Shady Bart: 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.
Shady Bart
Largest movements
- Tangible fixed assets -€10,185
down €10,185 (-17.2%), from €59,374 to €49,189
of which Furniture and vehicles: -€8,890
- Cash +€7,254
up €7,254 (+35.6%), from €20,391 to €27,645
mainly Other debts (+€32,693) and Depreciation (+€17,017)
- Current investments +€5,000
new in 2025: €5,000
- Receivables within one year -€3,150
down €3,150 (-17.4%), from €18,150 to €15,000
- Deferred charges and accrued income +€1,725
up €1,725 (+661%), from €261 to €1,986
- Other debts +€32,693
up €32,693 (+2,589%), from €1,263 to €33,955
- Reserves -€17,551
down €17,551 (-25.4%), from €68,987 to €51,436
- Tax, wage and social debts -€7,925
down €7,925 (-59.6%), from €13,299 to €5,373
- Current portion of long-term debt -€7,500
no longer reported in 2025 (was €7,500)
- Gross operating margin -€21,610
down €21,610 (-35.9%), from €60,235 to €38,625
- Taxes -€4,317
down €4,317 (-41.2%), from €10,478 to €6,161
- Depreciation +€640
up €640 (+3.9%), from €16,378 to €17,017
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 | €98,176 | €98,820 | +€644 | +0.7% |
| Fixed assets | 21/28 | €59,374 | €49,189 | -€10,185 | -17.2% |
| Tangible fixed assets | 22/27 | €59,374 | €49,189 | -€10,185 | -17.2% |
| Plant, machinery and equipment | 23 | €5,547 | €3,282 | -€2,265 | -40.8% |
| Furniture and vehicles | 24 | €46,541 | €37,651 | -€8,890 | -19.1% |
| Other tangible fixed assets | 26 | €7,286 | €8,256 | +€970 | +13.3% |
| Current assets | 29/58 | €38,802 | €49,631 | +€10,829 | +27.9% |
| Amounts receivable within one year | 40/41 | €18,150 | €15,000 | -€3,150 | -17.4% |
| Trade receivables | 40 | €18,150 | €15,000 | -€3,150 | -17.4% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €20,391 | €27,645 | +€7,254 | +35.6% |
| Deferred charges and accrued income | 490/1 | €261 | €1,986 | +€1,725 | +661% |
| Total equity and liabilities | 10/49 | €98,176 | €98,820 | +€644 | +0.7% |
| Equity | 10/15 | €70,487 | €52,936 | -€17,551 | -24.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €68,987 | €51,436 | -€17,551 | -25.4% |
| Distributable reserves | 133 | €68,987 | €51,436 | -€17,551 | -25.4% |
| Amounts payable | 17/49 | €27,689 | €45,884 | +€18,195 | +65.7% |
| Amounts payable within one year | 42/48 | €27,689 | €45,884 | +€18,195 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | - | -€7,500 | |
| Trade debts | 44 | €5,627 | €6,555 | +€927 | +16.5% |
| Suppliers | 440/4 | €5,627 | €6,555 | +€927 | +16.5% |
| Taxes, remuneration and social security | 45 | €13,299 | €5,373 | -€7,925 | -59.6% |
| Taxes | 450/3 | €13,299 | €5,373 | -€7,925 | -59.6% |
| Other amounts payable | 47/48 | €1,263 | €33,955 | +€32,693 | +2,589% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,378 | €17,017 | +€640 | +3.9% |
| Other operating charges | 640/8 | €318 | €320 | +€2 | +0.6% |
| Gross operating margin | 9900 | €60,235 | €38,625 | -€21,610 | -35.9% |
| Operating profit (loss) | 9901 | €43,540 | €21,288 | -€22,252 | -51.1% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €265 | €217 | -€49 | -18.4% |
| Recurring financial charges | 65 | €265 | €217 | -€49 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €43,274 | €21,110 | -€22,164 | -51.2% |
| Income taxes | 67/77 | €10,478 | €6,161 | -€4,317 | -41.2% |
| Profit (loss) for the period | 9904 | €32,796 | €14,949 | -€17,847 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,796 | €14,949 | -€17,847 | -54.4% |
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 13 October 2026 via checked.be.