Shine IT: 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
Shine IT
NACE 62.900, Other information technology and computer services
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€494,320
2025 · €51,942+€442,377
Equity
€18,600
2025 · €18,600
Cash
€50,825
2025 · €51,976-€1,151
Balance sheet total
€486,965
2025 · €138,332+€348,633
Largest movements
Assets
- Current investments +€375,922
new in 2026: €375,922
- Financial fixed assets -€22,304
down €22,304 (-100.0%), from €22,304 to €0
Equity and liabilities
- Other debts +€350,407
up €350,407 (+319.3%), from €109,759 to €460,166
Income statement
- Financial income +€433,024
up €433,024 (+425827.7%), from €102 to €433,126
- Gross operating margin +€18,891
up €18,891 (+22.6%), from €83,749 to €102,640
- Taxes +€7,226
up €7,226 (+35.9%), from €20,148 to €27,374
- Depreciation +€1,475
up €1,475 (+15.8%), from €9,346 to €10,822
From the 2025 result to the 2026 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 2025
€51,942
Gross operating margin
+€18,891
Depreciation
-€1,475
Other operating charges
-€635
Financial income
+€433,024
Financial charges
-€202
Taxes
-€7,226
Result 2026
€494,320
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€857,280
Investment
-€364,112
Financing
-€494,320
Cash 2025
€51,976
From operations (derived)
+€857,280
Net result for the year
+€494,320
Depreciation
+€10,822
Smaller working-capital items
+€619
Receivables within one year
+€3,713
Trade debts
-€2,600
Other debts
+€350,407
Investment (derived)
-€364,112
Investment in fixed assets (net)
+€11,810
Current investments
-€375,922
Financing
-€494,320
Contributions, distributions and other
-€494,320
Cash 2026
€50,825
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,332 | €486,965 | +€348,633 | +252.0% |
| Fixed assets | 21/28 | €52,839 | €30,208 | -€22,631 | -42.8% |
| Tangible fixed assets | 22/27 | €30,535 | €30,208 | -€327 | -1.1% |
| Plant, machinery and equipment | 23 | €398 | €133 | -€265 | -66.6% |
| Furniture and vehicles | 24 | €3,118 | €1,008 | -€2,109 | -67.7% |
| Other tangible fixed assets | 26 | €27,020 | €29,067 | +€2,047 | +7.6% |
| Financial fixed assets | 28 | €22,304 | €0 | -€22,304 | -100.0% |
| Current assets | 29/58 | €85,493 | €456,757 | +€371,264 | +434.3% |
| Amounts receivable after more than one year | 29 | €5,122 | €5,224 | +€102 | +2.0% |
| Other amounts receivable | 291 | €5,122 | €5,224 | +€102 | +2.0% |
| Amounts receivable within one year | 40/41 | €21,993 | €18,279 | -€3,713 | -16.9% |
| Trade receivables | 40 | €21,259 | €18,279 | -€2,979 | -14.0% |
| Other amounts receivable | 41 | €734 | €0 | -€734 | -100.0% |
| Current investments | 50/53 | - | €375,922 | +€375,922 | |
| Cash at bank and in hand | 54/58 | €51,976 | €50,825 | -€1,151 | -2.2% |
| Deferred charges and accrued income | 490/1 | €6,403 | €6,508 | +€105 | +1.6% |
| Total equity and liabilities | 10/49 | €138,332 | €486,965 | +€348,633 | +252.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,732 | €468,365 | +€348,633 | +291.2% |
| Amounts payable within one year | 42/48 | €119,732 | €468,268 | +€348,535 | +291.1% |
| Trade debts | 44 | €5,286 | €2,686 | -€2,600 | -49.2% |
| Suppliers | 440/4 | €5,286 | €2,686 | -€2,600 | -49.2% |
| Taxes, remuneration and social security | 45 | €4,688 | €5,416 | +€728 | +15.5% |
| Taxes | 450/3 | €4,688 | €5,416 | +€728 | +15.5% |
| Other amounts payable | 47/48 | €109,759 | €460,166 | +€350,407 | +319.3% |
| Accrued charges and deferred income | 492/3 | - | €98 | +€98 | |
| Non-recurring operating income | 76A | €4,320 | €0 | -€4,320 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,346 | €10,822 | +€1,475 | +15.8% |
| Other operating charges | 640/8 | €787 | €1,422 | +€635 | +80.7% |
| Gross operating margin | 9900 | €83,749 | €102,640 | +€18,891 | +22.6% |
| Operating profit (loss) | 9901 | €73,616 | €90,397 | +€16,781 | +22.8% |
| Financial income | 75/76B | €102 | €433,126 | +€433,024 | +425827.7% |
| Recurring financial income | 75 | €102 | €433,126 | +€433,024 | +425827.7% |
| Financial charges | 65/66B | €1,627 | €1,829 | +€202 | +12.4% |
| Recurring financial charges | 65 | €1,627 | €1,829 | +€202 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €72,091 | €521,694 | +€449,603 | +623.7% |
| Income taxes | 67/77 | €20,148 | €27,374 | +€7,226 | +35.9% |
| Profit (loss) for the period | 9904 | €51,942 | €494,320 | +€442,377 | +851.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,942 | €494,320 | +€442,377 | +851.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.