S&H CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€2,500
down €2,500 (-37.5%), from €6,667 to €4,167
- Financial fixed assets +€1,500
new in 2024: €1,500
- Cash +€888
up €888 (+31.3%), from €2,835 to €3,723
mainly Net result for the year (+€3,950) and Tax, wage and social debts (+€3,510)
- Receivables within one year +€382
up €382 (+1.7%), from €22,677 to €23,059
of which Trade receivables: +€1,515
- Other debts -€4,091
no longer reported in 2024 (was €4,091)
- Profit (loss) carried forward +€3,950
up €3,950 (+34.4%), from €11,478 to €15,428
- Tax, wage and social debts +€3,510
up €3,510 (+120%), from €2,923 to €6,433
of which Remuneration and social security: +€2,000
- Trade debts -€3,221
down €3,221 (-26.6%), from €12,087 to €8,866
- Gross operating margin -€7,060
down €7,060 (-42.8%), from €16,485 to €9,425
- Taxes -€1,694
down €1,694 (-58.0%), from €2,923 to €1,229
- Depreciation +€1,322
up €1,322 (+93.9%), from €1,407 to €2,729
- Other operating charges +€969
up €969 (+1,002%), from €97 to €1,065
- Financial charges +€356
up €356 (+321%), from €111 to €466
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,579 | €32,727 | +€148 | +0.5% |
| Formation expenses | 20 | €400 | €172 | -€229 | -57.1% |
| Fixed assets | 21/28 | €6,667 | €5,667 | -€1,000 | -15.0% |
| Tangible fixed assets | 22/27 | €6,667 | €4,167 | -€2,500 | -37.5% |
| Furniture and vehicles | 24 | €6,667 | €4,167 | -€2,500 | -37.5% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €25,512 | €26,889 | +€1,377 | +5.4% |
| Amounts receivable within one year | 40/41 | €22,677 | €23,059 | +€382 | +1.7% |
| Trade receivables | 40 | €21,536 | €23,051 | +€1,515 | +7.0% |
| Other amounts receivable | 41 | €1,141 | €8 | -€1,133 | -99.3% |
| Cash at bank and in hand | 54/58 | €2,835 | €3,723 | +€888 | +31.3% |
| Deferred charges and accrued income | 490/1 | - | €107 | +€107 | |
| Total equity and liabilities | 10/49 | €32,579 | €32,727 | +€148 | +0.5% |
| Equity | 10/15 | €13,478 | €17,428 | +€3,950 | +29.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,478 | €15,428 | +€3,950 | +34.4% |
| Amounts payable | 17/49 | €19,101 | €15,299 | -€3,802 | -19.9% |
| Amounts payable within one year | 42/48 | €19,101 | €15,299 | -€3,802 | -19.9% |
| Trade debts | 44 | €12,087 | €8,866 | -€3,221 | -26.6% |
| Suppliers | 440/4 | €12,087 | €8,866 | -€3,221 | -26.6% |
| Taxes, remuneration and social security | 45 | €2,923 | €6,433 | +€3,510 | +120% |
| Taxes | 450/3 | €2,923 | €4,433 | +€1,510 | +51.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €4,091 | - | -€4,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,407 | €2,729 | +€1,322 | +93.9% |
| Other operating charges | 640/8 | €97 | €1,065 | +€969 | +1,002% |
| Gross operating margin | 9900 | €16,485 | €9,425 | -€7,060 | -42.8% |
| Operating profit (loss) | 9901 | €14,981 | €5,631 | -€9,350 | -62.4% |
| Financial income | 75/76B | €1 | €15 | +€13 | +953% |
| Recurring financial income | 75 | €1 | €15 | +€13 | +953% |
| Financial charges | 65/66B | €111 | €466 | +€356 | +321% |
| Recurring financial charges | 65 | €111 | €466 | +€356 | +321% |
| Profit (loss) for the period before taxes | 9903 | €14,871 | €5,179 | -€9,692 | -65.2% |
| Income taxes | 67/77 | €2,923 | €1,229 | -€1,694 | -58.0% |
| Profit (loss) for the period | 9904 | €11,948 | €3,950 | -€7,998 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,948 | €3,950 | -€7,998 | -66.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.