SHUN-DA: 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.
SHUN-DA
Largest movements
- Receivables within one year +€4,955
up €4,955 (+249.7%), from €1,984 to €6,939
of which Trade receivables: +€4,081
- Tangible fixed assets -€1,744
down €1,744 (-19.3%), from €9,053 to €7,309
of which Other tangible fixed assets: -€2,402
- Deferred charges and accrued income +€1,502
up €1,502 (+170.1%), from €883 to €2,385
- Cash +€624
up €624 (+21.9%), from €2,844 to €3,468
mainly Trade debts (+€5,994) and Depreciation (+€3,072)
- Trade debts +€5,994
up €5,994 (+1251.4%), from €479 to €6,473
- Profit (loss) carried forward -€568
down €568 (-2.9%), from -€19,347 to -€19,915
- Debts after one year -€485
down €485 (-1.8%), from €27,071 to €26,586
- Turnover +€36,312
up €36,312 (+41.0%), from €88,570 to €124,882
- Purchases and services +€36,251
up €36,251 (+43.9%), from €82,502 to €118,753
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 | €16,623 | €21,765 | +€5,142 | +30.9% |
| Fixed assets | 21/28 | €9,053 | €7,309 | -€1,744 | -19.3% |
| Tangible fixed assets | 22/27 | €9,053 | €7,309 | -€1,744 | -19.3% |
| Plant, machinery and equipment | 23 | €461 | €107 | -€354 | -76.8% |
| Furniture and vehicles | 24 | €1,067 | €2,079 | +€1,012 | +94.8% |
| Other tangible fixed assets | 26 | €7,525 | €5,123 | -€2,402 | -31.9% |
| Current assets | 29/58 | €7,570 | €14,456 | +€6,886 | +91.0% |
| Stocks and contracts in progress | 3 | €1,859 | €1,664 | -€195 | -10.5% |
| Stocks | 30/36 | €1,859 | €1,664 | -€195 | -10.5% |
| Amounts receivable within one year | 40/41 | €1,984 | €6,939 | +€4,955 | +249.7% |
| Trade receivables | 40 | €1,298 | €5,379 | +€4,081 | +314.4% |
| Other amounts receivable | 41 | €686 | €1,560 | +€874 | +127.4% |
| Cash at bank and in hand | 54/58 | €2,844 | €3,468 | +€624 | +21.9% |
| Deferred charges and accrued income | 490/1 | €883 | €2,385 | +€1,502 | +170.1% |
| Total equity and liabilities | 10/49 | €16,623 | €21,765 | +€5,142 | +30.9% |
| Equity | 10/15 | -€11,287 | -€11,855 | -€568 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,347 | -€19,915 | -€568 | -2.9% |
| Amounts payable | 17/49 | €27,910 | €33,620 | +€5,710 | +20.5% |
| Amounts payable after more than one year | 17 | €27,071 | €26,586 | -€485 | -1.8% |
| Other amounts payable | 178/9 | €27,071 | €26,586 | -€485 | -1.8% |
| Amounts payable within one year | 42/48 | €839 | €7,034 | +€6,195 | +738.4% |
| Trade debts | 44 | €479 | €6,473 | +€5,994 | +1251.4% |
| Suppliers | 440/4 | €479 | €6,473 | +€5,994 | +1251.4% |
| Taxes, remuneration and social security | 45 | €360 | €561 | +€201 | +55.8% |
| Taxes | 450/3 | €360 | €561 | +€201 | +55.8% |
| Turnover | 70 | €88,570 | €124,882 | +€36,312 | +41.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,502 | €118,753 | +€36,251 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,048 | €3,072 | +€24 | +0.8% |
| Other operating charges | 640/8 | €2,918 | €3,456 | +€538 | +18.4% |
| Gross operating margin | 9900 | €6,068 | €6,129 | +€61 | +1.0% |
| Operating profit (loss) | 9901 | €102 | -€399 | -€501 | |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €185 | €228 | +€43 | +23.2% |
| Recurring financial charges | 65 | €185 | €228 | +€43 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€83 | -€584 | -€501 | -603.6% |
| Income taxes | 67/77 | €326 | -€16 | -€342 | |
| Profit (loss) for the period | 9904 | -€409 | -€568 | -€159 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€409 | -€568 | -€159 | -38.9% |
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 9 October 2026 via checked.be.