SHAHAB & SONS: what changed
SHAHAB & SONS
Largest movements
- Stocks and contracts -€10,005
down €10,005 (-20.1%), from €49,882 to €39,877
- Cash +€2,020
up €2,020 (+35.5%), from €5,696 to €7,716
mainly Stocks and contracts (+€10,005) and Other debts (+€7,290)
- Trade debts -€9,920
down €9,920 (-70.9%), from €13,992 to €4,072
- Other debts +€7,290
up €7,290 (+69.0%), from €10,572 to €17,862
- Debts after one year -€3,945
no longer reported in 2025 (was €3,945)
- Profit (loss) carried forward -€2,918
down €2,918 (-10.3%), from -€28,266 to -€31,184
- Tax, wage and social debts +€1,591
up €1,591 (+6.3%), from €25,439 to €27,030
of which Remuneration and social security: +€3,366
- Staff costs -€12,583
down €12,583 (-21.2%), from €59,243 to €46,660
- Gross operating margin +€7,533
up €7,533 (+20.2%), from €37,258 to €44,790
- Depreciation -€3,833
no longer reported in 2025 (was €3,833)
- Other operating charges -€1,795
down €1,795 (-65.0%), from €2,761 to €966
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,578 | €47,675 | -€7,903 | -14.2% |
| Current assets | 29/58 | €55,578 | €47,675 | -€7,903 | -14.2% |
| Stocks and contracts in progress | 3 | €49,882 | €39,877 | -€10,005 | -20.1% |
| Stocks | 30/36 | €49,882 | €39,877 | -€10,005 | -20.1% |
| Amounts receivable within one year | 40/41 | - | €82 | +€82 | |
| Other amounts receivable | 41 | - | €82 | +€82 | |
| Cash at bank and in hand | 54/58 | €5,696 | €7,716 | +€2,020 | +35.5% |
| Total equity and liabilities | 10/49 | €55,578 | €47,675 | -€7,903 | -14.2% |
| Equity | 10/15 | €1,630 | -€1,288 | -€2,918 | |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €16,296 | €16,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,436 | €14,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,266 | -€31,184 | -€2,918 | -10.3% |
| Amounts payable | 17/49 | €53,948 | €48,963 | -€4,985 | -9.2% |
| Amounts payable after more than one year | 17 | €3,945 | - | -€3,945 | |
| Financial debts | 170/4 | €3,945 | - | -€3,945 | |
| Amounts payable within one year | 42/48 | €50,002 | €48,963 | -€1,039 | -2.1% |
| Trade debts | 44 | €13,992 | €4,072 | -€9,920 | -70.9% |
| Suppliers | 440/4 | €13,992 | €4,072 | -€9,920 | -70.9% |
| Taxes, remuneration and social security | 45 | €25,439 | €27,030 | +€1,591 | +6.3% |
| Taxes | 450/3 | €3,792 | €2,017 | -€1,775 | -46.8% |
| Remuneration and social security | 454/9 | €21,647 | €25,013 | +€3,366 | +15.5% |
| Other amounts payable | 47/48 | €10,572 | €17,862 | +€7,290 | +69.0% |
| Remuneration, social security and pensions | 62 | €59,243 | €46,660 | -€12,583 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,833 | - | -€3,833 | |
| Other operating charges | 640/8 | €2,761 | €966 | -€1,795 | -65.0% |
| Gross operating margin | 9900 | €37,258 | €44,790 | +€7,533 | +20.2% |
| Operating profit (loss) | 9901 | -€28,579 | -€2,836 | +€25,743 | +90.1% |
| Financial charges | 65/66B | €151 | €82 | -€69 | -45.5% |
| Recurring financial charges | 65 | €151 | €82 | -€69 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,730 | -€2,918 | +€25,812 | +89.8% |
| Profit (loss) for the period | 9904 | -€28,730 | -€2,918 | +€25,812 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,730 | -€2,918 | +€25,812 | +89.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.