SHAHIN ALEX: what changed
SHAHIN ALEX
Largest movements
- Receivables within one year +€11
new in 2025: €11
- Cash +€8
up €8 (+176%), from €5 to €13
mainly Other debts (+€517)
- Other debts +€517
up €517 (+6.7%), from €7,702 to €8,219
- Profit (loss) carried forward -€498
down €498 (-1.9%), from -€26,297 to -€26,795
- Gross operating margin -€170
down €170 (-302%), from -€56 to -€227
- Other operating charges +€109
up €109 (+171%), from €64 to €173
- Financial charges +€63
up €63 (+179%), from €35 to €99
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 | €5 | €24 | +€19 | +417% |
| Current assets | 29/58 | €5 | €24 | +€19 | +417% |
| Amounts receivable within one year | 40/41 | - | €11 | +€11 | |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €5 | €13 | +€8 | +176% |
| Total equity and liabilities | 10/49 | €5 | €24 | +€19 | +417% |
| Equity | 10/15 | -€7,697 | -€8,195 | -€498 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€26,297 | -€26,795 | -€498 | -1.9% |
| Amounts payable | 17/49 | €7,702 | €8,219 | +€517 | +6.7% |
| Amounts payable within one year | 42/48 | €7,702 | €8,219 | +€517 | +6.7% |
| Other amounts payable | 47/48 | €7,702 | €8,219 | +€517 | +6.7% |
| Other operating charges | 640/8 | €64 | €173 | +€109 | +171% |
| Gross operating margin | 9900 | -€56 | -€227 | -€170 | -302% |
| Operating profit (loss) | 9901 | -€120 | -€400 | -€279 | -232% |
| Financial charges | 65/66B | €35 | €99 | +€63 | +179% |
| Recurring financial charges | 65 | €35 | €99 | +€63 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€156 | -€498 | -€343 | -220% |
| Profit (loss) for the period | 9904 | -€156 | -€498 | -€343 | -220% |
| Profit (loss) for the period to be appropriated | 9905 | -€156 | -€498 | -€343 | -220% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.