SHOE-LUX: 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.
SHOE-LUX
Largest movements
- Cash -€50,167
down €50,167 (-19.4%), from €259,035 to €208,867
mainly Contributions, distributions and other (-€575,632) and Current investments (-€19,678)
- Tangible fixed assets -€27,767
down €27,767 (-77.9%), from €35,637 to €7,870
of which Plant, machinery and equipment: -€20,296
- Current investments +€19,678
up €19,678 (+2.4%), from €820,521 to €840,199
- Contributions -€575,632
down €575,632 (-88.6%), from €650,000 to €74,368
- Other debts +€501,926
up €501,926 (+8,601%), from €5,836 to €507,761
- Reserves +€20,138
up €20,138 (+2.9%), from €687,998 to €708,135
of which Distributable reserves: +€20,138
- Financial charges +€21,525
up €21,525 (+2,255%), from €955 to €22,480
- Financial income -€10,302
down €10,302 (-29.4%), from €35,046 to €24,744
- Taxes -€6,505
down €6,505 (-33.7%), from €19,280 to €12,776
- Gross operating margin +€1,284
up €1,284 (+1.2%), from €108,544 to €109,828
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 | €1,391,909 | €1,325,986 | -€65,923 | -4.7% |
| Fixed assets | 21/28 | €35,783 | €8,016 | -€27,767 | -77.6% |
| Tangible fixed assets | 22/27 | €35,637 | €7,870 | -€27,767 | -77.9% |
| Plant, machinery and equipment | 23 | €20,333 | €37 | -€20,296 | -99.8% |
| Furniture and vehicles | 24 | €15,304 | €7,833 | -€7,471 | -48.8% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €1,356,126 | €1,317,970 | -€38,156 | -2.8% |
| Stocks and contracts in progress | 3 | €262,478 | €263,574 | +€1,096 | +0.4% |
| Stocks | 30/36 | €262,478 | €263,574 | +€1,096 | +0.4% |
| Amounts receivable within one year | 40/41 | €11,671 | €2,939 | -€8,733 | -74.8% |
| Trade receivables | 40 | €2,340 | €2,939 | +€599 | +25.6% |
| Other amounts receivable | 41 | €9,332 | €0 | -€9,332 | -100% |
| Current investments | 50/53 | €820,521 | €840,199 | +€19,678 | +2.4% |
| Cash at bank and in hand | 54/58 | €259,035 | €208,867 | -€50,167 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,420 | €2,390 | -€30 | -1.3% |
| Total equity and liabilities | 10/49 | €1,391,909 | €1,325,986 | -€65,923 | -4.7% |
| Equity | 10/15 | €1,337,998 | €782,503 | -€555,494 | -41.5% |
| Contributions | 10/11 | €650,000 | €74,368 | -€575,632 | -88.6% |
| Capital | 10 | €650,000 | €74,368 | -€575,632 | -88.6% |
| Issued capital | 100 | €650,000 | €74,368 | -€575,632 | -88.6% |
| Reserves | 13 | €687,998 | €708,135 | +€20,138 | +2.9% |
| Non-distributable reserves | 130/1 | €91,137 | €91,137 | = | 0.0% |
| Legal reserve | 130 | €91,137 | €91,137 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,552 | €62,552 | = | 0.0% |
| Distributable reserves | 133 | €534,309 | €554,447 | +€20,138 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €53,911 | €543,482 | +€489,571 | +908% |
| Amounts payable within one year | 42/48 | €53,911 | €543,482 | +€489,571 | +908% |
| Trade debts | 44 | €9,211 | €2,868 | -€6,343 | -68.9% |
| Suppliers | 440/4 | €9,211 | €2,868 | -€6,343 | -68.9% |
| Taxes, remuneration and social security | 45 | €38,864 | €32,853 | -€6,011 | -15.5% |
| Taxes | 450/3 | €24,039 | €17,626 | -€6,413 | -26.7% |
| Remuneration and social security | 454/9 | €14,825 | €15,227 | +€402 | +2.7% |
| Other amounts payable | 47/48 | €5,836 | €507,761 | +€501,926 | +8,601% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,562 | €48,385 | +€823 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,235 | €28,096 | -€139 | -0.5% |
| Other operating charges | 640/8 | €2,798 | €2,698 | -€100 | -3.6% |
| Gross operating margin | 9900 | €108,544 | €109,828 | +€1,284 | +1.2% |
| Operating profit (loss) | 9901 | €29,950 | €30,649 | +€699 | +2.3% |
| Financial income | 75/76B | €35,046 | €24,744 | -€10,302 | -29.4% |
| Recurring financial income | 75 | €35,046 | €24,744 | -€10,302 | -29.4% |
| Financial charges | 65/66B | €955 | €22,480 | +€21,525 | +2,255% |
| Recurring financial charges | 65 | €955 | €22,480 | +€21,525 | +2,255% |
| Profit (loss) for the period before taxes | 9903 | €64,042 | €32,913 | -€31,129 | -48.6% |
| Income taxes | 67/77 | €19,280 | €12,776 | -€6,505 | -33.7% |
| Profit (loss) for the period | 9904 | €44,762 | €20,138 | -€24,624 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,762 | €20,138 | -€24,624 | -55.0% |
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 26 October 2026 via checked.be.