SHKUP: 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.
SHKUP
Largest movements
- Receivables within one year -€35,458
down €35,458 (-27.0%), from €131,537 to €96,079
of which Other amounts receivable: -€35,461
- Cash +€14,691
up €14,691 (+63.4%), from €23,164 to €37,855
mainly Receivables within one year (+€35,458) and Net result for the year (+€21,627)
- Receivables after one year +€3,634
up €3,634 (+2.3%), from €155,250 to €158,884
- Tangible fixed assets -€3,388
down €3,388 (-32.2%), from €10,523 to €7,136
of which Other tangible fixed assets: -€2,320
- Trade debts -€40,260
down €40,260 (-98.2%), from €41,001 to €741
- Profit (loss) carried forward +€21,627
up €21,627 (+8.8%), from €245,527 to €267,154
- Taxes -€8,967
down €8,967 (-70.7%), from €12,682 to €3,715
- Gross operating margin -€5,790
down €5,790 (-7.2%), from €80,970 to €75,180
- Other operating charges +€3,787
up €3,787 (+165.4%), from €2,289 to €6,076
- Financial charges -€966
down €966 (-41.6%), from €2,324 to €1,358
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 | €320,474 | €299,953 | -€20,521 | -6.4% |
| Fixed assets | 21/28 | €10,523 | €7,136 | -€3,388 | -32.2% |
| Tangible fixed assets | 22/27 | €10,523 | €7,136 | -€3,388 | -32.2% |
| Furniture and vehicles | 24 | €4,726 | €3,658 | -€1,068 | -22.6% |
| Other tangible fixed assets | 26 | €5,797 | €3,477 | -€2,320 | -40.0% |
| Current assets | 29/58 | €309,951 | €292,817 | -€17,133 | -5.5% |
| Amounts receivable after more than one year | 29 | €155,250 | €158,884 | +€3,634 | +2.3% |
| Other amounts receivable | 291 | €155,250 | €158,884 | +€3,634 | +2.3% |
| Amounts receivable within one year | 40/41 | €131,537 | €96,079 | -€35,458 | -27.0% |
| Trade receivables | 40 | - | €3 | +€3 | |
| Other amounts receivable | 41 | €131,537 | €96,076 | -€35,461 | -27.0% |
| Cash at bank and in hand | 54/58 | €23,164 | €37,855 | +€14,691 | +63.4% |
| Total equity and liabilities | 10/49 | €320,474 | €299,953 | -€20,521 | -6.4% |
| Equity | 10/15 | €253,587 | €275,214 | +€21,627 | +8.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,527 | €267,154 | +€21,627 | +8.8% |
| Amounts payable | 17/49 | €66,887 | €24,738 | -€42,148 | -63.0% |
| Amounts payable within one year | 42/48 | €66,887 | €24,738 | -€42,148 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €13,734 | €13,670 | -€64 | -0.5% |
| Trade debts | 44 | €41,001 | €741 | -€40,260 | -98.2% |
| Suppliers | 440/4 | €41,001 | €741 | -€40,260 | -98.2% |
| Taxes, remuneration and social security | 45 | €12,152 | €10,328 | -€1,824 | -15.0% |
| Taxes | 450/3 | €8,285 | €5,907 | -€2,378 | -28.7% |
| Remuneration and social security | 454/9 | €3,867 | €4,421 | +€554 | +14.3% |
| Remuneration, social security and pensions | 62 | €45,015 | €44,453 | -€562 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,933 | €3,388 | +€455 | +15.5% |
| Other operating charges | 640/8 | €2,289 | €6,076 | +€3,787 | +165.4% |
| Gross operating margin | 9900 | €80,970 | €75,180 | -€5,790 | -7.2% |
| Operating profit (loss) | 9901 | €30,734 | €21,264 | -€9,470 | -30.8% |
| Financial income | 75/76B | €5,250 | €5,437 | +€187 | +3.6% |
| Recurring financial income | 75 | €5,250 | €5,437 | +€187 | +3.6% |
| Financial charges | 65/66B | €2,324 | €1,358 | -€966 | -41.6% |
| Recurring financial charges | 65 | €2,324 | €1,358 | -€966 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €33,660 | €25,342 | -€8,317 | -24.7% |
| Income taxes | 67/77 | €12,682 | €3,715 | -€8,967 | -70.7% |
| Profit (loss) for the period | 9904 | €20,977 | €21,627 | +€650 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,977 | €21,627 | +€650 | +3.1% |
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 8 October 2026 via checked.be.