SUNSHIELD Belux: 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.
SUNSHIELD Belux
Largest movements
- Receivables within one year +€70,326
new in 2025: €70,326
of which Trade receivables: +€70,240
- Cash -€3,291
down €3,291 (-68.6%), from €4,800 to €1,509
mainly Receivables within one year (-€70,326) and Trade debts (-€2,640)
- Formation expenses -€2,170
down €2,170 (-100.0%), from €2,170 to €0
- Tangible fixed assets +€1,975
new in 2025: €1,975
- Other debts +€63,000
new in 2025: €63,000
- Tax, wage and social debts +€5,083
new in 2025: €5,083
of which Remuneration and social security: +€2,786
- Accrued charges and deferred income +€3,434
new in 2025: €3,434
- Trade debts -€2,640
down €2,640 (-100.0%), from €2,640 to €0
- Profit (loss) carried forward -€1,860
down €1,860 (-395.7%), from -€470 to -€2,331
- Gross operating margin +€42,381
new in 2025: €42,381
- Staff costs +€39,498
new in 2025: €39,498
- Depreciation +€2,411
up €2,411 (+2910.6%), from €83 to €2,493
- Financial charges +€2,124
new in 2025: €2,124
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.
Cash bridge derived
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 | €6,970 | €73,986 | +€67,016 | +961.5% |
| Formation expenses | 20 | €2,170 | €0 | -€2,170 | -100.0% |
| Fixed assets | 21/28 | - | €2,152 | +€2,152 | |
| Tangible fixed assets | 22/27 | - | €1,975 | +€1,975 | |
| Furniture and vehicles | 24 | - | €1,975 | +€1,975 | |
| Financial fixed assets | 28 | - | €177 | +€177 | |
| Current assets | 29/58 | €4,800 | €71,834 | +€67,034 | +1396.5% |
| Amounts receivable within one year | 40/41 | - | €70,326 | +€70,326 | |
| Trade receivables | 40 | - | €70,240 | +€70,240 | |
| Other amounts receivable | 41 | - | €86 | +€86 | |
| Cash at bank and in hand | 54/58 | €4,800 | €1,509 | -€3,291 | -68.6% |
| Total equity and liabilities | 10/49 | €6,970 | €73,986 | +€67,016 | +961.5% |
| Equity | 10/15 | €4,330 | €2,469 | -€1,860 | -43.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€470 | -€2,331 | -€1,860 | -395.7% |
| Amounts payable | 17/49 | €2,640 | €71,517 | +€68,876 | +2608.6% |
| Amounts payable within one year | 42/48 | €2,640 | €68,083 | +€65,442 | +2478.6% |
| Trade debts | 44 | €2,640 | €0 | -€2,640 | -100.0% |
| Suppliers | 440/4 | €2,640 | €0 | -€2,640 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €5,083 | +€5,083 | |
| Taxes | 450/3 | - | €2,296 | +€2,296 | |
| Remuneration and social security | 454/9 | - | €2,786 | +€2,786 | |
| Other amounts payable | 47/48 | - | €63,000 | +€63,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,434 | +€3,434 | |
| Remuneration, social security and pensions | 62 | - | €39,498 | +€39,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83 | €2,493 | +€2,411 | +2910.6% |
| Other operating charges | 640/8 | €387 | €127 | -€261 | -67.3% |
| Gross operating margin | 9900 | - | €42,381 | +€42,381 | |
| Operating profit (loss) | 9901 | -€470 | €263 | +€734 | |
| Financial charges | 65/66B | - | €2,124 | +€2,124 | |
| Recurring financial charges | 65 | - | €2,124 | +€2,124 | |
| Profit (loss) for the period before taxes | 9903 | -€470 | -€1,860 | -€1,390 | -295.7% |
| Profit (loss) for the period | 9904 | -€470 | -€1,860 | -€1,390 | -295.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€470 | -€1,860 | -€1,390 | -295.7% |
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 8 October 2026 via checked.be.