SHIRAVAN.GROUP: 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.
SHIRAVAN.GROUP
Largest movements
- Tangible fixed assets +€31,771
up €31,771 (+2562.8%), from €1,240 to €33,010
of which Furniture and vehicles: +€26,805
- Receivables within one year -€7,600
down €7,600 (-27.5%), from €27,609 to €20,009
of which Other amounts receivable: -€9,188
- Cash -€3,508
down €3,508 (-42.7%), from €8,219 to €4,711
mainly Investment in fixed assets (net) (-€38,896) and Stocks and contracts (-€295)
- Trade debts +€12,656
up €12,656 (+47.7%), from €26,518 to €39,173
- Tax, wage and social debts +€5,706
up €5,706 (+303.2%), from €1,882 to €7,588
of which Remuneration and social security: +€6,000
- Profit (loss) carried forward +€2,076
up €2,076 (+42.6%), from €4,870 to €6,946
- Gross operating margin +€9,651
up €9,651 (+490.6%), from €1,967 to €11,619
- Depreciation +€7,125
new in 2025: €7,125
- Taxes +€996
up €996 (+336.3%), from €296 to €1,292
- Other operating charges +€772
up €772 (+255.9%), from €302 to €1,073
- Financial charges -€132
down €132 (-70.8%), from €187 to €55
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 | €37,269 | €58,227 | +€20,958 | +56.2% |
| Fixed assets | 21/28 | €1,240 | €33,010 | +€31,771 | +2562.8% |
| Tangible fixed assets | 22/27 | €1,240 | €33,010 | +€31,771 | +2562.8% |
| Furniture and vehicles | 24 | €1,240 | €28,045 | +€26,805 | +2162.3% |
| Leasing and similar rights | 25 | - | €4,966 | +€4,966 | |
| Current assets | 29/58 | €36,030 | €25,217 | -€10,813 | -30.0% |
| Stocks and contracts in progress | 3 | €201 | €497 | +€295 | +146.5% |
| Stocks | 30/36 | €201 | €497 | +€295 | +146.5% |
| Amounts receivable within one year | 40/41 | €27,609 | €20,009 | -€7,600 | -27.5% |
| Trade receivables | 40 | €15,983 | €17,571 | +€1,588 | +9.9% |
| Other amounts receivable | 41 | €11,626 | €2,439 | -€9,188 | -79.0% |
| Cash at bank and in hand | 54/58 | €8,219 | €4,711 | -€3,508 | -42.7% |
| Total equity and liabilities | 10/49 | €37,269 | €58,227 | +€20,958 | +56.2% |
| Equity | 10/15 | €8,870 | €10,946 | +€2,076 | +23.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,870 | €6,946 | +€2,076 | +42.6% |
| Amounts payable | 17/49 | €28,399 | €47,281 | +€18,882 | +66.5% |
| Amounts payable within one year | 42/48 | €28,399 | €47,281 | +€18,882 | +66.5% |
| Trade debts | 44 | €26,518 | €39,173 | +€12,656 | +47.7% |
| Suppliers | 440/4 | €26,518 | €39,173 | +€12,656 | +47.7% |
| Taxes, remuneration and social security | 45 | €1,882 | €7,588 | +€5,706 | +303.2% |
| Taxes | 450/3 | €1,882 | €1,588 | -€294 | -15.6% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | - | €520 | +€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,125 | +€7,125 | |
| Other operating charges | 640/8 | €302 | €1,073 | +€772 | +255.9% |
| Gross operating margin | 9900 | €1,967 | €11,619 | +€9,651 | +490.6% |
| Operating profit (loss) | 9901 | €1,666 | €3,421 | +€1,755 | +105.3% |
| Financial income | 75/76B | €1 | €2 | +€1 | +120.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +120.0% |
| Financial charges | 65/66B | €187 | €55 | -€132 | -70.8% |
| Recurring financial charges | 65 | €187 | €55 | -€132 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €1,480 | €3,368 | +€1,888 | +127.5% |
| Income taxes | 67/77 | €296 | €1,292 | +€996 | +336.3% |
| Profit (loss) for the period | 9904 | €1,184 | €2,076 | +€892 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,184 | €2,076 | +€892 | +75.3% |
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 6 October 2026 via checked.be.