SHIFU IT: 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.
SHIFU IT
Largest movements
- Cash +€61,519
up €61,519 (+33.7%), from €182,540 to €244,060
mainly Other debts (+€191,579) and Net result for the year (+€73,459)
- Receivables within one year -€4,211
down €4,211 (-26.3%), from €16,037 to €11,826
of which Other amounts receivable: -€2,394
- Other debts +€191,579
new in 2025: €191,579
- Profit (loss) carried forward -€167,234
no longer reported in 2025 (was €167,234)
- Tax, wage and social debts +€35,022
up €35,022 (+146%), from €23,922 to €58,944
- Gross operating margin +€6,188
up €6,188 (+7.1%), from €87,363 to €93,551
- Taxes +€2,636
up €2,636 (+15.2%), from €17,384 to €20,020
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.
Derived cash bridge
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 | €198,577 | €255,886 | +€57,308 | +28.9% |
| Current assets | 29/58 | €198,577 | €255,886 | +€57,308 | +28.9% |
| Amounts receivable within one year | 40/41 | €16,037 | €11,826 | -€4,211 | -26.3% |
| Trade receivables | 40 | €13,643 | €11,826 | -€1,817 | -13.3% |
| Other amounts receivable | 41 | €2,394 | - | -€2,394 | |
| Cash at bank and in hand | 54/58 | €182,540 | €244,060 | +€61,519 | +33.7% |
| Total equity and liabilities | 10/49 | €198,577 | €255,886 | +€57,308 | +28.9% |
| Equity | 10/15 | €172,234 | €5,000 | -€167,234 | -97.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,234 | - | -€167,234 | |
| Amounts payable | 17/49 | €26,343 | €250,886 | +€224,542 | +852% |
| Amounts payable within one year | 42/48 | €26,343 | €250,886 | +€224,542 | +852% |
| Trade debts | 44 | €2,422 | €363 | -€2,059 | -85.0% |
| Suppliers | 440/4 | €2,422 | €363 | -€2,059 | -85.0% |
| Taxes, remuneration and social security | 45 | €23,922 | €58,944 | +€35,022 | +146% |
| Taxes | 450/3 | €23,922 | €58,944 | +€35,022 | +146% |
| Other amounts payable | 47/48 | - | €191,579 | +€191,579 | |
| Other operating charges | 640/8 | €772 | - | -€772 | |
| Gross operating margin | 9900 | €87,363 | €93,551 | +€6,188 | +7.1% |
| Operating profit (loss) | 9901 | €86,591 | €93,551 | +€6,960 | +8.0% |
| Financial charges | 65/66B | €234 | €72 | -€162 | -69.2% |
| Recurring financial charges | 65 | €234 | €72 | -€162 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €86,357 | €93,479 | +€7,122 | +8.2% |
| Income taxes | 67/77 | €17,384 | €20,020 | +€2,636 | +15.2% |
| Profit (loss) for the period | 9904 | €68,973 | €73,459 | +€4,486 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,973 | €73,459 | +€4,486 | +6.5% |
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 13 October 2026 via checked.be.