SHAH CONSULTING: 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.
SHAH CONSULTING
Largest movements
- Receivables within one year -€25,194
down €25,194 (-75.6%), from €33,314 to €8,120
of which Other amounts receivable: -€25,194
- Cash -€21,029
down €21,029 (-81.7%), from €25,746 to €4,717
mainly Other debts (-€36,901) and Net result for the year (-€9,322)
- Other debts -€36,901
no longer reported in 2025 (was €36,901)
- Profit (loss) carried forward -€9,322
down €9,322 (-47.2%), from €19,755 to €10,432
- Gross operating margin +€18,822
up €18,822 (+83.7%), from -€22,484 to -€3,662
- Taxes +€5,535
up €5,535, from €0 to €5,535
- Financial income -€954
no longer reported in 2025 (was €954)
- Other operating charges -€715
no longer reported in 2025 (was €715)
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 | €59,060 | €12,836 | -€46,224 | -78.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €59,060 | €12,836 | -€46,224 | -78.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €33,314 | €8,120 | -€25,194 | -75.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €33,314 | €8,120 | -€25,194 | -75.6% |
| Cash at bank and in hand | 54/58 | €25,746 | €4,717 | -€21,029 | -81.7% |
| Total equity and liabilities | 10/49 | €59,060 | €12,836 | -€46,224 | -78.3% |
| Equity | 10/15 | €20,755 | €11,432 | -€9,322 | -44.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,755 | €10,432 | -€9,322 | -47.2% |
| Amounts payable | 17/49 | €38,305 | €1,404 | -€36,901 | -96.3% |
| Amounts payable within one year | 42/48 | €38,305 | €1,404 | -€36,901 | -96.3% |
| Trade debts | 44 | €1,404 | €1,404 | = | 0.0% |
| Suppliers | 440/4 | €1,404 | €1,404 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,901 | - | -€36,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | - | -€22 | |
| Other operating charges | 640/8 | €715 | - | -€715 | |
| Gross operating margin | 9900 | -€22,484 | -€3,662 | +€18,822 | +83.7% |
| Operating profit (loss) | 9901 | -€23,222 | -€3,662 | +€19,559 | +84.2% |
| Financial income | 75/76B | €954 | - | -€954 | |
| Recurring financial income | 75 | €954 | - | -€954 | |
| Financial charges | 65/66B | €183 | €125 | -€59 | -32.1% |
| Recurring financial charges | 65 | €183 | €125 | -€59 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,451 | -€3,787 | +€18,664 | +83.1% |
| Income taxes | 67/77 | €0 | €5,535 | +€5,535 | |
| Profit (loss) for the period | 9904 | -€22,451 | -€9,322 | +€13,128 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,451 | -€9,322 | +€13,128 | +58.5% |
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.