SHINE BRIGHT MANAGEMENT: 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.
SHINE BRIGHT MANAGEMENT
Largest movements
- Receivables within one year +€3,884
up €3,884 (+118%), from €3,286 to €7,170
of which Other amounts receivable: +€3,085
- Cash +€2,872
up €2,872 (+3.8%), from €74,978 to €77,851
mainly Net result for the year (+€13,046) and Other debts (+€10,525)
- Other debts +€10,525
up €10,525 (+1,805%), from €583 to €11,108
- Tax, wage and social debts -€5,137
down €5,137 (-40.7%), from €12,617 to €7,479
- Gross operating margin -€10,221
down €10,221 (-36.7%), from €27,841 to €17,620
- Depreciation -€3,087
down €3,087 (-83.7%), from €3,686 to €600
- Taxes -€1,658
down €1,658 (-29.6%), from €5,601 to €3,943
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 | €80,097 | €86,296 | +€6,199 | +7.7% |
| Fixed assets | 21/28 | €1,012 | €412 | -€600 | -59.3% |
| Tangible fixed assets | 22/27 | €637 | €37 | -€600 | -94.2% |
| Furniture and vehicles | 24 | €637 | €37 | -€600 | -94.2% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €79,086 | €85,884 | +€6,799 | +8.6% |
| Amounts receivable within one year | 40/41 | €3,286 | €7,170 | +€3,884 | +118% |
| Trade receivables | 40 | €726 | €1,524 | +€798 | +110% |
| Other amounts receivable | 41 | €2,560 | €5,646 | +€3,085 | +121% |
| Cash at bank and in hand | 54/58 | €74,978 | €77,851 | +€2,872 | +3.8% |
| Deferred charges and accrued income | 490/1 | €821 | €864 | +€43 | +5.2% |
| Total equity and liabilities | 10/49 | €80,097 | €86,296 | +€6,199 | +7.7% |
| Equity | 10/15 | €66,405 | €66,451 | +€46 | +0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,405 | €63,405 | = | 0.0% |
| Distributable reserves | 133 | €63,405 | €63,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €46 | +€46 | |
| Amounts payable | 17/49 | €13,692 | €19,845 | +€6,153 | +44.9% |
| Amounts payable within one year | 42/48 | €13,692 | €19,845 | +€6,153 | +44.9% |
| Trade debts | 44 | €493 | €1,258 | +€765 | +155% |
| Suppliers | 440/4 | €493 | €1,258 | +€765 | +155% |
| Taxes, remuneration and social security | 45 | €12,617 | €7,479 | -€5,137 | -40.7% |
| Taxes | 450/3 | €12,617 | €7,479 | -€5,137 | -40.7% |
| Other amounts payable | 47/48 | €583 | €11,108 | +€10,525 | +1,805% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,686 | €600 | -€3,087 | -83.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €27,841 | €17,620 | -€10,221 | -36.7% |
| Operating profit (loss) | 9901 | €24,036 | €16,900 | -€7,136 | -29.7% |
| Financial income | 75/76B | €125 | €384 | +€259 | +208% |
| Recurring financial income | 75 | €125 | €384 | +€259 | +208% |
| Financial charges | 65/66B | €283 | €295 | +€13 | +4.4% |
| Recurring financial charges | 65 | €283 | €295 | +€13 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €23,879 | €16,989 | -€6,890 | -28.9% |
| Income taxes | 67/77 | €5,601 | €3,943 | -€1,658 | -29.6% |
| Profit (loss) for the period | 9904 | €18,278 | €13,046 | -€5,232 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,278 | €13,046 | -€5,232 | -28.6% |
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 1 November 2026 via checked.be.