SHOKUDO: 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.
SHOKUDO
Largest movements
- Stocks and contracts -€166,519
down €166,519 (-83.8%), from €198,706 to €32,187
- Receivables within one year +€97,080
up €97,080 (+11.2%), from €863,196 to €960,276
of which Other amounts receivable: +€118,664
- Cash -€70,636
down €70,636 (-17.3%), from €409,088 to €338,452
mainly Net result for the year (-€150,868) and Receivables within one year (-€97,080)
- Tangible fixed assets -€40,582
down €40,582 (-11.0%), from €369,539 to €328,957
of which Land and buildings: -€87,151
- Deferred charges and accrued income -€23,112
down €23,112 (-74.4%), from €31,050 to €7,938
- Reserves -€150,868
down €150,868 (-11.0%), from €1.4m to €1.2m
of which Distributable reserves: -€149,008
- Trade debts -€95,275
down €95,275 (-28.9%), from €329,806 to €234,531
of which Suppliers: -€107,546
- Debts after one year +€34,981
up €34,981 (+211%), from €16,546 to €51,527
- Staff costs +€153,831
up €153,831 (+20.9%), from €736,400 to €890,230
- Gross operating margin -€127,567
down €127,567 (-12.3%), from €1.0m to €909,728
- Taxes -€62,489
down €62,489 (-80.5%), from €77,667 to €15,178
- Financial charges +€24,959
up €24,959 (+182%), from €13,704 to €38,663
- Depreciation +€17,361
up €17,361 (+16.4%), from €105,546 to €122,907
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 | €1,878,395 | €1,674,626 | -€203,769 | -10.8% |
| Fixed assets | 21/28 | €376,289 | €335,774 | -€40,516 | -10.8% |
| Tangible fixed assets | 22/27 | €369,539 | €328,957 | -€40,582 | -11.0% |
| Land and buildings | 22 | €87,151 | - | -€87,151 | |
| Plant, machinery and equipment | 23 | €79,714 | €91,671 | +€11,957 | +15.0% |
| Furniture and vehicles | 24 | €29,046 | €23,273 | -€5,774 | -19.9% |
| Other tangible fixed assets | 26 | €173,628 | €214,013 | +€40,385 | +23.3% |
| Financial fixed assets | 28 | €6,750 | €6,817 | +€67 | +1.0% |
| Current assets | 29/58 | €1,502,106 | €1,338,853 | -€163,253 | -10.9% |
| Stocks and contracts in progress | 3 | €198,706 | €32,187 | -€166,519 | -83.8% |
| Stocks | 30/36 | €198,706 | €32,187 | -€166,519 | -83.8% |
| Amounts receivable within one year | 40/41 | €863,196 | €960,276 | +€97,080 | +11.2% |
| Trade receivables | 40 | €641,246 | €619,662 | -€21,584 | -3.4% |
| Other amounts receivable | 41 | €221,950 | €340,614 | +€118,664 | +53.5% |
| Current investments | 50/53 | €67 | - | -€67 | |
| Cash at bank and in hand | 54/58 | €409,088 | €338,452 | -€70,636 | -17.3% |
| Deferred charges and accrued income | 490/1 | €31,050 | €7,938 | -€23,112 | -74.4% |
| Total equity and liabilities | 10/49 | €1,878,395 | €1,674,626 | -€203,769 | -10.8% |
| Equity | 10/15 | €1,384,927 | €1,234,059 | -€150,868 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,366,327 | €1,215,459 | -€150,868 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,364,467 | €1,215,459 | -€149,008 | -10.9% |
| Amounts payable | 17/49 | €493,468 | €440,567 | -€52,901 | -10.7% |
| Amounts payable after more than one year | 17 | €16,546 | €51,527 | +€34,981 | +211% |
| Financial debts | 170/4 | €16,546 | €51,527 | +€34,981 | +211% |
| Amounts payable within one year | 42/48 | €476,922 | €387,130 | -€89,792 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €21,182 | €30,804 | +€9,622 | +45.4% |
| Financial debts | 43 | - | €2,532 | +€2,532 | |
| Credit institutions | 430/8 | - | €2,532 | +€2,532 | |
| Trade debts | 44 | €329,806 | €234,531 | -€95,275 | -28.9% |
| Suppliers | 440/4 | €329,806 | €222,260 | -€107,546 | -32.6% |
| Bills of exchange payable | 441 | - | €12,272 | +€12,272 | |
| Taxes, remuneration and social security | 45 | €124,335 | €119,263 | -€5,072 | -4.1% |
| Taxes | 450/3 | €60,621 | €44,261 | -€16,360 | -27.0% |
| Remuneration and social security | 454/9 | €63,714 | €75,002 | +€11,287 | +17.7% |
| Other amounts payable | 47/48 | €1,599 | - | -€1,599 | |
| Accrued charges and deferred income | 492/3 | - | €1,910 | +€1,910 | |
| Non-recurring operating income | 76A | - | €9,310 | +€9,310 | |
| Remuneration, social security and pensions | 62 | €736,400 | €890,230 | +€153,831 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,546 | €122,907 | +€17,361 | +16.4% |
| Other operating charges | 640/8 | €2,593 | €4,507 | +€1,914 | +73.8% |
| Non-recurring operating charges | 66A | - | €972 | +€972 | |
| Gross operating margin | 9900 | €1,037,295 | €909,728 | -€127,567 | -12.3% |
| Operating profit (loss) | 9901 | €192,756 | -€108,888 | -€301,644 | |
| Financial income | 75/76B | €3,652 | €11,860 | +€8,208 | +225% |
| Recurring financial income | 75 | €3,652 | €11,860 | +€8,208 | +225% |
| Financial charges | 65/66B | €13,704 | €38,663 | +€24,959 | +182% |
| Recurring financial charges | 65 | €13,704 | €38,663 | +€24,959 | +182% |
| Profit (loss) for the period before taxes | 9903 | €182,705 | -€135,690 | -€318,395 | |
| Income taxes | 67/77 | €77,667 | €15,178 | -€62,489 | -80.5% |
| Profit (loss) for the period | 9904 | €105,038 | -€150,868 | -€255,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,038 | -€150,868 | -€255,906 |
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 20 October 2026 via checked.be.