SHB 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.
SHB CONSULTING
Largest movements
- Cash +€19,647
up €19,647 (+43.7%), from €44,944 to €64,592
mainly Net result for the year (+€47,628) and Other debts (+€19,094)
- Receivables within one year +€9,389
up €9,389 (+135%), from €6,955 to €16,344
of which Trade receivables: +€9,365
- Tangible fixed assets -€4,279
down €4,279 (-27.8%), from €15,418 to €11,138
of which Furniture and vehicles: -€4,260
- Other debts +€19,094
up €19,094 (+53.2%), from €35,906 to €55,000
- Tax, wage and social debts +€15,183
up €15,183 (+467%), from €3,254 to €18,438
of which Taxes: +€13,683
- Profit (loss) carried forward -€11,196
down €11,196 (-39.2%), from €28,594 to €17,398
- Trade debts +€1,691
up €1,691 (+86.1%), from €1,965 to €3,656
- Gross operating margin +€31,501
up €31,501 (+74.8%), from €42,098 to €73,598
- Taxes +€6,924
up €6,924 (+82.9%), from €8,357 to €15,281
- Other operating charges +€2,971
up €2,971 (+317%), from €936 to €3,907
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 | €90,179 | €114,951 | +€24,773 | +27.5% |
| Fixed assets | 21/28 | €33,358 | €29,078 | -€4,279 | -12.8% |
| Tangible fixed assets | 22/27 | €15,418 | €11,138 | -€4,279 | -27.8% |
| Plant, machinery and equipment | 23 | €19 | - | -€19 | |
| Furniture and vehicles | 24 | €15,398 | €11,138 | -€4,260 | -27.7% |
| Financial fixed assets | 28 | €17,940 | €17,940 | = | 0.0% |
| Current assets | 29/58 | €56,821 | €85,873 | +€29,052 | +51.1% |
| Amounts receivable within one year | 40/41 | €6,955 | €16,344 | +€9,389 | +135% |
| Trade receivables | 40 | - | €9,365 | +€9,365 | |
| Other amounts receivable | 41 | €6,955 | €6,979 | +€24 | +0.3% |
| Current investments | 50/53 | €4,921 | €4,937 | +€16 | +0.3% |
| Cash at bank and in hand | 54/58 | €44,944 | €64,592 | +€19,647 | +43.7% |
| Total equity and liabilities | 10/49 | €90,179 | €114,951 | +€24,773 | +27.5% |
| Equity | 10/15 | €49,054 | €37,858 | -€11,196 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,594 | €17,398 | -€11,196 | -39.2% |
| Amounts payable | 17/49 | €41,125 | €77,093 | +€35,969 | +87.5% |
| Amounts payable within one year | 42/48 | €41,125 | €77,093 | +€35,969 | +87.5% |
| Trade debts | 44 | €1,965 | €3,656 | +€1,691 | +86.1% |
| Suppliers | 440/4 | €1,965 | €3,656 | +€1,691 | +86.1% |
| Taxes, remuneration and social security | 45 | €3,254 | €18,438 | +€15,183 | +467% |
| Taxes | 450/3 | €3,254 | €16,938 | +€13,683 | +420% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €35,906 | €55,000 | +€19,094 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,950 | €6,644 | +€694 | +11.7% |
| Other operating charges | 640/8 | €936 | €3,907 | +€2,971 | +317% |
| Gross operating margin | 9900 | €42,098 | €73,598 | +€31,501 | +74.8% |
| Operating profit (loss) | 9901 | €35,212 | €63,048 | +€27,836 | +79.1% |
| Financial income | 75/76B | €182 | €124 | -€58 | -31.8% |
| Recurring financial income | 75 | €182 | €124 | -€58 | -31.8% |
| Financial charges | 65/66B | €210 | €263 | +€53 | +25.1% |
| Recurring financial charges | 65 | €210 | €263 | +€53 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €35,183 | €62,909 | +€27,725 | +78.8% |
| Income taxes | 67/77 | €8,357 | €15,281 | +€6,924 | +82.9% |
| Profit (loss) for the period | 9904 | €26,827 | €47,628 | +€20,801 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,827 | €47,628 | +€20,801 | +77.5% |
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 21 October 2026 via checked.be.