SHAYAN INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€23,001
down €23,001 (-9.6%), from €240,583 to €217,581
of which Land and buildings: -€18,615
- Profit (loss) carried forward -€22,391
down €22,391 (-192%), from -€11,637 to -€34,028
- Gross operating margin -€13,384
down €13,384 (-82.7%), from €16,184 to €2,800
- Depreciation -€3,023
down €3,023 (-11.6%), from €26,024 to €23,001
- Financial income -€310
down €310 (-39.3%), from €789 to €479
of which Financial income: -€329
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 | €282,846 | €259,016 | -€23,829 | -8.4% |
| Fixed assets | 21/28 | €240,583 | €217,581 | -€23,001 | -9.6% |
| Tangible fixed assets | 22/27 | €240,583 | €217,581 | -€23,001 | -9.6% |
| Land and buildings | 22 | €210,943 | €192,328 | -€18,615 | -8.8% |
| Plant, machinery and equipment | 23 | €29,640 | €25,254 | -€4,386 | -14.8% |
| Current assets | 29/58 | €42,263 | €41,435 | -€828 | -2.0% |
| Current investments | 50/53 | €8,812 | €10,461 | +€1,649 | +18.7% |
| Cash at bank and in hand | 54/58 | €33,451 | €30,974 | -€2,477 | -7.4% |
| Total equity and liabilities | 10/49 | €282,846 | €259,016 | -€23,829 | -8.4% |
| Equity | 10/15 | €281,104 | €258,713 | -€22,391 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €274,150 | €274,150 | = | 0.0% |
| Distributable reserves | 133 | €274,150 | €274,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,637 | -€34,028 | -€22,391 | -192% |
| Amounts payable | 17/49 | €1,741 | €303 | -€1,439 | -82.6% |
| Amounts payable within one year | 42/48 | €1,741 | €303 | -€1,439 | -82.6% |
| Trade debts | 44 | €1,392 | - | -€1,392 | |
| Suppliers | 440/4 | €1,392 | - | -€1,392 | |
| Other amounts payable | 47/48 | €350 | €303 | -€47 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,024 | €23,001 | -€3,023 | -11.6% |
| Other operating charges | 640/8 | €2,519 | €2,597 | +€78 | +3.1% |
| Gross operating margin | 9900 | €16,184 | €2,800 | -€13,384 | -82.7% |
| Operating profit (loss) | 9901 | -€12,359 | -€22,798 | -€10,438 | -84.5% |
| Financial income | 75/76B | €789 | €479 | -€310 | -39.3% |
| Recurring financial income | 75 | €789 | €460 | -€329 | -41.7% |
| Non-recurring financial income | 76B | - | €19 | +€19 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,637 | -€22,391 | -€10,753 | -92.4% |
| Profit (loss) for the period | 9904 | -€11,637 | -€22,391 | -€10,753 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,637 | -€22,391 | -€10,753 | -92.4% |
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 27 October 2026 via checked.be.