SHEMA TRANSPORT: 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.
SHEMA TRANSPORT
Largest movements
- Receivables within one year -€62,559
down €62,559 (-37.5%), from €166,638 to €104,079
of which Trade receivables: -€71,144
- Cash -€52,834
down €52,834 (-43.6%), from €121,083 to €68,249
mainly Net result for the year (-€37,633) and Tax, wage and social debts (-€32,479)
- Intangible fixed assets -€12,000
down €12,000 (-16.7%), from €71,728 to €59,728
- Tangible fixed assets +€6,930
up €6,930 (+32.6%), from €21,250 to €28,180
of which Other tangible fixed assets: +€22,410
- Profit (loss) carried forward -€37,633
down €37,633 (-34.2%), from €110,156 to €72,523
- Tax, wage and social debts -€32,479
down €32,479 (-47.1%), from €68,927 to €36,448
of which Remuneration and social security: -€20,965
- Other debts -€21,376
down €21,376 (-15.2%), from €140,580 to €119,204
- Trade debts -€20,595
down €20,595 (-48.5%), from €42,425 to €21,830
- Debts after one year -€8,000
down €8,000 (-54.2%), from €14,750 to €6,750
- Gross operating margin -€59,189
down €59,189 (-15.2%), from €388,587 to €329,398
- Staff costs +€35,322
up €35,322 (+14.2%), from €248,973 to €284,295
- Financial charges +€17,985
up €17,985 (+48.1%), from €37,357 to €55,342
- Taxes -€10,252
down €10,252 (-50.6%), from €20,252 to €10,000
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 | €382,297 | €262,381 | -€119,916 | -31.4% |
| Fixed assets | 21/28 | €92,978 | €87,909 | -€5,069 | -5.5% |
| Intangible fixed assets | 21 | €71,728 | €59,728 | -€12,000 | -16.7% |
| Tangible fixed assets | 22/27 | €21,250 | €28,180 | +€6,930 | +32.6% |
| Land and buildings | 22 | €5,100 | €5,100 | = | 0.0% |
| Furniture and vehicles | 24 | €1,210 | €670 | -€540 | -44.6% |
| Other tangible fixed assets | 26 | - | €22,410 | +€22,410 | |
| Assets under construction and advance payments | 27 | €14,940 | - | -€14,940 | |
| Current assets | 29/58 | €289,319 | €174,473 | -€114,846 | -39.7% |
| Amounts receivable within one year | 40/41 | €166,638 | €104,079 | -€62,559 | -37.5% |
| Trade receivables | 40 | €166,638 | €95,494 | -€71,144 | -42.7% |
| Other amounts receivable | 41 | - | €8,584 | +€8,584 | |
| Cash at bank and in hand | 54/58 | €121,083 | €68,249 | -€52,834 | -43.6% |
| Deferred charges and accrued income | 490/1 | €1,598 | €2,145 | +€547 | +34.2% |
| Total equity and liabilities | 10/49 | €382,297 | €262,381 | -€119,916 | -31.4% |
| Equity | 10/15 | €115,156 | €77,523 | -€37,633 | -32.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,156 | €72,523 | -€37,633 | -34.2% |
| Amounts payable | 17/49 | €267,141 | €184,858 | -€82,283 | -30.8% |
| Amounts payable after more than one year | 17 | €14,750 | €6,750 | -€8,000 | -54.2% |
| Financial debts | 170/4 | €14,750 | €6,750 | -€8,000 | -54.2% |
| Amounts payable within one year | 42/48 | €252,391 | €178,108 | -€74,283 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €459 | €625 | +€166 | +36.2% |
| Trade debts | 44 | €42,425 | €21,830 | -€20,595 | -48.5% |
| Suppliers | 440/4 | €42,425 | €21,830 | -€20,595 | -48.5% |
| Taxes, remuneration and social security | 45 | €68,927 | €36,448 | -€32,479 | -47.1% |
| Taxes | 450/3 | €29,022 | €17,509 | -€11,513 | -39.7% |
| Remuneration and social security | 454/9 | €39,905 | €18,940 | -€20,965 | -52.5% |
| Other amounts payable | 47/48 | €140,580 | €119,204 | -€21,376 | -15.2% |
| Remuneration, social security and pensions | 62 | €248,973 | €284,295 | +€35,322 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,678 | €12,540 | -€138 | -1.1% |
| Other operating charges | 640/8 | €4,788 | €4,856 | +€68 | +1.4% |
| Gross operating margin | 9900 | €388,587 | €329,398 | -€59,189 | -15.2% |
| Operating profit (loss) | 9901 | €122,148 | €27,707 | -€94,441 | -77.3% |
| Financial income | 75/76B | €1 | €2 | +€1 | +58.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +58.0% |
| Financial charges | 65/66B | €37,357 | €55,342 | +€17,985 | +48.1% |
| Recurring financial charges | 65 | €37,357 | €55,342 | +€17,985 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €84,792 | -€27,633 | -€112,425 | |
| Income taxes | 67/77 | €20,252 | €10,000 | -€10,252 | -50.6% |
| Profit (loss) for the period | 9904 | €64,540 | -€37,633 | -€102,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,540 | -€37,633 | -€102,173 |
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 27 October 2026 via checked.be.