SHANIS: 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.
SHANIS
Largest movements
- Cash -€26,241
down €26,241 (-21.4%), from €122,747 to €96,506
mainly Trade debts (-€19,336) and Receivables within one year (-€18,616)
- Receivables within one year +€18,616
up €18,616 (+61.1%), from €30,462 to €49,078
of which Trade receivables: +€12,800
- Deferred charges and accrued income +€2,533
up €2,533 (+78.5%), from €3,227 to €5,760
- Trade debts -€19,336
down €19,336 (-28.4%), from €68,004 to €48,668
- Reserves +€13,003
up €13,003 (+16.3%), from €79,554 to €92,557
of which Distributable reserves: +€13,003
- Debts after one year -€11,873
down €11,873 (-43.4%), from €27,370 to €15,497
- Tax, wage and social debts +€8,706
up €8,706 (+265%), from €3,282 to €11,989
of which Taxes: +€8,079
- Other debts +€3,358
up €3,358 (+305%), from €1,100 to €4,459
- Gross operating margin +€20,993
up €20,993 (+18.4%), from €114,164 to €135,157
- Staff costs +€14,095
up €14,095 (+17.9%), from €78,534 to €92,629
- Taxes +€2,400
up €2,400 (+68.3%), from €3,515 to €5,915
- Other operating charges +€2,027
up €2,027 (+60.1%), from €3,370 to €5,397
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 | €209,337 | €203,642 | -€5,695 | -2.7% |
| Fixed assets | 21/28 | €47,514 | €45,850 | -€1,664 | -3.5% |
| Tangible fixed assets | 22/27 | €47,514 | €45,850 | -€1,664 | -3.5% |
| Plant, machinery and equipment | 23 | €6,434 | €3,578 | -€2,856 | -44.4% |
| Furniture and vehicles | 24 | €41,080 | €31,163 | -€9,917 | -24.1% |
| Other tangible fixed assets | 26 | - | €11,108 | +€11,108 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €161,823 | €157,793 | -€4,030 | -2.5% |
| Stocks and contracts in progress | 3 | €5,387 | €6,449 | +€1,062 | +19.7% |
| Stocks | 30/36 | €5,387 | €6,449 | +€1,062 | +19.7% |
| Amounts receivable within one year | 40/41 | €30,462 | €49,078 | +€18,616 | +61.1% |
| Trade receivables | 40 | €20,619 | €33,419 | +€12,800 | +62.1% |
| Other amounts receivable | 41 | €9,844 | €15,659 | +€5,815 | +59.1% |
| Cash at bank and in hand | 54/58 | €122,747 | €96,506 | -€26,241 | -21.4% |
| Deferred charges and accrued income | 490/1 | €3,227 | €5,760 | +€2,533 | +78.5% |
| Total equity and liabilities | 10/49 | €209,337 | €203,642 | -€5,695 | -2.7% |
| Equity | 10/15 | €98,154 | €111,157 | +€13,003 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,554 | €92,557 | +€13,003 | +16.3% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €77,054 | €90,057 | +€13,003 | +16.9% |
| Amounts payable | 17/49 | €111,182 | €92,485 | -€18,698 | -16.8% |
| Amounts payable after more than one year | 17 | €27,370 | €15,497 | -€11,873 | -43.4% |
| Financial debts | 170/4 | €27,370 | €15,497 | -€11,873 | -43.4% |
| Amounts payable within one year | 42/48 | €83,813 | €76,988 | -€6,824 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,426 | €11,873 | +€447 | +3.9% |
| Trade debts | 44 | €68,004 | €48,668 | -€19,336 | -28.4% |
| Suppliers | 440/4 | €68,004 | €48,668 | -€19,336 | -28.4% |
| Taxes, remuneration and social security | 45 | €3,282 | €11,989 | +€8,706 | +265% |
| Taxes | 450/3 | €286 | €8,364 | +€8,079 | +2,827% |
| Remuneration and social security | 454/9 | €2,997 | €3,624 | +€628 | +21.0% |
| Other amounts payable | 47/48 | €1,100 | €4,459 | +€3,358 | +305% |
| Remuneration, social security and pensions | 62 | €78,534 | €92,629 | +€14,095 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,856 | €14,048 | +€1,191 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,370 | €5,397 | +€2,027 | +60.1% |
| Non-recurring operating charges | 66A | €700 | €0 | -€700 | -100% |
| Gross operating margin | 9900 | €114,164 | €135,157 | +€20,993 | +18.4% |
| Operating profit (loss) | 9901 | €18,704 | €23,083 | +€4,379 | +23.4% |
| Financial income | 75/76B | €14 | €100 | +€85 | +593% |
| Recurring financial income | 75 | €14 | €100 | +€85 | +593% |
| Financial charges | 65/66B | €4,965 | €4,265 | -€700 | -14.1% |
| Recurring financial charges | 65 | €4,965 | €4,265 | -€700 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €13,754 | €18,918 | +€5,164 | +37.5% |
| Income taxes | 67/77 | €3,515 | €5,915 | +€2,400 | +68.3% |
| Profit (loss) for the period | 9904 | €10,239 | €13,003 | +€2,764 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,239 | €13,003 | +€2,764 | +27.0% |
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 19 October 2026 via checked.be.