SHUKATI: what changed
Two fiscal 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.
SHUKATI
Largest movements
- Receivables within one year +€107,853
up €107,853 (+184.0%), from €58,626 to €166,479
of which Trade receivables: +€149,419
- Cash +€66,092
up €66,092 (+877.7%), from €7,530 to €73,622
mainly Net result for the year (+€96,561) and Depreciation (+€32,820)
- Tangible fixed assets -€13,947
down €13,947 (-18.5%), from €75,521 to €61,574
of which Furniture and vehicles: -€19,616
- Profit (loss) carried forward +€96,561
up €96,561 (+148.5%), from €65,009 to €161,570
- Other debts +€25,694
new in 2025: €25,694
- Tax, wage and social debts +€23,042
up €23,042 (+62.5%), from €36,853 to €59,896
of which Taxes: +€20,715
- Trade debts +€14,701
up €14,701 (+36.1%), from €40,715 to €55,415
- Gross operating margin +€160,284
up €160,284 (+54.7%), from €292,917 to €453,201
- Staff costs +€47,181
up €47,181 (+22.5%), from €209,297 to €256,478
- Financial charges +€26,962
up €26,962 (+208.6%), from €12,923 to €39,885
- Other operating charges +€17,848
up €17,848 (+185.5%), from €9,620 to €27,468
- Depreciation +€13,599
up €13,599 (+70.8%), from €19,220 to €32,820
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 | €144,077 | €304,075 | +€159,998 | +111.1% |
| Fixed assets | 21/28 | €77,921 | €63,974 | -€13,947 | -17.9% |
| Tangible fixed assets | 22/27 | €75,521 | €61,574 | -€13,947 | -18.5% |
| Plant, machinery and equipment | 23 | €9,008 | €14,677 | +€5,669 | +62.9% |
| Furniture and vehicles | 24 | €66,513 | €46,897 | -€19,616 | -29.5% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €66,156 | €240,101 | +€173,945 | +262.9% |
| Amounts receivable within one year | 40/41 | €58,626 | €166,479 | +€107,853 | +184.0% |
| Trade receivables | 40 | €636 | €150,055 | +€149,419 | +23493.6% |
| Other amounts receivable | 41 | €57,990 | €16,424 | -€41,566 | -71.7% |
| Cash at bank and in hand | 54/58 | €7,530 | €73,622 | +€66,092 | +877.7% |
| Total equity and liabilities | 10/49 | €144,077 | €304,075 | +€159,998 | +111.1% |
| Equity | 10/15 | €66,509 | €163,070 | +€96,561 | +145.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | - | €1,500 | +€1,500 | |
| Issued capital | 100 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | €65,009 | €161,570 | +€96,561 | +148.5% |
| Amounts payable | 17/49 | €77,568 | €141,005 | +€63,437 | +81.8% |
| Amounts payable within one year | 42/48 | €77,568 | €141,005 | +€63,437 | +81.8% |
| Trade debts | 44 | €40,715 | €55,415 | +€14,701 | +36.1% |
| Suppliers | 440/4 | €40,715 | €55,415 | +€14,701 | +36.1% |
| Taxes, remuneration and social security | 45 | €36,853 | €59,896 | +€23,042 | +62.5% |
| Taxes | 450/3 | €18,572 | €39,288 | +€20,715 | +111.5% |
| Remuneration and social security | 454/9 | €18,281 | €20,608 | +€2,327 | +12.7% |
| Other amounts payable | 47/48 | - | €25,694 | +€25,694 | |
| Remuneration, social security and pensions | 62 | €209,297 | €256,478 | +€47,181 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,220 | €32,820 | +€13,599 | +70.8% |
| Other operating charges | 640/8 | €9,620 | €27,468 | +€17,848 | +185.5% |
| Gross operating margin | 9900 | €292,917 | €453,201 | +€160,284 | +54.7% |
| Operating profit (loss) | 9901 | €54,780 | €136,436 | +€81,656 | +149.1% |
| Financial income | 75/76B | €204 | €10 | -€195 | -95.3% |
| Recurring financial income | 75 | €204 | €10 | -€195 | -95.3% |
| Financial charges | 65/66B | €12,923 | €39,885 | +€26,962 | +208.6% |
| Recurring financial charges | 65 | €12,923 | €39,885 | +€26,962 | +208.6% |
| Profit (loss) for the period before taxes | 9903 | €42,062 | €96,561 | +€54,499 | +129.6% |
| Profit (loss) for the period | 9904 | €42,062 | €96,561 | +€54,499 | +129.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,062 | €96,561 | +€54,499 | +129.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.