SHAPESHIFT: 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.
SHAPESHIFT
Largest movements
- Cash -€9,086
down €9,086 (-58.8%), from €15,457 to €6,370
mainly Net result for the year (-€10,833) and Deferred charges and accrued income (-€7,780)
- Deferred charges and accrued income +€7,780
new in 2025: €7,780
- Receivables within one year -€7,037
down €7,037 (-16.1%), from €43,652 to €36,615
of which Trade receivables: -€5,710
- Profit (loss) carried forward -€10,833
down €10,833, from €98 to -€10,736
- Trade debts +€6,564
up €6,564 (+33.7%), from €19,489 to €26,053
- Tax, wage and social debts -€4,319
no longer reported in 2025 (was €4,319)
- Gross operating margin -€24,783
down €24,783, from €14,624 to -€10,160
- Taxes -€4,319
no longer reported in 2025 (was €4,319)
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 | €59,472 | €51,129 | -€8,343 | -14.0% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €59,109 | €50,766 | -€8,343 | -14.1% |
| Amounts receivable within one year | 40/41 | €43,652 | €36,615 | -€7,037 | -16.1% |
| Trade receivables | 40 | €29,985 | €24,276 | -€5,710 | -19.0% |
| Other amounts receivable | 41 | €13,667 | €12,339 | -€1,327 | -9.7% |
| Cash at bank and in hand | 54/58 | €15,457 | €6,370 | -€9,086 | -58.8% |
| Deferred charges and accrued income | 490/1 | - | €7,780 | +€7,780 | |
| Total equity and liabilities | 10/49 | €59,472 | €51,129 | -€8,343 | -14.0% |
| Equity | 10/15 | €35,648 | €24,814 | -€10,833 | -30.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,550 | €30,550 | = | 0.0% |
| Distributable reserves | 133 | €30,550 | €30,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98 | -€10,736 | -€10,833 | |
| Amounts payable | 17/49 | €23,824 | €26,314 | +€2,490 | +10.5% |
| Amounts payable within one year | 42/48 | €23,824 | €26,204 | +€2,380 | +10.0% |
| Trade debts | 44 | €19,489 | €26,053 | +€6,564 | +33.7% |
| Suppliers | 440/4 | €19,489 | €26,053 | +€6,564 | +33.7% |
| Taxes, remuneration and social security | 45 | €4,319 | - | -€4,319 | |
| Taxes | 450/3 | €4,319 | - | -€4,319 | |
| Other amounts payable | 47/48 | €15 | €151 | +€135 | +882% |
| Accrued charges and deferred income | 492/3 | - | €111 | +€111 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €14,624 | -€10,160 | -€24,783 | |
| Operating profit (loss) | 9901 | €14,239 | -€10,547 | -€24,786 | |
| Financial charges | 65/66B | €280 | €287 | +€7 | +2.5% |
| Recurring financial charges | 65 | €280 | €287 | +€7 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €13,960 | -€10,833 | -€24,793 | |
| Income taxes | 67/77 | €4,319 | - | -€4,319 | |
| Profit (loss) for the period | 9904 | €9,640 | -€10,833 | -€20,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,640 | -€10,833 | -€20,474 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.