SunUnited: 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.
SunUnited
Largest movements
- Tangible fixed assets -€322,080
down €322,080 (-18.1%), from €1.8m to €1.5m
of which Plant, machinery and equipment: -€266,207
- Cash +€40,349
up €40,349 (+217.6%), from €18,546 to €58,895
mainly Depreciation (+€272,347) and Investment in fixed assets (net) (+€49,734)
- Debts after one year -€196,918
down €196,918 (-38.2%), from €516,000 to €319,082
- Accrued charges and deferred income -€97,075
down €97,075 (-20.7%), from €469,908 to €372,833
- Tax, wage and social debts +€23,230
up €23,230 (+290.3%), from €8,003 to €31,232
- Gross operating margin -€31,635
down €31,635 (-8.2%), from €383,505 to €351,871
- Taxes -€16,884
down €16,884 (-100.0%), from €16,884 to €0
- Depreciation -€7,229
down €7,229 (-2.6%), from €279,576 to €272,347
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 | €1,907,626 | €1,618,190 | -€289,436 | -15.2% |
| Fixed assets | 21/28 | €1,775,539 | €1,453,459 | -€322,080 | -18.1% |
| Tangible fixed assets | 22/27 | €1,775,539 | €1,453,459 | -€322,080 | -18.1% |
| Land and buildings | 22 | €353,561 | €297,689 | -€55,873 | -15.8% |
| Plant, machinery and equipment | 23 | €1,421,978 | €1,155,770 | -€266,207 | -18.7% |
| Current assets | 29/58 | €132,087 | €164,731 | +€32,644 | +24.7% |
| Amounts receivable within one year | 40/41 | €106,082 | €98,993 | -€7,088 | -6.7% |
| Trade receivables | 40 | €106,082 | €68,993 | -€37,088 | -35.0% |
| Other amounts receivable | 41 | €0 | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €18,546 | €58,895 | +€40,349 | +217.6% |
| Deferred charges and accrued income | 490/1 | €7,459 | €6,843 | -€616 | -8.3% |
| Total equity and liabilities | 10/49 | €1,907,626 | €1,618,190 | -€289,436 | -15.2% |
| Equity | 10/15 | €899,843 | €893,914 | -€5,929 | -0.7% |
| Contributions | 10/11 | €836,200 | €836,200 | = | 0.0% |
| Reserves | 13 | €63,643 | €57,714 | -€5,929 | -9.3% |
| Distributable reserves | 133 | €63,643 | €57,714 | -€5,929 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,007,783 | €724,276 | -€283,507 | -28.1% |
| Amounts payable after more than one year | 17 | €516,000 | €319,082 | -€196,918 | -38.2% |
| Financial debts | 170/4 | €516,000 | €319,082 | -€196,918 | -38.2% |
| Amounts payable within one year | 42/48 | €21,875 | €32,360 | +€10,485 | +47.9% |
| Trade debts | 44 | €7,852 | €1,128 | -€6,725 | -85.6% |
| Suppliers | 440/4 | €7,852 | €1,128 | -€6,725 | -85.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,003 | €31,232 | +€23,230 | +290.3% |
| Taxes | 450/3 | €8,003 | €31,232 | +€23,230 | +290.3% |
| Other amounts payable | 47/48 | €6,020 | €0 | -€6,020 | -100.0% |
| Accrued charges and deferred income | 492/3 | €469,908 | €372,833 | -€97,075 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,576 | €272,347 | -€7,229 | -2.6% |
| Other operating charges | 640/8 | €1,246 | €1,193 | -€52 | -4.2% |
| Non-recurring operating charges | 66A | - | €49,734 | +€49,734 | |
| Gross operating margin | 9900 | €383,505 | €351,871 | -€31,635 | -8.2% |
| Operating profit (loss) | 9901 | €102,684 | €28,597 | -€74,087 | -72.2% |
| Financial income | 75/76B | €0 | €118 | +€118 | +47108.0% |
| Recurring financial income | 75 | €0 | €118 | +€118 | +47108.0% |
| Financial charges | 65/66B | €37,787 | €34,644 | -€3,143 | -8.3% |
| Recurring financial charges | 65 | €37,787 | €34,644 | -€3,143 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €64,897 | -€5,929 | -€70,826 | |
| Income taxes | 67/77 | €16,884 | €0 | -€16,884 | -100.0% |
| Profit (loss) for the period | 9904 | €48,013 | -€5,929 | -€53,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,013 | -€5,929 | -€53,941 |
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.