SHADIMMO: 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.
SHADIMMO
Largest movements
- Tangible fixed assets -€2,981
down €2,981 (-1.3%), from €231,956 to €228,975
of which Land and buildings: -€6,287
- Cash +€2,726
up €2,726 (+28.5%), from €9,550 to €12,276
mainly Depreciation (+€6,561) and Trade debts (+€663)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€274
up €274 (+4.4%), from €6,287 to €6,561
- Gross operating margin -€169
down €169 (-2.2%), from €7,776 to €7,607
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 | €241,506 | €241,251 | -€255 | -0.1% |
| Fixed assets | 21/28 | €231,956 | €228,975 | -€2,981 | -1.3% |
| Tangible fixed assets | 22/27 | €231,956 | €228,975 | -€2,981 | -1.3% |
| Land and buildings | 22 | €231,956 | €225,669 | -€6,287 | -2.7% |
| Plant, machinery and equipment | 23 | - | €3,306 | +€3,306 | |
| Current assets | 29/58 | €9,550 | €12,276 | +€2,726 | +28.5% |
| Cash at bank and in hand | 54/58 | €9,550 | €12,276 | +€2,726 | +28.5% |
| Total equity and liabilities | 10/49 | €241,506 | €241,251 | -€255 | -0.1% |
| Equity | 10/15 | -€118,405 | -€119,323 | -€918 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,005 | -€137,923 | -€918 | -0.7% |
| Amounts payable | 17/49 | €359,911 | €360,574 | +€663 | +0.2% |
| Amounts payable within one year | 42/48 | €359,911 | €360,574 | +€663 | +0.2% |
| Trade debts | 44 | €2,380 | €3,043 | +€663 | +27.9% |
| Suppliers | 440/4 | €2,380 | €3,043 | +€663 | +27.9% |
| Other amounts payable | 47/48 | €357,531 | €357,531 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,287 | €6,561 | +€274 | +4.4% |
| Other operating charges | 640/8 | €1,904 | €1,964 | +€60 | +3.2% |
| Gross operating margin | 9900 | €7,776 | €7,607 | -€169 | -2.2% |
| Operating profit (loss) | 9901 | -€415 | -€918 | -€503 | -121.2% |
| Profit (loss) for the period before taxes | 9903 | -€415 | -€918 | -€503 | -121.2% |
| Profit (loss) for the period | 9904 | -€415 | -€918 | -€503 | -121.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€415 | -€918 | -€503 | -121.2% |
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 10 October 2026 via checked.be.