SHENDY: 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.
SHENDY
Largest movements
- Tangible fixed assets -€20,357
down €20,357 (-3.8%), from €540,760 to €520,403
- Debts after one year -€25,504
down €25,504 (-6.2%), from €411,577 to €386,073
- Gross operating margin +€3,980
up €3,980 (+11.2%), from €35,450 to €39,429
- Taxes +€1,059
up €1,059 (+107.2%), from €988 to €2,048
- Other operating charges +€701
up €701 (+40.4%), from €1,737 to €2,438
- Financial charges -€532
down €532 (-5.5%), from €9,652 to €9,121
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 | €546,990 | €529,202 | -€17,788 | -3.3% |
| Fixed assets | 21/28 | €540,760 | €520,403 | -€20,357 | -3.8% |
| Tangible fixed assets | 22/27 | €540,760 | €520,403 | -€20,357 | -3.8% |
| Land and buildings | 22 | €540,760 | €520,403 | -€20,357 | -3.8% |
| Current assets | 29/58 | €6,230 | €8,800 | +€2,569 | +41.2% |
| Amounts receivable within one year | 40/41 | €2,100 | €6,300 | +€4,200 | +200.0% |
| Trade receivables | 40 | €2,100 | €6,300 | +€4,200 | +200.0% |
| Cash at bank and in hand | 54/58 | €4,130 | €2,500 | -€1,631 | -39.5% |
| Total equity and liabilities | 10/49 | €546,990 | €529,202 | -€17,788 | -3.3% |
| Equity | 10/15 | €39,591 | €45,058 | +€5,466 | +13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,591 | €25,058 | +€5,466 | +27.9% |
| Amounts payable | 17/49 | €507,399 | €484,145 | -€23,254 | -4.6% |
| Amounts payable after more than one year | 17 | €411,577 | €386,073 | -€25,504 | -6.2% |
| Financial debts | 170/4 | €411,577 | €386,073 | -€25,504 | -6.2% |
| Amounts payable within one year | 42/48 | €95,822 | €98,072 | +€2,250 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €24,967 | €25,504 | +€537 | +2.2% |
| Trade debts | 44 | €2,346 | €3,000 | +€654 | +27.9% |
| Suppliers | 440/4 | €2,346 | €3,000 | +€654 | +27.9% |
| Taxes, remuneration and social security | 45 | €988 | €2,048 | +€1,059 | +107.2% |
| Taxes | 450/3 | €988 | €2,048 | +€1,059 | +107.2% |
| Other amounts payable | 47/48 | €67,521 | €67,521 | = | 0.0% |
| Non-recurring operating income | 76A | - | €574 | +€574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,357 | €20,357 | = | 0.0% |
| Other operating charges | 640/8 | €1,737 | €2,438 | +€701 | +40.4% |
| Gross operating margin | 9900 | €35,450 | €39,429 | +€3,980 | +11.2% |
| Operating profit (loss) | 9901 | €13,356 | €16,635 | +€3,279 | +24.5% |
| Financial charges | 65/66B | €9,652 | €9,121 | -€532 | -5.5% |
| Recurring financial charges | 65 | €9,652 | €9,121 | -€532 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €3,703 | €7,514 | +€3,811 | +102.9% |
| Income taxes | 67/77 | €988 | €2,048 | +€1,059 | +107.2% |
| Profit (loss) for the period | 9904 | €2,715 | €5,466 | +€2,751 | +101.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,715 | €5,466 | +€2,751 | +101.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.