ShareTEC: 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.
ShareTEC
Largest movements
- Receivables within one year -€23,328
down €23,328 (-50.9%), from €45,787 to €22,458
of which Other amounts receivable: -€28,594
- Cash +€19,485
up €19,485 (+22.5%), from €86,589 to €106,073
mainly Net result for the year (+€28,106) and Receivables within one year (+€23,328)
- Tangible fixed assets -€17,717
down €17,717 (-6.3%), from €282,310 to €264,593
of which Land and buildings: -€13,367
- Current investments +€8,500
up €8,500 (+27.0%), from €31,491 to €39,991
- Reserves +€28,106
up €28,106 (+16.6%), from €169,387 to €197,492
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Trade debts -€11,120
down €11,120 (-82.1%), from €13,547 to €2,427
- Current portion of long-term debt -€9,014
down €9,014 (-36.6%), from €24,598 to €15,584
- Gross operating margin -€19,941
down €19,941 (-24.7%), from €80,869 to €60,928
- Taxes -€7,393
down €7,393 (-38.9%), from €19,017 to €11,624
- Financial income +€4,635
up €4,635 (+249.7%), from €1,856 to €6,491
- Depreciation +€2,085
up €2,085 (+11.8%), from €17,696 to €19,781
- Other operating charges +€1,213
up €1,213 (+164.6%), from €737 to €1,950
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 | €449,704 | €436,857 | -€12,848 | -2.9% |
| Fixed assets | 21/28 | €282,310 | €264,593 | -€17,717 | -6.3% |
| Tangible fixed assets | 22/27 | €282,310 | €264,593 | -€17,717 | -6.3% |
| Land and buildings | 22 | €263,404 | €250,037 | -€13,367 | -5.1% |
| Plant, machinery and equipment | 23 | €13,412 | €10,997 | -€2,415 | -18.0% |
| Furniture and vehicles | 24 | €155 | - | -€155 | |
| Leasing and similar rights | 25 | €5,339 | €3,559 | -€1,780 | -33.3% |
| Current assets | 29/58 | €167,394 | €172,264 | +€4,869 | +2.9% |
| Amounts receivable within one year | 40/41 | €45,787 | €22,458 | -€23,328 | -50.9% |
| Trade receivables | 40 | €15,108 | €20,374 | +€5,266 | +34.9% |
| Other amounts receivable | 41 | €30,679 | €2,085 | -€28,594 | -93.2% |
| Current investments | 50/53 | €31,491 | €39,991 | +€8,500 | +27.0% |
| Cash at bank and in hand | 54/58 | €86,589 | €106,073 | +€19,485 | +22.5% |
| Deferred charges and accrued income | 490/1 | €3,528 | €3,741 | +€213 | +6.0% |
| Total equity and liabilities | 10/49 | €449,704 | €436,857 | -€12,848 | -2.9% |
| Equity | 10/15 | €187,987 | €197,492 | +€9,506 | +5.1% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €169,387 | €197,492 | +€28,106 | +16.6% |
| Distributable reserves | 133 | €169,387 | €197,492 | +€28,106 | +16.6% |
| Amounts payable | 17/49 | €261,718 | €239,364 | -€22,353 | -8.5% |
| Amounts payable after more than one year | 17 | €206,193 | €202,690 | -€3,503 | -1.7% |
| Financial debts | 170/4 | €206,193 | €202,690 | -€3,503 | -1.7% |
| Amounts payable within one year | 42/48 | €55,524 | €36,674 | -€18,850 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €24,598 | €15,584 | -€9,014 | -36.6% |
| Trade debts | 44 | €13,547 | €2,427 | -€11,120 | -82.1% |
| Suppliers | 440/4 | €13,547 | €2,427 | -€11,120 | -82.1% |
| Taxes, remuneration and social security | 45 | €17,379 | €15,166 | -€2,213 | -12.7% |
| Taxes | 450/3 | €17,379 | €15,166 | -€2,213 | -12.7% |
| Other amounts payable | 47/48 | - | €3,497 | +€3,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,696 | €19,781 | +€2,085 | +11.8% |
| Other operating charges | 640/8 | €737 | €1,950 | +€1,213 | +164.6% |
| Gross operating margin | 9900 | €80,869 | €60,928 | -€19,941 | -24.7% |
| Operating profit (loss) | 9901 | €62,436 | €39,197 | -€23,239 | -37.2% |
| Financial income | 75/76B | €1,856 | €6,491 | +€4,635 | +249.7% |
| Recurring financial income | 75 | €1,856 | €6,491 | +€4,635 | +249.7% |
| Financial charges | 65/66B | €6,709 | €5,959 | -€751 | -11.2% |
| Recurring financial charges | 65 | €6,709 | €5,959 | -€751 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €57,584 | €39,730 | -€17,854 | -31.0% |
| Income taxes | 67/77 | €19,017 | €11,624 | -€7,393 | -38.9% |
| Profit (loss) for the period | 9904 | €38,566 | €28,106 | -€10,461 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,566 | €28,106 | -€10,461 | -27.1% |
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 5 October 2026 via checked.be.