Shore: 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.
Shore
Largest movements
- Cash +€14,510
up €14,510 (+26.7%), from €54,375 to €68,885
mainly Net result for the year (+€40,413) and Tax, wage and social debts (+€6,411)
- Current investments +€6,156
up €6,156 (+20.1%), from €30,676 to €36,832
- Receivables within one year +€5,629
up €5,629 (+47.2%), from €11,931 to €17,560
- Tangible fixed assets +€2,231
up €2,231 (+24.0%), from €9,298 to €11,528
of which Land and buildings: +€2,991
- Reserves +€33,300
up €33,300 (+55.1%), from €60,386 to €93,686
- Other debts -€9,073
down €9,073 (-50.1%), from €18,127 to €9,054
- Tax, wage and social debts +€6,411
up €6,411 (+63.4%), from €10,112 to €16,523
of which Taxes: +€3,464
- Trade debts -€2,126
down €2,126 (-76.8%), from €2,766 to €641
- Gross operating margin +€32,446
up €32,446 (+115.7%), from €28,035 to €60,480
- Taxes +€9,262
up €9,262 (+132.4%), from €6,996 to €16,258
- Depreciation +€642
up €642 (+18.2%), from €3,520 to €4,161
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 | €106,280 | €134,805 | +€28,525 | +26.8% |
| Fixed assets | 21/28 | €9,298 | €11,528 | +€2,231 | +24.0% |
| Tangible fixed assets | 22/27 | €9,298 | €11,528 | +€2,231 | +24.0% |
| Land and buildings | 22 | €922 | €3,914 | +€2,991 | +324.3% |
| Plant, machinery and equipment | 23 | €2,198 | €2,566 | +€368 | +16.7% |
| Furniture and vehicles | 24 | €6,178 | €5,049 | -€1,129 | -18.3% |
| Current assets | 29/58 | €96,982 | €123,276 | +€26,295 | +27.1% |
| Amounts receivable within one year | 40/41 | €11,931 | €17,560 | +€5,629 | +47.2% |
| Trade receivables | 40 | €11,931 | €17,560 | +€5,629 | +47.2% |
| Current investments | 50/53 | €30,676 | €36,832 | +€6,156 | +20.1% |
| Cash at bank and in hand | 54/58 | €54,375 | €68,885 | +€14,510 | +26.7% |
| Total equity and liabilities | 10/49 | €106,280 | €134,805 | +€28,525 | +26.8% |
| Equity | 10/15 | €75,274 | €108,587 | +€33,313 | +44.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,386 | €93,686 | +€33,300 | +55.1% |
| Distributable reserves | 133 | €60,386 | €93,686 | +€33,300 | +55.1% |
| Profit (loss) carried forward | 14 | €2,487 | €2,501 | +€13 | +0.5% |
| Amounts payable | 17/49 | €31,006 | €26,218 | -€4,788 | -15.4% |
| Amounts payable within one year | 42/48 | €31,006 | €26,218 | -€4,788 | -15.4% |
| Trade debts | 44 | €2,766 | €641 | -€2,126 | -76.8% |
| Suppliers | 440/4 | €2,766 | €641 | -€2,126 | -76.8% |
| Taxes, remuneration and social security | 45 | €10,112 | €16,523 | +€6,411 | +63.4% |
| Taxes | 450/3 | €10,112 | €13,576 | +€3,464 | +34.3% |
| Remuneration and social security | 454/9 | - | €2,946 | +€2,946 | |
| Other amounts payable | 47/48 | €18,127 | €9,054 | -€9,073 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,520 | €4,161 | +€642 | +18.2% |
| Other operating charges | 640/8 | €404 | €150 | -€254 | -62.8% |
| Gross operating margin | 9900 | €28,035 | €60,480 | +€32,446 | +115.7% |
| Operating profit (loss) | 9901 | €24,111 | €56,169 | +€32,058 | +133.0% |
| Financial income | 75/76B | €225 | €611 | +€385 | +170.8% |
| Recurring financial income | 75 | €225 | €611 | +€385 | +170.8% |
| Financial charges | 65/66B | €152 | €108 | -€44 | -28.7% |
| Recurring financial charges | 65 | €152 | €108 | -€44 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €24,185 | €56,671 | +€32,487 | +134.3% |
| Income taxes | 67/77 | €6,996 | €16,258 | +€9,262 | +132.4% |
| Profit (loss) for the period | 9904 | €17,189 | €40,413 | +€23,224 | +135.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,189 | €40,413 | +€23,224 | +135.1% |
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.