SHARK SOLUTIONS: 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.
What changed
SHARK SOLUTIONS
NACE 38.210, Materials recovery from waste
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.0m
2024 · -€1.9m-€129,922
Equity
-€10.4m
2024 · -€8.3m-€2.1m
Cash
€20,501
2024 · €0+€20,501
Balance sheet total
€8.2m
2024 · €6.5m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+210%), from €528,368 to €1.6m
of which Trade receivables: +€1.1m
- Stocks and contracts +€298,301
up €298,301 (+36.2%), from €824,496 to €1.1m
- Tangible fixed assets +€205,918
up €205,918 (+4.0%), from €5.1m to €5.3m
of which Plant, machinery and equipment: +€212,405
- Financial fixed assets +€84,762
up €84,762 (+520%), from €16,294 to €101,056
Equity and liabilities
- Debts after one year +€3.8m
up €3.8m (+28.1%), from €13.6m to €17.4m
- Profit (loss) carried forward -€2.1m
down €2.1m (-22.9%), from -€9.1m to -€11.2m
- Current portion of long-term debt +€116,617
new in 2025: €116,617
- Trade debts -€104,770
down €104,770 (-10.2%), from €1.0m to €922,478
Income statement
- Gross operating margin +€356,646
up €356,646, from -€17,860 to €338,786
- Depreciation +€277,442
up €277,442 (+78.9%), from €351,583 to €629,025
- Staff costs +€214,686
up €214,686 (+15.7%), from €1.4m to €1.6m
- Financial charges -€26,433
down €26,433 (-16.8%), from €157,449 to €131,016
- Write-downs +€11,189
new in 2025: €11,189
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.
Result 2024
-€1.9m
Gross operating margin
+€356,646
Staff costs
-€214,686
Depreciation
-€277,442
Write-downs
-€11,189
Other operating charges
-€329
Other operating items
-€7,115
Financial income
-€3,674
Financial charges
+€26,433
Taxes
+€1,433
Result 2025
-€2.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.9m
Investment
-€919,705
Financing
+€3.8m
Cash 2024
€0
From operations (derived)
-€2.9m
Net result for the year
-€2.0m
Depreciation
+€629,025
Stocks and contracts
-€298,301
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€4,648
Trade debts
-€104,770
Tax, wage and social debts
+€16,379
Accrued charges and deferred income
-€26,265
Investment (derived)
-€919,705
Investment in fixed assets (net)
-€919,705
Financing
+€3.8m
Debts after one year
+€3.8m
Current portion of long-term debt
+€116,617
Short-term financial debts
-€14,907
Contributions, distributions and other
-€92,177
Cash 2025
€20,501
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,513,583 | €8,228,788 | +€1.7m | +26.3% |
| Fixed assets | 21/28 | €5,125,131 | €5,415,811 | +€290,680 | +5.7% |
| Tangible fixed assets | 22/27 | €5,108,837 | €5,314,755 | +€205,918 | +4.0% |
| Plant, machinery and equipment | 23 | €5,089,739 | €5,302,144 | +€212,405 | +4.2% |
| Furniture and vehicles | 24 | €14,997 | €9,933 | -€5,064 | -33.8% |
| Other tangible fixed assets | 26 | €4,101 | €2,678 | -€1,423 | -34.7% |
| Financial fixed assets | 28 | €16,294 | €101,056 | +€84,762 | +520% |
| Current assets | 29/58 | €1,388,452 | €2,812,976 | +€1.4m | +103% |
| Stocks and contracts in progress | 3 | €824,496 | €1,122,798 | +€298,301 | +36.2% |
| Stocks | 30/36 | €824,496 | €1,122,798 | +€298,301 | +36.2% |
| Amounts receivable within one year | 40/41 | €528,368 | €1,638,738 | +€1.1m | +210% |
| Trade receivables | 40 | €503,946 | €1,584,551 | +€1.1m | +214% |
| Other amounts receivable | 41 | €24,423 | €54,187 | +€29,765 | +122% |
| Cash at bank and in hand | 54/58 | €0 | €20,501 | +€20,501 | |
| Deferred charges and accrued income | 490/1 | €35,588 | €30,939 | -€4,648 | -13.1% |
| Total equity and liabilities | 10/49 | €6,513,583 | €8,228,788 | +€1.7m | +26.3% |
| Equity | 10/15 | -€8,297,380 | -€10,384,680 | -€2.1m | -25.2% |
| Contributions | 10/11 | €787,600 | €787,600 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,103,730 | -€11,191,030 | -€2.1m | -22.9% |
| Amounts payable | 17/49 | €14,810,964 | €18,613,468 | +€3.8m | +25.7% |
| Amounts payable after more than one year | 17 | €13,587,644 | €17,403,094 | +€3.8m | +28.1% |
| Financial debts | 170/4 | €13,587,644 | €17,403,094 | +€3.8m | +28.1% |
| Amounts payable within one year | 42/48 | €1,121,555 | €1,134,874 | +€13,319 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | - | €116,617 | +€116,617 | |
| Financial debts | 43 | €17,563 | €2,656 | -€14,907 | -84.9% |
| Credit institutions | 430/8 | €17,563 | €2,656 | -€14,907 | -84.9% |
| Trade debts | 44 | €1,027,248 | €922,478 | -€104,770 | -10.2% |
| Suppliers | 440/4 | €1,027,248 | €922,478 | -€104,770 | -10.2% |
| Taxes, remuneration and social security | 45 | €76,744 | €93,123 | +€16,379 | +21.3% |
| Taxes | 450/3 | €684 | €718 | +€33 | +4.9% |
| Remuneration and social security | 454/9 | €76,060 | €92,405 | +€16,346 | +21.5% |
| Accrued charges and deferred income | 492/3 | €101,765 | €75,500 | -€26,265 | -25.8% |
| Remuneration, social security and pensions | 62 | €1,368,897 | €1,583,583 | +€214,686 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,583 | €629,025 | +€277,442 | +78.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,189 | +€11,189 | |
| Other operating charges | 640/8 | €258 | €587 | +€329 | +128% |
| Non-recurring operating charges | 66A | €24,169 | €31,284 | +€7,115 | +29.4% |
| Gross operating margin | 9900 | -€17,860 | €338,786 | +€356,646 | |
| Operating profit (loss) | 9901 | -€1,762,768 | -€1,916,882 | -€154,114 | -8.7% |
| Financial income | 75/76B | €3,674 | €0 | -€3,674 | -100% |
| Recurring financial income | 75 | €3,674 | €0 | -€3,674 | -100% |
| Financial charges | 65/66B | €157,449 | €131,016 | -€26,433 | -16.8% |
| Recurring financial charges | 65 | €157,449 | €131,016 | -€26,433 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,916,542 | -€2,047,898 | -€131,356 | -6.9% |
| Income taxes | 67/77 | -€51,342 | -€52,775 | -€1,433 | -2.8% |
| Profit (loss) for the period | 9904 | -€1,865,200 | -€1,995,123 | -€129,922 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,865,200 | -€1,995,123 | -€129,922 | -7.0% |
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 19 October 2026 via checked.be.