ShareCo: 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.
ShareCo
Largest movements
- Cash +€50,966
up €50,966 (+87.1%), from €58,531 to €109,497
mainly Net result for the year (+€51,982) and Tax, wage and social debts (+€14,912)
- Receivables within one year +€12,380
up €12,380 (+28.1%), from €44,042 to €56,422
- Financial fixed assets +€4,200
new in 2025: €4,200
- Reserves +€51,982
up €51,982 (+124%), from €41,845 to €93,828
- Tax, wage and social debts +€14,912
up €14,912 (+85.1%), from €17,513 to €32,425
of which Taxes: +€11,482
- Trade debts +€3,022
up €3,022 (+7.8%), from €38,501 to €41,523
- Other debts -€2,712
down €2,712 (-77.4%), from €3,505 to €793
- Gross operating margin +€43,188
up €43,188 (+75.7%), from €57,021 to €100,209
- Staff costs +€28,836
new in 2025: €28,836
- Taxes +€3,809
up €3,809 (+30.7%), from €12,405 to €16,214
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 | €106,364 | €173,568 | +€67,205 | +63.2% |
| Fixed assets | 21/28 | €3,791 | €7,650 | +€3,859 | +102% |
| Tangible fixed assets | 22/27 | €3,791 | €3,450 | -€341 | -9.0% |
| Furniture and vehicles | 24 | €3,791 | €3,450 | -€341 | -9.0% |
| Financial fixed assets | 28 | - | €4,200 | +€4,200 | |
| Current assets | 29/58 | €102,573 | €165,919 | +€63,346 | +61.8% |
| Amounts receivable within one year | 40/41 | €44,042 | €56,422 | +€12,380 | +28.1% |
| Trade receivables | 40 | €44,042 | €56,422 | +€12,380 | +28.1% |
| Cash at bank and in hand | 54/58 | €58,531 | €109,497 | +€50,966 | +87.1% |
| Total equity and liabilities | 10/49 | €106,364 | €173,568 | +€67,205 | +63.2% |
| Equity | 10/15 | €46,845 | €98,828 | +€51,982 | +111% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,845 | €93,828 | +€51,982 | +124% |
| Distributable reserves | 133 | €41,845 | €93,828 | +€51,982 | +124% |
| Amounts payable | 17/49 | €59,519 | €74,741 | +€15,222 | +25.6% |
| Amounts payable within one year | 42/48 | €59,519 | €74,741 | +€15,222 | +25.6% |
| Trade debts | 44 | €38,501 | €41,523 | +€3,022 | +7.8% |
| Suppliers | 440/4 | €38,501 | €41,523 | +€3,022 | +7.8% |
| Taxes, remuneration and social security | 45 | €17,513 | €32,425 | +€14,912 | +85.1% |
| Taxes | 450/3 | €17,513 | €28,995 | +€11,482 | +65.6% |
| Remuneration and social security | 454/9 | - | €3,429 | +€3,429 | |
| Other amounts payable | 47/48 | €3,505 | €793 | -€2,712 | -77.4% |
| Remuneration, social security and pensions | 62 | - | €28,836 | +€28,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905 | €1,861 | +€956 | +106% |
| Other operating charges | 640/8 | €1,654 | €1,157 | -€498 | -30.1% |
| Gross operating margin | 9900 | €57,021 | €100,209 | +€43,188 | +75.7% |
| Operating profit (loss) | 9901 | €54,462 | €68,355 | +€13,893 | +25.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €213 | €159 | -€54 | -25.4% |
| Recurring financial charges | 65 | €213 | €159 | -€54 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €54,250 | €68,197 | +€13,947 | +25.7% |
| Income taxes | 67/77 | €12,405 | €16,214 | +€3,809 | +30.7% |
| Profit (loss) for the period | 9904 | €41,845 | €51,982 | +€10,137 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,845 | €51,982 | +€10,137 | +24.2% |
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 20 October 2026 via checked.be.