SHETA: 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.
SHETA
Largest movements
- Cash +€129,242
up €129,242 (+16.1%), from €800,638 to €929,880
mainly Net result for the year (+€186,988) and Depreciation (+€15,000)
- Tangible fixed assets -€15,000
down €15,000 (-6.7%), from €225,000 to €210,000
- Reserves +€151,988
up €151,988 (+51.9%), from €293,062 to €445,051
of which Distributable reserves: +€151,988
- Tax, wage and social debts -€37,177
down €37,177 (-33.8%), from €110,120 to €72,943
- Gross operating margin -€17,242
down €17,242 (-5.7%), from €301,859 to €284,617
- Taxes -€8,595
down €8,595 (-10.1%), from €85,403 to €76,808
- Other operating charges -€3,892
down €3,892 (-50.6%), from €7,684 to €3,793
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,027,989 | €1,142,231 | +€114,242 | +11.1% |
| Fixed assets | 21/28 | €225,000 | €210,000 | -€15,000 | -6.7% |
| Tangible fixed assets | 22/27 | €225,000 | €210,000 | -€15,000 | -6.7% |
| Land and buildings | 22 | €225,000 | €210,000 | -€15,000 | -6.7% |
| Current assets | 29/58 | €802,989 | €932,231 | +€129,242 | +16.1% |
| Amounts receivable within one year | 40/41 | €2,323 | €2,323 | = | 0.0% |
| Other amounts receivable | 41 | €2,323 | €2,323 | = | 0.0% |
| Current investments | 50/53 | €29 | €29 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €800,638 | €929,880 | +€129,242 | +16.1% |
| Total equity and liabilities | 10/49 | €1,027,989 | €1,142,231 | +€114,242 | +11.1% |
| Equity | 10/15 | €907,803 | €1,059,792 | +€151,988 | +16.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €293,062 | €445,051 | +€151,988 | +51.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €291,202 | €443,191 | +€151,988 | +52.2% |
| Profit (loss) carried forward | 14 | €602,241 | €602,241 | = | 0.0% |
| Amounts payable | 17/49 | €120,186 | €82,440 | -€37,746 | -31.4% |
| Amounts payable within one year | 42/48 | €120,186 | €82,440 | -€37,746 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €8,576 | €8,547 | -€29 | -0.3% |
| Trade debts | 44 | €120 | €342 | +€222 | +185.3% |
| Suppliers | 440/4 | €120 | €342 | +€222 | +185.3% |
| Taxes, remuneration and social security | 45 | €110,120 | €72,943 | -€37,177 | -33.8% |
| Taxes | 450/3 | €110,120 | €72,943 | -€37,177 | -33.8% |
| Other amounts payable | 47/48 | €1,370 | €607 | -€763 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,000 | €15,000 | = | 0.0% |
| Other operating charges | 640/8 | €7,684 | €3,793 | -€3,892 | -50.6% |
| Gross operating margin | 9900 | €301,859 | €284,617 | -€17,242 | -5.7% |
| Operating profit (loss) | 9901 | €279,175 | €265,824 | -€13,350 | -4.8% |
| Financial charges | 65/66B | €2,569 | €2,028 | -€541 | -21.1% |
| Recurring financial charges | 65 | €2,569 | €2,028 | -€541 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €276,605 | €263,796 | -€12,809 | -4.6% |
| Income taxes | 67/77 | €85,403 | €76,808 | -€8,595 | -10.1% |
| Profit (loss) for the period | 9904 | €191,202 | €186,988 | -€4,214 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,202 | €186,988 | -€4,214 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.