Shelt3r: 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.
Shelt3r
Largest movements
- Receivables after one year +€35,000
up €35,000 (+21.2%), from €165,000 to €200,000
- Tangible fixed assets -€22,048
down €22,048 (-2.3%), from €971,479 to €949,432
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€2,439
down €2,439 (-4.0%), from €60,945 to €58,506
- Financial income -€1,759
down €1,759 (-19.7%), from €8,947 to €7,188
- Other operating charges +€1,502
up €1,502 (+22.7%), from €6,629 to €8,131
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 | €1,155,114 | €1,167,741 | +€12,627 | +1.1% |
| Fixed assets | 21/28 | €971,479 | €949,432 | -€22,048 | -2.3% |
| Tangible fixed assets | 22/27 | €971,479 | €949,432 | -€22,048 | -2.3% |
| Land and buildings | 22 | €971,479 | €949,432 | -€22,048 | -2.3% |
| Current assets | 29/58 | €183,635 | €218,309 | +€34,674 | +18.9% |
| Amounts receivable after more than one year | 29 | €165,000 | €200,000 | +€35,000 | +21.2% |
| Other amounts receivable | 291 | €165,000 | €200,000 | +€35,000 | +21.2% |
| Amounts receivable within one year | 40/41 | - | €18 | +€18 | |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €18,635 | €13,792 | -€4,843 | -26.0% |
| Deferred charges and accrued income | 490/1 | - | €4,500 | +€4,500 | |
| Total equity and liabilities | 10/49 | €1,155,114 | €1,167,741 | +€12,627 | +1.1% |
| Equity | 10/15 | €1,150,114 | €1,160,890 | +€10,776 | +0.9% |
| Contributions | 10/11 | €251,793 | €251,793 | = | 0.0% |
| Revaluation surpluses | 12 | €896,836 | €896,836 | = | 0.0% |
| Reserves | 13 | €28,174 | €28,174 | = | 0.0% |
| Distributable reserves | 133 | €28,174 | €28,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,689 | -€15,913 | +€10,776 | +40.4% |
| Amounts payable | 17/49 | €5,000 | €6,851 | +€1,851 | +37.0% |
| Amounts payable within one year | 42/48 | €1,438 | €1,445 | +€7 | +0.5% |
| Trade debts | 44 | €768 | €775 | +€7 | +0.9% |
| Suppliers | 440/4 | €768 | €775 | +€7 | +0.9% |
| Other amounts payable | 47/48 | €670 | €670 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,562 | €5,405 | +€1,844 | +51.8% |
| Remuneration, social security and pensions | 62 | €24,608 | €24,635 | +€27 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,110 | €22,048 | -€63 | -0.3% |
| Other operating charges | 640/8 | €6,629 | €8,131 | +€1,502 | +22.7% |
| Non-recurring operating charges | 66A | €4,297 | - | -€4,297 | |
| Gross operating margin | 9900 | €60,945 | €58,506 | -€2,439 | -4.0% |
| Operating profit (loss) | 9901 | €3,301 | €3,693 | +€392 | +11.9% |
| Financial income | 75/76B | €8,947 | €7,188 | -€1,759 | -19.7% |
| Recurring financial income | 75 | €8,947 | €7,188 | -€1,759 | -19.7% |
| Financial charges | 65/66B | €272 | €104 | -€168 | -61.6% |
| Recurring financial charges | 65 | €272 | €104 | -€168 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €11,976 | €10,776 | -€1,200 | -10.0% |
| Income taxes | 67/77 | €20 | €0 | -€20 | -100.0% |
| Profit (loss) for the period | 9904 | €11,956 | €10,776 | -€1,180 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,956 | €10,776 | -€1,180 | -9.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.