SHAVED MONKEY: 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.
SHAVED MONKEY
Largest movements
- Receivables within one year +€137,614
up €137,614 (+99.5%), from €138,318 to €275,932
of which Trade receivables: +€119,326
- Cash +€36,144
up €36,144 (+55.9%), from €64,650 to €100,795
mainly Net result for the year (+€153,792) and Trade debts (+€40,244)
- Tangible fixed assets -€7,124
down €7,124 (-73.9%), from €9,644 to €2,520
of which Other tangible fixed assets: -€6,361
- Deferred charges and accrued income +€5,028
up €5,028 (+1,889%), from €266 to €5,295
- Reserves +€110,119
up €110,119 (+2,779%), from €3,963 to €114,082
- Profit (loss) carried forward +€43,673
no longer reported in 2026 (was -€43,673)
- Trade debts +€40,244
up €40,244 (+67.7%), from €59,468 to €99,712
- Debts after one year -€22,879
no longer reported in 2026 (was €22,879)
- Current portion of long-term debt +€7,531
up €7,531 (+49.1%), from €15,348 to €22,879
- Staff costs -€143,276
no longer reported in 2026 (was €143,276)
- Gross operating margin +€93,703
up €93,703 (+87.1%), from €107,579 to €201,282
- Taxes +€37,963
up €37,963 (+724,479%), from €5 to €37,968
- Depreciation -€3,189
down €3,189 (-76.3%), from €4,182 to €993
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,878 | €384,541 | +€171,663 | +80.6% |
| Fixed assets | 21/28 | €9,644 | €2,520 | -€7,124 | -73.9% |
| Tangible fixed assets | 22/27 | €9,644 | €2,520 | -€7,124 | -73.9% |
| Furniture and vehicles | 24 | €925 | €161 | -€764 | -82.6% |
| Other tangible fixed assets | 26 | €8,719 | €2,359 | -€6,361 | -72.9% |
| Current assets | 29/58 | €203,234 | €382,021 | +€178,787 | +88.0% |
| Amounts receivable within one year | 40/41 | €138,318 | €275,932 | +€137,614 | +99.5% |
| Trade receivables | 40 | €125,696 | €245,022 | +€119,326 | +94.9% |
| Other amounts receivable | 41 | €12,622 | €30,910 | +€18,288 | +145% |
| Cash at bank and in hand | 54/58 | €64,650 | €100,795 | +€36,144 | +55.9% |
| Deferred charges and accrued income | 490/1 | €266 | €5,295 | +€5,028 | +1,889% |
| Total equity and liabilities | 10/49 | €212,878 | €384,541 | +€171,663 | +80.6% |
| Equity | 10/15 | -€27,310 | €126,482 | +€153,792 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,963 | €114,082 | +€110,119 | +2,779% |
| Distributable reserves | 133 | €3,963 | €114,082 | +€110,119 | +2,779% |
| Profit (loss) carried forward | 14 | -€43,673 | - | +€43,673 | |
| Amounts payable | 17/49 | €240,188 | €258,059 | +€17,871 | +7.4% |
| Amounts payable after more than one year | 17 | €22,879 | - | -€22,879 | |
| Financial debts | 170/4 | €22,879 | - | -€22,879 | |
| Amounts payable within one year | 42/48 | €217,309 | €258,059 | +€40,750 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €15,348 | €22,879 | +€7,531 | +49.1% |
| Financial debts | 43 | €0 | €461 | +€461 | |
| Credit institutions | 430/8 | €0 | €461 | +€461 | |
| Trade debts | 44 | €59,468 | €99,712 | +€40,244 | +67.7% |
| Suppliers | 440/4 | €59,468 | €99,712 | +€40,244 | +67.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,433 | €10,007 | -€7,426 | -42.6% |
| Taxes | 450/3 | €17,433 | €10,007 | -€7,426 | -42.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €125,059 | €125,000 | -€59 | 0.0% |
| Remuneration, social security and pensions | 62 | €143,276 | - | -€143,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,182 | €993 | -€3,189 | -76.3% |
| Other operating charges | 640/8 | €463 | €567 | +€105 | +22.6% |
| Non-recurring operating charges | 66A | - | €6,131 | +€6,131 | |
| Gross operating margin | 9900 | €107,579 | €201,282 | +€93,703 | +87.1% |
| Operating profit (loss) | 9901 | -€40,341 | €193,590 | +€233,931 | |
| Financial income | 75/76B | €233 | €744 | +€511 | +220% |
| Recurring financial income | 75 | €233 | €744 | +€511 | +220% |
| Financial charges | 65/66B | €4,152 | €2,574 | -€1,578 | -38.0% |
| Recurring financial charges | 65 | €4,152 | €2,574 | -€1,578 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,261 | €191,760 | +€236,021 | |
| Income taxes | 67/77 | €5 | €37,968 | +€37,963 | +724,479% |
| Profit (loss) for the period | 9904 | -€44,266 | €153,792 | +€198,058 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,266 | €153,792 | +€198,058 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.