Shalima: 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.
Shalima
Largest movements
- Cash -€115,146
down €115,146 (-98.5%), from €116,866 to €1,721
mainly Receivables within one year (-€27,707) and Trade debts (-€24,332)
- Receivables within one year +€27,707
up €27,707 (+283.4%), from €9,775 to €37,483
of which Trade receivables: +€26,789
- Tangible fixed assets -€1,966
down €1,966 (-83.3%), from €2,361 to €395
of which Furniture and vehicles: -€1,005
- Trade debts -€24,332
down €24,332 (-92.1%), from €26,411 to €2,079
- Profit (loss) carried forward -€20,452
down €20,452 (-252.5%), from -€8,099 to -€28,550
- Tax, wage and social debts -€20,155
down €20,155 (-87.3%), from €23,089 to €2,934
of which Taxes: -€21,155
- Debts after one year -€12,500
down €12,500 (-100.0%), from €12,500 to €0
- Other debts -€11,019
down €11,019 (-62.2%), from €17,718 to €6,699
- Gross operating margin -€50,375
down €50,375, from €34,254 to -€16,121
- Taxes -€2,575
down €2,575 (-93.5%), from €2,755 to €180
- Depreciation -€1,374
down €1,374 (-41.1%), from €3,340 to €1,966
- Financial charges -€470
down €470 (-21.3%), from €2,209 to €1,739
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 | €132,945 | €43,711 | -€89,234 | -67.1% |
| Fixed assets | 21/28 | €4,681 | €2,715 | -€1,966 | -42.0% |
| Tangible fixed assets | 22/27 | €2,361 | €395 | -€1,966 | -83.3% |
| Plant, machinery and equipment | 23 | €961 | €0 | -€961 | -100.0% |
| Furniture and vehicles | 24 | €1,400 | €395 | -€1,005 | -71.8% |
| Financial fixed assets | 28 | €2,320 | €2,320 | = | 0.0% |
| Current assets | 29/58 | €128,264 | €40,996 | -€87,268 | -68.0% |
| Amounts receivable within one year | 40/41 | €9,775 | €37,483 | +€27,707 | +283.4% |
| Trade receivables | 40 | €6,999 | €33,788 | +€26,789 | +382.8% |
| Other amounts receivable | 41 | €2,776 | €3,694 | +€918 | +33.1% |
| Cash at bank and in hand | 54/58 | €116,866 | €1,721 | -€115,146 | -98.5% |
| Deferred charges and accrued income | 490/1 | €1,622 | €1,793 | +€170 | +10.5% |
| Total equity and liabilities | 10/49 | €132,945 | €43,711 | -€89,234 | -67.1% |
| Equity | 10/15 | €35,926 | €15,474 | -€20,452 | -56.9% |
| Reserves | 13 | €44,025 | €44,025 | = | 0.0% |
| Distributable reserves | 133 | €44,025 | €44,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,099 | -€28,550 | -€20,452 | -252.5% |
| Amounts payable | 17/49 | €97,019 | €28,237 | -€68,782 | -70.9% |
| Amounts payable after more than one year | 17 | €12,500 | €0 | -€12,500 | -100.0% |
| Financial debts | 170/4 | €12,500 | €0 | -€12,500 | -100.0% |
| Amounts payable within one year | 42/48 | €84,519 | €27,997 | -€56,522 | -66.9% |
| Current portion of amounts payable after more than one year | 42 | €17,300 | €12,500 | -€4,800 | -27.7% |
| Financial debts | 43 | - | €3,784 | +€3,784 | |
| Credit institutions | 430/8 | - | €3,784 | +€3,784 | |
| Trade debts | 44 | €26,411 | €2,079 | -€24,332 | -92.1% |
| Suppliers | 440/4 | €26,411 | €2,079 | -€24,332 | -92.1% |
| Taxes, remuneration and social security | 45 | €23,089 | €2,934 | -€20,155 | -87.3% |
| Taxes | 450/3 | €23,089 | €1,934 | -€21,155 | -91.6% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €17,718 | €6,699 | -€11,019 | -62.2% |
| Accrued charges and deferred income | 492/3 | - | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,340 | €1,966 | -€1,374 | -41.1% |
| Other operating charges | 640/8 | €387 | €552 | +€164 | +42.4% |
| Gross operating margin | 9900 | €34,254 | -€16,121 | -€50,375 | |
| Operating profit (loss) | 9901 | €30,527 | -€18,639 | -€49,166 | |
| Financial income | 75/76B | €180 | €106 | -€74 | -41.1% |
| Recurring financial income | 75 | €180 | €106 | -€74 | -41.1% |
| Financial charges | 65/66B | €2,209 | €1,739 | -€470 | -21.3% |
| Recurring financial charges | 65 | €2,209 | €1,739 | -€470 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €28,498 | -€20,272 | -€48,770 | |
| Income taxes | 67/77 | €2,755 | €180 | -€2,575 | -93.5% |
| Profit (loss) for the period | 9904 | €25,744 | -€20,452 | -€46,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,744 | -€20,452 | -€46,196 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.