Sherpa EU: 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.
Sherpa EU
Largest movements
- Receivables within one year +€34,473
up €34,473 (+529%), from €6,515 to €40,988
of which Trade receivables: +€34,471
- Tangible fixed assets +€6,354
up €6,354 (+73.1%), from €8,691 to €15,045
of which Furniture and vehicles: +€6,061
- Cash +€4,658
up €4,658 (+39.9%), from €11,688 to €16,347
mainly Net result for the year (+€25,695) and Other debts (+€16,325)
- Profit (loss) carried forward +€25,695
up €25,695 (+73.6%), from -€34,897 to -€9,202
- Other debts +€16,325
up €16,325 (+37.3%), from €43,713 to €60,038
- Tax, wage and social debts +€3,060
up €3,060 (+50.4%), from €6,072 to €9,132
- Gross operating margin +€34,835
up €34,835, from -€4,278 to €30,557
- Depreciation +€2,701
up €2,701 (+295%), from €915 to €3,616
- Other operating charges +€663
up €663 (+272%), from €244 to €907
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 | €27,899 | €73,414 | +€45,515 | +163% |
| Fixed assets | 21/28 | €8,691 | €15,045 | +€6,354 | +73.1% |
| Tangible fixed assets | 22/27 | €8,691 | €15,045 | +€6,354 | +73.1% |
| Plant, machinery and equipment | 23 | €3,111 | €3,405 | +€294 | +9.4% |
| Furniture and vehicles | 24 | €5,579 | €11,640 | +€6,061 | +109% |
| Current assets | 29/58 | €19,209 | €58,369 | +€39,160 | +204% |
| Amounts receivable within one year | 40/41 | €6,515 | €40,988 | +€34,473 | +529% |
| Trade receivables | 40 | €1,499 | €35,970 | +€34,471 | +2,300% |
| Other amounts receivable | 41 | €5,016 | €5,019 | +€3 | +0.1% |
| Cash at bank and in hand | 54/58 | €11,688 | €16,347 | +€4,658 | +39.9% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,034 | +€28 | +2.8% |
| Total equity and liabilities | 10/49 | €27,899 | €73,414 | +€45,515 | +163% |
| Equity | 10/15 | -€22,497 | €3,198 | +€25,695 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,897 | -€9,202 | +€25,695 | +73.6% |
| Amounts payable | 17/49 | €50,396 | €70,216 | +€19,820 | +39.3% |
| Amounts payable within one year | 42/48 | €50,396 | €70,216 | +€19,820 | +39.3% |
| Trade debts | 44 | €610 | €1,046 | +€436 | +71.4% |
| Suppliers | 440/4 | €610 | €1,046 | +€436 | +71.4% |
| Taxes, remuneration and social security | 45 | €6,072 | €9,132 | +€3,060 | +50.4% |
| Taxes | 450/3 | €6,072 | €9,132 | +€3,060 | +50.4% |
| Other amounts payable | 47/48 | €43,713 | €60,038 | +€16,325 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €3,616 | +€2,701 | +295% |
| Other operating charges | 640/8 | €244 | €907 | +€663 | +272% |
| Gross operating margin | 9900 | -€4,278 | €30,557 | +€34,835 | |
| Operating profit (loss) | 9901 | -€5,437 | €26,034 | +€31,471 | |
| Financial charges | 65/66B | €167 | €139 | -€28 | -17.0% |
| Recurring financial charges | 65 | €167 | €139 | -€28 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,604 | €25,895 | +€31,499 | |
| Income taxes | 67/77 | €125 | €200 | +€75 | +60.6% |
| Profit (loss) for the period | 9904 | -€5,729 | €25,695 | +€31,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,729 | €25,695 | +€31,424 |
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.