SHAURI: what changed
Two fiscal 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.
SHAURI
Largest movements
- Cash +€450,000
up €450,000 (+165.5%), from €271,955 to €721,954
mainly Net result for the year (+€653,264) and Tax, wage and social debts (+€72,119)
- Tangible fixed assets -€56,934
down €56,934 (-10.6%), from €534,795 to €477,861
of which Land and buildings: -€45,928
- Current investments +€49,971
up €49,971 (+1.9%), from €2.7m to €2.7m
- Reserves +€392,837
up €392,837 (+14.2%), from €2.8m to €3.2m
- Tax, wage and social debts +€72,119
up €72,119 (+71.3%), from €101,142 to €173,260
of which Taxes: +€76,084
- Gross operating margin -€71,695
down €71,695 (-7.2%), from €997,376 to €925,681
- Taxes -€46,797
down €46,797 (-13.8%), from €339,291 to €292,494
- Financial income +€36,048
up €36,048 (+48.8%), from €73,868 to €109,916
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.
Cash bridge derived
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 | €3,561,994 | €4,033,489 | +€471,495 | +13.2% |
| Fixed assets | 21/28 | €534,995 | €478,061 | -€56,934 | -10.6% |
| Tangible fixed assets | 22/27 | €534,795 | €477,861 | -€56,934 | -10.6% |
| Land and buildings | 22 | €439,540 | €393,612 | -€45,928 | -10.4% |
| Furniture and vehicles | 24 | €95,255 | €84,249 | -€11,006 | -11.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €3,026,999 | €3,555,428 | +€528,429 | +17.5% |
| Amounts receivable within one year | 40/41 | €74,393 | €81,411 | +€7,019 | +9.4% |
| Trade receivables | 40 | €73,920 | €81,411 | +€7,491 | +10.1% |
| Other amounts receivable | 41 | €472 | - | -€472 | |
| Current investments | 50/53 | €2,680,652 | €2,730,623 | +€49,971 | +1.9% |
| Cash at bank and in hand | 54/58 | €271,955 | €721,954 | +€450,000 | +165.5% |
| Deferred charges and accrued income | 490/1 | - | €21,440 | +€21,440 | |
| Total equity and liabilities | 10/49 | €3,561,994 | €4,033,489 | +€471,495 | +13.2% |
| Equity | 10/15 | €3,187,773 | €3,580,610 | +€392,837 | +12.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,760,456 | €3,153,293 | +€392,837 | +14.2% |
| Distributable reserves | 133 | €2,760,456 | €3,153,293 | +€392,837 | +14.2% |
| Profit (loss) carried forward | 14 | €407,317 | €407,317 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,098 | €8,098 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,098 | €8,098 | = | 0.0% |
| Other liabilities and charges | 164/5 | €8,098 | €8,098 | = | 0.0% |
| Amounts payable | 17/49 | €366,123 | €444,781 | +€78,658 | +21.5% |
| Amounts payable within one year | 42/48 | €364,362 | €444,781 | +€80,419 | +22.1% |
| Trade debts | 44 | €5,074 | €6,811 | +€1,737 | +34.2% |
| Suppliers | 440/4 | €5,074 | €6,811 | +€1,737 | +34.2% |
| Advances received on contracts in progress | 46 | €625 | - | -€625 | |
| Taxes, remuneration and social security | 45 | €101,142 | €173,260 | +€72,119 | +71.3% |
| Taxes | 450/3 | €95,013 | €171,096 | +€76,084 | +80.1% |
| Remuneration and social security | 454/9 | €6,129 | €2,164 | -€3,965 | -64.7% |
| Other amounts payable | 47/48 | €257,522 | €264,710 | +€7,188 | +2.8% |
| Accrued charges and deferred income | 492/3 | €1,761 | - | -€1,761 | |
| Non-recurring operating income | 76A | €2,762 | - | -€2,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,149 | €64,337 | -€813 | -1.2% |
| Other operating charges | 640/8 | €13,171 | €4,377 | -€8,794 | -66.8% |
| Gross operating margin | 9900 | €997,376 | €925,681 | -€71,695 | -7.2% |
| Operating profit (loss) | 9901 | €919,055 | €856,967 | -€62,088 | -6.8% |
| Financial income | 75/76B | €73,868 | €109,916 | +€36,048 | +48.8% |
| Recurring financial income | 75 | €73,868 | €109,916 | +€36,048 | +48.8% |
| Financial charges | 65/66B | €17,969 | €21,124 | +€3,155 | +17.6% |
| Recurring financial charges | 65 | €17,969 | €21,124 | +€3,155 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €974,953 | €945,758 | -€29,195 | -3.0% |
| Income taxes | 67/77 | €339,291 | €292,494 | -€46,797 | -13.8% |
| Profit (loss) for the period | 9904 | €635,662 | €653,264 | +€17,602 | +2.8% |
| Transfer from tax-exempt reserves | 789 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €846,162 | €653,264 | -€192,898 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.