Shevanti: 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.
Shevanti
Largest movements
- Receivables within one year +€67,926
up €67,926 (+104%), from €65,544 to €133,470
of which Other amounts receivable: +€66,293
- Tangible fixed assets -€19,957
down €19,957 (-34.1%), from €58,461 to €38,503
of which Furniture and vehicles: -€25,503
- Cash -€6,822
down €6,822 (-26.1%), from €26,121 to €19,299
mainly Receivables within one year (-€67,926) and Contributions, distributions and other (-€67,000)
- Other debts +€31,480
up €31,480 (+86.7%), from €36,319 to €67,800
- Accrued charges and deferred income -€9,464
down €9,464 (-63.7%), from €14,854 to €5,389
- Tax, wage and social debts +€6,504
up €6,504 (+16.4%), from €39,760 to €46,264
of which Taxes: +€5,980
- Debts after one year +€3,411
up €3,411 (+27.1%), from €12,607 to €16,018
- Current portion of long-term debt +€3,080
up €3,080 (+25.4%), from €12,108 to €15,187
- Gross operating margin +€68,070
up €68,070 (+33.6%), from €202,614 to €270,684
- Taxes +€7,486
up €7,486 (+204%), from €3,664 to €11,150
- Other operating charges -€6,997
down €6,997 (-45.2%), from €15,492 to €8,495
- Depreciation +€5,093
up €5,093 (+30.2%), from €16,852 to €21,945
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 | €164,392 | €203,539 | +€39,147 | +23.8% |
| Fixed assets | 21/28 | €63,831 | €43,873 | -€19,957 | -31.3% |
| Tangible fixed assets | 22/27 | €58,461 | €38,503 | -€19,957 | -34.1% |
| Land and buildings | 22 | - | €17,398 | +€17,398 | |
| Plant, machinery and equipment | 23 | €6,403 | €4,674 | -€1,730 | -27.0% |
| Furniture and vehicles | 24 | €38,489 | €12,986 | -€25,503 | -66.3% |
| Other tangible fixed assets | 26 | €13,568 | €3,446 | -€10,123 | -74.6% |
| Financial fixed assets | 28 | €5,370 | €5,370 | = | 0.0% |
| Current assets | 29/58 | €100,561 | €159,666 | +€59,105 | +58.8% |
| Amounts receivable within one year | 40/41 | €65,544 | €133,470 | +€67,926 | +104% |
| Trade receivables | 40 | €24,553 | €26,187 | +€1,634 | +6.7% |
| Other amounts receivable | 41 | €40,991 | €107,283 | +€66,293 | +162% |
| Cash at bank and in hand | 54/58 | €26,121 | €19,299 | -€6,822 | -26.1% |
| Deferred charges and accrued income | 490/1 | €8,897 | €6,897 | -€2,000 | -22.5% |
| Total equity and liabilities | 10/49 | €164,392 | €203,539 | +€39,147 | +23.8% |
| Equity | 10/15 | €33,802 | €35,364 | +€1,562 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,202 | €16,764 | +€1,562 | +10.3% |
| Amounts payable | 17/49 | €130,590 | €168,175 | +€37,586 | +28.8% |
| Amounts payable after more than one year | 17 | €12,607 | €16,018 | +€3,411 | +27.1% |
| Financial debts | 170/4 | €12,607 | €16,018 | +€3,411 | +27.1% |
| Amounts payable within one year | 42/48 | €103,129 | €146,768 | +€43,639 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €12,108 | €15,187 | +€3,080 | +25.4% |
| Trade debts | 44 | €14,941 | €17,517 | +€2,576 | +17.2% |
| Suppliers | 440/4 | €14,941 | €17,517 | +€2,576 | +17.2% |
| Taxes, remuneration and social security | 45 | €39,760 | €46,264 | +€6,504 | +16.4% |
| Taxes | 450/3 | €14,664 | €20,644 | +€5,980 | +40.8% |
| Remuneration and social security | 454/9 | €25,096 | €25,620 | +€524 | +2.1% |
| Other amounts payable | 47/48 | €36,319 | €67,800 | +€31,480 | +86.7% |
| Accrued charges and deferred income | 492/3 | €14,854 | €5,389 | -€9,464 | -63.7% |
| Remuneration, social security and pensions | 62 | €152,674 | €155,130 | +€2,456 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,852 | €21,945 | +€5,093 | +30.2% |
| Other operating charges | 640/8 | €15,492 | €8,495 | -€6,997 | -45.2% |
| Gross operating margin | 9900 | €202,614 | €270,684 | +€68,070 | +33.6% |
| Operating profit (loss) | 9901 | €17,596 | €85,114 | +€67,518 | +384% |
| Financial income | 75/76B | - | €1,929 | +€1,929 | |
| Recurring financial income | 75 | - | €1,929 | +€1,929 | |
| Financial charges | 65/66B | €5,142 | €7,331 | +€2,189 | +42.6% |
| Recurring financial charges | 65 | €5,142 | €7,331 | +€2,189 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €12,454 | €79,712 | +€67,258 | +540% |
| Income taxes | 67/77 | €3,664 | €11,150 | +€7,486 | +204% |
| Profit (loss) for the period | 9904 | €8,789 | €68,562 | +€59,772 | +680% |
| Profit (loss) for the period to be appropriated | 9905 | €8,789 | €68,562 | +€59,772 | +680% |
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 13 October 2026 via checked.be.