 47/48 | €110,717 | €99,427 | -€11,290 | -10.2% |
| Accrued charges and deferred income | 492/3 | - | €105 | +€105 | |
| Non-recurring operating income | 76A | - | €3,826 | +€3,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,636 | €18,902 | +€266 | +1.4% |
| Other operating charges | 640/8 | €2,954 | €6,728 | +€3,774 | +128% |
| Gross operating margin | 9900 | €68,086 | €78,183 | +€10,097 | +14.8% |
| Operating profit (loss) | 9901 | €46,496 | €52,553 | +€6,058 | +13.0% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €49,435 | €24,134 | -€25,301 | -51.2% |
| Recurring financial charges | 65 | €49,435 | €24,134 | -€25,301 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,935 | €28,420 | +€31,355 | |
| Income taxes | 67/77 | €5,144 | €6,645 | +€1,501 | +29.2% |
| Profit (loss) for the period | 9904 | -€8,079 | €21,775 | +€29,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,079 | €21,775 | +€29,854 |
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 17 October 2026 via checked.be.