SHAPE Group: 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.
SHAPE Group
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+58.2%), from €3.0m to €4.8m
of which Other amounts receivable: +€1.8m
- Cash +€998,788
up €998,788 (+109.5%), from €911,889 to €1.9m
mainly Debts after one year (+€2.8m) and Contributions, distributions and other (+€950,000)
- Financial fixed assets +€666,417
up €666,417 (+41.4%), from €1.6m to €2.3m
- Deferred charges and accrued income +€533,167
up €533,167 (+173.9%), from €306,631 to €839,798
- Debts after one year +€2.8m
up €2.8m (+466.0%), from €594,215 to €3.4m
- Contributions +€950,000
up €950,000 (+26.0%), from €3.7m to €4.6m
- Profit (loss) carried forward +€491,328
up €491,328 (+29.0%), from €1.7m to €2.2m
- Other debts -€150,148
down €150,148 (-99.9%), from €150,245 to €98
- Financial income +€548,874
up €548,874 (+174.3%), from €314,938 to €863,812
- Gross operating margin -€246,788
down €246,788 (-3082.3%), from -€8,007 to -€254,794
- Financial charges +€45,334
up €45,334 (+512.1%), from €8,852 to €54,186
- Depreciation +€39,710
up €39,710 (+182.7%), from €21,732 to €61,442
- Taxes -€31,697
down €31,697 (-100.0%), from €31,697 to €0
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 | €6,303,549 | €10,318,954 | +€4.0m | +63.7% |
| Fixed assets | 21/28 | €2,039,029 | €2,750,152 | +€711,123 | +34.9% |
| Intangible fixed assets | 21 | - | €74,076 | +€74,076 | |
| Tangible fixed assets | 22/27 | €430,529 | €401,159 | -€29,370 | -6.8% |
| Plant, machinery and equipment | 23 | €2,213 | €9,595 | +€7,382 | +333.6% |
| Other tangible fixed assets | 26 | €428,316 | €391,564 | -€36,752 | -8.6% |
| Financial fixed assets | 28 | €1,608,500 | €2,274,917 | +€666,417 | +41.4% |
| Current assets | 29/58 | €4,264,519 | €7,568,802 | +€3.3m | +77.5% |
| Amounts receivable within one year | 40/41 | €3,046,000 | €4,818,328 | +€1.8m | +58.2% |
| Trade receivables | 40 | €150,000 | €92,237 | -€57,763 | -38.5% |
| Other amounts receivable | 41 | €2,896,000 | €4,726,090 | +€1.8m | +63.2% |
| Cash at bank and in hand | 54/58 | €911,889 | €1,910,676 | +€998,788 | +109.5% |
| Deferred charges and accrued income | 490/1 | €306,631 | €839,798 | +€533,167 | +173.9% |
| Total equity and liabilities | 10/49 | €6,303,549 | €10,318,954 | +€4.0m | +63.7% |
| Equity | 10/15 | €5,351,227 | €6,792,556 | +€1.4m | +26.9% |
| Contributions | 10/11 | €3,650,000 | €4,600,000 | +€950,000 | +26.0% |
| Reserves | 13 | €5,742 | €5,742 | = | 0.0% |
| Distributable reserves | 133 | €5,742 | €5,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,695,485 | €2,186,814 | +€491,328 | +29.0% |
| Amounts payable | 17/49 | €952,321 | €3,526,399 | +€2.6m | +270.3% |
| Amounts payable after more than one year | 17 | €594,215 | €3,363,155 | +€2.8m | +466.0% |
| Financial debts | 170/4 | €594,215 | €3,363,155 | +€2.8m | +466.0% |
| Amounts payable within one year | 42/48 | €353,794 | €155,368 | -€198,425 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €91,505 | €96,060 | +€4,555 | +5.0% |
| Trade debts | 44 | €83,054 | €59,211 | -€23,843 | -28.7% |
| Suppliers | 440/4 | €83,054 | €59,211 | -€23,843 | -28.7% |
| Taxes, remuneration and social security | 45 | €28,989 | €0 | -€28,989 | -100.0% |
| Taxes | 450/3 | €28,989 | €0 | -€28,989 | -100.0% |
| Other amounts payable | 47/48 | €150,245 | €98 | -€150,148 | -99.9% |
| Accrued charges and deferred income | 492/3 | €4,313 | €7,875 | +€3,562 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,732 | €61,442 | +€39,710 | +182.7% |
| Other operating charges | 640/8 | €1,954 | €2,061 | +€107 | +5.5% |
| Gross operating margin | 9900 | -€8,007 | -€254,794 | -€246,788 | -3082.3% |
| Operating profit (loss) | 9901 | -€31,693 | -€318,297 | -€286,604 | -904.3% |
| Financial income | 75/76B | €314,938 | €863,812 | +€548,874 | +174.3% |
| Recurring financial income | 75 | €314,938 | €863,812 | +€548,874 | +174.3% |
| Financial charges | 65/66B | €8,852 | €54,186 | +€45,334 | +512.1% |
| Recurring financial charges | 65 | €8,852 | €54,186 | +€45,334 | +512.1% |
| Profit (loss) for the period before taxes | 9903 | €274,392 | €491,328 | +€216,936 | +79.1% |
| Income taxes | 67/77 | €31,697 | €0 | -€31,697 | -100.0% |
| Profit (loss) for the period | 9904 | €242,695 | €491,328 | +€248,633 | +102.4% |
| Profit (loss) for the period to be appropriated | 9905 | €242,695 | €491,328 | +€248,633 | +102.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.