Shirzad: 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.
Shirzad
Largest movements
- Cash +€45,669
up €45,669 (+275%), from €16,592 to €62,261
mainly Net result for the year (+€42,433) and Tax, wage and social debts (+€23,628)
- Stocks and contracts +€6,269
up €6,269 (+18.6%), from €33,681 to €39,950
- Receivables within one year +€6,182
up €6,182 (+219%), from €2,822 to €9,004
of which Trade receivables: +€5,142
- Tangible fixed assets -€2,505
down €2,505 (-28.2%), from €8,892 to €6,387
- Reserves +€42,433
up €42,433 (+530%), from €8,003 to €50,436
- Other debts -€27,537
down €27,537 (-59.1%), from €46,568 to €19,031
- Tax, wage and social debts +€23,628
up €23,628 (+1,181%), from €2,000 to €25,628
of which Taxes: +€13,166
- Trade debts +€17,091
up €17,091 (+707%), from €2,416 to €19,507
- Gross operating margin +€61,353
up €61,353 (+400%), from €15,357 to €76,710
- Taxes +€12,685
up €12,685 (+2,114%), from €600 to €13,285
- Staff costs +€10,617
new in 2024: €10,617
- Financial charges +€4,068
up €4,068 (+267%), from €1,523 to €5,591
- Other operating charges -€799
down €799 (-33.0%), from €2,425 to €1,626
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,987 | €117,601 | +€55,614 | +89.7% |
| Fixed assets | 21/28 | €8,892 | €6,387 | -€2,505 | -28.2% |
| Tangible fixed assets | 22/27 | €8,892 | €6,387 | -€2,505 | -28.2% |
| Plant, machinery and equipment | 23 | €8,892 | €6,387 | -€2,505 | -28.2% |
| Current assets | 29/58 | €53,095 | €111,214 | +€58,119 | +109% |
| Stocks and contracts in progress | 3 | €33,681 | €39,950 | +€6,269 | +18.6% |
| Stocks | 30/36 | €33,681 | €39,950 | +€6,269 | +18.6% |
| Amounts receivable within one year | 40/41 | €2,822 | €9,004 | +€6,182 | +219% |
| Trade receivables | 40 | €2,815 | €7,957 | +€5,142 | +183% |
| Other amounts receivable | 41 | €7 | €1,047 | +€1,040 | +14,863% |
| Cash at bank and in hand | 54/58 | €16,592 | €62,261 | +€45,669 | +275% |
| Total equity and liabilities | 10/49 | €61,987 | €117,601 | +€55,614 | +89.7% |
| Equity | 10/15 | €11,003 | €53,436 | +€42,433 | +386% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,003 | €50,436 | +€42,433 | +530% |
| Distributable reserves | 133 | €8,003 | €50,436 | +€42,433 | +530% |
| Amounts payable | 17/49 | €50,984 | €64,166 | +€13,182 | +25.9% |
| Amounts payable within one year | 42/48 | €50,984 | €64,166 | +€13,182 | +25.9% |
| Trade debts | 44 | €2,416 | €19,507 | +€17,091 | +707% |
| Suppliers | 440/4 | €2,416 | €19,507 | +€17,091 | +707% |
| Taxes, remuneration and social security | 45 | €2,000 | €25,628 | +€23,628 | +1,181% |
| Taxes | 450/3 | €2,000 | €15,166 | +€13,166 | +658% |
| Remuneration and social security | 454/9 | - | €10,463 | +€10,463 | |
| Other amounts payable | 47/48 | €46,568 | €19,031 | -€27,537 | -59.1% |
| Remuneration, social security and pensions | 62 | - | €10,617 | +€10,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,807 | €2,505 | -€302 | -10.8% |
| Other operating charges | 640/8 | €2,425 | €1,626 | -€799 | -33.0% |
| Non-recurring operating charges | 66A | - | €1,050 | +€1,050 | |
| Gross operating margin | 9900 | €15,357 | €76,710 | +€61,353 | +400% |
| Operating profit (loss) | 9901 | €10,125 | €60,913 | +€50,788 | +502% |
| Financial income | 75/76B | €1 | €396 | +€395 | +39,470% |
| Recurring financial income | 75 | €1 | €396 | +€395 | +39,470% |
| Financial charges | 65/66B | €1,523 | €5,591 | +€4,068 | +267% |
| Recurring financial charges | 65 | €1,523 | €5,591 | +€4,068 | +267% |
| Profit (loss) for the period before taxes | 9903 | €8,603 | €55,718 | +€47,115 | +548% |
| Income taxes | 67/77 | €600 | €13,285 | +€12,685 | +2,114% |
| Profit (loss) for the period | 9904 | €8,003 | €42,433 | +€34,430 | +430% |
| Profit (loss) for the period to be appropriated | 9905 | €8,003 | €42,433 | +€34,430 | +430% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.