SHREDTECH: 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.
SHREDTECH
Largest movements
- Tangible fixed assets -€21,206
down €21,206 (-6.9%), from €309,402 to €288,195
- Receivables within one year -€6,840
down €6,840 (-12.9%), from €52,962 to €46,121
- Trade debts -€29,156
down €29,156 (-98.9%), from €29,472 to €316
- Profit (loss) carried forward -€27,984
down €27,984 (-47.5%), from -€58,875 to -€86,859
- Accrued charges and deferred income +€15,915
up €15,915, from €0 to €15,915
- Other debts +€10,000
up €10,000 (+2.7%), from €368,571 to €378,571
- Financial charges +€5,903
up €5,903 (+80.5%), from €7,335 to €13,238
of which Non-recurring financial charges: +€7,044
- Gross operating margin +€2,476
up €2,476 (+17.2%), from €14,354 to €16,830
- Depreciation +€977
up €977 (+3.9%), from €25,213 to €26,189
- Other operating charges +€178
up €178 (+3.1%), from €5,715 to €5,892
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 | €366,261 | €336,267 | -€29,993 | -8.2% |
| Fixed assets | 21/28 | €309,402 | €288,195 | -€21,206 | -6.9% |
| Tangible fixed assets | 22/27 | €309,402 | €288,195 | -€21,206 | -6.9% |
| Land and buildings | 22 | €309,402 | €288,195 | -€21,206 | -6.9% |
| Current assets | 29/58 | €56,859 | €48,072 | -€8,787 | -15.5% |
| Amounts receivable within one year | 40/41 | €52,962 | €46,121 | -€6,840 | -12.9% |
| Other amounts receivable | 41 | €52,962 | €46,121 | -€6,840 | -12.9% |
| Cash at bank and in hand | 54/58 | €2,707 | €765 | -€1,942 | -71.7% |
| Deferred charges and accrued income | 490/1 | €1,190 | €1,186 | -€4 | -0.3% |
| Total equity and liabilities | 10/49 | €366,261 | €336,267 | -€29,993 | -8.2% |
| Equity | 10/15 | -€31,806 | -€59,790 | -€27,984 | -88.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,469 | €8,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,609 | €6,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,875 | -€86,859 | -€27,984 | -47.5% |
| Amounts payable | 17/49 | €398,066 | €396,057 | -€2,009 | -0.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €398,066 | €380,142 | -€17,925 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €29,472 | €316 | -€29,156 | -98.9% |
| Suppliers | 440/4 | €29,472 | €316 | -€29,156 | -98.9% |
| Taxes, remuneration and social security | 45 | €23 | €1,254 | +€1,232 | +5,409% |
| Taxes | 450/3 | €23 | €1,254 | +€1,232 | +5,409% |
| Other amounts payable | 47/48 | €368,571 | €378,571 | +€10,000 | +2.7% |
| Accrued charges and deferred income | 492/3 | €0 | €15,915 | +€15,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,213 | €26,189 | +€977 | +3.9% |
| Other operating charges | 640/8 | €5,715 | €5,892 | +€178 | +3.1% |
| Non-recurring operating charges | 66A | - | -€422 | -€422 | |
| Gross operating margin | 9900 | €14,354 | €16,830 | +€2,476 | +17.2% |
| Operating profit (loss) | 9901 | -€16,573 | -€14,830 | +€1,744 | +10.5% |
| Financial income | 75/76B | €0 | €83 | +€83 | |
| Recurring financial income | 75 | €0 | €83 | +€83 | |
| Financial charges | 65/66B | €7,335 | €13,238 | +€5,903 | +80.5% |
| Recurring financial charges | 65 | €7,335 | €6,194 | -€1,141 | -15.6% |
| Non-recurring financial charges | 66B | - | €7,044 | +€7,044 | |
| Profit (loss) for the period before taxes | 9903 | -€23,908 | -€27,984 | -€4,076 | -17.0% |
| Profit (loss) for the period | 9904 | -€23,908 | -€27,984 | -€4,076 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,908 | -€27,984 | -€4,076 | -17.0% |
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 14 October 2026 via checked.be.