SH EXPERTISE: 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 EXPERTISE
Largest movements
- Cash -€6,707
down €6,707 (-44.1%), from €15,221 to €8,514
mainly Receivables within one year (-€6,481) and Tax, wage and social debts (-€2,737)
- Receivables within one year +€6,481
up €6,481 (+222%), from €2,921 to €9,402
of which Trade receivables: +€6,441
- Tangible fixed assets -€934
down €934 (-21.4%), from €4,357 to €3,423
of which Other tangible fixed assets: -€486
- Deferred charges and accrued income -€457
down €457 (-20.2%), from €2,257 to €1,800
- Tax, wage and social debts -€2,737
down €2,737 (-87.1%), from €3,143 to €406
of which Taxes: -€1,991
- Accrued charges and deferred income +€1,320
up €1,320 (+341%), from €387 to €1,707
- Reserves -€899
down €899 (-6.6%), from €13,540 to €12,641
- Trade debts +€732
up €732 (+80.5%), from €909 to €1,641
- Financial charges +€692
up €692 (+214%), from €323 to €1,015
- Depreciation +€621
up €621 (+198%), from €313 to €934
- Gross operating margin -€522
down €522 (-11.2%), from €4,647 to €4,125
- Other operating charges -€249
down €249 (-26.5%), from €941 to €692
- Taxes -€218
down €218 (-12.3%), from €1,778 to €1,560
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 | €24,795 | €23,178 | -€1,617 | -6.5% |
| Fixed assets | 21/28 | €4,396 | €3,462 | -€934 | -21.2% |
| Tangible fixed assets | 22/27 | €4,357 | €3,423 | -€934 | -21.4% |
| Furniture and vehicles | 24 | €1,929 | €1,481 | -€448 | -23.2% |
| Other tangible fixed assets | 26 | €2,428 | €1,942 | -€486 | -20.0% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €20,399 | €19,716 | -€683 | -3.3% |
| Amounts receivable within one year | 40/41 | €2,921 | €9,402 | +€6,481 | +222% |
| Trade receivables | 40 | €2,921 | €9,362 | +€6,441 | +221% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €15,221 | €8,514 | -€6,707 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,257 | €1,800 | -€457 | -20.2% |
| Total equity and liabilities | 10/49 | €24,795 | €23,178 | -€1,617 | -6.5% |
| Equity | 10/15 | €19,740 | €18,841 | -€899 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,540 | €12,641 | -€899 | -6.6% |
| Distributable reserves | 133 | €13,540 | €12,641 | -€899 | -6.6% |
| Amounts payable | 17/49 | €5,055 | €4,337 | -€718 | -14.2% |
| Amounts payable within one year | 42/48 | €4,668 | €2,630 | -€2,038 | -43.7% |
| Trade debts | 44 | €909 | €1,641 | +€732 | +80.5% |
| Suppliers | 440/4 | €909 | €1,641 | +€732 | +80.5% |
| Taxes, remuneration and social security | 45 | €3,143 | €406 | -€2,737 | -87.1% |
| Taxes | 450/3 | €2,397 | €406 | -€1,991 | -83.1% |
| Remuneration and social security | 454/9 | €746 | - | -€746 | |
| Other amounts payable | 47/48 | €616 | €583 | -€33 | -5.4% |
| Accrued charges and deferred income | 492/3 | €387 | €1,707 | +€1,320 | +341% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €934 | +€621 | +198% |
| Other operating charges | 640/8 | €941 | €692 | -€249 | -26.5% |
| Gross operating margin | 9900 | €4,647 | €4,125 | -€522 | -11.2% |
| Operating profit (loss) | 9901 | €3,393 | €2,499 | -€894 | -26.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Non-recurring financial income | 76B | - | €10 | +€10 | |
| Financial charges | 65/66B | €323 | €1,015 | +€692 | +214% |
| Recurring financial charges | 65 | €323 | €1,015 | +€692 | +214% |
| Profit (loss) for the period before taxes | 9903 | €3,070 | €1,494 | -€1,576 | -51.3% |
| Income taxes | 67/77 | €1,778 | €1,560 | -€218 | -12.3% |
| Profit (loss) for the period | 9904 | €1,292 | -€66 | -€1,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,292 | -€66 | -€1,358 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.