Shiftz: 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.
What changed
Shiftz
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€160,622
2024 · €80,105+€80,518
Equity
€530,355
2024 · €409,733+€120,622
Cash
€16,935
2024 · €24,469-€7,535
Balance sheet total
€1.6m
2024 · €1.3m+€326,379
Largest movements
Assets
- Receivables within one year +€345,345
up €345,345 (+28.4%), from €1.2m to €1.6m
of which Trade receivables: +€402,122
Equity and liabilities
- Accrued charges and deferred income +€148,437
up €148,437 (+648.0%), from €22,906 to €171,343
- Reserves +€121,400
up €121,400 (+35.0%), from €346,800 to €468,200
of which Distributable reserves: +€121,400
- Tax, wage and social debts +€56,577
up €56,577 (+33.0%), from €171,397 to €227,975
of which Taxes: +€55,603
- Trade debts -€43,499
down €43,499 (-6.3%), from €687,121 to €643,621
- Other debts +€40,000
new in 2025: €40,000
Income statement
- Turnover +€620,491
up €620,491 (+12.8%), from €4.9m to €5.5m
- Purchases and services +€505,782
up €505,782 (+14.5%), from €3.5m to €4.0m
- Gross operating margin +€123,892
up €123,892 (+8.6%), from €1.4m to €1.6m
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.
Result 2024
€80,105
Gross operating margin
+€123,892
Staff costs
-€33,859
Depreciation
+€2,229
Write-downs
-€4,452
Other operating charges
+€3,026
Financial income
+€11,241
Financial charges
-€6,502
Taxes
-€15,057
Result 2025
€160,622
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.
From operations
+€40,875
Investment
-€8,410
Financing
-€40,000
Cash 2024
€24,469
From operations (derived)
+€40,875
Net result for the year
+€160,622
Depreciation
+€18,314
Receivables within one year
-€345,345
Deferred charges and accrued income
+€1,527
Provisions
+€4,242
Trade debts
-€43,499
Tax, wage and social debts
+€56,577
Other debts
+€40,000
Accrued charges and deferred income
+€148,437
Investment (derived)
-€8,410
Investment in fixed assets (net)
-€8,410
Financing
-€40,000
Contributions, distributions and other
-€40,000
Cash 2025
€16,935
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,284 | €1,617,663 | +€326,379 | +25.3% |
| Fixed assets | 21/28 | €33,830 | €23,926 | -€9,905 | -29.3% |
| Tangible fixed assets | 22/27 | €33,830 | €23,926 | -€9,905 | -29.3% |
| Plant, machinery and equipment | 23 | €32,358 | €23,251 | -€9,107 | -28.1% |
| Furniture and vehicles | 24 | €229 | €29 | -€200 | -87.4% |
| Other tangible fixed assets | 26 | €1,243 | €646 | -€598 | -48.1% |
| Current assets | 29/58 | €1,257,454 | €1,593,737 | +€336,283 | +26.7% |
| Amounts receivable within one year | 40/41 | €1,214,276 | €1,559,621 | +€345,345 | +28.4% |
| Trade receivables | 40 | €900,821 | €1,302,943 | +€402,122 | +44.6% |
| Other amounts receivable | 41 | €313,455 | €256,678 | -€56,777 | -18.1% |
| Cash at bank and in hand | 54/58 | €24,469 | €16,935 | -€7,535 | -30.8% |
| Deferred charges and accrued income | 490/1 | €18,709 | €17,182 | -€1,527 | -8.2% |
| Total equity and liabilities | 10/49 | €1,291,284 | €1,617,663 | +€326,379 | +25.3% |
| Equity | 10/15 | €409,733 | €530,355 | +€120,622 | +29.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €346,800 | €468,200 | +€121,400 | +35.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €340,600 | €462,000 | +€121,400 | +35.6% |
| Profit (loss) carried forward | 14 | €933 | €155 | -€778 | -83.4% |
| Provisions and deferred taxes | 16 | €127 | €4,370 | +€4,242 | +3330.6% |
| Provisions for liabilities and charges | 160/5 | €127 | €4,370 | +€4,242 | +3330.6% |
| Pensions and similar obligations | 160 | €127 | €4,370 | +€4,242 | +3330.6% |
| Amounts payable | 17/49 | €881,424 | €1,082,938 | +€201,514 | +22.9% |
| Amounts payable within one year | 42/48 | €858,518 | €911,596 | +€53,078 | +6.2% |
| Trade debts | 44 | €687,121 | €643,621 | -€43,499 | -6.3% |
| Suppliers | 440/4 | €687,121 | €643,621 | -€43,499 | -6.3% |
| Taxes, remuneration and social security | 45 | €171,397 | €227,975 | +€56,577 | +33.0% |
| Taxes | 450/3 | €16,979 | €72,583 | +€55,603 | +327.5% |
| Remuneration and social security | 454/9 | €154,418 | €155,392 | +€974 | +0.6% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €22,906 | €171,343 | +€148,437 | +648.0% |
| Turnover | 70 | €4,860,519 | €5,481,010 | +€620,491 | +12.8% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,487,336 | €3,993,118 | +€505,782 | +14.5% |
| Remuneration, social security and pensions | 62 | €1,257,834 | €1,291,693 | +€33,859 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,543 | €18,314 | -€2,229 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€209 | €4,242 | +€4,452 | |
| Other operating charges | 640/8 | €8,772 | €5,747 | -€3,026 | -34.5% |
| Gross operating margin | 9900 | €1,438,045 | €1,561,937 | +€123,892 | +8.6% |
| Operating profit (loss) | 9901 | €151,105 | €241,940 | +€90,836 | +60.1% |
| Financial income | 75/76B | €2,038 | €13,280 | +€11,241 | +551.5% |
| Recurring financial income | 75 | €2,038 | €13,280 | +€11,241 | +551.5% |
| Financial charges | 65/66B | €36,136 | €42,638 | +€6,502 | +18.0% |
| Recurring financial charges | 65 | €36,136 | €42,638 | +€6,502 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €117,007 | €212,582 | +€95,575 | +81.7% |
| Income taxes | 67/77 | €36,903 | €51,960 | +€15,057 | +40.8% |
| Profit (loss) for the period | 9904 | €80,105 | €160,622 | +€80,518 | +100.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,105 | €160,622 | +€80,518 | +100.5% |
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 1 October 2026 via checked.be.