Shady Systems: what changed
Two fiscal 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 Systems
Largest movements
- Cash -€6,892
down €6,892 (-65.4%), from €10,539 to €3,647
mainly Net result for the year (-€8,032)
- Receivables within one year -€443
down €443 (-88.4%), from €501 to €58
- Deferred charges and accrued income -€153
no longer reported in 2025 (was €153)
- Profit (loss) carried forward -€8,032
down €8,032 (-75.8%), from €10,590 to €2,558
- Trade debts +€544
up €544 (+90.2%), from €603 to €1,148
- Turnover -€32,930
down €32,930 (-81.5%), from €40,416 to €7,486
- Gross operating margin -€18,627
down €18,627, from €10,642 to -€7,985
- Purchases and services -€14,318
down €14,318 (-48.1%), from €29,788 to €15,471
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 | €11,194 | €3,705 | -€7,488 | -66.9% |
| Current assets | 29/58 | €11,194 | €3,705 | -€7,488 | -66.9% |
| Amounts receivable within one year | 40/41 | €501 | €58 | -€443 | -88.4% |
| Other amounts receivable | 41 | €501 | €58 | -€443 | -88.4% |
| Cash at bank and in hand | 54/58 | €10,539 | €3,647 | -€6,892 | -65.4% |
| Deferred charges and accrued income | 490/1 | €153 | - | -€153 | |
| Total equity and liabilities | 10/49 | €11,194 | €3,705 | -€7,488 | -66.9% |
| Equity | 10/15 | €10,590 | €2,558 | -€8,032 | -75.8% |
| Profit (loss) carried forward | 14 | €10,590 | €2,558 | -€8,032 | -75.8% |
| Amounts payable | 17/49 | €603 | €1,148 | +€544 | +90.2% |
| Amounts payable within one year | 42/48 | €603 | €1,148 | +€544 | +90.2% |
| Trade debts | 44 | €603 | €1,148 | +€544 | +90.2% |
| Suppliers | 440/4 | €603 | €1,148 | +€544 | +90.2% |
| Turnover | 70 | €40,416 | €7,486 | -€32,930 | -81.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,788 | €15,471 | -€14,318 | -48.1% |
| Gross operating margin | 9900 | €10,642 | -€7,985 | -€18,627 | |
| Operating profit (loss) | 9901 | €10,642 | -€7,985 | -€18,627 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €53 | €48 | -€5 | -9.8% |
| Recurring financial charges | 65 | €53 | €48 | -€5 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €10,590 | -€8,032 | -€18,622 | |
| Profit (loss) for the period | 9904 | €10,590 | -€8,032 | -€18,622 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,590 | -€8,032 | -€18,622 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.