Sher-Lock: 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.
Sher-Lock
Largest movements
- Tangible fixed assets -€9,250
down €9,250 (-9.0%), from €103,347 to €94,097
of which Land and buildings: -€9,250
- Reserves -€7,309
down €7,309 (-15.4%), from €47,504 to €40,195
of which Distributable reserves: -€7,309
- Current portion of long-term debt -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Trade debts -€3,052
down €3,052 (-61.2%), from €4,984 to €1,932
- Other debts +€2,486
up €2,486 (+8.3%), from €29,857 to €32,343
- Tax, wage and social debts +€2,454
up €2,454, from €0 to €2,454
- Gross operating margin +€5,928
up €5,928 (+69.8%), from €8,496 to €14,424
- Financial charges +€1,544
up €1,544 (+280.9%), from €550 to €2,093
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 | €110,410 | €99,026 | -€11,384 | -10.3% |
| Fixed assets | 21/28 | €103,347 | €94,097 | -€9,250 | -9.0% |
| Tangible fixed assets | 22/27 | €103,347 | €94,097 | -€9,250 | -9.0% |
| Land and buildings | 22 | €103,347 | €94,097 | -€9,250 | -9.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €7,064 | €4,929 | -€2,134 | -30.2% |
| Amounts receivable within one year | 40/41 | €1,781 | €1,194 | -€587 | -33.0% |
| Trade receivables | 40 | - | €492 | +€492 | |
| Other amounts receivable | 41 | €1,781 | €702 | -€1,079 | -60.6% |
| Cash at bank and in hand | 54/58 | €3,766 | €2,963 | -€803 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,517 | €772 | -€745 | -49.1% |
| Total equity and liabilities | 10/49 | €110,410 | €99,026 | -€11,384 | -10.3% |
| Equity | 10/15 | €66,054 | €58,745 | -€7,309 | -11.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €47,504 | €40,195 | -€7,309 | -15.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €47,504 | €40,195 | -€7,309 | -15.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,356 | €40,281 | -€4,075 | -9.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,076 | €40,235 | -€3,842 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €0 | -€5,000 | -100.0% |
| Trade debts | 44 | €4,984 | €1,932 | -€3,052 | -61.2% |
| Suppliers | 440/4 | €4,984 | €1,932 | -€3,052 | -61.2% |
| Advances received on contracts in progress | 46 | €4,235 | €3,505 | -€730 | -17.2% |
| Taxes, remuneration and social security | 45 | €0 | €2,454 | +€2,454 | |
| Taxes | 450/3 | €0 | €2,454 | +€2,454 | |
| Other amounts payable | 47/48 | €29,857 | €32,343 | +€2,486 | +8.3% |
| Accrued charges and deferred income | 492/3 | €280 | €46 | -€234 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,250 | €9,250 | = | 0.0% |
| Other operating charges | 640/8 | €1,769 | €1,767 | -€2 | -0.1% |
| Non-recurring operating charges | 66A | €306 | €0 | -€306 | -100.0% |
| Gross operating margin | 9900 | €8,496 | €14,424 | +€5,928 | +69.8% |
| Operating profit (loss) | 9901 | -€2,828 | €3,407 | +€6,236 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €550 | €2,093 | +€1,544 | +280.9% |
| Recurring financial charges | 65 | €550 | €2,093 | +€1,544 | +280.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,378 | €1,314 | +€4,692 | |
| Income taxes | 67/77 | - | €119 | +€119 | |
| Profit (loss) for the period | 9904 | -€3,378 | €1,195 | +€4,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,378 | €1,195 | +€4,572 |
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 10 October 2026 via checked.be.