SUNSHINE: 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.
SUNSHINE
Largest movements
- Receivables within one year +€52,105
up €52,105 (+23.1%), from €225,921 to €278,025
of which Other amounts receivable: +€47,706
- Advances received +€32,509
up €32,509, from €0 to €32,509
- Trade debts +€20,439
up €20,439 (+102.9%), from €19,869 to €40,309
- Reserves +€5,465
up €5,465 (+4.3%), from €126,708 to €132,173
of which Distributable reserves: +€5,465
- Tax, wage and social debts -€3,141
down €3,141 (-7.8%), from €40,489 to €37,347
of which Remuneration and social security: -€2,265
- Other debts -€2,856
down €2,856 (-15.3%), from €18,626 to €15,770
- Gross operating margin -€16,236
down €16,236 (-61.2%), from €26,512 to €10,276
- Taxes +€5,093
up €5,093 (+84.4%), from €6,031 to €11,125
- Depreciation -€3,914
down €3,914 (-79.4%), from €4,933 to €1,019
- Financial income +€1,720
up €1,720 (+26.3%), from €6,546 to €8,266
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.
Cash bridge derived
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 | €228,126 | €279,509 | +€51,382 | +22.5% |
| Fixed assets | 21/28 | €1,942 | €852 | -€1,091 | -56.1% |
| Tangible fixed assets | 22/27 | €1,902 | €812 | -€1,091 | -57.3% |
| Furniture and vehicles | 24 | €1,902 | €812 | -€1,091 | -57.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €226,184 | €278,657 | +€52,473 | +23.2% |
| Amounts receivable within one year | 40/41 | €225,921 | €278,025 | +€52,105 | +23.1% |
| Trade receivables | 40 | €107,471 | €111,870 | +€4,399 | +4.1% |
| Other amounts receivable | 41 | €118,450 | €166,156 | +€47,706 | +40.3% |
| Cash at bank and in hand | 54/58 | €28 | €632 | +€603 | +2123.9% |
| Deferred charges and accrued income | 490/1 | €235 | €0 | -€235 | -100.0% |
| Total equity and liabilities | 10/49 | €228,126 | €279,509 | +€51,382 | +22.5% |
| Equity | 10/15 | €145,258 | €150,723 | +€5,465 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €126,708 | €132,173 | +€5,465 | +4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,848 | €130,313 | +€5,465 | +4.4% |
| Amounts payable | 17/49 | €82,869 | €128,786 | +€45,917 | +55.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €80,019 | €125,936 | +€45,917 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €1,034 | €0 | -€1,034 | -100.0% |
| Trade debts | 44 | €19,869 | €40,309 | +€20,439 | +102.9% |
| Suppliers | 440/4 | €19,869 | €40,309 | +€20,439 | +102.9% |
| Advances received on contracts in progress | 46 | €0 | €32,509 | +€32,509 | |
| Taxes, remuneration and social security | 45 | €40,489 | €37,347 | -€3,141 | -7.8% |
| Taxes | 450/3 | €38,223 | €37,347 | -€876 | -2.3% |
| Remuneration and social security | 454/9 | €2,265 | €0 | -€2,265 | -100.0% |
| Other amounts payable | 47/48 | €18,626 | €15,770 | -€2,856 | -15.3% |
| Accrued charges and deferred income | 492/3 | €2,850 | €2,850 | = | 0.0% |
| Non-recurring operating income | 76A | €849 | €428 | -€421 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,933 | €1,019 | -€3,914 | -79.4% |
| Other operating charges | 640/8 | €593 | €481 | -€112 | -18.8% |
| Gross operating margin | 9900 | €26,512 | €10,276 | -€16,236 | -61.2% |
| Operating profit (loss) | 9901 | €20,986 | €8,776 | -€12,210 | -58.2% |
| Financial income | 75/76B | €6,546 | €8,266 | +€1,720 | +26.3% |
| Recurring financial income | 75 | €6,546 | €8,266 | +€1,720 | +26.3% |
| Financial charges | 65/66B | €460 | €453 | -€8 | -1.7% |
| Recurring financial charges | 65 | €460 | €453 | -€8 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €27,072 | €16,590 | -€10,482 | -38.7% |
| Income taxes | 67/77 | €6,031 | €11,125 | +€5,093 | +84.4% |
| Profit (loss) for the period | 9904 | €21,040 | €5,465 | -€15,575 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,040 | €5,465 | -€15,575 | -74.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.