SHAKE & SHAPE CAPITAL: 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 & SHAPE CAPITAL
Largest movements
- Financial fixed assets +€160,977
up €160,977 (+27.0%), from €596,873 to €757,850
- Cash -€28,400
down €28,400 (-23.3%), from €121,961 to €93,561
mainly Investment in fixed assets (net) (-€163,870) and Receivables within one year (-€3,963)
- Reserves +€123,290
up €123,290 (+16.8%), from €734,808 to €858,098
- Tax, wage and social debts +€12,350
up €12,350 (+105.3%), from €11,723 to €24,073
- Gross operating margin +€24,000
up €24,000 (+17.3%), from €138,387 to €162,387
- Taxes +€7,394
up €7,394 (+16.7%), from €44,218 to €51,613
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 | €763,120 | €904,399 | +€141,279 | +18.5% |
| Fixed assets | 21/28 | €598,800 | €761,683 | +€162,883 | +27.2% |
| Tangible fixed assets | 22/27 | €1,927 | €3,833 | +€1,906 | +98.9% |
| Furniture and vehicles | 24 | €1,927 | €3,833 | +€1,906 | +98.9% |
| Financial fixed assets | 28 | €596,873 | €757,850 | +€160,977 | +27.0% |
| Current assets | 29/58 | €164,320 | €142,716 | -€21,604 | -13.1% |
| Amounts receivable within one year | 40/41 | €35,002 | €38,965 | +€3,963 | +11.3% |
| Trade receivables | 40 | €34,147 | €38,965 | +€4,817 | +14.1% |
| Other amounts receivable | 41 | €854 | €0 | -€854 | -100.0% |
| Cash at bank and in hand | 54/58 | €121,961 | €93,561 | -€28,400 | -23.3% |
| Deferred charges and accrued income | 490/1 | €7,357 | €10,191 | +€2,834 | +38.5% |
| Total equity and liabilities | 10/49 | €763,120 | €904,399 | +€141,279 | +18.5% |
| Equity | 10/15 | €741,009 | €864,309 | +€123,300 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €734,808 | €858,098 | +€123,290 | +16.8% |
| Distributable reserves | 133 | €734,808 | €858,098 | +€123,290 | +16.8% |
| Profit (loss) carried forward | 14 | €1 | €12 | +€10 | +778.9% |
| Amounts payable | 17/49 | €22,111 | €40,090 | +€17,979 | +81.3% |
| Amounts payable within one year | 42/48 | €22,111 | €39,548 | +€17,437 | +78.9% |
| Trade debts | 44 | €317 | €2,615 | +€2,297 | +724.4% |
| Suppliers | 440/4 | €317 | €2,615 | +€2,297 | +724.4% |
| Taxes, remuneration and social security | 45 | €11,723 | €24,073 | +€12,350 | +105.3% |
| Taxes | 450/3 | €11,723 | €24,073 | +€12,350 | +105.3% |
| Other amounts payable | 47/48 | €10,070 | €12,860 | +€2,790 | +27.7% |
| Accrued charges and deferred income | 492/3 | - | €542 | +€542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €987 | -€249 | -20.2% |
| Other operating charges | 640/8 | €896 | €925 | +€29 | +3.2% |
| Gross operating margin | 9900 | €138,387 | €162,387 | +€24,000 | +17.3% |
| Operating profit (loss) | 9901 | €136,255 | €160,475 | +€24,220 | +17.8% |
| Financial income | 75/76B | €16,570 | €17,498 | +€928 | +5.6% |
| Recurring financial income | 75 | €16,570 | €17,498 | +€928 | +5.6% |
| Financial charges | 65/66B | €1,038 | €1,227 | +€189 | +18.2% |
| Recurring financial charges | 65 | €1,038 | €1,227 | +€189 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €151,787 | €176,746 | +€24,959 | +16.4% |
| Income taxes | 67/77 | €44,218 | €51,613 | +€7,394 | +16.7% |
| Profit (loss) for the period | 9904 | €107,568 | €125,133 | +€17,565 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,568 | €125,133 | +€17,565 | +16.3% |
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 11 October 2026 via checked.be.