SHJELA: 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.
SHJELA
Largest movements
- Tangible fixed assets -€9,954
down €9,954 (-3.8%), from €262,950 to €252,995
- Profit (loss) carried forward -€20,890
down €20,890 (-8.7%), from -€239,718 to -€260,608
- Other debts +€10,339
up €10,339 (+2.7%), from €376,599 to €386,938
- Gross operating margin -€6,012
down €6,012 (-432%), from -€1,392 to -€7,405
- Other operating charges +€91
up €91 (+2.7%), from €3,323 to €3,413
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 | €263,881 | €253,330 | -€10,551 | -4.0% |
| Fixed assets | 21/28 | €262,950 | €252,995 | -€9,954 | -3.8% |
| Tangible fixed assets | 22/27 | €262,950 | €252,995 | -€9,954 | -3.8% |
| Land and buildings | 22 | €262,950 | €252,995 | -€9,954 | -3.8% |
| Current assets | 29/58 | €932 | €335 | -€597 | -64.1% |
| Cash at bank and in hand | 54/58 | €932 | €30 | -€901 | -96.8% |
| Deferred charges and accrued income | 490/1 | - | €304 | +€304 | |
| Total equity and liabilities | 10/49 | €263,881 | €253,330 | -€10,551 | -4.0% |
| Equity | 10/15 | -€177,718 | -€198,608 | -€20,890 | -11.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,718 | -€260,608 | -€20,890 | -8.7% |
| Amounts payable | 17/49 | €441,599 | €451,938 | +€10,339 | +2.3% |
| Amounts payable after more than one year | 17 | €65,000 | €65,000 | = | 0.0% |
| Financial debts | 170/4 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €376,599 | €386,938 | +€10,339 | +2.7% |
| Other amounts payable | 47/48 | €376,599 | €386,938 | +€10,339 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,954 | €9,954 | = | 0.0% |
| Other operating charges | 640/8 | €3,323 | €3,413 | +€91 | +2.7% |
| Gross operating margin | 9900 | -€1,392 | -€7,405 | -€6,012 | -432% |
| Operating profit (loss) | 9901 | -€14,669 | -€20,772 | -€6,103 | -41.6% |
| Financial charges | 65/66B | €118 | €118 | -€0 | -0.4% |
| Recurring financial charges | 65 | €118 | €118 | -€0 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,787 | -€20,890 | -€6,103 | -41.3% |
| Profit (loss) for the period | 9904 | -€14,787 | -€20,890 | -€6,103 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,787 | -€20,890 | -€6,103 | -41.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.