S.H.A.X.: what changed
What changed
S.H.A.X.
NACE 56.301, Cafés and bars
filed annual accounts (NBB)
Net result for the year
€8,681
2024 · €41,568-€32,887
Equity
€57,178
2024 · €48,497+€8,681
Cash
€17,954
2024 · €19,189-€1,235
Balance sheet total
€113,847
2024 · €144,261-€30,414
Largest movements
Assets
- Receivables within one year -€10,260
down €10,260 (-80.4%), from €12,756 to €2,496
- Intangible fixed assets -€8,500
down €8,500 (-25.0%), from €34,000 to €25,500
- Tangible fixed assets -€7,539
down €7,539 (-22.0%), from €34,283 to €26,744
of which Plant, machinery and equipment: -€4,111
- Stocks and contracts -€3,131
down €3,131 (-14.4%), from €21,763 to €18,632
Equity and liabilities
- Trade debts -€34,617
down €34,617 (-79.6%), from €43,508 to €8,891
- Current portion of long-term debt +€9,169
new in 2025: €9,169
- Profit (loss) carried forward +€8,681
up €8,681 (+27.9%), from €31,087 to €39,768
- Tax, wage and social debts -€7,097
down €7,097 (-30.2%), from €23,498 to €16,401
of which Taxes: -€3,549
- Other debts -€6,550
down €6,550 (-22.8%), from €28,758 to €22,208
Income statement
- Staff costs +€41,342
up €41,342 (+348%), from €11,874 to €53,216
- Gross operating margin +€7,569
up €7,569 (+8.6%), from €87,946 to €95,515
- Other operating charges -€1,556
down €1,556 (-54.7%), from €2,843 to €1,287
- Taxes +€1,206
up €1,206 (+46.0%), from €2,622 to €3,828
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.
Result 2024
€41,568
Gross operating margin
+€7,569
Staff costs
-€41,342
Depreciation
+€178
Other operating charges
+€1,556
Other operating items
+€352
Financial charges
+€6
Taxes
-€1,206
Result 2025
€8,681
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€9,114
Investment
-€1,290
Financing
+€9,169
Cash 2024
€19,189
From operations (derived)
-€9,114
Net result for the year
+€8,681
Depreciation
+€17,329
Stocks and contracts
+€3,131
Receivables within one year
+€10,260
Deferred charges and accrued income
-€251
Trade debts
-€34,617
Tax, wage and social debts
-€7,097
Other debts
-€6,550
Investment (derived)
-€1,290
Investment in fixed assets (net)
-€1,290
Financing
+€9,169
Current portion of long-term debt
+€9,169
Cash 2025
€17,954
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,261 | €113,847 | -€30,414 | -21.1% |
| Fixed assets | 21/28 | €90,220 | €74,181 | -€16,039 | -17.8% |
| Intangible fixed assets | 21 | €34,000 | €25,500 | -€8,500 | -25.0% |
| Tangible fixed assets | 22/27 | €34,283 | €26,744 | -€7,539 | -22.0% |
| Plant, machinery and equipment | 23 | €20,579 | €16,468 | -€4,111 | -20.0% |
| Furniture and vehicles | 24 | €3,490 | €3,042 | -€448 | -12.8% |
| Other tangible fixed assets | 26 | €10,214 | €7,234 | -€2,980 | -29.2% |
| Financial fixed assets | 28 | €21,937 | €21,937 | = | 0.0% |
| Current assets | 29/58 | €54,041 | €39,666 | -€14,375 | -26.6% |
| Stocks and contracts in progress | 3 | €21,763 | €18,632 | -€3,131 | -14.4% |
| Stocks | 30/36 | €21,763 | €18,632 | -€3,131 | -14.4% |
| Amounts receivable within one year | 40/41 | €12,756 | €2,496 | -€10,260 | -80.4% |
| Trade receivables | 40 | €12,756 | €2,496 | -€10,260 | -80.4% |
| Cash at bank and in hand | 54/58 | €19,189 | €17,954 | -€1,235 | -6.4% |
| Deferred charges and accrued income | 490/1 | €333 | €584 | +€251 | +75.4% |
| Total equity and liabilities | 10/49 | €144,261 | €113,847 | -€30,414 | -21.1% |
| Equity | 10/15 | €48,497 | €57,178 | +€8,681 | +17.9% |
| Contributions | 10/11 | €15,550 | €15,550 | = | 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 | €31,087 | €39,768 | +€8,681 | +27.9% |
| Amounts payable | 17/49 | €95,764 | €56,669 | -€39,095 | -40.8% |
| Amounts payable within one year | 42/48 | €95,764 | €56,669 | -€39,095 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,169 | +€9,169 | |
| Trade debts | 44 | €43,508 | €8,891 | -€34,617 | -79.6% |
| Suppliers | 440/4 | €43,508 | €8,891 | -€34,617 | -79.6% |
| Taxes, remuneration and social security | 45 | €23,498 | €16,401 | -€7,097 | -30.2% |
| Taxes | 450/3 | €15,115 | €11,566 | -€3,549 | -23.5% |
| Remuneration and social security | 454/9 | €8,383 | €4,835 | -€3,548 | -42.3% |
| Other amounts payable | 47/48 | €28,758 | €22,208 | -€6,550 | -22.8% |
| Remuneration, social security and pensions | 62 | €11,874 | €53,216 | +€41,342 | +348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,507 | €17,329 | -€178 | -1.0% |
| Other operating charges | 640/8 | €2,843 | €1,287 | -€1,556 | -54.7% |
| Non-recurring operating charges | 66A | €352 | - | -€352 | |
| Gross operating margin | 9900 | €87,946 | €95,515 | +€7,569 | +8.6% |
| Operating profit (loss) | 9901 | €55,370 | €23,683 | -€31,687 | -57.2% |
| Financial charges | 65/66B | €11,180 | €11,174 | -€6 | -0.1% |
| Recurring financial charges | 65 | €11,180 | €11,174 | -€6 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €44,190 | €12,509 | -€31,681 | -71.7% |
| Income taxes | 67/77 | €2,622 | €3,828 | +€1,206 | +46.0% |
| Profit (loss) for the period | 9904 | €41,568 | €8,681 | -€32,887 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,568 | €8,681 | -€32,887 | -79.1% |
Next steps
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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 8 November 2026 via checked.be.