LE SHANGHAI: 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.
LE SHANGHAI
Largest movements
- Cash +€4,271
up €4,271 (+338.6%), from €1,261 to €5,533
mainly Net result for the year (+€3,282) and Receivables within one year (+€1,372)
- Receivables within one year -€1,372
down €1,372 (-100.0%), from €1,372 to €0
- Profit (loss) carried forward +€3,282
up €3,282 (+25.1%), from €13,077 to €16,359
- Trade debts -€1,928
down €1,928 (-100.0%), from €1,928 to €0
- Other operating charges -€1,235
down €1,235 (-30.0%), from €4,118 to €2,883
- Gross operating margin -€856
down €856 (-11.5%), from €7,425 to €6,569
- Financial charges -€349
down €349 (-60.0%), from €582 to €233
- Taxes -€119
down €119 (-100.0%), from €119 to €0
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 | €111,309 | €113,014 | +€1,706 | +1.5% |
| Fixed assets | 21/28 | €107,653 | €107,482 | -€171 | -0.2% |
| Tangible fixed assets | 22/27 | €107,653 | €107,482 | -€171 | -0.2% |
| Land and buildings | 22 | €107,140 | €107,140 | = | 0.0% |
| Plant, machinery and equipment | 23 | €513 | €342 | -€171 | -33.3% |
| Current assets | 29/58 | €3,656 | €5,533 | +€1,877 | +51.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,372 | €0 | -€1,372 | -100.0% |
| Other amounts receivable | 41 | €1,372 | €0 | -€1,372 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,261 | €5,533 | +€4,271 | +338.6% |
| Deferred charges and accrued income | 490/1 | €1,022 | €0 | -€1,022 | -100.0% |
| Total equity and liabilities | 10/49 | €111,309 | €113,014 | +€1,706 | +1.5% |
| Equity | 10/15 | €21,134 | €24,416 | +€3,282 | +15.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,077 | €16,359 | +€3,282 | +25.1% |
| Amounts payable | 17/49 | €90,175 | €88,599 | -€1,576 | -1.7% |
| Amounts payable within one year | 42/48 | €90,175 | €88,599 | -€1,576 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,928 | €0 | -€1,928 | -100.0% |
| Suppliers | 440/4 | €1,928 | €0 | -€1,928 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €88,246 | €88,599 | +€352 | +0.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €171 | = | 0.0% |
| Other operating charges | 640/8 | €4,118 | €2,883 | -€1,235 | -30.0% |
| Gross operating margin | 9900 | €7,425 | €6,569 | -€856 | -11.5% |
| Operating profit (loss) | 9901 | €3,136 | €3,515 | +€379 | +12.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €582 | €233 | -€349 | -60.0% |
| Recurring financial charges | 65 | €582 | €233 | -€349 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €2,554 | €3,282 | +€728 | +28.5% |
| Income taxes | 67/77 | €119 | €0 | -€119 | -100.0% |
| Profit (loss) for the period | 9904 | €2,435 | €3,282 | +€847 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,435 | €3,282 | +€847 | +34.8% |
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.