SHAUNA DEWIT: 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.
SHAUNA DEWIT
Largest movements
- Receivables within one year +€69,052
up €69,052 (+117%), from €59,108 to €128,160
of which Trade receivables: +€67,844
- Cash +€17,886
up €17,886 (+22.8%), from €78,434 to €96,320
mainly Net result for the year (+€67,811) and Tax, wage and social debts (+€25,336)
- Profit (loss) carried forward +€67,810
up €67,810 (+85.8%), from €79,048 to €146,858
- Tax, wage and social debts +€25,336
up €25,336 (+50.1%), from €50,594 to €75,930
of which Taxes: +€25,510
- Other debts -€4,299
no longer reported in 2025 (was €4,299)
- Gross operating margin -€13,767
down €13,767 (-12.2%), from €113,031 to €99,264
- Taxes -€2,231
down €2,231 (-10.2%), from €21,896 to €19,665
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 | €138,919 | €227,782 | +€88,863 | +64.0% |
| Fixed assets | 21/28 | €1,117 | €3,028 | +€1,911 | +171% |
| Tangible fixed assets | 22/27 | €760 | €1,471 | +€711 | +93.6% |
| Furniture and vehicles | 24 | €760 | €1,471 | +€711 | +93.6% |
| Financial fixed assets | 28 | €357 | €1,557 | +€1,200 | +336% |
| Current assets | 29/58 | €137,802 | €224,754 | +€86,952 | +63.1% |
| Amounts receivable within one year | 40/41 | €59,108 | €128,160 | +€69,052 | +117% |
| Trade receivables | 40 | €59,108 | €126,952 | +€67,844 | +115% |
| Other amounts receivable | 41 | - | €1,208 | +€1,208 | |
| Cash at bank and in hand | 54/58 | €78,434 | €96,320 | +€17,886 | +22.8% |
| Deferred charges and accrued income | 490/1 | €260 | €274 | +€14 | +5.4% |
| Total equity and liabilities | 10/49 | €138,919 | €227,782 | +€88,863 | +64.0% |
| Equity | 10/15 | €82,048 | €149,858 | +€67,810 | +82.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,048 | €146,858 | +€67,810 | +85.8% |
| Amounts payable | 17/49 | €56,872 | €77,924 | +€21,052 | +37.0% |
| Amounts payable within one year | 42/48 | €56,872 | €77,924 | +€21,052 | +37.0% |
| Trade debts | 44 | €1,979 | €1,994 | +€15 | +0.7% |
| Suppliers | 440/4 | €1,979 | €1,994 | +€15 | +0.7% |
| Taxes, remuneration and social security | 45 | €50,594 | €75,930 | +€25,336 | +50.1% |
| Taxes | 450/3 | €38,947 | €64,457 | +€25,510 | +65.5% |
| Remuneration and social security | 454/9 | €11,647 | €11,473 | -€174 | -1.5% |
| Other amounts payable | 47/48 | €4,299 | - | -€4,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €735 | -€1,013 | -58.0% |
| Other operating charges | 640/8 | €10,273 | €10,100 | -€173 | -1.7% |
| Non-recurring operating charges | 66A | - | €760 | +€760 | |
| Gross operating margin | 9900 | €113,031 | €99,264 | -€13,767 | -12.2% |
| Operating profit (loss) | 9901 | €101,010 | €87,669 | -€13,341 | -13.2% |
| Financial income | 75/76B | €0 | €10 | +€10 | +5,456% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +5,456% |
| Financial charges | 65/66B | €67 | €203 | +€136 | +205% |
| Recurring financial charges | 65 | €67 | €203 | +€136 | +205% |
| Profit (loss) for the period before taxes | 9903 | €100,944 | €87,476 | -€13,468 | -13.3% |
| Income taxes | 67/77 | €21,896 | €19,665 | -€2,231 | -10.2% |
| Profit (loss) for the period | 9904 | €79,048 | €67,811 | -€11,237 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,048 | €67,811 | -€11,237 | -14.2% |
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 21 October 2026 via checked.be.