Shinv: 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.
Shinv
Largest movements
- Cash +€15,079
up €15,079 (+43.6%), from €34,587 to €49,666
mainly Receivables within one year (+€13,209) and Net result for the year (+€4,060)
- Receivables within one year -€13,209
down €13,209 (-13.5%), from €97,719 to €84,511
of which Trade receivables: -€14,835
- Other debts -€5,334
down €5,334 (-16.4%), from €32,591 to €27,257
- Reserves +€4,060
up €4,060 (+2.8%), from €146,461 to €150,521
- Accrued charges and deferred income +€2,181
new in 2025: €2,181
- Gross operating margin -€17,485
down €17,485 (-63.4%), from €27,596 to €10,111
- Taxes -€2,626
down €2,626 (-52.0%), from €5,053 to €2,426
- Financial charges +€1,009
up €1,009 (+53.0%), from €1,904 to €2,914
- Depreciation -€353
no longer reported in 2025 (was €353)
- Other operating charges +€324
up €324 (+83.7%), from €387 to €712
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 | €204,897 | €206,796 | +€1,899 | +0.9% |
| Fixed assets | 21/28 | €71,000 | €71,000 | = | 0.0% |
| Financial fixed assets | 28 | €71,000 | €71,000 | = | 0.0% |
| Current assets | 29/58 | €133,897 | €135,796 | +€1,899 | +1.4% |
| Amounts receivable within one year | 40/41 | €97,719 | €84,511 | -€13,209 | -13.5% |
| Trade receivables | 40 | €96,772 | €81,937 | -€14,835 | -15.3% |
| Other amounts receivable | 41 | €947 | €2,574 | +€1,626 | +171.7% |
| Cash at bank and in hand | 54/58 | €34,587 | €49,666 | +€15,079 | +43.6% |
| Deferred charges and accrued income | 490/1 | €1,590 | €1,619 | +€28 | +1.8% |
| Total equity and liabilities | 10/49 | €204,897 | €206,796 | +€1,899 | +0.9% |
| Equity | 10/15 | €165,011 | €169,071 | +€4,060 | +2.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €146,461 | €150,521 | +€4,060 | +2.8% |
| Distributable reserves | 133 | €146,461 | €150,521 | +€4,060 | +2.8% |
| Amounts payable | 17/49 | €39,886 | €37,725 | -€2,161 | -5.4% |
| Amounts payable within one year | 42/48 | €39,886 | €35,543 | -€4,343 | -10.9% |
| Trade debts | 44 | €260 | €101 | -€159 | -61.2% |
| Suppliers | 440/4 | €260 | €101 | -€159 | -61.2% |
| Taxes, remuneration and social security | 45 | €7,035 | €8,186 | +€1,151 | +16.4% |
| Taxes | 450/3 | €7,035 | €3,296 | -€3,739 | -53.1% |
| Remuneration and social security | 454/9 | - | €4,890 | +€4,890 | |
| Other amounts payable | 47/48 | €32,591 | €27,257 | -€5,334 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €2,181 | +€2,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | - | -€353 | |
| Other operating charges | 640/8 | €387 | €712 | +€324 | +83.7% |
| Gross operating margin | 9900 | €27,596 | €10,111 | -€17,485 | -63.4% |
| Operating profit (loss) | 9901 | €26,856 | €9,400 | -€17,456 | -65.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €1,904 | €2,914 | +€1,009 | +53.0% |
| Recurring financial charges | 65 | €1,904 | €2,914 | +€1,009 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €24,951 | €6,486 | -€18,465 | -74.0% |
| Income taxes | 67/77 | €5,053 | €2,426 | -€2,626 | -52.0% |
| Profit (loss) for the period | 9904 | €19,899 | €4,060 | -€15,839 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,899 | €4,060 | -€15,839 | -79.6% |
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.