SHERA MULTANI: 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.
SHERA MULTANI
Largest movements
- Tangible fixed assets -€2,936
down €2,936 (-81.9%), from €3,584 to €648
of which Furniture and vehicles: -€2,138
- Stocks and contracts -€2,037
down €2,037 (-2.0%), from €101,890 to €99,853
- Other debts -€10,469
down €10,469 (-31.0%), from €33,775 to €23,306
- Profit (loss) carried forward +€6,608
up €6,608, from -€3,972 to €2,636
- Short-term financial debts -€1,347
down €1,347 (-20.6%), from €6,549 to €5,202
- Purchases and services +€66,885
up €66,885 (+11.8%), from €565,805 to €632,690
- Turnover +€60,784
up €60,784 (+9.9%), from €612,902 to €673,686
- Staff costs -€9,309
down €9,309 (-24.4%), from €38,109 to €28,800
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 | €107,265 | €101,305 | -€5,960 | -5.6% |
| Fixed assets | 21/28 | €3,737 | €801 | -€2,936 | -78.6% |
| Tangible fixed assets | 22/27 | €3,584 | €648 | -€2,936 | -81.9% |
| Plant, machinery and equipment | 23 | €1,446 | €648 | -€798 | -55.2% |
| Furniture and vehicles | 24 | €2,138 | - | -€2,138 | |
| Financial fixed assets | 28 | €153 | €153 | = | 0.0% |
| Current assets | 29/58 | €103,528 | €100,504 | -€3,024 | -2.9% |
| Stocks and contracts in progress | 3 | €101,890 | €99,853 | -€2,037 | -2.0% |
| Stocks | 30/36 | €101,890 | €99,853 | -€2,037 | -2.0% |
| Cash at bank and in hand | 54/58 | €1,638 | €651 | -€987 | -60.3% |
| Total equity and liabilities | 10/49 | €107,265 | €101,305 | -€5,960 | -5.6% |
| Equity | 10/15 | €3,328 | €9,936 | +€6,608 | +198.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,100 | €1,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Legal reserve | 130 | €1,100 | - | -€1,100 | |
| Reserves not available under the articles | 1311 | - | €1,100 | +€1,100 | |
| Profit (loss) carried forward | 14 | -€3,972 | €2,636 | +€6,608 | |
| Amounts payable | 17/49 | €103,937 | €91,369 | -€12,568 | -12.1% |
| Amounts payable within one year | 42/48 | €103,937 | €91,369 | -€12,568 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €1,125 | €1,125 | = | 0.0% |
| Financial debts | 43 | €6,549 | €5,202 | -€1,347 | -20.6% |
| Credit institutions | 430/8 | €6,549 | €5,202 | -€1,347 | -20.6% |
| Trade debts | 44 | €39,027 | €39,345 | +€318 | +0.8% |
| Suppliers | 440/4 | €39,027 | €39,345 | +€318 | +0.8% |
| Taxes, remuneration and social security | 45 | €23,461 | €22,391 | -€1,070 | -4.6% |
| Taxes | 450/3 | €10,001 | €6,441 | -€3,560 | -35.6% |
| Remuneration and social security | 454/9 | €13,460 | €15,950 | +€2,490 | +18.5% |
| Other amounts payable | 47/48 | €33,775 | €23,306 | -€10,469 | -31.0% |
| Turnover | 70 | €612,902 | €673,686 | +€60,784 | +9.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €565,805 | €632,690 | +€66,885 | +11.8% |
| Remuneration, social security and pensions | 62 | €38,109 | €28,800 | -€9,309 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,183 | €2,937 | -€246 | -7.7% |
| Other operating charges | 640/8 | €1,259 | €1,699 | +€440 | +34.9% |
| Gross operating margin | 9900 | €47,097 | €40,996 | -€6,101 | -13.0% |
| Operating profit (loss) | 9901 | €4,546 | €7,560 | +€3,014 | +66.3% |
| Financial charges | 65/66B | €1,496 | €293 | -€1,203 | -80.4% |
| Recurring financial charges | 65 | €1,496 | €293 | -€1,203 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €3,050 | €7,267 | +€4,217 | +138.3% |
| Income taxes | 67/77 | - | €659 | +€659 | |
| Profit (loss) for the period | 9904 | €3,050 | €6,608 | +€3,558 | +116.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,050 | €6,608 | +€3,558 | +116.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.