Shahdaroba: 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.
Shahdaroba
Largest movements
- Receivables within one year -€5,085
down €5,085 (-75.2%), from €6,762 to €1,677
of which Trade receivables: -€4,235
- Cash -€1,747
down €1,747 (-99.6%), from €1,754 to €7
mainly Net result for the year (-€19,778) and Tax, wage and social debts (-€1,398)
- Profit (loss) carried forward -€19,778
down €19,778, from €732 to -€19,045
- Other debts +€15,358
up €15,358 (+169%), from €9,106 to €24,465
- Tax, wage and social debts -€1,398
down €1,398 (-21.7%), from €6,428 to €5,030
- Accrued charges and deferred income -€715
down €715 (-35.3%), from €2,026 to €1,310
- Gross operating margin -€20,158
down €20,158, from €837 to -€19,320
- Financial income -€717
down €717 (-33.9%), from €2,117 to €1,400
- Financial charges -€410
down €410 (-24.5%), from €1,673 to €1,263
- Other operating charges +€407
up €407 (+216%), from €188 to €595
- Taxes -€376
down €376, from €375 to -€0
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 | €36,092 | €29,260 | -€6,832 | -18.9% |
| Fixed assets | 21/28 | €7,576 | €7,576 | = | 0.0% |
| Financial fixed assets | 28 | €7,576 | €7,576 | = | 0.0% |
| Current assets | 29/58 | €28,516 | €21,684 | -€6,832 | -24.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,762 | €1,677 | -€5,085 | -75.2% |
| Trade receivables | 40 | €4,235 | - | -€4,235 | |
| Other amounts receivable | 41 | €2,527 | €1,677 | -€850 | -33.6% |
| Cash at bank and in hand | 54/58 | €1,754 | €7 | -€1,747 | -99.6% |
| Total equity and liabilities | 10/49 | €36,092 | €29,260 | -€6,832 | -18.9% |
| Equity | 10/15 | €8,232 | -€11,545 | -€19,778 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €732 | -€19,045 | -€19,778 | |
| Amounts payable | 17/49 | €27,859 | €40,805 | +€12,946 | +46.5% |
| Amounts payable within one year | 42/48 | €25,834 | €39,495 | +€13,661 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €299 | - | -€299 | |
| Suppliers | 440/4 | €299 | - | -€299 | |
| Taxes, remuneration and social security | 45 | €6,428 | €5,030 | -€1,398 | -21.7% |
| Taxes | 450/3 | €6,428 | €5,030 | -€1,398 | -21.7% |
| Other amounts payable | 47/48 | €9,106 | €24,465 | +€15,358 | +169% |
| Accrued charges and deferred income | 492/3 | €2,026 | €1,310 | -€715 | -35.3% |
| Other operating charges | 640/8 | €188 | €595 | +€407 | +216% |
| Gross operating margin | 9900 | €837 | -€19,320 | -€20,158 | |
| Operating profit (loss) | 9901 | €649 | -€19,915 | -€20,564 | |
| Financial income | 75/76B | €2,117 | €1,400 | -€717 | -33.9% |
| Recurring financial income | 75 | €2,117 | €1,400 | -€717 | -33.9% |
| Financial charges | 65/66B | €1,673 | €1,263 | -€410 | -24.5% |
| Recurring financial charges | 65 | €1,673 | €1,263 | -€410 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,093 | -€19,778 | -€20,871 | |
| Income taxes | 67/77 | €375 | -€0 | -€376 | |
| Profit (loss) for the period | 9904 | €718 | -€19,778 | -€20,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €718 | -€19,778 | -€20,496 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.