SH Audio: 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.
SH Audio
Largest movements
- Cash +€7,267
up €7,267 (+31.2%), from €23,296 to €30,563
mainly Other debts (+€41,970) and Net result for the year (+€9,699)
- Receivables within one year -€3,526
down €3,526 (-10.7%), from €32,974 to €29,448
of which Trade receivables: -€14,776
- Other debts +€41,970
new in 2025: €41,970
- Profit (loss) carried forward -€39,677
down €39,677 (-97.0%), from €40,918 to €1,240
- Tax, wage and social debts +€1,469
up €1,469 (+8.9%), from €16,447 to €17,917
of which Taxes: +€1,803
- Gross operating margin -€6,184
down €6,184 (-22.9%), from €27,001 to €20,818
- Other operating charges +€3,605
up €3,605 (+975.1%), from €370 to €3,975
- Staff costs -€2,797
down €2,797, from €2,463 to -€334
- Taxes -€1,790
down €1,790 (-22.2%), from €8,050 to €6,260
- Depreciation +€834
up €834 (+134.4%), from €621 to €1,455
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 | €58,833 | €62,329 | +€3,496 | +5.9% |
| Fixed assets | 21/28 | €2,475 | €2,227 | -€249 | -10.0% |
| Tangible fixed assets | 22/27 | €2,475 | €2,227 | -€249 | -10.0% |
| Plant, machinery and equipment | 23 | €1,542 | €1,605 | +€63 | +4.1% |
| Furniture and vehicles | 24 | €933 | €622 | -€311 | -33.4% |
| Current assets | 29/58 | €56,358 | €60,103 | +€3,745 | +6.6% |
| Amounts receivable within one year | 40/41 | €32,974 | €29,448 | -€3,526 | -10.7% |
| Trade receivables | 40 | €19,685 | €4,909 | -€14,776 | -75.1% |
| Other amounts receivable | 41 | €13,288 | €24,539 | +€11,251 | +84.7% |
| Cash at bank and in hand | 54/58 | €23,296 | €30,563 | +€7,267 | +31.2% |
| Deferred charges and accrued income | 490/1 | €88 | €92 | +€4 | +4.1% |
| Total equity and liabilities | 10/49 | €58,833 | €62,329 | +€3,496 | +5.9% |
| Equity | 10/15 | €41,418 | €1,740 | -€39,677 | -95.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,918 | €1,240 | -€39,677 | -97.0% |
| Amounts payable | 17/49 | €17,415 | €60,589 | +€43,174 | +247.9% |
| Amounts payable within one year | 42/48 | €17,415 | €60,589 | +€43,174 | +247.9% |
| Trade debts | 44 | €968 | €702 | -€266 | -27.5% |
| Suppliers | 440/4 | €968 | €702 | -€266 | -27.5% |
| Taxes, remuneration and social security | 45 | €16,447 | €17,917 | +€1,469 | +8.9% |
| Taxes | 450/3 | €16,113 | €17,917 | +€1,803 | +11.2% |
| Remuneration and social security | 454/9 | €334 | - | -€334 | |
| Other amounts payable | 47/48 | - | €41,970 | +€41,970 | |
| Remuneration, social security and pensions | 62 | €2,463 | -€334 | -€2,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €1,455 | +€834 | +134.4% |
| Other operating charges | 640/8 | €370 | €3,975 | +€3,605 | +975.1% |
| Gross operating margin | 9900 | €27,001 | €20,818 | -€6,184 | -22.9% |
| Operating profit (loss) | 9901 | €23,547 | €15,722 | -€7,826 | -33.2% |
| Financial income | 75/76B | €538 | €951 | +€413 | +76.9% |
| Recurring financial income | 75 | €538 | €951 | +€413 | +76.9% |
| Financial charges | 65/66B | €615 | €713 | +€98 | +15.9% |
| Recurring financial charges | 65 | €615 | €713 | +€98 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €23,470 | €15,960 | -€7,510 | -32.0% |
| Income taxes | 67/77 | €8,050 | €6,260 | -€1,790 | -22.2% |
| Profit (loss) for the period | 9904 | €15,420 | €9,699 | -€5,721 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,420 | €9,699 | -€5,721 | -37.1% |
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 7 October 2026 via checked.be.