Shiva Jaderi: 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.
Shiva Jaderi
Largest movements
- Cash +€33,010
up €33,010 (+314%), from €10,520 to €43,530
mainly Net result for the year (+€57,120) and Tax, wage and social debts (+€8,783)
- Receivables within one year +€29,963
new in 2025: €29,963
- Tangible fixed assets +€1,477
new in 2025: €1,477
- Deferred charges and accrued income +€800
new in 2025: €800
- Reserves +€57,120
up €57,120 (+914%), from €6,248 to €63,369
- Tax, wage and social debts +€8,783
up €8,783 (+521%), from €1,686 to €10,469
- Other debts -€1,343
down €1,343 (-100%), from €1,343 to €0
- Gross operating margin +€66,048
up €66,048 (+793%), from €8,333 to €74,381
- Taxes +€13,783
up €13,783 (+818%), from €1,686 to €15,469
- Financial charges +€1,141
up €1,141 (+9,737%), from €12 to €1,153
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 | €10,520 | €75,771 | +€65,251 | +620% |
| Fixed assets | 21/28 | - | €1,477 | +€1,477 | |
| Tangible fixed assets | 22/27 | - | €1,477 | +€1,477 | |
| Furniture and vehicles | 24 | - | €1,477 | +€1,477 | |
| Current assets | 29/58 | €10,520 | €74,294 | +€63,774 | +606% |
| Amounts receivable within one year | 40/41 | - | €29,963 | +€29,963 | |
| Trade receivables | 40 | - | €29,963 | +€29,963 | |
| Cash at bank and in hand | 54/58 | €10,520 | €43,530 | +€33,010 | +314% |
| Deferred charges and accrued income | 490/1 | - | €800 | +€800 | |
| Total equity and liabilities | 10/49 | €10,520 | €75,771 | +€65,251 | +620% |
| Equity | 10/15 | €6,348 | €63,469 | +€57,120 | +900% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €6,248 | €63,369 | +€57,120 | +914% |
| Distributable reserves | 133 | €6,248 | €63,369 | +€57,120 | +914% |
| Amounts payable | 17/49 | €4,171 | €12,302 | +€8,131 | +195% |
| Amounts payable within one year | 42/48 | €4,171 | €12,302 | +€8,131 | +195% |
| Trade debts | 44 | €1,143 | €1,833 | +€691 | +60.4% |
| Suppliers | 440/4 | €1,143 | €1,833 | +€691 | +60.4% |
| Taxes, remuneration and social security | 45 | €1,686 | €10,469 | +€8,783 | +521% |
| Taxes | 450/3 | €1,686 | €10,469 | +€8,783 | +521% |
| Other amounts payable | 47/48 | €1,343 | €0 | -€1,343 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €71 | +€71 | |
| Other operating charges | 640/8 | €387 | €568 | +€181 | +46.8% |
| Gross operating margin | 9900 | €8,333 | €74,381 | +€66,048 | +793% |
| Operating profit (loss) | 9901 | €7,946 | €73,742 | +€65,796 | +828% |
| Financial charges | 65/66B | €12 | €1,153 | +€1,141 | +9,737% |
| Recurring financial charges | 65 | €12 | €1,153 | +€1,141 | +9,737% |
| Profit (loss) for the period before taxes | 9903 | €7,934 | €72,589 | +€64,655 | +815% |
| Income taxes | 67/77 | €1,686 | €15,469 | +€13,783 | +818% |
| Profit (loss) for the period | 9904 | €6,248 | €57,120 | +€50,872 | +814% |
| Profit (loss) for the period to be appropriated | 9905 | €6,248 | €57,120 | +€50,872 | +814% |
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 23 October 2026 via checked.be.