SHINING MOON: 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.
SHINING MOON
Largest movements
- Tangible fixed assets +€4,264
new in 2025: €4,264
- Stocks and contracts -€1,637
down €1,637 (-4.5%), from €36,474 to €34,837
- Cash +€974
up €974 (+9.5%), from €10,306 to €11,281
mainly Net result for the year (+€2,545) and Stocks and contracts (+€1,637)
- Receivables within one year +€667
up €667 (+35.4%), from €1,886 to €2,553
of which Trade receivables: +€1,353
- Profit (loss) carried forward +€2,545
up €2,545 (+8.0%), from €31,846 to €34,391
- Short-term financial debts +€1,577
new in 2025: €1,577
- Tax, wage and social debts -€1,117
down €1,117 (-13.1%), from €8,552 to €7,435
of which Taxes: -€3,593
- Trade debts +€1,062
up €1,062 (+258%), from €411 to €1,472
- Turnover -€88,868
down €88,868 (-18.6%), from €478,994 to €390,126
- Purchases and services -€86,002
down €86,002 (-18.1%), from €474,107 to €388,106
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 | €48,868 | €52,935 | +€4,067 | +8.3% |
| Fixed assets | 21/28 | - | €4,264 | +€4,264 | |
| Tangible fixed assets | 22/27 | - | €4,264 | +€4,264 | |
| Furniture and vehicles | 24 | - | €4,264 | +€4,264 | |
| Current assets | 29/58 | €48,868 | €48,671 | -€197 | -0.4% |
| Stocks and contracts in progress | 3 | €36,474 | €34,837 | -€1,637 | -4.5% |
| Stocks | 30/36 | €36,474 | €34,837 | -€1,637 | -4.5% |
| Amounts receivable within one year | 40/41 | €1,886 | €2,553 | +€667 | +35.4% |
| Trade receivables | 40 | €1,200 | €2,553 | +€1,353 | +113% |
| Other amounts receivable | 41 | €686 | - | -€686 | |
| Cash at bank and in hand | 54/58 | €10,306 | €11,281 | +€974 | +9.5% |
| Deferred charges and accrued income | 490/1 | €201 | - | -€201 | |
| Total equity and liabilities | 10/49 | €48,868 | €52,935 | +€4,067 | +8.3% |
| Equity | 10/15 | €39,906 | €42,451 | +€2,545 | +6.4% |
| 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 | €31,846 | €34,391 | +€2,545 | +8.0% |
| Amounts payable | 17/49 | €8,963 | €10,484 | +€1,522 | +17.0% |
| Amounts payable within one year | 42/48 | €8,963 | €10,484 | +€1,522 | +17.0% |
| Financial debts | 43 | - | €1,577 | +€1,577 | |
| Credit institutions | 430/8 | - | €1,577 | +€1,577 | |
| Trade debts | 44 | €411 | €1,472 | +€1,062 | +258% |
| Suppliers | 440/4 | €411 | €1,472 | +€1,062 | +258% |
| Taxes, remuneration and social security | 45 | €8,552 | €7,435 | -€1,117 | -13.1% |
| Taxes | 450/3 | €6,977 | €3,384 | -€3,593 | -51.5% |
| Remuneration and social security | 454/9 | €1,575 | €4,052 | +€2,477 | +157% |
| Turnover | 70 | €478,994 | €390,126 | -€88,868 | -18.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €474,107 | €388,106 | -€86,002 | -18.1% |
| Remuneration, social security and pensions | 62 | - | €510 | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4 | +€4 | |
| Other operating charges | 640/8 | €1,427 | €1,574 | +€147 | +10.3% |
| Non-recurring operating charges | 66A | €2,645 | - | -€2,645 | |
| Gross operating margin | 9900 | €9,213 | €6,529 | -€2,684 | -29.1% |
| Operating profit (loss) | 9901 | €5,141 | €4,441 | -€700 | -13.6% |
| Financial charges | 65/66B | €2,554 | €2,267 | -€287 | -11.2% |
| Recurring financial charges | 65 | €2,554 | €2,267 | -€287 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €2,587 | €2,174 | -€413 | -16.0% |
| Income taxes | 67/77 | €2,052 | -€372 | -€2,424 | |
| Profit (loss) for the period | 9904 | €534 | €2,545 | +€2,011 | +376% |
| Profit (loss) for the period to be appropriated | 9905 | €534 | €2,545 | +€2,011 | +376% |
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 23 October 2026 via checked.be.