SHERPAH VIDEO PROJECTS: 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.
SHERPAH VIDEO PROJECTS
Largest movements
- Receivables within one year +€65,004
up €65,004 (+23.5%), from €276,031 to €341,035
of which Trade receivables: +€61,894
- Tangible fixed assets -€18,312
down €18,312 (-14.1%), from €129,523 to €111,211
of which Furniture and vehicles: -€15,453
- Cash -€14,244
down €14,244 (-23.5%), from €60,570 to €46,326
mainly Receivables within one year (-€65,004) and Contributions, distributions and other (-€35,143)
- Other debts +€30,000
up €30,000, from €0 to €30,000
- Profit (loss) carried forward -€23,778
down €23,778 (-8.0%), from €297,523 to €273,745
- Trade debts +€16,622
up €16,622 (+19.9%), from €83,441 to €100,063
- Debts after one year +€14,018
new in 2025: €14,018
- Tax, wage and social debts -€5,834
down €5,834 (-7.6%), from €76,945 to €71,111
of which Taxes: -€6,444
- Staff costs +€26,452
up €26,452 (+44.0%), from €60,067 to €86,519
- Gross operating margin +€16,175
up €16,175 (+11.4%), from €141,593 to €157,768
- Taxes -€4,471
down €4,471 (-44.0%), from €10,152 to €5,681
- Other operating charges +€4,396
up €4,396 (+326%), from €1,348 to €5,744
- Depreciation +€2,107
up €2,107 (+4.6%), from €45,540 to €47,647
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 | €476,809 | €513,591 | +€36,782 | +7.7% |
| Fixed assets | 21/28 | €135,175 | €116,902 | -€18,273 | -13.5% |
| Tangible fixed assets | 22/27 | €129,523 | €111,211 | -€18,312 | -14.1% |
| Furniture and vehicles | 24 | €117,602 | €102,149 | -€15,453 | -13.1% |
| Other tangible fixed assets | 26 | €11,921 | €9,062 | -€2,859 | -24.0% |
| Financial fixed assets | 28 | €5,652 | €5,691 | +€39 | +0.7% |
| Current assets | 29/58 | €341,634 | €396,689 | +€55,055 | +16.1% |
| Amounts receivable within one year | 40/41 | €276,031 | €341,035 | +€65,004 | +23.5% |
| Trade receivables | 40 | €272,541 | €334,435 | +€61,894 | +22.7% |
| Other amounts receivable | 41 | €3,490 | €6,600 | +€3,110 | +89.1% |
| Cash at bank and in hand | 54/58 | €60,570 | €46,326 | -€14,244 | -23.5% |
| Deferred charges and accrued income | 490/1 | €5,033 | €9,328 | +€4,295 | +85.3% |
| Total equity and liabilities | 10/49 | €476,809 | €513,591 | +€36,782 | +7.7% |
| Equity | 10/15 | €313,923 | €290,145 | -€23,778 | -7.6% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,523 | €273,745 | -€23,778 | -8.0% |
| Amounts payable | 17/49 | €162,886 | €223,446 | +€60,560 | +37.2% |
| Amounts payable after more than one year | 17 | - | €14,018 | +€14,018 | |
| Financial debts | 170/4 | - | €14,018 | +€14,018 | |
| Amounts payable within one year | 42/48 | €162,886 | €209,428 | +€46,542 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €8,254 | +€5,754 | +230% |
| Trade debts | 44 | €83,441 | €100,063 | +€16,622 | +19.9% |
| Suppliers | 440/4 | €83,441 | €100,063 | +€16,622 | +19.9% |
| Taxes, remuneration and social security | 45 | €76,945 | €71,111 | -€5,834 | -7.6% |
| Taxes | 450/3 | €63,588 | €57,144 | -€6,444 | -10.1% |
| Remuneration and social security | 454/9 | €13,357 | €13,967 | +€610 | +4.6% |
| Other amounts payable | 47/48 | €0 | €30,000 | +€30,000 | |
| Non-recurring operating income | 76A | - | €3,719 | +€3,719 | |
| Remuneration, social security and pensions | 62 | €60,067 | €86,519 | +€26,452 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,540 | €47,647 | +€2,107 | +4.6% |
| Other operating charges | 640/8 | €1,348 | €5,744 | +€4,396 | +326% |
| Gross operating margin | 9900 | €141,593 | €157,768 | +€16,175 | +11.4% |
| Operating profit (loss) | 9901 | €34,638 | €17,858 | -€16,780 | -48.4% |
| Financial income | 75/76B | - | €494 | +€494 | |
| Recurring financial income | 75 | - | €494 | +€494 | |
| Financial charges | 65/66B | €702 | €1,306 | +€604 | +86.0% |
| Recurring financial charges | 65 | €702 | €1,306 | +€604 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €33,936 | €17,046 | -€16,890 | -49.8% |
| Income taxes | 67/77 | €10,152 | €5,681 | -€4,471 | -44.0% |
| Profit (loss) for the period | 9904 | €23,784 | €11,365 | -€12,419 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,784 | €11,365 | -€12,419 | -52.2% |
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 30 October 2026 via checked.be.