CITY SHAW: 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.
CITY SHAW
Largest movements
- Cash -€12,980
down €12,980 (-74.8%), from €17,365 to €4,384
mainly Other debts (-€15,000) and Net result for the year (-€7,131)
- Receivables within one year -€8,521
down €8,521 (-88.6%), from €9,618 to €1,097
of which Other amounts receivable: -€8,228
- Tangible fixed assets -€1,197
down €1,197 (-40.0%), from €2,993 to €1,796
- Stocks and contracts -€565
down €565 (-13.1%), from €4,316 to €3,750
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward -€7,131
down €7,131 (-25.9%), from -€27,554 to -€34,685
- Tax, wage and social debts -€1,089
down €1,089 (-76.6%), from €1,420 to €332
of which Remuneration and social security: -€1,137
- Gross operating margin -€13,248
down €13,248 (-59.5%), from €22,258 to €9,010
- Staff costs -€8,719
down €8,719 (-38.9%), from €22,441 to €13,722
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 | €35,757 | €12,379 | -€23,377 | -65.4% |
| Fixed assets | 21/28 | €3,379 | €2,182 | -€1,197 | -35.4% |
| Tangible fixed assets | 22/27 | €2,993 | €1,796 | -€1,197 | -40.0% |
| Furniture and vehicles | 24 | €2,993 | €1,796 | -€1,197 | -40.0% |
| Financial fixed assets | 28 | €387 | €387 | = | 0.0% |
| Current assets | 29/58 | €32,378 | €10,197 | -€22,180 | -68.5% |
| Stocks and contracts in progress | 3 | €4,316 | €3,750 | -€565 | -13.1% |
| Stocks | 30/36 | €4,316 | €3,750 | -€565 | -13.1% |
| Amounts receivable within one year | 40/41 | €9,618 | €1,097 | -€8,521 | -88.6% |
| Trade receivables | 40 | €292 | - | -€292 | |
| Other amounts receivable | 41 | €9,326 | €1,097 | -€8,228 | -88.2% |
| Cash at bank and in hand | 54/58 | €17,365 | €4,384 | -€12,980 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,080 | €966 | -€114 | -10.6% |
| Total equity and liabilities | 10/49 | €35,757 | €12,379 | -€23,377 | -65.4% |
| Equity | 10/15 | -€8,954 | -€16,085 | -€7,131 | -79.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,554 | -€34,685 | -€7,131 | -25.9% |
| Amounts payable | 17/49 | €44,711 | €28,464 | -€16,246 | -36.3% |
| Amounts payable within one year | 42/48 | €44,711 | €28,464 | -€16,246 | -36.3% |
| Trade debts | 44 | €28,290 | €28,133 | -€158 | -0.6% |
| Suppliers | 440/4 | €28,290 | €28,133 | -€158 | -0.6% |
| Taxes, remuneration and social security | 45 | €1,420 | €332 | -€1,089 | -76.6% |
| Taxes | 450/3 | €155 | €204 | +€49 | +31.2% |
| Remuneration and social security | 454/9 | €1,265 | €128 | -€1,137 | -89.9% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €22,441 | €13,722 | -€8,719 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,326 | €1,197 | -€129 | -9.8% |
| Other operating charges | 640/8 | €615 | €613 | -€2 | -0.3% |
| Gross operating margin | 9900 | €22,258 | €9,010 | -€13,248 | -59.5% |
| Operating profit (loss) | 9901 | -€2,124 | -€6,522 | -€4,398 | -207% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €689 | €610 | -€80 | -11.6% |
| Recurring financial charges | 65 | €689 | €610 | -€80 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,814 | -€7,131 | -€4,317 | -153% |
| Profit (loss) for the period | 9904 | -€2,814 | -€7,131 | -€4,317 | -153% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,814 | -€7,131 | -€4,317 | -153% |
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 28 October 2026 via checked.be.