EL SHAKE: 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.
EL SHAKE
Largest movements
- Tangible fixed assets -€49,533
down €49,533 (-18.4%), from €268,869 to €219,336
of which Land and buildings: -€26,880
- Receivables within one year +€3,898
up €3,898 (+183%), from €2,126 to €6,024
of which Trade receivables: +€3,430
- Short-term financial debts -€22,263
no longer reported in 2025 (was €22,263)
- Other debts -€21,847
down €21,847 (-6.9%), from €314,947 to €293,100
- Tax, wage and social debts +€4,452
new in 2025: €4,452
- Current portion of long-term debt -€3,686
no longer reported in 2025 (was €3,686)
- Purchases and services -€15,626
no longer reported in 2025 (was €15,626)
- Gross operating margin +€13,629
up €13,629 (+131%), from €10,371 to €24,000
- Depreciation -€11,846
down €11,846 (-46.8%), from €25,339 to €13,493
- Other operating charges -€2,525
no longer reported in 2025 (was €2,525)
- Turnover -€1,997
down €1,997 (-7.7%), from €25,997 to €24,000
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,995 | €225,833 | -€45,162 | -16.7% |
| Fixed assets | 21/28 | €268,869 | €219,336 | -€49,533 | -18.4% |
| Tangible fixed assets | 22/27 | €268,869 | €219,336 | -€49,533 | -18.4% |
| Land and buildings | 22 | €246,172 | €219,292 | -€26,880 | -10.9% |
| Plant, machinery and equipment | 23 | €1,297 | €44 | -€1,253 | -96.6% |
| Furniture and vehicles | 24 | €21,400 | - | -€21,400 | |
| Current assets | 29/58 | €2,126 | €6,497 | +€4,371 | +206% |
| Amounts receivable within one year | 40/41 | €2,126 | €6,024 | +€3,898 | +183% |
| Trade receivables | 40 | - | €3,430 | +€3,430 | |
| Other amounts receivable | 41 | €2,126 | €2,594 | +€468 | +22.0% |
| Cash at bank and in hand | 54/58 | - | €473 | +€473 | |
| Total equity and liabilities | 10/49 | €270,995 | €225,833 | -€45,162 | -16.7% |
| Equity | 10/15 | -€71,332 | -€72,250 | -€918 | -1.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,442 | -€72,360 | -€918 | -1.3% |
| Amounts payable | 17/49 | €342,327 | €298,083 | -€44,244 | -12.9% |
| Amounts payable after more than one year | 17 | €1,336 | - | -€1,336 | |
| Financial debts | 170/4 | €1,336 | - | -€1,336 | |
| Amounts payable within one year | 42/48 | €340,991 | €298,083 | -€42,908 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €3,686 | - | -€3,686 | |
| Financial debts | 43 | €22,263 | - | -€22,263 | |
| Credit institutions | 430/8 | €22,263 | - | -€22,263 | |
| Trade debts | 44 | €95 | €531 | +€436 | +459% |
| Suppliers | 440/4 | €95 | €531 | +€436 | +459% |
| Taxes, remuneration and social security | 45 | - | €4,452 | +€4,452 | |
| Taxes | 450/3 | - | €4,452 | +€4,452 | |
| Other amounts payable | 47/48 | €314,947 | €293,100 | -€21,847 | -6.9% |
| Turnover | 70 | €25,997 | €24,000 | -€1,997 | -7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,626 | - | -€15,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,339 | €13,493 | -€11,846 | -46.8% |
| Other operating charges | 640/8 | €2,525 | - | -€2,525 | |
| Gross operating margin | 9900 | €10,371 | €24,000 | +€13,629 | +131% |
| Operating profit (loss) | 9901 | -€17,493 | €10,507 | +€28,000 | |
| Financial charges | 65/66B | €91 | - | -€91 | |
| Recurring financial charges | 65 | €91 | - | -€91 | |
| Profit (loss) for the period before taxes | 9903 | -€17,584 | €10,507 | +€28,091 | |
| Profit (loss) for the period | 9904 | -€17,584 | €10,507 | +€28,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,584 | €10,507 | +€28,091 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.