SHOREDITCH: 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.
SHOREDITCH
Largest movements
- Tangible fixed assets -€119,242
down €119,242 (-23.7%), from €503,332 to €384,090
of which Other tangible fixed assets: -€97,863
- Cash +€26,519
up €26,519 (+25.0%), from €105,972 to €132,491
mainly Depreciation (+€131,478) and Net result for the year (+€44,415)
- Receivables within one year -€16,616
down €16,616 (-81.4%), from €20,407 to €3,791
of which Trade receivables: -€17,952
- Debts after one year -€145,543
down €145,543 (-79.7%), from €182,612 to €37,069
- Profit (loss) carried forward +€44,415
up €44,415 (+7.8%), from -€571,187 to -€526,772
- Other debts +€9,557
up €9,557 (+5.1%), from €187,733 to €197,291
- Tax, wage and social debts -€8,655
down €8,655 (-10.8%), from €80,253 to €71,598
of which Remuneration and social security: -€9,302
- Short-term financial debts -€8,142
down €8,142 (-89.5%), from €9,094 to €951
- Other operating charges -€13,426
down €13,426 (-38.8%), from €34,613 to €21,187
- Gross operating margin +€12,352
up €12,352 (+1.8%), from €676,570 to €688,922
- Staff costs -€8,504
down €8,504 (-1.8%), from €477,217 to €468,714
- Financial charges -€8,329
down €8,329 (-26.3%), from €31,624 to €23,294
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 | €679,088 | €572,582 | -€106,506 | -15.7% |
| Fixed assets | 21/28 | €503,332 | €384,090 | -€119,242 | -23.7% |
| Tangible fixed assets | 22/27 | €503,332 | €384,090 | -€119,242 | -23.7% |
| Plant, machinery and equipment | 23 | €110,354 | €79,797 | -€30,557 | -27.7% |
| Furniture and vehicles | 24 | €2,002 | €11,180 | +€9,178 | +458% |
| Other tangible fixed assets | 26 | €390,976 | €293,113 | -€97,863 | -25.0% |
| Current assets | 29/58 | €175,756 | €188,492 | +€12,736 | +7.2% |
| Stocks and contracts in progress | 3 | €38,850 | €41,321 | +€2,471 | +6.4% |
| Stocks | 30/36 | €38,850 | €41,321 | +€2,471 | +6.4% |
| Amounts receivable within one year | 40/41 | €20,407 | €3,791 | -€16,616 | -81.4% |
| Trade receivables | 40 | €20,190 | €2,238 | -€17,952 | -88.9% |
| Other amounts receivable | 41 | €216 | €1,552 | +€1,336 | +617% |
| Cash at bank and in hand | 54/58 | €105,972 | €132,491 | +€26,519 | +25.0% |
| Deferred charges and accrued income | 490/1 | €10,527 | €10,889 | +€362 | +3.4% |
| Total equity and liabilities | 10/49 | €679,088 | €572,582 | -€106,506 | -15.7% |
| Equity | 10/15 | -€346,187 | -€301,772 | +€44,415 | +12.8% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€571,187 | -€526,772 | +€44,415 | +7.8% |
| Amounts payable | 17/49 | €1,025,275 | €874,354 | -€150,921 | -14.7% |
| Amounts payable after more than one year | 17 | €182,612 | €37,069 | -€145,543 | -79.7% |
| Financial debts | 170/4 | €182,612 | €37,069 | -€145,543 | -79.7% |
| Amounts payable within one year | 42/48 | €842,663 | €837,285 | -€5,378 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €144,958 | €151,851 | +€6,893 | +4.8% |
| Financial debts | 43 | €9,094 | €951 | -€8,142 | -89.5% |
| Credit institutions | 430/8 | €9,094 | €951 | -€8,142 | -89.5% |
| Trade debts | 44 | €351,298 | €353,030 | +€1,732 | +0.5% |
| Suppliers | 440/4 | €351,298 | €353,030 | +€1,732 | +0.5% |
| Advances received on contracts in progress | 46 | €69,327 | €62,564 | -€6,763 | -9.8% |
| Taxes, remuneration and social security | 45 | €80,253 | €71,598 | -€8,655 | -10.8% |
| Taxes | 450/3 | €14,775 | €15,422 | +€647 | +4.4% |
| Remuneration and social security | 454/9 | €65,478 | €56,175 | -€9,302 | -14.2% |
| Other amounts payable | 47/48 | €187,733 | €197,291 | +€9,557 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €477,217 | €468,714 | -€8,504 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,232 | €131,478 | -€754 | -0.6% |
| Other operating charges | 640/8 | €34,613 | €21,187 | -€13,426 | -38.8% |
| Gross operating margin | 9900 | €676,570 | €688,922 | +€12,352 | +1.8% |
| Operating profit (loss) | 9901 | €32,507 | €67,543 | +€35,035 | +108% |
| Financial income | 75/76B | €118 | €166 | +€48 | +41.1% |
| Recurring financial income | 75 | €118 | €166 | +€48 | +41.1% |
| Financial charges | 65/66B | €31,624 | €23,294 | -€8,329 | -26.3% |
| Recurring financial charges | 65 | €31,624 | €23,294 | -€8,329 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €1,002 | €44,415 | +€43,413 | +4,334% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,002 | €44,415 | +€43,413 | +4,334% |
| Profit (loss) for the period to be appropriated | 9905 | €1,002 | €44,415 | +€43,413 | +4,334% |
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.