SHANGHAI 7: 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.
SHANGHAI 7
Largest movements
- Cash +€7,976
up €7,976 (+102%), from €7,841 to €15,817
mainly Other debts (+€20,329)
- Other debts +€20,329
up €20,329 (+508%), from €4,001 to €24,330
- Tax, wage and social debts -€6,992
down €6,992 (-55.4%), from €12,628 to €5,636
of which Remuneration and social security: -€5,316
- Trade debts -€3,436
down €3,436 (-73.1%), from €4,703 to €1,267
- Profit (loss) carried forward -€1,925
down €1,925 (-6.9%), from -€27,874 to -€29,799
- Turnover -€55,361
no longer reported in 2022 (was €55,361)
- Purchases and services -€49,970
no longer reported in 2022 (was €49,970)
- Gross operating margin +€12,264
up €12,264 (+227%), from €5,391 to €17,655
- Financial income -€8,674
no longer reported in 2022 (was €8,674)
- Staff costs +€3,353
up €3,353 (+21.1%), from €15,867 to €19,220
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,251 | €20,227 | +€7,976 | +65.1% |
| Fixed assets | 21/28 | €3,296 | €3,296 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,296 | €3,296 | = | 0.0% |
| Current assets | 29/58 | €8,955 | €16,931 | +€7,976 | +89.1% |
| Amounts receivable within one year | 40/41 | €1,114 | €1,114 | = | 0.0% |
| Trade receivables | 40 | €1,114 | €1,114 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,841 | €15,817 | +€7,976 | +102% |
| Total equity and liabilities | 10/49 | €12,251 | €20,227 | +€7,976 | +65.1% |
| Equity | 10/15 | -€9,081 | -€11,006 | -€1,925 | -21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193 | €193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €193 | €193 | = | 0.0% |
| Legal reserve | 130 | €193 | €193 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,874 | -€29,799 | -€1,925 | -6.9% |
| Amounts payable | 17/49 | €21,332 | €31,233 | +€9,901 | +46.4% |
| Amounts payable within one year | 42/48 | €21,332 | €31,233 | +€9,901 | +46.4% |
| Trade debts | 44 | €4,703 | €1,267 | -€3,436 | -73.1% |
| Suppliers | 440/4 | €4,703 | €1,267 | -€3,436 | -73.1% |
| Taxes, remuneration and social security | 45 | €12,628 | €5,636 | -€6,992 | -55.4% |
| Taxes | 450/3 | €6,927 | €5,251 | -€1,676 | -24.2% |
| Remuneration and social security | 454/9 | €5,701 | €385 | -€5,316 | -93.2% |
| Other amounts payable | 47/48 | €4,001 | €24,330 | +€20,329 | +508% |
| Turnover | 70 | €55,361 | - | -€55,361 | |
| Goods, raw materials, services and sundry goods | 60/61 | €49,970 | - | -€49,970 | |
| Remuneration, social security and pensions | 62 | €15,867 | €19,220 | +€3,353 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92 | - | -€92 | |
| Other operating charges | 640/8 | €315 | €160 | -€155 | -49.2% |
| Gross operating margin | 9900 | €5,391 | €17,655 | +€12,264 | +227% |
| Operating profit (loss) | 9901 | -€10,883 | -€1,725 | +€9,158 | +84.1% |
| Financial income | 75/76B | €8,674 | - | -€8,674 | |
| Recurring financial income | 75 | €8,674 | - | -€8,674 | |
| Financial charges | 65/66B | €173 | €200 | +€27 | +15.6% |
| Recurring financial charges | 65 | €173 | €200 | +€27 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,382 | -€1,925 | +€457 | +19.2% |
| Profit (loss) for the period | 9904 | -€2,382 | -€1,925 | +€457 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,382 | -€1,925 | +€457 | +19.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.