SHANA: 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.
SHANA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€23,362
down €23,362 (-25.8%), from €90,576 to €67,214
- Profit (loss) carried forward +€21,249
up €21,249 (+39.2%), from €54,199 to €75,449
- Tax, wage and social debts +€8,498
up €8,498 (+134%), from €6,356 to €14,855
of which Remuneration and social security: +€6,350
- Current portion of long-term debt +€6,332
up €6,332 (+220%), from €2,880 to €9,212
- Debts after one year -€4,740
down €4,740 (-3.2%), from €150,410 to €145,670
of which Financial debts: -€4,740
- Turnover -€113,070
no longer reported in 2025 (was €113,070)
- Gross operating margin -€27,657
down €27,657 (-27.6%), from €100,160 to €72,503
- Staff costs -€26,304
no longer reported in 2025 (was €26,304)
- Purchases and services -€12,936
no longer reported in 2025 (was €12,936)
- Other operating charges -€5,653
down €5,653 (-20.0%), from €28,273 to €22,620
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 | €380,521 | €384,939 | +€4,418 | +1.2% |
| Fixed assets | 21/28 | €347,545 | €350,559 | +€3,014 | +0.9% |
| Tangible fixed assets | 22/27 | €344,070 | €347,084 | +€3,014 | +0.9% |
| Land and buildings | 22 | €343,375 | €330,115 | -€13,261 | -3.9% |
| Plant, machinery and equipment | 23 | €695 | €16,969 | +€16,275 | +2,343% |
| Financial fixed assets | 28 | €3,475 | €3,475 | = | 0.0% |
| Current assets | 29/58 | €32,976 | €34,380 | +€1,404 | +4.3% |
| Amounts receivable within one year | 40/41 | €19,000 | €19,000 | = | 0.0% |
| Other amounts receivable | 41 | €19,000 | €19,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,976 | €15,380 | +€1,404 | +10.0% |
| Total equity and liabilities | 10/49 | €380,521 | €384,939 | +€4,418 | +1.2% |
| Equity | 10/15 | €119,760 | €141,009 | +€21,249 | +17.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,587 | €3,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,587 | €3,587 | = | 0.0% |
| Legal reserve | 130 | €3,587 | €3,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,199 | €75,449 | +€21,249 | +39.2% |
| Provisions and deferred taxes | 16 | €6,018 | €6,018 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,018 | €6,018 | = | 0.0% |
| Environmental obligations | 163 | €6,018 | €6,018 | = | 0.0% |
| Amounts payable | 17/49 | €254,744 | €237,912 | -€16,831 | -6.6% |
| Amounts payable after more than one year | 17 | €150,410 | €145,670 | -€4,740 | -3.2% |
| Financial debts | 170/4 | €25,172 | €20,432 | -€4,740 | -18.8% |
| Other amounts payable | 178/9 | €125,238 | €125,238 | = | 0.0% |
| Amounts payable within one year | 42/48 | €104,333 | €92,243 | -€12,091 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €2,880 | €9,212 | +€6,332 | +220% |
| Trade debts | 44 | €4,521 | €962 | -€3,559 | -78.7% |
| Suppliers | 440/4 | €4,521 | €962 | -€3,559 | -78.7% |
| Taxes, remuneration and social security | 45 | €6,356 | €14,855 | +€8,498 | +134% |
| Taxes | 450/3 | €6,356 | €8,504 | +€2,148 | +33.8% |
| Remuneration and social security | 454/9 | - | €6,350 | +€6,350 | |
| Other amounts payable | 47/48 | €90,576 | €67,214 | -€23,362 | -25.8% |
| Turnover | 70 | €113,070 | - | -€113,070 | |
| Non-recurring operating income | 76A | €27 | - | -€27 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,936 | - | -€12,936 | |
| Remuneration, social security and pensions | 62 | €26,304 | - | -€26,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,761 | €15,636 | +€876 | +5.9% |
| Other operating charges | 640/8 | €28,273 | €22,620 | -€5,653 | -20.0% |
| Gross operating margin | 9900 | €100,160 | €72,503 | -€27,657 | -27.6% |
| Operating profit (loss) | 9901 | €30,823 | €34,247 | +€3,424 | +11.1% |
| Financial charges | 65/66B | €4,652 | €5,263 | +€612 | +13.2% |
| Recurring financial charges | 65 | €4,652 | €5,263 | +€612 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €26,172 | €28,984 | +€2,812 | +10.7% |
| Income taxes | 67/77 | €8,251 | €7,734 | -€516 | -6.3% |
| Profit (loss) for the period | 9904 | €17,921 | €21,249 | +€3,328 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,921 | €21,249 | +€3,328 | +18.6% |
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 14 October 2026 via checked.be.