SHIRAZ ESTATE: what changed
What changed
SHIRAZ ESTATE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€36,885
2024 · €62,849-€25,964
Equity
€224,813
2024 · €385,524-€160,712
Cash
€69,007
2024 · €81,803-€12,796
Balance sheet total
€294,364
2024 · €406,135-€111,771
Largest movements
Assets
- Receivables within one year -€87,521
down €87,521 (-61.1%), from €143,199 to €55,678
of which Other amounts receivable: -€74,290
- Cash -€12,796
down €12,796 (-15.6%), from €81,803 to €69,007
mainly Contributions, distributions and other (-€197,596) and Smaller working-capital items (-€775)
- Tangible fixed assets -€11,931
down €11,931 (-8.7%), from €137,908 to €125,977
Equity and liabilities
- Reserves -€160,712
down €160,712 (-43.8%), from €366,974 to €206,263
- Other debts +€42,500
new in 2025: €42,500
Income statement
- Gross operating margin -€32,721
down €32,721 (-29.3%), from €111,695 to €78,973
- Taxes -€4,727
down €4,727 (-22.2%), from €21,302 to €16,575
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.
Result 2024
€62,849
Gross operating margin
-€32,721
Depreciation
+€688
Other operating charges
+€392
Financial income
+€617
Financial charges
+€333
Taxes
+€4,727
Result 2025
€36,885
raises the resultlowers the result
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.
From operations
+€184,800
Investment
€0
Financing
-€197,596
Cash 2024
€81,803
From operations (derived)
+€184,800
Net result for the year
+€36,885
Depreciation
+€12,228
Smaller working-capital items
-€775
Receivables within one year
+€87,521
Trade debts
+€3,521
Tax, wage and social debts
+€2,920
Other debts
+€42,500
Financing
-€197,596
Contributions, distributions and other
-€197,596
Cash 2025
€69,007
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,135 | €294,364 | -€111,771 | -27.5% |
| Fixed assets | 21/28 | €138,230 | €126,002 | -€12,228 | -8.8% |
| Intangible fixed assets | 21 | €297 | - | -€297 | |
| Tangible fixed assets | 22/27 | €137,908 | €125,977 | -€11,931 | -8.7% |
| Land and buildings | 22 | €92,233 | €87,701 | -€4,532 | -4.9% |
| Plant, machinery and equipment | 23 | €2,051 | €1,551 | -€500 | -24.4% |
| Furniture and vehicles | 24 | €6,422 | €1,773 | -€4,649 | -72.4% |
| Other tangible fixed assets | 26 | €37,202 | €34,952 | -€2,250 | -6.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €267,905 | €168,362 | -€99,543 | -37.2% |
| Stocks and contracts in progress | 3 | €39,898 | €40,268 | +€370 | +0.9% |
| Stocks | 30/36 | €39,898 | €40,268 | +€370 | +0.9% |
| Amounts receivable within one year | 40/41 | €143,199 | €55,678 | -€87,521 | -61.1% |
| Trade receivables | 40 | €46,448 | €33,216 | -€13,232 | -28.5% |
| Other amounts receivable | 41 | €96,752 | €22,462 | -€74,290 | -76.8% |
| Current investments | 50/53 | €316 | €316 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,803 | €69,007 | -€12,796 | -15.6% |
| Deferred charges and accrued income | 490/1 | €2,688 | €3,092 | +€405 | +15.1% |
| Total equity and liabilities | 10/49 | €406,135 | €294,364 | -€111,771 | -27.5% |
| Equity | 10/15 | €385,524 | €224,813 | -€160,712 | -41.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €366,974 | €206,263 | -€160,712 | -43.8% |
| Distributable reserves | 133 | €366,974 | €206,263 | -€160,712 | -43.8% |
| Amounts payable | 17/49 | €20,610 | €69,551 | +€48,941 | +237% |
| Amounts payable within one year | 42/48 | €20,610 | €69,551 | +€48,941 | +237% |
| Trade debts | 44 | €11,455 | €14,976 | +€3,521 | +30.7% |
| Suppliers | 440/4 | €11,455 | €14,976 | +€3,521 | +30.7% |
| Taxes, remuneration and social security | 45 | €9,155 | €12,075 | +€2,920 | +31.9% |
| Taxes | 450/3 | €9,155 | €12,075 | +€2,920 | +31.9% |
| Other amounts payable | 47/48 | - | €42,500 | +€42,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,916 | €12,228 | -€688 | -5.3% |
| Other operating charges | 640/8 | €16,351 | €15,959 | -€392 | -2.4% |
| Gross operating margin | 9900 | €111,695 | €78,973 | -€32,721 | -29.3% |
| Operating profit (loss) | 9901 | €82,427 | €50,786 | -€31,641 | -38.4% |
| Financial income | 75/76B | €5,210 | €5,827 | +€617 | +11.8% |
| Recurring financial income | 75 | €5,210 | €5,827 | +€617 | +11.8% |
| Financial charges | 65/66B | €3,487 | €3,154 | -€333 | -9.6% |
| Recurring financial charges | 65 | €3,487 | €3,154 | -€333 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €84,151 | €53,460 | -€30,691 | -36.5% |
| Income taxes | 67/77 | €21,302 | €16,575 | -€4,727 | -22.2% |
| Profit (loss) for the period | 9904 | €62,849 | €36,885 | -€25,964 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,849 | €36,885 | -€25,964 | -41.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.