SHAH021: 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.
SHAH021
Largest movements
- Receivables within one year +€15,540
up €15,540 (+165.1%), from €9,414 to €24,954
of which Other amounts receivable: +€8,920
- Tangible fixed assets +€13,709
up €13,709 (+734.7%), from €1,866 to €15,575
of which Furniture and vehicles: +€13,083
- Cash -€12,766
down €12,766 (-99.1%), from €12,883 to €118
mainly Receivables within one year (-€15,540) and Investment in fixed assets (net) (-€13,980)
- Financial fixed assets -€2,300
no longer reported in 2024 (was €2,300)
- Deferred charges and accrued income +€534
new in 2024: €534
- Reserves +€11,070
up €11,070 (+667.0%), from €1,660 to €12,730
- Other debts -€8,327
down €8,327 (-65.8%), from €12,657 to €4,331
- Tax, wage and social debts +€6,812
up €6,812 (+168.2%), from €4,050 to €10,862
- Trade debts +€5,163
up €5,163 (+272.1%), from €1,897 to €7,060
- Taxes +€6,772
up €6,772 (+306.5%), from €2,210 to €8,982
- Other operating charges +€4,505
up €4,505 (+2619.2%), from €172 to €4,678
- Gross operating margin +€2,733
up €2,733 (+10.7%), from €25,470 to €28,203
- Depreciation +€2,515
up €2,515 (+4488.4%), from €56 to €2,571
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,463 | €41,182 | +€14,718 | +55.6% |
| Fixed assets | 21/28 | €4,166 | €15,575 | +€11,409 | +273.9% |
| Tangible fixed assets | 22/27 | €1,866 | €15,575 | +€13,709 | +734.7% |
| Plant, machinery and equipment | 23 | €1,192 | €1,818 | +€626 | +52.5% |
| Furniture and vehicles | 24 | €674 | €13,757 | +€13,083 | +1941.2% |
| Financial fixed assets | 28 | €2,300 | - | -€2,300 | |
| Current assets | 29/58 | €22,297 | €25,606 | +€3,309 | +14.8% |
| Amounts receivable within one year | 40/41 | €9,414 | €24,954 | +€15,540 | +165.1% |
| Trade receivables | 40 | €7,232 | €13,853 | +€6,620 | +91.5% |
| Other amounts receivable | 41 | €2,182 | €11,102 | +€8,920 | +408.9% |
| Cash at bank and in hand | 54/58 | €12,883 | €118 | -€12,766 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €534 | +€534 | |
| Total equity and liabilities | 10/49 | €26,463 | €41,182 | +€14,718 | +55.6% |
| Equity | 10/15 | €7,860 | €18,930 | +€11,070 | +140.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,660 | €12,730 | +€11,070 | +667.0% |
| Distributable reserves | 133 | €1,660 | €12,730 | +€11,070 | +667.0% |
| Amounts payable | 17/49 | €18,604 | €22,252 | +€3,648 | +19.6% |
| Amounts payable within one year | 42/48 | €18,604 | €22,252 | +€3,648 | +19.6% |
| Trade debts | 44 | €1,897 | €7,060 | +€5,163 | +272.1% |
| Suppliers | 440/4 | €1,897 | €7,060 | +€5,163 | +272.1% |
| Taxes, remuneration and social security | 45 | €4,050 | €10,862 | +€6,812 | +168.2% |
| Taxes | 450/3 | €4,050 | €10,862 | +€6,812 | +168.2% |
| Other amounts payable | 47/48 | €12,657 | €4,331 | -€8,327 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €2,571 | +€2,515 | +4488.4% |
| Other operating charges | 640/8 | €172 | €4,678 | +€4,505 | +2619.2% |
| Gross operating margin | 9900 | €25,470 | €28,203 | +€2,733 | +10.7% |
| Operating profit (loss) | 9901 | €25,242 | €20,954 | -€4,288 | -17.0% |
| Financial charges | 65/66B | €13 | €44 | +€31 | +234.7% |
| Recurring financial charges | 65 | €13 | €44 | +€31 | +234.7% |
| Profit (loss) for the period before taxes | 9903 | €25,229 | €20,911 | -€4,318 | -17.1% |
| Income taxes | 67/77 | €2,210 | €8,982 | +€6,772 | +306.5% |
| Profit (loss) for the period | 9904 | €23,019 | €11,929 | -€11,090 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,019 | €11,929 | -€11,090 | -48.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.