SUNSHINE BELGIUM: 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.
SUNSHINE BELGIUM
Largest movements
- Tangible fixed assets +€60,348
up €60,348 (+17.1%), from €353,307 to €413,655
of which Other tangible fixed assets: +€74,689
- Cash +€18,041
up €18,041 (+1,738%), from €1,038 to €19,079
mainly Other debts (+€54,348) and Depreciation (+€18,120)
- Receivables within one year -€7,628
down €7,628 (-79.2%), from €9,635 to €2,007
of which Trade receivables: -€9,159
- Other debts +€54,348
up €54,348 (+75.0%), from €72,436 to €126,784
- Reserves +€12,147
up €12,147 (+45.0%), from €26,993 to €39,140
of which Distributable reserves: +€12,147
- Gross operating margin +€8,785
up €8,785 (+36.7%), from €23,953 to €32,738
- Depreciation +€3,273
up €3,273 (+22.0%), from €14,846 to €18,120
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 | €475,485 | €545,813 | +€70,328 | +14.8% |
| Fixed assets | 21/28 | €356,360 | €416,276 | +€59,915 | +16.8% |
| Intangible fixed assets | 21 | €3,028 | €2,596 | -€433 | -14.3% |
| Tangible fixed assets | 22/27 | €353,307 | €413,655 | +€60,348 | +17.1% |
| Land and buildings | 22 | €83,197 | €79,884 | -€3,314 | -4.0% |
| Plant, machinery and equipment | 23 | €2,130 | €1,167 | -€964 | -45.2% |
| Other tangible fixed assets | 26 | €247,916 | €322,605 | +€74,689 | +30.1% |
| Assets under construction and advance payments | 27 | €20,063 | €10,000 | -€10,063 | -50.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €119,125 | €129,538 | +€10,413 | +8.7% |
| Stocks and contracts in progress | 3 | €108,452 | €108,452 | = | 0.0% |
| Stocks | 30/36 | €108,452 | €108,452 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,635 | €2,007 | -€7,628 | -79.2% |
| Trade receivables | 40 | €9,159 | - | -€9,159 | |
| Other amounts receivable | 41 | €476 | €2,007 | +€1,531 | +321% |
| Cash at bank and in hand | 54/58 | €1,038 | €19,079 | +€18,041 | +1,738% |
| Total equity and liabilities | 10/49 | €475,485 | €545,813 | +€70,328 | +14.8% |
| Equity | 10/15 | €88,993 | €101,140 | +€12,147 | +13.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €26,993 | €39,140 | +€12,147 | +45.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €20,793 | €32,940 | +€12,147 | +58.4% |
| Amounts payable | 17/49 | €386,492 | €444,673 | +€58,181 | +15.1% |
| Amounts payable after more than one year | 17 | €314,000 | €314,000 | = | 0.0% |
| Financial debts | 170/4 | €314,000 | €314,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,492 | €130,673 | +€58,181 | +80.3% |
| Trade debts | 44 | - | €3,889 | +€3,889 | |
| Suppliers | 440/4 | - | €3,889 | +€3,889 | |
| Taxes, remuneration and social security | 45 | €56 | - | -€56 | |
| Taxes | 450/3 | €56 | - | -€56 | |
| Other amounts payable | 47/48 | €72,436 | €126,784 | +€54,348 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,846 | €18,120 | +€3,273 | +22.0% |
| Other operating charges | 640/8 | €2,294 | €2,379 | +€85 | +3.7% |
| Gross operating margin | 9900 | €23,953 | €32,738 | +€8,785 | +36.7% |
| Operating profit (loss) | 9901 | €6,813 | €12,239 | +€5,427 | +79.7% |
| Financial income | 75/76B | €54 | €248 | +€194 | +358% |
| Recurring financial income | 75 | €54 | €248 | +€194 | +358% |
| Financial charges | 65/66B | €438 | €341 | -€97 | -22.2% |
| Recurring financial charges | 65 | €438 | €341 | -€97 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €6,429 | €12,147 | +€5,718 | +88.9% |
| Profit (loss) for the period | 9904 | €6,429 | €12,147 | +€5,718 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,429 | €12,147 | +€5,718 | +88.9% |
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 29 October 2026 via checked.be.