SHOP PROJECT: 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.
SHOP PROJECT
Largest movements
- Receivables within one year +€73,250
up €73,250 (+1,048%), from €6,987 to €80,237
of which Trade receivables: +€72,000
- Tangible fixed assets -€27,822
down €27,822 (-3.4%), from €813,626 to €785,805
of which Land and buildings: -€27,208
- Other debts +€62,409
up €62,409 (+72.7%), from €85,844 to €148,253
- Debts after one year -€40,447
down €40,447 (-25.1%), from €161,239 to €120,792
of which Other amounts payable: -€143,284
- Current portion of long-term debt +€32,908
new in 2025: €32,908
- Financial charges -€566,044
down €566,044 (-98.8%), from €573,008 to €6,964
of which Non-recurring financial charges: -€571,588
- Gross operating margin -€7,545
down €7,545 (-12.2%), from €62,036 to €54,491
- Other operating charges -€4,785
down €4,785 (-60.3%), from €7,939 to €3,154
- Taxes -€2,007
down €2,007 (-38.5%), from €5,215 to €3,208
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 | €1,423,816 | €1,480,234 | +€56,418 | +4.0% |
| Fixed assets | 21/28 | €1,413,626 | €1,385,805 | -€27,822 | -2.0% |
| Tangible fixed assets | 22/27 | €813,626 | €785,805 | -€27,822 | -3.4% |
| Land and buildings | 22 | €791,195 | €763,987 | -€27,208 | -3.4% |
| Plant, machinery and equipment | 23 | €4,687 | €4,549 | -€138 | -2.9% |
| Furniture and vehicles | 24 | €17,744 | €17,269 | -€476 | -2.7% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €10,190 | €94,430 | +€84,240 | +827% |
| Amounts receivable within one year | 40/41 | €6,987 | €80,237 | +€73,250 | +1,048% |
| Trade receivables | 40 | - | €72,000 | +€72,000 | |
| Other amounts receivable | 41 | €6,987 | €8,237 | +€1,250 | +17.9% |
| Cash at bank and in hand | 54/58 | €2,402 | €5,142 | +€2,740 | +114% |
| Deferred charges and accrued income | 490/1 | €800 | €9,050 | +€8,250 | +1,031% |
| Total equity and liabilities | 10/49 | €1,423,816 | €1,480,234 | +€56,418 | +4.0% |
| Equity | 10/15 | €1,140,225 | €1,146,931 | +€6,706 | +0.6% |
| Contributions | 10/11 | €1,071,751 | €1,071,751 | = | 0.0% |
| Contributions outside capital | 11 | €1,071,751 | €1,071,751 | = | 0.0% |
| Other | 1109/19 | €1,071,751 | €1,071,751 | = | 0.0% |
| Reserves | 13 | €68,474 | €75,181 | +€6,706 | +9.8% |
| Non-distributable reserves | 130/1 | €14,065 | €14,065 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,065 | €14,065 | = | 0.0% |
| Distributable reserves | 133 | €54,409 | €61,115 | +€6,706 | +12.3% |
| Amounts payable | 17/49 | €283,591 | €333,303 | +€49,712 | +17.5% |
| Amounts payable after more than one year | 17 | €161,239 | €120,792 | -€40,447 | -25.1% |
| Financial debts | 170/4 | - | €102,837 | +€102,837 | |
| Other amounts payable | 178/9 | €161,239 | €17,956 | -€143,284 | -88.9% |
| Amounts payable within one year | 42/48 | €122,351 | €212,510 | +€90,159 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | - | €32,908 | +€32,908 | |
| Trade debts | 44 | €13,478 | €14,927 | +€1,449 | +10.7% |
| Suppliers | 440/4 | €13,478 | €14,927 | +€1,449 | +10.7% |
| Taxes, remuneration and social security | 45 | €23,029 | €16,422 | -€6,607 | -28.7% |
| Taxes | 450/3 | €19,029 | €8,422 | -€10,607 | -55.7% |
| Remuneration and social security | 454/9 | €4,000 | €8,000 | +€4,000 | +100% |
| Other amounts payable | 47/48 | €85,844 | €148,253 | +€62,409 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,416 | €34,458 | +€43 | +0.1% |
| Other operating charges | 640/8 | €7,939 | €3,154 | -€4,785 | -60.3% |
| Gross operating margin | 9900 | €62,036 | €54,491 | -€7,545 | -12.2% |
| Operating profit (loss) | 9901 | €19,681 | €16,878 | -€2,803 | -14.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €573,008 | €6,964 | -€566,044 | -98.8% |
| Recurring financial charges | 65 | €1,420 | €6,964 | +€5,544 | +391% |
| Non-recurring financial charges | 66B | €571,588 | - | -€571,588 | |
| Profit (loss) for the period before taxes | 9903 | -€553,326 | €9,914 | +€563,240 | |
| Income taxes | 67/77 | €5,215 | €3,208 | -€2,007 | -38.5% |
| Profit (loss) for the period | 9904 | -€558,541 | €6,706 | +€565,247 | |
| Profit (loss) for the period to be appropriated | 9905 | -€558,541 | €6,706 | +€565,247 |
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 27 October 2026 via checked.be.