Shannon: 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.
Shannon
Largest movements
- Tangible fixed assets -€70,226
down €70,226 (-7.2%), from €969,868 to €899,642
- Receivables within one year +€30,432
up €30,432 (+55.9%), from €54,428 to €84,860
of which Trade receivables: +€24,615
- Cash +€20,128
up €20,128 (+40.3%), from €49,902 to €70,030
mainly Depreciation (+€93,116) and Net result for the year (+€89,645)
- Reserves +€89,645
up €89,645 (+41.5%), from €216,102 to €305,747
- Debts after one year -€69,399
down €69,399 (-11.8%), from €587,258 to €517,859
- Tax, wage and social debts +€30,024
new in 2025: €30,024
of which Taxes: +€27,488
- Current portion of long-term debt -€21,292
down €21,292 (-16.7%), from €127,195 to €105,903
- Other debts -€20,602
down €20,602 (-39.5%), from €52,198 to €31,596
- Gross operating margin -€18,488
down €18,488 (-3.6%), from €509,810 to €491,322
- Financial income +€9,007
up €9,007 (+61,024%), from €15 to €9,022
of which Non-recurring financial income: +€9,000
- Depreciation -€5,504
down €5,504 (-5.6%), from €98,620 to €93,116
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 | €1,101,904 | €1,099,196 | -€2,708 | -0.2% |
| Fixed assets | 21/28 | €969,868 | €899,642 | -€70,226 | -7.2% |
| Tangible fixed assets | 22/27 | €969,868 | €899,642 | -€70,226 | -7.2% |
| Land and buildings | 22 | €768,479 | €745,427 | -€23,052 | -3.0% |
| Plant, machinery and equipment | 23 | €106,504 | €80,337 | -€26,167 | -24.6% |
| Furniture and vehicles | 24 | €94,885 | €60,544 | -€34,341 | -36.2% |
| Leasing and similar rights | 25 | - | €13,333 | +€13,333 | |
| Current assets | 29/58 | €132,035 | €199,553 | +€67,518 | +51.1% |
| Stocks and contracts in progress | 3 | €22,341 | €32,312 | +€9,971 | +44.6% |
| Stocks | 30/36 | €22,341 | €32,312 | +€9,971 | +44.6% |
| Amounts receivable within one year | 40/41 | €54,428 | €84,860 | +€30,432 | +55.9% |
| Trade receivables | 40 | €45,528 | €70,144 | +€24,615 | +54.1% |
| Other amounts receivable | 41 | €8,899 | €14,717 | +€5,817 | +65.4% |
| Current investments | 50/53 | €5,364 | €12,350 | +€6,986 | +130% |
| Cash at bank and in hand | 54/58 | €49,902 | €70,030 | +€20,128 | +40.3% |
| Total equity and liabilities | 10/49 | €1,101,904 | €1,099,196 | -€2,708 | -0.2% |
| Equity | 10/15 | €234,702 | €324,347 | +€89,645 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,102 | €305,747 | +€89,645 | +41.5% |
| Distributable reserves | 133 | €216,102 | €305,747 | +€89,645 | +41.5% |
| Amounts payable | 17/49 | €867,202 | €774,849 | -€92,353 | -10.6% |
| Amounts payable after more than one year | 17 | €587,258 | €517,859 | -€69,399 | -11.8% |
| Financial debts | 170/4 | €587,258 | €517,859 | -€69,399 | -11.8% |
| Amounts payable within one year | 42/48 | €279,932 | €256,990 | -€22,942 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €127,195 | €105,903 | -€21,292 | -16.7% |
| Financial debts | 43 | €20,723 | €4,987 | -€15,736 | -75.9% |
| Credit institutions | 430/8 | €20,723 | €4,987 | -€15,736 | -75.9% |
| Trade debts | 44 | €79,816 | €84,480 | +€4,664 | +5.8% |
| Suppliers | 440/4 | €79,816 | €84,480 | +€4,664 | +5.8% |
| Taxes, remuneration and social security | 45 | - | €30,024 | +€30,024 | |
| Taxes | 450/3 | - | €27,488 | +€27,488 | |
| Remuneration and social security | 454/9 | - | €2,536 | +€2,536 | |
| Other amounts payable | 47/48 | €52,198 | €31,596 | -€20,602 | -39.5% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Remuneration, social security and pensions | 62 | €250,360 | €251,890 | +€1,530 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,620 | €93,116 | -€5,504 | -5.6% |
| Other operating charges | 640/8 | €10,331 | €11,800 | +€1,470 | +14.2% |
| Gross operating margin | 9900 | €509,810 | €491,322 | -€18,488 | -3.6% |
| Operating profit (loss) | 9901 | €150,499 | €134,516 | -€15,983 | -10.6% |
| Financial income | 75/76B | €15 | €9,022 | +€9,007 | +61,024% |
| Recurring financial income | 75 | €15 | €22 | +€7 | +48.8% |
| Non-recurring financial income | 76B | - | €9,000 | +€9,000 | |
| Financial charges | 65/66B | €12,786 | €12,366 | -€421 | -3.3% |
| Recurring financial charges | 65 | €12,786 | €12,366 | -€421 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €137,728 | €131,172 | -€6,556 | -4.8% |
| Income taxes | 67/77 | €42,707 | €41,527 | -€1,180 | -2.8% |
| Profit (loss) for the period | 9904 | €95,021 | €89,645 | -€5,376 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,021 | €89,645 | -€5,376 | -5.7% |
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 18 October 2026 via checked.be.