SHAMALLUK: 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.
SHAMALLUK
Largest movements
- Cash +€36,660
up €36,660 (+139%), from €26,349 to €63,009
mainly Net result for the year (+€40,403) and Other debts (+€24,054)
- Tangible fixed assets -€20,780
down €20,780 (-8.3%), from €250,830 to €230,050
of which Furniture and vehicles: -€11,877
- Receivables within one year +€9,441
up €9,441 (+148%), from €6,393 to €15,833
of which Other amounts receivable: +€8,676
- Other debts +€24,054
up €24,054 (+1,663%), from €1,446 to €25,500
- Debts after one year -€18,090
down €18,090 (-10.5%), from €172,243 to €154,153
- Tax, wage and social debts +€10,475
up €10,475 (+59.7%), from €17,546 to €28,021
of which Taxes: +€8,144
- Profit (loss) carried forward +€10,403
up €10,403 (+19.9%), from €52,256 to €62,659
- Gross operating margin +€35,367
up €35,367 (+54.5%), from €64,907 to €100,274
- Turnover +€26,553
up €26,553 (+14.0%), from €189,798 to €216,351
- Depreciation +€13,206
up €13,206 (+133%), from €9,952 to €23,158
- Taxes +€6,296
up €6,296 (+62.9%), from €10,004 to €16,301
- Purchases and services -€5,215
down €5,215 (-4.2%), from €124,891 to €119,675
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 | €284,710 | €312,392 | +€27,682 | +9.7% |
| Fixed assets | 21/28 | €250,830 | €230,050 | -€20,780 | -8.3% |
| Tangible fixed assets | 22/27 | €250,830 | €230,050 | -€20,780 | -8.3% |
| Land and buildings | 22 | €187,772 | €180,100 | -€7,672 | -4.1% |
| Plant, machinery and equipment | 23 | €975 | €475 | -€500 | -51.3% |
| Furniture and vehicles | 24 | €59,359 | €47,481 | -€11,877 | -20.0% |
| Other tangible fixed assets | 26 | €2,724 | €1,994 | -€730 | -26.8% |
| Current assets | 29/58 | €33,880 | €82,342 | +€48,462 | +143% |
| Stocks and contracts in progress | 3 | €1,139 | €1,539 | +€400 | +35.1% |
| Stocks | 30/36 | €1,139 | €1,539 | +€400 | +35.1% |
| Amounts receivable within one year | 40/41 | €6,393 | €15,833 | +€9,441 | +148% |
| Trade receivables | 40 | €884 | €1,648 | +€764 | +86.4% |
| Other amounts receivable | 41 | €5,509 | €14,185 | +€8,676 | +158% |
| Cash at bank and in hand | 54/58 | €26,349 | €63,009 | +€36,660 | +139% |
| Deferred charges and accrued income | 490/1 | - | €1,961 | +€1,961 | |
| Total equity and liabilities | 10/49 | €284,710 | €312,392 | +€27,682 | +9.7% |
| Equity | 10/15 | €74,083 | €84,486 | +€10,403 | +14.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,827 | €18,827 | = | 0.0% |
| Distributable reserves | 133 | €18,827 | €18,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,256 | €62,659 | +€10,403 | +19.9% |
| Amounts payable | 17/49 | €210,627 | €227,906 | +€17,279 | +8.2% |
| Amounts payable after more than one year | 17 | €172,243 | €154,153 | -€18,090 | -10.5% |
| Financial debts | 170/4 | €172,243 | €154,153 | -€18,090 | -10.5% |
| Amounts payable within one year | 42/48 | €38,384 | €73,753 | +€35,369 | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €16,746 | €18,090 | +€1,343 | +8.0% |
| Trade debts | 44 | €2,646 | €2,143 | -€503 | -19.0% |
| Suppliers | 440/4 | €2,646 | €2,143 | -€503 | -19.0% |
| Taxes, remuneration and social security | 45 | €17,546 | €28,021 | +€10,475 | +59.7% |
| Taxes | 450/3 | €10,924 | €19,068 | +€8,144 | +74.6% |
| Remuneration and social security | 454/9 | €6,622 | €8,953 | +€2,331 | +35.2% |
| Other amounts payable | 47/48 | €1,446 | €25,500 | +€24,054 | +1,663% |
| Turnover | 70 | €189,798 | €216,351 | +€26,553 | +14.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,891 | €119,675 | -€5,215 | -4.2% |
| Remuneration, social security and pensions | 62 | €954 | €3,007 | +€2,053 | +215% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,952 | €23,158 | +€13,206 | +133% |
| Other operating charges | 640/8 | €12,892 | €8,223 | -€4,669 | -36.2% |
| Gross operating margin | 9900 | €64,907 | €100,274 | +€35,367 | +54.5% |
| Operating profit (loss) | 9901 | €41,108 | €65,885 | +€24,777 | +60.3% |
| Financial income | 75/76B | €333 | €17 | -€316 | -94.9% |
| Recurring financial income | 75 | €333 | €17 | -€316 | -94.9% |
| Non-recurring financial income | 76B | €333 | - | -€333 | |
| Financial charges | 65/66B | €6,908 | €9,198 | +€2,290 | +33.2% |
| Recurring financial charges | 65 | €5,827 | €9,198 | +€3,371 | +57.8% |
| Non-recurring financial charges | 66B | €1,081 | - | -€1,081 | |
| Profit (loss) for the period before taxes | 9903 | €34,533 | €56,704 | +€22,171 | +64.2% |
| Income taxes | 67/77 | €10,004 | €16,301 | +€6,296 | +62.9% |
| Profit (loss) for the period | 9904 | €24,529 | €40,403 | +€15,874 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,529 | €40,403 | +€15,874 | +64.7% |
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 27 October 2026 via checked.be.