Shortec: 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.
Shortec
Largest movements
- Receivables within one year +€4,967
up €4,967 (+15.0%), from €33,036 to €38,003
of which Trade receivables: +€5,022
- Cash +€2,728
up €2,728 (+5.1%), from €53,704 to €56,432
mainly Other debts (+€39,095) and Net result for the year (+€31,398)
- Tangible fixed assets -€1,628
down €1,628 (-34.0%), from €4,790 to €3,162
- Other debts +€39,095
up €39,095 (+125.2%), from €31,218 to €70,313
- Reserves -€23,239
down €23,239 (-100.0%), from €23,239 to €0
- Trade debts -€7,411
down €7,411 (-76.5%), from €9,693 to €2,282
- Tax, wage and social debts -€3,185
down €3,185 (-17.6%), from €18,080 to €14,896
of which Remuneration and social security: -€1,597
- Accrued charges and deferred income +€1,409
up €1,409, from €0 to €1,409
- Gross operating margin -€18,823
down €18,823 (-17.2%), from €109,240 to €90,417
- Taxes -€4,343
down €4,343 (-33.4%), from €13,019 to €8,676
- Staff costs +€2,866
up €2,866 (+6.9%), from €41,746 to €44,612
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 | €92,230 | €98,900 | +€6,670 | +7.2% |
| Fixed assets | 21/28 | €4,790 | €3,162 | -€1,628 | -34.0% |
| Tangible fixed assets | 22/27 | €4,790 | €3,162 | -€1,628 | -34.0% |
| Furniture and vehicles | 24 | €4,790 | €3,162 | -€1,628 | -34.0% |
| Current assets | 29/58 | €87,440 | €95,738 | +€8,298 | +9.5% |
| Amounts receivable within one year | 40/41 | €33,036 | €38,003 | +€4,967 | +15.0% |
| Trade receivables | 40 | €27,500 | €32,522 | +€5,022 | +18.3% |
| Other amounts receivable | 41 | €5,536 | €5,481 | -€55 | -1.0% |
| Cash at bank and in hand | 54/58 | €53,704 | €56,432 | +€2,728 | +5.1% |
| Deferred charges and accrued income | 490/1 | €700 | €1,303 | +€603 | +86.2% |
| Total equity and liabilities | 10/49 | €92,230 | €98,900 | +€6,670 | +7.2% |
| Equity | 10/15 | €33,239 | €10,000 | -€23,239 | -69.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,239 | €0 | -€23,239 | -100.0% |
| Distributable reserves | 133 | €23,239 | €0 | -€23,239 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,992 | €88,900 | +€29,909 | +50.7% |
| Amounts payable within one year | 42/48 | €58,992 | €87,491 | +€28,499 | +48.3% |
| Trade debts | 44 | €9,693 | €2,282 | -€7,411 | -76.5% |
| Suppliers | 440/4 | €9,693 | €2,282 | -€7,411 | -76.5% |
| Taxes, remuneration and social security | 45 | €18,080 | €14,896 | -€3,185 | -17.6% |
| Taxes | 450/3 | €13,040 | €11,453 | -€1,587 | -12.2% |
| Remuneration and social security | 454/9 | €5,040 | €3,443 | -€1,597 | -31.7% |
| Other amounts payable | 47/48 | €31,218 | €70,313 | +€39,095 | +125.2% |
| Accrued charges and deferred income | 492/3 | €0 | €1,409 | +€1,409 | |
| Remuneration, social security and pensions | 62 | €41,746 | €44,612 | +€2,866 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,482 | €1,628 | +€146 | +9.9% |
| Other operating charges | 640/8 | €602 | €543 | -€60 | -9.9% |
| Gross operating margin | 9900 | €109,240 | €90,417 | -€18,823 | -17.2% |
| Operating profit (loss) | 9901 | €65,410 | €43,634 | -€21,775 | -33.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,547 | €3,560 | +€1,013 | +39.8% |
| Recurring financial charges | 65 | €2,547 | €3,560 | +€1,013 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €62,863 | €40,074 | -€22,789 | -36.3% |
| Income taxes | 67/77 | €13,019 | €8,676 | -€4,343 | -33.4% |
| Profit (loss) for the period | 9904 | €49,844 | €31,398 | -€18,446 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,844 | €31,398 | -€18,446 | -37.0% |
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 10 October 2026 via checked.be.