SHARP COMPOSITES: 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.
SHARP COMPOSITES
Largest movements
- Intangible fixed assets +€91,887
up €91,887 (+101%), from €90,721 to €182,607
- Tangible fixed assets -€49,075
down €49,075 (-26.1%), from €187,998 to €138,923
of which Plant, machinery and equipment: -€43,201
- Cash +€17,223
up €17,223 (+93.3%), from €18,458 to €35,681
mainly Trade debts (+€129,208) and Depreciation (+€67,088)
- Deferred charges and accrued income -€15,156
down €15,156 (-71.2%), from €21,273 to €6,117
- Receivables within one year +€14,214
up €14,214 (+12.3%), from €115,831 to €130,045
of which Other amounts receivable: +€12,175
- Trade debts +€129,208
up €129,208 (+201%), from €64,283 to €193,492
- Accrued charges and deferred income -€59,672
no longer reported in 2025 (was €59,672)
- Staff costs -€48,751
down €48,751 (-15.7%), from €310,810 to €262,058
- Gross operating margin -€48,001
down €48,001 (-12.7%), from €377,319 to €329,318
- Depreciation +€14,836
up €14,836 (+28.4%), from €52,252 to €67,088
- Taxes -€4,226
down €4,226, from €4,159 to -€67
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 | €434,280 | €493,373 | +€59,093 | +13.6% |
| Fixed assets | 21/28 | €278,718 | €321,530 | +€42,812 | +15.4% |
| Intangible fixed assets | 21 | €90,721 | €182,607 | +€91,887 | +101% |
| Tangible fixed assets | 22/27 | €187,998 | €138,923 | -€49,075 | -26.1% |
| Land and buildings | 22 | €8,441 | €7,817 | -€624 | -7.4% |
| Plant, machinery and equipment | 23 | €161,003 | €117,802 | -€43,201 | -26.8% |
| Furniture and vehicles | 24 | €18,554 | €13,304 | -€5,250 | -28.3% |
| Current assets | 29/58 | €155,562 | €171,842 | +€16,281 | +10.5% |
| Amounts receivable within one year | 40/41 | €115,831 | €130,045 | +€14,214 | +12.3% |
| Trade receivables | 40 | €84,048 | €86,087 | +€2,039 | +2.4% |
| Other amounts receivable | 41 | €31,783 | €43,958 | +€12,175 | +38.3% |
| Cash at bank and in hand | 54/58 | €18,458 | €35,681 | +€17,223 | +93.3% |
| Deferred charges and accrued income | 490/1 | €21,273 | €6,117 | -€15,156 | -71.2% |
| Total equity and liabilities | 10/49 | €434,280 | €493,373 | +€59,093 | +13.6% |
| Equity | 10/15 | €64,354 | €60,175 | -€4,179 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,294 | €52,115 | -€4,179 | -7.4% |
| Amounts payable | 17/49 | €369,926 | €433,197 | +€63,272 | +17.1% |
| Amounts payable after more than one year | 17 | €147,450 | €145,696 | -€1,754 | -1.2% |
| Financial debts | 170/4 | €147,450 | €145,696 | -€1,754 | -1.2% |
| Amounts payable within one year | 42/48 | €162,803 | €287,501 | +€124,698 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €6,687 | €6,112 | -€574 | -8.6% |
| Trade debts | 44 | €64,283 | €193,492 | +€129,208 | +201% |
| Suppliers | 440/4 | €64,283 | €193,492 | +€129,208 | +201% |
| Taxes, remuneration and social security | 45 | €39,609 | €35,416 | -€4,193 | -10.6% |
| Taxes | 450/3 | €4,159 | €4,092 | -€67 | -1.6% |
| Remuneration and social security | 454/9 | €35,450 | €31,324 | -€4,126 | -11.6% |
| Other amounts payable | 47/48 | €52,224 | €52,481 | +€256 | +0.5% |
| Accrued charges and deferred income | 492/3 | €59,672 | - | -€59,672 | |
| Remuneration, social security and pensions | 62 | €310,810 | €262,058 | -€48,751 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,252 | €67,088 | +€14,836 | +28.4% |
| Other operating charges | 640/8 | €1,946 | €2,005 | +€59 | +3.0% |
| Gross operating margin | 9900 | €377,319 | €329,318 | -€48,001 | -12.7% |
| Operating profit (loss) | 9901 | €12,312 | -€1,833 | -€14,145 | |
| Financial income | 75/76B | €167 | €279 | +€112 | +67.1% |
| Recurring financial income | 75 | €167 | €279 | +€112 | +67.1% |
| Financial charges | 65/66B | €1,605 | €2,691 | +€1,086 | +67.7% |
| Recurring financial charges | 65 | €1,605 | €2,691 | +€1,086 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €10,874 | -€4,245 | -€15,119 | |
| Income taxes | 67/77 | €4,159 | -€67 | -€4,226 | |
| Profit (loss) for the period | 9904 | €6,715 | -€4,179 | -€10,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,715 | -€4,179 | -€10,894 |
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 15 October 2026 via checked.be.