SHIVEB: 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.
SHIVEB
Largest movements
- Stocks and contracts -€4,248
no longer reported in 2025 (was €4,248)
- Cash -€92
down €92 (-70.7%), from €130 to €38
mainly Net result for the year (-€5,477) and Trade debts (-€1,209)
- Receivables within one year +€58
up €58 (+9.4%), from €616 to €674
- Profit (loss) carried forward -€5,477
down €5,477 (-8.5%), from -€64,527 to -€70,003
- Other debts +€2,410
up €2,410 (+5.1%), from €46,927 to €49,338
- Trade debts -€1,209
down €1,209 (-69.8%), from €1,732 to €523
- Gross operating margin -€2,574
down €2,574 (-91.6%), from -€2,811 to -€5,385
- Financial charges -€106
down €106 (-53.7%), from €198 to €92
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,994 | €712 | -€4,282 | -85.7% |
| Current assets | 29/58 | €4,994 | €712 | -€4,282 | -85.7% |
| Stocks and contracts in progress | 3 | €4,248 | - | -€4,248 | |
| Stocks | 30/36 | €4,248 | - | -€4,248 | |
| Amounts receivable within one year | 40/41 | €616 | €674 | +€58 | +9.4% |
| Other amounts receivable | 41 | €616 | €674 | +€58 | +9.4% |
| Cash at bank and in hand | 54/58 | €130 | €38 | -€92 | -70.7% |
| Total equity and liabilities | 10/49 | €4,994 | €712 | -€4,282 | -85.7% |
| Equity | 10/15 | -€44,075 | -€49,552 | -€5,477 | -12.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,527 | -€70,003 | -€5,477 | -8.5% |
| Amounts payable | 17/49 | €49,069 | €50,264 | +€1,195 | +2.4% |
| Amounts payable within one year | 42/48 | €49,069 | €50,264 | +€1,195 | +2.4% |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €1,732 | €523 | -€1,209 | -69.8% |
| Suppliers | 440/4 | €1,732 | €523 | -€1,209 | -69.8% |
| Taxes, remuneration and social security | 45 | €404 | €404 | = | 0.0% |
| Taxes | 450/3 | €404 | €404 | = | 0.0% |
| Other amounts payable | 47/48 | €46,927 | €49,338 | +€2,410 | +5.1% |
| Gross operating margin | 9900 | -€2,811 | -€5,385 | -€2,574 | -91.6% |
| Operating profit (loss) | 9901 | -€2,811 | -€5,385 | -€2,574 | -91.6% |
| Financial charges | 65/66B | €198 | €92 | -€106 | -53.7% |
| Recurring financial charges | 65 | €198 | €92 | -€106 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,009 | -€5,477 | -€2,468 | -82.0% |
| Profit (loss) for the period | 9904 | -€3,009 | -€5,477 | -€2,468 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,009 | -€5,477 | -€2,468 | -82.0% |
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.