SH INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year -€20,503
down €20,503 (-25.0%), from €82,157 to €61,654
of which Other amounts receivable: -€20,737
- Cash -€877
down €877 (-54.4%), from €1,613 to €736
mainly Other debts (-€10,450) and Contributions, distributions and other (-€9,000)
- Other debts -€10,450
down €10,450 (-55.0%), from €19,000 to €8,550
- Reserves -€9,000
down €9,000 (-33.7%), from €26,667 to €17,667
of which Distributable reserves: -€9,000
- Profit (loss) carried forward -€7,186
down €7,186 (-344%), from -€2,089 to -€9,275
- Trade debts +€4,546
up €4,546 (+103%), from €4,401 to €8,947
- Gross operating margin -€7,171
down €7,171, from €3,314 to -€3,857
- Other operating charges +€1,576
up €1,576 (+454%), from €348 to €1,924
- Financial charges +€812
up €812 (+137%), from €593 to €1,406
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,898 | €65,728 | -€21,170 | -24.4% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €86,798 | €65,628 | -€21,170 | -24.4% |
| Stocks and contracts in progress | 3 | €3,027 | €3,238 | +€211 | +7.0% |
| Stocks | 30/36 | €3,027 | €3,238 | +€211 | +7.0% |
| Amounts receivable within one year | 40/41 | €82,157 | €61,654 | -€20,503 | -25.0% |
| Trade receivables | 40 | - | €234 | +€234 | |
| Other amounts receivable | 41 | €82,157 | €61,420 | -€20,737 | -25.2% |
| Cash at bank and in hand | 54/58 | €1,613 | €736 | -€877 | -54.4% |
| Total equity and liabilities | 10/49 | €86,898 | €65,728 | -€21,170 | -24.4% |
| Equity | 10/15 | €43,171 | €26,984 | -€16,186 | -37.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,667 | €17,667 | -€9,000 | -33.7% |
| Non-distributable reserves | 130/1 | €8,267 | €8,267 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,267 | €8,267 | = | 0.0% |
| Distributable reserves | 133 | €18,400 | €9,400 | -€9,000 | -48.9% |
| Profit (loss) carried forward | 14 | -€2,089 | -€9,275 | -€7,186 | -344% |
| Amounts payable | 17/49 | €43,727 | €38,744 | -€4,983 | -11.4% |
| Amounts payable within one year | 42/48 | €43,727 | €38,744 | -€4,983 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €1,915 | €2,443 | +€528 | +27.6% |
| Financial debts | 43 | €2,497 | €2,500 | +€2 | +0.1% |
| Credit institutions | 430/8 | €2,497 | €2,500 | +€2 | +0.1% |
| Trade debts | 44 | €4,401 | €8,947 | +€4,546 | +103% |
| Suppliers | 440/4 | €4,401 | €8,947 | +€4,546 | +103% |
| Taxes, remuneration and social security | 45 | €15,913 | €16,303 | +€390 | +2.5% |
| Taxes | 450/3 | €15,913 | €16,303 | +€390 | +2.5% |
| Other amounts payable | 47/48 | €19,000 | €8,550 | -€10,450 | -55.0% |
| Other operating charges | 640/8 | €348 | €1,924 | +€1,576 | +454% |
| Gross operating margin | 9900 | €3,314 | -€3,857 | -€7,171 | |
| Operating profit (loss) | 9901 | €2,967 | -€5,781 | -€8,747 | |
| Financial charges | 65/66B | €593 | €1,406 | +€812 | +137% |
| Recurring financial charges | 65 | €593 | €1,406 | +€812 | +137% |
| Profit (loss) for the period before taxes | 9903 | €2,373 | -€7,186 | -€9,560 | |
| Profit (loss) for the period | 9904 | €2,373 | -€7,186 | -€9,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,373 | -€7,186 | -€9,560 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.