IMMO SHINE: 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.
IMMO SHINE
Largest movements
- Receivables within one year +€20,763
up €20,763 (+32.9%), from €63,101 to €83,864
of which Trade receivables: +€14,808
- Tangible fixed assets -€6,883
down €6,883 (-15.8%), from €43,550 to €36,667
of which Furniture and vehicles: -€3,550
- Cash +€1,530
up €1,530 (+26.2%), from €5,839 to €7,369
mainly Trade debts (+€9,560) and Net result for the year (+€9,389)
- Trade debts +€9,560
up €9,560 (+39.7%), from €24,096 to €33,656
- Profit (loss) carried forward +€9,388
up €9,388 (+30.1%), from €31,229 to €40,617
- Debts after one year -€3,918
down €3,918 (-15.2%), from €25,719 to €21,801
- Gross operating margin -€38,499
down €38,499 (-63.4%), from €60,699 to €22,200
- Write-downs -€10,680
no longer reported in 2024 (was €10,680)
- Taxes -€8,636
down €8,636 (-69.1%), from €12,500 to €3,864
- Other operating charges -€2,318
down €2,318 (-70.6%), from €3,284 to €966
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,490 | €127,899 | +€15,409 | +13.7% |
| Fixed assets | 21/28 | €43,550 | €36,667 | -€6,883 | -15.8% |
| Tangible fixed assets | 22/27 | €43,550 | €36,667 | -€6,883 | -15.8% |
| Land and buildings | 22 | €40,000 | €36,667 | -€3,333 | -8.3% |
| Furniture and vehicles | 24 | €3,550 | - | -€3,550 | |
| Current assets | 29/58 | €68,940 | €91,232 | +€22,292 | +32.3% |
| Amounts receivable within one year | 40/41 | €63,101 | €83,864 | +€20,763 | +32.9% |
| Trade receivables | 40 | €43,977 | €58,785 | +€14,808 | +33.7% |
| Other amounts receivable | 41 | €19,124 | €25,079 | +€5,955 | +31.1% |
| Cash at bank and in hand | 54/58 | €5,839 | €7,369 | +€1,530 | +26.2% |
| Total equity and liabilities | 10/49 | €112,490 | €127,899 | +€15,409 | +13.7% |
| Equity | 10/15 | €44,229 | €53,617 | +€9,388 | +21.2% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,229 | €40,617 | +€9,388 | +30.1% |
| Amounts payable | 17/49 | €68,261 | €74,282 | +€6,021 | +8.8% |
| Amounts payable after more than one year | 17 | €25,719 | €21,801 | -€3,918 | -15.2% |
| Financial debts | 170/4 | €25,719 | €21,801 | -€3,918 | -15.2% |
| Amounts payable within one year | 42/48 | €42,542 | €52,480 | +€9,938 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €4,116 | €3,918 | -€198 | -4.8% |
| Financial debts | 43 | €40 | - | -€40 | |
| Credit institutions | 430/8 | €40 | - | -€40 | |
| Trade debts | 44 | €24,096 | €33,656 | +€9,560 | +39.7% |
| Suppliers | 440/4 | €24,096 | €33,656 | +€9,560 | +39.7% |
| Taxes, remuneration and social security | 45 | €14,290 | €14,906 | +€616 | +4.3% |
| Taxes | 450/3 | €14,290 | €14,906 | +€616 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,883 | €6,883 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,680 | - | -€10,680 | |
| Other operating charges | 640/8 | €3,284 | €966 | -€2,318 | -70.6% |
| Gross operating margin | 9900 | €60,699 | €22,200 | -€38,499 | -63.4% |
| Operating profit (loss) | 9901 | €39,852 | €14,351 | -€25,501 | -64.0% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €677 | €1,128 | +€451 | +66.7% |
| Recurring financial charges | 65 | €677 | €1,128 | +€451 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €39,175 | €13,253 | -€25,922 | -66.2% |
| Income taxes | 67/77 | €12,500 | €3,864 | -€8,636 | -69.1% |
| Profit (loss) for the period | 9904 | €26,675 | €9,389 | -€17,287 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,675 | €9,389 | -€17,287 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.