SHEYMA: 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.
SHEYMA
Largest movements
- Receivables within one year +€12,799
up €12,799 (+601%), from €2,130 to €14,929
of which Trade receivables: +€9,440
- Cash +€7,643
up €7,643 (+52.4%), from €14,585 to €22,228
mainly Trade debts (+€10,330) and Net result for the year (+€10,007)
- Tangible fixed assets -€3,374
down €3,374 (-10.5%), from €32,108 to €28,734
of which Leasing and similar rights: -€6,159
- Trade debts +€10,330
up €10,330 (+1,716%), from €602 to €10,932
- Reserves +€7,000
up €7,000 (+46.6%), from €15,010 to €22,010
of which Distributable reserves: +€7,000
- Debts after one year -€6,169
down €6,169 (-32.8%), from €18,797 to €12,628
- Other debts +€4,132
up €4,132 (+237%), from €1,745 to €5,877
- Tax, wage and social debts +€1,497
up €1,497 (+428%), from €350 to €1,847
- Gross operating margin +€8,628
up €8,628 (+53.8%), from €16,031 to €24,659
- Other operating charges +€1,460
up €1,460 (+116%), from €1,263 to €2,723
- Taxes +€1,347
up €1,347 (+385%), from €350 to €1,697
- Financial charges -€367
down €367 (-23.0%), from €1,597 to €1,230
- Depreciation +€319
up €319 (+3.7%), from €8,683 to €9,002
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 | €48,864 | €65,931 | +€17,067 | +34.9% |
| Fixed assets | 21/28 | €32,148 | €28,774 | -€3,374 | -10.5% |
| Tangible fixed assets | 22/27 | €32,108 | €28,734 | -€3,374 | -10.5% |
| Plant, machinery and equipment | 23 | €6,238 | €7,575 | +€1,337 | +21.4% |
| Furniture and vehicles | 24 | €1,236 | €2,683 | +€1,447 | +117% |
| Leasing and similar rights | 25 | €24,634 | €18,476 | -€6,159 | -25.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €16,716 | €37,157 | +€20,442 | +122% |
| Amounts receivable within one year | 40/41 | €2,130 | €14,929 | +€12,799 | +601% |
| Trade receivables | 40 | - | €9,440 | +€9,440 | |
| Other amounts receivable | 41 | €2,130 | €5,489 | +€3,359 | +158% |
| Cash at bank and in hand | 54/58 | €14,585 | €22,228 | +€7,643 | +52.4% |
| Total equity and liabilities | 10/49 | €48,864 | €65,931 | +€17,067 | +34.9% |
| Equity | 10/15 | €21,471 | €28,478 | +€7,007 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,010 | €22,010 | +€7,000 | +46.6% |
| 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 | €13,150 | €20,150 | +€7,000 | +53.2% |
| Profit (loss) carried forward | 14 | €261 | €268 | +€7 | +2.5% |
| Amounts payable | 17/49 | €27,392 | €37,453 | +€10,061 | +36.7% |
| Amounts payable after more than one year | 17 | €18,797 | €12,628 | -€6,169 | -32.8% |
| Financial debts | 170/4 | €18,797 | €12,628 | -€6,169 | -32.8% |
| Amounts payable within one year | 42/48 | €8,595 | €24,825 | +€16,230 | +189% |
| Current portion of amounts payable after more than one year | 42 | €5,898 | €6,169 | +€271 | +4.6% |
| Trade debts | 44 | €602 | €10,932 | +€10,330 | +1,716% |
| Suppliers | 440/4 | €602 | €10,932 | +€10,330 | +1,716% |
| Taxes, remuneration and social security | 45 | €350 | €1,847 | +€1,497 | +428% |
| Taxes | 450/3 | €350 | €1,847 | +€1,497 | +428% |
| Other amounts payable | 47/48 | €1,745 | €5,877 | +€4,132 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,683 | €9,002 | +€319 | +3.7% |
| Other operating charges | 640/8 | €1,263 | €2,723 | +€1,460 | +116% |
| Non-recurring operating charges | 66A | €448 | - | -€448 | |
| Gross operating margin | 9900 | €16,031 | €24,659 | +€8,628 | +53.8% |
| Operating profit (loss) | 9901 | €5,636 | €12,933 | +€7,297 | +129% |
| Financial charges | 65/66B | €1,597 | €1,230 | -€367 | -23.0% |
| Recurring financial charges | 65 | €1,597 | €1,230 | -€367 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €4,039 | €11,703 | +€7,665 | +190% |
| Income taxes | 67/77 | €350 | €1,697 | +€1,347 | +385% |
| Profit (loss) for the period | 9904 | €3,689 | €10,007 | +€6,318 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €3,689 | €10,007 | +€6,318 | +171% |
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 14 October 2026 via checked.be.