SH-Bouw: 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.
SH-Bouw
Largest movements
- Receivables within one year -€26,065
down €26,065 (-15.0%), from €173,357 to €147,292
of which Trade receivables: -€69,523
- Tangible fixed assets -€13,867
down €13,867 (-29.3%), from €47,379 to €33,512
of which Plant, machinery and equipment: -€16,100
- Current investments +€10,779
new in 2024: €10,779
- Deferred charges and accrued income +€2,543
new in 2024: €2,543
- Tax, wage and social debts +€92,761
up €92,761 (+355%), from €26,095 to €118,855
of which Remuneration and social security: +€85,477
- Trade debts -€79,572
down €79,572 (-58.3%), from €136,567 to €56,995
- Profit (loss) carried forward -€16,654
down €16,654 (-29.1%), from -€57,234 to -€73,888
- Current portion of long-term debt -€12,843
down €12,843 (-76.3%), from €16,837 to €3,994
- Short-term financial debts -€5,727
no longer reported in 2024 (was €5,727)
- Gross operating margin +€75,670
up €75,670 (+32.5%), from €232,485 to €308,155
- Staff costs +€59,060
up €59,060 (+27.1%), from €217,912 to €276,972
- Depreciation -€6,450
down €6,450 (-23.6%), from €27,291 to €20,841
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,736 | €195,625 | -€25,111 | -11.4% |
| Fixed assets | 21/28 | €47,379 | €33,512 | -€13,867 | -29.3% |
| Tangible fixed assets | 22/27 | €47,379 | €33,512 | -€13,867 | -29.3% |
| Plant, machinery and equipment | 23 | €32,432 | €16,331 | -€16,100 | -49.6% |
| Furniture and vehicles | 24 | €9,097 | €14,029 | +€4,933 | +54.2% |
| Leasing and similar rights | 25 | €5,851 | €3,151 | -€2,700 | -46.1% |
| Current assets | 29/58 | €173,357 | €162,113 | -€11,244 | -6.5% |
| Amounts receivable after more than one year | 29 | - | €1,500 | +€1,500 | |
| Trade receivables | 290 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €173,357 | €147,292 | -€26,065 | -15.0% |
| Trade receivables | 40 | €173,357 | €103,834 | -€69,523 | -40.1% |
| Other amounts receivable | 41 | - | €43,457 | +€43,457 | |
| Current investments | 50/53 | - | €10,779 | +€10,779 | |
| Deferred charges and accrued income | 490/1 | - | €2,543 | +€2,543 | |
| Total equity and liabilities | 10/49 | €220,736 | €195,625 | -€25,111 | -11.4% |
| Equity | 10/15 | -€24,910 | -€41,564 | -€16,654 | -66.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,124 | €26,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,264 | €24,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,234 | -€73,888 | -€16,654 | -29.1% |
| Amounts payable | 17/49 | €245,646 | €237,189 | -€8,457 | -3.4% |
| Amounts payable after more than one year | 17 | €30,352 | €27,276 | -€3,076 | -10.1% |
| Financial debts | 170/4 | €30,352 | €27,276 | -€3,076 | -10.1% |
| Amounts payable within one year | 42/48 | €215,294 | €209,913 | -€5,381 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €16,837 | €3,994 | -€12,843 | -76.3% |
| Financial debts | 43 | €5,727 | - | -€5,727 | |
| Credit institutions | 430/8 | €5,727 | - | -€5,727 | |
| Trade debts | 44 | €136,567 | €56,995 | -€79,572 | -58.3% |
| Suppliers | 440/4 | €136,567 | €56,995 | -€79,572 | -58.3% |
| Taxes, remuneration and social security | 45 | €26,095 | €118,855 | +€92,761 | +355% |
| Taxes | 450/3 | €17,515 | €24,799 | +€7,284 | +41.6% |
| Remuneration and social security | 454/9 | €8,579 | €94,057 | +€85,477 | +996% |
| Other amounts payable | 47/48 | €30,069 | €30,069 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €217,912 | €276,972 | +€59,060 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,291 | €20,841 | -€6,450 | -23.6% |
| Other operating charges | 640/8 | €15,223 | €16,686 | +€1,463 | +9.6% |
| Non-recurring operating charges | 66A | - | €4,993 | +€4,993 | |
| Gross operating margin | 9900 | €232,485 | €308,155 | +€75,670 | +32.5% |
| Operating profit (loss) | 9901 | -€27,941 | -€11,337 | +€16,605 | +59.4% |
| Financial income | 75/76B | €44 | €10 | -€34 | -76.8% |
| Recurring financial income | 75 | €44 | €10 | -€34 | -76.8% |
| Financial charges | 65/66B | €4,084 | €5,328 | +€1,244 | +30.5% |
| Recurring financial charges | 65 | €4,084 | €5,328 | +€1,244 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,981 | -€16,654 | +€15,327 | +47.9% |
| Profit (loss) for the period | 9904 | -€31,981 | -€16,654 | +€15,327 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,981 | -€16,654 | +€15,327 | +47.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.