SUNSHINE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables after one year +€100,000
up €100,000 (+22.5%), from €445,000 to €545,000
- Tangible fixed assets +€84,143
up €84,143 (+11.3%), from €745,567 to €829,710
of which Plant, machinery and equipment: +€105,180
- Current investments -€83,417
down €83,417 (-27.8%), from €299,620 to €216,203
- Receivables within one year +€24,100
new in 2025: €24,100
of which Other amounts receivable: +€15,391
- Other debts +€148,763
up €148,763 (+4363.9%), from €3,409 to €152,172
- Debts after one year -€62,832
down €62,832 (-19.7%), from €318,649 to €255,817
- Profit (loss) carried forward +€23,547
up €23,547 (+25.5%), from -€92,320 to -€68,773
- Financial income +€44,570
up €44,570 (+212.1%), from €21,016 to €65,586
- Gross operating margin -€12,637
down €12,637 (-44.0%), from €28,729 to €16,092
- Other operating charges +€5,437
up €5,437 (+501.4%), from €1,084 to €6,521
- Depreciation +€2,233
up €2,233 (+5.1%), from €43,416 to €45,648
- Financial charges -€775
down €775 (-11.5%), from €6,736 to €5,961
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 | €1,497,930 | €1,618,685 | +€120,755 | +8.1% |
| Fixed assets | 21/28 | €747,067 | €831,210 | +€84,143 | +11.3% |
| Tangible fixed assets | 22/27 | €745,567 | €829,710 | +€84,143 | +11.3% |
| Land and buildings | 22 | €684,000 | €662,400 | -€21,600 | -3.2% |
| Plant, machinery and equipment | 23 | €57,369 | €162,549 | +€105,180 | +183.3% |
| Furniture and vehicles | 24 | €3,310 | €1,463 | -€1,847 | -55.8% |
| Other tangible fixed assets | 26 | €889 | €889 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €2,410 | +€2,410 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €750,863 | €787,474 | +€36,612 | +4.9% |
| Amounts receivable after more than one year | 29 | €445,000 | €545,000 | +€100,000 | +22.5% |
| Other amounts receivable | 291 | €445,000 | €545,000 | +€100,000 | +22.5% |
| Amounts receivable within one year | 40/41 | - | €24,100 | +€24,100 | |
| Trade receivables | 40 | - | €8,709 | +€8,709 | |
| Other amounts receivable | 41 | - | €15,391 | +€15,391 | |
| Current investments | 50/53 | €299,620 | €216,203 | -€83,417 | -27.8% |
| Cash at bank and in hand | 54/58 | €583 | €2,171 | +€1,588 | +272.6% |
| Deferred charges and accrued income | 490/1 | €5,660 | - | -€5,660 | |
| Total equity and liabilities | 10/49 | €1,497,930 | €1,618,685 | +€120,755 | +8.1% |
| Equity | 10/15 | €1,095,612 | €1,119,159 | +€23,547 | +2.1% |
| Contributions | 10/11 | €1,058,600 | €1,058,600 | = | 0.0% |
| Reserves | 13 | €129,332 | €129,332 | = | 0.0% |
| Distributable reserves | 133 | €129,332 | €129,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,320 | -€68,773 | +€23,547 | +25.5% |
| Amounts payable | 17/49 | €402,318 | €499,526 | +€97,207 | +24.2% |
| Amounts payable after more than one year | 17 | €318,649 | €255,817 | -€62,832 | -19.7% |
| Financial debts | 170/4 | €318,649 | €255,817 | -€62,832 | -19.7% |
| Amounts payable within one year | 42/48 | €78,570 | €243,696 | +€165,126 | +210.2% |
| Current portion of amounts payable after more than one year | 42 | €61,853 | €62,832 | +€979 | +1.6% |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €4,546 | €19,937 | +€15,391 | +338.6% |
| Suppliers | 440/4 | €4,546 | €19,937 | +€15,391 | +338.6% |
| Taxes, remuneration and social security | 45 | €8,755 | €8,755 | = | 0.0% |
| Taxes | 450/3 | €8,755 | €8,755 | = | 0.0% |
| Other amounts payable | 47/48 | €3,409 | €152,172 | +€148,763 | +4363.9% |
| Accrued charges and deferred income | 492/3 | €5,099 | €13 | -€5,087 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,416 | €45,648 | +€2,233 | +5.1% |
| Other operating charges | 640/8 | €1,084 | €6,521 | +€5,437 | +501.4% |
| Gross operating margin | 9900 | €28,729 | €16,092 | -€12,637 | -44.0% |
| Operating profit (loss) | 9901 | -€15,771 | -€36,077 | -€20,306 | -128.8% |
| Financial income | 75/76B | €21,016 | €65,586 | +€44,570 | +212.1% |
| Recurring financial income | 75 | €21,016 | €65,586 | +€44,570 | +212.1% |
| Financial charges | 65/66B | €6,736 | €5,961 | -€775 | -11.5% |
| Recurring financial charges | 65 | €6,736 | €5,961 | -€775 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,492 | €23,547 | +€25,039 | |
| Profit (loss) for the period | 9904 | -€1,492 | €23,547 | +€25,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,492 | €23,547 | +€25,039 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.