SHINRIN: 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.
SHINRIN
Largest movements
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash +€16,593
up €16,593 (+152.4%), from €10,890 to €27,483
mainly Current investments (+€50,000) and Depreciation (+€14,589)
- Tangible fixed assets -€14,589
down €14,589 (-5.7%), from €254,960 to €240,371
of which Land and buildings: -€7,484
- Receivables within one year -€10,052
down €10,052 (-100.0%), from €10,052 to €0
of which Trade receivables: -€9,574
- Other debts -€28,278
down €28,278 (-9.5%), from €296,708 to €268,431
- Profit (loss) carried forward -€26,979
down €26,979, from €20,185 to -€6,794
- Gross operating margin -€25,263
down €25,263, from €15,583 to -€9,680
- Taxes -€1,983
down €1,983 (-90.4%), from €2,194 to €211
- Other operating charges +€877
up €877 (+50.3%), from €1,744 to €2,621
- Financial income +€165
up €165 (+216.7%), from €76 to €241
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 | €326,510 | €268,002 | -€58,508 | -17.9% |
| Fixed assets | 21/28 | €254,960 | €240,371 | -€14,589 | -5.7% |
| Tangible fixed assets | 22/27 | €254,960 | €240,371 | -€14,589 | -5.7% |
| Land and buildings | 22 | €227,066 | €219,583 | -€7,484 | -3.3% |
| Furniture and vehicles | 24 | €27,893 | €20,789 | -€7,105 | -25.5% |
| Current assets | 29/58 | €71,550 | €27,631 | -€43,919 | -61.4% |
| Amounts receivable within one year | 40/41 | €10,052 | €0 | -€10,052 | -100.0% |
| Trade receivables | 40 | €9,574 | €0 | -€9,574 | -100.0% |
| Other amounts receivable | 41 | €478 | €0 | -€478 | -100.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,890 | €27,483 | +€16,593 | +152.4% |
| Deferred charges and accrued income | 490/1 | €609 | €148 | -€461 | -75.7% |
| Total equity and liabilities | 10/49 | €326,510 | €268,002 | -€58,508 | -17.9% |
| Equity | 10/15 | €23,185 | -€3,794 | -€26,979 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,185 | -€6,794 | -€26,979 | |
| Amounts payable | 17/49 | €303,325 | €271,796 | -€31,529 | -10.4% |
| Amounts payable within one year | 42/48 | €303,325 | €271,796 | -€31,529 | -10.4% |
| Trade debts | 44 | €2,514 | €1,354 | -€1,160 | -46.1% |
| Suppliers | 440/4 | €2,514 | €1,354 | -€1,160 | -46.1% |
| Taxes, remuneration and social security | 45 | €4,103 | €2,011 | -€2,092 | -51.0% |
| Taxes | 450/3 | €4,103 | €2,011 | -€2,092 | -51.0% |
| Other amounts payable | 47/48 | €296,708 | €268,431 | -€28,278 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,464 | €14,589 | +€125 | +0.9% |
| Other operating charges | 640/8 | €1,744 | €2,621 | +€877 | +50.3% |
| Gross operating margin | 9900 | €15,583 | -€9,680 | -€25,263 | |
| Operating profit (loss) | 9901 | -€625 | -€26,890 | -€26,265 | -4203.2% |
| Financial income | 75/76B | €76 | €241 | +€165 | +216.7% |
| Recurring financial income | 75 | €76 | €241 | +€165 | +216.7% |
| Financial charges | 65/66B | €54 | €119 | +€65 | +120.8% |
| Recurring financial charges | 65 | €54 | €119 | +€65 | +120.8% |
| Profit (loss) for the period before taxes | 9903 | -€603 | -€26,768 | -€26,165 | -4342.5% |
| Income taxes | 67/77 | €2,194 | €211 | -€1,983 | -90.4% |
| Profit (loss) for the period | 9904 | -€2,797 | -€26,979 | -€24,182 | -864.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,797 | -€26,979 | -€24,182 | -864.6% |
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 10 October 2026 via checked.be.