SHABO: 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.
SHABO
Largest movements
- Cash -€11,829
down €11,829 (-20.5%), from €57,674 to €45,845
mainly Other debts (-€109,910) and Trade debts (-€417)
- Other debts -€109,910
down €109,910 (-37.2%), from €295,550 to €185,640
- Profit (loss) carried forward +€98,499
up €98,499 (+511%), from €19,290 to €117,789
- Financial charges +€10,835
up €10,835, from -€10,655 to €180
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.
Derived cash bridge
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 | €829,887 | €818,059 | -€11,829 | -1.4% |
| Fixed assets | 21/28 | €250,000 | €250,000 | = | 0.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Affiliated companies | 280/1 | €250,000 | €250,000 | = | 0.0% |
| Participating interests | 280 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €579,887 | €568,059 | -€11,829 | -2.0% |
| Current investments | 50/53 | €522,214 | €522,214 | = | 0.0% |
| Own shares | 50 | €422,214 | €422,214 | = | 0.0% |
| Other investments | 51/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,674 | €45,845 | -€11,829 | -20.5% |
| Total equity and liabilities | 10/49 | €829,887 | €818,059 | -€11,829 | -1.4% |
| Equity | 10/15 | €533,491 | €631,989 | +€98,499 | +18.5% |
| Contributions | 10/11 | €91,987 | €91,987 | = | 0.0% |
| Reserves | 13 | €422,214 | €422,214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €422,214 | €422,214 | = | 0.0% |
| Own shares acquired | 1312 | €422,214 | €422,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,290 | €117,789 | +€98,499 | +511% |
| Amounts payable | 17/49 | €296,397 | €186,069 | -€110,327 | -37.2% |
| Amounts payable within one year | 42/48 | €296,397 | €186,069 | -€110,327 | -37.2% |
| Trade debts | 44 | €847 | €430 | -€417 | -49.3% |
| Suppliers | 440/4 | €847 | €430 | -€417 | -49.3% |
| Other amounts payable | 47/48 | €295,550 | €185,640 | -€109,910 | -37.2% |
| Operating charges | 60/66A | €1,713 | €1,321 | -€392 | -22.9% |
| Services and other goods | 61 | €847 | €430 | -€417 | -49.3% |
| Other operating charges | 640/8 | €866 | €892 | +€26 | +3.0% |
| Operating profit (loss) | 9901 | -€1,713 | -€1,321 | +€392 | +22.9% |
| Financial income | 75/76B | €100,000 | €100,000 | = | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,000 | = | 0.0% |
| Income from financial fixed assets | 750 | €100,000 | €100,000 | = | 0.0% |
| Financial charges | 65/66B | -€10,655 | €180 | +€10,835 | |
| Recurring financial charges | 65 | -€10,655 | €180 | +€10,835 | |
| Debt charges | 650 | €150 | €180 | +€30 | +20.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€10,805 | - | +€10,805 | |
| Profit (loss) for the period before taxes | 9903 | €108,942 | €98,499 | -€10,443 | -9.6% |
| Profit (loss) for the period | 9904 | €108,942 | €98,499 | -€10,443 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,942 | €98,499 | -€10,443 | -9.6% |
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 29 October 2026 via checked.be.