SHEBAL: what changed
Two fiscal 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.
SHEBAL
Largest movements
- Cash +€21,454
up €21,454 (+969.8%), from €2,212 to €23,666
mainly Tax, wage and social debts (+€12,956) and Net result for the year (+€11,741)
- Receivables within one year -€1,248
down €1,248 (-28.1%), from €4,440 to €3,192
of which Trade receivables: -€1,248
- Tax, wage and social debts +€12,956
up €12,956 (+745.9%), from €1,737 to €14,693
of which Remuneration and social security: +€9,522
- Profit (loss) carried forward +€11,741
up €11,741 (+723.4%), from €1,623 to €13,364
- Advances received -€3,343
no longer reported in 2025 (was €3,343)
- Trade debts -€872
no longer reported in 2025 (was €872)
- Turnover +€38,311
new in 2025: €38,311
- Purchases and services +€21,877
new in 2025: €21,877
- Gross operating margin +€12,230
up €12,230 (+290.9%), from €4,205 to €16,434
- Taxes +€1,931
up €1,931 (+180.1%), from €1,073 to €3,004
- Other operating charges +€809
new in 2025: €809
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 | €8,848 | €29,058 | +€20,210 | +228.4% |
| Fixed assets | 21/28 | €2,195 | €2,200 | +€5 | +0.2% |
| Tangible fixed assets | 22/27 | €2,195 | €2,200 | +€5 | +0.2% |
| Furniture and vehicles | 24 | €2,195 | €2,200 | +€5 | +0.2% |
| Current assets | 29/58 | €6,652 | €26,858 | +€20,205 | +303.7% |
| Amounts receivable within one year | 40/41 | €4,440 | €3,192 | -€1,248 | -28.1% |
| Trade receivables | 40 | €3,440 | €2,192 | -€1,248 | -36.3% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,212 | €23,666 | +€21,454 | +969.8% |
| Total equity and liabilities | 10/49 | €8,848 | €29,058 | +€20,210 | +228.4% |
| Equity | 10/15 | €2,623 | €14,364 | +€11,741 | +447.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,623 | €13,364 | +€11,741 | +723.4% |
| Amounts payable | 17/49 | €6,225 | €14,693 | +€8,469 | +136.1% |
| Amounts payable within one year | 42/48 | €6,225 | €14,693 | +€8,469 | +136.1% |
| Trade debts | 44 | €872 | - | -€872 | |
| Suppliers | 440/4 | €872 | - | -€872 | |
| Advances received on contracts in progress | 46 | €3,343 | - | -€3,343 | |
| Taxes, remuneration and social security | 45 | €1,737 | €14,693 | +€12,956 | +745.9% |
| Taxes | 450/3 | €1,737 | €5,172 | +€3,435 | +197.7% |
| Remuneration and social security | 454/9 | - | €9,522 | +€9,522 | |
| Other amounts payable | 47/48 | €272 | - | -€272 | |
| Turnover | 70 | - | €38,311 | +€38,311 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €21,877 | +€21,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,447 | €780 | -€667 | -46.1% |
| Other operating charges | 640/8 | - | €809 | +€809 | |
| Gross operating margin | 9900 | €4,205 | €16,434 | +€12,230 | +290.9% |
| Operating profit (loss) | 9901 | €2,758 | €14,845 | +€12,087 | +438.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €62 | €100 | +€38 | +60.9% |
| Recurring financial charges | 65 | €62 | €100 | +€38 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €2,696 | €14,745 | +€12,049 | +447.0% |
| Income taxes | 67/77 | €1,073 | €3,004 | +€1,931 | +180.1% |
| Profit (loss) for the period | 9904 | €1,623 | €11,741 | +€10,118 | +623.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,623 | €11,741 | +€10,118 | +623.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.