SHUN SHUN: 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 SHUN
Largest movements
- Tangible fixed assets +€33,847
up €33,847 (+531%), from €6,372 to €40,220
of which Land and buildings: +€31,599
- Receivables within one year +€13,769
up €13,769 (+1,107%), from €1,244 to €15,012
of which Trade receivables: +€12,187
- Stocks and contracts +€7,946
new in 2025: €7,946
- Cash +€5,460
up €5,460 (+747%), from €731 to €6,191
mainly Other debts (+€41,806) and Net result for the year (+€10,200)
- Other debts +€41,806
up €41,806 (+5,350%), from €781 to €42,587
- Profit (loss) carried forward +€10,200
up €10,200 (+39.0%), from -€26,177 to -€15,977
- Trade debts +€9,530
up €9,530 (+340%), from €2,801 to €12,331
- Gross operating margin +€27,126
up €27,126, from -€8,086 to €19,040
- Depreciation -€7,353
down €7,353 (-50.0%), from €14,698 to €7,345
- Staff costs -€2,067
down €2,067, from €2,006 to -€61
- Other operating charges -€1,781
down €1,781 (-73.9%), from €2,409 to €628
- Financial charges -€1,561
down €1,561 (-80.6%), from €1,936 to €375
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 | €8,472 | €69,494 | +€61,022 | +720% |
| Fixed assets | 21/28 | €6,497 | €40,345 | +€33,847 | +521% |
| Tangible fixed assets | 22/27 | €6,372 | €40,220 | +€33,847 | +531% |
| Land and buildings | 22 | €1,594 | €33,193 | +€31,599 | +1,983% |
| Plant, machinery and equipment | 23 | €3,271 | €7,027 | +€3,756 | +115% |
| Furniture and vehicles | 24 | €1,508 | €0 | -€1,508 | -100% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,975 | €29,150 | +€27,175 | +1,376% |
| Stocks and contracts in progress | 3 | - | €7,946 | +€7,946 | |
| Stocks | 30/36 | - | €7,946 | +€7,946 | |
| Amounts receivable within one year | 40/41 | €1,244 | €15,012 | +€13,769 | +1,107% |
| Trade receivables | 40 | €944 | €13,131 | +€12,187 | +1,291% |
| Other amounts receivable | 41 | €300 | €1,882 | +€1,582 | +528% |
| Cash at bank and in hand | 54/58 | €731 | €6,191 | +€5,460 | +747% |
| Total equity and liabilities | 10/49 | €8,472 | €69,494 | +€61,022 | +720% |
| Equity | 10/15 | €3,823 | €14,023 | +€10,200 | +267% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,177 | -€15,977 | +€10,200 | +39.0% |
| Amounts payable | 17/49 | €4,649 | €55,471 | +€50,822 | +1,093% |
| Amounts payable within one year | 42/48 | €4,649 | €55,471 | +€50,822 | +1,093% |
| Trade debts | 44 | €2,801 | €12,331 | +€9,530 | +340% |
| Suppliers | 440/4 | €2,801 | €12,331 | +€9,530 | +340% |
| Taxes, remuneration and social security | 45 | €1,067 | €553 | -€513 | -48.1% |
| Taxes | 450/3 | €1,067 | €553 | -€513 | -48.1% |
| Other amounts payable | 47/48 | €781 | €42,587 | +€41,806 | +5,350% |
| Remuneration, social security and pensions | 62 | €2,006 | -€61 | -€2,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,698 | €7,345 | -€7,353 | -50.0% |
| Other operating charges | 640/8 | €2,409 | €628 | -€1,781 | -73.9% |
| Gross operating margin | 9900 | -€8,086 | €19,040 | +€27,126 | |
| Operating profit (loss) | 9901 | -€27,199 | €11,128 | +€38,327 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,936 | €375 | -€1,561 | -80.6% |
| Recurring financial charges | 65 | €1,936 | €375 | -€1,561 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,135 | €10,753 | +€39,888 | |
| Income taxes | 67/77 | €543 | €553 | +€11 | +2.0% |
| Profit (loss) for the period | 9904 | -€29,678 | €10,200 | +€39,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,678 | €10,200 | +€39,878 |
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 1 November 2026 via checked.be.