ABOUT SHOES: what changed
ABOUT SHOES
Largest movements
- Cash +€16,796
up €16,796 (+77.5%), from €21,670 to €38,466
mainly Net result for the year (+€17,258) and Tax, wage and social debts (+€9,328)
- Current investments +€15,000
up €15,000 (+50.0%), from €30,000 to €45,000
- Tangible fixed assets -€4,267
down €4,267 (-30.1%), from €14,200 to €9,932
- Receivables within one year +€1,198
up €1,198 (+13.7%), from €8,722 to €9,920
of which Trade receivables: +€1,208
- Reserves +€17,258
up €17,258 (+37.1%), from €46,482 to €63,739
- Tax, wage and social debts +€9,328
up €9,328 (+111%), from €8,417 to €17,746
of which Taxes: +€6,945
- Other debts +€1,864
new in 2025: €1,864
- Taxes +€2,218
up €2,218 (+25.5%), from €8,711 to €10,929
- Depreciation +€1,946
up €1,946 (+83.8%), from €2,321 to €4,267
- Gross operating margin +€886
up €886 (+2.7%), from €33,034 to €33,920
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,952 | €103,682 | +€28,730 | +38.3% |
| Fixed assets | 21/28 | €14,200 | €9,932 | -€4,267 | -30.1% |
| Tangible fixed assets | 22/27 | €14,200 | €9,932 | -€4,267 | -30.1% |
| Furniture and vehicles | 24 | €14,200 | €9,932 | -€4,267 | -30.1% |
| Current assets | 29/58 | €60,752 | €93,749 | +€32,997 | +54.3% |
| Amounts receivable within one year | 40/41 | €8,722 | €9,920 | +€1,198 | +13.7% |
| Trade receivables | 40 | €8,712 | €9,920 | +€1,208 | +13.9% |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100% |
| Current investments | 50/53 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €21,670 | €38,466 | +€16,796 | +77.5% |
| Deferred charges and accrued income | 490/1 | €360 | €363 | +€3 | +0.8% |
| Total equity and liabilities | 10/49 | €74,952 | €103,682 | +€28,730 | +38.3% |
| Equity | 10/15 | €66,482 | €83,739 | +€17,258 | +26.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,482 | €63,739 | +€17,258 | +37.1% |
| Distributable reserves | 133 | €46,482 | €63,739 | +€17,258 | +37.1% |
| Amounts payable | 17/49 | €8,470 | €19,942 | +€11,472 | +135% |
| Amounts payable within one year | 42/48 | €8,470 | €19,942 | +€11,472 | +135% |
| Trade debts | 44 | €53 | €332 | +€280 | +533% |
| Suppliers | 440/4 | €53 | €332 | +€280 | +533% |
| Taxes, remuneration and social security | 45 | €8,417 | €17,746 | +€9,328 | +111% |
| Taxes | 450/3 | €8,101 | €15,046 | +€6,945 | +85.7% |
| Remuneration and social security | 454/9 | €317 | €2,700 | +€2,384 | +753% |
| Other amounts payable | 47/48 | - | €1,864 | +€1,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,321 | €4,267 | +€1,946 | +83.8% |
| Other operating charges | 640/8 | €912 | €1,185 | +€274 | +30.0% |
| Gross operating margin | 9900 | €33,034 | €33,920 | +€886 | +2.7% |
| Operating profit (loss) | 9901 | €29,801 | €28,467 | -€1,334 | -4.5% |
| Financial charges | 65/66B | €303 | €281 | -€22 | -7.1% |
| Recurring financial charges | 65 | €303 | €281 | -€22 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €29,499 | €28,186 | -€1,312 | -4.4% |
| Income taxes | 67/77 | €8,711 | €10,929 | +€2,218 | +25.5% |
| Profit (loss) for the period | 9904 | €20,788 | €17,258 | -€3,531 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,788 | €17,258 | -€3,531 | -17.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.