SHAHEEN: 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.
SHAHEEN
Largest movements
- Receivables within one year -€953
no longer reported in 2022 (was €953)
- Cash +€699
up €699 (+4.9%), from €14,188 to €14,887
mainly Net result for the year (+€2,114) and Receivables within one year (+€953)
- Profit (loss) carried forward +€2,114
up €2,114 (+36.8%), from -€5,746 to -€3,632
- Other debts -€2,100
down €2,100 (-43.5%), from €4,833 to €2,733
- Financial charges +€2,266
up €2,266 (+361.4%), from €627 to €2,893
- Depreciation -€478
no longer reported in 2022 (was €478)
- Taxes -€289
down €289 (-27.9%), from €1,037 to €748
- Other operating charges +€174
up €174 (+11.1%), from €1,564 to €1,738
- Gross operating margin +€160
up €160 (+2.2%), from €7,333 to €7,493
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,941 | €29,687 | -€254 | -0.8% |
| Current assets | 29/58 | €29,941 | €29,687 | -€254 | -0.8% |
| Stocks and contracts in progress | 3 | €14,800 | €14,800 | = | 0.0% |
| Stocks | 30/36 | €14,800 | €14,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €953 | - | -€953 | |
| Other amounts receivable | 41 | €953 | - | -€953 | |
| Cash at bank and in hand | 54/58 | €14,188 | €14,887 | +€699 | +4.9% |
| Total equity and liabilities | 10/49 | €29,941 | €29,687 | -€254 | -0.8% |
| Equity | 10/15 | €18,181 | €20,295 | +€2,114 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,327 | €5,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €369 | €369 | = | 0.0% |
| Legal reserve | 130 | €369 | €369 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,746 | -€3,632 | +€2,114 | +36.8% |
| Amounts payable | 17/49 | €11,760 | €9,393 | -€2,367 | -20.1% |
| Amounts payable within one year | 42/48 | €11,760 | €9,393 | -€2,367 | -20.1% |
| Trade debts | 44 | €1,097 | €1,035 | -€62 | -5.6% |
| Suppliers | 440/4 | €1,097 | €1,035 | -€62 | -5.6% |
| Taxes, remuneration and social security | 45 | €5,830 | €5,625 | -€205 | -3.5% |
| Taxes | 450/3 | €5,830 | €5,625 | -€205 | -3.5% |
| Other amounts payable | 47/48 | €4,833 | €2,733 | -€2,100 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | - | -€478 | |
| Other operating charges | 640/8 | €1,564 | €1,738 | +€174 | +11.1% |
| Gross operating margin | 9900 | €7,333 | €7,493 | +€160 | +2.2% |
| Operating profit (loss) | 9901 | €5,291 | €5,754 | +€463 | +8.8% |
| Financial charges | 65/66B | €627 | €2,893 | +€2,266 | +361.4% |
| Recurring financial charges | 65 | €627 | €2,893 | +€2,266 | +361.4% |
| Profit (loss) for the period before taxes | 9903 | €4,664 | €2,862 | -€1,802 | -38.6% |
| Income taxes | 67/77 | €1,037 | €748 | -€289 | -27.9% |
| Profit (loss) for the period | 9904 | €3,627 | €2,114 | -€1,513 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,627 | €2,114 | -€1,513 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.