SHARE-PA: 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.
SHARE-PA
Largest movements
- Receivables within one year +€165
up €165 (+10.2%), from €1,622 to €1,787
- Formation expenses -€164
down €164 (-100%), from €164 to €0
- Profit (loss) carried forward -€2,239
down €2,239 (-25.7%), from -€8,698 to -€10,937
- Other debts +€1,773
up €1,773 (+53.4%), from €3,323 to €5,096
- Trade debts +€512
up €512 (+12.4%), from €4,133 to €4,646
- Depreciation +€164
up €164, from €0 to €164
- Gross operating margin -€155
down €155 (-9.6%), from -€1,620 to -€1,775
- Financial charges +€70
up €70 (+30.2%), from €230 to €300
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 | €1,786 | €1,805 | +€19 | +1.1% |
| Formation expenses | 20 | €164 | €0 | -€164 | -100% |
| Current assets | 29/58 | €1,622 | €1,805 | +€183 | +11.3% |
| Amounts receivable within one year | 40/41 | €1,622 | €1,787 | +€165 | +10.2% |
| Other amounts receivable | 41 | €1,622 | €1,787 | +€165 | +10.2% |
| Cash at bank and in hand | 54/58 | - | €18 | +€18 | |
| Total equity and liabilities | 10/49 | €1,786 | €1,805 | +€19 | +1.1% |
| Equity | 10/15 | -€5,698 | -€7,937 | -€2,239 | -39.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,698 | -€10,937 | -€2,239 | -25.7% |
| Amounts payable | 17/49 | €7,484 | €9,742 | +€2,258 | +30.2% |
| Amounts payable within one year | 42/48 | €7,484 | €9,742 | +€2,258 | +30.2% |
| Financial debts | 43 | €13 | €0 | -€13 | -100% |
| Credit institutions | 430/8 | €13 | €0 | -€13 | -100% |
| Trade debts | 44 | €4,133 | €4,646 | +€512 | +12.4% |
| Suppliers | 440/4 | €4,133 | €4,646 | +€512 | +12.4% |
| Taxes, remuneration and social security | 45 | €15 | €0 | -€15 | -100% |
| Taxes | 450/3 | €15 | €0 | -€15 | -100% |
| Other amounts payable | 47/48 | €3,323 | €5,096 | +€1,773 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €164 | +€164 | |
| Gross operating margin | 9900 | -€1,620 | -€1,775 | -€155 | -9.6% |
| Operating profit (loss) | 9901 | -€1,620 | -€1,939 | -€319 | -19.7% |
| Financial charges | 65/66B | €230 | €300 | +€70 | +30.2% |
| Recurring financial charges | 65 | €230 | €300 | +€70 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,851 | -€2,239 | -€388 | -21.0% |
| Profit (loss) for the period | 9904 | -€1,851 | -€2,239 | -€388 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,851 | -€2,239 | -€388 | -21.0% |
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 13 October 2026 via checked.be.