SHIROLATECH: 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.
What changed
SHIROLATECH
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€68,020
2024 · €38,430+€29,590
Equity
€388,226
2024 · €320,206+€68,020
Cash
€138,326
2024 · €144,478-€6,152
Balance sheet total
€631,296
2024 · €595,264+€36,033
Largest movements
Assets
- Receivables within one year +€73,964
up €73,964 (+35.8%), from €206,490 to €280,455
of which Trade receivables: +€52,919
- Tangible fixed assets -€25,444
down €25,444 (-11.2%), from €226,517 to €201,073
of which Furniture and vehicles: -€30,413
Equity and liabilities
- Reserves +€68,020
up €68,020 (+22.7%), from €300,206 to €368,226
- Debts after one year -€33,898
down €33,898 (-21.4%), from €158,362 to €124,464
Income statement
- Gross operating margin +€29,422
up €29,422 (+9.3%), from €315,668 to €345,091
- Staff costs -€12,082
down €12,082 (-6.6%), from €183,493 to €171,411
- Taxes +€10,387
up €10,387 (+44.5%), from €23,317 to €33,703
- Financial income +€8,783
up €8,783 (+1614.6%), from €544 to €9,327
of which Financial income: +€8,783
- Depreciation +€8,280
up €8,280 (+15.4%), from €53,865 to €62,145
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.
Result 2024
€38,430
Gross operating margin
+€29,422
Staff costs
+€12,082
Depreciation
-€8,280
Other operating charges
-€3,822
Financial income
+€8,783
Financial charges
+€1,791
Taxes
-€10,387
Result 2025
€68,020
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.
From operations
+€61,910
Investment
-€35,347
Financing
-€32,714
Cash 2024
€144,478
From operations (derived)
+€61,910
Net result for the year
+€68,020
Depreciation
+€62,145
Stocks and contracts
+€397
Receivables within one year
-€73,964
Deferred charges and accrued income
+€4,586
Trade debts
-€4,451
Tax, wage and social debts
+€4,045
Accrued charges and deferred income
+€1,133
Investment (derived)
-€35,347
Investment in fixed assets (net)
-€35,347
Financing
-€32,714
Debts after one year
-€33,898
Current portion of long-term debt
+€1,183
Cash 2025
€138,326
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,264 | €631,296 | +€36,033 | +6.1% |
| Fixed assets | 21/28 | €229,035 | €202,238 | -€26,798 | -11.7% |
| Intangible fixed assets | 21 | €2,519 | €1,165 | -€1,354 | -53.8% |
| Tangible fixed assets | 22/27 | €226,517 | €201,073 | -€25,444 | -11.2% |
| Land and buildings | 22 | €4,018 | €3,198 | -€820 | -20.4% |
| Plant, machinery and equipment | 23 | €24,341 | €30,130 | +€5,790 | +23.8% |
| Furniture and vehicles | 24 | €198,158 | €167,744 | -€30,413 | -15.3% |
| Current assets | 29/58 | €366,228 | €429,058 | +€62,830 | +17.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,944 | €1,546 | -€397 | -20.4% |
| Stocks | 30/36 | €1,944 | €1,546 | -€397 | -20.4% |
| Amounts receivable within one year | 40/41 | €206,490 | €280,455 | +€73,964 | +35.8% |
| Trade receivables | 40 | €46,768 | €99,686 | +€52,919 | +113.2% |
| Other amounts receivable | 41 | €159,723 | €180,769 | +€21,046 | +13.2% |
| Cash at bank and in hand | 54/58 | €144,478 | €138,326 | -€6,152 | -4.3% |
| Deferred charges and accrued income | 490/1 | €13,317 | €8,731 | -€4,586 | -34.4% |
| Total equity and liabilities | 10/49 | €595,264 | €631,296 | +€36,033 | +6.1% |
| Equity | 10/15 | €320,206 | €388,226 | +€68,020 | +21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €300,206 | €368,226 | +€68,020 | +22.7% |
| Distributable reserves | 133 | €300,206 | €368,226 | +€68,020 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €250,057 | €218,070 | -€31,988 | -12.8% |
| Amounts payable after more than one year | 17 | €158,362 | €124,464 | -€33,898 | -21.4% |
| Financial debts | 170/4 | €158,362 | €124,464 | -€33,898 | -21.4% |
| Amounts payable within one year | 42/48 | €91,056 | €91,833 | +€777 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €32,714 | €33,898 | +€1,183 | +3.6% |
| Trade debts | 44 | €14,050 | €9,599 | -€4,451 | -31.7% |
| Suppliers | 440/4 | €14,050 | €9,599 | -€4,451 | -31.7% |
| Taxes, remuneration and social security | 45 | €44,291 | €48,336 | +€4,045 | +9.1% |
| Taxes | 450/3 | €31,011 | €29,222 | -€1,788 | -5.8% |
| Remuneration and social security | 454/9 | €13,281 | €19,114 | +€5,833 | +43.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €640 | €1,773 | +€1,133 | +177.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €183,493 | €171,411 | -€12,082 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,865 | €62,145 | +€8,280 | +15.4% |
| Other operating charges | 640/8 | €2,663 | €6,485 | +€3,822 | +143.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €315,668 | €345,091 | +€29,422 | +9.3% |
| Operating profit (loss) | 9901 | €75,647 | €105,050 | +€29,403 | +38.9% |
| Financial income | 75/76B | €544 | €9,327 | +€8,783 | +1614.6% |
| Recurring financial income | 75 | €544 | €9,327 | +€8,783 | +1614.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €14,445 | €12,654 | -€1,791 | -12.4% |
| Recurring financial charges | 65 | €14,445 | €12,654 | -€1,791 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €61,746 | €101,723 | +€39,977 | +64.7% |
| Income taxes | 67/77 | €23,317 | €33,703 | +€10,387 | +44.5% |
| Profit (loss) for the period | 9904 | €38,430 | €68,020 | +€29,590 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,430 | €68,020 | +€29,590 | +77.0% |
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.