SHIFT SERVICES: 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.
SHIFT SERVICES
Largest movements
- Cash +€15,507
up €15,507 (+464.7%), from €3,337 to €18,844
mainly Depreciation (+€11,985) and Other debts (+€8,379)
- Tangible fixed assets -€11,985
down €11,985 (-19.0%), from €63,224 to €51,239
- Receivables within one year -€4,753
down €4,753 (-27.2%), from €17,460 to €12,707
of which Other amounts receivable: -€4,753
- Deferred charges and accrued income -€1,301
down €1,301 (-28.6%), from €4,556 to €3,255
- Debts after one year -€14,923
down €14,923 (-21.9%), from €68,100 to €53,177
- Other debts +€8,379
new in 2025: €8,379
- Profit (loss) carried forward +€4,968
up €4,968 (+27.9%), from -€17,780 to -€12,812
- Gross operating margin +€17,666
up €17,666, from -€13,053 to €4,613
- Taxes -€9,709
down €9,709 (-96.9%), from €10,017 to €307
- Other operating charges -€2,005
down €2,005 (-69.8%), from €2,872 to €867
- Financial income +€1,795
up €1,795 (+13.5%), from €13,259 to €15,054
of which Financial income: +€1,795
- Depreciation -€1,728
down €1,728 (-12.6%), from €13,713 to €11,985
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 | €88,578 | €86,045 | -€2,533 | -2.9% |
| Fixed assets | 21/28 | €63,224 | €51,239 | -€11,985 | -19.0% |
| Tangible fixed assets | 22/27 | €63,224 | €51,239 | -€11,985 | -19.0% |
| Land and buildings | 22 | €63,224 | €51,239 | -€11,985 | -19.0% |
| Current assets | 29/58 | €25,354 | €34,806 | +€9,452 | +37.3% |
| Amounts receivable within one year | 40/41 | €17,460 | €12,707 | -€4,753 | -27.2% |
| Trade receivables | 40 | €9,084 | €9,084 | = | 0.0% |
| Other amounts receivable | 41 | €8,376 | €3,623 | -€4,753 | -56.7% |
| Cash at bank and in hand | 54/58 | €3,337 | €18,844 | +€15,507 | +464.7% |
| Deferred charges and accrued income | 490/1 | €4,556 | €3,255 | -€1,301 | -28.6% |
| Total equity and liabilities | 10/49 | €88,578 | €86,045 | -€2,533 | -2.9% |
| Equity | 10/15 | -€9,720 | -€4,752 | +€4,968 | +51.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,780 | -€12,812 | +€4,968 | +27.9% |
| Amounts payable | 17/49 | €98,298 | €90,798 | -€7,500 | -7.6% |
| Amounts payable after more than one year | 17 | €68,100 | €53,177 | -€14,923 | -21.9% |
| Financial debts | 170/4 | €68,100 | €53,177 | -€14,923 | -21.9% |
| Amounts payable within one year | 42/48 | €30,199 | €37,621 | +€7,423 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €14,923 | €14,454 | -€469 | -3.1% |
| Trade debts | 44 | €15,276 | €14,788 | -€488 | -3.2% |
| Suppliers | 440/4 | €15,276 | €14,788 | -€488 | -3.2% |
| Other amounts payable | 47/48 | - | €8,379 | +€8,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,713 | €11,985 | -€1,728 | -12.6% |
| Other operating charges | 640/8 | €2,872 | €867 | -€2,005 | -69.8% |
| Gross operating margin | 9900 | -€13,053 | €4,613 | +€17,666 | |
| Operating profit (loss) | 9901 | -€29,638 | -€8,239 | +€21,399 | +72.2% |
| Financial income | 75/76B | €13,259 | €15,054 | +€1,795 | +13.5% |
| Recurring financial income | 75 | €13,259 | €15,054 | +€1,795 | +13.5% |
| Non-recurring financial income | 76B | €13,259 | €15,054 | +€1,795 | +13.5% |
| Financial charges | 65/66B | €2,729 | €1,540 | -€1,189 | -43.6% |
| Recurring financial charges | 65 | €2,729 | €1,540 | -€1,189 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,107 | €5,275 | +€24,382 | |
| Income taxes | 67/77 | €10,017 | €307 | -€9,709 | -96.9% |
| Profit (loss) for the period | 9904 | -€29,124 | €4,968 | +€34,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,124 | €4,968 | +€34,092 |
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 9 October 2026 via checked.be.