S2HP: 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.
What changed
S2HP
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,199
2024 · €18,831-€9,632
Equity
€182,581
2024 · €173,381+€9,199
Cash
€70,926
2024 · €68,408+€2,517
Balance sheet total
€662,101
2024 · €674,937-€12,837
Largest movements
Assets
- Receivables within one year -€11,365
down €11,365 (-26.7%), from €42,575 to €31,211
of which Trade receivables: -€8,045
Equity and liabilities
- Debts after one year -€21,682
down €21,682 (-5.6%), from €385,130 to €363,448
- Profit (loss) carried forward +€9,199
up €9,199 (+54.6%), from -€16,843 to -€7,643
Income statement
- Taxes +€3,482
up €3,482 (+461.4%), from €755 to €4,237
- Depreciation +€3,376
up €3,376 (+22.9%), from €14,731 to €18,107
- Other operating charges +€2,527
up €2,527 (+312.1%), from €810 to €3,336
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.
Result 2024
€18,831
Gross operating margin
-€433
Depreciation
-€3,376
Other operating charges
-€2,527
Financial income
-€138
Financial charges
+€325
Taxes
-€3,482
Result 2025
€9,199
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.
From operations
+€37,586
Investment
-€14,274
Financing
-€20,794
Cash 2024
€68,408
From operations (derived)
+€37,586
Net result for the year
+€9,199
Depreciation
+€18,107
Receivables within one year
+€11,365
Deferred charges and accrued income
+€157
Trade debts
-€1,994
Tax, wage and social debts
-€2,296
Other debts
-€2,466
Accrued charges and deferred income
+€5,514
Investment (derived)
-€14,274
Investment in fixed assets (net)
-€14,274
Financing
-€20,794
Debts after one year
-€21,682
Current portion of long-term debt
+€888
Short-term financial debts
-€0
Cash 2025
€70,926
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,937 | €662,101 | -€12,837 | -1.9% |
| Fixed assets | 21/28 | €559,457 | €555,625 | -€3,832 | -0.7% |
| Tangible fixed assets | 22/27 | €459,457 | €455,625 | -€3,832 | -0.8% |
| Land and buildings | 22 | €458,551 | €444,622 | -€13,929 | -3.0% |
| Furniture and vehicles | 24 | €906 | €11,003 | +€10,096 | +1113.9% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €115,480 | €106,475 | -€9,005 | -7.8% |
| Amounts receivable within one year | 40/41 | €42,575 | €31,211 | -€11,365 | -26.7% |
| Trade receivables | 40 | €33,090 | €25,045 | -€8,045 | -24.3% |
| Other amounts receivable | 41 | €9,485 | €6,166 | -€3,320 | -35.0% |
| Cash at bank and in hand | 54/58 | €68,408 | €70,926 | +€2,517 | +3.7% |
| Deferred charges and accrued income | 490/1 | €4,496 | €4,339 | -€157 | -3.5% |
| Total equity and liabilities | 10/49 | €674,937 | €662,101 | -€12,837 | -1.9% |
| Equity | 10/15 | €173,381 | €182,581 | +€9,199 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,624 | €171,624 | = | 0.0% |
| Distributable reserves | 133 | €171,624 | €171,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,843 | -€7,643 | +€9,199 | +54.6% |
| Amounts payable | 17/49 | €501,556 | €479,520 | -€22,036 | -4.4% |
| Amounts payable after more than one year | 17 | €385,130 | €363,448 | -€21,682 | -5.6% |
| Financial debts | 170/4 | €385,130 | €363,448 | -€21,682 | -5.6% |
| Amounts payable within one year | 42/48 | €111,478 | €105,609 | -€5,869 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €20,794 | €21,682 | +€888 | +4.3% |
| Financial debts | 43 | €2,568 | €2,568 | -€0 | 0.0% |
| Credit institutions | 430/8 | €2,568 | €2,568 | -€0 | 0.0% |
| Trade debts | 44 | €3,990 | €1,996 | -€1,994 | -50.0% |
| Suppliers | 440/4 | €3,990 | €1,996 | -€1,994 | -50.0% |
| Taxes, remuneration and social security | 45 | €9,105 | €6,809 | -€2,296 | -25.2% |
| Taxes | 450/3 | €3,847 | €2,452 | -€1,395 | -36.3% |
| Remuneration and social security | 454/9 | €5,258 | €4,357 | -€901 | -17.1% |
| Other amounts payable | 47/48 | €75,020 | €72,554 | -€2,466 | -3.3% |
| Accrued charges and deferred income | 492/3 | €4,948 | €10,463 | +€5,514 | +111.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,731 | €18,107 | +€3,376 | +22.9% |
| Other operating charges | 640/8 | €810 | €3,336 | +€2,527 | +312.1% |
| Gross operating margin | 9900 | €57,442 | €57,009 | -€433 | -0.8% |
| Operating profit (loss) | 9901 | €41,902 | €35,566 | -€6,336 | -15.1% |
| Financial income | 75/76B | €687 | €549 | -€138 | -20.1% |
| Recurring financial income | 75 | €687 | €549 | -€138 | -20.1% |
| Financial charges | 65/66B | €23,003 | €22,678 | -€325 | -1.4% |
| Recurring financial charges | 65 | €23,003 | €22,678 | -€325 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €19,586 | €13,437 | -€6,149 | -31.4% |
| Income taxes | 67/77 | €755 | €4,237 | +€3,482 | +461.4% |
| Profit (loss) for the period | 9904 | €18,831 | €9,199 | -€9,632 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,831 | €9,199 | -€9,632 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.