Shikeh: 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.
Shikeh
Largest movements
- Financial fixed assets +€264,150
new in 2025: €264,150
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€31,407
down €31,407 (-73.1%), from €42,951 to €11,544
of which Trade receivables: -€32,000
- Tangible fixed assets -€6,738
down €6,738 (-15.6%), from €43,298 to €36,560
of which Furniture and vehicles: -€8,994
- Cash +€6,279
up €6,279 (+32.0%), from €19,595 to €25,874
mainly Debts after one year (+€250,000) and Net result for the year (+€33,485)
- Debts after one year +€250,000
new in 2025: €250,000
- Reserves +€33,485
up €33,485 (+53.2%), from €62,979 to €96,464
- Other debts -€25,247
down €25,247 (-100.0%), from €25,247 to €0
- Tax, wage and social debts +€17,512
up €17,512 (+97.5%), from €17,970 to €35,483
- Accrued charges and deferred income +€6,989
new in 2025: €6,989
- Gross operating margin -€18,552
down €18,552 (-22.6%), from €82,106 to €63,555
- Depreciation +€7,519
up €7,519 (+450.0%), from €1,671 to €9,190
- Financial charges +€6,918
up €6,918 (+41104.5%), from €17 to €6,935
- Taxes -€2,943
down €2,943 (-17.9%), from €16,445 to €13,502
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 | €107,324 | €390,045 | +€282,721 | +263.4% |
| Fixed assets | 21/28 | €43,298 | €300,710 | +€257,412 | +594.5% |
| Tangible fixed assets | 22/27 | €43,298 | €36,560 | -€6,738 | -15.6% |
| Plant, machinery and equipment | 23 | - | €2,256 | +€2,256 | |
| Furniture and vehicles | 24 | €43,298 | €34,304 | -€8,994 | -20.8% |
| Financial fixed assets | 28 | - | €264,150 | +€264,150 | |
| Current assets | 29/58 | €64,026 | €89,335 | +€25,309 | +39.5% |
| Amounts receivable within one year | 40/41 | €42,951 | €11,544 | -€31,407 | -73.1% |
| Trade receivables | 40 | €42,951 | €10,951 | -€32,000 | -74.5% |
| Other amounts receivable | 41 | - | €593 | +€593 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €19,595 | €25,874 | +€6,279 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,917 | +€437 | +29.5% |
| Total equity and liabilities | 10/49 | €107,324 | €390,045 | +€282,721 | +263.4% |
| Equity | 10/15 | €63,979 | €97,464 | +€33,485 | +52.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €62,979 | €96,464 | +€33,485 | +53.2% |
| Distributable reserves | 133 | €62,979 | €96,464 | +€33,485 | +53.2% |
| Amounts payable | 17/49 | €43,345 | €292,581 | +€249,236 | +575.0% |
| Amounts payable after more than one year | 17 | - | €250,000 | +€250,000 | |
| Financial debts | 170/4 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €43,345 | €35,592 | -€7,753 | -17.9% |
| Trade debts | 44 | €128 | €109 | -€18 | -14.5% |
| Suppliers | 440/4 | €128 | €109 | -€18 | -14.5% |
| Taxes, remuneration and social security | 45 | €17,970 | €35,483 | +€17,512 | +97.5% |
| Taxes | 450/3 | €17,970 | €35,483 | +€17,512 | +97.5% |
| Other amounts payable | 47/48 | €25,247 | €0 | -€25,247 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €6,989 | +€6,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €9,190 | +€7,519 | +450.0% |
| Other operating charges | 640/8 | €995 | €450 | -€544 | -54.7% |
| Gross operating margin | 9900 | €82,106 | €63,555 | -€18,552 | -22.6% |
| Operating profit (loss) | 9901 | €79,441 | €53,915 | -€25,526 | -32.1% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €17 | €6,935 | +€6,918 | +41104.5% |
| Recurring financial charges | 65 | €17 | €6,935 | +€6,918 | +41104.5% |
| Profit (loss) for the period before taxes | 9903 | €79,424 | €46,987 | -€32,437 | -40.8% |
| Income taxes | 67/77 | €16,445 | €13,502 | -€2,943 | -17.9% |
| Profit (loss) for the period | 9904 | €62,979 | €33,485 | -€29,494 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,979 | €33,485 | -€29,494 | -46.8% |
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 3 October 2026 via checked.be.