SHUZ.63: 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.
SHUZ.63
Largest movements
- Cash +€162,849
up €162,849 (+138%), from €118,246 to €281,095
mainly Net result for the year (+€168,363) and Other debts (+€83,738)
- Receivables within one year -€38,719
down €38,719 (-19.3%), from €200,253 to €161,534
of which Trade receivables: -€35,496
- Tangible fixed assets -€17,803
down €17,803 (-6.4%), from €278,610 to €260,807
of which Leasing and similar rights: -€10,008
- Stocks and contracts +€12,472
up €12,472 (+15.8%), from €78,752 to €91,223
- Other debts +€83,738
up €83,738 (+682%), from €12,283 to €96,021
- Reserves +€72,343
up €72,343 (+18.9%), from €381,884 to €454,226
- Debts after one year -€27,744
down €27,744 (-17.6%), from €157,989 to €130,244
- Trade debts -€13,634
down €13,634 (-33.7%), from €40,443 to €26,808
- Staff costs +€13,134
new in 2025: €13,134
- Gross operating margin -€6,187
down €6,187 (-1.6%), from €384,475 to €378,287
- Taxes -€5,717
down €5,717 (-6.9%), from €82,414 to €76,697
- Financial charges -€5,326
down €5,326 (-5.7%), from €93,988 to €88,662
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 | €699,758 | €813,253 | +€113,495 | +16.2% |
| Fixed assets | 21/28 | €278,610 | €260,807 | -€17,803 | -6.4% |
| Tangible fixed assets | 22/27 | €278,610 | €260,807 | -€17,803 | -6.4% |
| Land and buildings | 22 | €211,571 | €205,291 | -€6,280 | -3.0% |
| Plant, machinery and equipment | 23 | €22,722 | €24,557 | +€1,835 | +8.1% |
| Furniture and vehicles | 24 | €14,156 | €10,806 | -€3,350 | -23.7% |
| Leasing and similar rights | 25 | €30,160 | €20,152 | -€10,008 | -33.2% |
| Current assets | 29/58 | €421,148 | €552,446 | +€131,298 | +31.2% |
| Stocks and contracts in progress | 3 | €78,752 | €91,223 | +€12,472 | +15.8% |
| Stocks | 30/36 | €78,752 | €91,223 | +€12,472 | +15.8% |
| Amounts receivable within one year | 40/41 | €200,253 | €161,534 | -€38,719 | -19.3% |
| Trade receivables | 40 | €187,077 | €151,581 | -€35,496 | -19.0% |
| Other amounts receivable | 41 | €13,176 | €9,953 | -€3,223 | -24.5% |
| Cash at bank and in hand | 54/58 | €118,246 | €281,095 | +€162,849 | +138% |
| Deferred charges and accrued income | 490/1 | €23,898 | €18,594 | -€5,304 | -22.2% |
| Total equity and liabilities | 10/49 | €699,758 | €813,253 | +€113,495 | +16.2% |
| Equity | 10/15 | €409,084 | €481,426 | +€72,343 | +17.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €381,884 | €454,226 | +€72,343 | +18.9% |
| Distributable reserves | 133 | €381,884 | €454,226 | +€72,343 | +18.9% |
| Amounts payable | 17/49 | €290,674 | €331,827 | +€41,153 | +14.2% |
| Amounts payable after more than one year | 17 | €157,989 | €130,244 | -€27,744 | -17.6% |
| Financial debts | 170/4 | €157,989 | €130,244 | -€27,744 | -17.6% |
| Amounts payable within one year | 42/48 | €132,686 | €201,583 | +€68,897 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €35,096 | €27,744 | -€7,351 | -20.9% |
| Trade debts | 44 | €40,443 | €26,808 | -€13,634 | -33.7% |
| Suppliers | 440/4 | €40,443 | €26,808 | -€13,634 | -33.7% |
| Advances received on contracts in progress | 46 | - | €76 | +€76 | |
| Taxes, remuneration and social security | 45 | €44,865 | €50,933 | +€6,068 | +13.5% |
| Taxes | 450/3 | €44,843 | €48,839 | +€3,996 | +8.9% |
| Remuneration and social security | 454/9 | €22 | €2,094 | +€2,072 | +9,507% |
| Other amounts payable | 47/48 | €12,283 | €96,021 | +€83,738 | +682% |
| Non-recurring operating income | 76A | €60 | - | -€60 | |
| Remuneration, social security and pensions | 62 | - | €13,134 | +€13,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,433 | €30,865 | +€2,433 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,208 | -€1,208 | |
| Other operating charges | 640/8 | €2,916 | €3,307 | +€391 | +13.4% |
| Gross operating margin | 9900 | €384,475 | €378,287 | -€6,187 | -1.6% |
| Operating profit (loss) | 9901 | €353,126 | €332,191 | -€20,936 | -5.9% |
| Financial income | 75/76B | €3,238 | €1,532 | -€1,705 | -52.7% |
| Recurring financial income | 75 | €3,238 | €1,532 | -€1,705 | -52.7% |
| Financial charges | 65/66B | €93,988 | €88,662 | -€5,326 | -5.7% |
| Recurring financial charges | 65 | €93,988 | €88,662 | -€5,326 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €262,376 | €245,061 | -€17,315 | -6.6% |
| Income taxes | 67/77 | €82,414 | €76,697 | -€5,717 | -6.9% |
| Profit (loss) for the period | 9904 | €179,962 | €168,363 | -€11,598 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €179,962 | €168,363 | -€11,598 | -6.4% |
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 28 October 2026 via checked.be.