SHIBUYA MELTDOWN: 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.
SHIBUYA MELTDOWN
Largest movements
- Receivables within one year +€311,515
up €311,515 (+525.7%), from €59,258 to €370,772
of which Other amounts receivable: +€352,850
- Tangible fixed assets +€159,597
up €159,597 (+18.1%), from €880,814 to €1.0m
of which Other tangible fixed assets: +€97,403
- Debts after one year +€387,382
up €387,382 (+43.1%), from €898,608 to €1.3m
- Profit (loss) carried forward -€94,552
down €94,552 (-247.8%), from -€38,161 to -€132,713
- Other debts +€77,929
up €77,929 (+603.9%), from €12,905 to €90,835
- Current portion of long-term debt +€60,822
up €60,822 (+191.3%), from €31,796 to €92,618
- Trade debts +€36,989
up €36,989 (+50.4%), from €73,408 to €110,397
- Staff costs +€72,646
up €72,646 (+76.3%), from €95,235 to €167,881
- Gross operating margin +€62,445
up €62,445 (+31.9%), from €195,901 to €258,346
- Depreciation +€62,389
up €62,389 (+70.3%), from €88,684 to €151,073
- Financial income -€8,063
down €8,063 (-84.6%), from €9,531 to €1,468
- Financial charges +€4,594
up €4,594 (+19.7%), from €23,328 to €27,922
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.
Cash bridge derived
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 | €1,056,129 | €1,558,889 | +€502,760 | +47.6% |
| Fixed assets | 21/28 | €924,244 | €1,099,497 | +€175,253 | +19.0% |
| Intangible fixed assets | 21 | €30,680 | €38,836 | +€8,156 | +26.6% |
| Tangible fixed assets | 22/27 | €880,814 | €1,040,411 | +€159,597 | +18.1% |
| Plant, machinery and equipment | 23 | €166,427 | €228,622 | +€62,195 | +37.4% |
| Other tangible fixed assets | 26 | €714,386 | €811,789 | +€97,403 | +13.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €12,750 | €20,250 | +€7,500 | +58.8% |
| Current assets | 29/58 | €131,885 | €459,392 | +€327,507 | +248.3% |
| Stocks and contracts in progress | 3 | €18,174 | €18,174 | = | 0.0% |
| Stocks | 30/36 | €18,174 | €18,174 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,258 | €370,772 | +€311,515 | +525.7% |
| Trade receivables | 40 | €48,441 | €7,106 | -€41,335 | -85.3% |
| Other amounts receivable | 41 | €10,817 | €363,667 | +€352,850 | +3262.0% |
| Cash at bank and in hand | 54/58 | €48,650 | €59,855 | +€11,205 | +23.0% |
| Deferred charges and accrued income | 490/1 | €5,804 | €10,591 | +€4,787 | +82.5% |
| Total equity and liabilities | 10/49 | €1,056,129 | €1,558,889 | +€502,760 | +47.6% |
| Equity | 10/15 | €11,839 | -€82,713 | -€94,552 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,161 | -€132,713 | -€94,552 | -247.8% |
| Amounts payable | 17/49 | €1,044,290 | €1,641,602 | +€597,313 | +57.2% |
| Amounts payable after more than one year | 17 | €898,608 | €1,285,989 | +€387,382 | +43.1% |
| Financial debts | 170/4 | €898,608 | €1,285,989 | +€387,382 | +43.1% |
| Amounts payable within one year | 42/48 | €131,683 | €329,455 | +€197,772 | +150.2% |
| Current portion of amounts payable after more than one year | 42 | €31,796 | €92,618 | +€60,822 | +191.3% |
| Trade debts | 44 | €73,408 | €110,397 | +€36,989 | +50.4% |
| Suppliers | 440/4 | €73,408 | €110,397 | +€36,989 | +50.4% |
| Advances received on contracts in progress | 46 | - | €3,649 | +€3,649 | |
| Taxes, remuneration and social security | 45 | €13,574 | €31,956 | +€18,382 | +135.4% |
| Taxes | 450/3 | €109 | €3,234 | +€3,125 | +2872.1% |
| Remuneration and social security | 454/9 | €13,465 | €28,723 | +€15,258 | +113.3% |
| Other amounts payable | 47/48 | €12,905 | €90,835 | +€77,929 | +603.9% |
| Accrued charges and deferred income | 492/3 | €13,999 | €26,158 | +€12,159 | +86.9% |
| Remuneration, social security and pensions | 62 | €95,235 | €167,881 | +€72,646 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,684 | €151,073 | +€62,389 | +70.3% |
| Other operating charges | 640/8 | €4,804 | €7,229 | +€2,425 | +50.5% |
| Gross operating margin | 9900 | €195,901 | €258,346 | +€62,445 | +31.9% |
| Operating profit (loss) | 9901 | €7,178 | -€67,837 | -€75,014 | |
| Financial income | 75/76B | €9,531 | €1,468 | -€8,063 | -84.6% |
| Recurring financial income | 75 | €9,531 | €1,468 | -€8,063 | -84.6% |
| Financial charges | 65/66B | €23,328 | €27,922 | +€4,594 | +19.7% |
| Recurring financial charges | 65 | €23,328 | €27,922 | +€4,594 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,619 | -€94,291 | -€87,671 | -1324.5% |
| Income taxes | 67/77 | €264 | €262 | -€2 | -0.8% |
| Profit (loss) for the period | 9904 | -€6,883 | -€94,552 | -€87,669 | -1273.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,883 | -€94,552 | -€87,669 | -1273.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.