SHAY CONSULT: 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.
SHAY CONSULT
Largest movements
- Cash +€6,966
up €6,966 (+29.9%), from €23,279 to €30,245
mainly Other debts (+€6,064) and Net result for the year (+€3,010)
- Receivables within one year +€4,413
up €4,413 (+181.2%), from €2,435 to €6,849
- Other debts +€6,064
up €6,064 (+3.5%), from €172,591 to €178,655
- Profit (loss) carried forward +€3,010
up €3,010 (+1.9%), from -€155,683 to -€152,674
- Tax, wage and social debts +€2,739
up €2,739 (+2058.9%), from €133 to €2,872
- Trade debts -€791
down €791 (-35.6%), from €2,223 to €1,432
- Gross operating margin +€8,294
up €8,294, from -€4,103 to €4,191
- Depreciation -€558
down €558 (-61.0%), from €916 to €357
- Other operating charges +€90
up €90 (+22.9%), from €394 to €484
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 | €26,771 | €37,793 | +€11,022 | +41.2% |
| Fixed assets | 21/28 | €1,057 | €700 | -€357 | -33.8% |
| Tangible fixed assets | 22/27 | €1,057 | €700 | -€357 | -33.8% |
| Plant, machinery and equipment | 23 | €188 | €0 | -€188 | -100.0% |
| Furniture and vehicles | 24 | €869 | €700 | -€169 | -19.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €25,714 | €37,093 | +€11,379 | +44.3% |
| Amounts receivable within one year | 40/41 | €2,435 | €6,849 | +€4,413 | +181.2% |
| Trade receivables | 40 | €2,435 | €6,849 | +€4,413 | +181.2% |
| Cash at bank and in hand | 54/58 | €23,279 | €30,245 | +€6,966 | +29.9% |
| Total equity and liabilities | 10/49 | €26,771 | €37,793 | +€11,022 | +41.2% |
| Equity | 10/15 | -€148,175 | -€145,166 | +€3,010 | +2.0% |
| Contributions | 10/11 | €7,508 | €7,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,683 | -€152,674 | +€3,010 | +1.9% |
| Amounts payable | 17/49 | €174,947 | €182,959 | +€8,012 | +4.6% |
| Amounts payable within one year | 42/48 | €174,947 | €182,959 | +€8,012 | +4.6% |
| Trade debts | 44 | €2,223 | €1,432 | -€791 | -35.6% |
| Suppliers | 440/4 | €2,223 | €1,432 | -€791 | -35.6% |
| Taxes, remuneration and social security | 45 | €133 | €2,872 | +€2,739 | +2058.9% |
| Taxes | 450/3 | €133 | €2,872 | +€2,739 | +2058.9% |
| Other amounts payable | 47/48 | €172,591 | €178,655 | +€6,064 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €357 | -€558 | -61.0% |
| Other operating charges | 640/8 | €394 | €484 | +€90 | +22.9% |
| Gross operating margin | 9900 | -€4,103 | €4,191 | +€8,294 | |
| Operating profit (loss) | 9901 | -€5,412 | €3,350 | +€8,762 | |
| Financial income | 75/76B | €5 | €1 | -€4 | -80.9% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -80.9% |
| Financial charges | 65/66B | €303 | €341 | +€38 | +12.6% |
| Recurring financial charges | 65 | €303 | €341 | +€38 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,710 | €3,010 | +€8,720 | |
| Profit (loss) for the period | 9904 | -€5,710 | €3,010 | +€8,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,710 | €3,010 | +€8,720 |
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 11 October 2026 via checked.be.