SHEIKH VICKY: 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.
SHEIKH VICKY
Largest movements
- Cash +€26,800
up €26,800 (+61.7%), from €43,416 to €70,216
mainly Net result for the year (+€63,015) and Depreciation (+€643)
- Reserves +€43,039
up €43,039 (+271.1%), from €15,875 to €58,913
- Other debts -€35,595
down €35,595 (-93.4%), from €38,097 to €2,502
- Profit (loss) carried forward +€19,976
no longer reported in 2025 (was -€19,976)
- Gross operating margin +€93,928
up €93,928, from -€19,171 to €74,757
- Taxes +€11,055
new in 2025: €11,055
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 | €45,150 | €72,090 | +€26,939 | +59.7% |
| Fixed assets | 21/28 | €1,494 | €1,553 | +€59 | +3.9% |
| Tangible fixed assets | 22/27 | €1,494 | €1,553 | +€59 | +3.9% |
| Furniture and vehicles | 24 | €1,494 | €1,553 | +€59 | +3.9% |
| Current assets | 29/58 | €43,656 | €70,537 | +€26,881 | +61.6% |
| Cash at bank and in hand | 54/58 | €43,416 | €70,216 | +€26,800 | +61.7% |
| Deferred charges and accrued income | 490/1 | €240 | €321 | +€81 | +33.6% |
| Total equity and liabilities | 10/49 | €45,150 | €72,090 | +€26,939 | +59.7% |
| Equity | 10/15 | -€1,102 | €61,913 | +€63,015 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,875 | €58,913 | +€43,039 | +271.1% |
| Distributable reserves | 133 | €15,875 | €58,913 | +€43,039 | +271.1% |
| Profit (loss) carried forward | 14 | -€19,976 | - | +€19,976 | |
| Amounts payable | 17/49 | €46,252 | €10,176 | -€36,076 | -78.0% |
| Amounts payable within one year | 42/48 | €46,252 | €10,176 | -€36,076 | -78.0% |
| Trade debts | 44 | €1,741 | €1,583 | -€159 | -9.1% |
| Suppliers | 440/4 | €1,741 | €1,583 | -€159 | -9.1% |
| Taxes, remuneration and social security | 45 | €6,414 | €6,092 | -€322 | -5.0% |
| Taxes | 450/3 | €6,414 | €6,092 | -€322 | -5.0% |
| Other amounts payable | 47/48 | €38,097 | €2,502 | -€35,595 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €643 | +€45 | +7.6% |
| Gross operating margin | 9900 | -€19,171 | €74,757 | +€93,928 | |
| Operating profit (loss) | 9901 | -€19,769 | €74,114 | +€93,883 | |
| Financial income | 75/76B | €3 | €13 | +€10 | +390.1% |
| Recurring financial income | 75 | €3 | €13 | +€10 | +390.1% |
| Financial charges | 65/66B | €210 | €56 | -€154 | -73.3% |
| Recurring financial charges | 65 | €210 | €56 | -€154 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,976 | €74,070 | +€94,047 | |
| Income taxes | 67/77 | - | €11,055 | +€11,055 | |
| Profit (loss) for the period | 9904 | -€19,976 | €63,015 | +€82,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,976 | €63,015 | +€82,991 |
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 7 October 2026 via checked.be.