SHERULDIAM: 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.
SHERULDIAM
Largest movements
- Stocks and contracts -€170,033
down €170,033 (-15.8%), from €1.1m to €904,338
- Receivables within one year +€165,761
up €165,761 (+9,087%), from €1,824 to €167,585
of which Trade receivables: +€166,129
- Profit (loss) carried forward -€19,161
down €19,161 (-88.5%), from €21,640 to €2,479
- Gross operating margin +€20,391
up €20,391, from -€12,938 to €7,453
- Financial charges +€18,124
up €18,124 (+1,843%), from €983 to €19,107
- Taxes -€5,125
down €5,125 (-72.0%), from €7,121 to €1,996
- Other operating charges +€519
up €519 (+26.4%), from €1,963 to €2,481
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 | €1,084,945 | €1,075,306 | -€9,639 | -0.9% |
| Fixed assets | 21/28 | €5,067 | €1,911 | -€3,156 | -62.3% |
| Tangible fixed assets | 22/27 | €5,067 | €1,911 | -€3,156 | -62.3% |
| Furniture and vehicles | 24 | €5,067 | €1,911 | -€3,156 | -62.3% |
| Current assets | 29/58 | €1,079,878 | €1,073,395 | -€6,483 | -0.6% |
| Stocks and contracts in progress | 3 | €1,074,371 | €904,338 | -€170,033 | -15.8% |
| Stocks | 30/36 | €1,074,371 | €904,338 | -€170,033 | -15.8% |
| Amounts receivable within one year | 40/41 | €1,824 | €167,585 | +€165,761 | +9,087% |
| Trade receivables | 40 | €1,200 | €167,329 | +€166,129 | +13,844% |
| Other amounts receivable | 41 | €624 | €256 | -€369 | -59.1% |
| Current investments | 50/53 | €1,116 | €1,116 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,567 | €357 | -€2,210 | -86.1% |
| Total equity and liabilities | 10/49 | €1,084,945 | €1,075,306 | -€9,639 | -0.9% |
| Equity | 10/15 | €42,091 | €22,930 | -€19,161 | -45.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €21,640 | €2,479 | -€19,161 | -88.5% |
| Amounts payable | 17/49 | €1,042,854 | €1,052,376 | +€9,523 | +0.9% |
| Amounts payable within one year | 42/48 | €1,042,854 | €1,052,376 | +€9,523 | +0.9% |
| Trade debts | 44 | - | €594 | +€594 | |
| Suppliers | 440/4 | - | €594 | +€594 | |
| Taxes, remuneration and social security | 45 | €3,450 | €2,695 | -€755 | -21.9% |
| Taxes | 450/3 | €3,450 | €2,695 | -€755 | -21.9% |
| Other amounts payable | 47/48 | €1,039,404 | €1,049,087 | +€9,684 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €3,156 | = | 0.0% |
| Other operating charges | 640/8 | €1,963 | €2,481 | +€519 | +26.4% |
| Gross operating margin | 9900 | -€12,938 | €7,453 | +€20,391 | |
| Operating profit (loss) | 9901 | -€18,057 | €1,816 | +€19,872 | |
| Financial income | 75/76B | €62 | €127 | +€65 | +104% |
| Recurring financial income | 75 | €62 | €127 | +€65 | +104% |
| Financial charges | 65/66B | €983 | €19,107 | +€18,124 | +1,843% |
| Recurring financial charges | 65 | €983 | €19,107 | +€18,124 | +1,843% |
| Profit (loss) for the period before taxes | 9903 | -€18,978 | -€17,165 | +€1,812 | +9.6% |
| Income taxes | 67/77 | €7,121 | €1,996 | -€5,125 | -72.0% |
| Profit (loss) for the period | 9904 | -€26,099 | -€19,161 | +€6,938 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,099 | -€19,161 | +€6,938 | +26.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.