SHIFUMI: what changed
SHIFUMI
Largest movements
- Cash +€16,916
up €16,916 (+1,785%), from €948 to €17,863
mainly Net result for the year (+€14,000) and Receivables within one year (+€6,785)
- Receivables within one year -€6,785
down €6,785 (-15.8%), from €42,819 to €36,033
of which Trade receivables: -€7,319
- Profit (loss) carried forward +€14,000
up €14,000, from -€12,480 to €1,520
- Debts after one year -€10,911
down €10,911 (-31.6%), from €34,506 to €23,596
- Tax, wage and social debts +€5,640
up €5,640 (+75.3%), from €7,494 to €13,134
- Trade debts +€971
up €971 (+68.3%), from €1,422 to €2,393
- Gross operating margin +€25,311
up €25,311, from -€3,867 to €21,444
- Taxes +€3,814
up €3,814 (+2,336%), from €163 to €3,977
- Staff costs -€1,658
no longer reported in 2025 (was €1,658)
- Financial charges -€468
down €468 (-21.0%), from €2,226 to €1,757
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,645 | €57,574 | +€9,929 | +20.8% |
| Fixed assets | 21/28 | €2,450 | €2,048 | -€402 | -16.4% |
| Tangible fixed assets | 22/27 | €2,450 | €2,048 | -€402 | -16.4% |
| Furniture and vehicles | 24 | €2,450 | €2,048 | -€402 | -16.4% |
| Current assets | 29/58 | €45,195 | €55,526 | +€10,331 | +22.9% |
| Amounts receivable within one year | 40/41 | €42,819 | €36,033 | -€6,785 | -15.8% |
| Trade receivables | 40 | €26,620 | €19,301 | -€7,319 | -27.5% |
| Other amounts receivable | 41 | €16,199 | €16,732 | +€534 | +3.3% |
| Cash at bank and in hand | 54/58 | €948 | €17,863 | +€16,916 | +1,785% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,629 | +€201 | +14.0% |
| Total equity and liabilities | 10/49 | €47,645 | €57,574 | +€9,929 | +20.8% |
| Equity | 10/15 | -€6,480 | €7,520 | +€14,000 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,480 | €1,520 | +€14,000 | |
| Amounts payable | 17/49 | €54,125 | €50,054 | -€4,071 | -7.5% |
| Amounts payable after more than one year | 17 | €34,506 | €23,596 | -€10,911 | -31.6% |
| Financial debts | 170/4 | €34,506 | €23,596 | -€10,911 | -31.6% |
| Amounts payable within one year | 42/48 | €19,619 | €26,458 | +€6,839 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €10,703 | €10,931 | +€228 | +2.1% |
| Trade debts | 44 | €1,422 | €2,393 | +€971 | +68.3% |
| Suppliers | 440/4 | €1,422 | €2,393 | +€971 | +68.3% |
| Taxes, remuneration and social security | 45 | €7,494 | €13,134 | +€5,640 | +75.3% |
| Taxes | 450/3 | €7,494 | €13,134 | +€5,640 | +75.3% |
| Non-recurring operating income | 76A | €177 | - | -€177 | |
| Remuneration, social security and pensions | 62 | €1,658 | - | -€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,614 | €1,489 | -€124 | -7.7% |
| Other operating charges | 640/8 | €882 | €965 | +€83 | +9.5% |
| Non-recurring operating charges | 66A | €31 | €180 | +€149 | +480% |
| Gross operating margin | 9900 | -€3,867 | €21,444 | +€25,311 | |
| Operating profit (loss) | 9901 | -€8,052 | €18,810 | +€26,862 | |
| Financial income | 75/76B | €975 | €925 | -€50 | -5.2% |
| Recurring financial income | 75 | €975 | €925 | -€50 | -5.2% |
| Financial charges | 65/66B | €2,226 | €1,757 | -€468 | -21.0% |
| Recurring financial charges | 65 | €2,226 | €1,757 | -€468 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,302 | €17,978 | +€27,280 | |
| Income taxes | 67/77 | €163 | €3,977 | +€3,814 | +2,336% |
| Profit (loss) for the period | 9904 | -€9,465 | €14,000 | +€23,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,465 | €14,000 | +€23,466 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.