SHYLET: 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.
SHYLET
Largest movements
- Tangible fixed assets +€27,714
new in 2025: €27,714
of which Furniture and vehicles: +€20,869
- Receivables within one year -€11,491
down €11,491 (-55.9%), from €20,556 to €9,065
- Stocks and contracts +€5,600
up €5,600 (+8.2%), from €68,337 to €73,937
- Cash -€2,474
down €2,474 (-8.3%), from €29,872 to €27,398
mainly Investment in fixed assets (net) (-€30,609) and Stocks and contracts (-€5,600)
- Profit (loss) carried forward +€9,485
up €9,485 (+38.0%), from €24,977 to €34,463
- Trade debts +€4,331
up €4,331 (+5.0%), from €86,433 to €90,764
- Tax, wage and social debts +€3,650
up €3,650 (+496%), from €736 to €4,385
of which Remuneration and social security: +€2,132
- Other debts +€1,884
new in 2025: €1,884
- Gross operating margin +€34,873
up €34,873 (+119%), from €29,273 to €64,146
- Staff costs +€18,997
up €18,997 (+104%), from €18,353 to €37,350
- Financial charges +€5,765
up €5,765 (+1,772%), from €325 to €6,090
- Depreciation +€2,771
up €2,771 (+2,221%), from €125 to €2,895
- Taxes +€1,088
up €1,088 (+87.0%), from €1,250 to €2,338
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 | €120,202 | €139,552 | +€19,350 | +16.1% |
| Fixed assets | 21/28 | €1,438 | €29,152 | +€27,714 | +1,928% |
| Tangible fixed assets | 22/27 | - | €27,714 | +€27,714 | |
| Furniture and vehicles | 24 | - | €20,869 | +€20,869 | |
| Other tangible fixed assets | 26 | - | €6,845 | +€6,845 | |
| Financial fixed assets | 28 | €1,438 | €1,438 | = | 0.0% |
| Current assets | 29/58 | €118,764 | €110,400 | -€8,364 | -7.0% |
| Stocks and contracts in progress | 3 | €68,337 | €73,937 | +€5,600 | +8.2% |
| Stocks | 30/36 | €68,337 | €73,937 | +€5,600 | +8.2% |
| Amounts receivable within one year | 40/41 | €20,556 | €9,065 | -€11,491 | -55.9% |
| Other amounts receivable | 41 | €20,556 | €9,065 | -€11,491 | -55.9% |
| Cash at bank and in hand | 54/58 | €29,872 | €27,398 | -€2,474 | -8.3% |
| Total equity and liabilities | 10/49 | €120,202 | €139,552 | +€19,350 | +16.1% |
| Equity | 10/15 | €33,034 | €42,519 | +€9,485 | +28.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,977 | €34,463 | +€9,485 | +38.0% |
| Amounts payable | 17/49 | €87,168 | €97,033 | +€9,865 | +11.3% |
| Amounts payable within one year | 42/48 | €87,168 | €97,033 | +€9,865 | +11.3% |
| Trade debts | 44 | €86,433 | €90,764 | +€4,331 | +5.0% |
| Suppliers | 440/4 | €86,433 | €90,764 | +€4,331 | +5.0% |
| Taxes, remuneration and social security | 45 | €736 | €4,385 | +€3,650 | +496% |
| Taxes | 450/3 | - | €1,517 | +€1,517 | |
| Remuneration and social security | 454/9 | €736 | €2,868 | +€2,132 | +290% |
| Other amounts payable | 47/48 | - | €1,884 | +€1,884 | |
| Remuneration, social security and pensions | 62 | €18,353 | €37,350 | +€18,997 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €2,895 | +€2,771 | +2,221% |
| Other operating charges | 640/8 | €6,680 | €5,988 | -€693 | -10.4% |
| Gross operating margin | 9900 | €29,273 | €64,146 | +€34,873 | +119% |
| Operating profit (loss) | 9901 | €4,115 | €17,913 | +€13,798 | +335% |
| Financial charges | 65/66B | €325 | €6,090 | +€5,765 | +1,772% |
| Recurring financial charges | 65 | €325 | €6,090 | +€5,765 | +1,772% |
| Profit (loss) for the period before taxes | 9903 | €3,790 | €11,823 | +€8,033 | +212% |
| Income taxes | 67/77 | €1,250 | €2,338 | +€1,088 | +87.0% |
| Profit (loss) for the period | 9904 | €2,540 | €9,485 | +€6,945 | +273% |
| Profit (loss) for the period to be appropriated | 9905 | €2,540 | €9,485 | +€6,945 | +273% |
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.