SHANIA: 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.
SHANIA
Largest movements
- Tangible fixed assets -€24,189
down €24,189 (-17.3%), from €140,133 to €115,945
of which Other tangible fixed assets: -€12,994
- Other debts +€71,566
up €71,566 (+601.1%), from €11,906 to €83,472
- Profit (loss) carried forward -€69,142
down €69,142 (-18.1%), from -€382,344 to -€451,486
- Depreciation +€1,863
up €1,863 (+6.7%), from €27,825 to €29,688
- Gross operating margin +€1,228
up €1,228 (+3.2%), from -€38,301 to -€37,073
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 | €1,944,410 | €1,932,680 | -€11,730 | -0.6% |
| Fixed assets | 21/28 | €140,133 | €115,945 | -€24,189 | -17.3% |
| Tangible fixed assets | 22/27 | €140,133 | €115,945 | -€24,189 | -17.3% |
| Plant, machinery and equipment | 23 | €20,951 | €19,855 | -€1,096 | -5.2% |
| Furniture and vehicles | 24 | €62,285 | €52,187 | -€10,098 | -16.2% |
| Other tangible fixed assets | 26 | €56,897 | €43,902 | -€12,994 | -22.8% |
| Current assets | 29/58 | €1,804,277 | €1,816,736 | +€12,459 | +0.7% |
| Stocks and contracts in progress | 3 | €1,778,155 | €1,778,155 | = | 0.0% |
| Stocks | 30/36 | €1,778,155 | €1,778,155 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,686 | €31,745 | +€19,059 | +150.2% |
| Trade receivables | 40 | €7,260 | €29,810 | +€22,550 | +310.6% |
| Other amounts receivable | 41 | €5,426 | €1,935 | -€3,491 | -64.3% |
| Cash at bank and in hand | 54/58 | €13,436 | €6,794 | -€6,642 | -49.4% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €1,944,410 | €1,932,680 | -€11,730 | -0.6% |
| Equity | 10/15 | €1,011,256 | €942,114 | -€69,142 | -6.8% |
| Contributions | 10/11 | €1,393,600 | €1,393,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€382,344 | -€451,486 | -€69,142 | -18.1% |
| Amounts payable | 17/49 | €933,154 | €990,566 | +€57,412 | +6.2% |
| Amounts payable after more than one year | 17 | €900,000 | €900,000 | = | 0.0% |
| Other amounts payable | 178/9 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,056 | €90,566 | +€59,510 | +191.6% |
| Trade debts | 44 | €2,350 | €7,094 | +€4,744 | +201.9% |
| Suppliers | 440/4 | €2,350 | €7,094 | +€4,744 | +201.9% |
| Taxes, remuneration and social security | 45 | €16,800 | - | -€16,800 | |
| Taxes | 450/3 | €16,800 | - | -€16,800 | |
| Other amounts payable | 47/48 | €11,906 | €83,472 | +€71,566 | +601.1% |
| Accrued charges and deferred income | 492/3 | €2,097 | - | -€2,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,825 | €29,688 | +€1,863 | +6.7% |
| Other operating charges | 640/8 | €1,110 | €1,170 | +€60 | +5.4% |
| Gross operating margin | 9900 | -€38,301 | -€37,073 | +€1,228 | +3.2% |
| Operating profit (loss) | 9901 | -€67,236 | -€67,931 | -€695 | -1.0% |
| Financial charges | 65/66B | €1,263 | €1,212 | -€52 | -4.1% |
| Recurring financial charges | 65 | €1,263 | €1,212 | -€52 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€68,500 | -€69,142 | -€643 | -0.9% |
| Profit (loss) for the period | 9904 | -€68,500 | -€69,142 | -€643 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,500 | -€69,142 | -€643 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.