THE SHADY WORKSHOP: 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.
THE SHADY WORKSHOP
Largest movements
- Receivables within one year -€60,356
down €60,356 (-99.4%), from €60,692 to €336
of which Trade receivables: -€60,000
- Intangible fixed assets -€11,746
down €11,746 (-11.9%), from €98,756 to €87,010
- Cash +€10,702
up €10,702 (+7846.5%), from €136 to €10,838
mainly Receivables within one year (+€60,356) and Depreciation (+€15,646)
- Trade debts -€63,325
down €63,325 (-87.2%), from €72,617 to €9,292
- Other debts +€15,095
up €15,095 (+66.7%), from €22,648 to €37,742
- Accrued charges and deferred income -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Profit (loss) carried forward +€2,003
up €2,003 (+12.0%), from €16,639 to €18,642
- Depreciation +€9,593
up €9,593 (+158.5%), from €6,053 to €15,646
- Gross operating margin +€5,636
up €5,636 (+45.0%), from €12,516 to €18,151
- Taxes +€368
up €368 (+527.4%), from €70 to €438
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 | €159,584 | €98,184 | -€61,400 | -38.5% |
| Fixed assets | 21/28 | €98,756 | €87,010 | -€11,746 | -11.9% |
| Intangible fixed assets | 21 | €98,756 | €87,010 | -€11,746 | -11.9% |
| Current assets | 29/58 | €60,828 | €11,174 | -€49,654 | -81.6% |
| Amounts receivable within one year | 40/41 | €60,692 | €336 | -€60,356 | -99.4% |
| Trade receivables | 40 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 41 | €692 | €336 | -€356 | -51.4% |
| Cash at bank and in hand | 54/58 | €136 | €10,838 | +€10,702 | +7846.5% |
| Total equity and liabilities | 10/49 | €159,584 | €98,184 | -€61,400 | -38.5% |
| Equity | 10/15 | €18,639 | €20,642 | +€2,003 | +10.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,639 | €18,642 | +€2,003 | +12.0% |
| Amounts payable | 17/49 | €140,946 | €77,542 | -€63,403 | -45.0% |
| Amounts payable within one year | 42/48 | €95,946 | €47,542 | -€48,403 | -50.4% |
| Trade debts | 44 | €72,617 | €9,292 | -€63,325 | -87.2% |
| Suppliers | 440/4 | €72,617 | €9,292 | -€63,325 | -87.2% |
| Taxes, remuneration and social security | 45 | €681 | €508 | -€173 | -25.4% |
| Taxes | 450/3 | €681 | €508 | -€173 | -25.4% |
| Other amounts payable | 47/48 | €22,648 | €37,742 | +€15,095 | +66.7% |
| Accrued charges and deferred income | 492/3 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,053 | €15,646 | +€9,593 | +158.5% |
| Gross operating margin | 9900 | €12,516 | €18,151 | +€5,636 | +45.0% |
| Operating profit (loss) | 9901 | €6,463 | €2,505 | -€3,957 | -61.2% |
| Financial charges | 65/66B | €40 | €64 | +€25 | +62.0% |
| Recurring financial charges | 65 | €40 | €64 | +€25 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €6,423 | €2,441 | -€3,982 | -62.0% |
| Income taxes | 67/77 | €70 | €438 | +€368 | +527.4% |
| Profit (loss) for the period | 9904 | €6,353 | €2,003 | -€4,350 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,353 | €2,003 | -€4,350 | -68.5% |
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 11 October 2026 via checked.be.