SHOZAN: 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.
SHOZAN
Largest movements
- Cash +€318,997
up €318,997 (+3,668%), from €8,698 to €327,695
mainly Net result for the year (+€453,540) and Deferred charges and accrued income (+€200,827)
- Deferred charges and accrued income -€200,827
down €200,827 (-68.0%), from €295,447 to €94,620
- Receivables within one year -€37,494
down €37,494 (-13.4%), from €278,939 to €241,445
- Other debts +€74,284
up €74,284 (+13.2%), from €562,679 to €636,963
- Gross operating margin +€85,286
up €85,286 (+16.6%), from €514,332 to €599,618
- Taxes +€22,397
up €22,397 (+18.1%), from €123,555 to €145,952
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 | €583,084 | €663,760 | +€80,676 | +13.8% |
| Current assets | 29/58 | €583,084 | €663,760 | +€80,676 | +13.8% |
| Amounts receivable within one year | 40/41 | €278,939 | €241,445 | -€37,494 | -13.4% |
| Other amounts receivable | 41 | €278,939 | €241,445 | -€37,494 | -13.4% |
| Cash at bank and in hand | 54/58 | €8,698 | €327,695 | +€318,997 | +3,668% |
| Deferred charges and accrued income | 490/1 | €295,447 | €94,620 | -€200,827 | -68.0% |
| Total equity and liabilities | 10/49 | €583,084 | €663,760 | +€80,676 | +13.8% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €562,679 | €643,355 | +€80,676 | +14.3% |
| Amounts payable within one year | 42/48 | €562,679 | €643,355 | +€80,676 | +14.3% |
| Taxes, remuneration and social security | 45 | - | €6,393 | +€6,393 | |
| Taxes | 450/3 | - | €952 | +€952 | |
| Remuneration and social security | 454/9 | - | €5,441 | +€5,441 | |
| Other amounts payable | 47/48 | €562,679 | €636,963 | +€74,284 | +13.2% |
| Gross operating margin | 9900 | €514,332 | €599,618 | +€85,286 | +16.6% |
| Operating profit (loss) | 9901 | €514,332 | €599,618 | +€85,286 | +16.6% |
| Financial charges | 65/66B | €113 | €125 | +€12 | +11.0% |
| Recurring financial charges | 65 | €113 | €125 | +€12 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €514,219 | €599,492 | +€85,273 | +16.6% |
| Income taxes | 67/77 | €123,555 | €145,952 | +€22,397 | +18.1% |
| Profit (loss) for the period | 9904 | €390,664 | €453,540 | +€62,876 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €390,664 | €453,540 | +€62,876 | +16.1% |
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 17 October 2026 via checked.be.