SHAMIM: 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.
SHAMIM
Largest movements
- Tangible fixed assets -€42,366
down €42,366 (-25.5%), from €165,909 to €123,543
of which Other tangible fixed assets: -€29,163
- Cash -€5,033
down €5,033 (-15.6%), from €32,219 to €27,187
mainly Debts after one year (-€84,858) and Other debts (-€4,656)
- Debts after one year -€84,858
down €84,858 (-34.2%), from €248,128 to €163,270
- Current portion of long-term debt +€20,731
up €20,731 (+36.0%), from €57,515 to €78,246
- Profit (loss) carried forward +€13,667
up €13,667 (+495.0%), from €2,761 to €16,429
- Trade debts +€7,445
up €7,445 (+14.2%), from €52,557 to €60,001
- Gross operating margin -€23,612
down €23,612 (-13.7%), from €172,202 to €148,590
- Financial charges -€1,858
down €1,858 (-18.1%), from €10,293 to €8,435
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 | €476,080 | €430,823 | -€45,257 | -9.5% |
| Fixed assets | 21/28 | €181,231 | €137,588 | -€43,643 | -24.1% |
| Intangible fixed assets | 21 | €8,291 | €7,014 | -€1,278 | -15.4% |
| Tangible fixed assets | 22/27 | €165,909 | €123,543 | -€42,366 | -25.5% |
| Furniture and vehicles | 24 | €38,485 | €25,282 | -€13,203 | -34.3% |
| Other tangible fixed assets | 26 | €127,424 | €98,261 | -€29,163 | -22.9% |
| Financial fixed assets | 28 | €7,031 | €7,031 | = | 0.0% |
| Current assets | 29/58 | €294,848 | €293,234 | -€1,614 | -0.5% |
| Stocks and contracts in progress | 3 | €245,291 | €245,291 | = | 0.0% |
| Stocks | 30/36 | €245,291 | €245,291 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,416 | €11,629 | +€3,214 | +38.2% |
| Trade receivables | 40 | €8,416 | €5,018 | -€3,398 | -40.4% |
| Other amounts receivable | 41 | - | €6,612 | +€6,612 | |
| Cash at bank and in hand | 54/58 | €32,219 | €27,187 | -€5,033 | -15.6% |
| Deferred charges and accrued income | 490/1 | €8,922 | €9,127 | +€205 | +2.3% |
| Total equity and liabilities | 10/49 | €476,080 | €430,823 | -€45,257 | -9.5% |
| Equity | 10/15 | €102,761 | €116,429 | +€13,667 | +13.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,761 | €16,429 | +€13,667 | +495.0% |
| Amounts payable | 17/49 | €373,318 | €314,394 | -€58,925 | -15.8% |
| Amounts payable after more than one year | 17 | €248,128 | €163,270 | -€84,858 | -34.2% |
| Financial debts | 170/4 | €248,128 | €163,270 | -€84,858 | -34.2% |
| Amounts payable within one year | 42/48 | €125,190 | €151,124 | +€25,933 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €57,515 | €78,246 | +€20,731 | +36.0% |
| Trade debts | 44 | €52,557 | €60,001 | +€7,445 | +14.2% |
| Suppliers | 440/4 | €52,557 | €60,001 | +€7,445 | +14.2% |
| Taxes, remuneration and social security | 45 | €10,463 | €12,876 | +€2,414 | +23.1% |
| Taxes | 450/3 | €4,265 | €7,280 | +€3,015 | +70.7% |
| Remuneration and social security | 454/9 | €6,197 | €5,597 | -€601 | -9.7% |
| Other amounts payable | 47/48 | €4,656 | €0 | -€4,656 | -100.0% |
| Non-recurring operating income | 76A | €154 | €465 | +€310 | +201.0% |
| Remuneration, social security and pensions | 62 | €70,047 | €70,080 | +€33 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,354 | €47,166 | +€812 | +1.8% |
| Other operating charges | 640/8 | €8,246 | €9,076 | +€830 | +10.1% |
| Gross operating margin | 9900 | €172,202 | €148,590 | -€23,612 | -13.7% |
| Operating profit (loss) | 9901 | €47,556 | €22,269 | -€25,288 | -53.2% |
| Financial income | 75/76B | €90 | €146 | +€56 | +62.1% |
| Recurring financial income | 75 | €90 | €146 | +€56 | +62.1% |
| Financial charges | 65/66B | €10,293 | €8,435 | -€1,858 | -18.1% |
| Recurring financial charges | 65 | €10,293 | €8,435 | -€1,858 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €37,354 | €13,980 | -€23,374 | -62.6% |
| Income taxes | 67/77 | €292 | €313 | +€21 | +7.1% |
| Profit (loss) for the period | 9904 | €37,062 | €13,667 | -€23,394 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,062 | €13,667 | -€23,394 | -63.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.