TT-Sunprojects: 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.
TT-Sunprojects
Largest movements
- Receivables within one year +€9,032
up €9,032 (+41.0%), from €22,055 to €31,087
of which Trade receivables: +€5,776
- Cash +€5,712
up €5,712 (+55.3%), from €10,324 to €16,036
mainly Net result for the year (+€9,357) and Debts after one year (+€7,914)
- Tangible fixed assets -€3,241
down €3,241 (-10.7%), from €30,326 to €27,085
of which Furniture and vehicles: -€6,489
- Trade debts -€12,681
down €12,681 (-53.3%), from €23,783 to €11,102
- Reserves +€9,357
up €9,357 (+48.0%), from €19,473 to €28,830
- Debts after one year +€7,914
up €7,914 (+214%), from €3,700 to €11,613
- Current portion of long-term debt +€6,962
up €6,962 (+345%), from €2,015 to €8,977
- Other debts -€4,065
down €4,065 (-100%), from €4,065 to €0
- Gross operating margin -€16,078
down €16,078 (-43.0%), from €37,382 to €21,304
- Taxes -€3,813
down €3,813 (-56.3%), from €6,774 to €2,962
- Depreciation +€3,496
up €3,496 (+98.5%), from €3,548 to €7,044
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,442 | €75,845 | +€11,403 | +17.7% |
| Fixed assets | 21/28 | €31,677 | €28,435 | -€3,241 | -10.2% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -11.5% |
| Tangible fixed assets | 22/27 | €30,326 | €27,085 | -€3,241 | -10.7% |
| Plant, machinery and equipment | 23 | €2,059 | €4,380 | +€2,321 | +113% |
| Furniture and vehicles | 24 | €28,267 | €21,778 | -€6,489 | -23.0% |
| Other tangible fixed assets | 26 | - | €927 | +€927 | |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €32,765 | €47,410 | +€14,644 | +44.7% |
| Amounts receivable within one year | 40/41 | €22,055 | €31,087 | +€9,032 | +41.0% |
| Trade receivables | 40 | €16,892 | €22,669 | +€5,776 | +34.2% |
| Other amounts receivable | 41 | €5,163 | €8,419 | +€3,256 | +63.1% |
| Cash at bank and in hand | 54/58 | €10,324 | €16,036 | +€5,712 | +55.3% |
| Deferred charges and accrued income | 490/1 | €386 | €286 | -€100 | -25.8% |
| Total equity and liabilities | 10/49 | €64,442 | €75,845 | +€11,403 | +17.7% |
| Equity | 10/15 | €22,973 | €32,330 | +€9,357 | +40.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €19,473 | €28,830 | +€9,357 | +48.0% |
| Distributable reserves | 133 | €19,473 | €28,830 | +€9,357 | +48.0% |
| Amounts payable | 17/49 | €41,469 | €43,515 | +€2,046 | +4.9% |
| Amounts payable after more than one year | 17 | €3,700 | €11,613 | +€7,914 | +214% |
| Financial debts | 170/4 | €3,700 | €11,613 | +€7,914 | +214% |
| Amounts payable within one year | 42/48 | €37,769 | €31,902 | -€5,867 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €2,015 | €8,977 | +€6,962 | +345% |
| Trade debts | 44 | €23,783 | €11,102 | -€12,681 | -53.3% |
| Suppliers | 440/4 | €23,783 | €11,102 | -€12,681 | -53.3% |
| Taxes, remuneration and social security | 45 | €7,905 | €11,823 | +€3,918 | +49.6% |
| Taxes | 450/3 | €7,905 | €10,305 | +€2,400 | +30.4% |
| Remuneration and social security | 454/9 | - | €1,517 | +€1,517 | |
| Other amounts payable | 47/48 | €4,065 | €0 | -€4,065 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,548 | €7,044 | +€3,496 | +98.5% |
| Other operating charges | 640/8 | €538 | €603 | +€66 | +12.2% |
| Non-recurring operating charges | 66A | €5,871 | €0 | -€5,871 | -100% |
| Gross operating margin | 9900 | €37,382 | €21,304 | -€16,078 | -43.0% |
| Operating profit (loss) | 9901 | €27,425 | €13,656 | -€13,769 | -50.2% |
| Financial income | 75/76B | €37 | €31 | -€6 | -15.4% |
| Recurring financial income | 75 | €37 | €31 | -€6 | -15.4% |
| Financial charges | 65/66B | €1,214 | €1,369 | +€154 | +12.7% |
| Recurring financial charges | 65 | €1,214 | €1,369 | +€154 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €26,248 | €12,319 | -€13,929 | -53.1% |
| Income taxes | 67/77 | €6,774 | €2,962 | -€3,813 | -56.3% |
| Profit (loss) for the period | 9904 | €19,473 | €9,357 | -€10,116 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,473 | €9,357 | -€10,116 | -52.0% |
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 17 October 2026 via checked.be.