S & H GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Receivables within one year +€50,773
up €50,773 (+374.3%), from €13,565 to €64,338
of which Trade receivables: +€49,833
- Tangible fixed assets +€15,117
up €15,117 (+50.0%), from €30,250 to €45,367
of which Furniture and vehicles: +€15,540
- Cash +€10,000
up €10,000 (+346.5%), from €2,886 to €12,886
mainly Net result for the year (+€49,031) and Depreciation (+€17,015)
- Stocks and contracts -€7,000
no longer reported in 2025 (was €7,000)
- Financial fixed assets +€5,000
up €5,000 (+53.5%), from €9,350 to €14,350
- Profit (loss) carried forward +€49,031
up €49,031, from -€9,915 to €39,116
- Tax, wage and social debts +€16,694
up €16,694 (+790.8%), from €2,111 to €18,805
of which Remuneration and social security: +€16,492
- Other debts +€11,558
up €11,558 (+48.0%), from €24,095 to €35,653
- Gross operating margin +€152,884
up €152,884, from -€13,725 to €139,160
- Staff costs +€66,324
up €66,324 (+3141.7%), from €2,111 to €68,435
- Depreciation +€13,884
up €13,884 (+443.4%), from €3,131 to €17,015
- Other operating charges +€3,250
up €3,250 (+269.1%), from €1,207 to €4,457
- Purchases and services -€3,204
down €3,204 (-2.7%), from €119,292 to €116,088
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.
Cash bridge derived
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 | €65,249 | €141,125 | +€75,876 | +116.3% |
| Fixed assets | 21/28 | €39,600 | €59,717 | +€20,117 | +50.8% |
| Tangible fixed assets | 22/27 | €30,250 | €45,367 | +€15,117 | +50.0% |
| Furniture and vehicles | 24 | €29,792 | €45,332 | +€15,540 | +52.2% |
| Other tangible fixed assets | 26 | €458 | €35 | -€423 | -92.3% |
| Financial fixed assets | 28 | €9,350 | €14,350 | +€5,000 | +53.5% |
| Current assets | 29/58 | €25,650 | €81,408 | +€55,759 | +217.4% |
| Stocks and contracts in progress | 3 | €7,000 | - | -€7,000 | |
| Stocks | 30/36 | €7,000 | - | -€7,000 | |
| Amounts receivable within one year | 40/41 | €13,565 | €64,338 | +€50,773 | +374.3% |
| Trade receivables | 40 | €12,904 | €62,737 | +€49,833 | +386.2% |
| Other amounts receivable | 41 | €662 | €1,601 | +€940 | +142.0% |
| Cash at bank and in hand | 54/58 | €2,886 | €12,886 | +€10,000 | +346.5% |
| Deferred charges and accrued income | 490/1 | €2,198 | €4,184 | +€1,986 | +90.3% |
| Total equity and liabilities | 10/49 | €65,249 | €141,125 | +€75,876 | +116.3% |
| Equity | 10/15 | €34,085 | €83,116 | +€49,031 | +143.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,915 | €39,116 | +€49,031 | |
| Amounts payable | 17/49 | €31,164 | €58,009 | +€26,845 | +86.1% |
| Amounts payable within one year | 42/48 | €31,164 | €58,009 | +€26,845 | +86.1% |
| Trade debts | 44 | €4,958 | €3,552 | -€1,407 | -28.4% |
| Suppliers | 440/4 | €4,958 | €3,552 | -€1,407 | -28.4% |
| Taxes, remuneration and social security | 45 | €2,111 | €18,805 | +€16,694 | +790.8% |
| Taxes | 450/3 | - | €201 | +€201 | |
| Remuneration and social security | 454/9 | €2,111 | €18,603 | +€16,492 | +781.2% |
| Other amounts payable | 47/48 | €24,095 | €35,653 | +€11,558 | +48.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,292 | €116,088 | -€3,204 | -2.7% |
| Remuneration, social security and pensions | 62 | €2,111 | €68,435 | +€66,324 | +3141.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,131 | €17,015 | +€13,884 | +443.4% |
| Other operating charges | 640/8 | €1,207 | €4,457 | +€3,250 | +269.1% |
| Gross operating margin | 9900 | -€13,725 | €139,160 | +€152,884 | |
| Operating profit (loss) | 9901 | -€20,174 | €49,253 | +€69,427 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €214 | €221 | +€8 | +3.5% |
| Recurring financial charges | 65 | €214 | €221 | +€8 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,388 | €49,031 | +€69,419 | |
| Profit (loss) for the period | 9904 | -€20,388 | €49,031 | +€69,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,388 | €49,031 | +€69,419 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.