Shendo: 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.
Shendo
Largest movements
- Cash +€1,110
up €1,110 (+1.9%), from €57,780 to €58,889
mainly Other debts (+€2,007) and Net result for the year (+€1,169)
- Other debts +€2,007
up €2,007 (+34.6%), from €5,806 to €7,813
- Trade debts -€1,403
down €1,403 (-21.6%), from €6,503 to €5,100
- Reserves +€1,169
up €1,169 (+2.7%), from €42,986 to €44,156
- Gross operating margin -€4,006
down €4,006 (-59.1%), from €6,781 to €2,775
- Taxes -€459
down €459 (-75.5%), from €608 to €149
- Depreciation +€192
up €192 (+82.5%), from €232 to €424
- Other operating charges -€90
down €90 (-6.6%), from €1,360 to €1,270
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 | €62,384 | €63,616 | +€1,231 | +2.0% |
| Fixed assets | 21/28 | €1,467 | €1,043 | -€424 | -28.9% |
| Tangible fixed assets | 22/27 | €1,418 | €993 | -€424 | -29.9% |
| Furniture and vehicles | 24 | €607 | €371 | -€236 | -38.9% |
| Other tangible fixed assets | 26 | €811 | €622 | -€188 | -23.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €60,917 | €62,573 | +€1,656 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,261 | €2,888 | +€626 | +27.7% |
| Trade receivables | 40 | €2,261 | €1,453 | -€809 | -35.8% |
| Other amounts receivable | 41 | - | €1,435 | +€1,435 | |
| Cash at bank and in hand | 54/58 | €57,780 | €58,889 | +€1,110 | +1.9% |
| Deferred charges and accrued income | 490/1 | €876 | €796 | -€80 | -9.1% |
| Total equity and liabilities | 10/49 | €62,384 | €63,616 | +€1,231 | +2.0% |
| Equity | 10/15 | €49,186 | €50,356 | +€1,169 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,986 | €44,156 | +€1,169 | +2.7% |
| Distributable reserves | 133 | €42,986 | €44,156 | +€1,169 | +2.7% |
| Amounts payable | 17/49 | €13,198 | €13,260 | +€62 | +0.5% |
| Amounts payable within one year | 42/48 | €12,851 | €12,913 | +€62 | +0.5% |
| Trade debts | 44 | €6,503 | €5,100 | -€1,403 | -21.6% |
| Suppliers | 440/4 | €6,503 | €5,100 | -€1,403 | -21.6% |
| Taxes, remuneration and social security | 45 | €541 | - | -€541 | |
| Taxes | 450/3 | €541 | - | -€541 | |
| Other amounts payable | 47/48 | €5,806 | €7,813 | +€2,007 | +34.6% |
| Accrued charges and deferred income | 492/3 | €348 | €348 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232 | €424 | +€192 | +82.5% |
| Other operating charges | 640/8 | €1,360 | €1,270 | -€90 | -6.6% |
| Gross operating margin | 9900 | €6,781 | €2,775 | -€4,006 | -59.1% |
| Operating profit (loss) | 9901 | €5,189 | €1,081 | -€4,108 | -79.2% |
| Financial income | 75/76B | €221 | €281 | +€60 | +26.9% |
| Recurring financial income | 75 | €221 | €281 | +€60 | +26.9% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €5,372 | €1,319 | -€4,053 | -75.5% |
| Income taxes | 67/77 | €608 | €149 | -€459 | -75.5% |
| Profit (loss) for the period | 9904 | €4,764 | €1,169 | -€3,595 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,764 | €1,169 | -€3,595 | -75.5% |
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 2 October 2026 via checked.be.