SH CONNECT & COMPUTER: 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 CONNECT & COMPUTER
Largest movements
- Cash +€92,693
up €92,693 (+77.0%), from €120,424 to €213,118
mainly Net result for the year (+€105,640) and Current investments (+€35,021)
- Current investments -€35,021
down €35,021 (-23.7%), from €147,795 to €112,773
- Receivables within one year +€20,701
up €20,701 (+31.1%), from €66,581 to €87,282
of which Other amounts receivable: +€14,866
- Tangible fixed assets -€9,724
down €9,724 (-5.7%), from €170,058 to €160,334
of which Leasing and similar rights: -€6,374
- Stocks and contracts -€7,824
down €7,824 (-16.8%), from €46,488 to €38,664
- Profit (loss) carried forward +€105,640
up €105,640 (+31.2%), from €338,818 to €444,459
- Trade debts -€35,553
no longer reported in 2025 (was €35,553)
- Debts after one year -€17,676
down €17,676 (-39.5%), from €44,765 to €27,089
- Tax, wage and social debts +€10,501
up €10,501 (+89.1%), from €11,783 to €22,284
of which Taxes: +€10,472
- Gross operating margin -€6,923
down €6,923 (-3.1%), from €222,156 to €215,233
- Taxes -€6,697
down €6,697 (-15.2%), from €43,948 to €37,251
- Depreciation +€6,075
up €6,075 (+58.9%), from €10,317 to €16,391
- Staff costs +€4,401
up €4,401 (+9.5%), from €46,185 to €50,587
- Other operating charges -€3,704
down €3,704 (-34.6%), from €10,720 to €7,016
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 | €554,029 | €615,060 | +€61,031 | +11.0% |
| Fixed assets | 21/28 | €170,208 | €160,484 | -€9,724 | -5.7% |
| Tangible fixed assets | 22/27 | €170,058 | €160,334 | -€9,724 | -5.7% |
| Land and buildings | 22 | €134,703 | €129,458 | -€5,245 | -3.9% |
| Plant, machinery and equipment | 23 | €13,671 | €15,344 | +€1,673 | +12.2% |
| Furniture and vehicles | 24 | €2,804 | €3,026 | +€222 | +7.9% |
| Leasing and similar rights | 25 | €18,880 | €12,506 | -€6,374 | -33.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €383,821 | €454,577 | +€70,755 | +18.4% |
| Stocks and contracts in progress | 3 | €46,488 | €38,664 | -€7,824 | -16.8% |
| Stocks | 30/36 | €46,488 | €38,664 | -€7,824 | -16.8% |
| Amounts receivable within one year | 40/41 | €66,581 | €87,282 | +€20,701 | +31.1% |
| Trade receivables | 40 | €32,851 | €38,687 | +€5,835 | +17.8% |
| Other amounts receivable | 41 | €33,730 | €48,596 | +€14,866 | +44.1% |
| Current investments | 50/53 | €147,795 | €112,773 | -€35,021 | -23.7% |
| Cash at bank and in hand | 54/58 | €120,424 | €213,118 | +€92,693 | +77.0% |
| Deferred charges and accrued income | 490/1 | €2,534 | €2,740 | +€206 | +8.1% |
| Total equity and liabilities | 10/49 | €554,029 | €615,060 | +€61,031 | +11.0% |
| Equity | 10/15 | €408,943 | €514,584 | +€105,640 | +25.8% |
| Contributions | 10/11 | €63,750 | €63,750 | = | 0.0% |
| Capital | 10 | €63,750 | €63,750 | = | 0.0% |
| Issued capital | 100 | €63,750 | €63,750 | = | 0.0% |
| Reserves | 13 | €6,375 | €6,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,375 | €6,375 | = | 0.0% |
| Legal reserve | 130 | €6,375 | €6,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €338,818 | €444,459 | +€105,640 | +31.2% |
| Amounts payable | 17/49 | €145,086 | €100,477 | -€44,609 | -30.7% |
| Amounts payable after more than one year | 17 | €44,765 | €27,089 | -€17,676 | -39.5% |
| Financial debts | 170/4 | €44,765 | €27,089 | -€17,676 | -39.5% |
| Amounts payable within one year | 42/48 | €100,320 | €73,388 | -€26,932 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €29,078 | €29,372 | +€294 | +1.0% |
| Trade debts | 44 | €35,553 | - | -€35,553 | |
| Suppliers | 440/4 | €35,553 | - | -€35,553 | |
| Advances received on contracts in progress | 46 | €4,921 | €1,569 | -€3,353 | -68.1% |
| Taxes, remuneration and social security | 45 | €11,783 | €22,284 | +€10,501 | +89.1% |
| Taxes | 450/3 | - | €10,472 | +€10,472 | |
| Remuneration and social security | 454/9 | €11,783 | €11,811 | +€29 | +0.2% |
| Other amounts payable | 47/48 | €18,985 | €20,163 | +€1,179 | +6.2% |
| Remuneration, social security and pensions | 62 | €46,185 | €50,587 | +€4,401 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,317 | €16,391 | +€6,075 | +58.9% |
| Other operating charges | 640/8 | €10,720 | €7,016 | -€3,704 | -34.6% |
| Gross operating margin | 9900 | €222,156 | €215,233 | -€6,923 | -3.1% |
| Operating profit (loss) | 9901 | €154,934 | €141,239 | -€13,695 | -8.8% |
| Financial income | 75/76B | €6,529 | €4,074 | -€2,455 | -37.6% |
| Recurring financial income | 75 | €6,529 | €4,074 | -€2,455 | -37.6% |
| Financial charges | 65/66B | €2,303 | €2,422 | +€119 | +5.1% |
| Recurring financial charges | 65 | €2,303 | €2,422 | +€119 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €159,159 | €142,891 | -€16,268 | -10.2% |
| Income taxes | 67/77 | €43,948 | €37,251 | -€6,697 | -15.2% |
| Profit (loss) for the period | 9904 | €115,211 | €105,640 | -€9,571 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,211 | €105,640 | -€9,571 | -8.3% |
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 13 October 2026 via checked.be.