SHANTAN: 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.
SHANTAN
Largest movements
- Intangible fixed assets +€16,189
new in 2024: €16,189
- Cash +€9,825
new in 2024: €9,825
mainly Other debts (+€35,000) and Tax, wage and social debts (+€6,929)
- Stocks and contracts +€7,837
new in 2024: €7,837
- Receivables within one year +€3,031
up €3,031 (+57.4%), from €5,281 to €8,311
- Financial fixed assets +€1,600
new in 2024: €1,600
- Other debts +€35,000
new in 2024: €35,000
- Tax, wage and social debts +€6,929
new in 2024: €6,929
- Profit (loss) carried forward -€5,776
down €5,776 (-628%), from -€919 to -€6,696
- Trade debts +€2,330
new in 2024: €2,330
- Gross operating margin -€2,704
new in 2024: -€2,704
- Depreciation +€2,611
new in 2024: €2,611
- Other operating charges +€399
new in 2024: €399
- Financial charges +€62
new in 2024: €62
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,281 | €43,763 | +€38,482 | +729% |
| Fixed assets | 21/28 | - | €17,789 | +€17,789 | |
| Intangible fixed assets | 21 | - | €16,189 | +€16,189 | |
| Financial fixed assets | 28 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €5,281 | €25,974 | +€20,693 | +392% |
| Stocks and contracts in progress | 3 | - | €7,837 | +€7,837 | |
| Stocks | 30/36 | - | €7,837 | +€7,837 | |
| Amounts receivable within one year | 40/41 | €5,281 | €8,311 | +€3,031 | +57.4% |
| Other amounts receivable | 41 | €5,281 | €8,311 | +€3,031 | +57.4% |
| Cash at bank and in hand | 54/58 | - | €9,825 | +€9,825 | |
| Total equity and liabilities | 10/49 | €5,281 | €43,763 | +€38,482 | +729% |
| Equity | 10/15 | €5,281 | -€496 | -€5,776 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€919 | -€6,696 | -€5,776 | -628% |
| Amounts payable | 17/49 | - | €44,259 | +€44,259 | |
| Amounts payable within one year | 42/48 | - | €44,259 | +€44,259 | |
| Trade debts | 44 | - | €2,330 | +€2,330 | |
| Suppliers | 440/4 | - | €2,330 | +€2,330 | |
| Taxes, remuneration and social security | 45 | - | €6,929 | +€6,929 | |
| Taxes | 450/3 | - | €6,929 | +€6,929 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,611 | +€2,611 | |
| Other operating charges | 640/8 | - | €399 | +€399 | |
| Gross operating margin | 9900 | - | -€2,704 | -€2,704 | |
| Operating profit (loss) | 9901 | - | -€5,714 | -€5,714 | |
| Financial charges | 65/66B | - | €62 | +€62 | |
| Recurring financial charges | 65 | - | €62 | +€62 | |
| Profit (loss) for the period before taxes | 9903 | - | -€5,776 | -€5,776 | |
| Profit (loss) for the period | 9904 | - | -€5,776 | -€5,776 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€5,776 | -€5,776 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.