Shared Ventures: what changed
Two fiscal 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.
Shared Ventures
Largest movements
- Cash +€38,265
up €38,265 (+42.4%), from €90,196 to €128,462
mainly Net result for the year (+€75,479) and Tax, wage and social debts (+€3,939)
- Receivables within one year +€31,134
up €31,134 (+56.7%), from €54,904 to €86,038
of which Other amounts receivable: +€31,982
- Tangible fixed assets +€9,225
new in 2025: €9,225
- Reserves +€75,479
up €75,479 (+93.2%), from €80,959 to €156,437
- Tax, wage and social debts +€3,939
up €3,939 (+8.8%), from €44,837 to €48,775
of which Taxes: +€3,939
- Gross operating margin -€7,324
down €7,324 (-7.1%), from €103,842 to €96,518
- Financial income +€2,834
up €2,834 (+388186.3%), from €1 to €2,834
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 | €145,267 | €223,821 | +€78,554 | +54.1% |
| Fixed assets | 21/28 | - | €9,225 | +€9,225 | |
| Tangible fixed assets | 22/27 | - | €9,225 | +€9,225 | |
| Land and buildings | 22 | - | €9,225 | +€9,225 | |
| Current assets | 29/58 | €145,267 | €214,596 | +€69,329 | +47.7% |
| Amounts receivable within one year | 40/41 | €54,904 | €86,038 | +€31,134 | +56.7% |
| Trade receivables | 40 | €14,904 | €14,056 | -€848 | -5.7% |
| Other amounts receivable | 41 | €40,000 | €71,982 | +€31,982 | +80.0% |
| Cash at bank and in hand | 54/58 | €90,196 | €128,462 | +€38,265 | +42.4% |
| Deferred charges and accrued income | 490/1 | €167 | €96 | -€71 | -42.4% |
| Total equity and liabilities | 10/49 | €145,267 | €223,821 | +€78,554 | +54.1% |
| Equity | 10/15 | €85,959 | €161,437 | +€75,479 | +87.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,959 | €156,437 | +€75,479 | +93.2% |
| Distributable reserves | 133 | €80,959 | €156,437 | +€75,479 | +93.2% |
| Amounts payable | 17/49 | €59,309 | €62,384 | +€3,075 | +5.2% |
| Amounts payable within one year | 42/48 | €59,309 | €62,384 | +€3,075 | +5.2% |
| Trade debts | 44 | €2,064 | €1,900 | -€164 | -7.9% |
| Suppliers | 440/4 | €2,064 | €1,900 | -€164 | -7.9% |
| Taxes, remuneration and social security | 45 | €44,837 | €48,775 | +€3,939 | +8.8% |
| Taxes | 450/3 | €43,037 | €46,975 | +€3,939 | +9.2% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €12,408 | €11,708 | -€700 | -5.6% |
| Other operating charges | 640/8 | €118 | €531 | +€413 | +350.0% |
| Gross operating margin | 9900 | €103,842 | €96,518 | -€7,324 | -7.1% |
| Operating profit (loss) | 9901 | €103,724 | €95,987 | -€7,737 | -7.5% |
| Financial income | 75/76B | €1 | €2,834 | +€2,834 | +388186.3% |
| Recurring financial income | 75 | €1 | €2,834 | +€2,834 | +388186.3% |
| Financial charges | 65/66B | €1,347 | €1,739 | +€392 | +29.1% |
| Recurring financial charges | 65 | €1,347 | €1,739 | +€392 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €102,377 | €97,083 | -€5,294 | -5.2% |
| Income taxes | 67/77 | €21,418 | €21,604 | +€186 | +0.9% |
| Profit (loss) for the period | 9904 | €80,959 | €75,479 | -€5,480 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,959 | €75,479 | -€5,480 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.