SH Chauffage: 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 Chauffage
Largest movements
- Cash +€32,142
up €32,142 (+37,379%), from €86 to €32,228
mainly Trade debts (+€42,909) and Net result for the year (+€14,523)
- Receivables within one year +€30,851
up €30,851 (+65.0%), from €47,480 to €78,331
of which Trade receivables: +€32,665
- Tangible fixed assets -€2,275
down €2,275 (-44.7%), from €5,092 to €2,817
of which Plant, machinery and equipment: -€1,970
- Trade debts +€42,909
up €42,909 (+161%), from €26,692 to €69,601
- Profit (loss) carried forward +€14,523
up €14,523 (+75.2%), from -€19,305 to -€4,782
- Other debts +€3,104
up €3,104 (+18.1%), from €17,162 to €20,266
- Gross operating margin +€15,437
up €15,437 (+325%), from €4,750 to €20,187
- Staff costs -€1,493
no longer reported in 2025 (was €1,493)
- Taxes +€700
new in 2025: €700
- Financial charges +€390
up €390 (+20.5%), from €1,898 to €2,288
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 | €52,658 | €113,376 | +€60,718 | +115% |
| Fixed assets | 21/28 | €5,092 | €2,817 | -€2,275 | -44.7% |
| Tangible fixed assets | 22/27 | €5,092 | €2,817 | -€2,275 | -44.7% |
| Plant, machinery and equipment | 23 | €4,328 | €2,358 | -€1,970 | -45.5% |
| Furniture and vehicles | 24 | €764 | €459 | -€305 | -39.9% |
| Current assets | 29/58 | €47,566 | €110,559 | +€62,993 | +132% |
| Amounts receivable within one year | 40/41 | €47,480 | €78,331 | +€30,851 | +65.0% |
| Trade receivables | 40 | €40,277 | €72,942 | +€32,665 | +81.1% |
| Other amounts receivable | 41 | €7,203 | €5,389 | -€1,814 | -25.2% |
| Cash at bank and in hand | 54/58 | €86 | €32,228 | +€32,142 | +37,379% |
| Total equity and liabilities | 10/49 | €52,658 | €113,376 | +€60,718 | +115% |
| Equity | 10/15 | €7,375 | €21,898 | +€14,523 | +197% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,680 | €21,680 | = | 0.0% |
| Distributable reserves | 133 | €21,680 | €21,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,305 | -€4,782 | +€14,523 | +75.2% |
| Amounts payable | 17/49 | €45,284 | €91,478 | +€46,195 | +102% |
| Amounts payable within one year | 42/48 | €45,284 | €91,478 | +€46,195 | +102% |
| Trade debts | 44 | €26,692 | €69,601 | +€42,909 | +161% |
| Suppliers | 440/4 | €26,692 | €69,601 | +€42,909 | +161% |
| Taxes, remuneration and social security | 45 | €1,430 | €1,612 | +€182 | +12.7% |
| Taxes | 450/3 | €1,112 | €1,612 | +€500 | +45.0% |
| Remuneration and social security | 454/9 | €318 | - | -€318 | |
| Other amounts payable | 47/48 | €17,162 | €20,266 | +€3,104 | +18.1% |
| Remuneration, social security and pensions | 62 | €1,493 | - | -€1,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,415 | €2,275 | -€140 | -5.8% |
| Other operating charges | 640/8 | €394 | €402 | +€8 | +2.0% |
| Gross operating margin | 9900 | €4,750 | €20,187 | +€15,437 | +325% |
| Operating profit (loss) | 9901 | €448 | €17,510 | +€17,062 | +3,804% |
| Financial income | 75/76B | €1 | €1 | -€0 | -10.4% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -10.4% |
| Financial charges | 65/66B | €1,898 | €2,288 | +€390 | +20.5% |
| Recurring financial charges | 65 | €1,898 | €2,288 | +€390 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,449 | €15,223 | +€16,672 | |
| Income taxes | 67/77 | - | €700 | +€700 | |
| Profit (loss) for the period | 9904 | -€1,449 | €14,523 | +€15,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,449 | €14,523 | +€15,972 |
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 26 October 2026 via checked.be.