SHADA: 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.
SHADA
Largest movements
- Receivables within one year +€62,333
up €62,333 (+197%), from €31,695 to €94,028
of which Other amounts receivable: +€38,949
- Cash -€3,256
no longer reported in 2023 (was €3,256)
mainly Receivables within one year (-€62,333) and Debts after one year (-€4,511)
- Current investments +€2,969
new in 2023: €2,969
- Profit (loss) carried forward +€32,083
new in 2023: €32,083
- Trade debts +€21,531
up €21,531 (+110%), from €19,626 to €41,157
of which Suppliers: +€10,870
- Tax, wage and social debts +€11,854
up €11,854 (+486%), from €2,438 to €14,291
of which Taxes: +€10,508
- Debts after one year -€4,511
no longer reported in 2023 (was €4,511)
- Current portion of long-term debt +€1,090
up €1,090 (+32.9%), from €3,313 to €4,403
- Turnover +€120,117
up €120,117 (+153%), from €78,480 to €198,597
- Purchases and services +€68,768
up €68,768 (+180%), from €38,139 to €106,907
- Gross operating margin +€40,919
up €40,919 (+98.0%), from €41,771 to €82,690
- Staff costs +€12,840
up €12,840 (+50.3%), from €25,535 to €38,375
- Financial charges -€10,499
down €10,499 (-97.6%), from €10,760 to €261
of which Non-recurring financial charges: -€10,044
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,951 | €96,997 | +€62,046 | +178% |
| Current assets | 29/58 | €34,951 | €96,997 | +€62,046 | +178% |
| Amounts receivable within one year | 40/41 | €31,695 | €94,028 | +€62,333 | +197% |
| Trade receivables | 40 | €13,785 | €37,168 | +€23,384 | +170% |
| Other amounts receivable | 41 | €17,910 | €56,860 | +€38,949 | +217% |
| Current investments | 50/53 | - | €2,969 | +€2,969 | |
| Cash at bank and in hand | 54/58 | €3,256 | - | -€3,256 | |
| Total equity and liabilities | 10/49 | €34,951 | €96,997 | +€62,046 | +178% |
| Equity | 10/15 | €5,063 | €37,146 | +€32,083 | +634% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €3,563 | €3,563 | = | 0.0% |
| Distributable reserves | 133 | €3,563 | €3,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €32,083 | +€32,083 | |
| Amounts payable | 17/49 | €29,888 | €59,851 | +€29,964 | +100% |
| Amounts payable after more than one year | 17 | €4,511 | - | -€4,511 | |
| Financial debts | 170/4 | €4,511 | - | -€4,511 | |
| Amounts payable within one year | 42/48 | €25,376 | €59,851 | +€34,475 | +136% |
| Current portion of amounts payable after more than one year | 42 | €3,313 | €4,403 | +€1,090 | +32.9% |
| Trade debts | 44 | €19,626 | €41,157 | +€21,531 | +110% |
| Suppliers | 440/4 | €19,626 | €30,496 | +€10,870 | +55.4% |
| Bills of exchange payable | 441 | - | €10,661 | +€10,661 | |
| Taxes, remuneration and social security | 45 | €2,438 | €14,291 | +€11,854 | +486% |
| Taxes | 450/3 | €1,866 | €12,373 | +€10,508 | +563% |
| Remuneration and social security | 454/9 | €572 | €1,918 | +€1,346 | +235% |
| Turnover | 70 | €78,480 | €198,597 | +€120,117 | +153% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,139 | €106,907 | +€68,768 | +180% |
| Remuneration, social security and pensions | 62 | €25,535 | €38,375 | +€12,840 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €610 | +€610 | |
| Other operating charges | 640/8 | €292 | €437 | +€145 | +49.8% |
| Gross operating margin | 9900 | €41,771 | €82,690 | +€40,919 | +98.0% |
| Operating profit (loss) | 9901 | €15,944 | €43,268 | +€27,324 | +171% |
| Financial charges | 65/66B | €10,760 | €261 | -€10,499 | -97.6% |
| Recurring financial charges | 65 | €716 | €261 | -€455 | -63.5% |
| Non-recurring financial charges | 66B | €10,044 | - | -€10,044 | |
| Profit (loss) for the period before taxes | 9903 | €5,184 | €43,007 | +€37,823 | +730% |
| Income taxes | 67/77 | €1,621 | €10,924 | +€9,303 | +574% |
| Profit (loss) for the period | 9904 | €3,563 | €32,083 | +€28,520 | +800% |
| Profit (loss) for the period to be appropriated | 9905 | €3,563 | €32,083 | +€28,520 | +800% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.