SHAREEN: 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.
SHAREEN
Largest movements
- Cash +€28,798
up €28,798 (+12605.3%), from €228 to €29,027
mainly Tax, wage and social debts (+€28,053) and Net result for the year (+€17,434)
- Tax, wage and social debts +€28,053
up €28,053 (+374.6%), from €7,489 to €35,542
- Debts after one year -€26,400
down €26,400 (-6.4%), from €411,657 to €385,257
- Profit (loss) carried forward +€17,434
up €17,434 (+1.9%), from -€918,922 to -€901,488
- Trade debts +€9,871
up €9,871 (+76.3%), from €12,946 to €22,817
- Financial charges -€430,913
down €430,913 (-99.9%), from €431,316 to €402
of which Non-recurring financial charges: -€430,956
- Gross operating margin +€27,758
up €27,758 (+120.8%), from €22,972 to €50,730
- Other operating charges +€19,919
up €19,919 (+278.1%), from €7,163 to €27,082
- Taxes +€2,426
up €2,426 (+71.7%), from €3,385 to €5,811
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 | €298,570 | €327,529 | +€28,959 | +9.7% |
| Fixed assets | 21/28 | €264,322 | €264,322 | = | 0.0% |
| Tangible fixed assets | 22/27 | €264,322 | €264,322 | = | 0.0% |
| Land and buildings | 22 | €264,322 | €264,322 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €34,248 | €63,207 | +€28,959 | +84.6% |
| Amounts receivable within one year | 40/41 | €32,520 | €32,629 | +€109 | +0.3% |
| Trade receivables | 40 | €32,520 | €22,140 | -€10,380 | -31.9% |
| Other amounts receivable | 41 | €0 | €10,489 | +€10,489 | |
| Cash at bank and in hand | 54/58 | €228 | €29,027 | +€28,798 | +12605.3% |
| Deferred charges and accrued income | 490/1 | €1,499 | €1,551 | +€52 | +3.5% |
| Total equity and liabilities | 10/49 | €298,570 | €327,529 | +€28,959 | +9.7% |
| Equity | 10/15 | -€133,522 | -€116,088 | +€17,434 | +13.1% |
| Contributions | 10/11 | €714,000 | €714,000 | = | 0.0% |
| Capital | 10 | €714,000 | €714,000 | = | 0.0% |
| Issued capital | 100 | €714,000 | €714,000 | = | 0.0% |
| Reserves | 13 | €71,400 | €71,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,400 | €71,400 | = | 0.0% |
| Legal reserve | 130 | €71,400 | €71,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€918,922 | -€901,488 | +€17,434 | +1.9% |
| Amounts payable | 17/49 | €432,092 | €443,617 | +€11,525 | +2.7% |
| Amounts payable after more than one year | 17 | €411,657 | €385,257 | -€26,400 | -6.4% |
| Other amounts payable | 178/9 | €411,657 | €385,257 | -€26,400 | -6.4% |
| Amounts payable within one year | 42/48 | €20,435 | €58,360 | +€37,925 | +185.6% |
| Trade debts | 44 | €12,946 | €22,817 | +€9,871 | +76.3% |
| Suppliers | 440/4 | €12,946 | €22,817 | +€9,871 | +76.3% |
| Taxes, remuneration and social security | 45 | €7,489 | €35,542 | +€28,053 | +374.6% |
| Taxes | 450/3 | €7,489 | €35,542 | +€28,053 | +374.6% |
| Other operating charges | 640/8 | €7,163 | €27,082 | +€19,919 | +278.1% |
| Gross operating margin | 9900 | €22,972 | €50,730 | +€27,758 | +120.8% |
| Operating profit (loss) | 9901 | €15,809 | €23,648 | +€7,839 | +49.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €431,316 | €402 | -€430,913 | -99.9% |
| Recurring financial charges | 65 | €359 | €402 | +€43 | +11.9% |
| Non-recurring financial charges | 66B | €430,956 | €0 | -€430,956 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€415,506 | €23,246 | +€438,752 | |
| Income taxes | 67/77 | €3,385 | €5,811 | +€2,426 | +71.7% |
| Profit (loss) for the period | 9904 | -€418,891 | €17,434 | +€436,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€418,891 | €17,434 | +€436,326 |
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 30 September 2026 via checked.be.