SH Society: 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 Society
Largest movements
- Cash +€416,501
up €416,501 (+247%), from €168,386 to €584,888
mainly Net result for the year (+€181,440) and Current investments (+€150,000)
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Tangible fixed assets -€12,879
down €12,879 (-5.2%), from €246,001 to €233,121
- Receivables within one year +€11,885
up €11,885 (+398%), from €2,987 to €14,872
of which Trade receivables: +€11,873
- Stocks and contracts -€10,931
down €10,931 (-38.6%), from €28,327 to €17,396
- Reserves +€180,000
up €180,000 (+61.0%), from €295,000 to €475,000
- Tax, wage and social debts +€77,160
up €77,160 (+103%), from €74,868 to €152,027
of which Taxes: +€77,191
- Other debts -€11,029
down €11,029 (-68.4%), from €16,128 to €5,099
- Turnover +€526,565
new in 2025: €526,565
- Gross operating margin +€32,084
up €32,084 (+12.3%), from €261,520 to €293,603
- Purchases and services -€16,481
down €16,481 (-6.3%), from €260,791 to €244,310
- Taxes +€11,991
up €11,991 (+18.1%), from €66,106 to €78,098
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 | €641,728 | €889,646 | +€247,919 | +38.6% |
| Formation expenses | 20 | €2,893 | €1,915 | -€978 | -33.8% |
| Fixed assets | 21/28 | €288,198 | €270,319 | -€17,879 | -6.2% |
| Intangible fixed assets | 21 | €39,995 | €34,995 | -€5,000 | -12.5% |
| Tangible fixed assets | 22/27 | €246,001 | €233,121 | -€12,879 | -5.2% |
| Land and buildings | 22 | €232,590 | €226,530 | -€6,061 | -2.6% |
| Plant, machinery and equipment | 23 | €8,997 | €5,997 | -€3,000 | -33.3% |
| Furniture and vehicles | 24 | €4,414 | €595 | -€3,819 | -86.5% |
| Financial fixed assets | 28 | €2,203 | €2,203 | = | 0.0% |
| Current assets | 29/58 | €350,637 | €617,413 | +€266,776 | +76.1% |
| Stocks and contracts in progress | 3 | €28,327 | €17,396 | -€10,931 | -38.6% |
| Stocks | 30/36 | €28,327 | €17,396 | -€10,931 | -38.6% |
| Amounts receivable within one year | 40/41 | €2,987 | €14,872 | +€11,885 | +398% |
| Trade receivables | 40 | €2,987 | €14,859 | +€11,873 | +398% |
| Other amounts receivable | 41 | €0 | €13 | +€13 | |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €168,386 | €584,888 | +€416,501 | +247% |
| Deferred charges and accrued income | 490/1 | €937 | €257 | -€680 | -72.6% |
| Total equity and liabilities | 10/49 | €641,728 | €889,646 | +€247,919 | +38.6% |
| Equity | 10/15 | €542,892 | €724,332 | +€181,440 | +33.4% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €295,000 | €475,000 | +€180,000 | +61.0% |
| Distributable reserves | 133 | €295,000 | €475,000 | +€180,000 | +61.0% |
| Profit (loss) carried forward | 14 | €2,892 | €4,332 | +€1,440 | +49.8% |
| Amounts payable | 17/49 | €98,836 | €165,314 | +€66,479 | +67.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €98,836 | €165,314 | +€66,479 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,840 | €8,188 | +€347 | +4.4% |
| Suppliers | 440/4 | €7,840 | €8,188 | +€347 | +4.4% |
| Taxes, remuneration and social security | 45 | €74,868 | €152,027 | +€77,160 | +103% |
| Taxes | 450/3 | €71,447 | €148,637 | +€77,191 | +108% |
| Remuneration and social security | 454/9 | €3,421 | €3,390 | -€31 | -0.9% |
| Other amounts payable | 47/48 | €16,128 | €5,099 | -€11,029 | -68.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €526,565 | +€526,565 | |
| Goods, raw materials, services and sundry goods | 60/61 | €260,791 | €244,310 | -€16,481 | -6.3% |
| Remuneration, social security and pensions | 62 | €17,719 | €17,936 | +€218 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,140 | €19,212 | +€71 | +0.4% |
| Other operating charges | 640/8 | €2,576 | €2,748 | +€172 | +6.7% |
| Gross operating margin | 9900 | €261,520 | €293,603 | +€32,084 | +12.3% |
| Operating profit (loss) | 9901 | €222,085 | €253,707 | +€31,622 | +14.2% |
| Financial income | 75/76B | €1,781 | €6,410 | +€4,629 | +260% |
| Recurring financial income | 75 | €1,781 | €6,410 | +€4,629 | +260% |
| Financial charges | 65/66B | €1,842 | €579 | -€1,263 | -68.6% |
| Recurring financial charges | 65 | €1,842 | €579 | -€1,263 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €222,023 | €259,538 | +€37,515 | +16.9% |
| Income taxes | 67/77 | €66,106 | €78,098 | +€11,991 | +18.1% |
| Profit (loss) for the period | 9904 | €155,917 | €181,440 | +€25,523 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €155,917 | €181,440 | +€25,523 | +16.4% |
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 25 October 2026 via checked.be.