Shiyan: 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.
Shiyan
Largest movements
- Receivables within one year +€4,892
up €4,892 (+34.0%), from €14,400 to €19,292
of which Other amounts receivable: +€8,802
- Cash +€4,412
up €4,412 (+117.7%), from €3,749 to €8,161
mainly Net result for the year (+€4,695) and Depreciation (+€2,690)
- Tangible fixed assets -€2,690
down €2,690 (-15.4%), from €17,475 to €14,785
of which Plant, machinery and equipment: -€1,440
- Deferred charges and accrued income +€1,729
new in 2025: €1,729
- Reserves +€4,695
up €4,695 (+139.1%), from €3,375 to €8,070
- Trade debts +€2,513
up €2,513 (+9.1%), from €27,483 to €29,995
- Tax, wage and social debts +€1,174
up €1,174 (+68.0%), from €1,727 to €2,902
- Gross operating margin +€85,680
up €85,680 (+164.0%), from €52,248 to €137,929
- Staff costs +€80,333
up €80,333 (+174.9%), from €45,924 to €126,257
- Depreciation +€2,015
up €2,015 (+298.4%), from €675 to €2,690
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 | €35,624 | €43,967 | +€8,343 | +23.4% |
| Fixed assets | 21/28 | €17,475 | €14,785 | -€2,690 | -15.4% |
| Tangible fixed assets | 22/27 | €17,475 | €14,785 | -€2,690 | -15.4% |
| Plant, machinery and equipment | 23 | €14,037 | €12,597 | -€1,440 | -10.3% |
| Furniture and vehicles | 24 | €3,438 | €2,188 | -€1,250 | -36.4% |
| Current assets | 29/58 | €18,149 | €29,182 | +€11,033 | +60.8% |
| Amounts receivable within one year | 40/41 | €14,400 | €19,292 | +€4,892 | +34.0% |
| Trade receivables | 40 | €14,400 | €10,490 | -€3,910 | -27.2% |
| Other amounts receivable | 41 | - | €8,802 | +€8,802 | |
| Cash at bank and in hand | 54/58 | €3,749 | €8,161 | +€4,412 | +117.7% |
| Deferred charges and accrued income | 490/1 | - | €1,729 | +€1,729 | |
| Total equity and liabilities | 10/49 | €35,624 | €43,967 | +€8,343 | +23.4% |
| Equity | 10/15 | €6,375 | €11,070 | +€4,695 | +73.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,375 | €8,070 | +€4,695 | +139.1% |
| Distributable reserves | 133 | €3,375 | €8,070 | +€4,695 | +139.1% |
| Amounts payable | 17/49 | €29,249 | €32,897 | +€3,648 | +12.5% |
| Amounts payable within one year | 42/48 | €29,249 | €32,897 | +€3,648 | +12.5% |
| Trade debts | 44 | €27,483 | €29,995 | +€2,513 | +9.1% |
| Suppliers | 440/4 | €27,483 | €29,995 | +€2,513 | +9.1% |
| Taxes, remuneration and social security | 45 | €1,727 | €2,902 | +€1,174 | +68.0% |
| Taxes | 450/3 | €1,727 | €2,902 | +€1,174 | +68.0% |
| Other amounts payable | 47/48 | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | €45,924 | €126,257 | +€80,333 | +174.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €2,690 | +€2,015 | +298.4% |
| Other operating charges | 640/8 | €625 | €1,379 | +€754 | +120.7% |
| Gross operating margin | 9900 | €52,248 | €137,929 | +€85,680 | +164.0% |
| Operating profit (loss) | 9901 | €5,025 | €7,604 | +€2,579 | +51.3% |
| Financial income | 75/76B | - | €243 | +€243 | |
| Recurring financial income | 75 | - | €243 | +€243 | |
| Financial charges | 65/66B | €90 | €250 | +€159 | +175.9% |
| Recurring financial charges | 65 | €90 | €250 | +€159 | +175.9% |
| Profit (loss) for the period before taxes | 9903 | €4,934 | €7,596 | +€2,662 | +53.9% |
| Income taxes | 67/77 | €1,560 | €2,902 | +€1,342 | +86.0% |
| Profit (loss) for the period | 9904 | €3,375 | €4,695 | +€1,320 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,375 | €4,695 | +€1,320 | +39.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.