Shino: 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.
Shino
Largest movements
- Tangible fixed assets +€33,297
up €33,297 (+301.1%), from €11,058 to €44,355
of which Furniture and vehicles: +€35,609
- Cash -€7,314
down €7,314 (-26.8%), from €27,270 to €19,956
mainly Investment in fixed assets (net) (-€44,547) and Tax, wage and social debts (-€7,521)
- Receivables within one year +€2,074
up €2,074 (+284.0%), from €730 to €2,805
of which Other amounts receivable: +€2,705
- Debts after one year +€26,197
new in 2025: €26,197
- Current portion of long-term debt +€7,811
new in 2025: €7,811
- Tax, wage and social debts -€7,521
down €7,521 (-60.4%), from €12,457 to €4,936
of which Taxes: -€6,715
- Other debts +€2,340
up €2,340 (+141.0%), from €1,660 to €4,000
- Profit (loss) carried forward -€1,784
down €1,784, from €0 to -€1,784
- Gross operating margin -€14,479
down €14,479 (-41.1%), from €35,240 to €20,761
- Depreciation +€8,488
up €8,488 (+252.5%), from €3,362 to €11,850
- Taxes -€6,024
down €6,024 (-92.1%), from €6,540 to €516
- Staff costs +€3,917
up €3,917 (+365.2%), from €1,072 to €4,989
- Financial charges +€2,486
up €2,486 (+191.1%), from €1,301 to €3,787
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 | €45,886 | €73,697 | +€27,811 | +60.6% |
| Fixed assets | 21/28 | €13,415 | €46,112 | +€32,697 | +243.7% |
| Intangible fixed assets | 21 | €2,357 | €1,757 | -€600 | -25.5% |
| Tangible fixed assets | 22/27 | €11,058 | €44,355 | +€33,297 | +301.1% |
| Plant, machinery and equipment | 23 | €4,715 | €3,515 | -€1,200 | -25.5% |
| Furniture and vehicles | 24 | €1,864 | €37,473 | +€35,609 | +1910.4% |
| Other tangible fixed assets | 26 | €4,479 | €3,367 | -€1,112 | -24.8% |
| Current assets | 29/58 | €32,471 | €27,584 | -€4,886 | -15.0% |
| Stocks and contracts in progress | 3 | €4,000 | €4,012 | +€12 | +0.3% |
| Stocks | 30/36 | €4,000 | €4,012 | +€12 | +0.3% |
| Amounts receivable within one year | 40/41 | €730 | €2,805 | +€2,074 | +284.0% |
| Trade receivables | 40 | €631 | €0 | -€631 | -100.0% |
| Other amounts receivable | 41 | €100 | €2,805 | +€2,705 | +2711.7% |
| Cash at bank and in hand | 54/58 | €27,270 | €19,956 | -€7,314 | -26.8% |
| Deferred charges and accrued income | 490/1 | €470 | €812 | +€342 | +72.7% |
| Total equity and liabilities | 10/49 | €45,886 | €73,697 | +€27,811 | +60.6% |
| Equity | 10/15 | €23,040 | €21,256 | -€1,784 | -7.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,040 | €21,040 | = | 0.0% |
| Distributable reserves | 133 | €21,040 | €21,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,784 | -€1,784 | |
| Amounts payable | 17/49 | €22,846 | €52,441 | +€29,595 | +129.5% |
| Amounts payable after more than one year | 17 | - | €26,197 | +€26,197 | |
| Financial debts | 170/4 | - | €26,197 | +€26,197 | |
| Amounts payable within one year | 42/48 | €22,846 | €26,244 | +€3,399 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,811 | +€7,811 | |
| Trade debts | 44 | €8,729 | €9,497 | +€768 | +8.8% |
| Suppliers | 440/4 | €8,729 | €9,497 | +€768 | +8.8% |
| Taxes, remuneration and social security | 45 | €12,457 | €4,936 | -€7,521 | -60.4% |
| Taxes | 450/3 | €7,231 | €516 | -€6,715 | -92.9% |
| Remuneration and social security | 454/9 | €5,225 | €4,420 | -€805 | -15.4% |
| Other amounts payable | 47/48 | €1,660 | €4,000 | +€2,340 | +141.0% |
| Remuneration, social security and pensions | 62 | €1,072 | €4,989 | +€3,917 | +365.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,362 | €11,850 | +€8,488 | +252.5% |
| Other operating charges | 640/8 | €265 | €1,406 | +€1,142 | +431.1% |
| Gross operating margin | 9900 | €35,240 | €20,761 | -€14,479 | -41.1% |
| Operating profit (loss) | 9901 | €30,540 | €2,515 | -€28,025 | -91.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,301 | €3,787 | +€2,486 | +191.1% |
| Recurring financial charges | 65 | €1,301 | €3,787 | +€2,486 | +191.1% |
| Profit (loss) for the period before taxes | 9903 | €29,240 | -€1,269 | -€30,508 | |
| Income taxes | 67/77 | €6,540 | €516 | -€6,024 | -92.1% |
| Profit (loss) for the period | 9904 | €22,700 | -€1,784 | -€24,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,700 | -€1,784 | -€24,485 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.