SHARK CONSTRUCT: 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.
SHARK CONSTRUCT
Largest movements
- Receivables within one year -€47,003
down €47,003 (-13.1%), from €358,153 to €311,151
of which Trade receivables: -€56,175
- Cash +€25,983
up €25,983 (+95.4%), from €27,241 to €53,225
mainly Trade debts (+€47,216) and Receivables within one year (+€47,003)
- Tangible fixed assets +€17,438
up €17,438 (+38.3%), from €45,558 to €62,997
of which Furniture and vehicles: +€16,521
- Trade debts +€47,216
up €47,216 (+44.8%), from €105,325 to €152,541
- Advances received -€27,483
down €27,483 (-27.9%), from €98,478 to €70,995
- Other debts -€18,833
down €18,833 (-60.4%), from €31,190 to €12,357
- Gross operating margin +€8,908
up €8,908 (+184.7%), from €4,822 to €13,730
- Financial income -€3,953
down €3,953 (-100.0%), from €3,953 to €0
of which Financial income: -€3,953
- Depreciation +€3,364
up €3,364 (+127.6%), from €2,635 to €5,999
- Financial charges +€920
up €920 (+37.5%), from €2,453 to €3,373
of which Financial charges: +€1,298
- Taxes -€593
down €593 (-50.5%), from €1,173 to €580
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 | €430,953 | €427,372 | -€3,581 | -0.8% |
| Fixed assets | 21/28 | €45,558 | €62,997 | +€17,438 | +38.3% |
| Tangible fixed assets | 22/27 | €45,558 | €62,997 | +€17,438 | +38.3% |
| Land and buildings | 22 | €44,227 | €42,232 | -€1,995 | -4.5% |
| Plant, machinery and equipment | 23 | €1,214 | €4,126 | +€2,912 | +239.9% |
| Furniture and vehicles | 24 | €118 | €16,639 | +€16,521 | +14046.2% |
| Current assets | 29/58 | €385,395 | €364,375 | -€21,020 | -5.5% |
| Amounts receivable within one year | 40/41 | €358,153 | €311,151 | -€47,003 | -13.1% |
| Trade receivables | 40 | €348,727 | €292,552 | -€56,175 | -16.1% |
| Other amounts receivable | 41 | €9,426 | €18,598 | +€9,172 | +97.3% |
| Cash at bank and in hand | 54/58 | €27,241 | €53,225 | +€25,983 | +95.4% |
| Total equity and liabilities | 10/49 | €430,953 | €427,372 | -€3,581 | -0.8% |
| Equity | 10/15 | €50,858 | €50,861 | +€3 | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,858 | €40,861 | +€3 | 0.0% |
| Distributable reserves | 133 | €40,858 | €40,861 | +€3 | 0.0% |
| Amounts payable | 17/49 | €380,096 | €376,511 | -€3,585 | -0.9% |
| Amounts payable after more than one year | 17 | €29,874 | €26,628 | -€3,246 | -10.9% |
| Financial debts | 170/4 | €29,874 | €26,628 | -€3,246 | -10.9% |
| Amounts payable within one year | 42/48 | €241,341 | €241,003 | -€338 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €4,897 | €3,246 | -€1,651 | -33.7% |
| Trade debts | 44 | €105,325 | €152,541 | +€47,216 | +44.8% |
| Suppliers | 440/4 | €105,325 | €152,541 | +€47,216 | +44.8% |
| Advances received on contracts in progress | 46 | €98,478 | €70,995 | -€27,483 | -27.9% |
| Taxes, remuneration and social security | 45 | €1,452 | €1,863 | +€411 | +28.3% |
| Taxes | 450/3 | €1,452 | €1,552 | +€100 | +6.9% |
| Remuneration and social security | 454/9 | - | €311 | +€311 | |
| Other amounts payable | 47/48 | €31,190 | €12,357 | -€18,833 | -60.4% |
| Accrued charges and deferred income | 492/3 | €108,880 | €108,880 | = | 0.0% |
| Non-recurring operating income | 76A | €752 | €625 | -€127 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,635 | €5,999 | +€3,364 | +127.6% |
| Other operating charges | 640/8 | €1,109 | €1,660 | +€551 | +49.6% |
| Non-recurring operating charges | 66A | - | €2,115 | +€2,115 | |
| Gross operating margin | 9900 | €4,822 | €13,730 | +€8,908 | +184.7% |
| Operating profit (loss) | 9901 | €1,077 | €3,956 | +€2,879 | +267.2% |
| Financial income | 75/76B | €3,953 | €0 | -€3,953 | -100.0% |
| Recurring financial income | 75 | €3,953 | €0 | -€3,953 | -100.0% |
| Non-recurring financial income | 76B | €3,953 | €0 | -€3,953 | -100.0% |
| Financial charges | 65/66B | €2,453 | €3,373 | +€920 | +37.5% |
| Recurring financial charges | 65 | €2,075 | €3,373 | +€1,298 | +62.5% |
| Non-recurring financial charges | 66B | €378 | €0 | -€378 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,578 | €583 | -€1,995 | -77.4% |
| Income taxes | 67/77 | €1,173 | €580 | -€593 | -50.5% |
| Profit (loss) for the period | 9904 | €1,405 | €3 | -€1,402 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,405 | €3 | -€1,402 | -99.8% |
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 8 October 2026 via checked.be.