SH-NETWORKS: 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-NETWORKS
Largest movements
- Cash -€6,816
down €6,816 (-40.1%), from €17,000 to €10,184
mainly Trade debts (-€20,388) and Receivables within one year (-€3,940)
- Receivables within one year +€3,940
up €3,940 (+36.0%), from €10,949 to €14,888
of which Trade receivables: +€4,289
- Financial fixed assets +€1,000
new in 2025: €1,000
- Tangible fixed assets -€367
down €367 (-34.2%), from €1,073 to €707
- Trade debts -€20,388
down €20,388 (-99.1%), from €20,582 to €194
- Other debts +€7,717
new in 2025: €7,717
- Tax, wage and social debts +€5,736
up €5,736 (+446%), from €1,285 to €7,021
of which Remuneration and social security: +€3,250
- Profit (loss) carried forward +€4,692
up €4,692 (+91.0%), from €5,155 to €9,846
- Turnover +€76,744
new in 2025: €76,744
- Purchases and services +€76,744
new in 2025: €76,744
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 | €29,022 | €26,779 | -€2,243 | -7.7% |
| Fixed assets | 21/28 | €1,073 | €1,707 | +€633 | +59.0% |
| Tangible fixed assets | 22/27 | €1,073 | €707 | -€367 | -34.2% |
| Furniture and vehicles | 24 | €1,073 | €707 | -€367 | -34.2% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €27,949 | €25,072 | -€2,877 | -10.3% |
| Amounts receivable within one year | 40/41 | €10,949 | €14,888 | +€3,940 | +36.0% |
| Trade receivables | 40 | €10,588 | €14,877 | +€4,289 | +40.5% |
| Other amounts receivable | 41 | €361 | €11 | -€350 | -96.9% |
| Cash at bank and in hand | 54/58 | €17,000 | €10,184 | -€6,816 | -40.1% |
| Total equity and liabilities | 10/49 | €29,022 | €26,779 | -€2,243 | -7.7% |
| Equity | 10/15 | €7,155 | €11,846 | +€4,692 | +65.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,155 | €9,846 | +€4,692 | +91.0% |
| Amounts payable | 17/49 | €21,867 | €14,932 | -€6,935 | -31.7% |
| Amounts payable within one year | 42/48 | €21,867 | €14,932 | -€6,935 | -31.7% |
| Trade debts | 44 | €20,582 | €194 | -€20,388 | -99.1% |
| Suppliers | 440/4 | €20,582 | €194 | -€20,388 | -99.1% |
| Taxes, remuneration and social security | 45 | €1,285 | €7,021 | +€5,736 | +446% |
| Taxes | 450/3 | €1,285 | €3,771 | +€2,486 | +193% |
| Remuneration and social security | 454/9 | - | €3,250 | +€3,250 | |
| Other amounts payable | 47/48 | - | €7,717 | +€7,717 | |
| Turnover | 70 | - | €76,744 | +€76,744 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €76,744 | +€76,744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €367 | +€340 | +1,272% |
| Other operating charges | 640/8 | €225 | €66 | -€159 | -70.8% |
| Gross operating margin | 9900 | €5,430 | €5,289 | -€141 | -2.6% |
| Operating profit (loss) | 9901 | €5,179 | €4,857 | -€322 | -6.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €24 | €165 | +€141 | +582% |
| Recurring financial charges | 65 | €24 | €165 | +€141 | +582% |
| Profit (loss) for the period before taxes | 9903 | €5,155 | €4,692 | -€463 | -9.0% |
| Profit (loss) for the period | 9904 | €5,155 | €4,692 | -€463 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,155 | €4,692 | -€463 | -9.0% |
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 19 October 2026 via checked.be.