SHANG PIN: what changed
What changed
SHANG PIN
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€313,924
2024 · €357,772-€43,848
Equity
€473,371
2024 · €460,971+€12,400
Cash
€353,809
2024 · €357,710-€3,901
Balance sheet total
€1.7m
2024 · €1.3m+€414,280
Largest movements
Assets
- Tangible fixed assets +€407,172
up €407,172 (+76.5%), from €532,262 to €939,435
of which Land and buildings: +€387,421
- Financial fixed assets +€19,500
new in 2025: €19,500
Equity and liabilities
- Debts after one year +€240,335
up €240,335 (+59.0%), from €407,288 to €647,623
- Other debts +€94,615
up €94,615 (+41.3%), from €229,077 to €323,692
- Tax, wage and social debts +€31,372
up €31,372 (+19.6%), from €160,238 to €191,610
of which Taxes: +€17,237
- Trade debts +€27,495
up €27,495 (+60.1%), from €45,733 to €73,229
Income statement
- Gross operating margin -€50,646
down €50,646 (-7.6%), from €667,340 to €616,693
- Staff costs +€14,413
up €14,413 (+8.7%), from €165,439 to €179,852
- Depreciation +€9,851
up €9,851 (+63.1%), from €15,610 to €25,461
- Taxes -€9,011
down €9,011 (-10.9%), from €82,494 to €73,483
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€357,772
Gross operating margin
-€50,646
Staff costs
-€14,413
Depreciation
-€9,851
Other operating charges
-€1,944
Other operating items
+€32,231
Financial income
-€2,642
Financial charges
-€5,595
Taxes
+€9,011
Result 2025
€313,924
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€498,442
Investment
-€449,216
Financing
-€53,127
Cash 2024
€357,710
From operations (derived)
+€498,442
Net result for the year
+€313,924
Depreciation
+€25,461
Receivables after one year
+€10,778
Stocks and contracts
-€4,889
Smaller working-capital items
-€314
Trade debts
+€27,495
Tax, wage and social debts
+€31,372
Other debts
+€94,615
Investment (derived)
-€449,216
Investment in fixed assets (net)
-€452,133
Current investments
+€2,917
Financing
-€53,127
Debts after one year
+€240,335
Current portion of long-term debt
+€8,063
Contributions, distributions and other
-€301,524
Cash 2025
€353,809
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,331,859 | €1,746,138 | +€414,280 | +31.1% |
| Fixed assets | 21/28 | €532,262 | €958,935 | +€426,672 | +80.2% |
| Tangible fixed assets | 22/27 | €532,262 | €939,435 | +€407,172 | +76.5% |
| Land and buildings | 22 | €513,029 | €900,451 | +€387,421 | +75.5% |
| Plant, machinery and equipment | 23 | €604 | €24,707 | +€24,103 | +3,991% |
| Furniture and vehicles | 24 | €18,629 | €14,278 | -€4,352 | -23.4% |
| Financial fixed assets | 28 | - | €19,500 | +€19,500 | |
| Current assets | 29/58 | €799,597 | €787,204 | -€12,393 | -1.5% |
| Amounts receivable after more than one year | 29 | €224,824 | €214,046 | -€10,778 | -4.8% |
| Other amounts receivable | 291 | €224,824 | €214,046 | -€10,778 | -4.8% |
| Stocks and contracts in progress | 3 | €1,480 | €6,369 | +€4,889 | +330% |
| Stocks | 30/36 | €1,480 | €6,369 | +€4,889 | +330% |
| Amounts receivable within one year | 40/41 | €10,760 | €11,774 | +€1,014 | +9.4% |
| Trade receivables | 40 | €195 | €996 | +€801 | +412% |
| Other amounts receivable | 41 | €10,565 | €10,778 | +€213 | +2.0% |
| Current investments | 50/53 | €204,078 | €201,161 | -€2,917 | -1.4% |
| Cash at bank and in hand | 54/58 | €357,710 | €353,809 | -€3,901 | -1.1% |
| Deferred charges and accrued income | 490/1 | €744 | €44 | -€700 | -94.1% |
| Total equity and liabilities | 10/49 | €1,331,859 | €1,746,138 | +€414,280 | +31.1% |
| Equity | 10/15 | €460,971 | €473,371 | +€12,400 | +2.7% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €242,073 | €242,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €240,213 | €240,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,698 | €212,698 | = | 0.0% |
| Amounts payable | 17/49 | €870,888 | €1,272,768 | +€401,880 | +46.1% |
| Amounts payable after more than one year | 17 | €407,288 | €647,623 | +€240,335 | +59.0% |
| Financial debts | 170/4 | €407,288 | €647,623 | +€240,335 | +59.0% |
| Amounts payable within one year | 42/48 | €461,800 | €623,345 | +€161,545 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €26,752 | €34,815 | +€8,063 | +30.1% |
| Trade debts | 44 | €45,733 | €73,229 | +€27,495 | +60.1% |
| Suppliers | 440/4 | €45,733 | €73,229 | +€27,495 | +60.1% |
| Taxes, remuneration and social security | 45 | €160,238 | €191,610 | +€31,372 | +19.6% |
| Taxes | 450/3 | €126,123 | €143,360 | +€17,237 | +13.7% |
| Remuneration and social security | 454/9 | €34,114 | €48,250 | +€14,135 | +41.4% |
| Other amounts payable | 47/48 | €229,077 | €323,692 | +€94,615 | +41.3% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €165,439 | €179,852 | +€14,413 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,610 | €25,461 | +€9,851 | +63.1% |
| Other operating charges | 640/8 | €2,739 | €4,683 | +€1,944 | +71.0% |
| Non-recurring operating charges | 66A | €32,231 | - | -€32,231 | |
| Gross operating margin | 9900 | €667,340 | €616,693 | -€50,646 | -7.6% |
| Operating profit (loss) | 9901 | €451,320 | €406,698 | -€44,622 | -9.9% |
| Financial income | 75/76B | €8,920 | €6,278 | -€2,642 | -29.6% |
| Recurring financial income | 75 | €8,920 | €6,278 | -€2,642 | -29.6% |
| Financial charges | 65/66B | €19,974 | €25,569 | +€5,595 | +28.0% |
| Recurring financial charges | 65 | €19,974 | €25,569 | +€5,595 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €440,266 | €387,407 | -€52,859 | -12.0% |
| Income taxes | 67/77 | €82,494 | €73,483 | -€9,011 | -10.9% |
| Profit (loss) for the period | 9904 | €357,772 | €313,924 | -€43,848 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €357,772 | €313,924 | -€43,848 | -12.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.