SHAYAN: 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.
SHAYAN
Largest movements
- Cash +€34,456
up €34,456 (+180%), from €19,109 to €53,565
mainly Accrued charges and deferred income (+€40,000) and Net result for the year (+€13,238)
- Receivables within one year +€10,176
up €10,176 (+17.8%), from €57,238 to €67,414
of which Other amounts receivable: +€14,701
- Accrued charges and deferred income +€40,000
new in 2025: €40,000
- Trade debts -€18,866
down €18,866 (-80.4%), from €23,479 to €4,613
- Profit (loss) carried forward +€13,238
up €13,238 (+205%), from €6,462 to €19,700
- Tax, wage and social debts +€9,417
up €9,417 (+68.0%), from €13,857 to €23,274
of which Taxes: +€10,323
- Gross operating margin +€16,534
up €16,534 (+23.8%), from €69,598 to €86,132
- Other operating charges +€7,257
up €7,257 (+13,692%), from €53 to €7,310
- Taxes +€2,254
up €2,254 (+80.6%), from €2,797 to €5,051
- Staff costs +€2,146
up €2,146 (+3.8%), from €57,214 to €59,360
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 | €78,174 | €122,193 | +€44,019 | +56.3% |
| Fixed assets | 21/28 | €602 | €602 | = | 0.0% |
| Financial fixed assets | 28 | €602 | €602 | = | 0.0% |
| Current assets | 29/58 | €77,572 | €121,591 | +€44,019 | +56.7% |
| Amounts receivable within one year | 40/41 | €57,238 | €67,414 | +€10,176 | +17.8% |
| Trade receivables | 40 | €4,525 | - | -€4,525 | |
| Other amounts receivable | 41 | €52,713 | €67,414 | +€14,701 | +27.9% |
| Cash at bank and in hand | 54/58 | €19,109 | €53,565 | +€34,456 | +180% |
| Deferred charges and accrued income | 490/1 | €1,225 | €612 | -€613 | -50.0% |
| Total equity and liabilities | 10/49 | €78,174 | €122,193 | +€44,019 | +56.3% |
| Equity | 10/15 | €25,054 | €38,292 | +€13,238 | +52.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,462 | €19,700 | +€13,238 | +205% |
| Amounts payable | 17/49 | €53,120 | €83,901 | +€30,781 | +57.9% |
| Amounts payable within one year | 42/48 | €53,120 | €43,901 | -€9,219 | -17.4% |
| Trade debts | 44 | €23,479 | €4,613 | -€18,866 | -80.4% |
| Suppliers | 440/4 | €23,479 | €4,613 | -€18,866 | -80.4% |
| Taxes, remuneration and social security | 45 | €13,857 | €23,274 | +€9,417 | +68.0% |
| Taxes | 450/3 | €4,153 | €14,476 | +€10,323 | +249% |
| Remuneration and social security | 454/9 | €9,704 | €8,798 | -€906 | -9.3% |
| Other amounts payable | 47/48 | €15,784 | €16,014 | +€230 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €57,214 | €59,360 | +€2,146 | +3.8% |
| Other operating charges | 640/8 | €53 | €7,310 | +€7,257 | +13,692% |
| Gross operating margin | 9900 | €69,598 | €86,132 | +€16,534 | +23.8% |
| Operating profit (loss) | 9901 | €12,331 | €19,462 | +€7,131 | +57.8% |
| Financial income | 75/76B | €12 | €8 | -€4 | -33.3% |
| Recurring financial income | 75 | €12 | €8 | -€4 | -33.3% |
| Financial charges | 65/66B | €1,125 | €1,181 | +€56 | +5.0% |
| Recurring financial charges | 65 | €1,125 | €1,181 | +€56 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €11,218 | €18,289 | +€7,071 | +63.0% |
| Income taxes | 67/77 | €2,797 | €5,051 | +€2,254 | +80.6% |
| Profit (loss) for the period | 9904 | €8,421 | €13,238 | +€4,817 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,421 | €13,238 | +€4,817 | +57.2% |
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 23 October 2026 via checked.be.