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SUNYATA: 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.

What changed

SUNYATA

BE 0458.396.660
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€55,097
2024 · -€187,596+€132,499
Equity
-€82,205
2024 · -€27,109-€55,097
Cash
€1,690
2024 · €155+€1,535
Balance sheet total
€2.5m
2024 · €2.5m-€67,848

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€126,432

    down €126,432 (-6.3%), from €2.0m to €1.9m

    of which Land and buildings: -€126,389

  • Receivables within one year +€57,437

    up €57,437 (+377.5%), from €15,214 to €72,651

    of which Other amounts receivable: +€71,151

Equity and liabilities
  • Debts after one year +€169,635

    up €169,635 (+7.9%), from €2.1m to €2.3m

    of which Financial debts: +€779,049

  • Tax, wage and social debts -€130,270

    no longer reported in 2025 (was €130,270)

  • Trade debts -€104,300

    down €104,300 (-64.8%), from €160,982 to €56,682

  • Other debts +€92,552

    up €92,552 (+882.9%), from €10,483 to €103,035

  • Profit (loss) carried forward -€55,097

    down €55,097 (-21.1%), from -€260,802 to -€315,899

Income statement
  • Gross operating margin +€87,617

    up €87,617, from -€19,311 to €68,307

  • Taxes -€26,182

    no longer reported in 2025 (was €26,182)

  • Financial charges -€13,002

    down €13,002 (-23.7%), from €54,888 to €41,887

  • Provisions -€4,276

    no longer reported in 2025 (was €4,276)

  • Other operating charges -€2,816

    down €2,816 (-7.7%), from €36,779 to €33,963

From the 2024 result to the 2025 result

effect on the 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 -€187,596
Gross operating margin +€87,617
Depreciation -€1,529
Provisions +€4,276
Other operating charges +€2,816
Financial income +€1,103
Financial charges +€13,002
Taxes +€26,182
Deferred taxes and other -€967
Result 2025 -€55,097

Cash bridge derived

cash 2024 to 2025

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 -€215,726
Investment +€77,768
Financing +€139,493
Cash 2024 €155
Net result for the year -€55,097
Depreciation +€48,664
Receivables within one year -€57,437
Deferred charges and accrued income +€387
Trade debts -€104,300
Tax, wage and social debts -€130,270
Other debts +€92,552
Accrued charges and deferred income -€10,225
Investment in fixed assets (net) +€77,768
Debts after one year +€169,635
Current portion of long-term debt -€15,389
Short-term financial debts -€14,753
Cash 2025 €1,690
Every line side by side 56 lines
Line Code 2024 2025 Change %
Total assets 20/58 €2,541,163 €2,473,315 -€67,848 -2.7%
Fixed assets 21/28 €2,519,252 €2,392,820 -€126,432 -5.0%
Tangible fixed assets 22/27 €2,012,608 €1,886,176 -€126,432 -6.3%
Land and buildings 22 €2,011,233 €1,884,844 -€126,389 -6.3%
Assets under construction and advance payments 27 €1,375 €1,332 -€43 -3.1%
Financial fixed assets 28 €506,644 €506,644 = 0.0%
Current assets 29/58 €21,911 €80,495 +€58,584 +267.4%
Amounts receivable after more than one year 29 €5,933 €5,933 = 0.0%
Trade receivables 290 €5,933 €5,933 = 0.0%
Amounts receivable within one year 40/41 €15,214 €72,651 +€57,437 +377.5%
Trade receivables 40 €13,714 - -€13,714
Other amounts receivable 41 €1,500 €72,651 +€71,151 +4743.4%
Cash at bank and in hand 54/58 €155 €1,690 +€1,535 +987.4%
Deferred charges and accrued income 490/1 €608 €221 -€387 -63.6%
Total equity and liabilities 10/49 €2,541,163 €2,473,315 -€67,848 -2.7%
Equity 10/15 -€27,109 -€82,205 -€55,097 -203.2%
Contributions 10/11 €61,973 €61,973 = 0.0%
Capital 10 €61,973 €61,973 = 0.0%
Issued capital 100 €61,973 €61,973 = 0.0%
Reserves 13 €171,720 €171,720 = 0.0%
Non-distributable reserves 130/1 €6,197 €6,197 = 0.0%
Legal reserve 130 €6,197 €6,197 = 0.0%
Tax-exempt reserves 132 €56,334 €56,334 = 0.0%
Distributable reserves 133 €109,189 €109,189 = 0.0%
Profit (loss) carried forward 14 -€260,802 -€315,899 -€55,097 -21.1%
Provisions and deferred taxes 16 €29,020 €29,020 = 0.0%
Deferred taxes 168 €29,020 €29,020 = 0.0%
Amounts payable 17/49 €2,539,251 €2,526,500 -€12,751 -0.5%
Amounts payable after more than one year 17 €2,149,078 €2,318,713 +€169,635 +7.9%
Financial debts 170/4 €1,154,371 €1,933,420 +€779,049 +67.5%
Other amounts payable 178/9 €994,707 €385,293 -€609,415 -61.3%
Amounts payable within one year 42/48 €379,948 €207,787 -€172,160 -45.3%
Current portion of amounts payable after more than one year 42 €63,459 €48,070 -€15,389 -24.2%
Financial debts 43 €14,753 - -€14,753
Credit institutions 430/8 €14,753 - -€14,753
Trade debts 44 €160,982 €56,682 -€104,300 -64.8%
Suppliers 440/4 €160,982 €56,682 -€104,300 -64.8%
Taxes, remuneration and social security 45 €130,270 - -€130,270
Taxes 450/3 €130,270 - -€130,270
Other amounts payable 47/48 €10,483 €103,035 +€92,552 +882.9%
Accrued charges and deferred income 492/3 €10,225 - -€10,225
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €47,135 €48,664 +€1,529 +3.2%
Provisions for liabilities and charges: additions (uses and reversals) 635/8 €4,276 - -€4,276
Other operating charges 640/8 €36,779 €33,963 -€2,816 -7.7%
Gross operating margin 9900 -€19,311 €68,307 +€87,617
Operating profit (loss) 9901 -€107,500 -€14,321 +€93,179 +86.7%
Financial income 75/76B €8 €1,110 +€1,103 +14510.9%
Recurring financial income 75 €8 €1,110 +€1,103 +14510.9%
Financial charges 65/66B €54,888 €41,887 -€13,002 -23.7%
Recurring financial charges 65 €54,888 €41,887 -€13,002 -23.7%
Profit (loss) for the period before taxes 9903 -€162,381 -€55,097 +€107,284 +66.1%
Transfer from deferred taxes 780 €967 - -€967
Income taxes 67/77 €26,182 - -€26,182
Profit (loss) for the period 9904 -€187,596 -€55,097 +€132,499 +70.6%
Transfer from tax-exempt reserves 789 €1,878 - -€1,878
Profit (loss) for the period to be appropriated 9905 -€185,719 -€55,097 +€130,622 +70.3%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.