Beheer Shamrock: 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.
Beheer Shamrock
Largest movements
- Tangible fixed assets -€79,767
down €79,767 (-36.8%), from €216,831 to €137,064
of which Furniture and vehicles: -€68,478
- Cash -€46,667
down €46,667 (-4.0%), from €1.2m to €1.1m
mainly Debts after one year (-€97,272) and Tax, wage and social debts (-€62,368)
- Receivables within one year -€20,614
down €20,614 (-22.8%), from €90,550 to €69,936
of which Trade receivables: -€57,334
- Debts after one year -€97,272
down €97,272 (-24.5%), from €397,194 to €299,922
- Tax, wage and social debts -€62,368
down €62,368 (-51.9%), from €120,202 to €57,834
of which Taxes: -€46,975
- Trade debts +€16,895
up €16,895 (+29.6%), from €57,089 to €73,983
- Gross operating margin -€378,816
down €378,816 (-25.2%), from €1.5m to €1.1m
- Taxes -€51,949
down €51,949 (-56.3%), from €92,323 to €40,374
- Financial charges -€25,251
down €25,251 (-46.4%), from €54,431 to €29,180
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 | €1,543,113 | €1,406,173 | -€136,940 | -8.9% |
| Fixed assets | 21/28 | €273,563 | €193,796 | -€79,767 | -29.2% |
| Tangible fixed assets | 22/27 | €216,831 | €137,064 | -€79,767 | -36.8% |
| Plant, machinery and equipment | 23 | €55,719 | €44,430 | -€11,289 | -20.3% |
| Furniture and vehicles | 24 | €161,112 | €92,634 | -€68,478 | -42.5% |
| Financial fixed assets | 28 | €56,732 | €56,732 | = | 0.0% |
| Current assets | 29/58 | €1,269,550 | €1,212,377 | -€57,173 | -4.5% |
| Amounts receivable within one year | 40/41 | €90,550 | €69,936 | -€20,614 | -22.8% |
| Trade receivables | 40 | €57,334 | - | -€57,334 | |
| Other amounts receivable | 41 | €33,216 | €69,936 | +€36,720 | +111% |
| Cash at bank and in hand | 54/58 | €1,177,031 | €1,130,364 | -€46,667 | -4.0% |
| Deferred charges and accrued income | 490/1 | €1,969 | €12,077 | +€10,108 | +513% |
| Total equity and liabilities | 10/49 | €1,543,113 | €1,406,173 | -€136,940 | -8.9% |
| Equity | 10/15 | €871,357 | €877,162 | +€5,805 | +0.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €623,463 | €629,268 | +€5,805 | +0.9% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €598,674 | €604,479 | +€5,805 | +1.0% |
| Amounts payable | 17/49 | €671,757 | €529,011 | -€142,746 | -21.2% |
| Amounts payable after more than one year | 17 | €397,194 | €299,922 | -€97,272 | -24.5% |
| Financial debts | 170/4 | €397,194 | €299,922 | -€97,272 | -24.5% |
| Amounts payable within one year | 42/48 | €274,563 | €229,089 | -€45,474 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €97,272 | €97,272 | = | 0.0% |
| Trade debts | 44 | €57,089 | €73,983 | +€16,895 | +29.6% |
| Suppliers | 440/4 | €57,089 | €73,983 | +€16,895 | +29.6% |
| Taxes, remuneration and social security | 45 | €120,202 | €57,834 | -€62,368 | -51.9% |
| Taxes | 450/3 | €81,569 | €34,594 | -€46,975 | -57.6% |
| Remuneration and social security | 454/9 | €38,633 | €23,240 | -€15,393 | -39.8% |
| Remuneration, social security and pensions | 62 | €937,718 | €950,807 | +€13,089 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,606 | €79,767 | +€1,161 | +1.5% |
| Other operating charges | 640/8 | €28,810 | €20,333 | -€8,477 | -29.4% |
| Gross operating margin | 9900 | €1,501,965 | €1,123,148 | -€378,816 | -25.2% |
| Operating profit (loss) | 9901 | €456,831 | €72,241 | -€384,590 | -84.2% |
| Financial income | 75/76B | €3,577 | €3,118 | -€459 | -12.8% |
| Recurring financial income | 75 | €3,577 | €3,118 | -€459 | -12.8% |
| Financial charges | 65/66B | €54,431 | €29,180 | -€25,251 | -46.4% |
| Recurring financial charges | 65 | €54,431 | €29,180 | -€25,251 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €405,977 | €46,179 | -€359,798 | -88.6% |
| Income taxes | 67/77 | €92,323 | €40,374 | -€51,949 | -56.3% |
| Profit (loss) for the period | 9904 | €313,654 | €5,805 | -€307,849 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €313,654 | €5,805 | -€307,849 | -98.1% |
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.