SHOKO: what changed
Two fiscal 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.
SHOKO
Largest movements
- Cash -€22,662
down €22,662 (-26.4%), from €85,920 to €63,258
mainly Investment in fixed assets (net) (-€36,813) and Receivables within one year (-€20,644)
- Receivables within one year +€20,644
up €20,644 (+7.4%), from €280,275 to €300,919
- Tangible fixed assets +€13,516
up €13,516 (+21.8%), from €62,115 to €75,631
of which Furniture and vehicles: +€23,207
- Deferred charges and accrued income -€6,959
down €6,959 (-73.4%), from €9,481 to €2,522
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€52,227
down €52,227 (-24.4%), from €214,447 to €162,220
- Staff costs +€27,574
up €27,574 (+27.3%), from €100,977 to €128,551
- Taxes -€22,115
down €22,115 (-99.7%), from €22,186 to €70
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.
Cash bridge derived
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 | €452,809 | €456,847 | +€4,038 | +0.9% |
| Fixed assets | 21/28 | €63,816 | €76,773 | +€12,957 | +20.3% |
| Tangible fixed assets | 22/27 | €62,115 | €75,631 | +€13,516 | +21.8% |
| Land and buildings | 22 | €2,185 | €1,963 | -€222 | -10.2% |
| Plant, machinery and equipment | 23 | €37,824 | €31,268 | -€6,556 | -17.3% |
| Furniture and vehicles | 24 | €5,086 | €28,293 | +€23,207 | +456.3% |
| Other tangible fixed assets | 26 | €17,021 | €14,108 | -€2,912 | -17.1% |
| Financial fixed assets | 28 | €1,701 | €1,142 | -€559 | -32.9% |
| Current assets | 29/58 | €388,993 | €380,074 | -€8,919 | -2.3% |
| Stocks and contracts in progress | 3 | €13,318 | €13,375 | +€57 | +0.4% |
| Stocks | 30/36 | €13,318 | €13,375 | +€57 | +0.4% |
| Amounts receivable within one year | 40/41 | €280,275 | €300,919 | +€20,644 | +7.4% |
| Other amounts receivable | 41 | €280,275 | €300,919 | +€20,644 | +7.4% |
| Cash at bank and in hand | 54/58 | €85,920 | €63,258 | -€22,662 | -26.4% |
| Deferred charges and accrued income | 490/1 | €9,481 | €2,522 | -€6,959 | -73.4% |
| Total equity and liabilities | 10/49 | €452,809 | €456,847 | +€4,038 | +0.9% |
| Equity | 10/15 | €390,908 | €387,771 | -€3,137 | -0.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €244,807 | €244,807 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €235,807 | €235,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,101 | €52,964 | -€3,137 | -5.6% |
| Amounts payable | 17/49 | €61,901 | €69,076 | +€7,175 | +11.6% |
| Amounts payable within one year | 42/48 | €57,241 | €60,352 | +€3,111 | +5.4% |
| Trade debts | 44 | €12,162 | €13,305 | +€1,143 | +9.4% |
| Suppliers | 440/4 | €12,162 | €13,305 | +€1,143 | +9.4% |
| Advances received on contracts in progress | 46 | €1,020 | €5,483 | +€4,463 | +437.5% |
| Taxes, remuneration and social security | 45 | €44,059 | €41,068 | -€2,991 | -6.8% |
| Taxes | 450/3 | €30,731 | €26,718 | -€4,013 | -13.1% |
| Remuneration and social security | 454/9 | €13,328 | €14,350 | +€1,022 | +7.7% |
| Other amounts payable | 47/48 | - | €496 | +€496 | |
| Accrued charges and deferred income | 492/3 | €4,660 | €8,725 | +€4,065 | +87.2% |
| Remuneration, social security and pensions | 62 | €100,977 | €128,551 | +€27,574 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,340 | €23,856 | +€1,516 | +6.8% |
| Other operating charges | 640/8 | €4,989 | €6,338 | +€1,350 | +27.1% |
| Gross operating margin | 9900 | €214,447 | €162,220 | -€52,227 | -24.4% |
| Operating profit (loss) | 9901 | €86,142 | €3,475 | -€82,667 | -96.0% |
| Financial income | 75/76B | €148 | €13 | -€135 | -91.5% |
| Recurring financial income | 75 | €148 | €13 | -€135 | -91.5% |
| Financial charges | 65/66B | €4,863 | €6,555 | +€1,691 | +34.8% |
| Recurring financial charges | 65 | €4,863 | €6,555 | +€1,691 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €81,427 | -€3,067 | -€84,493 | |
| Income taxes | 67/77 | €22,186 | €70 | -€22,115 | -99.7% |
| Profit (loss) for the period | 9904 | €59,241 | -€3,137 | -€62,378 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,241 | -€3,137 | -€62,378 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.