Shukage: 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.
Shukage
Largest movements
- Receivables within one year -€28,738
down €28,738 (-86.5%), from €33,229 to €4,491
of which Trade receivables: -€28,210
- Tangible fixed assets +€2,161
new in 2025: €2,161
of which Furniture and vehicles: +€1,641
- Cash -€1,619
down €1,619 (-8.4%), from €19,229 to €17,611
mainly Advances received (-€29,598) and Investment in fixed assets (net) (-€2,380)
- Advances received -€29,598
down €29,598 (-97.9%), from €30,236 to €638
- Other debts -€1,393
no longer reported in 2025 (was €1,393)
- Tax, wage and social debts +€1,041
up €1,041 (+29.4%), from €3,544 to €4,585
- Profit (loss) carried forward +€889
new in 2025: €889
- Trade debts +€865
up €865 (+23.7%), from €3,659 to €4,524
- Gross operating margin -€14,308
down €14,308 (-88.5%), from €16,175 to €1,867
- Taxes -€2,720
down €2,720 (-78.1%), from €3,481 to €761
- Depreciation +€218
new in 2025: €218
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 | €52,459 | €24,263 | -€28,196 | -53.7% |
| Fixed assets | 21/28 | - | €2,161 | +€2,161 | |
| Tangible fixed assets | 22/27 | - | €2,161 | +€2,161 | |
| Plant, machinery and equipment | 23 | - | €520 | +€520 | |
| Furniture and vehicles | 24 | - | €1,641 | +€1,641 | |
| Current assets | 29/58 | €52,459 | €22,102 | -€30,357 | -57.9% |
| Amounts receivable within one year | 40/41 | €33,229 | €4,491 | -€28,738 | -86.5% |
| Trade receivables | 40 | €32,701 | €4,491 | -€28,210 | -86.3% |
| Other amounts receivable | 41 | €528 | - | -€528 | |
| Cash at bank and in hand | 54/58 | €19,229 | €17,611 | -€1,619 | -8.4% |
| Total equity and liabilities | 10/49 | €52,459 | €24,263 | -€28,196 | -53.7% |
| Equity | 10/15 | €13,627 | €14,517 | +€889 | +6.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,627 | €12,627 | = | 0.0% |
| Distributable reserves | 133 | €12,627 | €12,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €889 | +€889 | |
| Amounts payable | 17/49 | €38,831 | €9,747 | -€29,085 | -74.9% |
| Amounts payable within one year | 42/48 | €38,831 | €9,747 | -€29,085 | -74.9% |
| Trade debts | 44 | €3,659 | €4,524 | +€865 | +23.7% |
| Suppliers | 440/4 | €3,659 | €4,524 | +€865 | +23.7% |
| Advances received on contracts in progress | 46 | €30,236 | €638 | -€29,598 | -97.9% |
| Taxes, remuneration and social security | 45 | €3,544 | €4,585 | +€1,041 | +29.4% |
| Taxes | 450/3 | €3,544 | €4,585 | +€1,041 | +29.4% |
| Other amounts payable | 47/48 | €1,393 | - | -€1,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €218 | +€218 | |
| Gross operating margin | 9900 | €16,175 | €1,867 | -€14,308 | -88.5% |
| Operating profit (loss) | 9901 | €16,175 | €1,649 | -€14,527 | -89.8% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €67 | €57 | -€10 | -15.1% |
| Recurring financial charges | 65 | €67 | €57 | -€10 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €16,108 | €1,650 | -€14,458 | -89.8% |
| Income taxes | 67/77 | €3,481 | €761 | -€2,720 | -78.1% |
| Profit (loss) for the period | 9904 | €12,627 | €889 | -€11,738 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,627 | €889 | -€11,738 | -93.0% |
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 18 October 2026 via checked.be.