SHAKE MANAGEMENT: what changed
Two fiscal 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 MANAGEMENT
Largest movements
- Receivables within one year +€23,822
up €23,822 (+25.7%), from €92,688 to €116,510
- Tangible fixed assets +€18,515
up €18,515 (+4.9%), from €380,515 to €399,030
of which Furniture and vehicles: +€24,692
- Cash -€8,952
down €8,952 (-36.9%), from €24,263 to €15,311
mainly Investment in fixed assets (net) (-€33,893) and Receivables within one year (-€23,822)
- Profit (loss) carried forward +€44,406
up €44,406, from -€17,110 to €27,295
- Debts after one year -€8,971
down €8,971 (-5.4%), from €167,130 to €158,159
- Tax, wage and social debts +€5,391
up €5,391 (+115.9%), from €4,649 to €10,040
- Gross operating margin +€28,783
up €28,783 (+59.4%), from €48,488 to €77,271
- Taxes +€14,335
up €14,335 (+1849.0%), from €775 to €15,110
- Other operating charges -€9,929
down €9,929 (-66.7%), from €14,881 to €4,951
- Financial charges -€5,383
down €5,383 (-61.1%), from €8,814 to €3,430
- Depreciation -€4,130
down €4,130 (-21.2%), from €19,507 to €15,377
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.
Cash bridge derived
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 | €498,572 | €531,957 | +€33,385 | +6.7% |
| Fixed assets | 21/28 | €380,515 | €399,030 | +€18,515 | +4.9% |
| Tangible fixed assets | 22/27 | €380,515 | €399,030 | +€18,515 | +4.9% |
| Land and buildings | 22 | €374,578 | €368,401 | -€6,177 | -1.6% |
| Furniture and vehicles | 24 | €5,937 | €30,630 | +€24,692 | +415.9% |
| Current assets | 29/58 | €118,057 | €132,927 | +€14,870 | +12.6% |
| Amounts receivable within one year | 40/41 | €92,688 | €116,510 | +€23,822 | +25.7% |
| Other amounts receivable | 41 | €92,688 | €116,510 | +€23,822 | +25.7% |
| Cash at bank and in hand | 54/58 | €24,263 | €15,311 | -€8,952 | -36.9% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,106 | = | 0.0% |
| Total equity and liabilities | 10/49 | €498,572 | €531,957 | +€33,385 | +6.7% |
| Equity | 10/15 | €289,880 | €332,131 | +€42,251 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €300,790 | €298,636 | -€2,154 | -0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,930 | €171,776 | -€2,154 | -1.2% |
| Distributable reserves | 133 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,110 | €27,295 | +€44,406 | |
| Provisions and deferred taxes | 16 | €17,352 | €16,634 | -€718 | -4.1% |
| Deferred taxes | 168 | €17,352 | €16,634 | -€718 | -4.1% |
| Amounts payable | 17/49 | €191,340 | €183,192 | -€8,148 | -4.3% |
| Amounts payable after more than one year | 17 | €167,130 | €158,159 | -€8,971 | -5.4% |
| Financial debts | 170/4 | €167,130 | €158,159 | -€8,971 | -5.4% |
| Amounts payable within one year | 42/48 | €24,209 | €25,033 | +€824 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €8,784 | €8,424 | -€360 | -4.1% |
| Trade debts | 44 | €10,776 | €6,515 | -€4,261 | -39.5% |
| Suppliers | 440/4 | €10,776 | €6,515 | -€4,261 | -39.5% |
| Taxes, remuneration and social security | 45 | €4,649 | €10,040 | +€5,391 | +115.9% |
| Taxes | 450/3 | €4,649 | €10,040 | +€5,391 | +115.9% |
| Other amounts payable | 47/48 | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,507 | €15,377 | -€4,130 | -21.2% |
| Other operating charges | 640/8 | €14,881 | €4,951 | -€9,929 | -66.7% |
| Gross operating margin | 9900 | €48,488 | €77,271 | +€28,783 | +59.4% |
| Operating profit (loss) | 9901 | €14,100 | €56,943 | +€42,843 | +303.8% |
| Financial income | 75/76B | €2,687 | €3,131 | +€444 | +16.5% |
| Recurring financial income | 75 | €2,687 | €3,131 | +€444 | +16.5% |
| Financial charges | 65/66B | €8,814 | €3,430 | -€5,383 | -61.1% |
| Recurring financial charges | 65 | €8,814 | €3,430 | -€5,383 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €7,973 | €56,643 | +€48,670 | +610.4% |
| Transfer from deferred taxes | 780 | €718 | €718 | = | 0.0% |
| Income taxes | 67/77 | €775 | €15,110 | +€14,335 | +1849.0% |
| Profit (loss) for the period | 9904 | €7,916 | €42,251 | +€34,335 | +433.7% |
| Transfer from tax-exempt reserves | 789 | €2,154 | €2,154 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,071 | €44,406 | +€34,335 | +340.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.