SHEIKH & SONS: 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.
SHEIKH & SONS
Largest movements
- Tangible fixed assets +€30,863
up €30,863 (+403%), from €7,656 to €38,520
- Stocks and contracts -€13,663
down €13,663 (-32.3%), from €42,311 to €28,648
- Financial fixed assets +€5,000
up €5,000 (+208%), from €2,400 to €7,400
- Receivables within one year +€1,657
up €1,657 (+68.0%), from €2,435 to €4,091
- Cash +€1,003
up €1,003 (+18.8%), from €5,334 to €6,337
mainly Debts after one year (+€17,132) and Stocks and contracts (+€13,663)
- Debts after one year +€17,132
new in 2025: €17,132
- Current portion of long-term debt +€6,386
new in 2025: €6,386
- Trade debts -€2,639
down €2,639 (-13.6%), from €19,376 to €16,737
- Tax, wage and social debts +€1,721
up €1,721 (+14.8%), from €11,619 to €13,340
of which Remuneration and social security: +€2,490
- Profit (loss) carried forward +€1,661
up €1,661 (+12.6%), from €13,183 to €14,844
- Purchases and services +€93,769
up €93,769 (+23.0%), from €408,166 to €501,935
- Turnover +€84,733
up €84,733 (+19.6%), from €431,630 to €516,362
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 | €61,725 | €86,363 | +€24,638 | +39.9% |
| Fixed assets | 21/28 | €11,646 | €47,287 | +€35,641 | +306% |
| Intangible fixed assets | 21 | €1,589 | €1,367 | -€222 | -14.0% |
| Tangible fixed assets | 22/27 | €7,656 | €38,520 | +€30,863 | +403% |
| Furniture and vehicles | 24 | €7,656 | €38,520 | +€30,863 | +403% |
| Financial fixed assets | 28 | €2,400 | €7,400 | +€5,000 | +208% |
| Current assets | 29/58 | €50,080 | €39,076 | -€11,004 | -22.0% |
| Stocks and contracts in progress | 3 | €42,311 | €28,648 | -€13,663 | -32.3% |
| Stocks | 30/36 | €42,311 | €28,648 | -€13,663 | -32.3% |
| Amounts receivable within one year | 40/41 | €2,435 | €4,091 | +€1,657 | +68.0% |
| Trade receivables | 40 | €2,435 | €4,091 | +€1,657 | +68.0% |
| Cash at bank and in hand | 54/58 | €5,334 | €6,337 | +€1,003 | +18.8% |
| Total equity and liabilities | 10/49 | €61,725 | €86,363 | +€24,638 | +39.9% |
| Equity | 10/15 | €30,000 | €31,661 | +€1,661 | +5.5% |
| Contributions | 10/11 | €16,817 | €16,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,183 | €14,844 | +€1,661 | +12.6% |
| Amounts payable | 17/49 | €31,725 | €54,702 | +€22,977 | +72.4% |
| Amounts payable after more than one year | 17 | - | €17,132 | +€17,132 | |
| Financial debts | 170/4 | - | €17,132 | +€17,132 | |
| Amounts payable within one year | 42/48 | €31,725 | €37,570 | +€5,844 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,386 | +€6,386 | |
| Trade debts | 44 | €19,376 | €16,737 | -€2,639 | -13.6% |
| Suppliers | 440/4 | €19,376 | €16,737 | -€2,639 | -13.6% |
| Taxes, remuneration and social security | 45 | €11,619 | €13,340 | +€1,721 | +14.8% |
| Taxes | 450/3 | €10,669 | €9,899 | -€769 | -7.2% |
| Remuneration and social security | 454/9 | €950 | €3,440 | +€2,490 | +262% |
| Other amounts payable | 47/48 | €731 | €1,107 | +€376 | +51.4% |
| Turnover | 70 | €431,630 | €516,362 | +€84,733 | +19.6% |
| Non-recurring operating income | 76A | - | €3,044 | +€3,044 | |
| Goods, raw materials, services and sundry goods | 60/61 | €408,166 | €501,935 | +€93,769 | +23.0% |
| Remuneration, social security and pensions | 62 | €4,589 | €4,556 | -€33 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €6,400 | +€2,253 | +54.3% |
| Other operating charges | 640/8 | €4,379 | €3,874 | -€505 | -11.5% |
| Gross operating margin | 9900 | €24,663 | €20,608 | -€4,056 | -16.4% |
| Operating profit (loss) | 9901 | €11,548 | €5,777 | -€5,771 | -50.0% |
| Financial charges | 65/66B | €64 | €2,494 | +€2,429 | +3,767% |
| Recurring financial charges | 65 | €64 | €2,494 | +€2,429 | +3,767% |
| Profit (loss) for the period before taxes | 9903 | €11,483 | €3,283 | -€8,200 | -71.4% |
| Income taxes | 67/77 | €4,303 | €1,623 | -€2,680 | -62.3% |
| Profit (loss) for the period | 9904 | €7,181 | €1,661 | -€5,520 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,181 | €1,661 | -€5,520 | -76.9% |
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 17 October 2026 via checked.be.