SHABI: 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.
SHABI
Largest movements
- Cash -€8,301
down €8,301 (-73.5%), from €11,289 to €2,988
mainly Debts after one year (-€97,201) and Tax, wage and social debts (-€38,619)
- Debts after one year -€97,201
down €97,201 (-57.8%), from €168,109 to €70,909
- Other debts +€74,776
up €74,776 (+95.3%), from €78,469 to €153,245
- Profit (loss) carried forward +€56,805
up €56,805 (+23.6%), from €240,440 to €297,245
- Tax, wage and social debts -€38,619
down €38,619 (-54.3%), from €71,142 to €32,522
of which Taxes: -€36,719
- Trade debts -€7,193
down €7,193 (-76.6%), from €9,390 to €2,197
- Financial income -€29,500
down €29,500 (-69.4%), from €42,500 to €13,000
- Financial charges +€7,226
up €7,226 (+128.6%), from €5,618 to €12,844
- Gross operating margin +€1,899
up €1,899 (+2.5%), from €76,276 to €78,175
- Taxes +€1,898
up €1,898 (+10.8%), from €17,590 to €19,488
- Other operating charges -€1,268
down €1,268 (-45.5%), from €2,788 to €1,520
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 | €711,917 | €703,159 | -€8,759 | -1.2% |
| Fixed assets | 21/28 | €700,628 | €700,110 | -€518 | -0.1% |
| Tangible fixed assets | 22/27 | €628 | €110 | -€518 | -82.4% |
| Furniture and vehicles | 24 | €628 | €110 | -€518 | -82.4% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €11,289 | €3,048 | -€8,241 | -73.0% |
| Amounts receivable within one year | 40/41 | - | €60 | +€60 | |
| Trade receivables | 40 | - | €60 | +€60 | |
| Cash at bank and in hand | 54/58 | €11,289 | €2,988 | -€8,301 | -73.5% |
| Total equity and liabilities | 10/49 | €711,917 | €703,159 | -€8,759 | -1.2% |
| Equity | 10/15 | €260,900 | €317,705 | +€56,805 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,440 | €297,245 | +€56,805 | +23.6% |
| Amounts payable | 17/49 | €451,017 | €385,454 | -€65,564 | -14.5% |
| Amounts payable after more than one year | 17 | €168,109 | €70,909 | -€97,201 | -57.8% |
| Financial debts | 170/4 | €168,109 | €70,909 | -€97,201 | -57.8% |
| Amounts payable within one year | 42/48 | €282,908 | €314,131 | +€31,223 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €123,907 | €126,167 | +€2,259 | +1.8% |
| Trade debts | 44 | €9,390 | €2,197 | -€7,193 | -76.6% |
| Suppliers | 440/4 | €9,390 | €2,197 | -€7,193 | -76.6% |
| Taxes, remuneration and social security | 45 | €71,142 | €32,522 | -€38,619 | -54.3% |
| Taxes | 450/3 | €56,142 | €19,422 | -€36,719 | -65.4% |
| Remuneration and social security | 454/9 | €15,000 | €13,100 | -€1,900 | -12.7% |
| Other amounts payable | 47/48 | €78,469 | €153,245 | +€74,776 | +95.3% |
| Accrued charges and deferred income | 492/3 | - | €415 | +€415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €518 | -€173 | -25.0% |
| Other operating charges | 640/8 | €2,788 | €1,520 | -€1,268 | -45.5% |
| Gross operating margin | 9900 | €76,276 | €78,175 | +€1,899 | +2.5% |
| Operating profit (loss) | 9901 | €72,797 | €76,137 | +€3,340 | +4.6% |
| Financial income | 75/76B | €42,500 | €13,000 | -€29,500 | -69.4% |
| Recurring financial income | 75 | €42,500 | €13,000 | -€29,500 | -69.4% |
| Financial charges | 65/66B | €5,618 | €12,844 | +€7,226 | +128.6% |
| Recurring financial charges | 65 | €5,618 | €12,844 | +€7,226 | +128.6% |
| Profit (loss) for the period before taxes | 9903 | €109,679 | €76,293 | -€33,386 | -30.4% |
| Income taxes | 67/77 | €17,590 | €19,488 | +€1,898 | +10.8% |
| Profit (loss) for the period | 9904 | €92,089 | €56,805 | -€35,285 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,089 | €56,805 | -€35,285 | -38.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.