2SHINE2: 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.
2SHINE2
Largest movements
- Cash +€9,538
up €9,538 (+25.7%), from €37,171 to €46,709
mainly Depreciation (+€11,695) and Net result for the year (+€4,218)
- Tangible fixed assets -€5,000
down €5,000 (-13.5%), from €36,958 to €31,959
of which Furniture and vehicles: -€11,372
- Receivables within one year -€2,698
down €2,698 (-68.2%), from €3,956 to €1,258
of which Trade receivables: -€1,549
- Reserves +€4,218
up €4,218 (+89.8%), from €4,699 to €8,917
of which Distributable reserves: +€8,917
- Tax, wage and social debts -€1,227
down €1,227 (-71.6%), from €1,713 to €486
- Other debts -€1,106
down €1,106 (-2.1%), from €51,853 to €50,747
- Taxes +€436
up €436 (+28.1%), from €1,551 to €1,986
- Gross operating margin +€406
up €406 (+2.2%), from €18,117 to €18,523
- Depreciation +€323
up €323 (+2.8%), from €11,372 to €11,695
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 | €78,366 | €80,251 | +€1,885 | +2.4% |
| Fixed assets | 21/28 | €36,958 | €31,959 | -€5,000 | -13.5% |
| Tangible fixed assets | 22/27 | €36,958 | €31,959 | -€5,000 | -13.5% |
| Plant, machinery and equipment | 23 | - | €6,372 | +€6,372 | |
| Furniture and vehicles | 24 | €36,958 | €25,586 | -€11,372 | -30.8% |
| Current assets | 29/58 | €41,408 | €48,293 | +€6,885 | +16.6% |
| Amounts receivable within one year | 40/41 | €3,956 | €1,258 | -€2,698 | -68.2% |
| Trade receivables | 40 | €1,730 | €181 | -€1,549 | -89.5% |
| Other amounts receivable | 41 | €2,226 | €1,077 | -€1,149 | -51.6% |
| Cash at bank and in hand | 54/58 | €37,171 | €46,709 | +€9,538 | +25.7% |
| Deferred charges and accrued income | 490/1 | €281 | €326 | +€45 | +15.9% |
| Total equity and liabilities | 10/49 | €78,366 | €80,251 | +€1,885 | +2.4% |
| Equity | 10/15 | €24,800 | €29,018 | +€4,218 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,699 | €8,917 | +€4,218 | +89.8% |
| Non-distributable reserves | 130/1 | €4,699 | - | -€4,699 | |
| Reserves not available under the articles | 1311 | €4,699 | - | -€4,699 | |
| Distributable reserves | 133 | - | €8,917 | +€8,917 | |
| Profit (loss) carried forward | 14 | €1,501 | €1,501 | = | 0.0% |
| Amounts payable | 17/49 | €53,566 | €51,233 | -€2,333 | -4.4% |
| Amounts payable within one year | 42/48 | €53,566 | €51,233 | -€2,333 | -4.4% |
| Taxes, remuneration and social security | 45 | €1,713 | €486 | -€1,227 | -71.6% |
| Taxes | 450/3 | €1,713 | €486 | -€1,227 | -71.6% |
| Other amounts payable | 47/48 | €51,853 | €50,747 | -€1,106 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,372 | €11,695 | +€323 | +2.8% |
| Other operating charges | 640/8 | €449 | €583 | +€133 | +29.7% |
| Gross operating margin | 9900 | €18,117 | €18,523 | +€406 | +2.2% |
| Operating profit (loss) | 9901 | €6,296 | €6,246 | -€50 | -0.8% |
| Financial income | 75/76B | €0 | €7 | +€7 | +66,900% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +66,900% |
| Financial charges | 65/66B | €46 | €48 | +€1 | +2.9% |
| Recurring financial charges | 65 | €46 | €48 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €6,249 | €6,205 | -€45 | -0.7% |
| Income taxes | 67/77 | €1,551 | €1,986 | +€436 | +28.1% |
| Profit (loss) for the period | 9904 | €4,699 | €4,218 | -€480 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | €4,218 | -€480 | -10.2% |
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 16 October 2026 via checked.be.