SHOETINE: 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.
SHOETINE
Largest movements
- Cash +€22,275
up €22,275 (+13.2%), from €168,664 to €190,939
mainly Other debts (+€110,525) and Net result for the year (+€18,544)
- Receivables within one year -€9,889
down €9,889 (-92.8%), from €10,661 to €772
of which Trade receivables: -€5,505
- Other debts +€110,525
up €110,525 (+199%), from €55,483 to €166,008
- Reserves -€98,160
down €98,160 (-77.5%), from €126,641 to €28,481
- Trade debts -€2,826
down €2,826 (-91.0%), from €3,106 to €280
- Accrued charges and deferred income +€2,256
up €2,256 (+1,623%), from €139 to €2,395
- Taxes +€5,922
up €5,922 (+182%), from €3,255 to €9,176
- Financial charges +€2,275
up €2,275 (+1,472%), from €154 to €2,429
- Gross operating margin -€744
down €744 (-2.3%), from €33,046 to €32,301
- Other operating charges +€487
up €487 (+17.5%), from €2,786 to €3,273
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 | €206,484 | €217,901 | +€11,417 | +5.5% |
| Fixed assets | 21/28 | €24,865 | €24,865 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,865 | €24,865 | = | 0.0% |
| Land and buildings | 22 | €24,865 | €24,865 | = | 0.0% |
| Current assets | 29/58 | €181,619 | €193,036 | +€11,417 | +6.3% |
| Amounts receivable within one year | 40/41 | €10,661 | €772 | -€9,889 | -92.8% |
| Trade receivables | 40 | €6,277 | €772 | -€5,505 | -87.7% |
| Other amounts receivable | 41 | €4,384 | €0 | -€4,384 | -100% |
| Cash at bank and in hand | 54/58 | €168,664 | €190,939 | +€22,275 | +13.2% |
| Deferred charges and accrued income | 490/1 | €2,294 | €1,326 | -€969 | -42.2% |
| Total equity and liabilities | 10/49 | €206,484 | €217,901 | +€11,417 | +5.5% |
| Equity | 10/15 | €145,241 | €47,081 | -€98,160 | -67.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,641 | €28,481 | -€98,160 | -77.5% |
| Distributable reserves | 133 | €126,641 | €28,481 | -€98,160 | -77.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,243 | €170,820 | +€109,577 | +179% |
| Amounts payable within one year | 42/48 | €61,104 | €168,425 | +€107,321 | +176% |
| Trade debts | 44 | €3,106 | €280 | -€2,826 | -91.0% |
| Suppliers | 440/4 | €3,106 | €280 | -€2,826 | -91.0% |
| Taxes, remuneration and social security | 45 | €2,515 | €2,137 | -€378 | -15.0% |
| Taxes | 450/3 | €2,515 | €2,137 | -€378 | -15.0% |
| Other amounts payable | 47/48 | €55,483 | €166,008 | +€110,525 | +199% |
| Accrued charges and deferred income | 492/3 | €139 | €2,395 | +€2,256 | +1,623% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €180 | €0 | -€180 | -100% |
| Other operating charges | 640/8 | €2,786 | €3,273 | +€487 | +17.5% |
| Gross operating margin | 9900 | €33,046 | €32,301 | -€744 | -2.3% |
| Operating profit (loss) | 9901 | €30,080 | €29,029 | -€1,051 | -3.5% |
| Financial income | 75/76B | €1,124 | €1,121 | -€3 | -0.3% |
| Recurring financial income | 75 | €1,124 | €1,121 | -€3 | -0.3% |
| Financial charges | 65/66B | €154 | €2,429 | +€2,275 | +1,472% |
| Recurring financial charges | 65 | €154 | €2,429 | +€2,275 | +1,472% |
| Profit (loss) for the period before taxes | 9903 | €31,049 | €27,721 | -€3,329 | -10.7% |
| Income taxes | 67/77 | €3,255 | €9,176 | +€5,922 | +182% |
| Profit (loss) for the period | 9904 | €27,795 | €18,544 | -€9,250 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,795 | €18,544 | -€9,250 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.