SHANDEHOUSE: 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.
SHANDEHOUSE
Largest movements
- Deferred charges and accrued income +€26,382
up €26,382 (+132%), from €20,000 to €46,382
- Cash -€4,265
down €4,265 (-93.9%), from €4,541 to €275
mainly Deferred charges and accrued income (-€26,382) and Trade debts (-€4,050)
- Receivables within one year -€3,052
down €3,052 (-12.5%), from €24,373 to €21,321
of which Other amounts receivable: -€3,676
- Intangible fixed assets -€2,380
down €2,380 (-34.2%), from €6,960 to €4,580
- Profit (loss) carried forward +€19,214
up €19,214 (+41.4%), from €46,366 to €65,580
- Short-term financial debts +€5,912
up €5,912 (+151%), from €3,917 to €9,829
- Trade debts -€4,050
down €4,050 (-14.0%), from €28,900 to €24,850
- Tax, wage and social debts -€3,940
down €3,940 (-11.4%), from €34,657 to €30,717
- Gross operating margin -€3,613
down €3,613 (-11.3%), from €31,922 to €28,309
- Depreciation -€2,311
down €2,311 (-40.5%), from €5,713 to €3,402
- Taxes +€1,129
up €1,129 (+18.9%), from €5,982 to €7,112
- Financial charges -€873
down €873 (-44.3%), from €1,972 to €1,098
- Financial income +€461
up €461 (+17.8%), from €2,586 to €3,047
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 | €115,893 | €133,029 | +€17,136 | +14.8% |
| Fixed assets | 21/28 | €30,174 | €28,245 | -€1,929 | -6.4% |
| Intangible fixed assets | 21 | €6,960 | €4,580 | -€2,380 | -34.2% |
| Tangible fixed assets | 22/27 | €914 | €965 | +€51 | +5.6% |
| Plant, machinery and equipment | 23 | - | €965 | +€965 | |
| Furniture and vehicles | 24 | €914 | €0 | -€914 | -100% |
| Financial fixed assets | 28 | €22,300 | €22,700 | +€400 | +1.8% |
| Current assets | 29/58 | €85,719 | €104,784 | +€19,065 | +22.2% |
| Amounts receivable after more than one year | 29 | €36,806 | €36,806 | = | 0.0% |
| Other amounts receivable | 291 | €36,806 | €36,806 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,373 | €21,321 | -€3,052 | -12.5% |
| Trade receivables | 40 | €16,046 | €16,671 | +€624 | +3.9% |
| Other amounts receivable | 41 | €8,326 | €4,650 | -€3,676 | -44.1% |
| Cash at bank and in hand | 54/58 | €4,541 | €275 | -€4,265 | -93.9% |
| Deferred charges and accrued income | 490/1 | €20,000 | €46,382 | +€26,382 | +132% |
| Total equity and liabilities | 10/49 | €115,893 | €133,029 | +€17,136 | +14.8% |
| Equity | 10/15 | €48,366 | €67,580 | +€19,214 | +39.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,366 | €65,580 | +€19,214 | +41.4% |
| Amounts payable | 17/49 | €67,527 | €65,449 | -€2,078 | -3.1% |
| Amounts payable within one year | 42/48 | €67,473 | €65,395 | -€2,078 | -3.1% |
| Financial debts | 43 | €3,917 | €9,829 | +€5,912 | +151% |
| Credit institutions | 430/8 | €3,917 | €9,829 | +€5,912 | +151% |
| Trade debts | 44 | €28,900 | €24,850 | -€4,050 | -14.0% |
| Suppliers | 440/4 | €28,900 | €24,850 | -€4,050 | -14.0% |
| Taxes, remuneration and social security | 45 | €34,657 | €30,717 | -€3,940 | -11.4% |
| Taxes | 450/3 | €34,657 | €30,717 | -€3,940 | -11.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €54 | €54 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,713 | €3,402 | -€2,311 | -40.5% |
| Other operating charges | 640/8 | €216 | €530 | +€314 | +145% |
| Gross operating margin | 9900 | €31,922 | €28,309 | -€3,613 | -11.3% |
| Operating profit (loss) | 9901 | €25,993 | €24,377 | -€1,616 | -6.2% |
| Financial income | 75/76B | €2,586 | €3,047 | +€461 | +17.8% |
| Recurring financial income | 75 | €2,586 | €3,047 | +€461 | +17.8% |
| Financial charges | 65/66B | €1,972 | €1,098 | -€873 | -44.3% |
| Recurring financial charges | 65 | €1,972 | €1,098 | -€873 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €26,608 | €26,326 | -€282 | -1.1% |
| Income taxes | 67/77 | €5,982 | €7,112 | +€1,129 | +18.9% |
| Profit (loss) for the period | 9904 | €20,626 | €19,214 | -€1,412 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,626 | €19,214 | -€1,412 | -6.8% |
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 26 October 2026 via checked.be.