SHEJI CREATION: 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.
SHEJI CREATION
Largest movements
- Cash +€20,572
up €20,572 (+385%), from €5,342 to €25,913
mainly Net result for the year (+€30,515) and Other debts (+€4,000)
- Receivables within one year +€10,071
up €10,071 (+258%), from €3,910 to €13,980
of which Other amounts receivable: +€7,714
- Tangible fixed assets +€3,872
up €3,872 (+117%), from €3,323 to €7,195
- Deferred charges and accrued income +€1,149
up €1,149 (+583%), from €197 to €1,346
- Profit (loss) carried forward +€30,515
up €30,515 (+402%), from €7,587 to €38,102
- Other debts +€4,000
new in 2025: €4,000
- Trade debts +€1,496
up €1,496 (+157%), from €954 to €2,449
- Gross operating margin +€19,645
up €19,645 (+155%), from €12,647 to €32,292
- Financial charges -€1,584
down €1,584 (-68.1%), from €2,326 to €741
- Financial income +€1,182
up €1,182 (+2,358%), from €50 to €1,232
of which Non-recurring financial income: +€1,000
- Depreciation -€1,041
down €1,041 (-36.2%), from €2,878 to €1,837
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 | €13,171 | €48,835 | +€35,664 | +271% |
| Fixed assets | 21/28 | €3,723 | €7,595 | +€3,872 | +104% |
| Tangible fixed assets | 22/27 | €3,323 | €7,195 | +€3,872 | +117% |
| Furniture and vehicles | 24 | €3,323 | €7,195 | +€3,872 | +117% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €9,448 | €41,240 | +€31,792 | +336% |
| Amounts receivable within one year | 40/41 | €3,910 | €13,980 | +€10,071 | +258% |
| Trade receivables | 40 | €1,317 | €3,675 | +€2,357 | +179% |
| Other amounts receivable | 41 | €2,592 | €10,306 | +€7,714 | +298% |
| Cash at bank and in hand | 54/58 | €5,342 | €25,913 | +€20,572 | +385% |
| Deferred charges and accrued income | 490/1 | €197 | €1,346 | +€1,149 | +583% |
| Total equity and liabilities | 10/49 | €13,171 | €48,835 | +€35,664 | +271% |
| Equity | 10/15 | €11,587 | €42,102 | +€30,515 | +263% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,587 | €38,102 | +€30,515 | +402% |
| Amounts payable | 17/49 | €1,584 | €6,733 | +€5,149 | +325% |
| Amounts payable within one year | 42/48 | €1,443 | €6,702 | +€5,259 | +364% |
| Trade debts | 44 | €954 | €2,449 | +€1,496 | +157% |
| Suppliers | 440/4 | €954 | €2,449 | +€1,496 | +157% |
| Taxes, remuneration and social security | 45 | €489 | €253 | -€236 | -48.3% |
| Taxes | 450/3 | €489 | €253 | -€236 | -48.3% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Accrued charges and deferred income | 492/3 | €141 | €31 | -€110 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,878 | €1,837 | -€1,041 | -36.2% |
| Other operating charges | 640/8 | €207 | €201 | -€6 | -2.8% |
| Gross operating margin | 9900 | €12,647 | €32,292 | +€19,645 | +155% |
| Operating profit (loss) | 9901 | €9,562 | €30,254 | +€20,692 | +216% |
| Financial income | 75/76B | €50 | €1,232 | +€1,182 | +2,358% |
| Recurring financial income | 75 | €50 | €232 | +€182 | +363% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €2,326 | €741 | -€1,584 | -68.1% |
| Recurring financial charges | 65 | €2,326 | €741 | -€1,584 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €7,286 | €30,745 | +€23,459 | +322% |
| Income taxes | 67/77 | €253 | €230 | -€23 | -9.0% |
| Profit (loss) for the period | 9904 | €7,034 | €30,515 | +€23,481 | +334% |
| Profit (loss) for the period to be appropriated | 9905 | €7,034 | €30,515 | +€23,481 | +334% |
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 30 October 2026 via checked.be.