SHOES & C°: 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.
SHOES & C°
Largest movements
- Receivables within one year +€137,325
up €137,325 (+5,444%), from €2,523 to €139,848
of which Other amounts receivable: +€130,360
- Stocks and contracts -€44,033
down €44,033 (-12.6%), from €348,290 to €304,257
- Tangible fixed assets -€11,975
down €11,975 (-10.7%), from €111,623 to €99,647
of which Other tangible fixed assets: -€9,645
- Cash +€10,278
up €10,278 (+44.3%), from €23,177 to €33,454
mainly Short-term financial debts (+€110,175) and Stocks and contracts (+€44,033)
- Short-term financial debts +€110,175
up €110,175 (+276%), from €39,894 to €150,069
- Trade debts -€28,635
down €28,635 (-53.1%), from €53,930 to €25,295
- Debts after one year -€25,898
down €25,898 (-23.5%), from €110,119 to €84,221
- Reserves +€23,528
up €23,528 (+82.6%), from €28,496 to €52,023
of which Distributable reserves: +€23,528
- Tax, wage and social debts +€12,763
up €12,763 (+22.0%), from €58,064 to €70,827
of which Taxes: +€22,060
- Financial income -€43,260
down €43,260 (-69.6%), from €62,183 to €18,924
- Write-downs +€18,838
up €18,838 (+71.5%), from €26,338 to €45,176
- Gross operating margin +€12,096
up €12,096 (+5.3%), from €226,755 to €238,851
- Staff costs -€9,528
down €9,528 (-6.2%), from €154,473 to €144,945
- Taxes -€9,253
down €9,253 (-50.7%), from €18,259 to €9,005
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 | €486,133 | €577,616 | +€91,483 | +18.8% |
| Fixed assets | 21/28 | €112,033 | €100,057 | -€11,975 | -10.7% |
| Tangible fixed assets | 22/27 | €111,623 | €99,647 | -€11,975 | -10.7% |
| Plant, machinery and equipment | 23 | €7,033 | €4,703 | -€2,330 | -33.1% |
| Other tangible fixed assets | 26 | €104,590 | €94,944 | -€9,645 | -9.2% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €374,101 | €477,559 | +€103,458 | +27.7% |
| Stocks and contracts in progress | 3 | €348,290 | €304,257 | -€44,033 | -12.6% |
| Stocks | 30/36 | €348,290 | €304,257 | -€44,033 | -12.6% |
| Amounts receivable within one year | 40/41 | €2,523 | €139,848 | +€137,325 | +5,444% |
| Trade receivables | 40 | €782 | €7,746 | +€6,965 | +891% |
| Other amounts receivable | 41 | €1,741 | €132,102 | +€130,360 | +7,487% |
| Cash at bank and in hand | 54/58 | €23,177 | €33,454 | +€10,278 | +44.3% |
| Deferred charges and accrued income | 490/1 | €112 | - | -€112 | |
| Total equity and liabilities | 10/49 | €486,133 | €577,616 | +€91,483 | +18.8% |
| Equity | 10/15 | €197,046 | €220,573 | +€23,528 | +11.9% |
| Contributions | 10/11 | €168,550 | €168,550 | = | 0.0% |
| Reserves | 13 | €28,496 | €52,023 | +€23,528 | +82.6% |
| Non-distributable reserves | 130/1 | €2,517 | €2,517 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,517 | €2,517 | = | 0.0% |
| Tax-exempt reserves | 132 | €47 | €47 | = | 0.0% |
| Distributable reserves | 133 | €25,931 | €49,459 | +€23,528 | +90.7% |
| Amounts payable | 17/49 | €289,088 | €357,043 | +€67,955 | +23.5% |
| Amounts payable after more than one year | 17 | €110,119 | €84,221 | -€25,898 | -23.5% |
| Financial debts | 170/4 | €110,119 | €84,221 | -€25,898 | -23.5% |
| Amounts payable within one year | 42/48 | €178,523 | €272,090 | +€93,567 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €24,881 | €25,898 | +€1,018 | +4.1% |
| Financial debts | 43 | €39,894 | €150,069 | +€110,175 | +276% |
| Credit institutions | 430/8 | €39,894 | €150,069 | +€110,175 | +276% |
| Trade debts | 44 | €53,930 | €25,295 | -€28,635 | -53.1% |
| Suppliers | 440/4 | €53,930 | €25,295 | -€28,635 | -53.1% |
| Taxes, remuneration and social security | 45 | €58,064 | €70,827 | +€12,763 | +22.0% |
| Taxes | 450/3 | €19,800 | €41,860 | +€22,060 | +111% |
| Remuneration and social security | 454/9 | €38,264 | €28,967 | -€9,297 | -24.3% |
| Other amounts payable | 47/48 | €1,754 | - | -€1,754 | |
| Accrued charges and deferred income | 492/3 | €446 | €732 | +€286 | +64.2% |
| Remuneration, social security and pensions | 62 | €154,473 | €144,945 | -€9,528 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,128 | €18,560 | -€2,568 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,338 | €45,176 | +€18,838 | +71.5% |
| Other operating charges | 640/8 | €585 | €141 | -€445 | -76.0% |
| Gross operating margin | 9900 | €226,755 | €238,851 | +€12,096 | +5.3% |
| Operating profit (loss) | 9901 | €24,231 | €30,030 | +€5,799 | +23.9% |
| Financial income | 75/76B | €62,183 | €18,924 | -€43,260 | -69.6% |
| Recurring financial income | 75 | €62,183 | €18,924 | -€43,260 | -69.6% |
| Financial charges | 65/66B | €11,945 | €16,420 | +€4,475 | +37.5% |
| Recurring financial charges | 65 | €11,945 | €16,420 | +€4,475 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €74,470 | €32,533 | -€41,937 | -56.3% |
| Income taxes | 67/77 | €18,259 | €9,005 | -€9,253 | -50.7% |
| Profit (loss) for the period | 9904 | €56,211 | €23,528 | -€32,683 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,211 | €23,528 | -€32,683 | -58.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.