SHALLWEDESIGN: 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.
SHALLWEDESIGN
Largest movements
- Cash -€30,871
down €30,871 (-73.3%), from €42,118 to €11,247
- Tangible fixed assets -€15,964
down €15,964 (-76.9%), from €20,756 to €4,792
of which Furniture and vehicles: -€14,893
- Profit (loss) carried forward -€39,337
down €39,337 (-30.9%), from €127,241 to €87,904
- Trade debts -€9,926
down €9,926 (-80.5%), from €12,324 to €2,399
- Other debts +€2,091
up €2,091 (+430.8%), from €485 to €2,576
- Gross operating margin -€31,135
down €31,135, from €12,678 to -€18,457
- Financial income -€11,811
no longer reported in 2024 (was €11,811)
- Staff costs +€10,713
up €10,713 (+5740.7%), from €187 to €10,900
- Taxes -€9,542
down €9,542 (-89.2%), from €10,693 to €1,151
- Financial charges +€5,323
up €5,323 (+341.5%), from €1,559 to €6,882
of which Non-recurring financial charges: +€6,788
From the 2022 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,487 | €102,187 | -€48,300 | -32.1% |
| Fixed assets | 21/28 | €20,845 | €4,882 | -€15,964 | -76.6% |
| Tangible fixed assets | 22/27 | €20,756 | €4,792 | -€15,964 | -76.9% |
| Plant, machinery and equipment | 23 | €1,070 | - | -€1,070 | |
| Furniture and vehicles | 24 | €19,685 | €4,792 | -€14,893 | -75.7% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €129,642 | €97,306 | -€32,336 | -24.9% |
| Amounts receivable within one year | 40/41 | €23,538 | €22,724 | -€814 | -3.5% |
| Trade receivables | 40 | €23,481 | €22,668 | -€814 | -3.5% |
| Other amounts receivable | 41 | €56 | €56 | = | 0.0% |
| Current investments | 50/53 | €63,986 | €63,335 | -€651 | -1.0% |
| Cash at bank and in hand | 54/58 | €42,118 | €11,247 | -€30,871 | -73.3% |
| Total equity and liabilities | 10/49 | €150,487 | €102,187 | -€48,300 | -32.1% |
| Equity | 10/15 | €135,366 | €96,029 | -€39,337 | -29.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | €6,250 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Uncalled capital | 101 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,241 | €87,904 | -€39,337 | -30.9% |
| Amounts payable | 17/49 | €15,121 | €6,158 | -€8,963 | -59.3% |
| Amounts payable within one year | 42/48 | €15,121 | €6,158 | -€8,963 | -59.3% |
| Trade debts | 44 | €12,324 | €2,399 | -€9,926 | -80.5% |
| Suppliers | 440/4 | €12,324 | €2,399 | -€9,926 | -80.5% |
| Taxes, remuneration and social security | 45 | €2,311 | €1,184 | -€1,128 | -48.8% |
| Taxes | 450/3 | €2,311 | €1,184 | -€1,128 | -48.8% |
| Other amounts payable | 47/48 | €485 | €2,576 | +€2,091 | +430.8% |
| Remuneration, social security and pensions | 62 | €187 | €10,900 | +€10,713 | +5740.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,512 | €7,192 | -€3,320 | -31.6% |
| Other operating charges | 640/8 | €919 | €1,001 | +€82 | +9.0% |
| Gross operating margin | 9900 | €12,678 | -€18,457 | -€31,135 | |
| Operating profit (loss) | 9901 | €1,061 | -€37,550 | -€38,611 | |
| Financial income | 75/76B | €11,811 | - | -€11,811 | |
| Recurring financial income | 75 | €11,811 | - | -€11,811 | |
| Financial charges | 65/66B | €1,559 | €6,882 | +€5,323 | +341.5% |
| Recurring financial charges | 65 | €1,559 | €94 | -€1,464 | -93.9% |
| Non-recurring financial charges | 66B | - | €6,788 | +€6,788 | |
| Profit (loss) for the period before taxes | 9903 | €11,312 | -€44,432 | -€55,745 | |
| Income taxes | 67/77 | €10,693 | €1,151 | -€9,542 | -89.2% |
| Profit (loss) for the period | 9904 | €620 | -€45,583 | -€46,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €620 | -€45,583 | -€46,203 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.