S.H.C.C.: 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.
S.H.C.C.
Largest movements
- Receivables within one year +€5,023
up €5,023 (+270%), from €1,861 to €6,884
of which Trade receivables: +€6,611
- Cash -€2,774
down €2,774 (-2.3%), from €120,137 to €117,363
mainly Receivables within one year (-€5,023) and Deferred charges and accrued income (-€1,158)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€27,366
up €27,366, from -€27,311 to €55
- Financial income -€1,709
down €1,709 (-42.6%), from €4,014 to €2,305
- Taxes +€631
up €631 (+1,167%), from €54 to €685
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 | €147,573 | €150,635 | +€3,062 | +2.1% |
| Fixed assets | 21/28 | €563 | €257 | -€307 | -54.4% |
| Tangible fixed assets | 22/27 | €563 | €257 | -€307 | -54.4% |
| Furniture and vehicles | 24 | €563 | €257 | -€307 | -54.4% |
| Current assets | 29/58 | €147,010 | €150,379 | +€3,368 | +2.3% |
| Amounts receivable within one year | 40/41 | €1,861 | €6,884 | +€5,023 | +270% |
| Trade receivables | 40 | €273 | €6,884 | +€6,611 | +2,425% |
| Other amounts receivable | 41 | €1,589 | - | -€1,589 | |
| Current investments | 50/53 | €25,000 | €24,962 | -€38 | -0.2% |
| Cash at bank and in hand | 54/58 | €120,137 | €117,363 | -€2,774 | -2.3% |
| Deferred charges and accrued income | 490/1 | €12 | €1,170 | +€1,158 | +9,321% |
| Total equity and liabilities | 10/49 | €147,573 | €150,635 | +€3,062 | +2.1% |
| Equity | 10/15 | €146,743 | €147,297 | +€555 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,859 | €39,859 | = | 0.0% |
| Distributable reserves | 133 | €39,859 | €39,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,292 | €88,846 | +€555 | +0.6% |
| Amounts payable | 17/49 | €831 | €3,338 | +€2,507 | +302% |
| Amounts payable within one year | 42/48 | €831 | €3,239 | +€2,408 | +290% |
| Trade debts | 44 | €531 | €1,976 | +€1,445 | +272% |
| Suppliers | 440/4 | €531 | €1,976 | +€1,445 | +272% |
| Taxes, remuneration and social security | 45 | €300 | €1,263 | +€963 | +321% |
| Taxes | 450/3 | €300 | €1,263 | +€963 | +321% |
| Accrued charges and deferred income | 492/3 | - | €99 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €307 | +€6 | +1.9% |
| Other operating charges | 640/8 | €754 | €732 | -€22 | -2.9% |
| Gross operating margin | 9900 | -€27,311 | €55 | +€27,366 | |
| Operating profit (loss) | 9901 | -€28,366 | -€983 | +€27,382 | +96.5% |
| Financial income | 75/76B | €4,014 | €2,305 | -€1,709 | -42.6% |
| Recurring financial income | 75 | €4,014 | €2,305 | -€1,709 | -42.6% |
| Financial charges | 65/66B | €41 | €82 | +€41 | +100% |
| Recurring financial charges | 65 | €41 | €82 | +€41 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€24,392 | €1,240 | +€25,632 | |
| Income taxes | 67/77 | €54 | €685 | +€631 | +1,167% |
| Profit (loss) for the period | 9904 | -€24,446 | €555 | +€25,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,446 | €555 | +€25,001 |
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 23 October 2026 via checked.be.