SHAMBALA: 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.
SHAMBALA
Largest movements
- Receivables within one year +€26,149
up €26,149 (+164%), from €15,955 to €42,104
- Cash -€12,897
down €12,897 (-32.1%), from €40,222 to €27,325
mainly Tax, wage and social debts (-€40,265) and Receivables within one year (-€26,149)
- Deferred charges and accrued income +€1,592
up €1,592 (+75.4%), from €2,112 to €3,704
- Tangible fixed assets -€1,272
down €1,272 (-13.5%), from €9,438 to €8,166
- Tax, wage and social debts -€40,265
down €40,265 (-31.4%), from €128,144 to €87,879
of which Taxes: -€28,241
- Profit (loss) carried forward +€20,331
up €20,331 (+13.6%), from -€148,966 to -€128,635
- Other debts +€17,059
up €17,059 (+51.7%), from €32,980 to €50,039
- Trade debts +€15,882
up €15,882 (+53.3%), from €29,824 to €45,706
- Taxes -€140,290
down €140,290 (-94.8%), from €147,983 to €7,693
- Staff costs +€10,034
up €10,034 (+2.3%), from €427,723 to €437,757
- Gross operating margin +€9,431
up €9,431 (+2.0%), from €464,299 to €473,731
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 | €67,897 | €81,299 | +€13,402 | +19.7% |
| Fixed assets | 21/28 | €9,608 | €8,166 | -€1,442 | -15.0% |
| Tangible fixed assets | 22/27 | €9,438 | €8,166 | -€1,272 | -13.5% |
| Furniture and vehicles | 24 | €9,438 | €8,166 | -€1,272 | -13.5% |
| Financial fixed assets | 28 | €170 | €0 | -€170 | -100% |
| Current assets | 29/58 | €58,289 | €73,134 | +€14,845 | +25.5% |
| Amounts receivable within one year | 40/41 | €15,955 | €42,104 | +€26,149 | +164% |
| Trade receivables | 40 | €15,955 | €42,104 | +€26,149 | +164% |
| Cash at bank and in hand | 54/58 | €40,222 | €27,325 | -€12,897 | -32.1% |
| Deferred charges and accrued income | 490/1 | €2,112 | €3,704 | +€1,592 | +75.4% |
| Total equity and liabilities | 10/49 | €67,897 | €81,299 | +€13,402 | +19.7% |
| Equity | 10/15 | -€127,846 | -€107,515 | +€20,331 | +15.9% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €1,920 | €1,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,920 | €1,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,920 | €1,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,966 | -€128,635 | +€20,331 | +13.6% |
| Amounts payable | 17/49 | €195,743 | €188,814 | -€6,929 | -3.5% |
| Amounts payable within one year | 42/48 | €195,459 | €188,814 | -€6,644 | -3.4% |
| Financial debts | 43 | €4,510 | €5,190 | +€680 | +15.1% |
| Credit institutions | 430/8 | €4,510 | €5,190 | +€680 | +15.1% |
| Trade debts | 44 | €29,824 | €45,706 | +€15,882 | +53.3% |
| Suppliers | 440/4 | €29,824 | €45,706 | +€15,882 | +53.3% |
| Taxes, remuneration and social security | 45 | €128,144 | €87,879 | -€40,265 | -31.4% |
| Taxes | 450/3 | €102,150 | €73,909 | -€28,241 | -27.6% |
| Remuneration and social security | 454/9 | €25,995 | €13,970 | -€12,024 | -46.3% |
| Other amounts payable | 47/48 | €32,980 | €50,039 | +€17,059 | +51.7% |
| Accrued charges and deferred income | 492/3 | €285 | €0 | -€285 | -100% |
| Remuneration, social security and pensions | 62 | €427,723 | €437,757 | +€10,034 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,159 | €3,022 | +€863 | +40.0% |
| Other operating charges | 640/8 | €2,948 | €647 | -€2,300 | -78.0% |
| Non-recurring operating charges | 66A | €1,449 | €2,461 | +€1,012 | +69.8% |
| Gross operating margin | 9900 | €464,299 | €473,731 | +€9,431 | +2.0% |
| Operating profit (loss) | 9901 | €30,021 | €29,843 | -€177 | -0.6% |
| Financial income | 75/76B | €1,024 | €1,342 | +€318 | +31.0% |
| Recurring financial income | 75 | €1,024 | €1,342 | +€318 | +31.0% |
| Financial charges | 65/66B | €1,446 | €3,161 | +€1,715 | +119% |
| Recurring financial charges | 65 | €1,446 | €3,161 | +€1,715 | +119% |
| Profit (loss) for the period before taxes | 9903 | €29,599 | €28,024 | -€1,574 | -5.3% |
| Income taxes | 67/77 | €147,983 | €7,693 | -€140,290 | -94.8% |
| Profit (loss) for the period | 9904 | -€118,384 | €20,331 | +€138,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,384 | €20,331 | +€138,716 |
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 16 October 2026 via checked.be.