SH & Co: 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 & Co
Largest movements
- Receivables within one year +€16,710
up €16,710 (+65.2%), from €25,612 to €42,322
of which Other amounts receivable: +€17,000
- Deferred charges and accrued income -€7,158
down €7,158 (-67.4%), from €10,616 to €3,458
- Cash -€6,236
down €6,236 (-71.4%), from €8,737 to €2,500
mainly Receivables within one year (-€16,710) and Accrued charges and deferred income (-€5,265)
- Profit (loss) carried forward +€9,401
up €9,401 (+21.8%), from -€43,157 to -€33,756
- Accrued charges and deferred income -€5,265
down €5,265 (-90.4%), from €5,826 to €561
- Trade debts -€3,505
down €3,505 (-68.9%), from €5,086 to €1,581
- Tax, wage and social debts +€2,456
up €2,456 (+279.7%), from €878 to €3,334
- Gross operating margin +€4,436
up €4,436 (+37.7%), from €11,779 to €16,215
- Purchases and services -€3,856
down €3,856 (-15.9%), from €24,204 to €20,348
- Taxes +€2,577
up €2,577 (+892.8%), from €289 to €2,866
- Turnover -€1,840
down €1,840 (-35.0%), from €5,259 to €3,419
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 | €46,446 | €49,762 | +€3,315 | +7.1% |
| Fixed assets | 21/28 | €1,482 | €1,482 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,482 | €1,482 | = | 0.0% |
| Land and buildings | 22 | €1,482 | €1,482 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €44,965 | €48,280 | +€3,315 | +7.4% |
| Amounts receivable within one year | 40/41 | €25,612 | €42,322 | +€16,710 | +65.2% |
| Trade receivables | 40 | €290 | - | -€290 | |
| Other amounts receivable | 41 | €25,322 | €42,322 | +€17,000 | +67.1% |
| Cash at bank and in hand | 54/58 | €8,737 | €2,500 | -€6,236 | -71.4% |
| Deferred charges and accrued income | 490/1 | €10,616 | €3,458 | -€7,158 | -67.4% |
| Total equity and liabilities | 10/49 | €46,446 | €49,762 | +€3,315 | +7.1% |
| Equity | 10/15 | €29,141 | €38,542 | +€9,401 | +32.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €22,719 | €22,719 | = | 0.0% |
| Distributable reserves | 133 | €22,719 | €22,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,157 | -€33,756 | +€9,401 | +21.8% |
| Amounts payable | 17/49 | €17,305 | €11,219 | -€6,086 | -35.2% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €11,479 | €10,658 | -€821 | -7.2% |
| Trade debts | 44 | €5,086 | €1,581 | -€3,505 | -68.9% |
| Suppliers | 440/4 | €5,086 | €1,581 | -€3,505 | -68.9% |
| Taxes, remuneration and social security | 45 | €878 | €3,334 | +€2,456 | +279.7% |
| Taxes | 450/3 | €878 | €3,334 | +€2,456 | +279.7% |
| Other amounts payable | 47/48 | €5,516 | €5,743 | +€227 | +4.1% |
| Accrued charges and deferred income | 492/3 | €5,826 | €561 | -€5,265 | -90.4% |
| Turnover | 70 | €5,259 | €3,419 | -€1,840 | -35.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,204 | €20,348 | -€3,856 | -15.9% |
| Other operating charges | 640/8 | €3,962 | €3,855 | -€107 | -2.7% |
| Gross operating margin | 9900 | €11,779 | €16,215 | +€4,436 | +37.7% |
| Operating profit (loss) | 9901 | €7,817 | €12,360 | +€4,543 | +58.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €64 | €94 | +€29 | +45.7% |
| Recurring financial charges | 65 | €64 | €94 | +€29 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €7,753 | €12,267 | +€4,514 | +58.2% |
| Income taxes | 67/77 | €289 | €2,866 | +€2,577 | +892.8% |
| Profit (loss) for the period | 9904 | €7,465 | €9,401 | +€1,937 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,465 | €9,401 | +€1,937 | +25.9% |
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 12 October 2026 via checked.be.