TOP SHINE TECHNOLOGY: 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.
TOP SHINE TECHNOLOGY
Largest movements
- Stocks and contracts -€150,279
down €150,279 (-42.9%), from €350,406 to €200,127
- Receivables within one year -€115,412
down €115,412 (-94.7%), from €121,827 to €6,415
of which Trade receivables: -€121,103
- Cash +€24,581
up €24,581 (+202%), from €12,179 to €36,759
mainly Trade debts (+€222,561) and Stocks and contracts (+€150,279)
- Profit (loss) carried forward -€511,591
down €511,591, from €41,119 to -€470,472
- Trade debts +€222,561
up €222,561 (+61.3%), from €363,115 to €585,676
- Accrued charges and deferred income +€62,407
up €62,407 (+166%), from €37,572 to €99,979
- Tax, wage and social debts -€15,971
down €15,971 (-43.2%), from €36,962 to €20,991
of which Remuneration and social security: -€13,261
- Turnover -€3.0m
no longer reported in 2025 (was €3.0m)
- Gross operating margin -€558,835
down €558,835, from €128,541 to -€430,294
- Purchases and services -€138,353
down €138,353 (-4.8%), from €2.9m to €2.7m
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.
Derived cash bridge
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 | €497,144 | €253,935 | -€243,208 | -48.9% |
| Fixed assets | 21/28 | €12,733 | €10,635 | -€2,098 | -16.5% |
| Tangible fixed assets | 22/27 | €7,683 | €5,585 | -€2,098 | -27.3% |
| Furniture and vehicles | 24 | €7,683 | €5,585 | -€2,098 | -27.3% |
| Financial fixed assets | 28 | €5,050 | €5,050 | = | 0.0% |
| Current assets | 29/58 | €484,411 | €243,301 | -€241,110 | -49.8% |
| Stocks and contracts in progress | 3 | €350,406 | €200,127 | -€150,279 | -42.9% |
| Stocks | 30/36 | €350,406 | €200,127 | -€150,279 | -42.9% |
| Amounts receivable within one year | 40/41 | €121,827 | €6,415 | -€115,412 | -94.7% |
| Trade receivables | 40 | €121,103 | - | -€121,103 | |
| Other amounts receivable | 41 | €723 | €6,415 | +€5,691 | +787% |
| Cash at bank and in hand | 54/58 | €12,179 | €36,759 | +€24,581 | +202% |
| Total equity and liabilities | 10/49 | €497,144 | €253,935 | -€243,208 | -48.9% |
| Equity | 10/15 | €47,104 | -€464,487 | -€511,591 | |
| Contributions | 10/11 | €5,985 | €5,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,119 | -€470,472 | -€511,591 | |
| Amounts payable | 17/49 | €450,039 | €718,422 | +€268,383 | +59.6% |
| Amounts payable within one year | 42/48 | €412,467 | €618,444 | +€205,976 | +49.9% |
| Trade debts | 44 | €363,115 | €585,676 | +€222,561 | +61.3% |
| Suppliers | 440/4 | €363,115 | €585,676 | +€222,561 | +61.3% |
| Taxes, remuneration and social security | 45 | €36,962 | €20,991 | -€15,971 | -43.2% |
| Taxes | 450/3 | €13,275 | €10,564 | -€2,711 | -20.4% |
| Remuneration and social security | 454/9 | €23,688 | €10,427 | -€13,261 | -56.0% |
| Other amounts payable | 47/48 | €12,390 | €11,776 | -€613 | -5.0% |
| Accrued charges and deferred income | 492/3 | €37,572 | €99,979 | +€62,407 | +166% |
| Turnover | 70 | €2,977,929 | - | -€3.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,856,291 | €2,717,938 | -€138,353 | -4.8% |
| Remuneration, social security and pensions | 62 | €73,504 | €76,621 | +€3,117 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,416 | €2,098 | -€319 | -13.2% |
| Other operating charges | 640/8 | €873 | €2,578 | +€1,706 | +196% |
| Gross operating margin | 9900 | €128,541 | -€430,294 | -€558,835 | |
| Operating profit (loss) | 9901 | €51,749 | -€511,591 | -€563,339 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1 | €0 | -€1 | -76.9% |
| Recurring financial charges | 65 | €1 | €0 | -€1 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €51,748 | -€511,591 | -€563,339 | |
| Income taxes | 67/77 | €10,629 | - | -€10,629 | |
| Profit (loss) for the period | 9904 | €41,119 | -€511,591 | -€552,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,119 | -€511,591 | -€552,710 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.