SHIKDANG: 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.
SHIKDANG
Largest movements
- Receivables within one year -€328,274
down €328,274 (-97.4%), from €337,070 to €8,796
of which Other amounts receivable: -€324,679
- Cash +€9,799
up €9,799 (+47.3%), from €20,736 to €30,535
mainly Receivables within one year (+€328,274) and Trade debts (+€17,193)
- Other debts -€269,728
down €269,728 (-36.7%), from €735,530 to €465,802
- Profit (loss) carried forward -€66,897
down €66,897 (-21.9%), from -€304,984 to -€371,881
- Trade debts +€17,193
up €17,193 (+498%), from €3,453 to €20,646
- Gross operating margin -€68,951
down €68,951, from €2,973 to -€65,978
- Staff costs -€18,428
no longer reported in 2025 (was €18,428)
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 | €443,999 | €124,567 | -€319,432 | -71.9% |
| Fixed assets | 21/28 | €85,589 | €85,236 | -€353 | -0.4% |
| Tangible fixed assets | 22/27 | €377 | €24 | -€353 | -93.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €377 | €24 | -€353 | -93.6% |
| Financial fixed assets | 28 | €85,212 | €85,212 | = | 0.0% |
| Current assets | 29/58 | €358,410 | €39,331 | -€319,080 | -89.0% |
| Amounts receivable within one year | 40/41 | €337,070 | €8,796 | -€328,274 | -97.4% |
| Trade receivables | 40 | €4,155 | €561 | -€3,595 | -86.5% |
| Other amounts receivable | 41 | €332,914 | €8,235 | -€324,679 | -97.5% |
| Cash at bank and in hand | 54/58 | €20,736 | €30,535 | +€9,799 | +47.3% |
| Deferred charges and accrued income | 490/1 | €604 | - | -€604 | |
| Total equity and liabilities | 10/49 | €443,999 | €124,567 | -€319,432 | -71.9% |
| Equity | 10/15 | -€294,984 | -€361,881 | -€66,897 | -22.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,984 | -€371,881 | -€66,897 | -21.9% |
| Amounts payable | 17/49 | €738,983 | €486,448 | -€252,535 | -34.2% |
| Amounts payable within one year | 42/48 | €738,983 | €486,448 | -€252,535 | -34.2% |
| Trade debts | 44 | €3,453 | €20,646 | +€17,193 | +498% |
| Suppliers | 440/4 | €3,453 | €20,646 | +€17,193 | +498% |
| Other amounts payable | 47/48 | €735,530 | €465,802 | -€269,728 | -36.7% |
| Remuneration, social security and pensions | 62 | €18,428 | - | -€18,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €353 | = | 0.0% |
| Other operating charges | 640/8 | €566 | €408 | -€159 | -28.0% |
| Gross operating margin | 9900 | €2,973 | -€65,978 | -€68,951 | |
| Operating profit (loss) | 9901 | -€16,373 | -€66,738 | -€50,364 | -308% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €299 | €159 | -€140 | -46.9% |
| Recurring financial charges | 65 | €299 | €159 | -€140 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,670 | -€66,897 | -€50,227 | -301% |
| Profit (loss) for the period | 9904 | -€16,670 | -€66,897 | -€50,227 | -301% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,670 | -€66,897 | -€50,227 | -301% |
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 26 October 2026 via checked.be.