Shinka: 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.
Shinka
Largest movements
- Current investments -€130,000
down €130,000 (-100.0%), from €130,000 to €0
- Cash +€62,385
up €62,385 (+165.7%), from €37,660 to €100,045
mainly Current investments (+€130,000) and Net result for the year (+€68,701)
- Receivables within one year +€44,088
up €44,088 (+402.2%), from €10,962 to €55,050
of which Trade receivables: +€45,285
- Tangible fixed assets -€16,522
down €16,522 (-54.2%), from €30,488 to €13,966
of which Furniture and vehicles: -€15,346
- Reserves -€78,153
down €78,153 (-100.0%), from €78,153 to €0
- Tax, wage and social debts +€26,786
up €26,786 (+5960.5%), from €449 to €27,236
- Other debts +€25,218
up €25,218 (+22.9%), from €109,935 to €135,154
- Current portion of long-term debt -€12,948
down €12,948 (-100.0%), from €12,948 to €0
- Gross operating margin -€141,869
down €141,869 (-55.0%), from €257,854 to €115,985
- Taxes -€34,382
down €34,382 (-63.2%), from €54,374 to €19,993
- Other operating charges -€2,911
down €2,911 (-19.4%), from €15,031 to €12,120
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 | €211,423 | €171,459 | -€39,965 | -18.9% |
| Fixed assets | 21/28 | €30,988 | €13,966 | -€17,022 | -54.9% |
| Tangible fixed assets | 22/27 | €30,488 | €13,966 | -€16,522 | -54.2% |
| Furniture and vehicles | 24 | €28,754 | €13,408 | -€15,346 | -53.4% |
| Other tangible fixed assets | 26 | €1,733 | €557 | -€1,176 | -67.8% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €180,436 | €157,493 | -€22,943 | -12.7% |
| Amounts receivable within one year | 40/41 | €10,962 | €55,050 | +€44,088 | +402.2% |
| Trade receivables | 40 | €3,711 | €48,996 | +€45,285 | +1220.4% |
| Other amounts receivable | 41 | €7,252 | €6,054 | -€1,197 | -16.5% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,660 | €100,045 | +€62,385 | +165.7% |
| Deferred charges and accrued income | 490/1 | €1,813 | €2,398 | +€585 | +32.3% |
| Total equity and liabilities | 10/49 | €211,423 | €171,459 | -€39,965 | -18.9% |
| Equity | 10/15 | €83,153 | €5,000 | -€78,153 | -94.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,153 | €0 | -€78,153 | -100.0% |
| Distributable reserves | 133 | €78,153 | €0 | -€78,153 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,271 | €166,459 | +€38,188 | +29.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €128,271 | €166,459 | +€38,188 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €12,948 | €0 | -€12,948 | -100.0% |
| Financial debts | 43 | €4,129 | €2,824 | -€1,306 | -31.6% |
| Credit institutions | 430/8 | €4,129 | €2,824 | -€1,306 | -31.6% |
| Trade debts | 44 | €809 | €1,246 | +€437 | +54.0% |
| Suppliers | 440/4 | €809 | €1,246 | +€437 | +54.0% |
| Taxes, remuneration and social security | 45 | €449 | €27,236 | +€26,786 | +5960.5% |
| Taxes | 450/3 | €449 | €27,236 | +€26,786 | +5960.5% |
| Other amounts payable | 47/48 | €109,935 | €135,154 | +€25,218 | +22.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,723 | €16,522 | +€799 | +5.1% |
| Other operating charges | 640/8 | €15,031 | €12,120 | -€2,911 | -19.4% |
| Gross operating margin | 9900 | €257,854 | €115,985 | -€141,869 | -55.0% |
| Operating profit (loss) | 9901 | €227,101 | €87,343 | -€139,757 | -61.5% |
| Financial income | 75/76B | - | €1,671 | +€1,671 | |
| Recurring financial income | 75 | - | €1,671 | +€1,671 | |
| Financial charges | 65/66B | €456 | €321 | -€135 | -29.6% |
| Recurring financial charges | 65 | €456 | €321 | -€135 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €226,645 | €88,693 | -€137,951 | -60.9% |
| Income taxes | 67/77 | €54,374 | €19,993 | -€34,382 | -63.2% |
| Profit (loss) for the period | 9904 | €172,271 | €68,701 | -€103,570 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €172,271 | €68,701 | -€103,570 | -60.1% |
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 5 October 2026 via checked.be.