SHAPES MACHINING: what changed
What changed
SHAPES MACHINING
NACE 24.100, Manufacture of basic metals
filed annual accounts (NBB)
Net result for the year
-€385,889
2024 · -€363,764-€22,124
Equity
€2.2m
2024 · -€210,936+€2.4m
Cash
€137,107
2024 · €135,177+€1,930
Balance sheet total
€3.1m
2024 · €3.5m-€391,729
Largest movements
Assets
- Tangible fixed assets -€376,879
down €376,879 (-12.5%), from €3.0m to €2.6m
of which Plant, machinery and equipment: -€218,494
- Stocks and contracts -€50,811
down €50,811 (-38.6%), from €131,713 to €80,902
Equity and liabilities
- Debts after one year -€2.9m
down €2.9m (-88.4%), from €3.3m to €379,081
of which Other amounts payable: -€2.8m
- Contributions +€2.8m
up €2.8m (+366%), from €751,592 to €3.5m
- Profit (loss) carried forward -€385,889
down €385,889 (-38.9%), from -€992,154 to -€1.4m
- Trade debts +€97,675
up €97,675 (+147%), from €66,322 to €163,997
Income statement
- Gross operating margin -€134,973
down €134,973 (-10.3%), from €1.3m to €1.2m
- Staff costs -€82,563
down €82,563 (-6.7%), from €1.2m to €1.1m
- Financial charges -€19,819
down €19,819 (-41.4%), from €47,915 to €28,096
- Financial income +€15,775
up €15,775 (+20,928%), from €75 to €15,851
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€363,764
Gross operating margin
-€134,973
Staff costs
+€82,563
Depreciation
-€5,858
Write-downs
+€361
Other operating charges
-€120
Financial income
+€15,775
Financial charges
+€19,819
Taxes
+€308
Result 2025
-€385,889
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€117,826
Investment
-€3,727
Financing
-€112,168
Cash 2024
€135,177
From operations (derived)
+€117,826
Net result for the year
-€385,889
Depreciation
+€382,938
Stocks and contracts
+€50,811
Receivables within one year
-€32,249
Deferred charges and accrued income
-€4,113
Trade debts
+€97,675
Tax, wage and social debts
+€22,408
Accrued charges and deferred income
-€13,754
Investment (derived)
-€3,727
Investment in fixed assets (net)
-€3,727
Financing
-€112,168
Debts after one year
-€2.9m
Current portion of long-term debt
+€2,855
Short-term financial debts
+€13,951
Contributions, distributions and other
+€2.8m
Cash 2025
€137,107
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,458,675 | €3,066,947 | -€391,729 | -11.3% |
| Fixed assets | 21/28 | €3,044,475 | €2,665,265 | -€379,211 | -12.5% |
| Intangible fixed assets | 21 | €17,969 | €15,638 | -€2,332 | -13.0% |
| Tangible fixed assets | 22/27 | €3,016,256 | €2,639,377 | -€376,879 | -12.5% |
| Land and buildings | 22 | €18,019 | €10,198 | -€7,821 | -43.4% |
| Plant, machinery and equipment | 23 | €2,527,537 | €2,309,043 | -€218,494 | -8.6% |
| Furniture and vehicles | 24 | €47 | €0 | -€47 | -100% |
| Leasing and similar rights | 25 | €470,653 | €320,136 | -€150,517 | -32.0% |
| Financial fixed assets | 28 | €10,250 | €10,250 | = | 0.0% |
| Current assets | 29/58 | €414,200 | €401,682 | -€12,518 | -3.0% |
| Stocks and contracts in progress | 3 | €131,713 | €80,902 | -€50,811 | -38.6% |
| Stocks | 30/36 | €131,713 | €80,902 | -€50,811 | -38.6% |
| Amounts receivable within one year | 40/41 | €146,726 | €178,976 | +€32,249 | +22.0% |
| Trade receivables | 40 | €146,218 | €178,976 | +€32,757 | +22.4% |
| Other amounts receivable | 41 | €508 | €0 | -€508 | -100% |
| Cash at bank and in hand | 54/58 | €135,177 | €137,107 | +€1,930 | +1.4% |
| Deferred charges and accrued income | 490/1 | €584 | €4,697 | +€4,113 | +705% |
| Total equity and liabilities | 10/49 | €3,458,675 | €3,066,947 | -€391,729 | -11.3% |
| Equity | 10/15 | -€210,936 | €2,157,264 | +€2.4m | |
| Contributions | 10/11 | €751,592 | €3,505,681 | +€2.8m | +366% |
| Reserves | 13 | €29,626 | €29,626 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,767 | €27,767 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€992,154 | -€1,378,043 | -€385,889 | -38.9% |
| Amounts payable | 17/49 | €3,669,612 | €909,682 | -€2.8m | -75.2% |
| Amounts payable after more than one year | 17 | €3,262,144 | €379,081 | -€2.9m | -88.4% |
| Financial debts | 170/4 | €508,054 | €379,081 | -€128,974 | -25.4% |
| Other amounts payable | 178/9 | €2,754,089 | €0 | -€2.8m | -100% |
| Amounts payable within one year | 42/48 | €393,714 | €530,602 | +€136,888 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €126,119 | €128,974 | +€2,855 | +2.3% |
| Financial debts | 43 | €69,285 | €83,236 | +€13,951 | +20.1% |
| Credit institutions | 430/8 | €69,285 | €83,236 | +€13,951 | +20.1% |
| Trade debts | 44 | €66,322 | €163,997 | +€97,675 | +147% |
| Suppliers | 440/4 | €66,322 | €163,997 | +€97,675 | +147% |
| Taxes, remuneration and social security | 45 | €131,988 | €154,395 | +€22,408 | +17.0% |
| Taxes | 450/3 | €6,779 | €19,772 | +€12,993 | +192% |
| Remuneration and social security | 454/9 | €125,209 | €134,623 | +€9,414 | +7.5% |
| Accrued charges and deferred income | 492/3 | €13,754 | €0 | -€13,754 | -100% |
| Non-recurring operating income | 76A | - | €10,088 | +€10,088 | |
| Remuneration, social security and pensions | 62 | €1,228,090 | €1,145,526 | -€82,563 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377,080 | €382,938 | +€5,858 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €361 | €0 | -€361 | -100% |
| Other operating charges | 640/8 | €16,048 | €16,168 | +€120 | +0.8% |
| Gross operating margin | 9900 | €1,306,209 | €1,171,236 | -€134,973 | -10.3% |
| Operating profit (loss) | 9901 | -€315,370 | -€373,397 | -€58,027 | -18.4% |
| Financial income | 75/76B | €75 | €15,851 | +€15,775 | +20,928% |
| Recurring financial income | 75 | €75 | €15,851 | +€15,775 | +20,928% |
| Financial charges | 65/66B | €47,915 | €28,096 | -€19,819 | -41.4% |
| Recurring financial charges | 65 | €47,915 | €28,096 | -€19,819 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€363,209 | -€385,642 | -€22,432 | -6.2% |
| Income taxes | 67/77 | €555 | €247 | -€308 | -55.5% |
| Profit (loss) for the period | 9904 | -€363,764 | -€385,889 | -€22,124 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€363,764 | -€385,889 | -€22,124 | -6.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.