SHEEPINDALE: 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.
SHEEPINDALE
Largest movements
- Intangible fixed assets -€21,156
no longer reported in 2025 (was €21,156)
- Stocks and contracts -€21,147
no longer reported in 2025 (was €21,147)
- Cash +€965
up €965 (+28.9%), from €3,337 to €4,302
mainly Other debts (+€30,560) and Investment in fixed assets (net) (+€21,156)
- Profit (loss) carried forward -€33,522
down €33,522 (-9.9%), from -€337,651 to -€371,173
- Debts after one year -€30,593
down €30,593 (-16.5%), from €185,804 to €155,211
- Other debts +€30,560
up €30,560 (+18.1%), from €169,218 to €199,778
- Short-term financial debts -€7,817
no longer reported in 2025 (was €7,817)
- Trade debts +€672
up €672 (+29.1%), from €2,306 to €2,978
- Gross operating margin +€13,805
up €13,805, from -€3,564 to €10,241
- Financial charges -€1,619
down €1,619 (-72.2%), from €2,242 to €623
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 | €46,450 | €5,344 | -€41,106 | -88.5% |
| Fixed assets | 21/28 | €21,806 | €650 | -€21,156 | -97.0% |
| Intangible fixed assets | 21 | €21,156 | - | -€21,156 | |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €24,644 | €4,694 | -€19,950 | -81.0% |
| Stocks and contracts in progress | 3 | €21,147 | - | -€21,147 | |
| Stocks | 30/36 | €21,147 | - | -€21,147 | |
| Amounts receivable within one year | 40/41 | €160 | €392 | +€232 | +145.0% |
| Trade receivables | 40 | €160 | - | -€160 | |
| Other amounts receivable | 41 | - | €392 | +€392 | |
| Cash at bank and in hand | 54/58 | €3,337 | €4,302 | +€965 | +28.9% |
| Total equity and liabilities | 10/49 | €46,450 | €5,344 | -€41,106 | -88.5% |
| Equity | 10/15 | -€319,101 | -€352,623 | -€33,522 | -10.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,651 | -€371,173 | -€33,522 | -9.9% |
| Amounts payable | 17/49 | €365,551 | €357,967 | -€7,584 | -2.1% |
| Amounts payable after more than one year | 17 | €185,804 | €155,211 | -€30,593 | -16.5% |
| Other amounts payable | 178/9 | €185,804 | €155,211 | -€30,593 | -16.5% |
| Amounts payable within one year | 42/48 | €179,747 | €202,756 | +€23,009 | +12.8% |
| Financial debts | 43 | €7,817 | - | -€7,817 | |
| Other loans | 439 | €7,817 | - | -€7,817 | |
| Trade debts | 44 | €2,306 | €2,978 | +€672 | +29.1% |
| Suppliers | 440/4 | €2,306 | €2,978 | +€672 | +29.1% |
| Taxes, remuneration and social security | 45 | €406 | - | -€406 | |
| Remuneration and social security | 454/9 | €406 | - | -€406 | |
| Other amounts payable | 47/48 | €169,218 | €199,778 | +€30,560 | +18.1% |
| Other operating charges | 640/8 | €394 | €434 | +€40 | +10.2% |
| Non-recurring operating charges | 66A | - | €42,303 | +€42,303 | |
| Gross operating margin | 9900 | -€3,564 | €10,241 | +€13,805 | |
| Operating profit (loss) | 9901 | -€3,958 | -€32,496 | -€28,538 | -721.0% |
| Financial charges | 65/66B | €2,242 | €623 | -€1,619 | -72.2% |
| Recurring financial charges | 65 | €2,242 | €623 | -€1,619 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,200 | -€33,119 | -€26,919 | -434.2% |
| Profit (loss) for the period | 9904 | -€6,200 | -€33,119 | -€26,919 | -434.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,200 | -€33,119 | -€26,919 | -434.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.