SHOHEL: 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.
SHOHEL
Largest movements
- Cash -€55,638
down €55,638 (-92.5%), from €60,122 to €4,484
mainly Receivables within one year (-€49,698) and Stocks and contracts (-€5,210)
- Receivables within one year +€49,698
up €49,698 (+882%), from €5,638 to €55,335
of which Other amounts receivable: +€50,942
- Stocks and contracts +€5,210
up €5,210 (+195%), from €2,665 to €7,876
- Tax, wage and social debts -€1,481
down €1,481 (-87.3%), from €1,697 to €216
- Turnover -€72,302
down €72,302 (-41.5%), from €174,127 to €101,824
- Purchases and services -€54,556
down €54,556 (-35.6%), from €153,293 to €98,738
- Gross operating margin -€17,747
down €17,747 (-85.2%), from €20,833 to €3,087
- Other operating charges +€2,053
new in 2025: €2,053
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 | €68,466 | €67,735 | -€730 | -1.1% |
| Fixed assets | 21/28 | €40 | €40 | = | 0.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €68,426 | €67,695 | -€730 | -1.1% |
| Stocks and contracts in progress | 3 | €2,665 | €7,876 | +€5,210 | +195% |
| Stocks | 30/36 | €2,665 | €7,876 | +€5,210 | +195% |
| Amounts receivable within one year | 40/41 | €5,638 | €55,335 | +€49,698 | +882% |
| Trade receivables | 40 | €1,245 | €0 | -€1,245 | -100% |
| Other amounts receivable | 41 | €4,393 | €55,335 | +€50,942 | +1,160% |
| Cash at bank and in hand | 54/58 | €60,122 | €4,484 | -€55,638 | -92.5% |
| Total equity and liabilities | 10/49 | €68,466 | €67,735 | -€730 | -1.1% |
| Equity | 10/15 | €56,486 | €57,148 | +€662 | +1.2% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Contributions outside capital | 11 | €16,000 | €16,000 | = | 0.0% |
| Other | 1109/19 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €38,626 | €39,288 | +€662 | +1.7% |
| Amounts payable | 17/49 | €11,979 | €10,587 | -€1,392 | -11.6% |
| Amounts payable within one year | 42/48 | €11,979 | €10,587 | -€1,392 | -11.6% |
| Trade debts | 44 | €282 | €371 | +€89 | +31.4% |
| Suppliers | 440/4 | €282 | €371 | +€89 | +31.4% |
| Taxes, remuneration and social security | 45 | €1,697 | €216 | -€1,481 | -87.3% |
| Taxes | 450/3 | €1,697 | €216 | -€1,481 | -87.3% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Turnover | 70 | €174,127 | €101,824 | -€72,302 | -41.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €153,293 | €98,738 | -€54,556 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145 | - | -€145 | |
| Other operating charges | 640/8 | - | €2,053 | +€2,053 | |
| Non-recurring operating charges | 66A | €3,734 | - | -€3,734 | |
| Gross operating margin | 9900 | €20,833 | €3,087 | -€17,747 | -85.2% |
| Operating profit (loss) | 9901 | €16,954 | €1,034 | -€15,920 | -93.9% |
| Financial charges | 65/66B | €166 | €169 | +€3 | +1.7% |
| Recurring financial charges | 65 | €166 | €169 | +€3 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €16,788 | €865 | -€15,923 | -94.8% |
| Income taxes | 67/77 | €1,697 | €216 | -€1,481 | -87.3% |
| Profit (loss) for the period | 9904 | €15,091 | €649 | -€14,442 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,091 | €649 | -€14,442 | -95.7% |
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 17 October 2026 via checked.be.