SHADIE: 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.
SHADIE
Largest movements
- Cash -€6,148
down €6,148 (-24.3%), from €25,276 to €19,128
mainly Contributions, distributions and other (-€9,108) and Tax, wage and social debts (-€5,064)
- Tax, wage and social debts -€5,064
down €5,064 (-86.6%), from €5,848 to €784
- Other debts -€2,909
down €2,909 (-23.4%), from €12,434 to €9,525
- Trade debts +€1,788
up €1,788 (+237%), from €753 to €2,541
- Gross operating margin -€11,677
down €11,677 (-47.6%), from €24,517 to €12,840
- Taxes -€3,623
down €3,623 (-54.5%), from €6,643 to €3,021
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 | €27,096 | €20,911 | -€6,185 | -22.8% |
| Current assets | 29/58 | €27,096 | €20,911 | -€6,185 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,819 | €1,783 | -€37 | -2.0% |
| Other amounts receivable | 41 | €1,819 | €1,783 | -€37 | -2.0% |
| Cash at bank and in hand | 54/58 | €25,276 | €19,128 | -€6,148 | -24.3% |
| Total equity and liabilities | 10/49 | €27,096 | €20,911 | -€6,185 | -22.8% |
| Equity | 10/15 | €8,060 | €8,060 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €19,036 | €12,851 | -€6,185 | -32.5% |
| Amounts payable within one year | 42/48 | €19,036 | €12,851 | -€6,185 | -32.5% |
| Trade debts | 44 | €753 | €2,541 | +€1,788 | +237% |
| Suppliers | 440/4 | €753 | €2,541 | +€1,788 | +237% |
| Taxes, remuneration and social security | 45 | €5,848 | €784 | -€5,064 | -86.6% |
| Taxes | 450/3 | €5,848 | €784 | -€5,064 | -86.6% |
| Other amounts payable | 47/48 | €12,434 | €9,525 | -€2,909 | -23.4% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €24,517 | €12,840 | -€11,677 | -47.6% |
| Operating profit (loss) | 9901 | €23,989 | €12,296 | -€11,693 | -48.7% |
| Financial charges | 65/66B | €179 | €168 | -€12 | -6.6% |
| Recurring financial charges | 65 | €179 | €168 | -€12 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €23,810 | €12,128 | -€11,681 | -49.1% |
| Income taxes | 67/77 | €6,643 | €3,021 | -€3,623 | -54.5% |
| Profit (loss) for the period | 9904 | €17,167 | €9,108 | -€8,059 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,167 | €9,108 | -€8,059 | -46.9% |
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 23 October 2026 via checked.be.