SH Digital Innovation: 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 Digital Innovation
Largest movements
- Cash +€47,393
up €47,393 (+793%), from €5,974 to €53,368
mainly Receivables within one year (+€38,379) and Net result for the year (+€28,961)
- Receivables within one year -€38,379
down €38,379 (-70.6%), from €54,335 to €15,956
of which Other amounts receivable: -€28,255
- Deferred charges and accrued income +€6,752
up €6,752 (+114%), from €5,921 to €12,672
- Contributions +€25,000
up €25,000 (+1,250%), from €2,000 to €27,000
- Other debts -€21,039
down €21,039 (-84.2%), from €25,000 to €3,961
- Tax, wage and social debts +€17,623
up €17,623 (+148%), from €11,909 to €29,531
- Accrued charges and deferred income +€10,946
up €10,946 (+1,522%), from €719 to €11,665
- Profit (loss) carried forward -€9,961
down €9,961 (-49.9%), from €19,961 to €10,000
- Gross operating margin +€14,495
up €14,495 (+45.0%), from €32,215 to €46,710
- Taxes +€8,373
up €8,373 (+106%), from €7,872 to €16,245
- Depreciation -€1,825
down €1,825 (-61.1%), from €2,988 to €1,163
- Financial income +€800
up €800 (+126%), from €637 to €1,437
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 | €74,894 | €90,338 | +€15,443 | +20.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,664 | €8,342 | -€322 | -3.7% |
| Tangible fixed assets | 22/27 | €7,473 | €7,151 | -€322 | -4.3% |
| Plant, machinery and equipment | 23 | €6,329 | €5,647 | -€682 | -10.8% |
| Furniture and vehicles | 24 | €1,144 | €1,504 | +€360 | +31.4% |
| Financial fixed assets | 28 | €1,191 | €1,191 | = | 0.0% |
| Current assets | 29/58 | €66,230 | €81,996 | +€15,766 | +23.8% |
| Amounts receivable within one year | 40/41 | €54,335 | €15,956 | -€38,379 | -70.6% |
| Trade receivables | 40 | €22,747 | €12,622 | -€10,125 | -44.5% |
| Other amounts receivable | 41 | €31,588 | €3,334 | -€28,255 | -89.4% |
| Cash at bank and in hand | 54/58 | €5,974 | €53,368 | +€47,393 | +793% |
| Deferred charges and accrued income | 490/1 | €5,921 | €12,672 | +€6,752 | +114% |
| Total equity and liabilities | 10/49 | €74,894 | €90,338 | +€15,443 | +20.6% |
| Equity | 10/15 | €21,961 | €37,000 | +€15,040 | +68.5% |
| Contributions | 10/11 | €2,000 | €27,000 | +€25,000 | +1,250% |
| Profit (loss) carried forward | 14 | €19,961 | €10,000 | -€9,961 | -49.9% |
| Amounts payable | 17/49 | €52,934 | €53,338 | +€404 | +0.8% |
| Amounts payable within one year | 42/48 | €52,215 | €41,672 | -€10,542 | -20.2% |
| Trade debts | 44 | €15,306 | €8,180 | -€7,126 | -46.6% |
| Suppliers | 440/4 | €15,306 | €8,180 | -€7,126 | -46.6% |
| Taxes, remuneration and social security | 45 | €11,909 | €29,531 | +€17,623 | +148% |
| Taxes | 450/3 | €11,909 | €29,531 | +€17,623 | +148% |
| Other amounts payable | 47/48 | €25,000 | €3,961 | -€21,039 | -84.2% |
| Accrued charges and deferred income | 492/3 | €719 | €11,665 | +€10,946 | +1,522% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,988 | €1,163 | -€1,825 | -61.1% |
| Other operating charges | 640/8 | €63 | €157 | +€94 | +149% |
| Gross operating margin | 9900 | €32,215 | €46,710 | +€14,495 | +45.0% |
| Operating profit (loss) | 9901 | €29,164 | €45,390 | +€16,226 | +55.6% |
| Financial income | 75/76B | €637 | €1,437 | +€800 | +126% |
| Recurring financial income | 75 | €637 | €1,437 | +€800 | +126% |
| Financial charges | 65/66B | €1,335 | €1,621 | +€285 | +21.4% |
| Recurring financial charges | 65 | €1,335 | €1,621 | +€285 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €28,466 | €45,206 | +€16,741 | +58.8% |
| Income taxes | 67/77 | €7,872 | €16,245 | +€8,373 | +106% |
| Profit (loss) for the period | 9904 | €20,594 | €28,961 | +€8,368 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,594 | €28,961 | +€8,368 | +40.6% |
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 25 October 2026 via checked.be.