Shamir: 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.
Shamir
Largest movements
- Tangible fixed assets -€2,198
down €2,198 (-75.3%), from €2,918 to €720
of which Other tangible fixed assets: -€1,875
- Deferred charges and accrued income -€1,492
down €1,492 (-90.7%), from €1,646 to €154
- Profit (loss) carried forward -€16,539
down €16,539 (-6.3%), from -€263,612 to -€280,150
- Other debts +€15,963
up €15,963 (+6.4%), from €250,695 to €266,657
- Accrued charges and deferred income -€3,148
down €3,148 (-100%), from €3,148 to €0
- Gross operating margin +€27,144
up €27,144 (+97.5%), from -€27,847 to -€703
- Financial charges +€5,097
up €5,097 (+208%), from €2,452 to €7,550
- Other operating charges -€2,650
down €2,650 (-30.3%), from €8,737 to €6,087
- Depreciation -€666
down €666 (-23.3%), from €2,864 to €2,198
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 | €8,911 | €5,248 | -€3,663 | -41.1% |
| Fixed assets | 21/28 | €7,157 | €4,958 | -€2,198 | -30.7% |
| Tangible fixed assets | 22/27 | €2,918 | €720 | -€2,198 | -75.3% |
| Plant, machinery and equipment | 23 | €423 | €100 | -€323 | -76.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,495 | €620 | -€1,875 | -75.2% |
| Financial fixed assets | 28 | €4,238 | €4,238 | = | 0.0% |
| Current assets | 29/58 | €1,754 | €289 | -€1,465 | -83.5% |
| Amounts receivable within one year | 40/41 | €103 | €117 | +€13 | +12.9% |
| Trade receivables | 40 | €63 | €0 | -€63 | -100% |
| Other amounts receivable | 41 | €40 | €117 | +€76 | +190% |
| Cash at bank and in hand | 54/58 | €5 | €19 | +€13 | +257% |
| Deferred charges and accrued income | 490/1 | €1,646 | €154 | -€1,492 | -90.7% |
| Total equity and liabilities | 10/49 | €8,911 | €5,248 | -€3,663 | -41.1% |
| Equity | 10/15 | -€245,012 | -€261,550 | -€16,539 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€263,612 | -€280,150 | -€16,539 | -6.3% |
| Amounts payable | 17/49 | €253,922 | €266,798 | +€12,875 | +5.1% |
| Amounts payable within one year | 42/48 | €250,774 | €266,798 | +€16,024 | +6.4% |
| Trade debts | 44 | €79 | €140 | +€61 | +77.0% |
| Suppliers | 440/4 | €79 | €140 | +€61 | +77.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €250,695 | €266,657 | +€15,963 | +6.4% |
| Accrued charges and deferred income | 492/3 | €3,148 | €0 | -€3,148 | -100% |
| Remuneration, social security and pensions | 62 | €90 | €0 | -€90 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,864 | €2,198 | -€666 | -23.3% |
| Other operating charges | 640/8 | €8,737 | €6,087 | -€2,650 | -30.3% |
| Gross operating margin | 9900 | -€27,847 | -€703 | +€27,144 | +97.5% |
| Operating profit (loss) | 9901 | -€39,539 | -€8,989 | +€30,551 | +77.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,452 | €7,550 | +€5,097 | +208% |
| Recurring financial charges | 65 | €2,452 | €7,550 | +€5,097 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€41,992 | -€16,539 | +€25,453 | +60.6% |
| Profit (loss) for the period | 9904 | -€41,992 | -€16,539 | +€25,453 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,992 | -€16,539 | +€25,453 | +60.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.