SHINE PRO: 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 PRO
Largest movements
- Tangible fixed assets -€30,560
down €30,560 (-43.9%), from €69,547 to €38,987
of which Furniture and vehicles: -€30,491
- Cash -€6,337
down €6,337 (-11.0%), from €57,576 to €51,238
mainly Contributions, distributions and other (-€40,000) and Other debts (-€17,509)
- Receivables within one year -€3,124
down €3,124 (-13.2%), from €23,719 to €20,595
of which Other amounts receivable: -€7,565
- Other debts -€17,509
down €17,509 (-29.1%), from €60,268 to €42,758
- Debts after one year -€10,060
down €10,060 (-41.6%), from €24,157 to €14,098
- Current portion of long-term debt -€4,945
down €4,945 (-33.0%), from €15,005 to €10,060
- Profit (loss) carried forward -€3,758
down €3,758 (-21.0%), from €17,931 to €14,172
- Trade debts -€3,260
down €3,260 (-44.2%), from €7,370 to €4,110
- Staff costs -€12,698
down €12,698, from €12,629 to -€68
- Gross operating margin -€8,810
down €8,810 (-11.6%), from €76,004 to €67,194
- Other operating charges -€1,256
down €1,256 (-66.2%), from €1,899 to €642
- Depreciation -€943
down €943 (-4.6%), from €20,558 to €19,615
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 | €156,540 | €115,600 | -€40,939 | -26.2% |
| Fixed assets | 21/28 | €69,547 | €38,987 | -€30,560 | -43.9% |
| Tangible fixed assets | 22/27 | €69,547 | €38,987 | -€30,560 | -43.9% |
| Plant, machinery and equipment | 23 | €2,437 | €2,368 | -€69 | -2.8% |
| Furniture and vehicles | 24 | €67,111 | €36,620 | -€30,491 | -45.4% |
| Current assets | 29/58 | €86,992 | €76,613 | -€10,379 | -11.9% |
| Stocks and contracts in progress | 3 | €3,416 | €2,780 | -€636 | -18.6% |
| Stocks | 30/36 | €3,416 | €2,780 | -€636 | -18.6% |
| Amounts receivable within one year | 40/41 | €23,719 | €20,595 | -€3,124 | -13.2% |
| Trade receivables | 40 | €15,303 | €19,745 | +€4,441 | +29.0% |
| Other amounts receivable | 41 | €8,416 | €851 | -€7,565 | -89.9% |
| Cash at bank and in hand | 54/58 | €57,576 | €51,238 | -€6,337 | -11.0% |
| Deferred charges and accrued income | 490/1 | €2,281 | €2,000 | -€282 | -12.3% |
| Total equity and liabilities | 10/49 | €156,540 | €115,600 | -€40,939 | -26.2% |
| Equity | 10/15 | €38,831 | €35,072 | -€3,758 | -9.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,931 | €14,172 | -€3,758 | -21.0% |
| Amounts payable | 17/49 | €117,709 | €80,528 | -€37,181 | -31.6% |
| Amounts payable after more than one year | 17 | €24,157 | €14,098 | -€10,060 | -41.6% |
| Financial debts | 170/4 | €24,157 | €14,098 | -€10,060 | -41.6% |
| Amounts payable within one year | 42/48 | €93,552 | €66,430 | -€27,121 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €15,005 | €10,060 | -€4,945 | -33.0% |
| Trade debts | 44 | €7,370 | €4,110 | -€3,260 | -44.2% |
| Suppliers | 440/4 | €7,370 | €4,110 | -€3,260 | -44.2% |
| Taxes, remuneration and social security | 45 | €10,909 | €9,502 | -€1,407 | -12.9% |
| Taxes | 450/3 | €10,234 | €9,502 | -€732 | -7.1% |
| Remuneration and social security | 454/9 | €675 | - | -€675 | |
| Other amounts payable | 47/48 | €60,268 | €42,758 | -€17,509 | -29.1% |
| Remuneration, social security and pensions | 62 | €12,629 | -€68 | -€12,698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,558 | €19,615 | -€943 | -4.6% |
| Other operating charges | 640/8 | €1,899 | €642 | -€1,256 | -66.2% |
| Gross operating margin | 9900 | €76,004 | €67,194 | -€8,810 | -11.6% |
| Operating profit (loss) | 9901 | €40,918 | €47,005 | +€6,087 | +14.9% |
| Financial income | 75/76B | €4 | €7 | +€3 | +95.3% |
| Recurring financial income | 75 | €4 | €7 | +€3 | +95.3% |
| Financial charges | 65/66B | €1,484 | €1,445 | -€39 | -2.7% |
| Recurring financial charges | 65 | €1,484 | €1,445 | -€39 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €39,437 | €45,567 | +€6,130 | +15.5% |
| Income taxes | 67/77 | €9,932 | €9,325 | -€607 | -6.1% |
| Profit (loss) for the period | 9904 | €29,505 | €36,242 | +€6,737 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,505 | €36,242 | +€6,737 | +22.8% |
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 8 October 2026 via checked.be.