SHEIKO: 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.
SHEIKO
Largest movements
- Tangible fixed assets -€25,112
down €25,112 (-2.1%), from €1.2m to €1.2m
of which Land and buildings: -€25,808
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€24,959
up €24,959 (+350%), from €7,126 to €32,085
- Other operating charges +€1,200
up €1,200 (+18.7%), from €6,421 to €7,621
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,224,669 | €1,214,178 | -€10,491 | -0.9% |
| Fixed assets | 21/28 | €1,190,836 | €1,165,724 | -€25,112 | -2.1% |
| Tangible fixed assets | 22/27 | €1,190,836 | €1,165,724 | -€25,112 | -2.1% |
| Land and buildings | 22 | €1,187,137 | €1,161,329 | -€25,808 | -2.2% |
| Plant, machinery and equipment | 23 | €3,699 | €4,394 | +€696 | +18.8% |
| Current assets | 29/58 | €33,833 | €48,454 | +€14,621 | +43.2% |
| Amounts receivable within one year | 40/41 | €13,368 | €16,504 | +€3,136 | +23.5% |
| Other amounts receivable | 41 | €13,368 | €16,504 | +€3,136 | +23.5% |
| Current investments | 50/53 | €20,465 | €31,950 | +€11,485 | +56.1% |
| Total equity and liabilities | 10/49 | €1,224,669 | €1,214,178 | -€10,491 | -0.9% |
| Equity | 10/15 | €950,016 | €940,991 | -€9,024 | -0.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,984 | -€59,009 | -€9,024 | -18.1% |
| Amounts payable | 17/49 | €274,654 | €273,187 | -€1,467 | -0.5% |
| Amounts payable after more than one year | 17 | €256,800 | €256,800 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 175 | €6,800 | €6,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,854 | €16,387 | -€1,467 | -8.2% |
| Trade debts | 44 | €17,854 | €16,295 | -€1,558 | -8.7% |
| Suppliers | 440/4 | €17,854 | €16,295 | -€1,558 | -8.7% |
| Taxes, remuneration and social security | 45 | - | €91 | +€91 | |
| Taxes | 450/3 | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,190 | €26,339 | +€148 | +0.6% |
| Other operating charges | 640/8 | €6,421 | €7,621 | +€1,200 | +18.7% |
| Gross operating margin | 9900 | €7,126 | €32,085 | +€24,959 | +350% |
| Operating profit (loss) | 9901 | -€25,485 | -€1,874 | +€23,611 | +92.6% |
| Financial income | 75/76B | €958 | €734 | -€224 | -23.4% |
| Recurring financial income | 75 | €958 | €734 | -€224 | -23.4% |
| Financial charges | 65/66B | €7,900 | €7,884 | -€16 | -0.2% |
| Recurring financial charges | 65 | €7,900 | €7,884 | -€16 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,426 | -€9,024 | +€23,402 | +72.2% |
| Profit (loss) for the period | 9904 | -€32,426 | -€9,024 | +€23,402 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,426 | -€9,024 | +€23,402 | +72.2% |
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 16 October 2026 via checked.be.