SH CONSULT: 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 CONSULT
Largest movements
- Cash +€75,643
up €75,643 (+558.2%), from €13,551 to €89,195
mainly Net result for the year (+€51,129) and Tax, wage and social debts (+€22,392)
- Receivables within one year -€5,381
down €5,381 (-39.6%), from €13,582 to €8,201
of which Trade receivables: -€13,582
- Deferred charges and accrued income +€1,079
up €1,079 (+997.2%), from €108 to €1,187
- Reserves +€51,129
new in 2025: €51,129
- Tax, wage and social debts +€22,392
up €22,392 (+160.4%), from €13,964 to €36,355
of which Taxes: +€22,523
- Other debts -€1,986
down €1,986 (-100.0%), from €1,986 to €0
- Gross operating margin +€58,429
up €58,429 (+450.3%), from €12,975 to €71,404
- Taxes +€17,168
up €17,168 (+650.1%), from €2,641 to €19,809
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 | €30,050 | €101,109 | +€71,059 | +236.5% |
| Fixed assets | 21/28 | €2,809 | €2,526 | -€282 | -10.1% |
| Tangible fixed assets | 22/27 | €2,809 | €2,526 | -€282 | -10.1% |
| Plant, machinery and equipment | 23 | €2,809 | €2,526 | -€282 | -10.1% |
| Current assets | 29/58 | €27,241 | €98,583 | +€71,341 | +261.9% |
| Amounts receivable within one year | 40/41 | €13,582 | €8,201 | -€5,381 | -39.6% |
| Trade receivables | 40 | €13,582 | €0 | -€13,582 | -100.0% |
| Other amounts receivable | 41 | - | €8,201 | +€8,201 | |
| Cash at bank and in hand | 54/58 | €13,551 | €89,195 | +€75,643 | +558.2% |
| Deferred charges and accrued income | 490/1 | €108 | €1,187 | +€1,079 | +997.2% |
| Total equity and liabilities | 10/49 | €30,050 | €101,109 | +€71,059 | +236.5% |
| Equity | 10/15 | €12,466 | €63,595 | +€51,129 | +410.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €51,129 | +€51,129 | |
| Distributable reserves | 133 | - | €51,129 | +€51,129 | |
| Profit (loss) carried forward | 14 | €9,466 | €9,466 | = | 0.0% |
| Amounts payable | 17/49 | €17,584 | €37,514 | +€19,930 | +113.3% |
| Amounts payable within one year | 42/48 | €17,222 | €37,514 | +€20,292 | +117.8% |
| Trade debts | 44 | €1,273 | €1,159 | -€114 | -9.0% |
| Suppliers | 440/4 | €1,273 | €1,159 | -€114 | -9.0% |
| Taxes, remuneration and social security | 45 | €13,964 | €36,355 | +€22,392 | +160.4% |
| Taxes | 450/3 | €9,852 | €32,375 | +€22,523 | +228.6% |
| Remuneration and social security | 454/9 | €4,112 | €3,981 | -€131 | -3.2% |
| Other amounts payable | 47/48 | €1,986 | €0 | -€1,986 | -100.0% |
| Accrued charges and deferred income | 492/3 | €362 | €0 | -€362 | -100.0% |
| Remuneration, social security and pensions | 62 | €553 | €0 | -€553 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €282 | +€268 | +1825.9% |
| Other operating charges | 640/8 | €117 | €288 | +€171 | +145.3% |
| Gross operating margin | 9900 | €12,975 | €71,404 | +€58,429 | +450.3% |
| Operating profit (loss) | 9901 | €12,290 | €70,834 | +€58,544 | +476.4% |
| Financial income | 75/76B | - | €222 | +€222 | |
| Recurring financial income | 75 | - | €222 | +€222 | |
| Financial charges | 65/66B | €183 | €118 | -€65 | -35.6% |
| Recurring financial charges | 65 | €183 | €118 | -€65 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €12,107 | €70,938 | +€58,831 | +485.9% |
| Income taxes | 67/77 | €2,641 | €19,809 | +€17,168 | +650.1% |
| Profit (loss) for the period | 9904 | €9,466 | €51,129 | +€41,663 | +440.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,466 | €51,129 | +€41,663 | +440.1% |
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 3 October 2026 via checked.be.