SHELLSER: 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.
SHELLSER
Largest movements
- Tangible fixed assets -€6,000
down €6,000 (-8.5%), from €71,000 to €65,000
- Cash +€939
up €939 (+10.4%), from €9,061 to €10,000
mainly Net result for the year (+€17,618) and Depreciation (+€6,000)
- Profit (loss) carried forward +€17,618
up €17,618 (+42.0%), from -€41,938 to -€24,320
- Debts after one year -€16,567
down €16,567 (-79.8%), from €20,771 to €4,204
- Other debts -€4,995
down €4,995 (-7.1%), from €70,765 to €65,770
- Trade debts -€1,462
down €1,462 (-74.3%), from €1,968 to €506
- Gross operating margin +€19,304
up €19,304 (+145.9%), from €13,233 to €32,537
- Taxes +€2,059
new in 2023: €2,059
- Other operating charges -€951
down €951 (-13.6%), from €6,971 to €6,020
- Financial charges -€379
down €379 (-31.1%), from €1,219 to €840
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,242 | €75,227 | -€5,016 | -6.3% |
| Fixed assets | 21/28 | €71,000 | €65,000 | -€6,000 | -8.5% |
| Tangible fixed assets | 22/27 | €71,000 | €65,000 | -€6,000 | -8.5% |
| Land and buildings | 22 | €71,000 | €65,000 | -€6,000 | -8.5% |
| Current assets | 29/58 | €9,242 | €10,227 | +€984 | +10.7% |
| Cash at bank and in hand | 54/58 | €9,061 | €10,000 | +€939 | +10.4% |
| Deferred charges and accrued income | 490/1 | €181 | €227 | +€46 | +25.2% |
| Total equity and liabilities | 10/49 | €80,242 | €75,227 | -€5,016 | -6.3% |
| Equity | 10/15 | -€29,438 | -€11,820 | +€17,618 | +59.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | €12,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,100 | €6,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,938 | -€24,320 | +€17,618 | +42.0% |
| Amounts payable | 17/49 | €109,680 | €87,046 | -€22,634 | -20.6% |
| Amounts payable after more than one year | 17 | €20,771 | €4,204 | -€16,567 | -79.8% |
| Financial debts | 170/4 | €20,771 | €4,204 | -€16,567 | -79.8% |
| Amounts payable within one year | 42/48 | €88,909 | €82,842 | -€6,067 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €16,177 | €16,567 | +€390 | +2.4% |
| Trade debts | 44 | €1,968 | €506 | -€1,462 | -74.3% |
| Suppliers | 440/4 | €1,968 | €506 | -€1,462 | -74.3% |
| Other amounts payable | 47/48 | €70,765 | €65,770 | -€4,995 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €6,000 | = | 0.0% |
| Other operating charges | 640/8 | €6,971 | €6,020 | -€951 | -13.6% |
| Gross operating margin | 9900 | €13,233 | €32,537 | +€19,304 | +145.9% |
| Operating profit (loss) | 9901 | €262 | €20,517 | +€20,255 | +7742.8% |
| Financial charges | 65/66B | €1,219 | €840 | -€379 | -31.1% |
| Recurring financial charges | 65 | €1,219 | €840 | -€379 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€957 | €19,677 | +€20,634 | |
| Income taxes | 67/77 | - | €2,059 | +€2,059 | |
| Profit (loss) for the period | 9904 | -€957 | €17,618 | +€18,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€957 | €17,618 | +€18,575 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.