Shibumi: what changed
What changed
Shibumi
NACE 85.510, Sports and recreation education
filed annual accounts (NBB)
Net result for the year
€5,654
2024 · €19,749-€14,096
Equity
€88,942
2024 · €83,288+€5,654
Cash
€74,750
2024 · €52,239+€22,511
Balance sheet total
€204,294
2024 · €198,374+€5,920
Largest movements
Assets
- Cash +€22,511
up €22,511 (+43.1%), from €52,239 to €74,750
mainly Receivables within one year (+€10,955) and Other debts (+€9,623)
- Receivables within one year -€10,955
down €10,955 (-8.8%), from €124,821 to €113,866
of which Trade receivables: -€12,598
- Intangible fixed assets -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
Equity and liabilities
- Tax, wage and social debts -€10,677
down €10,677 (-54.9%), from €19,450 to €8,773
of which Taxes: -€7,472
- Other debts +€9,623
up €9,623 (+11.6%), from €82,629 to €92,253
- Profit (loss) carried forward +€5,654
up €5,654 (+9.0%), from €62,837 to €68,490
Income statement
- Gross operating margin -€23,683
down €23,683 (-39.7%), from €59,657 to €35,974
- Staff costs -€7,994
down €7,994 (-32.2%), from €24,824 to €16,830
- Taxes -€7,277
down €7,277 (-97.7%), from €7,449 to €172
- Financial charges +€5,357
up €5,357 (+1,313%), from €408 to €5,765
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,749
Gross operating margin
-€23,683
Staff costs
+€7,994
Depreciation
-€228
Write-downs
+€96
Other operating charges
-€231
Financial income
+€35
Financial charges
-€5,357
Taxes
+€7,277
Result 2025
€5,654
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,648
Investment
-€1,137
Financing
€0
Cash 2024
€52,239
From operations (derived)
+€23,648
Net result for the year
+€5,654
Depreciation
+€7,258
Stocks and contracts
-€83
Receivables within one year
+€10,955
Deferred charges and accrued income
-€403
Trade debts
+€1,320
Tax, wage and social debts
-€10,677
Other debts
+€9,623
Investment (derived)
-€1,137
Investment in fixed assets (net)
-€1,137
Cash 2025
€74,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,374 | €204,294 | +€5,920 | +3.0% |
| Fixed assets | 21/28 | €20,288 | €14,167 | -€6,121 | -30.2% |
| Intangible fixed assets | 21 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Tangible fixed assets | 22/27 | €2,288 | €2,167 | -€121 | -5.3% |
| Furniture and vehicles | 24 | €2,288 | €2,167 | -€121 | -5.3% |
| Current assets | 29/58 | €178,086 | €190,128 | +€12,041 | +6.8% |
| Stocks and contracts in progress | 3 | €560 | €643 | +€83 | +14.8% |
| Stocks | 30/36 | €560 | €643 | +€83 | +14.8% |
| Amounts receivable within one year | 40/41 | €124,821 | €113,866 | -€10,955 | -8.8% |
| Trade receivables | 40 | €124,787 | €112,190 | -€12,598 | -10.1% |
| Other amounts receivable | 41 | €34 | €1,677 | +€1,643 | +4,837% |
| Cash at bank and in hand | 54/58 | €52,239 | €74,750 | +€22,511 | +43.1% |
| Deferred charges and accrued income | 490/1 | €466 | €868 | +€403 | +86.4% |
| Total equity and liabilities | 10/49 | €198,374 | €204,294 | +€5,920 | +3.0% |
| Equity | 10/15 | €83,288 | €88,942 | +€5,654 | +6.8% |
| 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 | €62,837 | €68,490 | +€5,654 | +9.0% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €110,086 | €110,353 | +€267 | +0.2% |
| Amounts payable within one year | 42/48 | €110,086 | €110,353 | +€267 | +0.2% |
| Trade debts | 44 | €7,351 | €8,672 | +€1,320 | +18.0% |
| Suppliers | 440/4 | €7,351 | €8,672 | +€1,320 | +18.0% |
| Advances received on contracts in progress | 46 | €655 | €655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,450 | €8,773 | -€10,677 | -54.9% |
| Taxes | 450/3 | €16,246 | €8,773 | -€7,472 | -46.0% |
| Remuneration and social security | 454/9 | €3,205 | - | -€3,205 | |
| Other amounts payable | 47/48 | €82,629 | €92,253 | +€9,623 | +11.6% |
| Remuneration, social security and pensions | 62 | €24,824 | €16,830 | -€7,994 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,031 | €7,258 | +€228 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €96 | - | -€96 | |
| Other operating charges | 640/8 | €188 | €419 | +€231 | +123% |
| Gross operating margin | 9900 | €59,657 | €35,974 | -€23,683 | -39.7% |
| Operating profit (loss) | 9901 | €27,518 | €11,467 | -€16,051 | -58.3% |
| Financial income | 75/76B | €89 | €124 | +€35 | +39.4% |
| Recurring financial income | 75 | €89 | €124 | +€35 | +39.4% |
| Financial charges | 65/66B | €408 | €5,765 | +€5,357 | +1,313% |
| Recurring financial charges | 65 | €408 | €5,765 | +€5,357 | +1,313% |
| Profit (loss) for the period before taxes | 9903 | €27,199 | €5,826 | -€21,373 | -78.6% |
| Income taxes | 67/77 | €7,449 | €172 | -€7,277 | -97.7% |
| Profit (loss) for the period | 9904 | €19,749 | €5,654 | -€14,096 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,749 | €5,654 | -€14,096 | -71.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.