SH DESSIN: 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 DESSIN
Largest movements
- Cash -€5,123
down €5,123 (-35.2%), from €14,556 to €9,433
mainly Investment in fixed assets (net) (-€1,795) and Net result for the year (-€1,206)
- Tangible fixed assets +€1,785
new in 2025: €1,785
- Deferred charges and accrued income -€319
down €319 (-51.3%), from €622 to €303
- Receivables within one year +€219
up €219 (+4.2%), from €5,151 to €5,370
of which Other amounts receivable: +€1,427
- Profit (loss) carried forward -€1,206
down €1,206, from €92 to -€1,114
- Current portion of long-term debt -€1,153
no longer reported in 2025 (was €1,153)
- Tax, wage and social debts -€665
down €665 (-15.6%), from €4,265 to €3,600
of which Taxes: -€815
- Other debts -€579
down €579 (-67.4%), from €858 to €279
- Gross operating margin -€9,679
down €9,679, from €9,236 to -€444
- Depreciation -€4,375
down €4,375 (-99.8%), from €4,385 to €10
- Taxes -€1,427
down €1,427 (-86.8%), from €1,643 to €216
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 | €20,330 | €16,891 | -€3,439 | -16.9% |
| Fixed assets | 21/28 | - | €1,785 | +€1,785 | |
| Tangible fixed assets | 22/27 | - | €1,785 | +€1,785 | |
| Furniture and vehicles | 24 | - | €1,785 | +€1,785 | |
| Current assets | 29/58 | €20,330 | €15,106 | -€5,224 | -25.7% |
| Amounts receivable within one year | 40/41 | €5,151 | €5,370 | +€219 | +4.2% |
| Trade receivables | 40 | €4,795 | €3,586 | -€1,208 | -25.2% |
| Other amounts receivable | 41 | €357 | €1,784 | +€1,427 | +400% |
| Cash at bank and in hand | 54/58 | €14,556 | €9,433 | -€5,123 | -35.2% |
| Deferred charges and accrued income | 490/1 | €622 | €303 | -€319 | -51.3% |
| Total equity and liabilities | 10/49 | €20,330 | €16,891 | -€3,439 | -16.9% |
| Equity | 10/15 | €13,592 | €12,386 | -€1,206 | -8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92 | -€1,114 | -€1,206 | |
| Amounts payable | 17/49 | €6,737 | €4,505 | -€2,232 | -33.1% |
| Amounts payable within one year | 42/48 | €6,737 | €4,505 | -€2,232 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €1,153 | - | -€1,153 | |
| Trade debts | 44 | €461 | €625 | +€164 | +35.5% |
| Suppliers | 440/4 | €461 | €625 | +€164 | +35.5% |
| Taxes, remuneration and social security | 45 | €4,265 | €3,600 | -€665 | -15.6% |
| Taxes | 450/3 | €2,515 | €1,700 | -€815 | -32.4% |
| Remuneration and social security | 454/9 | €1,750 | €1,900 | +€150 | +8.6% |
| Other amounts payable | 47/48 | €858 | €279 | -€579 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,385 | €10 | -€4,375 | -99.8% |
| Other operating charges | 640/8 | €349 | €408 | +€59 | +16.9% |
| Gross operating margin | 9900 | €9,236 | -€444 | -€9,679 | |
| Operating profit (loss) | 9901 | €4,501 | -€862 | -€5,363 | |
| Financial charges | 65/66B | €154 | €128 | -€27 | -17.2% |
| Recurring financial charges | 65 | €154 | €128 | -€27 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €4,347 | -€990 | -€5,337 | |
| Income taxes | 67/77 | €1,643 | €216 | -€1,427 | -86.8% |
| Profit (loss) for the period | 9904 | €2,704 | -€1,206 | -€3,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | -€1,206 | -€3,910 |
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 20 October 2026 via checked.be.