SHABA PROPERTIES: 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.
SHABA PROPERTIES
Largest movements
- Cash +€221,807
up €221,807 (+4934.6%), from €4,495 to €226,302
mainly Debts after one year (+€411,149) and Depreciation (+€19,924)
- Tangible fixed assets -€19,924
down €19,924 (-3.1%), from €646,903 to €626,979
- Debts after one year +€411,149
up €411,149 (+88.9%), from €462,586 to €873,735
of which Other amounts payable: +€428,000
- Contributions -€221,072
down €221,072 (-97.8%), from €226,072 to €5,000
- Profit (loss) carried forward +€11,720
up €11,720 (+23.2%), from -€50,616 to -€38,896
- Gross operating margin +€42,683
up €42,683 (+305.1%), from €13,990 to €56,673
- Turnover +€36,760
up €36,760 (+163.1%), from €22,540 to €59,300
- Depreciation -€10,296
down €10,296 (-34.1%), from €30,220 to €19,924
- Financial charges -€9,315
down €9,315 (-28.2%), from €32,990 to €23,675
- Purchases and services -€5,923
down €5,923 (-69.3%), from €8,550 to €2,627
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.
Cash bridge derived
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 | €655,338 | €859,221 | +€203,883 | +31.1% |
| Fixed assets | 21/28 | €646,903 | €626,979 | -€19,924 | -3.1% |
| Tangible fixed assets | 22/27 | €646,903 | €626,979 | -€19,924 | -3.1% |
| Land and buildings | 22 | €646,903 | €626,979 | -€19,924 | -3.1% |
| Current assets | 29/58 | €8,435 | €232,242 | +€223,807 | +2653.3% |
| Amounts receivable within one year | 40/41 | €3,940 | €5,940 | +€2,000 | +50.8% |
| Other amounts receivable | 41 | €3,940 | €5,940 | +€2,000 | +50.8% |
| Cash at bank and in hand | 54/58 | €4,495 | €226,302 | +€221,807 | +4934.6% |
| Total equity and liabilities | 10/49 | €655,338 | €859,221 | +€203,883 | +31.1% |
| Equity | 10/15 | €175,456 | -€33,896 | -€209,353 | |
| Contributions | 10/11 | €226,072 | €5,000 | -€221,072 | -97.8% |
| Profit (loss) carried forward | 14 | -€50,616 | -€38,896 | +€11,720 | +23.2% |
| Amounts payable | 17/49 | €479,882 | €893,117 | +€413,236 | +86.1% |
| Amounts payable after more than one year | 17 | €462,586 | €873,735 | +€411,149 | +88.9% |
| Financial debts | 170/4 | €462,586 | €445,735 | -€16,851 | -3.6% |
| Other amounts payable | 178/9 | - | €428,000 | +€428,000 | |
| Amounts payable within one year | 42/48 | €17,296 | €19,382 | +€2,086 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €16,031 | €16,851 | +€820 | +5.1% |
| Trade debts | 44 | €1,265 | €71 | -€1,194 | -94.4% |
| Suppliers | 440/4 | €1,265 | €71 | -€1,194 | -94.4% |
| Other amounts payable | 47/48 | - | €2,460 | +€2,460 | |
| Turnover | 70 | €22,540 | €59,300 | +€36,760 | +163.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,550 | €2,627 | -€5,923 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,220 | €19,924 | -€10,296 | -34.1% |
| Other operating charges | 640/8 | €1,395 | €1,354 | -€41 | -2.9% |
| Gross operating margin | 9900 | €13,990 | €56,673 | +€42,683 | +305.1% |
| Operating profit (loss) | 9901 | -€17,626 | €35,395 | +€53,020 | |
| Financial charges | 65/66B | €32,990 | €23,675 | -€9,315 | -28.2% |
| Recurring financial charges | 65 | €32,990 | €23,675 | -€9,315 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,616 | €11,720 | +€62,336 | |
| Profit (loss) for the period | 9904 | -€50,616 | €11,720 | +€62,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,616 | €11,720 | +€62,336 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.