SHARELOCK: 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.
SHARELOCK
Largest movements
- Cash +€60,303
up €60,303 (+23.9%), from €251,802 to €312,105
mainly Receivables within one year (+€27,005) and Net result for the year (+€26,799)
- Receivables within one year -€27,005
down €27,005 (-54.0%), from €49,978 to €22,973
of which Trade receivables: -€26,681
- Tangible fixed assets -€4,156
down €4,156 (-40.7%), from €10,219 to €6,063
of which Furniture and vehicles: -€3,566
- Reserves +€26,799
up €26,799 (+9.3%), from €288,780 to €315,579
of which Distributable reserves: +€26,799
- Trade debts +€4,167
up €4,167 (+405.9%), from €1,027 to €5,194
- Gross operating margin -€39,593
down €39,593 (-47.7%), from €83,050 to €43,457
- Taxes -€10,973
down €10,973 (-52.6%), from €20,855 to €9,883
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 | €311,998 | €341,141 | +€29,143 | +9.3% |
| Fixed assets | 21/28 | €10,219 | €6,063 | -€4,156 | -40.7% |
| Tangible fixed assets | 22/27 | €10,219 | €6,063 | -€4,156 | -40.7% |
| Plant, machinery and equipment | 23 | €5,844 | €5,254 | -€590 | -10.1% |
| Furniture and vehicles | 24 | €4,375 | €809 | -€3,566 | -81.5% |
| Current assets | 29/58 | €301,779 | €335,078 | +€33,298 | +11.0% |
| Amounts receivable within one year | 40/41 | €49,978 | €22,973 | -€27,005 | -54.0% |
| Trade receivables | 40 | €47,432 | €20,752 | -€26,681 | -56.3% |
| Other amounts receivable | 41 | €2,546 | €2,221 | -€324 | -12.7% |
| Cash at bank and in hand | 54/58 | €251,802 | €312,105 | +€60,303 | +23.9% |
| Total equity and liabilities | 10/49 | €311,998 | €341,141 | +€29,143 | +9.3% |
| Equity | 10/15 | €307,380 | €334,179 | +€26,799 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €288,780 | €315,579 | +€26,799 | +9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €286,920 | €313,719 | +€26,799 | +9.3% |
| Amounts payable | 17/49 | €4,618 | €6,962 | +€2,343 | +50.7% |
| Amounts payable within one year | 42/48 | €4,618 | €6,962 | +€2,343 | +50.7% |
| Trade debts | 44 | €1,027 | €5,194 | +€4,167 | +405.9% |
| Suppliers | 440/4 | €1,027 | €5,194 | +€4,167 | +405.9% |
| Taxes, remuneration and social security | 45 | €3,591 | €1,767 | -€1,824 | -50.8% |
| Taxes | 450/3 | €3,591 | €1,767 | -€1,824 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,896 | €6,444 | +€548 | +9.3% |
| Other operating charges | 640/8 | €734 | €400 | -€334 | -45.5% |
| Gross operating margin | 9900 | €83,050 | €43,457 | -€39,593 | -47.7% |
| Operating profit (loss) | 9901 | €76,420 | €36,613 | -€39,807 | -52.1% |
| Financial charges | 65/66B | €89 | -€69 | -€157 | |
| Recurring financial charges | 65 | €89 | -€69 | -€157 | |
| Profit (loss) for the period before taxes | 9903 | €76,332 | €36,682 | -€39,650 | -51.9% |
| Income taxes | 67/77 | €20,855 | €9,883 | -€10,973 | -52.6% |
| Profit (loss) for the period | 9904 | €55,477 | €26,799 | -€28,677 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,477 | €26,799 | -€28,677 | -51.7% |
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 10 October 2026 via checked.be.