SHANSHAN YANG: 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.
SHANSHAN YANG
Largest movements
- Cash +€15,795
up €15,795 (+260%), from €6,078 to €21,873
mainly Depreciation (+€11,455) and Net result for the year (+€6,643)
- Tangible fixed assets -€10,455
down €10,455 (-21.2%), from €49,295 to €38,840
of which Furniture and vehicles: -€8,670
- Stocks and contracts -€2,494
down €2,494 (-56.9%), from €4,385 to €1,892
- Deferred charges and accrued income +€1,682
up €1,682 (+52.4%), from €3,208 to €4,890
- Debts after one year -€8,284
down €8,284 (-41.6%), from €19,915 to €11,631
- Profit (loss) carried forward +€6,643
up €6,643, from -€6,153 to €490
- Trade debts +€2,881
up €2,881 (+62.4%), from €4,619 to €7,500
- Other debts +€1,474
up €1,474 (+7.7%), from €19,144 to €20,619
- Tax, wage and social debts +€1,302
up €1,302 (+131%), from €994 to €2,295
of which Remuneration and social security: +€1,085
- Gross operating margin +€10,161
up €10,161 (+59.2%), from €17,161 to €27,322
- Depreciation +€2,953
up €2,953 (+34.7%), from €8,501 to €11,455
- Staff costs -€1,815
down €1,815 (-25.9%), from €6,998 to €5,182
- Other operating charges -€1,318
down €1,318 (-46.0%), from €2,868 to €1,550
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.
Derived cash bridge
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 | €66,905 | €71,280 | +€4,375 | +6.5% |
| Fixed assets | 21/28 | €51,995 | €41,540 | -€10,455 | -20.1% |
| Tangible fixed assets | 22/27 | €49,295 | €38,840 | -€10,455 | -21.2% |
| Plant, machinery and equipment | 23 | €8,119 | €6,334 | -€1,785 | -22.0% |
| Furniture and vehicles | 24 | €41,175 | €32,506 | -€8,670 | -21.1% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €14,910 | €29,739 | +€14,829 | +99.5% |
| Stocks and contracts in progress | 3 | €4,385 | €1,892 | -€2,494 | -56.9% |
| Stocks | 30/36 | €4,385 | €1,892 | -€2,494 | -56.9% |
| Amounts receivable within one year | 40/41 | €1,238 | €1,084 | -€154 | -12.4% |
| Trade receivables | 40 | €596 | €1,036 | +€440 | +73.9% |
| Other amounts receivable | 41 | €643 | €48 | -€594 | -92.5% |
| Cash at bank and in hand | 54/58 | €6,078 | €21,873 | +€15,795 | +260% |
| Deferred charges and accrued income | 490/1 | €3,208 | €4,890 | +€1,682 | +52.4% |
| Total equity and liabilities | 10/49 | €66,905 | €71,280 | +€4,375 | +6.5% |
| Equity | 10/15 | €14,307 | €20,950 | +€6,643 | +46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,153 | €490 | +€6,643 | |
| Amounts payable | 17/49 | €52,598 | €50,329 | -€2,269 | -4.3% |
| Amounts payable after more than one year | 17 | €19,915 | €11,631 | -€8,284 | -41.6% |
| Financial debts | 170/4 | €19,915 | €11,631 | -€8,284 | -41.6% |
| Amounts payable within one year | 42/48 | €32,683 | €38,698 | +€6,016 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €7,926 | €8,284 | +€358 | +4.5% |
| Trade debts | 44 | €4,619 | €7,500 | +€2,881 | +62.4% |
| Suppliers | 440/4 | €4,619 | €7,500 | +€2,881 | +62.4% |
| Taxes, remuneration and social security | 45 | €994 | €2,295 | +€1,302 | +131% |
| Taxes | 450/3 | €824 | €1,041 | +€216 | +26.3% |
| Remuneration and social security | 454/9 | €169 | €1,254 | +€1,085 | +641% |
| Other amounts payable | 47/48 | €19,144 | €20,619 | +€1,474 | +7.7% |
| Remuneration, social security and pensions | 62 | €6,998 | €5,182 | -€1,815 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,501 | €11,455 | +€2,953 | +34.7% |
| Other operating charges | 640/8 | €2,868 | €1,550 | -€1,318 | -46.0% |
| Gross operating margin | 9900 | €17,161 | €27,322 | +€10,161 | +59.2% |
| Operating profit (loss) | 9901 | -€1,205 | €9,135 | +€10,341 | |
| Financial income | 75/76B | €75 | €0 | -€74 | -99.7% |
| Recurring financial income | 75 | €75 | €0 | -€74 | -99.7% |
| Financial charges | 65/66B | €2,096 | €1,918 | -€178 | -8.5% |
| Recurring financial charges | 65 | €2,096 | €1,918 | -€178 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,227 | €7,218 | +€10,444 | |
| Income taxes | 67/77 | €466 | €574 | +€108 | +23.1% |
| Profit (loss) for the period | 9904 | -€3,693 | €6,643 | +€10,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,693 | €6,643 | +€10,336 |
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 21 October 2026 via checked.be.