Shift Forward Consultancy: 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.
Shift Forward Consultancy
Largest movements
- Cash +€34,768
up €34,768 (+42.3%), from €82,179 to €116,947
mainly Net result for the year (+€60,730) and Tax, wage and social debts (+€2,804)
- Current investments +€16,000
new in 2025: €16,000
- Receivables within one year +€2,299
up €2,299 (+18.9%), from €12,135 to €14,435
of which Trade receivables: +€4,050
- Deferred charges and accrued income +€2,251
up €2,251 (+67.7%), from €3,324 to €5,575
- Tangible fixed assets -€1,921
down €1,921 (-27.7%), from €6,927 to €5,006
- Profit (loss) carried forward +€60,730
new in 2025: €60,730
- Other debts -€9,805
down €9,805 (-98.5%), from €9,952 to €147
- Tax, wage and social debts +€2,804
up €2,804 (+43.0%), from €6,515 to €9,320
of which Taxes: +€3,404
- Gross operating margin +€6,948
up €6,948 (+9.3%), from €74,839 to €81,787
- Taxes +€1,346
up €1,346 (+9.2%), from €14,707 to €16,053
- Financial charges -€1,041
down €1,041 (-29.0%), from €3,586 to €2,546
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 | €104,564 | €157,962 | +€53,397 | +51.1% |
| Fixed assets | 21/28 | €6,927 | €5,006 | -€1,921 | -27.7% |
| Tangible fixed assets | 22/27 | €6,927 | €5,006 | -€1,921 | -27.7% |
| Plant, machinery and equipment | 23 | €6,927 | €5,006 | -€1,921 | -27.7% |
| Current assets | 29/58 | €97,638 | €152,956 | +€55,318 | +56.7% |
| Amounts receivable within one year | 40/41 | €12,135 | €14,435 | +€2,299 | +18.9% |
| Trade receivables | 40 | €10,225 | €14,275 | +€4,050 | +39.6% |
| Other amounts receivable | 41 | €1,911 | €160 | -€1,751 | -91.6% |
| Current investments | 50/53 | - | €16,000 | +€16,000 | |
| Cash at bank and in hand | 54/58 | €82,179 | €116,947 | +€34,768 | +42.3% |
| Deferred charges and accrued income | 490/1 | €3,324 | €5,575 | +€2,251 | +67.7% |
| Total equity and liabilities | 10/49 | €104,564 | €157,962 | +€53,397 | +51.1% |
| Equity | 10/15 | €85,955 | €146,685 | +€60,730 | +70.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,955 | €82,955 | = | 0.0% |
| Distributable reserves | 133 | €82,955 | €82,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €60,730 | +€60,730 | |
| Amounts payable | 17/49 | €18,610 | €11,277 | -€7,333 | -39.4% |
| Amounts payable within one year | 42/48 | €17,735 | €10,842 | -€6,892 | -38.9% |
| Trade debts | 44 | €1,267 | €1,376 | +€109 | +8.6% |
| Suppliers | 440/4 | €1,267 | €1,376 | +€109 | +8.6% |
| Taxes, remuneration and social security | 45 | €6,515 | €9,320 | +€2,804 | +43.0% |
| Taxes | 450/3 | €5,915 | €9,320 | +€3,404 | +57.6% |
| Remuneration and social security | 454/9 | €600 | €0 | -€600 | -100.0% |
| Other amounts payable | 47/48 | €9,952 | €147 | -€9,805 | -98.5% |
| Accrued charges and deferred income | 492/3 | €875 | €435 | -€441 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €1,776 | +€693 | +63.9% |
| Other operating charges | 640/8 | €152 | €216 | +€64 | +42.2% |
| Non-recurring operating charges | 66A | - | €466 | +€466 | |
| Gross operating margin | 9900 | €74,839 | €81,787 | +€6,948 | +9.3% |
| Operating profit (loss) | 9901 | €73,604 | €79,329 | +€5,725 | +7.8% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.6% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.6% |
| Financial charges | 65/66B | €3,586 | €2,546 | -€1,041 | -29.0% |
| Recurring financial charges | 65 | €3,586 | €2,546 | -€1,041 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €70,023 | €76,783 | +€6,760 | +9.7% |
| Income taxes | 67/77 | €14,707 | €16,053 | +€1,346 | +9.2% |
| Profit (loss) for the period | 9904 | €55,316 | €60,730 | +€5,414 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,316 | €60,730 | +€5,414 | +9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.