SUNTRONICS: 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.
What changed
SUNTRONICS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€562,109
2024 · €379,240+€182,869
Equity
€8.5m
2024 · €8.4m+€62,109
Cash
€178,267
2024 · €96,541+€81,726
Balance sheet total
€22.5m
2024 · €21.3m+€1.2m
Largest movements
Assets
- Receivables after one year +€2.0m
new in 2025: €2.0m
- Receivables within one year -€2.0m
down €2.0m (-88.9%), from €2.2m to €244,817
of which Other amounts receivable: -€2.0m
- Tangible fixed assets +€712,121
up €712,121 (+13.0%), from €5.5m to €6.2m
of which Land and buildings: +€736,006
- Current investments +€400,000
up €400,000 (+53.3%), from €750,000 to €1.2m
Equity and liabilities
- Accrued charges and deferred income +€487,655
up €487,655 (+7,709%), from €6,326 to €493,981
- Debts after one year +€427,122
up €427,122 (+3.8%), from €11.3m to €11.7m
Income statement
- Turnover -€691,356
down €691,356 (-26.1%), from €2.6m to €2.0m
- Financial income +€531,475
up €531,475 (+414%), from €128,336 to €659,812
- Services and other goods -€530,686
down €530,686 (-37.4%), from €1.4m to €888,470
- Staff costs +€97,298
up €97,298 (+30.8%), from €315,654 to €412,951
- Financial charges +€94,555
up €94,555 (+17.2%), from €548,167 to €642,722
of which Financial charges: +€94,907
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.
Result 2024
€379,240
Turnover
-€691,356
Other operating income
+€57,535
Goods and materials
-€4,583
Services and other goods
+€530,686
Staff costs
-€97,298
Depreciation
-€33,124
Other operating charges
-€16,212
Other operating items
+€522
Financial income
+€531,475
Financial charges
-€94,555
Taxes
-€222
Result 2025
€562,109
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.5m
Financing
-€23,086
Cash 2024
€96,541
From operations (derived)
+€1.6m
Net result for the year
+€562,109
Depreciation
+€375,606
Receivables after one year
-€2.0m
Receivables within one year
+€2.0m
Deferred charges and accrued income
+€14,798
Trade debts
+€32,691
Tax, wage and social debts
-€81,664
Other debts
+€217,825
Accrued charges and deferred income
+€487,655
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.1m
Current investments
-€400,000
Financing
-€23,086
Debts after one year
+€427,122
Current portion of long-term debt
+€49,792
Contributions, distributions and other
-€500,000
Cash 2025
€178,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,319,449 | €22,514,980 | +€1.2m | +5.6% |
| Fixed assets | 21/28 | €18,204,675 | €18,928,248 | +€723,574 | +4.0% |
| Intangible fixed assets | 21 | €118,959 | €125,121 | +€6,163 | +5.2% |
| Tangible fixed assets | 22/27 | €5,475,796 | €6,187,917 | +€712,121 | +13.0% |
| Land and buildings | 22 | €5,284,864 | €6,020,870 | +€736,006 | +13.9% |
| Plant, machinery and equipment | 23 | €40,675 | €35,193 | -€5,482 | -13.5% |
| Furniture and vehicles | 24 | €150,257 | €131,854 | -€18,403 | -12.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €12,609,920 | €12,615,210 | +€5,290 | 0.0% |
| Affiliated companies | 280/1 | €12,549,920 | €12,549,920 | = | 0.0% |
| Participating interests | 280 | €12,549,920 | €12,549,920 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €60,000 | €60,000 | = | 0.0% |
| Participating interests | 282 | €60,000 | €60,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €0 | €5,290 | +€5,290 | |
| Amounts receivable and cash guarantees | 285/8 | €0 | €5,290 | +€5,290 | |
| Current assets | 29/58 | €3,114,775 | €3,586,731 | +€471,956 | +15.2% |
| Amounts receivable after more than one year | 29 | - | €1,975,028 | +€2.0m | |
| Other amounts receivable | 291 | - | €1,975,028 | +€2.0m | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,214,817 | €244,817 | -€2.0m | -88.9% |
| Trade receivables | 40 | €43,666 | €32,853 | -€10,813 | -24.8% |
| Other amounts receivable | 41 | €2,171,151 | €211,964 | -€2.0m | -90.2% |
| Current investments | 50/53 | €750,000 | €1,150,000 | +€400,000 | +53.3% |
| Other investments | 51/53 | €750,000 | €1,150,000 | +€400,000 | +53.3% |
| Cash at bank and in hand | 54/58 | €96,541 | €178,267 | +€81,726 | +84.7% |
| Deferred charges and accrued income | 490/1 | €53,417 | €38,619 | -€14,798 | -27.7% |
| Total equity and liabilities | 10/49 | €21,319,449 | €22,514,980 | +€1.2m | +5.6% |
| Equity | 10/15 | €8,388,489 | €8,450,598 | +€62,109 | +0.7% |
| Contributions | 10/11 | €2,797,244 | €2,797,244 | = | 0.0% |
| Reserves | 13 | €5,591,245 | €5,653,355 | +€62,109 | +1.1% |
| Tax-exempt reserves | 132 | €1,278,018 | €1,004,368 | -€273,650 | -21.4% |
| Distributable reserves | 133 | €4,313,227 | €4,648,986 | +€335,759 | +7.8% |
| Amounts payable | 17/49 | €12,930,961 | €14,064,381 | +€1.1m | +8.8% |
| Amounts payable after more than one year | 17 | €11,279,624 | €11,706,746 | +€427,122 | +3.8% |
| Financial debts | 170/4 | €11,279,624 | €11,706,746 | +€427,122 | +3.8% |
| Subordinated loans | 170 | €6,000,000 | €0 | -€6.0m | -100% |
| Credit institutions | 173 | €5,279,624 | €5,206,746 | -€72,879 | -1.4% |
| Other loans | 174 | - | €6,500,000 | +€6.5m | |
| Amounts payable within one year | 42/48 | €1,645,010 | €1,863,655 | +€218,645 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €725,586 | €775,378 | +€49,792 | +6.9% |
| Trade debts | 44 | €86,524 | €119,215 | +€32,691 | +37.8% |
| Suppliers | 440/4 | €86,524 | €119,215 | +€32,691 | +37.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €173,245 | €91,581 | -€81,664 | -47.1% |
| Taxes | 450/3 | €130,659 | €9,530 | -€121,128 | -92.7% |
| Remuneration and social security | 454/9 | €42,587 | €82,051 | +€39,464 | +92.7% |
| Other amounts payable | 47/48 | €659,655 | €877,481 | +€217,825 | +33.0% |
| Accrued charges and deferred income | 492/3 | €6,326 | €493,981 | +€487,655 | +7,709% |
| Operating income | 70/76A | €2,893,961 | €2,260,140 | -€633,821 | -21.9% |
| Turnover | 70 | €2,649,064 | €1,957,708 | -€691,356 | -26.1% |
| Other operating income | 74 | €244,897 | €302,432 | +€57,535 | +23.5% |
| Operating charges | 60/66A | €2,093,997 | €1,714,006 | -€379,991 | -18.1% |
| Goods for resale, raw materials and consumables | 60 | €2,878 | €7,462 | +€4,583 | +159% |
| Purchases | 600/8 | €2,878 | €7,462 | +€4,583 | +159% |
| Services and other goods | 61 | €1,419,156 | €888,470 | -€530,686 | -37.4% |
| Remuneration, social security and pensions | 62 | €315,654 | €412,951 | +€97,298 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342,482 | €375,606 | +€33,124 | +9.7% |
| Other operating charges | 640/8 | €13,305 | €29,518 | +€16,212 | +122% |
| Non-recurring operating charges | 66A | €522 | €0 | -€522 | -100% |
| Operating profit (loss) | 9901 | €799,963 | €546,133 | -€253,830 | -31.7% |
| Financial income | 75/76B | €128,336 | €659,812 | +€531,475 | +414% |
| Recurring financial income | 75 | €128,336 | €659,812 | +€531,475 | +414% |
| Income from financial fixed assets | 750 | €120,064 | €500,000 | +€379,936 | +316% |
| Income from current assets | 751 | €8,273 | €159,790 | +€151,518 | +1,832% |
| Other financial income | 752/9 | €0 | €21 | +€21 | |
| Financial charges | 65/66B | €548,167 | €642,722 | +€94,555 | +17.2% |
| Recurring financial charges | 65 | €547,814 | €642,722 | +€94,907 | +17.3% |
| Debt charges | 650 | €541,206 | €639,563 | +€98,356 | +18.2% |
| Other financial charges | 652/9 | €6,608 | €3,159 | -€3,449 | -52.2% |
| Non-recurring financial charges | 66B | €353 | €0 | -€353 | -100% |
| Profit (loss) for the period before taxes | 9903 | €380,133 | €563,223 | +€183,090 | +48.2% |
| Income taxes | 67/77 | €893 | €1,114 | +€222 | +24.8% |
| Taxes | 670/3 | €893 | €1,114 | +€222 | +24.8% |
| Profit (loss) for the period | 9904 | €379,240 | €562,109 | +€182,869 | +48.2% |
| Transfer from tax-exempt reserves | 789 | €378,900 | €0 | -€378,900 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €758,140 | €562,109 | -€196,031 | -25.9% |
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 20 October 2026 via checked.be.