SHAUVE: what changed
SHAUVE
Largest movements
- Cash +€20,095
up €20,095 (+92.0%), from €21,840 to €41,935
mainly Receivables within one year (+€18,312) and Depreciation (+€6,740)
- Receivables within one year -€18,312
down €18,312 (-29.1%), from €62,875 to €44,564
of which Trade receivables: -€14,496
- Tangible fixed assets -€6,555
down €6,555 (-72.8%), from €9,002 to €2,447
of which Leasing and similar rights: -€8,166
- Deferred charges and accrued income +€1,554
up €1,554 (+72.6%), from €2,142 to €3,696
- Tax, wage and social debts -€9,117
down €9,117 (-23.4%), from €38,904 to €29,787
of which Taxes: -€9,893
- Trade debts +€5,077
up €5,077 (+21.0%), from €24,183 to €29,260
- Gross operating margin +€22,976
up €22,976 (+3.8%), from €604,307 to €627,283
- Staff costs +€8,569
up €8,569 (+1.5%), from €590,752 to €599,321
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,858 | €92,641 | -€3,217 | -3.4% |
| Fixed assets | 21/28 | €9,002 | €2,447 | -€6,555 | -72.8% |
| Tangible fixed assets | 22/27 | €9,002 | €2,447 | -€6,555 | -72.8% |
| Plant, machinery and equipment | 23 | €404 | €0 | -€404 | -100% |
| Furniture and vehicles | 24 | €432 | €2,447 | +€2,015 | +466% |
| Leasing and similar rights | 25 | €8,166 | €0 | -€8,166 | -100% |
| Current assets | 29/58 | €86,857 | €90,194 | +€3,338 | +3.8% |
| Amounts receivable within one year | 40/41 | €62,875 | €44,564 | -€18,312 | -29.1% |
| Trade receivables | 40 | €55,830 | €41,334 | -€14,496 | -26.0% |
| Other amounts receivable | 41 | €7,045 | €3,230 | -€3,815 | -54.2% |
| Cash at bank and in hand | 54/58 | €21,840 | €41,935 | +€20,095 | +92.0% |
| Deferred charges and accrued income | 490/1 | €2,142 | €3,696 | +€1,554 | +72.6% |
| Total equity and liabilities | 10/49 | €95,858 | €92,641 | -€3,217 | -3.4% |
| Equity | 10/15 | €29,641 | €30,464 | +€823 | +2.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €9,181 | €10,004 | +€823 | +9.0% |
| Distributable reserves | 133 | €9,181 | €10,004 | +€823 | +9.0% |
| Amounts payable | 17/49 | €66,217 | €62,177 | -€4,040 | -6.1% |
| Amounts payable within one year | 42/48 | €66,217 | €62,177 | -€4,040 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €3,130 | €3,130 | = | 0.0% |
| Trade debts | 44 | €24,183 | €29,260 | +€5,077 | +21.0% |
| Suppliers | 440/4 | €24,183 | €29,260 | +€5,077 | +21.0% |
| Taxes, remuneration and social security | 45 | €38,904 | €29,787 | -€9,117 | -23.4% |
| Taxes | 450/3 | €38,904 | €29,011 | -€9,893 | -25.4% |
| Remuneration and social security | 454/9 | - | €776 | +€776 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,669 | €0 | -€6,669 | -100% |
| Remuneration, social security and pensions | 62 | €590,752 | €599,321 | +€8,569 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €6,740 | +€4,744 | +238% |
| Other operating charges | 640/8 | €1,577 | €1,482 | -€95 | -6.0% |
| Non-recurring operating charges | 66A | - | €3,029 | +€3,029 | |
| Gross operating margin | 9900 | €604,307 | €627,283 | +€22,976 | +3.8% |
| Operating profit (loss) | 9901 | €9,982 | €16,710 | +€6,728 | +67.4% |
| Financial income | 75/76B | €450 | €924 | +€474 | +105% |
| Recurring financial income | 75 | €450 | €924 | +€474 | +105% |
| Financial charges | 65/66B | €5,084 | €4,635 | -€450 | -8.8% |
| Recurring financial charges | 65 | €5,084 | €4,635 | -€450 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €5,348 | €13,000 | +€7,652 | +143% |
| Income taxes | 67/77 | €8,374 | €12,177 | +€3,803 | +45.4% |
| Profit (loss) for the period | 9904 | -€3,026 | €823 | +€3,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,026 | €823 | +€3,849 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.