SHARINE: 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.
SHARINE
Largest movements
- Cash +€38,232
up €38,232 (+111%), from €34,426 to €72,658
mainly Net result for the year (+€79,760) and Depreciation (+€19,079)
- Deferred charges and accrued income +€16,067
new in 2025: €16,067
- Intangible fixed assets -€14,031
down €14,031 (-79.1%), from €17,737 to €3,706
- Receivables within one year +€13,060
up €13,060 (+45.1%), from €28,933 to €41,993
- Tangible fixed assets +€10,740
up €10,740 (+117%), from €9,194 to €19,934
of which Plant, machinery and equipment: +€7,972
- Profit (loss) carried forward +€79,760
up €79,760, from -€32,611 to €47,149
- Tax, wage and social debts -€18,791
down €18,791 (-46.5%), from €40,374 to €21,583
of which Taxes: -€15,304
- Debts after one year +€2,271
up €2,271 (+2.1%), from €109,614 to €111,885
- Other operating charges +€26,643
up €26,643 (+497%), from €5,358 to €32,001
- Taxes +€15,434
new in 2025: €15,434
- Staff costs +€11,788
up €11,788 (+3.1%), from €381,781 to €393,569
- Financial charges +€5,984
up €5,984 (+239%), from €2,508 to €8,492
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 | €153,018 | €215,831 | +€62,813 | +41.0% |
| Fixed assets | 21/28 | €82,419 | €79,128 | -€3,291 | -4.0% |
| Intangible fixed assets | 21 | €17,737 | €3,706 | -€14,031 | -79.1% |
| Tangible fixed assets | 22/27 | €9,194 | €19,934 | +€10,740 | +117% |
| Plant, machinery and equipment | 23 | - | €7,972 | +€7,972 | |
| Furniture and vehicles | 24 | €2,559 | €3,186 | +€627 | +24.5% |
| Other tangible fixed assets | 26 | €6,635 | €8,776 | +€2,141 | +32.3% |
| Financial fixed assets | 28 | €55,488 | €55,488 | = | 0.0% |
| Current assets | 29/58 | €70,599 | €136,703 | +€66,104 | +93.6% |
| Stocks and contracts in progress | 3 | €7,140 | €5,885 | -€1,255 | -17.6% |
| Stocks | 30/36 | €7,140 | €5,885 | -€1,255 | -17.6% |
| Amounts receivable within one year | 40/41 | €28,933 | €41,993 | +€13,060 | +45.1% |
| Trade receivables | 40 | €28,933 | €41,993 | +€13,060 | +45.1% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,426 | €72,658 | +€38,232 | +111% |
| Deferred charges and accrued income | 490/1 | - | €16,067 | +€16,067 | |
| Total equity and liabilities | 10/49 | €153,018 | €215,831 | +€62,813 | +41.0% |
| Equity | 10/15 | -€12,151 | €67,609 | +€79,760 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,611 | €47,149 | +€79,760 | |
| Amounts payable | 17/49 | €165,169 | €148,222 | -€16,947 | -10.3% |
| Amounts payable after more than one year | 17 | €109,614 | €111,885 | +€2,271 | +2.1% |
| Other amounts payable | 178/9 | €109,614 | €111,885 | +€2,271 | +2.1% |
| Amounts payable within one year | 42/48 | €55,555 | €36,337 | -€19,218 | -34.6% |
| Trade debts | 44 | €15,181 | €14,754 | -€427 | -2.8% |
| Suppliers | 440/4 | €15,181 | €14,754 | -€427 | -2.8% |
| Taxes, remuneration and social security | 45 | €40,374 | €21,583 | -€18,791 | -46.5% |
| Taxes | 450/3 | €36,278 | €20,974 | -€15,304 | -42.2% |
| Remuneration and social security | 454/9 | €4,096 | €609 | -€3,487 | -85.1% |
| Non-recurring operating income | 76A | €11 | €197 | +€186 | +1,691% |
| Remuneration, social security and pensions | 62 | €381,781 | €393,569 | +€11,788 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,928 | €19,079 | +€2,151 | +12.7% |
| Other operating charges | 640/8 | €5,358 | €32,001 | +€26,643 | +497% |
| Non-recurring operating charges | 66A | €906 | €291 | -€615 | -67.9% |
| Gross operating margin | 9900 | €544,910 | €548,626 | +€3,716 | +0.7% |
| Operating profit (loss) | 9901 | €139,937 | €103,686 | -€36,251 | -25.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,508 | €8,492 | +€5,984 | +239% |
| Recurring financial charges | 65 | €2,508 | €8,492 | +€5,984 | +239% |
| Profit (loss) for the period before taxes | 9903 | €137,431 | €95,194 | -€42,237 | -30.7% |
| Income taxes | 67/77 | - | €15,434 | +€15,434 | |
| Profit (loss) for the period | 9904 | €137,431 | €79,760 | -€57,671 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,431 | €79,760 | -€57,671 | -42.0% |
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 24 October 2026 via checked.be.