ShAkTiMaMMa: 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.
ShAkTiMaMMa
Largest movements
- Cash -€95,105
down €95,105 (-57.8%), from €164,515 to €69,410
mainly Net result for the year (-€22,460) and Receivables within one year (-€21,058)
- Receivables within one year +€21,058
up €21,058 (+115%), from €18,292 to €39,350
of which Other amounts receivable: +€20,807
- Current investments +€12,876
up €12,876 (+6.4%), from €200,000 to €212,876
- Tangible fixed assets -€9,130
down €9,130 (-8.1%), from €112,914 to €103,784
of which Furniture and vehicles: -€5,144
- Profit (loss) carried forward -€22,460
down €22,460 (-13.2%), from €169,955 to €147,495
- Trade debts -€18,266
down €18,266 (-90.3%), from €20,236 to €1,970
- Other debts -€14,309
no longer reported in 2025 (was €14,309)
- Tax, wage and social debts -€12,718
down €12,718 (-55.5%), from €22,913 to €10,195
- Debts after one year -€5,542
down €5,542 (-6.2%), from €89,423 to €83,882
- Gross operating margin -€103,732
down €103,732 (-61.0%), from €169,996 to €66,264
- Taxes -€19,623
no longer reported in 2025 (was €19,623)
- Financial income +€12,908
up €12,908 (+428,844%), from €3 to €12,911
- Depreciation -€2,806
down €2,806 (-17.1%), from €16,449 to €13,643
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 | €505,196 | €432,035 | -€73,161 | -14.5% |
| Fixed assets | 21/28 | €112,914 | €103,784 | -€9,130 | -8.1% |
| Tangible fixed assets | 22/27 | €112,914 | €103,784 | -€9,130 | -8.1% |
| Land and buildings | 22 | €71,055 | €66,956 | -€4,099 | -5.8% |
| Plant, machinery and equipment | 23 | €26,075 | €26,189 | +€114 | +0.4% |
| Furniture and vehicles | 24 | €15,784 | €10,640 | -€5,144 | -32.6% |
| Current assets | 29/58 | €392,282 | €328,251 | -€64,031 | -16.3% |
| Amounts receivable within one year | 40/41 | €18,292 | €39,350 | +€21,058 | +115% |
| Trade receivables | 40 | €12,915 | €13,166 | +€251 | +1.9% |
| Other amounts receivable | 41 | €5,377 | €26,184 | +€20,807 | +387% |
| Current investments | 50/53 | €200,000 | €212,876 | +€12,876 | +6.4% |
| Cash at bank and in hand | 54/58 | €164,515 | €69,410 | -€95,105 | -57.8% |
| Deferred charges and accrued income | 490/1 | €9,475 | €6,615 | -€2,860 | -30.2% |
| Total equity and liabilities | 10/49 | €505,196 | €432,035 | -€73,161 | -14.5% |
| Equity | 10/15 | €352,907 | €330,447 | -€22,460 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,352 | €164,352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €162,492 | €162,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,955 | €147,495 | -€22,460 | -13.2% |
| Amounts payable | 17/49 | €152,289 | €101,588 | -€50,701 | -33.3% |
| Amounts payable after more than one year | 17 | €89,423 | €83,882 | -€5,542 | -6.2% |
| Financial debts | 170/4 | €89,423 | €83,882 | -€5,542 | -6.2% |
| Amounts payable within one year | 42/48 | €62,866 | €17,707 | -€45,159 | -71.8% |
| Current portion of amounts payable after more than one year | 42 | €5,408 | €5,542 | +€133 | +2.5% |
| Trade debts | 44 | €20,236 | €1,970 | -€18,266 | -90.3% |
| Suppliers | 440/4 | €20,236 | €1,970 | -€18,266 | -90.3% |
| Taxes, remuneration and social security | 45 | €22,913 | €10,195 | -€12,718 | -55.5% |
| Taxes | 450/3 | €22,913 | €10,195 | -€12,718 | -55.5% |
| Other amounts payable | 47/48 | €14,309 | - | -€14,309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,449 | €13,643 | -€2,806 | -17.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €169,996 | €66,264 | -€103,732 | -61.0% |
| Operating profit (loss) | 9901 | €153,160 | €52,221 | -€100,938 | -65.9% |
| Financial income | 75/76B | €3 | €12,911 | +€12,908 | +428,844% |
| Recurring financial income | 75 | €3 | €12,911 | +€12,908 | +428,844% |
| Financial charges | 65/66B | €86,687 | €87,593 | +€906 | +1.0% |
| Recurring financial charges | 65 | €86,687 | €87,593 | +€906 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €66,475 | -€22,460 | -€88,936 | |
| Income taxes | 67/77 | €19,623 | - | -€19,623 | |
| Profit (loss) for the period | 9904 | €46,853 | -€22,460 | -€69,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,853 | -€22,460 | -€69,313 |
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 23 October 2026 via checked.be.