SH SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash -€7,140
down €7,140 (-60.9%), from €11,729 to €4,589
mainly Trade debts (-€8,051) and Current investments (-€2,541)
- Current investments +€2,541
up €2,541 (+56.7%), from €4,485 to €7,026
- Tangible fixed assets -€1,446
down €1,446 (-36.1%), from €4,004 to €2,558
of which Furniture and vehicles: -€768
- Receivables within one year -€1,139
down €1,139 (-48.4%), from €2,353 to €1,213
of which Trade receivables: -€1,961
- Stocks and contracts -€548
down €548 (-42.8%), from €1,280 to €733
- Trade debts -€8,051
down €8,051 (-65.4%), from €12,313 to €4,263
- Profit (loss) carried forward +€1,864
up €1,864 (+96.5%), from €1,932 to €3,796
- Other debts -€1,552
no longer reported in 2025 (was €1,552)
- Other operating charges -€2,712
down €2,712 (-57.7%), from €4,702 to €1,989
- Gross operating margin +€1,181
up €1,181 (+19.4%), from €6,098 to €7,279
- Financial charges -€1,054
down €1,054 (-30.6%), from €3,449 to €2,394
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.
Cash bridge derived
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 | €23,857 | €16,119 | -€7,738 | -32.4% |
| Fixed assets | 21/28 | €4,004 | €2,558 | -€1,446 | -36.1% |
| Tangible fixed assets | 22/27 | €4,004 | €2,558 | -€1,446 | -36.1% |
| Furniture and vehicles | 24 | €1,131 | €363 | -€768 | -67.9% |
| Other tangible fixed assets | 26 | €2,873 | €2,195 | -€678 | -23.6% |
| Current assets | 29/58 | €19,853 | €13,561 | -€6,293 | -31.7% |
| Stocks and contracts in progress | 3 | €1,280 | €733 | -€548 | -42.8% |
| Stocks | 30/36 | €1,280 | €733 | -€548 | -42.8% |
| Amounts receivable within one year | 40/41 | €2,353 | €1,213 | -€1,139 | -48.4% |
| Trade receivables | 40 | €2,128 | €167 | -€1,961 | -92.2% |
| Other amounts receivable | 41 | €225 | €1,046 | +€821 | +365.0% |
| Current investments | 50/53 | €4,485 | €7,026 | +€2,541 | +56.7% |
| Cash at bank and in hand | 54/58 | €11,729 | €4,589 | -€7,140 | -60.9% |
| Deferred charges and accrued income | 490/1 | €7 | - | -€7 | |
| Total equity and liabilities | 10/49 | €23,857 | €16,119 | -€7,738 | -32.4% |
| Equity | 10/15 | €9,992 | €11,856 | +€1,864 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,932 | €3,796 | +€1,864 | +96.5% |
| Amounts payable | 17/49 | €13,865 | €4,263 | -€9,602 | -69.3% |
| Amounts payable within one year | 42/48 | €13,865 | €4,263 | -€9,602 | -69.3% |
| Trade debts | 44 | €12,313 | €4,263 | -€8,051 | -65.4% |
| Suppliers | 440/4 | €12,313 | €4,263 | -€8,051 | -65.4% |
| Other amounts payable | 47/48 | €1,552 | - | -€1,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €1,446 | = | 0.0% |
| Other operating charges | 640/8 | €4,702 | €1,989 | -€2,712 | -57.7% |
| Gross operating margin | 9900 | €6,098 | €7,279 | +€1,181 | +19.4% |
| Operating profit (loss) | 9901 | -€50 | €3,844 | +€3,894 | |
| Financial income | 75/76B | €433 | €398 | -€35 | -8.0% |
| Recurring financial income | 75 | €433 | €398 | -€35 | -8.0% |
| Financial charges | 65/66B | €3,449 | €2,394 | -€1,054 | -30.6% |
| Recurring financial charges | 65 | €3,449 | €2,394 | -€1,054 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,065 | €1,848 | +€4,913 | |
| Income taxes | 67/77 | €6 | -€16 | -€21 | |
| Profit (loss) for the period | 9904 | -€3,071 | €1,864 | +€4,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,071 | €1,864 | +€4,935 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.