SH-Sanitaire: 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-Sanitaire
Largest movements
- Stocks and contracts +€35,500
up €35,500 (+114%), from €31,072 to €66,572
- Intangible fixed assets -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tangible fixed assets -€14,608
down €14,608 (-26.2%), from €55,685 to €41,077
of which Furniture and vehicles: -€13,864
- Cash -€3,183
down €3,183 (-10.5%), from €30,221 to €27,039
mainly Stocks and contracts (-€35,500) and Debts after one year (-€13,445)
- Trade debts +€27,964
up €27,964 (+636%), from €4,398 to €32,362
- Debts after one year -€13,445
down €13,445 (-32.8%), from €41,042 to €27,597
- Profit (loss) carried forward -€11,795
down €11,795 (-16.3%), from €72,452 to €60,657
- Tax, wage and social debts -€1,750
no longer reported in 2025 (was €1,750)
- Gross operating margin -€5,957
down €5,957 (-21.2%), from €28,032 to €22,076
- Depreciation +€4,871
up €4,871 (+19.7%), from €24,737 to €29,608
- Other operating charges +€1,638
up €1,638 (+479%), from €342 to €1,980
- Financial charges +€1,168
up €1,168 (+96.4%), from €1,212 to €2,380
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 | €155,158 | €157,067 | +€1,909 | +1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €70,850 | €41,257 | -€29,593 | -41.8% |
| Intangible fixed assets | 21 | €15,000 | €0 | -€15,000 | -100% |
| Tangible fixed assets | 22/27 | €55,685 | €41,077 | -€14,608 | -26.2% |
| Plant, machinery and equipment | 23 | €2,629 | €1,886 | -€744 | -28.3% |
| Furniture and vehicles | 24 | €53,055 | €39,191 | -€13,864 | -26.1% |
| Financial fixed assets | 28 | €165 | €180 | +€15 | +9.1% |
| Current assets | 29/58 | €84,308 | €115,809 | +€31,501 | +37.4% |
| Stocks and contracts in progress | 3 | €31,072 | €66,572 | +€35,500 | +114% |
| Stocks | 30/36 | €31,072 | €66,572 | +€35,500 | +114% |
| Amounts receivable within one year | 40/41 | €20,649 | €19,760 | -€889 | -4.3% |
| Trade receivables | 40 | €619 | €10,066 | +€9,447 | +1,527% |
| Other amounts receivable | 41 | €20,030 | €9,694 | -€10,336 | -51.6% |
| Cash at bank and in hand | 54/58 | €30,221 | €27,039 | -€3,183 | -10.5% |
| Deferred charges and accrued income | 490/1 | €2,365 | €2,438 | +€73 | +3.1% |
| Total equity and liabilities | 10/49 | €155,158 | €157,067 | +€1,909 | +1.2% |
| Equity | 10/15 | €92,857 | €81,062 | -€11,795 | -12.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,452 | €60,657 | -€11,795 | -16.3% |
| Amounts payable | 17/49 | €62,301 | €76,005 | +€13,704 | +22.0% |
| Amounts payable after more than one year | 17 | €41,042 | €27,597 | -€13,445 | -32.8% |
| Financial debts | 170/4 | €41,042 | €27,597 | -€13,445 | -32.8% |
| Amounts payable within one year | 42/48 | €21,259 | €48,408 | +€27,149 | +128% |
| Current portion of amounts payable after more than one year | 42 | €14,393 | €15,327 | +€934 | +6.5% |
| Trade debts | 44 | €4,398 | €32,362 | +€27,964 | +636% |
| Suppliers | 440/4 | €4,398 | €32,362 | +€27,964 | +636% |
| Advances received on contracts in progress | 46 | €719 | €719 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,750 | - | -€1,750 | |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,737 | €29,608 | +€4,871 | +19.7% |
| Other operating charges | 640/8 | €342 | €1,980 | +€1,638 | +479% |
| Non-recurring operating charges | 66A | €107 | €63 | -€44 | -41.1% |
| Gross operating margin | 9900 | €28,032 | €22,076 | -€5,957 | -21.2% |
| Operating profit (loss) | 9901 | €2,847 | -€9,575 | -€12,422 | |
| Financial income | 75/76B | €22 | €159 | +€137 | +627% |
| Recurring financial income | 75 | €22 | €159 | +€137 | +627% |
| Financial charges | 65/66B | €1,212 | €2,380 | +€1,168 | +96.4% |
| Recurring financial charges | 65 | €1,212 | €2,380 | +€1,168 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €1,657 | -€11,795 | -€13,452 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €1,657 | -€11,795 | -€13,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,657 | -€11,795 | -€13,452 |
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 17 October 2026 via checked.be.