Shiya: 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.
Shiya
Largest movements
- Cash +€4,725
up €4,725 (+22.5%), from €20,957 to €25,682
mainly Net result for the year (+€44,966) and Tax, wage and social debts (+€7,878)
- Debts after one year -€46,980
down €46,980 (-13.4%), from €351,553 to €304,573
- Reserves +€44,966
up €44,966 (+391.5%), from €11,487 to €56,453
- Tax, wage and social debts +€7,878
up €7,878 (+77.2%), from €10,207 to €18,085
- Gross operating margin +€56,544
up €56,544 (+245.4%), from €23,039 to €79,583
- Taxes +€13,568
up €13,568 (+322.8%), from €4,204 to €17,772
- Financial charges +€7,889
up €7,889 (+111.1%), from €7,101 to €14,990
- Depreciation +€1,135
up €1,135 (+432.5%), from €262 to €1,397
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 | €423,912 | €432,065 | +€8,153 | +1.9% |
| Fixed assets | 21/28 | €401,956 | €405,295 | +€3,339 | +0.8% |
| Tangible fixed assets | 22/27 | €7,549 | €10,888 | +€3,339 | +44.2% |
| Furniture and vehicles | 24 | €7,549 | €10,888 | +€3,339 | +44.2% |
| Financial fixed assets | 28 | €394,406 | €394,406 | = | 0.0% |
| Current assets | 29/58 | €21,956 | €26,770 | +€4,814 | +21.9% |
| Amounts receivable within one year | 40/41 | - | €220 | +€220 | |
| Other amounts receivable | 41 | - | €220 | +€220 | |
| Cash at bank and in hand | 54/58 | €20,957 | €25,682 | +€4,725 | +22.5% |
| Deferred charges and accrued income | 490/1 | €999 | €868 | -€131 | -13.1% |
| Total equity and liabilities | 10/49 | €423,912 | €432,065 | +€8,153 | +1.9% |
| Equity | 10/15 | €13,487 | €58,453 | +€44,966 | +333.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,487 | €56,453 | +€44,966 | +391.5% |
| Distributable reserves | 133 | €11,487 | €56,453 | +€44,966 | +391.5% |
| Amounts payable | 17/49 | €410,425 | €373,612 | -€36,814 | -9.0% |
| Amounts payable after more than one year | 17 | €351,553 | €304,573 | -€46,980 | -13.4% |
| Financial debts | 170/4 | €351,553 | €304,573 | -€46,980 | -13.4% |
| Amounts payable within one year | 42/48 | €58,390 | €68,593 | +€10,203 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €45,189 | €46,980 | +€1,791 | +4.0% |
| Trade debts | 44 | €1,001 | €3,529 | +€2,527 | +252.4% |
| Suppliers | 440/4 | €1,001 | €3,529 | +€2,527 | +252.4% |
| Taxes, remuneration and social security | 45 | €10,207 | €18,085 | +€7,878 | +77.2% |
| Taxes | 450/3 | €10,207 | €18,085 | +€7,878 | +77.2% |
| Other amounts payable | 47/48 | €1,993 | €0 | -€1,993 | -100.0% |
| Accrued charges and deferred income | 492/3 | €482 | €445 | -€37 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262 | €1,397 | +€1,135 | +432.5% |
| Other operating charges | 640/8 | - | €490 | +€490 | |
| Gross operating margin | 9900 | €23,039 | €79,583 | +€56,544 | +245.4% |
| Operating profit (loss) | 9901 | €22,777 | €77,696 | +€54,919 | +241.1% |
| Financial income | 75/76B | €14 | €33 | +€19 | +133.7% |
| Recurring financial income | 75 | €14 | €33 | +€19 | +133.7% |
| Financial charges | 65/66B | €7,101 | €14,990 | +€7,889 | +111.1% |
| Recurring financial charges | 65 | €7,101 | €14,990 | +€7,889 | +111.1% |
| Profit (loss) for the period before taxes | 9903 | €15,690 | €62,738 | +€47,048 | +299.9% |
| Income taxes | 67/77 | €4,204 | €17,772 | +€13,568 | +322.8% |
| Profit (loss) for the period | 9904 | €11,487 | €44,966 | +€33,480 | +291.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,487 | €44,966 | +€33,480 | +291.5% |
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 2 October 2026 via checked.be.