SHAH JEE: 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 JEE
Largest movements
- Stocks and contracts +€5,284
up €5,284 (+28.0%), from €18,869 to €24,153
- Cash -€1,137
down €1,137 (-75.4%), from €1,508 to €371
mainly Stocks and contracts (-€5,284) and Trade debts (-€4,701)
- Receivables within one year -€1,091
down €1,091 (-43.3%), from €2,518 to €1,426
- Deferred charges and accrued income +€530
up €530 (+249.5%), from €212 to €743
- Debts after one year +€11,500
new in 2025: €11,500
- Trade debts -€4,701
down €4,701 (-95.7%), from €4,911 to €210
- Tax, wage and social debts -€2,170
down €2,170 (-51.2%), from €4,238 to €2,068
- Other debts -€1,450
no longer reported in 2025 (was €1,450)
- Profit (loss) carried forward +€351
up €351 (+2.9%), from €12,063 to €12,414
- Turnover +€5,978
up €5,978 (+2.1%), from €280,346 to €286,324
- Purchases and services +€3,272
up €3,272 (+1.2%), from €283,379 to €286,652
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 | €23,163 | €26,692 | +€3,529 | +15.2% |
| Formation expenses | 20 | €56 | - | -€56 | |
| Current assets | 29/58 | €23,107 | €26,692 | +€3,585 | +15.5% |
| Stocks and contracts in progress | 3 | €18,869 | €24,153 | +€5,284 | +28.0% |
| Stocks | 30/36 | €18,869 | €24,153 | +€5,284 | +28.0% |
| Amounts receivable within one year | 40/41 | €2,518 | €1,426 | -€1,091 | -43.3% |
| Other amounts receivable | 41 | €2,518 | €1,426 | -€1,091 | -43.3% |
| Cash at bank and in hand | 54/58 | €1,508 | €371 | -€1,137 | -75.4% |
| Deferred charges and accrued income | 490/1 | €212 | €743 | +€530 | +249.5% |
| Total equity and liabilities | 10/49 | €23,163 | €26,692 | +€3,529 | +15.2% |
| Equity | 10/15 | €12,563 | €12,914 | +€351 | +2.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,063 | €12,414 | +€351 | +2.9% |
| Amounts payable | 17/49 | €10,599 | €13,778 | +€3,178 | +30.0% |
| Amounts payable after more than one year | 17 | - | €11,500 | +€11,500 | |
| Other amounts payable | 178/9 | - | €11,500 | +€11,500 | |
| Amounts payable within one year | 42/48 | €10,599 | €2,278 | -€8,322 | -78.5% |
| Trade debts | 44 | €4,911 | €210 | -€4,701 | -95.7% |
| Suppliers | 440/4 | €4,911 | €210 | -€4,701 | -95.7% |
| Taxes, remuneration and social security | 45 | €4,238 | €2,068 | -€2,170 | -51.2% |
| Taxes | 450/3 | €4,238 | €2,068 | -€2,170 | -51.2% |
| Other amounts payable | 47/48 | €1,450 | - | -€1,450 | |
| Turnover | 70 | €280,346 | €286,324 | +€5,978 | +2.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €283,379 | €286,652 | +€3,272 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €56 | +€56 | |
| Other operating charges | 640/8 | €832 | €691 | -€141 | -17.0% |
| Gross operating margin | 9900 | €703 | €1,416 | +€713 | +101.4% |
| Operating profit (loss) | 9901 | -€129 | €669 | +€798 | |
| Financial income | 75/76B | €287 | €107 | -€180 | -62.8% |
| Recurring financial income | 75 | €287 | €107 | -€180 | -62.8% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €23 | €626 | +€603 | +2674.4% |
| Income taxes | 67/77 | €5 | €275 | +€270 | +5991.1% |
| Profit (loss) for the period | 9904 | €18 | €351 | +€333 | +1845.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18 | €351 | +€333 | +1845.7% |
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 12 October 2026 via checked.be.