SHARKA: 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.
SHARKA
Largest movements
- Current investments +€1.7m
up €1.7m (+67,549%), from €2,485 to €1.7m
- Tangible fixed assets +€920,337
up €920,337 (+48.5%), from €1.9m to €2.8m
of which Land and buildings: +€850,940
- Cash -€578,096
down €578,096 (-94.7%), from €610,728 to €32,632
mainly Current investments (-€1.7m) and Investment in fixed assets (net) (-€515,196)
- Financial fixed assets -€507,000
no longer reported in 2025 (was €507,000)
- Reserves +€1.3m
up €1.3m (+58.8%), from €2.3m to €3.6m
- Tax, wage and social debts +€96,336
up €96,336 (+1,872%), from €5,145 to €101,482
- Debts after one year +€66,534
up €66,534 (+9.7%), from €687,447 to €753,981
of which Financial debts: +€99,932
- Gross operating margin +€1.5m
up €1.5m (+550%), from €264,603 to €1.7m
- Taxes +€103,813
up €103,813 (+228%), from €45,575 to €149,389
- Depreciation +€21,302
up €21,302 (+25.9%), from €82,326 to €103,628
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 | €3,236,418 | €4,753,528 | +€1.5m | +46.9% |
| Fixed assets | 21/28 | €2,408,090 | €2,819,657 | +€411,567 | +17.1% |
| Intangible fixed assets | 21 | €1,769 | - | -€1,769 | |
| Tangible fixed assets | 22/27 | €1,899,320 | €2,819,657 | +€920,337 | +48.5% |
| Land and buildings | 22 | €1,752,531 | €2,603,471 | +€850,940 | +48.6% |
| Plant, machinery and equipment | 23 | €9,077 | €98,528 | +€89,451 | +985% |
| Furniture and vehicles | 24 | €132,490 | €113,139 | -€19,352 | -14.6% |
| Other tangible fixed assets | 26 | €5,222 | €4,520 | -€702 | -13.4% |
| Financial fixed assets | 28 | €507,000 | - | -€507,000 | |
| Current assets | 29/58 | €828,328 | €1,933,871 | +€1.1m | +133% |
| Amounts receivable after more than one year | 29 | €120,291 | €109,382 | -€10,909 | -9.1% |
| Trade receivables | 290 | €120,291 | €109,382 | -€10,909 | -9.1% |
| Amounts receivable within one year | 40/41 | €56,207 | €77,668 | +€21,461 | +38.2% |
| Trade receivables | 40 | €9,760 | €56,263 | +€46,502 | +476% |
| Other amounts receivable | 41 | €46,446 | €21,405 | -€25,041 | -53.9% |
| Current investments | 50/53 | €2,485 | €1,681,290 | +€1.7m | +67,549% |
| Cash at bank and in hand | 54/58 | €610,728 | €32,632 | -€578,096 | -94.7% |
| Deferred charges and accrued income | 490/1 | €38,617 | €32,898 | -€5,718 | -14.8% |
| Total equity and liabilities | 10/49 | €3,236,418 | €4,753,528 | +€1.5m | +46.9% |
| Equity | 10/15 | €2,482,141 | €3,814,026 | +€1.3m | +53.7% |
| Contributions | 10/11 | €212,400 | €212,400 | = | 0.0% |
| Reserves | 13 | €2,266,208 | €3,598,093 | +€1.3m | +58.8% |
| Distributable reserves | 133 | €2,266,208 | €3,598,093 | +€1.3m | +58.8% |
| Profit (loss) carried forward | 14 | €3,534 | €3,534 | = | 0.0% |
| Amounts payable | 17/49 | €754,277 | €939,502 | +€185,225 | +24.6% |
| Amounts payable after more than one year | 17 | €687,447 | €753,981 | +€66,534 | +9.7% |
| Financial debts | 170/4 | €654,049 | €753,981 | +€99,932 | +15.3% |
| Other amounts payable | 178/9 | €33,398 | - | -€33,398 | |
| Amounts payable within one year | 42/48 | €64,044 | €185,521 | +€121,477 | +190% |
| Current portion of amounts payable after more than one year | 42 | €48,126 | €59,784 | +€11,659 | +24.2% |
| Financial debts | 43 | €1,865 | €1,741 | -€124 | -6.7% |
| Credit institutions | 430/8 | €1,865 | €1,741 | -€124 | -6.7% |
| Trade debts | 44 | €8,908 | €22,513 | +€13,606 | +153% |
| Suppliers | 440/4 | €8,908 | €22,513 | +€13,606 | +153% |
| Taxes, remuneration and social security | 45 | €5,145 | €101,482 | +€96,336 | +1,872% |
| Taxes | 450/3 | €5,145 | €101,482 | +€96,336 | +1,872% |
| Accrued charges and deferred income | 492/3 | €2,785 | - | -€2,785 | |
| Non-recurring operating income | 76A | - | €1,493,000 | +€1.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,326 | €103,628 | +€21,302 | +25.9% |
| Other operating charges | 640/8 | €16,256 | €13,878 | -€2,377 | -14.6% |
| Gross operating margin | 9900 | €264,603 | €1,719,251 | +€1.5m | +550% |
| Operating profit (loss) | 9901 | €166,021 | €1,601,745 | +€1.4m | +865% |
| Financial income | 75/76B | €7,649 | €22,688 | +€15,038 | +197% |
| Recurring financial income | 75 | €7,649 | €22,688 | +€15,038 | +197% |
| Financial charges | 65/66B | €23,215 | €26,486 | +€3,271 | +14.1% |
| Recurring financial charges | 65 | €23,215 | €26,486 | +€3,271 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €150,455 | €1,597,947 | +€1.4m | +962% |
| Income taxes | 67/77 | €45,575 | €149,389 | +€103,813 | +228% |
| Profit (loss) for the period | 9904 | €104,879 | €1,448,558 | +€1.3m | +1,281% |
| Profit (loss) for the period to be appropriated | 9905 | €104,879 | €1,448,558 | +€1.3m | +1,281% |
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 18 October 2026 via checked.be.