S.H. BELGIUM: what changed
S.H. BELGIUM
Largest movements
- Stocks and contracts +€27,569
up €27,569 (+58.7%), from €46,997 to €74,566
- Cash +€14,976
up €14,976 (+264%), from €5,668 to €20,644
mainly Net result for the year (+€50,690) and Tax, wage and social debts (+€16,136)
- Reserves +€29,984
new in 2024: €29,984
of which Distributable reserves: +€28,500
- Profit (loss) carried forward +€20,705
up €20,705, from -€17,505 to €3,201
- Tax, wage and social debts +€16,136
up €16,136 (+118%), from €13,721 to €29,857
of which Taxes: +€19,466
- Trade debts -€13,976
down €13,976 (-33.8%), from €41,298 to €27,322
- Other debts -€9,542
down €9,542 (-90.3%), from €10,572 to €1,030
- Turnover +€497,264
new in 2024: €497,264
- Purchases and services +€345,062
new in 2024: €345,062
- Gross operating margin +€51,997
up €51,997 (+51.7%), from €100,606 to €152,603
- Taxes +€9,477
up €9,477 (+700%), from €1,354 to €10,831
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,382 | €102,689 | +€43,308 | +72.9% |
| Current assets | 29/58 | €59,382 | €102,689 | +€43,308 | +72.9% |
| Stocks and contracts in progress | 3 | €46,997 | €74,566 | +€27,569 | +58.7% |
| Stocks | 30/36 | €46,997 | €74,566 | +€27,569 | +58.7% |
| Amounts receivable within one year | 40/41 | €6,717 | €7,480 | +€763 | +11.4% |
| Trade receivables | 40 | €6,717 | €7,480 | +€763 | +11.4% |
| Cash at bank and in hand | 54/58 | €5,668 | €20,644 | +€14,976 | +264% |
| Total equity and liabilities | 10/49 | €59,382 | €102,689 | +€43,308 | +72.9% |
| Equity | 10/15 | -€6,210 | €44,480 | +€50,690 | |
| Contributions | 10/11 | €11,295 | €11,295 | = | 0.0% |
| Reserves | 13 | - | €29,984 | +€29,984 | |
| Non-distributable reserves | 130/1 | - | €1,484 | +€1,484 | |
| Reserves not available under the articles | 1311 | - | €1,484 | +€1,484 | |
| Distributable reserves | 133 | - | €28,500 | +€28,500 | |
| Profit (loss) carried forward | 14 | -€17,505 | €3,201 | +€20,705 | |
| Amounts payable | 17/49 | €65,591 | €58,209 | -€7,382 | -11.3% |
| Amounts payable within one year | 42/48 | €65,591 | €58,209 | -€7,382 | -11.3% |
| Trade debts | 44 | €41,298 | €27,322 | -€13,976 | -33.8% |
| Suppliers | 440/4 | €41,298 | €27,322 | -€13,976 | -33.8% |
| Taxes, remuneration and social security | 45 | €13,721 | €29,857 | +€16,136 | +118% |
| Taxes | 450/3 | €4,400 | €23,866 | +€19,466 | +442% |
| Remuneration and social security | 454/9 | €9,321 | €5,990 | -€3,331 | -35.7% |
| Other amounts payable | 47/48 | €10,572 | €1,030 | -€9,542 | -90.3% |
| Turnover | 70 | - | €497,264 | +€497,264 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €345,062 | +€345,062 | |
| Remuneration, social security and pensions | 62 | €87,510 | €90,748 | +€3,238 | +3.7% |
| Other operating charges | 640/8 | €2,756 | €350 | -€2,406 | -87.3% |
| Gross operating margin | 9900 | €100,606 | €152,603 | +€51,997 | +51.7% |
| Operating profit (loss) | 9901 | €10,339 | €61,505 | +€51,165 | +495% |
| Financial income | 75/76B | €1 | €52 | +€51 | +5,108% |
| Recurring financial income | 75 | €1 | €52 | +€51 | +5,108% |
| Financial charges | 65/66B | €333 | €35 | -€298 | -89.4% |
| Recurring financial charges | 65 | €333 | €35 | -€298 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €10,007 | €61,521 | +€51,514 | +515% |
| Income taxes | 67/77 | €1,354 | €10,831 | +€9,477 | +700% |
| Profit (loss) for the period | 9904 | €8,653 | €50,690 | +€42,037 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €8,653 | €50,690 | +€42,037 | +486% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.