SUNTRACK: 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.
SUNTRACK
Largest movements
- Cash -€633,593
down €633,593 (-74.5%), from €850,940 to €217,347
mainly Other debts (-€687,599) and Trade debts (-€33,650)
- Tangible fixed assets -€41,425
down €41,425 (-10.8%), from €383,692 to €342,267
of which Land and buildings: -€33,870
- Receivables within one year -€20,375
down €20,375 (-27.9%), from €72,953 to €52,577
of which Trade receivables: -€18,863
- Other debts -€687,599
down €687,599 (-96.9%), from €709,254 to €21,655
- Trade debts -€33,650
down €33,650 (-46.3%), from €72,611 to €38,961
- Reserves +€30,840
up €30,840 (+9.1%), from €340,637 to €371,477
of which Distributable reserves: +€30,840
- Gross operating margin -€50,887
down €50,887 (-18.3%), from €278,741 to €227,854
- Taxes -€31,535
down €31,535 (-66.1%), from €47,700 to €16,166
- Other operating charges -€10,434
down €10,434 (-22.1%), from €47,316 to €36,883
- Depreciation -€9,877
down €9,877 (-19.9%), from €49,693 to €39,816
- Financial charges -€3,508
down €3,508 (-93.9%), from €3,737 to €229
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 | €1,307,584 | €612,191 | -€695,393 | -53.2% |
| Fixed assets | 21/28 | €383,692 | €342,267 | -€41,425 | -10.8% |
| Tangible fixed assets | 22/27 | €383,692 | €342,267 | -€41,425 | -10.8% |
| Land and buildings | 22 | €374,936 | €341,066 | -€33,870 | -9.0% |
| Plant, machinery and equipment | 23 | €667 | €68 | -€599 | -89.7% |
| Furniture and vehicles | 24 | €8,088 | €1,132 | -€6,956 | -86.0% |
| Current assets | 29/58 | €923,892 | €269,924 | -€653,968 | -70.8% |
| Amounts receivable within one year | 40/41 | €72,953 | €52,577 | -€20,375 | -27.9% |
| Trade receivables | 40 | €69,049 | €50,186 | -€18,863 | -27.3% |
| Other amounts receivable | 41 | €3,904 | €2,392 | -€1,512 | -38.7% |
| Cash at bank and in hand | 54/58 | €850,940 | €217,347 | -€633,593 | -74.5% |
| Total equity and liabilities | 10/49 | €1,307,584 | €612,191 | -€695,393 | -53.2% |
| Equity | 10/15 | €456,183 | €487,023 | +€30,840 | +6.8% |
| Contributions | 10/11 | €115,547 | €115,547 | = | 0.0% |
| Capital | 10 | €115,547 | €115,547 | = | 0.0% |
| Issued capital | 100 | €115,547 | €115,547 | = | 0.0% |
| Reserves | 13 | €340,637 | €371,477 | +€30,840 | +9.1% |
| Non-distributable reserves | 130/1 | €12,605 | €12,605 | = | 0.0% |
| Legal reserve | 130 | €12,605 | €12,605 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,689 | €15,689 | = | 0.0% |
| Distributable reserves | 133 | €312,343 | €343,183 | +€30,840 | +9.9% |
| Provisions and deferred taxes | 16 | €26,091 | €26,091 | = | 0.0% |
| Deferred taxes | 168 | €26,091 | €26,091 | = | 0.0% |
| Amounts payable | 17/49 | €825,310 | €99,077 | -€726,233 | -88.0% |
| Amounts payable within one year | 42/48 | €822,864 | €97,497 | -€725,367 | -88.2% |
| Trade debts | 44 | €72,611 | €38,961 | -€33,650 | -46.3% |
| Suppliers | 440/4 | €72,611 | €38,961 | -€33,650 | -46.3% |
| Taxes, remuneration and social security | 45 | €40,999 | €36,881 | -€4,118 | -10.0% |
| Taxes | 450/3 | €25,487 | €20,803 | -€4,684 | -18.4% |
| Remuneration and social security | 454/9 | €15,512 | €16,078 | +€566 | +3.6% |
| Other amounts payable | 47/48 | €709,254 | €21,655 | -€687,599 | -96.9% |
| Accrued charges and deferred income | 492/3 | €2,446 | €1,580 | -€866 | -35.4% |
| Remuneration, social security and pensions | 62 | €105,026 | €105,872 | +€847 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,693 | €39,816 | -€9,877 | -19.9% |
| Other operating charges | 640/8 | €47,316 | €36,883 | -€10,434 | -22.1% |
| Gross operating margin | 9900 | €278,741 | €227,854 | -€50,887 | -18.3% |
| Operating profit (loss) | 9901 | €76,706 | €45,284 | -€31,423 | -41.0% |
| Financial income | 75/76B | - | €1,950 | +€1,950 | |
| Recurring financial income | 75 | - | €1,950 | +€1,950 | |
| Non-recurring financial income | 76B | - | €1,950 | +€1,950 | |
| Financial charges | 65/66B | €3,737 | €229 | -€3,508 | -93.9% |
| Recurring financial charges | 65 | €3,737 | €229 | -€3,508 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €72,970 | €47,005 | -€25,964 | -35.6% |
| Income taxes | 67/77 | €47,700 | €16,166 | -€31,535 | -66.1% |
| Profit (loss) for the period | 9904 | €25,270 | €30,840 | +€5,570 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,270 | €30,840 | +€5,570 | +22.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.