SHARPIN: 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.
SHARPIN
Largest movements
- Cash +€219,252
up €219,252 (+185%), from €118,197 to €337,449
mainly Net result for the year (+€112,334) and Receivables within one year (+€46,565)
- Receivables within one year -€46,565
down €46,565 (-50.9%), from €91,395 to €44,831
- Tangible fixed assets -€11,695
down €11,695 (-23.5%), from €49,754 to €38,060
of which Furniture and vehicles: -€10,033
- Reserves +€112,334
up €112,334 (+77.1%), from €145,772 to €258,106
- Tax, wage and social debts +€42,961
up €42,961 (+105%), from €40,750 to €83,712
of which Taxes: +€42,932
- Gross operating margin +€25,392
up €25,392 (+18.6%), from €136,534 to €161,925
- Taxes +€5,962
up €5,962 (+23.5%), from €25,323 to €31,286
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 | €262,807 | €423,247 | +€160,439 | +61.0% |
| Formation expenses | 20 | €2,073 | €1,495 | -€578 | -27.9% |
| Fixed assets | 21/28 | €49,754 | €38,060 | -€11,695 | -23.5% |
| Tangible fixed assets | 22/27 | €49,754 | €38,060 | -€11,695 | -23.5% |
| Plant, machinery and equipment | 23 | €2,669 | €2,008 | -€662 | -24.8% |
| Furniture and vehicles | 24 | €37,783 | €27,750 | -€10,033 | -26.6% |
| Other tangible fixed assets | 26 | €9,302 | €8,302 | -€1,000 | -10.7% |
| Current assets | 29/58 | €210,980 | €383,692 | +€172,712 | +81.9% |
| Amounts receivable within one year | 40/41 | €91,395 | €44,831 | -€46,565 | -50.9% |
| Trade receivables | 40 | €91,395 | €44,831 | -€46,565 | -50.9% |
| Cash at bank and in hand | 54/58 | €118,197 | €337,449 | +€219,252 | +185% |
| Deferred charges and accrued income | 490/1 | €1,387 | €1,412 | +€25 | +1.8% |
| Total equity and liabilities | 10/49 | €262,807 | €423,247 | +€160,439 | +61.0% |
| Equity | 10/15 | €147,772 | €260,106 | +€112,334 | +76.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €145,772 | €258,106 | +€112,334 | +77.1% |
| Distributable reserves | 133 | €145,772 | €258,106 | +€112,334 | +77.1% |
| Amounts payable | 17/49 | €115,036 | €163,141 | +€48,105 | +41.8% |
| Amounts payable within one year | 42/48 | €114,951 | €163,141 | +€48,190 | +41.9% |
| Trade debts | 44 | €1,547 | €3,378 | +€1,832 | +118% |
| Suppliers | 440/4 | €1,547 | €3,378 | +€1,832 | +118% |
| Taxes, remuneration and social security | 45 | €40,750 | €83,712 | +€42,961 | +105% |
| Taxes | 450/3 | €37,577 | €80,509 | +€42,932 | +114% |
| Remuneration and social security | 454/9 | €3,174 | €3,203 | +€29 | +0.9% |
| Other amounts payable | 47/48 | €72,654 | €76,051 | +€3,396 | +4.7% |
| Accrued charges and deferred income | 492/3 | €84 | €0 | -€84 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,376 | €12,893 | +€517 | +4.2% |
| Other operating charges | 640/8 | €259 | €203 | -€56 | -21.6% |
| Gross operating margin | 9900 | €136,534 | €161,925 | +€25,392 | +18.6% |
| Operating profit (loss) | 9901 | €123,899 | €148,829 | +€24,930 | +20.1% |
| Financial charges | 65/66B | €4,353 | €5,209 | +€856 | +19.7% |
| Recurring financial charges | 65 | €4,353 | €5,209 | +€856 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €119,546 | €143,620 | +€24,074 | +20.1% |
| Income taxes | 67/77 | €25,323 | €31,286 | +€5,962 | +23.5% |
| Profit (loss) for the period | 9904 | €94,223 | €112,334 | +€18,112 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €94,223 | €112,334 | +€18,112 | +19.2% |
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 13 October 2026 via checked.be.