S & H CONSULTING: what changed
S & H CONSULTING
Largest movements
- Current investments +€42,657
up €42,657 (+34.7%), from €122,792 to €165,449
- Receivables within one year -€34,190
down €34,190 (-25.9%), from €131,795 to €97,605
of which Other amounts receivable: -€18,017
- Cash +€17,635
up €17,635 (+6.9%), from €256,363 to €273,998
mainly Net result for the year (+€88,436) and Other debts (+€68,478)
- Tangible fixed assets -€16,505
down €16,505 (-22.5%), from €73,462 to €56,957
of which Furniture and vehicles: -€19,668
- Other debts +€68,478
up €68,478 (+394%), from €17,376 to €85,854
- Reserves -€31,564
down €31,564 (-7.3%), from €432,000 to €400,436
of which Non-distributable reserves: -€40,000
- Debts after one year -€22,182
down €22,182 (-54.4%), from €40,741 to €18,559
- Trade debts -€7,549
down €7,549 (-39.4%), from €19,166 to €11,617
- Staff costs -€19,556
no longer reported in 2025 (was €19,556)
- Gross operating margin -€11,534
down €11,534 (-7.3%), from €157,642 to €146,108
- Taxes -€5,649
down €5,649 (-18.7%), from €30,174 to €24,525
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €584,766 | €594,363 | +€9,597 | +1.6% |
| Fixed assets | 21/28 | €73,816 | €57,311 | -€16,505 | -22.4% |
| Tangible fixed assets | 22/27 | €73,462 | €56,957 | -€16,505 | -22.5% |
| Land and buildings | 22 | €185 | - | -€185 | |
| Plant, machinery and equipment | 23 | €978 | €4,326 | +€3,348 | +342% |
| Furniture and vehicles | 24 | €72,299 | €52,631 | -€19,668 | -27.2% |
| Financial fixed assets | 28 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €510,950 | €537,052 | +€26,102 | +5.1% |
| Amounts receivable within one year | 40/41 | €131,795 | €97,605 | -€34,190 | -25.9% |
| Trade receivables | 40 | €110,693 | €94,520 | -€16,173 | -14.6% |
| Other amounts receivable | 41 | €21,102 | €3,085 | -€18,017 | -85.4% |
| Current investments | 50/53 | €122,792 | €165,449 | +€42,657 | +34.7% |
| Cash at bank and in hand | 54/58 | €256,363 | €273,998 | +€17,635 | +6.9% |
| Total equity and liabilities | 10/49 | €584,766 | €594,363 | +€9,597 | +1.6% |
| Equity | 10/15 | €450,600 | €419,036 | -€31,564 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €432,000 | €400,436 | -€31,564 | -7.3% |
| Non-distributable reserves | 130/1 | €365,000 | €325,000 | -€40,000 | -11.0% |
| Other | 1319 | €365,000 | €325,000 | -€40,000 | -11.0% |
| Distributable reserves | 133 | €67,000 | €75,436 | +€8,436 | +12.6% |
| Amounts payable | 17/49 | €134,166 | €175,327 | +€41,161 | +30.7% |
| Amounts payable after more than one year | 17 | €40,741 | €18,559 | -€22,182 | -54.4% |
| Financial debts | 170/4 | €40,741 | €18,559 | -€22,182 | -54.4% |
| Amounts payable within one year | 42/48 | €93,425 | €156,768 | +€63,343 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | €21,350 | €22,182 | +€832 | +3.9% |
| Trade debts | 44 | €19,166 | €11,617 | -€7,549 | -39.4% |
| Suppliers | 440/4 | €19,166 | €11,617 | -€7,549 | -39.4% |
| Taxes, remuneration and social security | 45 | €35,533 | €37,115 | +€1,582 | +4.5% |
| Taxes | 450/3 | €27,533 | €35,615 | +€8,082 | +29.4% |
| Remuneration and social security | 454/9 | €8,000 | €1,500 | -€6,500 | -81.3% |
| Other amounts payable | 47/48 | €17,376 | €85,854 | +€68,478 | +394% |
| Remuneration, social security and pensions | 62 | €19,556 | - | -€19,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,965 | €28,923 | -€42 | -0.1% |
| Other operating charges | 640/8 | €1,123 | €1,675 | +€552 | +49.2% |
| Gross operating margin | 9900 | €157,642 | €146,108 | -€11,534 | -7.3% |
| Operating profit (loss) | 9901 | €107,998 | €115,510 | +€7,512 | +7.0% |
| Financial income | 75/76B | €457 | €939 | +€482 | +105% |
| Recurring financial income | 75 | €457 | €939 | +€482 | +105% |
| Financial charges | 65/66B | €4,195 | €3,488 | -€707 | -16.9% |
| Recurring financial charges | 65 | €4,195 | €3,488 | -€707 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €104,260 | €112,961 | +€8,701 | +8.3% |
| Income taxes | 67/77 | €30,174 | €24,525 | -€5,649 | -18.7% |
| Profit (loss) for the period | 9904 | €74,086 | €88,436 | +€14,350 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,086 | €88,436 | +€14,350 | +19.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.