Shalove: 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.
Shalove
Largest movements
- Cash -€34,791
down €34,791 (-74.8%), from €46,531 to €11,740
mainly Net result for the year (-€15,935) and Receivables within one year (-€14,890)
- Receivables within one year +€14,890
up €14,890, from €0 to €14,890
- Tangible fixed assets +€1,092
new in 2025: €1,092
- Reserves -€15,935
down €15,935 (-84.3%), from €18,902 to €2,967
- Tax, wage and social debts -€4,588
down €4,588 (-50.2%), from €9,137 to €4,549
- Trade debts +€1,930
up €1,930 (+1,092%), from €177 to €2,107
- Accrued charges and deferred income -€892
down €892 (-100%), from €892 to €0
- Other debts +€740
up €740 (+4.5%), from €16,423 to €17,163
- Gross operating margin -€15,559
down €15,559, from €4,000 to -€11,559
- Taxes -€2,153
down €2,153 (-91.5%), from €2,353 to €200
- Other operating charges +€1,272
up €1,272 (+87.6%), from €1,452 to €2,724
- Depreciation +€508
new in 2025: €508
- Financial charges +€308
up €308 (+46.6%), from €662 to €970
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 | €46,531 | €27,785 | -€18,745 | -40.3% |
| Fixed assets | 21/28 | - | €1,092 | +€1,092 | |
| Tangible fixed assets | 22/27 | - | €1,092 | +€1,092 | |
| Furniture and vehicles | 24 | - | €1,092 | +€1,092 | |
| Current assets | 29/58 | €46,531 | €26,694 | -€19,837 | -42.6% |
| Amounts receivable within one year | 40/41 | €0 | €14,890 | +€14,890 | |
| Trade receivables | 40 | €0 | €14,890 | +€14,890 | |
| Cash at bank and in hand | 54/58 | €46,531 | €11,740 | -€34,791 | -74.8% |
| Deferred charges and accrued income | 490/1 | - | €63 | +€63 | |
| Total equity and liabilities | 10/49 | €46,531 | €27,785 | -€18,745 | -40.3% |
| Equity | 10/15 | €19,902 | €3,967 | -€15,935 | -80.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,902 | €2,967 | -€15,935 | -84.3% |
| Distributable reserves | 133 | €18,902 | €2,967 | -€15,935 | -84.3% |
| Amounts payable | 17/49 | €26,628 | €23,818 | -€2,810 | -10.6% |
| Amounts payable within one year | 42/48 | €25,736 | €23,818 | -€1,918 | -7.5% |
| Trade debts | 44 | €177 | €2,107 | +€1,930 | +1,092% |
| Suppliers | 440/4 | €177 | €2,107 | +€1,930 | +1,092% |
| Taxes, remuneration and social security | 45 | €9,137 | €4,549 | -€4,588 | -50.2% |
| Taxes | 450/3 | €9,137 | €4,549 | -€4,588 | -50.2% |
| Other amounts payable | 47/48 | €16,423 | €17,163 | +€740 | +4.5% |
| Accrued charges and deferred income | 492/3 | €892 | €0 | -€892 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €508 | +€508 | |
| Other operating charges | 640/8 | €1,452 | €2,724 | +€1,272 | +87.6% |
| Gross operating margin | 9900 | €4,000 | -€11,559 | -€15,559 | |
| Operating profit (loss) | 9901 | €2,548 | -€14,791 | -€17,339 | |
| Financial income | 75/76B | €27 | €25 | -€1 | -4.6% |
| Recurring financial income | 75 | €27 | €25 | -€1 | -4.6% |
| Financial charges | 65/66B | €662 | €970 | +€308 | +46.6% |
| Recurring financial charges | 65 | €662 | €970 | +€308 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €1,913 | -€15,736 | -€17,649 | |
| Income taxes | 67/77 | €2,353 | €200 | -€2,153 | -91.5% |
| Profit (loss) for the period | 9904 | -€440 | -€15,935 | -€15,495 | -3,523% |
| Profit (loss) for the period to be appropriated | 9905 | -€440 | -€15,935 | -€15,495 | -3,523% |
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.