SHOOT AND SHOT: 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.
SHOOT AND SHOT
Largest movements
- Receivables within one year +€37,334
up €37,334 (+89.8%), from €41,578 to €78,911
of which Other amounts receivable: +€36,929
- Tangible fixed assets -€18,149
down €18,149 (-10.0%), from €181,557 to €163,407
of which Assets under construction and advance payments: -€118,516
- Cash +€10,635
up €10,635 (+99.0%), from €10,740 to €21,375
mainly Net result for the year (+€65,951) and Depreciation (+€19,950)
- Reserves +€65,951
up €65,951 (+86.8%), from €75,964 to €141,915
of which Distributable reserves: +€65,951
- Debts after one year -€20,981
down €20,981 (-19.6%), from €107,201 to €86,220
- Tax, wage and social debts -€11,358
down €11,358 (-66.1%), from €17,171 to €5,813
- Gross operating margin +€64,461
up €64,461 (+107%), from €60,480 to €124,940
- Taxes +€15,245
up €15,245 (+105%), from €14,529 to €29,774
- Depreciation +€4,368
up €4,368 (+28.0%), from €15,582 to €19,950
- Financial charges +€1,846
up €1,846 (+54.6%), from €3,380 to €5,226
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 | €234,064 | €263,883 | +€29,819 | +12.7% |
| Fixed assets | 21/28 | €181,747 | €163,597 | -€18,149 | -10.0% |
| Tangible fixed assets | 22/27 | €181,557 | €163,407 | -€18,149 | -10.0% |
| Land and buildings | 22 | €47,200 | €149,969 | +€102,769 | +218% |
| Furniture and vehicles | 24 | €15,841 | €13,438 | -€2,403 | -15.2% |
| Assets under construction and advance payments | 27 | €118,516 | - | -€118,516 | |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €52,317 | €100,286 | +€47,969 | +91.7% |
| Amounts receivable within one year | 40/41 | €41,578 | €78,911 | +€37,334 | +89.8% |
| Trade receivables | 40 | €35,614 | €36,018 | +€404 | +1.1% |
| Other amounts receivable | 41 | €5,964 | €42,893 | +€36,929 | +619% |
| Cash at bank and in hand | 54/58 | €10,740 | €21,375 | +€10,635 | +99.0% |
| Total equity and liabilities | 10/49 | €234,064 | €263,883 | +€29,819 | +12.7% |
| Equity | 10/15 | €82,211 | €148,162 | +€65,951 | +80.2% |
| Contributions | 10/11 | €6,247 | €6,247 | = | 0.0% |
| Reserves | 13 | €75,964 | €141,915 | +€65,951 | +86.8% |
| 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 | €74,104 | €140,055 | +€65,951 | +89.0% |
| Amounts payable | 17/49 | €151,853 | €115,721 | -€36,132 | -23.8% |
| Amounts payable after more than one year | 17 | €107,201 | €86,220 | -€20,981 | -19.6% |
| Financial debts | 170/4 | €107,201 | €86,220 | -€20,981 | -19.6% |
| Amounts payable within one year | 42/48 | €42,995 | €29,501 | -€13,494 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €20,508 | €20,981 | +€473 | +2.3% |
| Trade debts | 44 | €5,316 | €2,707 | -€2,609 | -49.1% |
| Suppliers | 440/4 | €5,316 | €2,707 | -€2,609 | -49.1% |
| Taxes, remuneration and social security | 45 | €17,171 | €5,813 | -€11,358 | -66.1% |
| Taxes | 450/3 | €17,171 | €5,813 | -€11,358 | -66.1% |
| Accrued charges and deferred income | 492/3 | €1,656 | - | -€1,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,582 | €19,950 | +€4,368 | +28.0% |
| Other operating charges | 640/8 | €4,175 | €4,082 | -€93 | -2.2% |
| Gross operating margin | 9900 | €60,480 | €124,940 | +€64,461 | +107% |
| Operating profit (loss) | 9901 | €40,723 | €100,908 | +€60,186 | +148% |
| Financial income | 75/76B | €6 | €43 | +€37 | +610% |
| Recurring financial income | 75 | €6 | €43 | +€37 | +610% |
| Financial charges | 65/66B | €3,380 | €5,226 | +€1,846 | +54.6% |
| Recurring financial charges | 65 | €3,380 | €5,226 | +€1,846 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €37,348 | €95,725 | +€58,377 | +156% |
| Income taxes | 67/77 | €14,529 | €29,774 | +€15,245 | +105% |
| Profit (loss) for the period | 9904 | €22,819 | €65,951 | +€43,132 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €22,819 | €65,951 | +€43,132 | +189% |
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 22 October 2026 via checked.be.