A-B Shine: 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.
A-B Shine
Largest movements
- Cash -€5,146
down €5,146 (-86.2%), from €5,967 to €821
mainly Other debts (-€14,014) and Investment in fixed assets (net) (-€11,727)
- Receivables within one year -€787
down €787 (-3.5%), from €22,262 to €21,475
of which Trade receivables: -€8,471
- Deferred charges and accrued income -€682
down €682 (-45.7%), from €1,494 to €811
- Reserves +€18,643
new in 2025: €18,643
- Other debts -€14,014
down €14,014 (-74.8%), from €18,741 to €4,726
- Profit (loss) carried forward -€7,021
no longer reported in 2025 (was €7,021)
- Debts after one year -€6,276
down €6,276 (-59.4%), from €10,568 to €4,292
- Tax, wage and social debts -€3,205
down €3,205 (-56.3%), from €5,694 to €2,489
- Financial charges -€3,046
down €3,046 (-64.4%), from €4,730 to €1,685
- Depreciation -€1,874
down €1,874 (-14.4%), from €13,037 to €11,163
- Taxes +€1,432
up €1,432 (+44.4%), from €3,223 to €4,656
- Gross operating margin +€867
up €867 (+3.0%), from €28,921 to €29,788
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 | €56,546 | €50,494 | -€6,052 | -10.7% |
| Fixed assets | 21/28 | €26,823 | €27,387 | +€564 | +2.1% |
| Tangible fixed assets | 22/27 | €26,823 | €27,387 | +€564 | +2.1% |
| Plant, machinery and equipment | 23 | €4,321 | €13,129 | +€8,808 | +203.8% |
| Furniture and vehicles | 24 | €22,502 | €14,258 | -€8,244 | -36.6% |
| Current assets | 29/58 | €29,723 | €23,107 | -€6,616 | -22.3% |
| Amounts receivable within one year | 40/41 | €22,262 | €21,475 | -€787 | -3.5% |
| Trade receivables | 40 | €15,485 | €7,014 | -€8,471 | -54.7% |
| Other amounts receivable | 41 | €6,777 | €14,461 | +€7,684 | +113.4% |
| Cash at bank and in hand | 54/58 | €5,967 | €821 | -€5,146 | -86.2% |
| Deferred charges and accrued income | 490/1 | €1,494 | €811 | -€682 | -45.7% |
| Total equity and liabilities | 10/49 | €56,546 | €50,494 | -€6,052 | -10.7% |
| Equity | 10/15 | €8,021 | €19,643 | +€11,622 | +144.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €18,643 | +€18,643 | |
| Distributable reserves | 133 | - | €18,643 | +€18,643 | |
| Profit (loss) carried forward | 14 | €7,021 | - | -€7,021 | |
| Amounts payable | 17/49 | €48,525 | €30,851 | -€17,674 | -36.4% |
| Amounts payable after more than one year | 17 | €10,568 | €4,292 | -€6,276 | -59.4% |
| Financial debts | 170/4 | €10,568 | €4,292 | -€6,276 | -59.4% |
| Amounts payable within one year | 42/48 | €37,957 | €26,559 | -€11,398 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €13,366 | €16,218 | +€2,852 | +21.3% |
| Trade debts | 44 | €156 | €3,125 | +€2,969 | +1902.3% |
| Suppliers | 440/4 | €156 | €3,125 | +€2,969 | +1902.3% |
| Taxes, remuneration and social security | 45 | €5,694 | €2,489 | -€3,205 | -56.3% |
| Taxes | 450/3 | €5,694 | €2,489 | -€3,205 | -56.3% |
| Other amounts payable | 47/48 | €18,741 | €4,726 | -€14,014 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,037 | €11,163 | -€1,874 | -14.4% |
| Other operating charges | 640/8 | €909 | €778 | -€132 | -14.5% |
| Gross operating margin | 9900 | €28,921 | €29,788 | +€867 | +3.0% |
| Operating profit (loss) | 9901 | €14,974 | €17,848 | +€2,873 | +19.2% |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €4,730 | €1,685 | -€3,046 | -64.4% |
| Recurring financial charges | 65 | €4,730 | €1,685 | -€3,046 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €10,244 | €16,278 | +€6,034 | +58.9% |
| Income taxes | 67/77 | €3,223 | €4,656 | +€1,432 | +44.4% |
| Profit (loss) for the period | 9904 | €7,021 | €11,622 | +€4,601 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,021 | €11,622 | +€4,601 | +65.5% |
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 5 October 2026 via checked.be.