S-HOME: 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-HOME
Largest movements
- Stocks and contracts -€400,286
down €400,286 (-56.2%), from €712,711 to €312,425
- Cash +€31,534
up €31,534 (+4,178%), from €755 to €32,289
mainly Stocks and contracts (+€400,286) and Trade debts (+€53,318)
- Other debts -€226,800
down €226,800 (-98.2%), from €230,891 to €4,091
- Short-term financial debts -€206,000
down €206,000 (-49.5%), from €416,000 to €210,000
- Trade debts +€53,318
up €53,318 (+102%), from €52,492 to €105,810
- Reserves +€9,340
up €9,340 (+243%), from €3,837 to €13,177
- Gross operating margin -€18,968
down €18,968 (-43.2%), from €43,892 to €24,924
- Financial charges -€10,087
down €10,087 (-46.9%), from €21,497 to €11,410
- Taxes +€1,365
up €1,365 (+141%), from €965 to €2,330
- Other operating charges +€559
up €559 (+43.6%), from €1,284 to €1,844
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 | €713,485 | €344,714 | -€368,771 | -51.7% |
| Current assets | 29/58 | €713,485 | €344,714 | -€368,771 | -51.7% |
| Stocks and contracts in progress | 3 | €712,711 | €312,425 | -€400,286 | -56.2% |
| Stocks | 30/36 | €712,711 | €312,425 | -€400,286 | -56.2% |
| Cash at bank and in hand | 54/58 | €755 | €32,289 | +€31,534 | +4,178% |
| Deferred charges and accrued income | 490/1 | €19 | - | -€19 | |
| Total equity and liabilities | 10/49 | €713,485 | €344,714 | -€368,771 | -51.7% |
| Equity | 10/15 | €13,137 | €22,477 | +€9,340 | +71.1% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €3,837 | €13,177 | +€9,340 | +243% |
| Distributable reserves | 133 | €3,837 | €13,177 | +€9,340 | +243% |
| Amounts payable | 17/49 | €700,348 | €322,236 | -€378,112 | -54.0% |
| Amounts payable within one year | 42/48 | €700,348 | €322,236 | -€378,112 | -54.0% |
| Financial debts | 43 | €416,000 | €210,000 | -€206,000 | -49.5% |
| Credit institutions | 430/8 | €416,000 | €210,000 | -€206,000 | -49.5% |
| Trade debts | 44 | €52,492 | €105,810 | +€53,318 | +102% |
| Suppliers | 440/4 | €52,492 | €105,810 | +€53,318 | +102% |
| Taxes, remuneration and social security | 45 | €965 | €2,335 | +€1,370 | +142% |
| Taxes | 450/3 | €965 | €2,335 | +€1,370 | +142% |
| Other amounts payable | 47/48 | €230,891 | €4,091 | -€226,800 | -98.2% |
| Other operating charges | 640/8 | €1,284 | €1,844 | +€559 | +43.6% |
| Gross operating margin | 9900 | €43,892 | €24,924 | -€18,968 | -43.2% |
| Operating profit (loss) | 9901 | €42,608 | €23,081 | -€19,528 | -45.8% |
| Financial income | 75/76B | €52 | - | -€52 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Financial charges | 65/66B | €21,497 | €11,410 | -€10,087 | -46.9% |
| Recurring financial charges | 65 | €21,497 | €11,410 | -€10,087 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €21,163 | €11,671 | -€9,492 | -44.9% |
| Income taxes | 67/77 | €965 | €2,330 | +€1,365 | +141% |
| Profit (loss) for the period | 9904 | €20,198 | €9,340 | -€10,857 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,198 | €9,340 | -€10,857 | -53.8% |
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 15 October 2026 via checked.be.