Shake Hand: 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.
Shake Hand
Largest movements
- Cash +€166,779
up €166,779 (+27.2%), from €613,993 to €780,771
mainly Net result for the year (+€547,768) and Depreciation (+€183,498)
- Tangible fixed assets -€165,178
down €165,178 (-17.5%), from €941,610 to €776,431
of which Plant, machinery and equipment: -€126,999
- Receivables within one year +€122,487
up €122,487 (+15.3%), from €801,727 to €924,214
of which Trade receivables: +€136,894
- Intangible fixed assets +€49,868
up €49,868 (+147%), from €34,019 to €83,887
- Stocks and contracts -€42,863
down €42,863 (-3.4%), from €1.3m to €1.2m
- Reserves +€547,768
up €547,768 (+17.6%), from €3.1m to €3.7m
- Other debts -€400,000
down €400,000 (-100%), from €400,000 to €0
- Gross operating margin +€219,505
up €219,505 (+20.6%), from €1.1m to €1.3m
- Financial income -€100,578
down €100,578 (-95.2%), from €105,622 to €5,045
of which Financial income: -€100,578
- Staff costs -€99,918
down €99,918 (-21.2%), from €471,985 to €372,067
- Taxes +€50,223
up €50,223 (+37.2%), from €134,915 to €185,139
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 | €3,658,636 | €3,801,707 | +€143,071 | +3.9% |
| Fixed assets | 21/28 | €975,629 | €860,318 | -€115,310 | -11.8% |
| Intangible fixed assets | 21 | €34,019 | €83,887 | +€49,868 | +147% |
| Tangible fixed assets | 22/27 | €941,610 | €776,431 | -€165,178 | -17.5% |
| Plant, machinery and equipment | 23 | €810,141 | €683,142 | -€126,999 | -15.7% |
| Furniture and vehicles | 24 | €131,468 | €93,289 | -€38,179 | -29.0% |
| Current assets | 29/58 | €2,683,007 | €2,941,389 | +€258,381 | +9.6% |
| Stocks and contracts in progress | 3 | €1,267,287 | €1,224,424 | -€42,863 | -3.4% |
| Stocks | 30/36 | €1,267,287 | €1,224,424 | -€42,863 | -3.4% |
| Amounts receivable within one year | 40/41 | €801,727 | €924,214 | +€122,487 | +15.3% |
| Trade receivables | 40 | €719,608 | €856,502 | +€136,894 | +19.0% |
| Other amounts receivable | 41 | €82,119 | €67,712 | -€14,407 | -17.5% |
| Cash at bank and in hand | 54/58 | €613,993 | €780,771 | +€166,779 | +27.2% |
| Deferred charges and accrued income | 490/1 | - | €11,979 | +€11,979 | |
| Total equity and liabilities | 10/49 | €3,658,636 | €3,801,707 | +€143,071 | +3.9% |
| Equity | 10/15 | €3,128,013 | €3,675,781 | +€547,768 | +17.5% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €3,108,181 | €3,655,950 | +€547,768 | +17.6% |
| Distributable reserves | 133 | €3,108,181 | €3,655,950 | +€547,768 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €530,623 | €125,926 | -€404,698 | -76.3% |
| Amounts payable within one year | 42/48 | €530,623 | €125,926 | -€404,698 | -76.3% |
| Trade debts | 44 | €23,560 | €24,951 | +€1,392 | +5.9% |
| Suppliers | 440/4 | €23,560 | €24,951 | +€1,392 | +5.9% |
| Taxes, remuneration and social security | 45 | €107,064 | €100,975 | -€6,089 | -5.7% |
| Taxes | 450/3 | €52,214 | €58,922 | +€6,707 | +12.8% |
| Remuneration and social security | 454/9 | €54,849 | €42,053 | -€12,797 | -23.3% |
| Other amounts payable | 47/48 | €400,000 | €0 | -€400,000 | -100% |
| Remuneration, social security and pensions | 62 | €471,985 | €372,067 | -€99,918 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,352 | €183,498 | +€9,146 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €582 | €1,221 | +€638 | +110% |
| Other operating charges | 640/8 | €1,793 | €2,070 | +€277 | +15.5% |
| Gross operating margin | 9900 | €1,067,363 | €1,286,868 | +€219,505 | +20.6% |
| Operating profit (loss) | 9901 | €418,652 | €728,013 | +€309,361 | +73.9% |
| Financial income | 75/76B | €105,622 | €5,045 | -€100,578 | -95.2% |
| Recurring financial income | 75 | €105,622 | €5,045 | -€100,578 | -95.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €755 | €151 | -€605 | -80.1% |
| Recurring financial charges | 65 | €755 | €151 | -€605 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €523,518 | €732,907 | +€209,389 | +40.0% |
| Income taxes | 67/77 | €134,915 | €185,139 | +€50,223 | +37.2% |
| Profit (loss) for the period | 9904 | €388,603 | €547,768 | +€159,165 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €388,603 | €547,768 | +€159,165 | +41.0% |
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 15 October 2026 via checked.be.