S-H Services: 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 Services
Largest movements
- Receivables within one year -€3,230
down €3,230 (-91.8%), from €3,517 to €287
of which Trade receivables: -€2,890
- Stocks and contracts -€1,000
down €1,000 (-100%), from €1,000 to €0
- Debts after one year +€540,000
new in 2025: €540,000
- Other debts -€534,931
down €534,931 (-99.3%), from €538,489 to €3,558
- Profit (loss) carried forward -€8,035
down €8,035 (-1.3%), from -€627,559 to -€635,593
- Trade debts -€1,477
down €1,477 (-6.2%), from €23,977 to €22,500
- Short-term financial debts +€158
up €158 (+1.9%), from €8,150 to €8,307
- Gross operating margin +€5,708
up €5,708 (+67.5%), from -€8,456 to -€2,748
- Other operating charges +€3,125
up €3,125 (+618%), from €505 to €3,631
- Financial charges +€559
up €559 (+52.4%), from €1,067 to €1,626
- Depreciation -€191
down €191 (-100%), from €191 to €0
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.
Derived cash bridge
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 | €4,582 | €322 | -€4,260 | -93.0% |
| Fixed assets | 21/28 | €30 | €0 | -€30 | -100% |
| Tangible fixed assets | 22/27 | €30 | €0 | -€30 | -100% |
| Plant, machinery and equipment | 23 | €30 | €0 | -€30 | -100% |
| Current assets | 29/58 | €4,552 | €322 | -€4,230 | -92.9% |
| Stocks and contracts in progress | 3 | €1,000 | €0 | -€1,000 | -100% |
| Stocks | 30/36 | €1,000 | €0 | -€1,000 | -100% |
| Amounts receivable within one year | 40/41 | €3,517 | €287 | -€3,230 | -91.8% |
| Trade receivables | 40 | €3,111 | €221 | -€2,890 | -92.9% |
| Other amounts receivable | 41 | €406 | €66 | -€340 | -83.8% |
| Cash at bank and in hand | 54/58 | €35 | €35 | -€0 | -0.5% |
| Total equity and liabilities | 10/49 | €4,582 | €322 | -€4,260 | -93.0% |
| Equity | 10/15 | -€566,059 | -€574,093 | -€8,035 | -1.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€627,559 | -€635,593 | -€8,035 | -1.3% |
| Amounts payable | 17/49 | €570,640 | €574,415 | +€3,775 | +0.7% |
| Amounts payable after more than one year | 17 | - | €540,000 | +€540,000 | |
| Financial debts | 170/4 | - | €540,000 | +€540,000 | |
| Amounts payable within one year | 42/48 | €570,640 | €34,415 | -€536,225 | -94.0% |
| Financial debts | 43 | €8,150 | €8,307 | +€158 | +1.9% |
| Credit institutions | 430/8 | €8,150 | €8,307 | +€158 | +1.9% |
| Trade debts | 44 | €23,977 | €22,500 | -€1,477 | -6.2% |
| Suppliers | 440/4 | €23,977 | €22,500 | -€1,477 | -6.2% |
| Taxes, remuneration and social security | 45 | €25 | €50 | +€25 | +100% |
| Taxes | 450/3 | €25 | €50 | +€25 | +100% |
| Other amounts payable | 47/48 | €538,489 | €3,558 | -€534,931 | -99.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,682 | +€1,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €0 | -€191 | -100% |
| Other operating charges | 640/8 | €505 | €3,631 | +€3,125 | +618% |
| Non-recurring operating charges | 66A | - | €30 | +€30 | |
| Gross operating margin | 9900 | -€8,456 | -€2,748 | +€5,708 | +67.5% |
| Operating profit (loss) | 9901 | -€9,152 | -€6,409 | +€2,743 | +30.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,067 | €1,626 | +€559 | +52.4% |
| Recurring financial charges | 65 | €1,067 | €1,626 | +€559 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,219 | -€8,035 | +€2,184 | +21.4% |
| Profit (loss) for the period | 9904 | -€10,219 | -€8,035 | +€2,184 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,219 | -€8,035 | +€2,184 | +21.4% |
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 14 October 2026 via checked.be.