SHAPE PROJECTS: 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.
SHAPE PROJECTS
Largest movements
- Receivables within one year -€338,471
down €338,471 (-96.3%), from €351,363 to €12,893
of which Other amounts receivable: -€198,390
- Tangible fixed assets -€167,506
down €167,506 (-11.6%), from €1.4m to €1.3m
of which Land and buildings: -€143,718
- Profit (loss) carried forward -€220,886
new in 2025: -€220,886
- Contributions -€175,000
down €175,000 (-28.1%), from €622,400 to €447,400
- Debts after one year -€94,730
down €94,730 (-17.0%), from €557,846 to €463,117
- Reserves -€75,000
down €75,000 (-28.9%), from €259,959 to €184,959
- Tax, wage and social debts +€33,908
up €33,908 (+49.7%), from €68,175 to €102,083
of which Taxes: +€37,144
- Gross operating margin -€259,209
down €259,209 (-40.2%), from €645,586 to €386,377
- Financial income -€14,588
down €14,588 (-96.3%), from €15,145 to €558
of which Financial income: -€12,598
- Financial charges -€13,253
down €13,253 (-26.3%), from €50,333 to €37,081
- Taxes -€12,712
down €12,712 (-98.0%), from €12,969 to €256
- Other operating charges +€10,010
up €10,010 (+80.2%), from €12,484 to €22,494
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 | €1,839,803 | €1,309,015 | -€530,788 | -28.9% |
| Fixed assets | 21/28 | €1,441,830 | €1,274,324 | -€167,506 | -11.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,441,830 | €1,274,324 | -€167,506 | -11.6% |
| Land and buildings | 22 | €1,289,757 | €1,146,039 | -€143,718 | -11.1% |
| Plant, machinery and equipment | 23 | €130,708 | €110,516 | -€20,191 | -15.4% |
| Furniture and vehicles | 24 | €21,366 | €17,769 | -€3,597 | -16.8% |
| Current assets | 29/58 | €397,973 | €34,691 | -€363,282 | -91.3% |
| Stocks and contracts in progress | 3 | €9,871 | €9,935 | +€65 | +0.7% |
| Stocks | 30/36 | €9,871 | €9,935 | +€65 | +0.7% |
| Amounts receivable within one year | 40/41 | €351,363 | €12,893 | -€338,471 | -96.3% |
| Trade receivables | 40 | €142,174 | €2,093 | -€140,081 | -98.5% |
| Other amounts receivable | 41 | €209,189 | €10,799 | -€198,390 | -94.8% |
| Current investments | 50/53 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Cash at bank and in hand | 54/58 | €12,510 | €2,610 | -€9,899 | -79.1% |
| Deferred charges and accrued income | 490/1 | €16,729 | €4,253 | -€12,477 | -74.6% |
| Total equity and liabilities | 10/49 | €1,839,803 | €1,309,015 | -€530,788 | -28.9% |
| Equity | 10/15 | €882,359 | €411,472 | -€470,886 | -53.4% |
| Contributions | 10/11 | €622,400 | €447,400 | -€175,000 | -28.1% |
| Reserves | 13 | €259,959 | €184,959 | -€75,000 | -28.9% |
| Distributable reserves | 133 | €259,959 | €184,959 | -€75,000 | -28.9% |
| Profit (loss) carried forward | 14 | - | -€220,886 | -€220,886 | |
| Amounts payable | 17/49 | €957,444 | €897,543 | -€59,901 | -6.3% |
| Amounts payable after more than one year | 17 | €557,846 | €463,117 | -€94,730 | -17.0% |
| Financial debts | 170/4 | €557,846 | €463,117 | -€94,730 | -17.0% |
| Amounts payable within one year | 42/48 | €399,598 | €434,426 | +€34,829 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €146,483 | €117,026 | -€29,457 | -20.1% |
| Financial debts | 43 | €110,184 | €102,448 | -€7,736 | -7.0% |
| Credit institutions | 430/8 | €110,184 | €102,448 | -€7,736 | -7.0% |
| Trade debts | 44 | €74,755 | €93,999 | +€19,244 | +25.7% |
| Suppliers | 440/4 | €74,755 | €93,999 | +€19,244 | +25.7% |
| Advances received on contracts in progress | 46 | - | €8,467 | +€8,467 | |
| Taxes, remuneration and social security | 45 | €68,175 | €102,083 | +€33,908 | +49.7% |
| Taxes | 450/3 | €9,639 | €46,783 | +€37,144 | +385.4% |
| Remuneration and social security | 454/9 | €58,536 | €55,300 | -€3,236 | -5.5% |
| Other amounts payable | 47/48 | - | €10,404 | +€10,404 | |
| Non-recurring operating income | 76A | €41,128 | - | -€41,128 | |
| Remuneration, social security and pensions | 62 | €357,216 | €350,495 | -€6,721 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,055 | €197,496 | -€559 | -0.3% |
| Other operating charges | 640/8 | €12,484 | €22,494 | +€10,010 | +80.2% |
| Gross operating margin | 9900 | €645,586 | €386,377 | -€259,209 | -40.2% |
| Operating profit (loss) | 9901 | €77,831 | -€184,107 | -€261,938 | |
| Financial income | 75/76B | €15,145 | €558 | -€14,588 | -96.3% |
| Recurring financial income | 75 | €13,156 | €558 | -€12,598 | -95.8% |
| Non-recurring financial income | 76B | €1,990 | - | -€1,990 | |
| Financial charges | 65/66B | €50,333 | €37,081 | -€13,253 | -26.3% |
| Recurring financial charges | 65 | €50,333 | €37,081 | -€13,253 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €42,642 | -€220,630 | -€263,273 | |
| Income taxes | 67/77 | €12,969 | €256 | -€12,712 | -98.0% |
| Profit (loss) for the period | 9904 | €29,674 | -€220,886 | -€250,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,674 | -€220,886 | -€250,560 |
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 12 October 2026 via checked.be.