ShaLiv: 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.
ShaLiv
Largest movements
- Cash -€20,817
down €20,817 (-83.7%), from €24,873 to €4,056
mainly Debts after one year (-€37,110) and Net result for the year (-€9,422)
- Tangible fixed assets -€19,534
down €19,534 (-10.3%), from €190,376 to €170,842
of which Land and buildings: -€11,165
- Receivables within one year -€7,872
down €7,872 (-73.3%), from €10,735 to €2,863
of which Other amounts receivable: -€7,872
- Debts after one year -€37,110
down €37,110 (-22.4%), from €165,392 to €128,281
of which Financial debts: -€18,820
- Profit (loss) carried forward -€9,422
down €9,422 (-37.5%), from €25,119 to €15,696
- Gross operating margin -€37,358
down €37,358 (-56.6%), from €66,014 to €28,656
- Taxes -€3,361
down €3,361 (-95.7%), from €3,514 to €152
- Depreciation +€3,094
up €3,094 (+13.9%), from €22,210 to €25,304
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 | €258,207 | €209,060 | -€49,147 | -19.0% |
| Fixed assets | 21/28 | €193,018 | €171,342 | -€21,677 | -11.2% |
| Intangible fixed assets | 21 | €2,143 | - | -€2,143 | |
| Tangible fixed assets | 22/27 | €190,376 | €170,842 | -€19,534 | -10.3% |
| Land and buildings | 22 | €156,310 | €145,145 | -€11,165 | -7.1% |
| Plant, machinery and equipment | 23 | €12,655 | €11,037 | -€1,618 | -12.8% |
| Furniture and vehicles | 24 | €21,410 | €14,659 | -€6,751 | -31.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €65,189 | €37,718 | -€27,471 | -42.1% |
| Stocks and contracts in progress | 3 | €4,330 | €4,330 | = | 0.0% |
| Stocks | 30/36 | €4,330 | €4,330 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,735 | €2,863 | -€7,872 | -73.3% |
| Trade receivables | 40 | €2,789 | €2,789 | = | 0.0% |
| Other amounts receivable | 41 | €7,946 | €74 | -€7,872 | -99.1% |
| Cash at bank and in hand | 54/58 | €24,873 | €4,056 | -€20,817 | -83.7% |
| Deferred charges and accrued income | 490/1 | €25,251 | €26,469 | +€1,218 | +4.8% |
| Total equity and liabilities | 10/49 | €258,207 | €209,060 | -€49,147 | -19.0% |
| Equity | 10/15 | €54,478 | €45,056 | -€9,422 | -17.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €8,900 | €8,900 | = | 0.0% |
| Distributable reserves | 133 | €8,900 | €8,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,119 | €15,696 | -€9,422 | -37.5% |
| Amounts payable | 17/49 | €203,729 | €164,004 | -€39,725 | -19.5% |
| Amounts payable after more than one year | 17 | €165,392 | €128,281 | -€37,110 | -22.4% |
| Financial debts | 170/4 | €145,933 | €127,113 | -€18,820 | -12.9% |
| Other amounts payable | 178/9 | €19,459 | €1,169 | -€18,290 | -94.0% |
| Amounts payable within one year | 42/48 | €38,337 | €35,723 | -€2,615 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €19,857 | €18,820 | -€1,037 | -5.2% |
| Trade debts | 44 | €6,056 | €4,841 | -€1,215 | -20.1% |
| Suppliers | 440/4 | €6,056 | €4,841 | -€1,215 | -20.1% |
| Taxes, remuneration and social security | 45 | €12,424 | €12,061 | -€363 | -2.9% |
| Taxes | 450/3 | €12,424 | €12,061 | -€363 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,210 | €25,304 | +€3,094 | +13.9% |
| Other operating charges | 640/8 | €4,556 | €4,095 | -€461 | -10.1% |
| Gross operating margin | 9900 | €66,014 | €28,656 | -€37,358 | -56.6% |
| Operating profit (loss) | 9901 | €39,247 | -€743 | -€39,991 | |
| Financial income | 75/76B | €195 | €480 | +€284 | +145.9% |
| Recurring financial income | 75 | €195 | €480 | +€284 | +145.9% |
| Financial charges | 65/66B | €9,507 | €9,006 | -€501 | -5.3% |
| Recurring financial charges | 65 | €9,507 | €9,006 | -€501 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €29,935 | -€9,270 | -€39,205 | |
| Income taxes | 67/77 | €3,514 | €152 | -€3,361 | -95.7% |
| Profit (loss) for the period | 9904 | €26,422 | -€9,422 | -€35,844 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,422 | -€9,422 | -€35,844 |
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 7 October 2026 via checked.be.