SHABAN: 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.
SHABAN
Largest movements
- Cash +€14,247
up €14,247 (+103.5%), from €13,771 to €28,018
mainly Net result for the year (+€23,893) and Depreciation (+€9,708)
- Deferred charges and accrued income +€11,530
up €11,530 (+51.4%), from €22,437 to €33,967
- Receivables within one year -€4,750
no longer reported in 2025 (was €4,750)
- Tangible fixed assets -€3,307
down €3,307 (-8.6%), from €38,270 to €34,963
of which Plant, machinery and equipment: -€1,829
- Profit (loss) carried forward +€23,893
up €23,893 (+87.1%), from -€27,431 to -€3,539
- Debts after one year -€5,492
down €5,492 (-24.5%), from €22,435 to €16,943
- Gross operating margin +€46,205
up €46,205 (+123.8%), from €37,330 to €83,535
- Depreciation +€5,052
up €5,052 (+108.5%), from €4,656 to €9,708
- Other operating charges -€4,674
down €4,674 (-79.8%), from €5,856 to €1,182
- Taxes +€3,046
up €3,046 (+1114.8%), from €273 to €3,319
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 | €79,278 | €96,998 | +€17,720 | +22.4% |
| Fixed assets | 21/28 | €38,320 | €35,013 | -€3,307 | -8.6% |
| Tangible fixed assets | 22/27 | €38,270 | €34,963 | -€3,307 | -8.6% |
| Plant, machinery and equipment | 23 | €35,275 | €33,446 | -€1,829 | -5.2% |
| Furniture and vehicles | 24 | €2,995 | €1,517 | -€1,478 | -49.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €40,958 | €61,985 | +€21,027 | +51.3% |
| Amounts receivable within one year | 40/41 | €4,750 | - | -€4,750 | |
| Other amounts receivable | 41 | €4,750 | - | -€4,750 | |
| Cash at bank and in hand | 54/58 | €13,771 | €28,018 | +€14,247 | +103.5% |
| Deferred charges and accrued income | 490/1 | €22,437 | €33,967 | +€11,530 | +51.4% |
| Total equity and liabilities | 10/49 | €79,278 | €96,998 | +€17,720 | +22.4% |
| Equity | 10/15 | €34,220 | €58,113 | +€23,893 | +69.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,252 | €49,252 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,600 | €23,600 | = | 0.0% |
| Distributable reserves | 133 | €25,652 | €25,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,431 | -€3,539 | +€23,893 | +87.1% |
| Amounts payable | 17/49 | €45,057 | €38,884 | -€6,173 | -13.7% |
| Amounts payable after more than one year | 17 | €22,435 | €16,943 | -€5,492 | -24.5% |
| Financial debts | 170/4 | €22,435 | €16,943 | -€5,492 | -24.5% |
| Amounts payable within one year | 42/48 | €22,623 | €21,941 | -€681 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €5,255 | €5,492 | +€237 | +4.5% |
| Trade debts | 44 | €3,962 | €3,731 | -€232 | -5.8% |
| Suppliers | 440/4 | €3,962 | €3,731 | -€232 | -5.8% |
| Taxes, remuneration and social security | 45 | €8,200 | €8,354 | +€154 | +1.9% |
| Taxes | 450/3 | €1,773 | €3,319 | +€1,546 | +87.2% |
| Remuneration and social security | 454/9 | €6,427 | €5,035 | -€1,392 | -21.7% |
| Other amounts payable | 47/48 | €5,205 | €4,365 | -€841 | -16.1% |
| Remuneration, social security and pensions | 62 | €41,620 | €42,199 | +€579 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,656 | €9,708 | +€5,052 | +108.5% |
| Other operating charges | 640/8 | €5,856 | €1,182 | -€4,674 | -79.8% |
| Gross operating margin | 9900 | €37,330 | €83,535 | +€46,205 | +123.8% |
| Operating profit (loss) | 9901 | -€14,801 | €30,446 | +€45,247 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,581 | €3,233 | -€347 | -9.7% |
| Recurring financial charges | 65 | €3,581 | €3,233 | -€347 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,381 | €27,212 | +€45,593 | |
| Income taxes | 67/77 | €273 | €3,319 | +€3,046 | +1114.8% |
| Profit (loss) for the period | 9904 | -€18,654 | €23,893 | +€42,547 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,654 | €23,893 | +€42,547 |
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 8 October 2026 via checked.be.