S.H. FOOD: what changed
S.H. FOOD
Largest movements
- Receivables within one year -€5,473
down €5,473 (-33.1%), from €16,528 to €11,055
of which Other amounts receivable: -€10,997
- Cash -€3,641
down €3,641 (-47.7%), from €7,636 to €3,994
mainly Trade debts (-€16,485) and Deferred charges and accrued income (-€1,904)
- Stocks and contracts -€2,586
down €2,586 (-5.5%), from €46,646 to €44,060
- Deferred charges and accrued income +€1,904
new in 2025: €1,904
- Tangible fixed assets -€1,066
down €1,066 (-29.9%), from €3,565 to €2,499
- Trade debts -€16,485
down €16,485 (-40.3%), from €40,902 to €24,417
- Profit (loss) carried forward +€5,340
up €5,340 (+57.3%), from €9,315 to €14,655
- Gross operating margin -€17,095
down €17,095 (-36.7%), from €46,527 to €29,432
- Staff costs +€9,869
up €9,869 (+155%), from €6,380 to €16,249
- Other operating charges +€4,478
up €4,478 (+444%), from €1,008 to €5,486
- Taxes -€4,129
down €4,129 (-67.5%), from €6,115 to €1,985
- Financial charges -€1,641
down €1,641, from €1,526 to -€115
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 | €81,374 | €70,513 | -€10,862 | -13.3% |
| Fixed assets | 21/28 | €10,565 | €9,499 | -€1,066 | -10.1% |
| Tangible fixed assets | 22/27 | €3,565 | €2,499 | -€1,066 | -29.9% |
| Furniture and vehicles | 24 | €3,565 | €2,499 | -€1,066 | -29.9% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €70,810 | €61,013 | -€9,796 | -13.8% |
| Stocks and contracts in progress | 3 | €46,646 | €44,060 | -€2,586 | -5.5% |
| Stocks | 30/36 | €46,646 | €44,060 | -€2,586 | -5.5% |
| Amounts receivable within one year | 40/41 | €16,528 | €11,055 | -€5,473 | -33.1% |
| Trade receivables | 40 | - | €5,524 | +€5,524 | |
| Other amounts receivable | 41 | €16,528 | €5,531 | -€10,997 | -66.5% |
| Cash at bank and in hand | 54/58 | €7,636 | €3,994 | -€3,641 | -47.7% |
| Deferred charges and accrued income | 490/1 | - | €1,904 | +€1,904 | |
| Total equity and liabilities | 10/49 | €81,374 | €70,513 | -€10,862 | -13.3% |
| Equity | 10/15 | €27,915 | €33,255 | +€5,340 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,315 | €14,655 | +€5,340 | +57.3% |
| Amounts payable | 17/49 | €53,459 | €37,258 | -€16,201 | -30.3% |
| Amounts payable within one year | 42/48 | €53,100 | €36,825 | -€16,275 | -30.6% |
| Trade debts | 44 | €40,902 | €24,417 | -€16,485 | -40.3% |
| Suppliers | 440/4 | €40,902 | €24,417 | -€16,485 | -40.3% |
| Taxes, remuneration and social security | 45 | €12,198 | €12,409 | +€211 | +1.7% |
| Taxes | 450/3 | €6,201 | €8,025 | +€1,824 | +29.4% |
| Remuneration and social security | 454/9 | €5,997 | €4,384 | -€1,613 | -26.9% |
| Accrued charges and deferred income | 492/3 | €359 | €433 | +€73 | +20.4% |
| Remuneration, social security and pensions | 62 | €6,380 | €16,249 | +€9,869 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €1,066 | = | 0.0% |
| Other operating charges | 640/8 | €1,008 | €5,486 | +€4,478 | +444% |
| Gross operating margin | 9900 | €46,527 | €29,432 | -€17,095 | -36.7% |
| Operating profit (loss) | 9901 | €38,073 | €6,632 | -€31,441 | -82.6% |
| Financial income | 75/76B | €794 | €577 | -€217 | -27.3% |
| Recurring financial income | 75 | €794 | €577 | -€217 | -27.3% |
| Financial charges | 65/66B | €1,526 | -€115 | -€1,641 | |
| Recurring financial charges | 65 | €1,526 | -€115 | -€1,641 | |
| Profit (loss) for the period before taxes | 9903 | €37,342 | €7,325 | -€30,017 | -80.4% |
| Income taxes | 67/77 | €6,115 | €1,985 | -€4,129 | -67.5% |
| Profit (loss) for the period | 9904 | €31,227 | €5,340 | -€25,888 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,227 | €5,340 | -€25,888 | -82.9% |
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.