SHINE DESIGN: what changed
Two fiscal 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.
SHINE DESIGN
Largest movements
- Cash +€10,675
up €10,675 (+1021.8%), from €1,045 to €11,720
mainly Net result for the year (+€8,706) and Tax, wage and social debts (+€4,429)
- Receivables within one year +€893
new in 2025: €893
- Profit (loss) carried forward +€8,706
up €8,706 (+12.4%), from -€70,281 to -€61,575
- Trade debts -€5,506
down €5,506 (-41.3%), from €13,332 to €7,826
- Tax, wage and social debts +€4,429
up €4,429 (+442.1%), from €1,002 to €5,430
of which Remuneration and social security: +€2,459
- Other debts +€3,959
new in 2025: €3,959
- Other operating charges +€4,370
up €4,370 (+429.8%), from €1,017 to €5,387
- Gross operating margin -€3,465
down €3,465 (-17.0%), from €20,442 to €16,977
- Taxes +€2,479
new in 2025: €2,479
- Depreciation -€337
down €337 (-75.0%), from €449 to €112
- Staff costs +€259
up €259 (+61.5%), from -€421 to -€162
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 | €4,653 | €16,241 | +€11,588 | +249.1% |
| Fixed assets | 21/28 | €1,364 | €1,252 | -€112 | -8.2% |
| Tangible fixed assets | 22/27 | €1,364 | €1,252 | -€112 | -8.2% |
| Plant, machinery and equipment | 23 | €1,364 | €1,252 | -€112 | -8.2% |
| Current assets | 29/58 | €3,289 | €14,989 | +€11,700 | +355.8% |
| Stocks and contracts in progress | 3 | €2,067 | €2,067 | = | 0.0% |
| Stocks | 30/36 | €2,067 | €2,067 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €893 | +€893 | |
| Other amounts receivable | 41 | - | €893 | +€893 | |
| Cash at bank and in hand | 54/58 | €1,045 | €11,720 | +€10,675 | +1021.8% |
| Deferred charges and accrued income | 490/1 | €177 | €309 | +€132 | +74.6% |
| Total equity and liabilities | 10/49 | €4,653 | €16,241 | +€11,588 | +249.1% |
| Equity | 10/15 | -€51,681 | -€42,975 | +€8,706 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,281 | -€61,575 | +€8,706 | +12.4% |
| Amounts payable | 17/49 | €56,334 | €59,216 | +€2,882 | +5.1% |
| Amounts payable after more than one year | 17 | €42,000 | €42,000 | = | 0.0% |
| Other amounts payable | 178/9 | €42,000 | €42,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,334 | €17,216 | +€2,882 | +20.1% |
| Trade debts | 44 | €13,332 | €7,826 | -€5,506 | -41.3% |
| Suppliers | 440/4 | €13,332 | €7,826 | -€5,506 | -41.3% |
| Taxes, remuneration and social security | 45 | €1,002 | €5,430 | +€4,429 | +442.1% |
| Taxes | 450/3 | €509 | €2,479 | +€1,970 | +386.6% |
| Remuneration and social security | 454/9 | €492 | €2,951 | +€2,459 | +499.6% |
| Other amounts payable | 47/48 | - | €3,959 | +€3,959 | |
| Remuneration, social security and pensions | 62 | -€421 | -€162 | +€259 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449 | €112 | -€337 | -75.0% |
| Other operating charges | 640/8 | €1,017 | €5,387 | +€4,370 | +429.8% |
| Non-recurring operating charges | 66A | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €20,442 | €16,977 | -€3,465 | -17.0% |
| Operating profit (loss) | 9901 | €17,398 | €11,640 | -€5,758 | -33.1% |
| Financial charges | 65/66B | €506 | €456 | -€50 | -9.9% |
| Recurring financial charges | 65 | €506 | €456 | -€50 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €16,892 | €11,184 | -€5,707 | -33.8% |
| Income taxes | 67/77 | - | €2,479 | +€2,479 | |
| Profit (loss) for the period | 9904 | €16,892 | €8,706 | -€8,186 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,892 | €8,706 | -€8,186 | -48.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.