SHUN - LI: 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.
SHUN - LI
Largest movements
- Cash +€37,419
up €37,419 (+29.8%), from €125,392 to €162,811
mainly Net result for the year (+€30,120) and Other debts (+€6,532)
- Tangible fixed assets -€3,583
down €3,583 (-40.2%), from €8,905 to €5,321
- Receivables within one year +€2,343
up €2,343 (+65.0%), from €3,606 to €5,949
of which Trade receivables: +€2,300
- Reserves +€30,120
up €30,120 (+30.8%), from €97,653 to €127,773
of which Distributable reserves: +€30,120
- Other debts +€6,532
new in 2025: €6,532
- Trade debts -€4,263
down €4,263 (-85.2%), from €5,002 to €739
- Tax, wage and social debts +€3,789
up €3,789 (+21.2%), from €17,847 to €21,636
- Gross operating margin +€13,489
up €13,489 (+28.7%), from €46,932 to €60,422
- Taxes +€11,228
up €11,228 (+86.5%), from €12,979 to €24,207
- Financial charges +€619
up €619 (+297%), from €209 to €827
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.
Derived cash bridge
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 | €139,103 | €175,281 | +€36,178 | +26.0% |
| Fixed assets | 21/28 | €8,905 | €5,321 | -€3,583 | -40.2% |
| Tangible fixed assets | 22/27 | €8,905 | €5,321 | -€3,583 | -40.2% |
| Plant, machinery and equipment | 23 | €3,187 | €1,576 | -€1,611 | -50.6% |
| Furniture and vehicles | 24 | €5,486 | €3,745 | -€1,741 | -31.7% |
| Other tangible fixed assets | 26 | €231 | €0 | -€231 | -100% |
| Current assets | 29/58 | €130,198 | €169,959 | +€39,761 | +30.5% |
| Stocks and contracts in progress | 3 | €1,200 | €1,200 | = | 0.0% |
| Stocks | 30/36 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,606 | €5,949 | +€2,343 | +65.0% |
| Trade receivables | 40 | - | €2,300 | +€2,300 | |
| Other amounts receivable | 41 | €3,606 | €3,648 | +€42 | +1.2% |
| Cash at bank and in hand | 54/58 | €125,392 | €162,811 | +€37,419 | +29.8% |
| Total equity and liabilities | 10/49 | €139,103 | €175,281 | +€36,178 | +26.0% |
| Equity | 10/15 | €116,253 | €146,373 | +€30,120 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €97,653 | €127,773 | +€30,120 | +30.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €95,793 | €125,913 | +€30,120 | +31.4% |
| Amounts payable | 17/49 | €22,849 | €28,907 | +€6,058 | +26.5% |
| Amounts payable within one year | 42/48 | €22,849 | €28,907 | +€6,058 | +26.5% |
| Trade debts | 44 | €5,002 | €739 | -€4,263 | -85.2% |
| Suppliers | 440/4 | €5,002 | €739 | -€4,263 | -85.2% |
| Taxes, remuneration and social security | 45 | €17,847 | €21,636 | +€3,789 | +21.2% |
| Taxes | 450/3 | €17,847 | €21,636 | +€3,789 | +21.2% |
| Other amounts payable | 47/48 | - | €6,532 | +€6,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,232 | €4,740 | -€492 | -9.4% |
| Other operating charges | 640/8 | €513 | €542 | +€29 | +5.6% |
| Gross operating margin | 9900 | €46,932 | €60,422 | +€13,489 | +28.7% |
| Operating profit (loss) | 9901 | €41,187 | €55,140 | +€13,953 | +33.9% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €209 | €827 | +€619 | +297% |
| Recurring financial charges | 65 | €209 | €827 | +€619 | +297% |
| Profit (loss) for the period before taxes | 9903 | €40,979 | €54,327 | +€13,348 | +32.6% |
| Income taxes | 67/77 | €12,979 | €24,207 | +€11,228 | +86.5% |
| Profit (loss) for the period | 9904 | €28,000 | €30,120 | +€2,120 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,000 | €30,120 | +€2,120 | +7.6% |
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 25 October 2026 via checked.be.