SHOWLAND: 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.
SHOWLAND
Largest movements
- Stocks and contracts -€15,270
down €15,270 (-43.1%), from €35,440 to €20,170
- Receivables within one year -€13,374
down €13,374 (-66.8%), from €20,010 to €6,636
of which Trade receivables: -€13,950
- Debts after one year -€105,655
down €105,655 (-35.2%), from €300,535 to €194,880
- Reserves +€48,604
up €48,604 (+147%), from €33,127 to €81,731
- Current portion of long-term debt +€22,378
up €22,378 (+57.1%), from €39,161 to €61,539
- Tax, wage and social debts +€5,092
up €5,092 (+37.5%), from €13,567 to €18,659
- Gross operating margin +€39,249
up €39,249 (+27.9%), from €140,531 to €179,780
- Depreciation +€22,406
up €22,406 (+30.5%), from €73,355 to €95,760
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 | €443,753 | €412,345 | -€31,408 | -7.1% |
| Fixed assets | 21/28 | €359,720 | €363,374 | +€3,654 | +1.0% |
| Tangible fixed assets | 22/27 | €359,450 | €363,104 | +€3,654 | +1.0% |
| Plant, machinery and equipment | 23 | €290,157 | €269,052 | -€21,105 | -7.3% |
| Furniture and vehicles | 24 | €69,293 | €94,051 | +€24,759 | +35.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €84,033 | €48,972 | -€35,062 | -41.7% |
| Stocks and contracts in progress | 3 | €35,440 | €20,170 | -€15,270 | -43.1% |
| Stocks | 30/36 | €35,440 | €20,170 | -€15,270 | -43.1% |
| Amounts receivable within one year | 40/41 | €20,010 | €6,636 | -€13,374 | -66.8% |
| Trade receivables | 40 | €20,000 | €6,050 | -€13,950 | -69.8% |
| Other amounts receivable | 41 | €10 | €586 | +€576 | +5,717% |
| Cash at bank and in hand | 54/58 | €24,280 | €21,454 | -€2,826 | -11.6% |
| Deferred charges and accrued income | 490/1 | €4,304 | €711 | -€3,593 | -83.5% |
| Total equity and liabilities | 10/49 | €443,753 | €412,345 | -€31,408 | -7.1% |
| Equity | 10/15 | €83,127 | €131,731 | +€48,604 | +58.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €33,127 | €81,731 | +€48,604 | +147% |
| Distributable reserves | 133 | €33,127 | €81,731 | +€48,604 | +147% |
| Amounts payable | 17/49 | €360,627 | €280,614 | -€80,013 | -22.2% |
| Amounts payable after more than one year | 17 | €300,535 | €194,880 | -€105,655 | -35.2% |
| Financial debts | 170/4 | €300,535 | €194,880 | -€105,655 | -35.2% |
| Amounts payable within one year | 42/48 | €60,091 | €85,734 | +€25,643 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €39,161 | €61,539 | +€22,378 | +57.1% |
| Trade debts | 44 | €7,272 | €5,224 | -€2,048 | -28.2% |
| Suppliers | 440/4 | €7,272 | €5,224 | -€2,048 | -28.2% |
| Taxes, remuneration and social security | 45 | €13,567 | €18,659 | +€5,092 | +37.5% |
| Taxes | 450/3 | €13,567 | €18,659 | +€5,092 | +37.5% |
| Other amounts payable | 47/48 | €91 | €312 | +€221 | +241% |
| Remuneration, social security and pensions | 62 | €965 | €0 | -€965 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,355 | €95,760 | +€22,406 | +30.5% |
| Other operating charges | 640/8 | €7,660 | €8,439 | +€780 | +10.2% |
| Gross operating margin | 9900 | €140,531 | €179,780 | +€39,249 | +27.9% |
| Operating profit (loss) | 9901 | €58,552 | €75,580 | +€17,028 | +29.1% |
| Financial income | 75/76B | €58 | €5 | -€53 | -91.4% |
| Recurring financial income | 75 | €58 | €5 | -€53 | -91.4% |
| Financial charges | 65/66B | €14,592 | €16,110 | +€1,519 | +10.4% |
| Recurring financial charges | 65 | €14,592 | €16,110 | +€1,519 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €44,019 | €59,475 | +€15,456 | +35.1% |
| Income taxes | 67/77 | €10,892 | €10,871 | -€21 | -0.2% |
| Profit (loss) for the period | 9904 | €33,127 | €48,604 | +€15,478 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,127 | €48,604 | +€15,478 | +46.7% |
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 18 October 2026 via checked.be.