SHERA and CO: 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.
SHERA and CO
Largest movements
- Cash -€3,293
down €3,293 (-16.7%), from €19,677 to €16,384
mainly Tax, wage and social debts (-€5,388) and Net result for the year (-€3,492)
- Deferred charges and accrued income +€3,225
up €3,225, from €0 to €3,225
- Receivables within one year -€1,758
down €1,758 (-9.8%), from €17,960 to €16,203
of which Trade receivables: -€1,511
- Trade debts +€7,094
up €7,094 (+207%), from €3,433 to €10,527
- Tax, wage and social debts -€5,388
down €5,388 (-27.4%), from €19,660 to €14,273
of which Taxes: -€5,638
- Profit (loss) carried forward -€3,492
down €3,492, from €990 to -€2,501
- Gross operating margin -€12,665
down €12,665 (-66.6%), from €19,018 to €6,354
- Other operating charges -€1,547
down €1,547 (-23.4%), from €6,616 to €5,069
- Taxes -€1,385
down €1,385 (-41.9%), from €3,308 to €1,923
- Financial charges +€882
up €882 (+443%), from €199 to €1,081
- Depreciation +€706
up €706 (+66.2%), from €1,066 to €1,772
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 | €47,436 | €45,287 | -€2,149 | -4.5% |
| Fixed assets | 21/28 | €9,798 | €9,476 | -€323 | -3.3% |
| Tangible fixed assets | 22/27 | €9,731 | €9,409 | -€323 | -3.3% |
| Furniture and vehicles | 24 | €1,419 | €2,189 | +€769 | +54.2% |
| Other tangible fixed assets | 26 | €8,312 | €7,220 | -€1,092 | -13.1% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €37,638 | €35,811 | -€1,826 | -4.9% |
| Amounts receivable within one year | 40/41 | €17,960 | €16,203 | -€1,758 | -9.8% |
| Trade receivables | 40 | €17,713 | €16,203 | -€1,511 | -8.5% |
| Other amounts receivable | 41 | €247 | - | -€247 | |
| Cash at bank and in hand | 54/58 | €19,677 | €16,384 | -€3,293 | -16.7% |
| Deferred charges and accrued income | 490/1 | €0 | €3,225 | +€3,225 | |
| Total equity and liabilities | 10/49 | €47,436 | €45,287 | -€2,149 | -4.5% |
| Equity | 10/15 | €22,290 | €18,799 | -€3,492 | -15.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €17,800 | €17,800 | = | 0.0% |
| Distributable reserves | 133 | €17,800 | €17,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €990 | -€2,501 | -€3,492 | |
| Amounts payable | 17/49 | €25,146 | €26,489 | +€1,343 | +5.3% |
| Amounts payable within one year | 42/48 | €25,146 | €26,489 | +€1,343 | +5.3% |
| Trade debts | 44 | €3,433 | €10,527 | +€7,094 | +207% |
| Suppliers | 440/4 | €3,433 | €10,527 | +€7,094 | +207% |
| Taxes, remuneration and social security | 45 | €19,660 | €14,273 | -€5,388 | -27.4% |
| Taxes | 450/3 | €15,810 | €10,173 | -€5,638 | -35.7% |
| Remuneration and social security | 454/9 | €3,850 | €4,100 | +€250 | +6.5% |
| Other amounts payable | 47/48 | €2,052 | €1,689 | -€363 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €1,772 | +€706 | +66.2% |
| Other operating charges | 640/8 | €6,616 | €5,069 | -€1,547 | -23.4% |
| Gross operating margin | 9900 | €19,018 | €6,354 | -€12,665 | -66.6% |
| Operating profit (loss) | 9901 | €11,337 | -€487 | -€11,824 | |
| Financial charges | 65/66B | €199 | €1,081 | +€882 | +443% |
| Recurring financial charges | 65 | €199 | €1,081 | +€882 | +443% |
| Profit (loss) for the period before taxes | 9903 | €11,137 | -€1,568 | -€12,706 | |
| Income taxes | 67/77 | €3,308 | €1,923 | -€1,385 | -41.9% |
| Profit (loss) for the period | 9904 | €7,829 | -€3,492 | -€11,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,829 | -€3,492 | -€11,321 |
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 1 November 2026 via checked.be.