Shkarpa: 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.
Shkarpa
Largest movements
- Receivables within one year +€30,083
up €30,083 (+24.3%), from €123,817 to €153,900
of which Other amounts receivable: +€29,928
- Tangible fixed assets -€7,405
down €7,405 (-79.1%), from €9,365 to €1,960
- Other debts +€98,504
up €98,504 (+1,847%), from €5,333 to €103,837
- Reserves -€89,737
down €89,737 (-52.0%), from €172,527 to €82,790
- Tax, wage and social debts +€16,256
up €16,256 (+256%), from €6,358 to €22,615
of which Taxes: +€16,112
- Current portion of long-term debt -€3,559
down €3,559 (-100%), from €3,559 to €0
- Gross operating margin +€30,886
up €30,886 (+29.1%), from €106,109 to €136,995
- Taxes +€6,417
up €6,417 (+42.9%), from €14,942 to €21,360
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 | €207,373 | €229,372 | +€21,999 | +10.6% |
| Fixed assets | 21/28 | €9,515 | €2,110 | -€7,405 | -77.8% |
| Tangible fixed assets | 22/27 | €9,365 | €1,960 | -€7,405 | -79.1% |
| Furniture and vehicles | 24 | €9,365 | €1,960 | -€7,405 | -79.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €197,858 | €227,262 | +€29,404 | +14.9% |
| Amounts receivable within one year | 40/41 | €123,817 | €153,900 | +€30,083 | +24.3% |
| Trade receivables | 40 | €12,901 | €13,056 | +€155 | +1.2% |
| Other amounts receivable | 41 | €110,916 | €140,844 | +€29,928 | +27.0% |
| Cash at bank and in hand | 54/58 | €70,713 | €69,330 | -€1,383 | -2.0% |
| Deferred charges and accrued income | 490/1 | €3,329 | €4,032 | +€704 | +21.1% |
| Total equity and liabilities | 10/49 | €207,373 | €229,372 | +€21,999 | +10.6% |
| Equity | 10/15 | €185,027 | €95,290 | -€89,737 | -48.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €172,527 | €82,790 | -€89,737 | -52.0% |
| Distributable reserves | 133 | €172,527 | €82,790 | -€89,737 | -52.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,346 | €134,082 | +€111,736 | +500% |
| Amounts payable within one year | 42/48 | €15,363 | €127,057 | +€111,694 | +727% |
| Current portion of amounts payable after more than one year | 42 | €3,559 | €0 | -€3,559 | -100% |
| Trade debts | 44 | €113 | €606 | +€493 | +438% |
| Suppliers | 440/4 | €113 | €606 | +€493 | +438% |
| Taxes, remuneration and social security | 45 | €6,358 | €22,615 | +€16,256 | +256% |
| Taxes | 450/3 | €2,713 | €18,825 | +€16,112 | +594% |
| Remuneration and social security | 454/9 | €3,646 | €3,790 | +€144 | +3.9% |
| Other amounts payable | 47/48 | €5,333 | €103,837 | +€98,504 | +1,847% |
| Accrued charges and deferred income | 492/3 | €6,983 | €7,025 | +€42 | +0.6% |
| Remuneration, social security and pensions | 62 | €24,362 | €25,541 | +€1,179 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,196 | €7,405 | -€791 | -9.6% |
| Other operating charges | 640/8 | €1,256 | €1,119 | -€137 | -10.9% |
| Non-recurring operating charges | 66A | €32 | €0 | -€32 | -100% |
| Gross operating margin | 9900 | €106,109 | €136,995 | +€30,886 | +29.1% |
| Operating profit (loss) | 9901 | €72,262 | €102,929 | +€30,667 | +42.4% |
| Financial income | 75/76B | €2,565 | €3,184 | +€618 | +24.1% |
| Recurring financial income | 75 | €2,565 | €3,184 | +€618 | +24.1% |
| Financial charges | 65/66B | €1,964 | €1,963 | -€1 | -0.1% |
| Recurring financial charges | 65 | €1,964 | €1,963 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €72,864 | €104,150 | +€31,286 | +42.9% |
| Income taxes | 67/77 | €14,942 | €21,360 | +€6,417 | +42.9% |
| Profit (loss) for the period | 9904 | €57,921 | €82,790 | +€24,869 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,921 | €82,790 | +€24,869 | +42.9% |
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 17 October 2026 via checked.be.