SHEEP & CO: 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.
SHEEP & CO
Largest movements
- Financial fixed assets +€607,263
up €607,263 (+576.3%), from €105,369 to €712,632
- Tangible fixed assets +€72,800
new in 2025: €72,800
- Profit (loss) carried forward +€634,922
up €634,922, from -€19,665 to €615,258
- Contributions -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Other debts +€67,446
up €67,446 (+235.7%), from €28,621 to €96,067
- Tax, wage and social debts +€25,573
up €25,573 (+651.5%), from €3,925 to €29,498
- Debts after one year +€25,000
new in 2025: €25,000
- Financial income +€423,812
up €423,812 (+291.1%), from €145,597 to €569,409
- Other operating charges -€60,662
down €60,662 (-81.8%), from €74,180 to €13,518
- Gross operating margin +€31,317
up €31,317 (+43.5%), from €72,014 to €103,331
- Financial charges -€11,475
down €11,475 (-88.3%), from €12,989 to €1,514
- Taxes +€2,785
new in 2025: €2,785
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 | €115,695 | €792,207 | +€676,512 | +584.7% |
| Fixed assets | 21/28 | €105,369 | €785,432 | +€680,063 | +645.4% |
| Tangible fixed assets | 22/27 | - | €72,800 | +€72,800 | |
| Land and buildings | 22 | - | €72,800 | +€72,800 | |
| Financial fixed assets | 28 | €105,369 | €712,632 | +€607,263 | +576.3% |
| Current assets | 29/58 | €10,326 | €6,775 | -€3,551 | -34.4% |
| Amounts receivable within one year | 40/41 | €50 | €917 | +€867 | +1734.4% |
| Trade receivables | 40 | €50 | €917 | +€867 | +1734.4% |
| Cash at bank and in hand | 54/58 | €10,276 | €5,858 | -€4,418 | -43.0% |
| Total equity and liabilities | 10/49 | €115,695 | €792,207 | +€676,512 | +584.7% |
| Equity | 10/15 | €57,313 | €617,236 | +€559,922 | +977.0% |
| Contributions | 10/11 | €75,000 | €0 | -€75,000 | -100.0% |
| Reserves | 13 | €1,978 | €1,978 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,978 | €1,978 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,978 | €1,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,665 | €615,258 | +€634,922 | |
| Amounts payable | 17/49 | €58,382 | €174,971 | +€116,589 | +199.7% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €58,382 | €149,971 | +€91,589 | +156.9% |
| Trade debts | 44 | €25,836 | €24,406 | -€1,430 | -5.5% |
| Suppliers | 440/4 | €25,836 | €24,406 | -€1,430 | -5.5% |
| Taxes, remuneration and social security | 45 | €3,925 | €29,498 | +€25,573 | +651.5% |
| Taxes | 450/3 | €3,925 | €29,498 | +€25,573 | +651.5% |
| Other amounts payable | 47/48 | €28,621 | €96,067 | +€67,446 | +235.7% |
| Other operating charges | 640/8 | €74,180 | €13,518 | -€60,662 | -81.8% |
| Gross operating margin | 9900 | €72,014 | €103,331 | +€31,317 | +43.5% |
| Operating profit (loss) | 9901 | -€2,166 | €89,813 | +€91,979 | |
| Financial income | 75/76B | €145,597 | €569,409 | +€423,812 | +291.1% |
| Recurring financial income | 75 | €145,597 | €569,409 | +€423,812 | +291.1% |
| Financial charges | 65/66B | €12,989 | €1,514 | -€11,475 | -88.3% |
| Recurring financial charges | 65 | €12,989 | €1,514 | -€11,475 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | €130,442 | €657,708 | +€527,266 | +404.2% |
| Income taxes | 67/77 | - | €2,785 | +€2,785 | |
| Profit (loss) for the period | 9904 | €130,442 | €654,922 | +€524,481 | +402.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130,442 | €654,922 | +€524,481 | +402.1% |
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 10 October 2026 via checked.be.