SHOGUN SERVICES: 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.
SHOGUN SERVICES
Largest movements
- Receivables within one year -€28,941
down €28,941 (-52.1%), from €55,588 to €26,646
of which Trade receivables: -€23,153
- Current investments +€9,750
new in 2024: €9,750
- Tangible fixed assets -€9,548
down €9,548 (-50.3%), from €18,972 to €9,424
of which Furniture and vehicles: -€13,167
- Deferred charges and accrued income -€3,720
down €3,720 (-87.6%), from €4,247 to €527
- Intangible fixed assets -€1,874
down €1,874 (-10.5%), from €17,801 to €15,927
- Profit (loss) carried forward -€52,473
new in 2024: -€52,473
- Short-term financial debts +€9,901
new in 2024: €9,901
- Tax, wage and social debts +€4,504
up €4,504 (+317%), from €1,421 to €5,925
of which Taxes: +€3,004
- Debts after one year -€3,087
down €3,087 (-39.7%), from €7,781 to €4,694
- Current portion of long-term debt +€2,800
up €2,800 (+57.6%), from €4,863 to €7,664
- Gross operating margin -€70,697
down €70,697, from €40,499 to -€30,199
- Staff costs -€4,873
down €4,873 (-90.7%), from €5,372 to €499
- Taxes -€2,587
no longer reported in 2024 (was €2,587)
- Financial charges +€2,180
up €2,180 (+130%), from €1,679 to €3,859
- Depreciation +€1,077
up €1,077 (+6.9%), from €15,595 to €16,672
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,838 | €82,307 | -€37,531 | -31.3% |
| Fixed assets | 21/28 | €40,073 | €28,651 | -€11,422 | -28.5% |
| Intangible fixed assets | 21 | €17,801 | €15,927 | -€1,874 | -10.5% |
| Tangible fixed assets | 22/27 | €18,972 | €9,424 | -€9,548 | -50.3% |
| Plant, machinery and equipment | 23 | €5,806 | €9,424 | +€3,618 | +62.3% |
| Furniture and vehicles | 24 | €13,167 | €0 | -€13,167 | -100% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €79,765 | €53,656 | -€26,109 | -32.7% |
| Amounts receivable after more than one year | 29 | €17,790 | €16,448 | -€1,341 | -7.5% |
| Other amounts receivable | 291 | €17,790 | €16,448 | -€1,341 | -7.5% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,588 | €26,646 | -€28,941 | -52.1% |
| Trade receivables | 40 | €44,295 | €21,143 | -€23,153 | -52.3% |
| Other amounts receivable | 41 | €11,292 | €5,504 | -€5,789 | -51.3% |
| Current investments | 50/53 | - | €9,750 | +€9,750 | |
| Cash at bank and in hand | 54/58 | €1,891 | €34 | -€1,856 | -98.2% |
| Deferred charges and accrued income | 490/1 | €4,247 | €527 | -€3,720 | -87.6% |
| Total equity and liabilities | 10/49 | €119,838 | €82,307 | -€37,531 | -31.3% |
| Equity | 10/15 | €101,660 | €49,187 | -€52,473 | -51.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,260 | €89,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,400 | €87,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€52,473 | -€52,473 | |
| Amounts payable | 17/49 | €18,178 | €33,120 | +€14,942 | +82.2% |
| Amounts payable after more than one year | 17 | €7,781 | €4,694 | -€3,087 | -39.7% |
| Financial debts | 170/4 | €7,781 | €4,694 | -€3,087 | -39.7% |
| Amounts payable within one year | 42/48 | €10,342 | €28,426 | +€18,084 | +175% |
| Current portion of amounts payable after more than one year | 42 | €4,863 | €7,664 | +€2,800 | +57.6% |
| Financial debts | 43 | - | €9,901 | +€9,901 | |
| Credit institutions | 430/8 | - | €9,901 | +€9,901 | |
| Trade debts | 44 | €3,918 | €3,545 | -€373 | -9.5% |
| Suppliers | 440/4 | €3,918 | €3,545 | -€373 | -9.5% |
| Taxes, remuneration and social security | 45 | €1,421 | €5,925 | +€4,504 | +317% |
| Taxes | 450/3 | €1,421 | €4,425 | +€3,004 | +211% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €139 | €1,391 | +€1,252 | +902% |
| Accrued charges and deferred income | 492/3 | €56 | - | -€56 | |
| Remuneration, social security and pensions | 62 | €5,372 | €499 | -€4,873 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,595 | €16,672 | +€1,077 | +6.9% |
| Other operating charges | 640/8 | €1,567 | €1,262 | -€305 | -19.5% |
| Gross operating margin | 9900 | €40,499 | -€30,199 | -€70,697 | |
| Operating profit (loss) | 9901 | €17,964 | -€48,632 | -€66,596 | |
| Financial income | 75/76B | €3 | €17 | +€14 | +420% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +420% |
| Financial charges | 65/66B | €1,679 | €3,859 | +€2,180 | +130% |
| Recurring financial charges | 65 | €1,679 | €3,859 | +€2,180 | +130% |
| Profit (loss) for the period before taxes | 9903 | €16,289 | -€52,473 | -€68,762 | |
| Income taxes | 67/77 | €2,587 | - | -€2,587 | |
| Profit (loss) for the period | 9904 | €13,702 | -€52,473 | -€66,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,702 | -€52,473 | -€66,175 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.