SH CAR: 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 CAR
Largest movements
- Stocks and contracts +€24,245
up €24,245 (+19.0%), from €127,798 to €152,043
- Receivables within one year -€23,554
down €23,554 (-91.5%), from €25,739 to €2,185
of which Trade receivables: -€21,421
- Other debts +€7,534
up €7,534 (+9.4%), from €80,483 to €88,017
- Tax, wage and social debts -€5,059
down €5,059 (-32.4%), from €15,620 to €10,561
of which Remuneration and social security: -€5,059
- Gross operating margin -€5,584
down €5,584 (-69.0%), from €8,092 to €2,508
- Taxes +€1,376
up €1,376 (+92.1%), from €1,494 to €2,870
- Other operating charges -€833
down €833 (-69.3%), from €1,202 to €369
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 | €156,919 | €158,296 | +€1,377 | +0.9% |
| Current assets | 29/58 | €156,919 | €158,296 | +€1,377 | +0.9% |
| Stocks and contracts in progress | 3 | €127,798 | €152,043 | +€24,245 | +19.0% |
| Stocks | 30/36 | €127,798 | €152,043 | +€24,245 | +19.0% |
| Amounts receivable within one year | 40/41 | €25,739 | €2,185 | -€23,554 | -91.5% |
| Trade receivables | 40 | €21,421 | - | -€21,421 | |
| Other amounts receivable | 41 | €4,318 | €2,185 | -€2,133 | -49.4% |
| Cash at bank and in hand | 54/58 | €3,382 | €4,068 | +€686 | +20.3% |
| Total equity and liabilities | 10/49 | €156,919 | €158,296 | +€1,377 | +0.9% |
| Equity | 10/15 | €58,511 | €57,623 | -€888 | -1.5% |
| Contributions | 10/11 | €19,345 | €19,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,166 | €38,277 | -€888 | -2.3% |
| Amounts payable | 17/49 | €98,408 | €100,673 | +€2,265 | +2.3% |
| Amounts payable within one year | 42/48 | €98,408 | €100,673 | +€2,265 | +2.3% |
| Trade debts | 44 | €2,305 | €2,095 | -€210 | -9.1% |
| Suppliers | 440/4 | €2,305 | €2,095 | -€210 | -9.1% |
| Taxes, remuneration and social security | 45 | €15,620 | €10,561 | -€5,059 | -32.4% |
| Taxes | 450/3 | €10,561 | €10,561 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,059 | - | -€5,059 | |
| Other amounts payable | 47/48 | €80,483 | €88,017 | +€7,534 | +9.4% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €1,202 | €369 | -€833 | -69.3% |
| Gross operating margin | 9900 | €8,092 | €2,508 | -€5,584 | -69.0% |
| Operating profit (loss) | 9901 | €6,890 | €2,139 | -€4,751 | -69.0% |
| Financial charges | 65/66B | €160 | €157 | -€3 | -1.7% |
| Recurring financial charges | 65 | €160 | €157 | -€3 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €6,730 | €1,981 | -€4,749 | -70.6% |
| Income taxes | 67/77 | €1,494 | €2,870 | +€1,376 | +92.1% |
| Profit (loss) for the period | 9904 | €5,236 | -€888 | -€6,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,236 | -€888 | -€6,124 |
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 6 October 2026 via checked.be.