SHAHKOT: 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.
SHAHKOT
Largest movements
- Stocks and contracts -€22,444
down €22,444 (-33.0%), from €67,909 to €45,466
- Cash +€10,324
up €10,324 (+94.7%), from €10,903 to €21,227
mainly Net result for the year (+€40,377) and Stocks and contracts (+€22,444)
- Receivables within one year +€2,351
up €2,351 (+185%), from €1,272 to €3,623
- Trade debts -€67,741
down €67,741 (-70.4%), from €96,286 to €28,544
- Profit (loss) carried forward +€40,377
up €40,377, from -€24,821 to €15,556
- Tax, wage and social debts +€12,055
up €12,055 (+48.9%), from €24,675 to €36,730
of which Taxes: +€9,300
- Contributions +€5,041
up €5,041 (+202%), from €2,500 to €7,541
- Turnover +€237,613
up €237,613 (+17.0%), from €1.4m to €1.6m
- Gross operating margin +€124,829
up €124,829 (+627%), from €19,904 to €144,733
- Purchases and services +€112,863
up €112,863 (+8.1%), from €1.4m to €1.5m
- Staff costs +€43,420
up €43,420 (+114%), from €38,159 to €81,579
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 | €98,640 | €88,371 | -€10,269 | -10.4% |
| Fixed assets | 21/28 | €18,555 | €18,055 | -€500 | -2.7% |
| Tangible fixed assets | 22/27 | €2,105 | €1,605 | -€500 | -23.7% |
| Furniture and vehicles | 24 | €2,105 | €1,605 | -€500 | -23.7% |
| Financial fixed assets | 28 | €16,450 | €16,450 | = | 0.0% |
| Current assets | 29/58 | €80,084 | €70,316 | -€9,769 | -12.2% |
| Stocks and contracts in progress | 3 | €67,909 | €45,466 | -€22,444 | -33.0% |
| Stocks | 30/36 | €67,909 | €45,466 | -€22,444 | -33.0% |
| Amounts receivable within one year | 40/41 | €1,272 | €3,623 | +€2,351 | +185% |
| Trade receivables | 40 | €1,272 | €3,623 | +€2,351 | +185% |
| Cash at bank and in hand | 54/58 | €10,903 | €21,227 | +€10,324 | +94.7% |
| Total equity and liabilities | 10/49 | €98,640 | €88,371 | -€10,269 | -10.4% |
| Equity | 10/15 | -€22,321 | €23,097 | +€45,418 | |
| Contributions | 10/11 | €2,500 | €7,541 | +€5,041 | +202% |
| Profit (loss) carried forward | 14 | -€24,821 | €15,556 | +€40,377 | |
| Amounts payable | 17/49 | €120,961 | €65,274 | -€55,687 | -46.0% |
| Amounts payable within one year | 42/48 | €120,961 | €65,274 | -€55,687 | -46.0% |
| Trade debts | 44 | €96,286 | €28,544 | -€67,741 | -70.4% |
| Suppliers | 440/4 | €96,286 | €28,544 | -€67,741 | -70.4% |
| Taxes, remuneration and social security | 45 | €24,675 | €36,730 | +€12,055 | +48.9% |
| Taxes | 450/3 | €6,524 | €15,824 | +€9,300 | +143% |
| Remuneration and social security | 454/9 | €18,151 | €20,905 | +€2,754 | +15.2% |
| Turnover | 70 | €1,396,676 | €1,634,289 | +€237,613 | +17.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,386,629 | €1,499,492 | +€112,863 | +8.1% |
| Remuneration, social security and pensions | 62 | €38,159 | €81,579 | +€43,420 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €500 | +€105 | +26.7% |
| Other operating charges | 640/8 | €9,493 | €7,675 | -€1,819 | -19.2% |
| Gross operating margin | 9900 | €19,904 | €144,733 | +€124,829 | +627% |
| Operating profit (loss) | 9901 | -€28,143 | €54,979 | +€83,122 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €2,974 | €11,362 | +€8,388 | +282% |
| Recurring financial charges | 65 | €2,974 | €11,362 | +€8,388 | +282% |
| Profit (loss) for the period before taxes | 9903 | -€31,117 | €43,637 | +€74,754 | |
| Income taxes | 67/77 | €0 | €3,260 | +€3,260 | +905,456% |
| Profit (loss) for the period | 9904 | -€31,117 | €40,377 | +€71,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,117 | €40,377 | +€71,494 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.