SUNSTERS: 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.
SUNSTERS
Largest movements
- Cash -€17,816
down €17,816 (-55.4%), from €32,162 to €14,346
mainly Debts after one year (-€21,461) and Other debts (-€14,889)
- Tangible fixed assets -€16,958
down €16,958 (-6.1%), from €278,790 to €261,832
of which Land and buildings: -€12,525
- Stocks and contracts -€11,679
down €11,679 (-39.9%), from €29,298 to €17,619
- Debts after one year -€21,461
down €21,461 (-11.2%), from €190,804 to €169,342
of which Financial debts: -€21,461
- Other debts -€14,889
down €14,889 (-64.6%), from €23,045 to €8,156
- Profit (loss) carried forward +€12,462
up €12,462 (+56.1%), from €22,233 to €34,695
- Tax, wage and social debts -€9,709
down €9,709 (-79.3%), from €12,239 to €2,531
of which Taxes: -€6,091
- Trade debts -€7,500
down €7,500 (-40.2%), from €18,680 to €11,180
- Gross operating margin -€44,505
down €44,505 (-49.3%), from €90,205 to €45,701
- Depreciation -€14,443
down €14,443 (-46.0%), from €31,401 to €16,958
- Financial charges -€3,961
down €3,961 (-29.8%), from €13,310 to €9,349
- Staff costs -€1,259
down €1,259 (-20.5%), from €6,134 to €4,875
- Financial income -€1,219
down €1,219 (-99.9%), from €1,220 to €1
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 | €351,766 | €303,545 | -€48,221 | -13.7% |
| Fixed assets | 21/28 | €279,190 | €262,017 | -€17,173 | -6.2% |
| Tangible fixed assets | 22/27 | €278,790 | €261,832 | -€16,958 | -6.1% |
| Land and buildings | 22 | €273,533 | €261,007 | -€12,525 | -4.6% |
| Plant, machinery and equipment | 23 | €888 | €508 | -€380 | -42.8% |
| Furniture and vehicles | 24 | €4,369 | €317 | -€4,053 | -92.8% |
| Financial fixed assets | 28 | €400 | €185 | -€215 | -53.7% |
| Current assets | 29/58 | €72,576 | €41,528 | -€31,048 | -42.8% |
| Stocks and contracts in progress | 3 | €29,298 | €17,619 | -€11,679 | -39.9% |
| Stocks | 30/36 | €29,298 | €17,619 | -€11,679 | -39.9% |
| Amounts receivable within one year | 40/41 | €9,485 | €8,626 | -€858 | -9.0% |
| Trade receivables | 40 | €8,791 | €7,727 | -€1,064 | -12.1% |
| Other amounts receivable | 41 | €694 | €900 | +€206 | +29.6% |
| Cash at bank and in hand | 54/58 | €32,162 | €14,346 | -€17,816 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,631 | €936 | -€695 | -42.6% |
| Total equity and liabilities | 10/49 | €351,766 | €303,545 | -€48,221 | -13.7% |
| Equity | 10/15 | €42,693 | €55,155 | +€12,462 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,233 | €34,695 | +€12,462 | +56.1% |
| Amounts payable | 17/49 | €309,074 | €248,390 | -€60,683 | -19.6% |
| Amounts payable after more than one year | 17 | €190,804 | €169,342 | -€21,461 | -11.2% |
| Financial debts | 170/4 | €170,804 | €149,342 | -€21,461 | -12.6% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €117,464 | €78,328 | -€39,136 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €28,499 | €21,461 | -€7,038 | -24.7% |
| Financial debts | 43 | €35,000 | €35,000 | = | 0.0% |
| Credit institutions | 430/8 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €18,680 | €11,180 | -€7,500 | -40.2% |
| Suppliers | 440/4 | €18,680 | €11,180 | -€7,500 | -40.2% |
| Taxes, remuneration and social security | 45 | €12,239 | €2,531 | -€9,709 | -79.3% |
| Taxes | 450/3 | €8,382 | €2,292 | -€6,091 | -72.7% |
| Remuneration and social security | 454/9 | €3,857 | €239 | -€3,618 | -93.8% |
| Other amounts payable | 47/48 | €23,045 | €8,156 | -€14,889 | -64.6% |
| Accrued charges and deferred income | 492/3 | €806 | €720 | -€86 | -10.7% |
| Remuneration, social security and pensions | 62 | €6,134 | €4,875 | -€1,259 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,401 | €16,958 | -€14,443 | -46.0% |
| Other operating charges | 640/8 | €2,110 | €1,798 | -€313 | -14.8% |
| Gross operating margin | 9900 | €90,205 | €45,701 | -€44,505 | -49.3% |
| Operating profit (loss) | 9901 | €50,560 | €22,070 | -€28,490 | -56.3% |
| Financial income | 75/76B | €1,220 | €1 | -€1,219 | -99.9% |
| Recurring financial income | 75 | €1,220 | €1 | -€1,219 | -99.9% |
| Financial charges | 65/66B | €13,310 | €9,349 | -€3,961 | -29.8% |
| Recurring financial charges | 65 | €13,310 | €9,349 | -€3,961 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €38,470 | €12,722 | -€25,747 | -66.9% |
| Income taxes | 67/77 | €370 | €260 | -€110 | -29.8% |
| Profit (loss) for the period | 9904 | €38,100 | €12,462 | -€25,637 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,100 | €12,462 | -€25,637 | -67.3% |
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.