SHEKHINA: 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.
SHEKHINA
Largest movements
- Receivables within one year +€3,104
up €3,104 (+641%), from €484 to €3,588
- Cash -€3,015
down €3,015 (-97.7%), from €3,085 to €70
mainly Receivables within one year (-€3,104) and Other debts (-€2,580)
- Tangible fixed assets -€134
no longer reported in 2025 (was €134)
- Profit (loss) carried forward +€3,550
up €3,550 (+16.9%), from -€21,062 to -€17,513
- Other debts -€2,580
down €2,580 (-76.8%), from €3,361 to €781
- Tax, wage and social debts -€1,015
down €1,015 (-36.1%), from €2,812 to €1,797
- Gross operating margin -€1,754
down €1,754 (-29.1%), from €6,037 to €4,283
- Depreciation -€204
down €204 (-60.4%), from €338 to €134
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 | €3,703 | €3,658 | -€45 | -1.2% |
| Fixed assets | 21/28 | €134 | - | -€134 | |
| Tangible fixed assets | 22/27 | €134 | - | -€134 | |
| Plant, machinery and equipment | 23 | €134 | - | -€134 | |
| Current assets | 29/58 | €3,569 | €3,658 | +€89 | +2.5% |
| Amounts receivable within one year | 40/41 | €484 | €3,588 | +€3,104 | +641% |
| Trade receivables | 40 | €484 | €3,588 | +€3,104 | +641% |
| Cash at bank and in hand | 54/58 | €3,085 | €70 | -€3,015 | -97.7% |
| Total equity and liabilities | 10/49 | €3,703 | €3,658 | -€45 | -1.2% |
| Equity | 10/15 | -€2,470 | €1,079 | +€3,550 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,062 | -€17,513 | +€3,550 | +16.9% |
| Amounts payable | 17/49 | €6,173 | €2,578 | -€3,595 | -58.2% |
| Amounts payable within one year | 42/48 | €6,173 | €2,578 | -€3,595 | -58.2% |
| Taxes, remuneration and social security | 45 | €2,812 | €1,797 | -€1,015 | -36.1% |
| Taxes | 450/3 | €2,812 | €1,797 | -€1,015 | -36.1% |
| Other amounts payable | 47/48 | €3,361 | €781 | -€2,580 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €134 | -€204 | -60.4% |
| Other operating charges | 640/8 | €525 | €541 | +€16 | +3.1% |
| Gross operating margin | 9900 | €6,037 | €4,283 | -€1,754 | -29.1% |
| Operating profit (loss) | 9901 | €5,174 | €3,608 | -€1,566 | -30.3% |
| Financial charges | 65/66B | €100 | €58 | -€41 | -41.5% |
| Recurring financial charges | 65 | €100 | €58 | -€41 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €5,075 | €3,550 | -€1,525 | -30.1% |
| Profit (loss) for the period | 9904 | €5,075 | €3,550 | -€1,525 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,075 | €3,550 | -€1,525 | -30.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.