shiraz: 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.
shiraz
Largest movements
- Receivables within one year +€19,383
up €19,383 (+53.1%), from €36,479 to €55,861
of which Other amounts receivable: +€15,389
- Cash +€944
up €944 (+85.9%), from €1,099 to €2,042
mainly Net result for the year (+€10,611) and Trade debts (+€5,161)
- Profit (loss) carried forward +€10,611
up €10,611 (+1,772%), from €599 to €11,210
- Trade debts +€5,161
up €5,161 (+524%), from €985 to €6,146
- Tax, wage and social debts +€4,554
up €4,554 (+28.7%), from €15,882 to €20,437
of which Taxes: +€4,554
- Other operating charges -€4,539
down €4,539 (-64.3%), from €7,056 to €2,517
- Purchases and services +€3,551
up €3,551 (+5.0%), from €71,199 to €74,750
- Gross operating margin +€2,896
up €2,896 (+20.8%), from €13,931 to €16,827
- Taxes +€1,861
up €1,861 (+111%), from €1,676 to €3,537
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 | €37,926 | €58,252 | +€20,326 | +53.6% |
| Current assets | 29/58 | €37,926 | €58,252 | +€20,326 | +53.6% |
| Amounts receivable within one year | 40/41 | €36,479 | €55,861 | +€19,383 | +53.1% |
| Trade receivables | 40 | €418 | €4,412 | +€3,994 | +955% |
| Other amounts receivable | 41 | €36,061 | €51,449 | +€15,389 | +42.7% |
| Cash at bank and in hand | 54/58 | €1,099 | €2,042 | +€944 | +85.9% |
| Deferred charges and accrued income | 490/1 | €349 | €349 | = | 0.0% |
| Total equity and liabilities | 10/49 | €37,926 | €58,252 | +€20,326 | +53.6% |
| Equity | 10/15 | €21,059 | €31,670 | +€10,611 | +50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €599 | €11,210 | +€10,611 | +1,772% |
| Amounts payable | 17/49 | €16,867 | €26,583 | +€9,716 | +57.6% |
| Amounts payable within one year | 42/48 | €16,867 | €26,583 | +€9,716 | +57.6% |
| Trade debts | 44 | €985 | €6,146 | +€5,161 | +524% |
| Suppliers | 440/4 | €985 | €6,146 | +€5,161 | +524% |
| Taxes, remuneration and social security | 45 | €15,882 | €20,437 | +€4,554 | +28.7% |
| Taxes | 450/3 | €9,179 | €13,733 | +€4,554 | +49.6% |
| Remuneration and social security | 454/9 | €6,704 | €6,704 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,199 | €74,750 | +€3,551 | +5.0% |
| Other operating charges | 640/8 | €7,056 | €2,517 | -€4,539 | -64.3% |
| Gross operating margin | 9900 | €13,931 | €16,827 | +€2,896 | +20.8% |
| Operating profit (loss) | 9901 | €6,875 | €14,310 | +€7,435 | +108% |
| Financial charges | 65/66B | €172 | €162 | -€10 | -5.9% |
| Recurring financial charges | 65 | €172 | €162 | -€10 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €6,702 | €14,148 | +€7,445 | +111% |
| Income taxes | 67/77 | €1,676 | €3,537 | +€1,861 | +111% |
| Profit (loss) for the period | 9904 | €5,027 | €10,611 | +€5,584 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €5,027 | €10,611 | +€5,584 | +111% |
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 19 October 2026 via checked.be.