Sheniflex: 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.
Sheniflex
Largest movements
- Receivables within one year -€63,050
down €63,050 (-42.7%), from €147,674 to €84,624
of which Trade receivables: -€65,814
- Deferred charges and accrued income +€53,582
new in 2025: €53,582
- Cash +€9,876
up €9,876 (+70.6%), from €13,997 to €23,873
mainly Receivables within one year (+€63,050) and Net result for the year (+€12,506)
- Tangible fixed assets -€7,796
down €7,796 (-39.0%), from €19,994 to €12,198
- Tax, wage and social debts -€15,715
down €15,715 (-41.8%), from €37,598 to €21,883
of which Remuneration and social security: -€10,694
- Profit (loss) carried forward +€12,506
up €12,506 (+13.6%), from €91,711 to €104,217
- Trade debts -€2,783
down €2,783 (-8.6%), from €32,500 to €29,717
- Gross operating margin -€58,228
down €58,228 (-28.5%), from €204,464 to €146,237
- Staff costs -€32,286
down €32,286 (-27.5%), from €117,458 to €85,172
- Depreciation -€6,983
down €6,983 (-66.6%), from €10,488 to €3,504
- Other operating charges -€6,357
down €6,357 (-14.2%), from €44,865 to €38,508
- Taxes -€3,317
down €3,317 (-45.2%), from €7,341 to €4,024
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 | €183,664 | €176,278 | -€7,387 | -4.0% |
| Fixed assets | 21/28 | €21,994 | €14,198 | -€7,796 | -35.4% |
| Tangible fixed assets | 22/27 | €19,994 | €12,198 | -€7,796 | -39.0% |
| Furniture and vehicles | 24 | €19,994 | €12,198 | -€7,796 | -39.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €161,671 | €162,079 | +€409 | +0.3% |
| Amounts receivable within one year | 40/41 | €147,674 | €84,624 | -€63,050 | -42.7% |
| Trade receivables | 40 | €136,997 | €71,183 | -€65,814 | -48.0% |
| Other amounts receivable | 41 | €10,677 | €13,441 | +€2,764 | +25.9% |
| Cash at bank and in hand | 54/58 | €13,997 | €23,873 | +€9,876 | +70.6% |
| Deferred charges and accrued income | 490/1 | - | €53,582 | +€53,582 | |
| Total equity and liabilities | 10/49 | €183,664 | €176,278 | -€7,387 | -4.0% |
| Equity | 10/15 | €112,171 | €124,677 | +€12,506 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,711 | €104,217 | +€12,506 | +13.6% |
| Amounts payable | 17/49 | €71,493 | €51,600 | -€19,893 | -27.8% |
| Amounts payable within one year | 42/48 | €71,493 | €51,600 | -€19,893 | -27.8% |
| Trade debts | 44 | €32,500 | €29,717 | -€2,783 | -8.6% |
| Suppliers | 440/4 | €32,500 | €29,717 | -€2,783 | -8.6% |
| Taxes, remuneration and social security | 45 | €37,598 | €21,883 | -€15,715 | -41.8% |
| Taxes | 450/3 | €16,386 | €11,365 | -€5,022 | -30.6% |
| Remuneration and social security | 454/9 | €21,212 | €10,519 | -€10,694 | -50.4% |
| Other amounts payable | 47/48 | €1,395 | - | -€1,395 | |
| Remuneration, social security and pensions | 62 | €117,458 | €85,172 | -€32,286 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,488 | €3,504 | -€6,983 | -66.6% |
| Other operating charges | 640/8 | €44,865 | €38,508 | -€6,357 | -14.2% |
| Gross operating margin | 9900 | €204,464 | €146,237 | -€58,228 | -28.5% |
| Operating profit (loss) | 9901 | €31,654 | €19,052 | -€12,602 | -39.8% |
| Financial income | 75/76B | €0 | €6 | +€5 | +2,660% |
| Recurring financial income | 75 | €0 | €6 | +€5 | +2,660% |
| Financial charges | 65/66B | €1,451 | €2,528 | +€1,077 | +74.2% |
| Recurring financial charges | 65 | €1,451 | €2,528 | +€1,077 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €30,203 | €16,530 | -€13,673 | -45.3% |
| Income taxes | 67/77 | €7,341 | €4,024 | -€3,317 | -45.2% |
| Profit (loss) for the period | 9904 | €22,862 | €12,506 | -€10,356 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,862 | €12,506 | -€10,356 | -45.3% |
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 16 October 2026 via checked.be.