Sneh Shah: 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.
Sneh Shah
Largest movements
- Cash -€20,058
down €20,058 (-47.7%), from €42,016 to €21,958
mainly Net result for the year (-€25,215) and Trade debts (-€13,459)
- Deferred charges and accrued income -€4,936
down €4,936 (-100%), from €4,936 to €0
- Stocks and contracts -€3,613
down €3,613 (-16.0%), from €22,586 to €18,973
- Tangible fixed assets -€3,078
down €3,078 (-14.8%), from €20,861 to €17,782
of which Plant, machinery and equipment: -€1,845
- Reserves -€21,978
down €21,978 (-100%), from €21,978 to €0
- Trade debts -€13,459
down €13,459 (-55.2%), from €24,387 to €10,928
- Accrued charges and deferred income +€4,756
new in 2025: €4,756
- Profit (loss) carried forward -€3,237
new in 2025: -€3,237
- Tax, wage and social debts +€1,325
up €1,325 (+4.3%), from €30,901 to €32,226
of which Taxes: +€5,452
- Gross operating margin -€36,829
down €36,829 (-28.9%), from €127,553 to €90,724
- Staff costs +€15,452
up €15,452 (+17.1%), from €90,501 to €105,953
- Taxes -€7,805
down €7,805 (-96.9%), from €8,057 to €253
- Depreciation +€1,554
up €1,554 (+59.2%), from €2,625 to €4,179
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 | €95,014 | €63,031 | -€31,984 | -33.7% |
| Fixed assets | 21/28 | €20,861 | €17,782 | -€3,078 | -14.8% |
| Tangible fixed assets | 22/27 | €20,861 | €17,782 | -€3,078 | -14.8% |
| Plant, machinery and equipment | 23 | €18,446 | €16,600 | -€1,845 | -10.0% |
| Furniture and vehicles | 24 | €2,415 | €1,182 | -€1,233 | -51.0% |
| Current assets | 29/58 | €74,154 | €45,248 | -€28,906 | -39.0% |
| Stocks and contracts in progress | 3 | €22,586 | €18,973 | -€3,613 | -16.0% |
| Stocks | 30/36 | €22,586 | €18,973 | -€3,613 | -16.0% |
| Amounts receivable within one year | 40/41 | €4,615 | €4,317 | -€298 | -6.5% |
| Trade receivables | 40 | €4,446 | €4,317 | -€129 | -2.9% |
| Other amounts receivable | 41 | €169 | €0 | -€169 | -100% |
| Cash at bank and in hand | 54/58 | €42,016 | €21,958 | -€20,058 | -47.7% |
| Deferred charges and accrued income | 490/1 | €4,936 | €0 | -€4,936 | -100% |
| Total equity and liabilities | 10/49 | €95,014 | €63,031 | -€31,984 | -33.7% |
| Equity | 10/15 | €26,978 | €1,763 | -€25,215 | -93.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,978 | €0 | -€21,978 | -100% |
| Distributable reserves | 133 | €21,978 | €0 | -€21,978 | -100% |
| Profit (loss) carried forward | 14 | - | -€3,237 | -€3,237 | |
| Amounts payable | 17/49 | €68,037 | €61,267 | -€6,769 | -9.9% |
| Amounts payable within one year | 42/48 | €68,037 | €56,511 | -€11,525 | -16.9% |
| Trade debts | 44 | €24,387 | €10,928 | -€13,459 | -55.2% |
| Suppliers | 440/4 | €24,387 | €10,928 | -€13,459 | -55.2% |
| Taxes, remuneration and social security | 45 | €30,901 | €32,226 | +€1,325 | +4.3% |
| Taxes | 450/3 | €15,449 | €20,901 | +€5,452 | +35.3% |
| Remuneration and social security | 454/9 | €15,453 | €11,326 | -€4,127 | -26.7% |
| Other amounts payable | 47/48 | €12,749 | €13,357 | +€608 | +4.8% |
| Accrued charges and deferred income | 492/3 | - | €4,756 | +€4,756 | |
| Remuneration, social security and pensions | 62 | €90,501 | €105,953 | +€15,452 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,625 | €4,179 | +€1,554 | +59.2% |
| Other operating charges | 640/8 | €1,732 | €2,312 | +€581 | +33.5% |
| Gross operating margin | 9900 | €127,553 | €90,724 | -€36,829 | -28.9% |
| Operating profit (loss) | 9901 | €32,695 | -€21,720 | -€54,415 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +5,187% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +5,187% |
| Financial charges | 65/66B | €2,660 | €3,250 | +€590 | +22.2% |
| Recurring financial charges | 65 | €2,660 | €3,250 | +€590 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €30,035 | -€24,962 | -€54,997 | |
| Income taxes | 67/77 | €8,057 | €253 | -€7,805 | -96.9% |
| Profit (loss) for the period | 9904 | €21,978 | -€25,215 | -€47,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,978 | -€25,215 | -€47,192 |
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 27 October 2026 via checked.be.