C-Shine Digital: 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.
C-Shine Digital
Largest movements
- Receivables within one year +€18,013
up €18,013 (+9394.8%), from €192 to €18,204
of which Trade receivables: +€16,204
- Tangible fixed assets -€15,643
down €15,643 (-27.9%), from €56,151 to €40,508
of which Leasing and similar rights: -€14,816
- Deferred charges and accrued income +€2,066
up €2,066 (+24.1%), from €8,566 to €10,633
- Debts after one year -€13,203
down €13,203 (-34.5%), from €38,296 to €25,093
- Reserves +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Profit (loss) carried forward +€5,493
up €5,493 (+71.2%), from €7,717 to €13,210
- Tax, wage and social debts +€1,714
up €1,714 (+16.8%), from €10,207 to €11,920
- Gross operating margin +€1,455
up €1,455 (+3.7%), from €39,826 to €41,281
- Staff costs +€967
new in 2025: €967
- Taxes +€448
up €448 (+8.8%), from €5,092 to €5,541
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 | €94,803 | €99,796 | +€4,994 | +5.3% |
| Fixed assets | 21/28 | €56,151 | €40,508 | -€15,643 | -27.9% |
| Tangible fixed assets | 22/27 | €56,151 | €40,508 | -€15,643 | -27.9% |
| Plant, machinery and equipment | 23 | €1,721 | €1,249 | -€472 | -27.4% |
| Furniture and vehicles | 24 | €3,323 | €2,967 | -€355 | -10.7% |
| Leasing and similar rights | 25 | €51,107 | €36,292 | -€14,816 | -29.0% |
| Current assets | 29/58 | €38,652 | €59,289 | +€20,637 | +53.4% |
| Amounts receivable within one year | 40/41 | €192 | €18,204 | +€18,013 | +9394.8% |
| Trade receivables | 40 | - | €16,204 | +€16,204 | |
| Other amounts receivable | 41 | €192 | €2,000 | +€1,808 | +943.1% |
| Cash at bank and in hand | 54/58 | €29,894 | €30,451 | +€558 | +1.9% |
| Deferred charges and accrued income | 490/1 | €8,566 | €10,633 | +€2,066 | +24.1% |
| Total equity and liabilities | 10/49 | €94,803 | €99,796 | +€4,994 | +5.3% |
| Equity | 10/15 | €32,717 | €48,210 | +€15,493 | +47.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Distributable reserves | 133 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | €7,717 | €13,210 | +€5,493 | +71.2% |
| Amounts payable | 17/49 | €62,086 | €51,587 | -€10,499 | -16.9% |
| Amounts payable after more than one year | 17 | €38,296 | €25,093 | -€13,203 | -34.5% |
| Financial debts | 170/4 | €38,296 | €25,093 | -€13,203 | -34.5% |
| Amounts payable within one year | 42/48 | €23,764 | €26,429 | +€2,665 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €12,635 | €13,157 | +€522 | +4.1% |
| Trade debts | 44 | €922 | €1,352 | +€429 | +46.6% |
| Suppliers | 440/4 | €922 | €1,352 | +€429 | +46.6% |
| Taxes, remuneration and social security | 45 | €10,207 | €11,920 | +€1,714 | +16.8% |
| Taxes | 450/3 | €10,207 | €11,920 | +€1,714 | +16.8% |
| Accrued charges and deferred income | 492/3 | €26 | €65 | +€39 | +150.2% |
| Remuneration, social security and pensions | 62 | - | €967 | +€967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,917 | €17,149 | +€233 | +1.4% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.5% |
| Gross operating margin | 9900 | €39,826 | €41,281 | +€1,455 | +3.7% |
| Operating profit (loss) | 9901 | €22,784 | €23,037 | +€253 | +1.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,400 | €2,003 | -€397 | -16.5% |
| Recurring financial charges | 65 | €2,400 | €2,003 | -€397 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €20,384 | €21,034 | +€650 | +3.2% |
| Income taxes | 67/77 | €5,092 | €5,541 | +€448 | +8.8% |
| Profit (loss) for the period | 9904 | €15,291 | €15,493 | +€201 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,291 | €15,493 | +€201 | +1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.