SHENG XIN: 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.
SHENG XIN
Largest movements
- Cash -€8,370
down €8,370 (-91.1%), from €9,186 to €816
mainly Other debts (-€7,414) and Deferred charges and accrued income (-€4,019)
- Deferred charges and accrued income +€4,019
up €4,019 (+210%), from €1,918 to €5,937
- Receivables within one year +€714
up €714 (+5.7%), from €12,608 to €13,322
of which Trade receivables: +€699
- Formation expenses -€473
down €473 (-22.3%), from €2,120 to €1,647
- Tangible fixed assets -€285
down €285 (-21.9%), from €1,301 to €1,016
- Other debts -€7,414
down €7,414 (-67.7%), from €10,958 to €3,544
- Tax, wage and social debts +€1,839
new in 2025: €1,839
of which Taxes: +€1,700
- Profit (loss) carried forward +€1,070
up €1,070 (+44.6%), from -€2,399 to -€1,329
- Gross operating margin +€8,461
up €8,461, from -€1,645 to €6,816
- Staff costs +€2,732
new in 2025: €2,732
- Taxes +€1,700
new in 2025: €1,700
- Depreciation +€390
up €390 (+106%), from €367 to €757
- Financial charges +€157
new in 2025: €157
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 | €28,339 | €23,730 | -€4,609 | -16.3% |
| Formation expenses | 20 | €2,120 | €1,647 | -€473 | -22.3% |
| Fixed assets | 21/28 | €1,486 | €1,201 | -€285 | -19.2% |
| Tangible fixed assets | 22/27 | €1,301 | €1,016 | -€285 | -21.9% |
| Plant, machinery and equipment | 23 | €1,301 | €1,016 | -€285 | -21.9% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €24,733 | €20,882 | -€3,851 | -15.6% |
| Stocks and contracts in progress | 3 | €1,021 | €807 | -€214 | -21.0% |
| Stocks | 30/36 | €1,021 | €807 | -€214 | -21.0% |
| Amounts receivable within one year | 40/41 | €12,608 | €13,322 | +€714 | +5.7% |
| Trade receivables | 40 | €10,272 | €10,971 | +€699 | +6.8% |
| Other amounts receivable | 41 | €2,336 | €2,351 | +€15 | +0.6% |
| Cash at bank and in hand | 54/58 | €9,186 | €816 | -€8,370 | -91.1% |
| Deferred charges and accrued income | 490/1 | €1,918 | €5,937 | +€4,019 | +210% |
| Total equity and liabilities | 10/49 | €28,339 | €23,730 | -€4,609 | -16.3% |
| Equity | 10/15 | €601 | €1,671 | +€1,070 | +178% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,399 | -€1,329 | +€1,070 | +44.6% |
| Amounts payable | 17/49 | €27,738 | €22,059 | -€5,679 | -20.5% |
| Amounts payable within one year | 42/48 | €27,738 | €22,059 | -€5,679 | -20.5% |
| Trade debts | 44 | €16,780 | €16,676 | -€104 | -0.6% |
| Suppliers | 440/4 | €16,780 | €16,676 | -€104 | -0.6% |
| Taxes, remuneration and social security | 45 | - | €1,839 | +€1,839 | |
| Taxes | 450/3 | - | €1,700 | +€1,700 | |
| Remuneration and social security | 454/9 | - | €139 | +€139 | |
| Other amounts payable | 47/48 | €10,958 | €3,544 | -€7,414 | -67.7% |
| Remuneration, social security and pensions | 62 | - | €2,732 | +€2,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €757 | +€390 | +106% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€1,645 | €6,816 | +€8,461 | |
| Operating profit (loss) | 9901 | -€2,399 | €2,927 | +€5,326 | |
| Financial charges | 65/66B | - | €157 | +€157 | |
| Recurring financial charges | 65 | - | €157 | +€157 | |
| Profit (loss) for the period before taxes | 9903 | -€2,399 | €2,770 | +€5,169 | |
| Income taxes | 67/77 | - | €1,700 | +€1,700 | |
| Profit (loss) for the period | 9904 | -€2,399 | €1,070 | +€3,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,399 | €1,070 | +€3,469 |
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 20 October 2026 via checked.be.