SHAHEEN EXPRESS: 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 EXPRESS
Largest movements
- Receivables within one year +€1,876
up €1,876 (+262.2%), from €715 to €2,591
- Stocks and contracts +€1,845
up €1,845 (+11.4%), from €16,230 to €18,075
- Cash +€1,521
new in 2022: €1,521
mainly Net result for the year (+€10,730) and Trade debts (+€4,222)
- Intangible fixed assets -€850
down €850 (-10.8%), from €7,863 to €7,013
- Other debts -€14,660
down €14,660 (-44.8%), from €32,708 to €18,048
- Profit (loss) carried forward +€10,730
up €10,730, from -€9,315 to €1,415
- Trade debts +€4,222
up €4,222 (+623.7%), from €677 to €4,899
- Tax, wage and social debts +€4,099
up €4,099 (+554.8%), from €739 to €4,838
- Turnover +€119,949
up €119,949 (+124.6%), from €96,261 to €216,210
- Purchases and services +€99,156
up €99,156 (+94.5%), from €104,939 to €204,095
- Gross operating margin +€20,793
up €20,793, from -€8,678 to €12,115
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 | €24,808 | €29,199 | +€4,391 | +17.7% |
| Fixed assets | 21/28 | €7,863 | €7,013 | -€850 | -10.8% |
| Intangible fixed assets | 21 | €7,863 | €7,013 | -€850 | -10.8% |
| Current assets | 29/58 | €16,946 | €22,187 | +€5,241 | +30.9% |
| Stocks and contracts in progress | 3 | €16,230 | €18,075 | +€1,845 | +11.4% |
| Stocks | 30/36 | €16,230 | €18,075 | +€1,845 | +11.4% |
| Amounts receivable within one year | 40/41 | €715 | €2,591 | +€1,876 | +262.2% |
| Other amounts receivable | 41 | €715 | €2,591 | +€1,876 | +262.2% |
| Cash at bank and in hand | 54/58 | - | €1,521 | +€1,521 | |
| Total equity and liabilities | 10/49 | €24,808 | €29,199 | +€4,391 | +17.7% |
| Equity | 10/15 | -€9,315 | €1,415 | +€10,730 | |
| Profit (loss) carried forward | 14 | -€9,315 | €1,415 | +€10,730 | |
| Amounts payable | 17/49 | €34,123 | €27,785 | -€6,339 | -18.6% |
| Amounts payable within one year | 42/48 | €34,123 | €27,785 | -€6,339 | -18.6% |
| Trade debts | 44 | €677 | €4,899 | +€4,222 | +623.7% |
| Suppliers | 440/4 | €677 | €4,899 | +€4,222 | +623.7% |
| Taxes, remuneration and social security | 45 | €739 | €4,838 | +€4,099 | +554.8% |
| Taxes | 450/3 | €739 | €4,838 | +€4,099 | +554.8% |
| Other amounts payable | 47/48 | €32,708 | €18,048 | -€14,660 | -44.8% |
| Turnover | 70 | €96,261 | €216,210 | +€119,949 | +124.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,939 | €204,095 | +€99,156 | +94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638 | €850 | +€213 | +33.3% |
| Gross operating margin | 9900 | -€8,678 | €12,115 | +€20,793 | |
| Operating profit (loss) | 9901 | -€9,315 | €11,265 | +€20,580 | |
| Financial charges | 65/66B | - | €182 | +€182 | |
| Recurring financial charges | 65 | - | €182 | +€182 | |
| Profit (loss) for the period before taxes | 9903 | -€9,315 | €11,084 | +€20,399 | |
| Income taxes | 67/77 | - | €354 | +€354 | |
| Profit (loss) for the period | 9904 | -€9,315 | €10,730 | +€20,045 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,315 | €10,730 | +€20,045 |
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 12 October 2026 via checked.be.