SHAAN: what changed
Two fiscal 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.
What changed
SHAAN
NACE 46.391, Wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€62,425
2023 · €132,143-€69,718
Equity
€2.4m
2023 · €2.3m+€57,625
Cash
€216,418
2023 · €324,371-€107,953
Balance sheet total
€6.3m
2023 · €7.1m-€731,765
Largest movements
Assets
- Receivables within one year -€515,461
down €515,461 (-44.6%), from €1.2m to €639,694
of which Trade receivables: -€517,515
- Stocks and contracts -€250,433
down €250,433 (-6.8%), from €3.7m to €3.4m
- Tangible fixed assets +€122,612
up €122,612 (+7.4%), from €1.7m to €1.8m
of which Land and buildings: +€272,384
- Cash -€107,953
down €107,953 (-33.3%), from €324,371 to €216,418
mainly Trade debts (-€1.3m) and Investment in fixed assets (net) (-€287,241)
Equity and liabilities
- Reserves +€2.4m
up €2.4m (+36184.8%), from €6,542 to €2.4m
of which Distributable reserves: +€2.4m
- Profit (loss) carried forward -€2.3m
down €2.3m (-100.0%), from €2.3m to €0
- Trade debts -€1.3m
down €1.3m (-64.1%), from €2.1m to €736,906
- Short-term financial debts +€498,488
up €498,488 (+49.8%), from €1.0m to €1.5m
- Tax, wage and social debts +€71,791
up €71,791 (+23.5%), from €305,970 to €377,761
of which Taxes: +€65,854
Income statement
- Turnover -€1.7m
down €1.7m (-15.1%), from €11.0m to €9.4m
- Goods and materials -€1.6m
down €1.6m (-17.9%), from €8.8m to €7.2m
of which Purchases: -€2.0m
From the 2023 result to the 2024 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.
Result 2023
€132,143
Turnover
-€1.7m
Other operating income
+€64,073
Goods and materials
+€1.6m
Services and other goods
+€27,807
Staff costs
+€82,686
Depreciation
+€8,746
Other operating charges
+€29,568
Other operating items
-€5,000
Financial income
-€62,441
Financial charges
-€105,547
Taxes
-€14,340
Result 2024
€62,425
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€263,926
Investment
-€287,241
Financing
+€443,214
Cash 2023
€324,371
From operations (derived)
-€263,926
Net result for the year
+€62,425
Depreciation
+€164,630
Stocks and contracts
+€250,433
Receivables within one year
+€515,461
Deferred charges and accrued income
-€19,471
Trade debts
-€1.3m
Tax, wage and social debts
+€71,791
Other debts
+€8,115
Investment (derived)
-€287,241
Investment in fixed assets (net)
-€287,241
Financing
+€443,214
Debts after one year
+€6,763
Current portion of long-term debt
-€57,237
Short-term financial debts
+€498,488
Contributions, distributions and other
-€4,800
Cash 2024
€216,418
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,074,186 | €6,342,420 | -€731,765 | -10.3% |
| Formation expenses | 20 | €224,000 | €224,000 | = | 0.0% |
| Fixed assets | 21/28 | €1,682,226 | €1,804,837 | +€122,612 | +7.3% |
| Tangible fixed assets | 22/27 | €1,655,545 | €1,778,156 | +€122,612 | +7.4% |
| Land and buildings | 22 | €827,972 | €1,100,356 | +€272,384 | +32.9% |
| Plant, machinery and equipment | 23 | €544,460 | €430,039 | -€114,421 | -21.0% |
| Furniture and vehicles | 24 | €283,112 | €247,761 | -€35,351 | -12.5% |
| Financial fixed assets | 28 | €26,681 | €26,681 | = | 0.0% |
| Other financial fixed assets | 284/8 | €26,681 | €26,681 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €26,681 | €26,681 | = | 0.0% |
| Current assets | 29/58 | €5,167,960 | €4,313,583 | -€854,377 | -16.5% |
| Stocks and contracts in progress | 3 | €3,688,433 | €3,438,000 | -€250,433 | -6.8% |
| Stocks | 30/36 | €3,688,433 | €3,438,000 | -€250,433 | -6.8% |
| Goods purchased for resale | 34 | €3,688,433 | €3,438,000 | -€250,433 | -6.8% |
| Amounts receivable within one year | 40/41 | €1,155,155 | €639,694 | -€515,461 | -44.6% |
| Trade receivables | 40 | €1,010,834 | €493,319 | -€517,515 | -51.2% |
| Other amounts receivable | 41 | €144,321 | €146,375 | +€2,054 | +1.4% |
| Cash at bank and in hand | 54/58 | €324,371 | €216,418 | -€107,953 | -33.3% |
| Deferred charges and accrued income | 490/1 | - | €19,471 | +€19,471 | |
| Total equity and liabilities | 10/49 | €7,074,186 | €6,342,420 | -€731,765 | -10.3% |
| Equity | 10/15 | €2,334,577 | €2,392,201 | +€57,625 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,542 | €2,373,601 | +€2.4m | +36184.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,682 | €2,371,742 | +€2.4m | +50559.8% |
| Profit (loss) carried forward | 14 | €2,309,435 | €0 | -€2.3m | -100.0% |
| Amounts payable | 17/49 | €4,739,609 | €3,950,219 | -€789,390 | -16.7% |
| Amounts payable after more than one year | 17 | €905,901 | €912,664 | +€6,763 | +0.7% |
| Financial debts | 170/4 | €905,901 | €912,664 | +€6,763 | +0.7% |
| Leasing and similar obligations | 172 | €156,613 | €392,500 | +€235,886 | +150.6% |
| Credit institutions | 173 | €749,288 | €520,164 | -€229,123 | -30.6% |
| Amounts payable within one year | 42/48 | €3,758,978 | €2,962,824 | -€796,153 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €391,882 | €334,645 | -€57,237 | -14.6% |
| Financial debts | 43 | €1,000,000 | €1,498,488 | +€498,488 | +49.8% |
| Credit institutions | 430/8 | €1,000,000 | €1,498,488 | +€498,488 | +49.8% |
| Trade debts | 44 | €2,054,217 | €736,906 | -€1.3m | -64.1% |
| Suppliers | 440/4 | €2,054,217 | €736,906 | -€1.3m | -64.1% |
| Taxes, remuneration and social security | 45 | €305,970 | €377,761 | +€71,791 | +23.5% |
| Taxes | 450/3 | €207,859 | €273,713 | +€65,854 | +31.7% |
| Remuneration and social security | 454/9 | €98,112 | €104,048 | +€5,937 | +6.1% |
| Other amounts payable | 47/48 | €6,909 | €15,024 | +€8,115 | +117.5% |
| Accrued charges and deferred income | 492/3 | €74,730 | €74,730 | = | 0.0% |
| Operating income | 70/76A | €11,105,475 | €9,492,705 | -€1.6m | -14.5% |
| Turnover | 70 | €11,042,627 | €9,370,783 | -€1.7m | -15.1% |
| Other operating income | 74 | €57,849 | €121,922 | +€64,073 | +110.8% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Operating charges | 60/66A | €10,890,431 | €9,165,050 | -€1.7m | -15.8% |
| Goods for resale, raw materials and consumables | 60 | €8,813,680 | €7,237,107 | -€1.6m | -17.9% |
| Purchases | 600/8 | €9,009,660 | €6,986,674 | -€2.0m | -22.5% |
| Change in stocks: decrease (increase) | 609 | -€195,980 | €250,433 | +€446,413 | |
| Services and other goods | 61 | €1,241,560 | €1,213,753 | -€27,807 | -2.2% |
| Remuneration, social security and pensions | 62 | €549,014 | €466,328 | -€82,686 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,376 | €164,630 | -€8,746 | -5.0% |
| Other operating charges | 640/8 | €112,801 | €83,233 | -€29,568 | -26.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €215,044 | €327,654 | +€112,610 | +52.4% |
| Financial income | 75/76B | €72,766 | €10,324 | -€62,441 | -85.8% |
| Recurring financial income | 75 | €72,766 | €10,324 | -€62,441 | -85.8% |
| Income from current assets | 751 | €5 | €10,324 | +€10,319 | +205158.1% |
| Other financial income | 752/9 | €72,761 | €0 | -€72,761 | -100.0% |
| Financial charges | 65/66B | €114,729 | €220,276 | +€105,547 | +92.0% |
| Recurring financial charges | 65 | €114,729 | €220,276 | +€105,547 | +92.0% |
| Debt charges | 650 | €114,702 | €212,795 | +€98,092 | +85.5% |
| Other financial charges | 652/9 | €27 | €7,482 | +€7,455 | +27610.8% |
| Profit (loss) for the period before taxes | 9903 | €173,081 | €117,702 | -€55,379 | -32.0% |
| Income taxes | 67/77 | €40,938 | €55,278 | +€14,340 | +35.0% |
| Taxes | 670/3 | €40,938 | €55,278 | +€14,340 | +35.0% |
| Profit (loss) for the period | 9904 | €132,143 | €62,425 | -€69,718 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €132,143 | €62,425 | -€69,718 | -52.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.