EVER SHINE: 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.
EVER SHINE
Largest movements
- Receivables within one year +€10,898
up €10,898 (+49.5%), from €22,038 to €32,936
of which Trade receivables: +€10,021
- Cash -€5,787
down €5,787 (-66.2%), from €8,739 to €2,952
mainly Net result for the year (-€11,136) and Receivables within one year (-€10,898)
- Tangible fixed assets -€4,475
down €4,475 (-66.7%), from €6,712 to €2,237
- Intangible fixed assets -€2,857
no longer reported in 2025 (was €2,857)
- Trade debts +€14,366
up €14,366 (+105.2%), from €13,662 to €28,027
- Profit (loss) carried forward -€11,136
down €11,136 (-522.6%), from -€2,131 to -€13,266
- Debts after one year -€4,500
down €4,500 (-37.1%), from €12,130 to €7,630
- Short-term financial debts +€2,779
up €2,779 (+157.2%), from €1,769 to €4,548
- Other debts -€2,684
down €2,684 (-98.0%), from €2,738 to €54
- Gross operating margin -€9,806
down €9,806, from €9,728 to -€78
- Other operating charges +€1,705
up €1,705 (+241.2%), from €707 to €2,411
- Depreciation -€1,429
down €1,429 (-16.3%), from €8,761 to €7,332
- Taxes -€1,252
down €1,252 (-88.7%), from €1,412 to €160
- Financial charges +€275
up €275 (+31.3%), from €879 to €1,154
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 | €50,950 | €48,752 | -€2,198 | -4.3% |
| Fixed assets | 21/28 | €17,819 | €10,487 | -€7,332 | -41.1% |
| Intangible fixed assets | 21 | €2,857 | - | -€2,857 | |
| Tangible fixed assets | 22/27 | €6,712 | €2,237 | -€4,475 | -66.7% |
| Furniture and vehicles | 24 | €6,712 | €2,237 | -€4,475 | -66.7% |
| Financial fixed assets | 28 | €8,249 | €8,249 | = | 0.0% |
| Current assets | 29/58 | €33,132 | €38,266 | +€5,134 | +15.5% |
| Stocks and contracts in progress | 3 | €1,716 | €1,716 | = | 0.0% |
| Stocks | 30/36 | €1,716 | €1,716 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,038 | €32,936 | +€10,898 | +49.5% |
| Trade receivables | 40 | €21,840 | €31,860 | +€10,021 | +45.9% |
| Other amounts receivable | 41 | €198 | €1,076 | +€877 | +441.9% |
| Cash at bank and in hand | 54/58 | €8,739 | €2,952 | -€5,787 | -66.2% |
| Deferred charges and accrued income | 490/1 | €639 | €662 | +€23 | +3.6% |
| Total equity and liabilities | 10/49 | €50,950 | €48,752 | -€2,198 | -4.3% |
| Equity | 10/15 | €5,934 | -€5,201 | -€11,136 | |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,131 | -€13,266 | -€11,136 | -522.6% |
| Amounts payable | 17/49 | €45,016 | €53,953 | +€8,937 | +19.9% |
| Amounts payable after more than one year | 17 | €12,130 | €7,630 | -€4,500 | -37.1% |
| Other amounts payable | 178/9 | €12,130 | €7,630 | -€4,500 | -37.1% |
| Amounts payable within one year | 42/48 | €32,886 | €46,323 | +€13,437 | +40.9% |
| Financial debts | 43 | €1,769 | €4,548 | +€2,779 | +157.2% |
| Credit institutions | 430/8 | €1,769 | €4,548 | +€2,779 | +157.2% |
| Trade debts | 44 | €13,662 | €28,027 | +€14,366 | +105.2% |
| Suppliers | 440/4 | €13,662 | €28,027 | +€14,366 | +105.2% |
| Advances received on contracts in progress | 46 | €13,152 | €13,152 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,566 | €542 | -€1,024 | -65.4% |
| Taxes | 450/3 | €1,566 | €542 | -€1,024 | -65.4% |
| Other amounts payable | 47/48 | €2,738 | €54 | -€2,684 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,761 | €7,332 | -€1,429 | -16.3% |
| Other operating charges | 640/8 | €707 | €2,411 | +€1,705 | +241.2% |
| Gross operating margin | 9900 | €9,728 | -€78 | -€9,806 | |
| Operating profit (loss) | 9901 | €260 | -€9,822 | -€10,082 | |
| Financial charges | 65/66B | €879 | €1,154 | +€275 | +31.3% |
| Recurring financial charges | 65 | €879 | €1,154 | +€275 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | -€618 | -€10,975 | -€10,357 | -1675.0% |
| Income taxes | 67/77 | €1,412 | €160 | -€1,252 | -88.7% |
| Profit (loss) for the period | 9904 | -€2,030 | -€11,136 | -€9,105 | -448.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,030 | -€11,136 | -€9,105 | -448.4% |
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 10 October 2026 via checked.be.