Sherazade: 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.
Sherazade
Largest movements
- Tangible fixed assets +€3,329
up €3,329 (+187%), from €1,783 to €5,113
- Stocks and contracts +€2,591
up €2,591 (+167%), from €1,552 to €4,143
- Financial fixed assets -€1,400
down €1,400 (-100%), from €1,400 to €0
- Receivables within one year -€893
down €893 (-38.4%), from €2,325 to €1,432
of which Trade receivables: -€898
- Cash +€325
up €325 (+14.9%), from €2,184 to €2,508
mainly Other debts (+€3,780) and Net result for the year (+€1,160)
- Other debts +€3,780
up €3,780 (+1,870%), from €202 to €3,982
- Tax, wage and social debts -€1,210
down €1,210 (-40.7%), from €2,976 to €1,766
- Profit (loss) carried forward +€1,160
up €1,160 (+22.8%), from -€5,076 to -€3,917
- Trade debts +€222
up €222 (+5.3%), from €4,215 to €4,438
- Gross operating margin +€2,289
up €2,289 (+184%), from €1,244 to €3,533
- Other operating charges +€1,398
up €1,398 (+310%), from €451 to €1,849
- Depreciation -€374
no longer reported in 2025 (was €374)
- Financial charges +€127
up €127 (+30.7%), from €413 to €540
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 | €9,243 | €13,195 | +€3,952 | +42.8% |
| Fixed assets | 21/28 | €3,183 | €5,113 | +€1,929 | +60.6% |
| Tangible fixed assets | 22/27 | €1,783 | €5,113 | +€3,329 | +187% |
| Other tangible fixed assets | 26 | €1,783 | €5,113 | +€3,329 | +187% |
| Financial fixed assets | 28 | €1,400 | €0 | -€1,400 | -100% |
| Current assets | 29/58 | €6,060 | €8,083 | +€2,023 | +33.4% |
| Stocks and contracts in progress | 3 | €1,552 | €4,143 | +€2,591 | +167% |
| Stocks | 30/36 | €1,552 | €4,143 | +€2,591 | +167% |
| Amounts receivable within one year | 40/41 | €2,325 | €1,432 | -€893 | -38.4% |
| Trade receivables | 40 | €2,321 | €1,423 | -€898 | -38.7% |
| Other amounts receivable | 41 | €4 | €9 | +€5 | +123% |
| Cash at bank and in hand | 54/58 | €2,184 | €2,508 | +€325 | +14.9% |
| Total equity and liabilities | 10/49 | €9,243 | €13,195 | +€3,952 | +42.8% |
| Equity | 10/15 | €1,850 | €3,009 | +€1,160 | +62.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €726 | €726 | = | 0.0% |
| Distributable reserves | 133 | €726 | €726 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,076 | -€3,917 | +€1,160 | +22.8% |
| Amounts payable | 17/49 | €7,394 | €10,186 | +€2,792 | +37.8% |
| Amounts payable within one year | 42/48 | €7,394 | €10,186 | +€2,792 | +37.8% |
| Trade debts | 44 | €4,215 | €4,438 | +€222 | +5.3% |
| Suppliers | 440/4 | €4,215 | €4,438 | +€222 | +5.3% |
| Taxes, remuneration and social security | 45 | €2,976 | €1,766 | -€1,210 | -40.7% |
| Taxes | 450/3 | €2,976 | €1,766 | -€1,210 | -40.7% |
| Other amounts payable | 47/48 | €202 | €3,982 | +€3,780 | +1,870% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | - | -€374 | |
| Other operating charges | 640/8 | €451 | €1,849 | +€1,398 | +310% |
| Gross operating margin | 9900 | €1,244 | €3,533 | +€2,289 | +184% |
| Operating profit (loss) | 9901 | €419 | €1,684 | +€1,265 | +302% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €413 | €540 | +€127 | +30.7% |
| Recurring financial charges | 65 | €413 | €540 | +€127 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €6 | €1,160 | +€1,153 | +18,634% |
| Profit (loss) for the period | 9904 | €6 | €1,160 | +€1,153 | +18,634% |
| Profit (loss) for the period to be appropriated | 9905 | €6 | €1,160 | +€1,153 | +18,634% |
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 17 October 2026 via checked.be.