S.H.D.D.: 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.D.D.
Largest movements
- Stocks and contracts +€18,777
up €18,777 (+53.8%), from €34,896 to €53,673
- Other debts +€17,305
up €17,305 (+54.0%), from €32,044 to €49,349
- Tax, wage and social debts +€1,680
up €1,680 (+15,551%), from €11 to €1,690
- Turnover -€139,802
no longer reported in 2025 (was €139,802)
- Purchases and services -€137,710
no longer reported in 2025 (was €137,710)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,166 | €54,151 | +€18,985 | +54.0% |
| Current assets | 29/58 | €35,166 | €54,151 | +€18,985 | +54.0% |
| Stocks and contracts in progress | 3 | €34,896 | €53,673 | +€18,777 | +53.8% |
| Stocks | 30/36 | €34,896 | €53,673 | +€18,777 | +53.8% |
| Amounts receivable within one year | 40/41 | €270 | €381 | +€111 | +40.9% |
| Other amounts receivable | 41 | €270 | €381 | +€111 | +40.9% |
| Cash at bank and in hand | 54/58 | - | €97 | +€97 | |
| Total equity and liabilities | 10/49 | €35,166 | €54,151 | +€18,985 | +54.0% |
| Equity | 10/15 | €3,111 | €3,111 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,111 | €1,111 | = | 0.0% |
| Amounts payable | 17/49 | €32,055 | €51,040 | +€18,985 | +59.2% |
| Amounts payable within one year | 42/48 | €32,055 | €51,040 | +€18,985 | +59.2% |
| Taxes, remuneration and social security | 45 | €11 | €1,690 | +€1,680 | +15,551% |
| Taxes | 450/3 | €11 | €1,690 | +€1,680 | +15,551% |
| Other amounts payable | 47/48 | €32,044 | €49,349 | +€17,305 | +54.0% |
| Turnover | 70 | €139,802 | - | -€139,802 | |
| Goods, raw materials, services and sundry goods | 60/61 | €137,710 | - | -€137,710 | |
| Other operating charges | 640/8 | €981 | €1,411 | +€431 | +43.9% |
| Gross operating margin | 9900 | €2,092 | €2,646 | +€554 | +26.5% |
| Operating profit (loss) | 9901 | €1,111 | €1,234 | +€123 | +11.1% |
| Financial charges | 65/66B | - | €1,234 | +€1,234 | |
| Recurring financial charges | 65 | - | €1,234 | +€1,234 | |
| Profit (loss) for the period before taxes | 9903 | €1,111 | - | -€1,111 | |
| Profit (loss) for the period | 9904 | €1,111 | - | -€1,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,111 | - | -€1,111 |
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 28 October 2026 via checked.be.