SH. M CONSULTING: 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. M CONSULTING
Largest movements
- Cash +€49,613
up €49,613 (+49.2%), from €100,898 to €150,510
mainly Net result for the year (+€56,572) and Tax, wage and social debts (+€13,896)
- Tangible fixed assets +€3,750
up €3,750 (+130%), from €2,891 to €6,640
- Profit (loss) carried forward +€56,572
up €56,572 (+85.8%), from €65,948 to €122,520
- Other debts -€17,625
down €17,625 (-70.7%), from €24,930 to €7,304
- Tax, wage and social debts +€13,896
up €13,896 (+59.2%), from €23,479 to €37,375
- Gross operating margin -€3,446
down €3,446 (-4.4%), from €77,625 to €74,179
- Depreciation +€979
up €979 (+149%), from €658 to €1,637
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 | €116,201 | €170,201 | +€54,000 | +46.5% |
| Fixed assets | 21/28 | €2,891 | €6,640 | +€3,750 | +130% |
| Tangible fixed assets | 22/27 | €2,891 | €6,640 | +€3,750 | +130% |
| Furniture and vehicles | 24 | €2,891 | €6,640 | +€3,750 | +130% |
| Current assets | 29/58 | €113,310 | €163,560 | +€50,250 | +44.3% |
| Amounts receivable within one year | 40/41 | €11,550 | €12,166 | +€616 | +5.3% |
| Trade receivables | 40 | €11,550 | €12,166 | +€616 | +5.3% |
| Cash at bank and in hand | 54/58 | €100,898 | €150,510 | +€49,613 | +49.2% |
| Deferred charges and accrued income | 490/1 | €863 | €885 | +€22 | +2.5% |
| Total equity and liabilities | 10/49 | €116,201 | €170,201 | +€54,000 | +46.5% |
| Equity | 10/15 | €67,448 | €124,020 | +€56,572 | +83.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,948 | €122,520 | +€56,572 | +85.8% |
| Amounts payable | 17/49 | €48,753 | €46,181 | -€2,572 | -5.3% |
| Amounts payable within one year | 42/48 | €48,753 | €46,181 | -€2,572 | -5.3% |
| Trade debts | 44 | €345 | €1,502 | +€1,157 | +335% |
| Suppliers | 440/4 | €345 | €1,502 | +€1,157 | +335% |
| Taxes, remuneration and social security | 45 | €23,479 | €37,375 | +€13,896 | +59.2% |
| Taxes | 450/3 | €23,479 | €37,375 | +€13,896 | +59.2% |
| Other amounts payable | 47/48 | €24,930 | €7,304 | -€17,625 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €1,637 | +€979 | +149% |
| Gross operating margin | 9900 | €77,625 | €74,179 | -€3,446 | -4.4% |
| Operating profit (loss) | 9901 | €76,968 | €72,543 | -€4,425 | -5.7% |
| Financial income | 75/76B | €39 | €606 | +€567 | +1,461% |
| Recurring financial income | 75 | €39 | €606 | +€567 | +1,461% |
| Financial charges | 65/66B | €1,940 | €1,659 | -€280 | -14.4% |
| Recurring financial charges | 65 | €1,940 | €1,659 | -€280 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €75,067 | €71,489 | -€3,578 | -4.8% |
| Income taxes | 67/77 | €15,569 | €14,918 | -€652 | -4.2% |
| Profit (loss) for the period | 9904 | €59,498 | €56,572 | -€2,926 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,498 | €56,572 | -€2,926 | -4.9% |
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 31 October 2026 via checked.be.