SHDC 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.
SHDC CONSULTING
Largest movements
- Cash +€19,686
up €19,686 (+73.3%), from €26,843 to €46,529
mainly Other debts (+€70,000) and Net result for the year (+€42,494)
- Receivables within one year -€13,506
down €13,506 (-28.8%), from €46,963 to €33,458
of which Other amounts receivable: -€14,126
- Tangible fixed assets -€7,050
down €7,050 (-49.6%), from €14,215 to €7,165
- Other debts +€70,000
new in 2025: €70,000
- Profit (loss) carried forward -€67,506
down €67,506 (-97.4%), from €69,340 to €1,833
- Debts after one year -€6,216
no longer reported in 2025 (was €6,216)
- Trade debts +€1,227
up €1,227 (+452.3%), from €271 to €1,499
- Tax, wage and social debts +€1,003
up €1,003 (+64.1%), from €1,565 to €2,568
of which Taxes: +€1,103
- Gross operating margin +€18,532
up €18,532 (+43.1%), from €42,974 to €61,505
- Taxes +€3,469
up €3,469 (+45.5%), from €7,621 to €11,089
- Other operating charges +€1,061
up €1,061 (+226.3%), from €469 to €1,529
- Financial income -€868
down €868 (-38.6%), from €2,247 to €1,380
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.
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 | €88,311 | €87,151 | -€1,159 | -1.3% |
| Fixed assets | 21/28 | €14,215 | €7,165 | -€7,050 | -49.6% |
| Tangible fixed assets | 22/27 | €14,215 | €7,165 | -€7,050 | -49.6% |
| Furniture and vehicles | 24 | €14,215 | €7,165 | -€7,050 | -49.6% |
| Current assets | 29/58 | €74,095 | €79,987 | +€5,891 | +8.0% |
| Amounts receivable within one year | 40/41 | €46,963 | €33,458 | -€13,506 | -28.8% |
| Trade receivables | 40 | - | €620 | +€620 | |
| Other amounts receivable | 41 | €46,963 | €32,838 | -€14,126 | -30.1% |
| Cash at bank and in hand | 54/58 | €26,843 | €46,529 | +€19,686 | +73.3% |
| Deferred charges and accrued income | 490/1 | €289 | - | -€289 | |
| Total equity and liabilities | 10/49 | €88,311 | €87,151 | -€1,159 | -1.3% |
| Equity | 10/15 | €74,340 | €6,833 | -€67,506 | -90.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,340 | €1,833 | -€67,506 | -97.4% |
| Amounts payable | 17/49 | €13,971 | €80,318 | +€66,347 | +474.9% |
| Amounts payable after more than one year | 17 | €6,216 | - | -€6,216 | |
| Financial debts | 170/4 | €6,216 | - | -€6,216 | |
| Amounts payable within one year | 42/48 | €7,754 | €80,283 | +€72,529 | +935.3% |
| Current portion of amounts payable after more than one year | 42 | €5,918 | €6,216 | +€298 | +5.0% |
| Trade debts | 44 | €271 | €1,499 | +€1,227 | +452.3% |
| Suppliers | 440/4 | €271 | €1,499 | +€1,227 | +452.3% |
| Taxes, remuneration and social security | 45 | €1,565 | €2,568 | +€1,003 | +64.1% |
| Taxes | 450/3 | €1,465 | €2,568 | +€1,103 | +75.3% |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,116 | €7,183 | +€67 | +0.9% |
| Other operating charges | 640/8 | €469 | €1,529 | +€1,061 | +226.3% |
| Gross operating margin | 9900 | €42,974 | €61,505 | +€18,532 | +43.1% |
| Operating profit (loss) | 9901 | €35,389 | €52,794 | +€17,404 | +49.2% |
| Financial income | 75/76B | €2,247 | €1,380 | -€868 | -38.6% |
| Recurring financial income | 75 | €2,247 | €1,380 | -€868 | -38.6% |
| Financial charges | 65/66B | €874 | €590 | -€284 | -32.5% |
| Recurring financial charges | 65 | €874 | €590 | -€284 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €36,762 | €53,583 | +€16,821 | +45.8% |
| Income taxes | 67/77 | €7,621 | €11,089 | +€3,469 | +45.5% |
| Profit (loss) for the period | 9904 | €29,142 | €42,494 | +€13,352 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,142 | €42,494 | +€13,352 | +45.8% |
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 10 October 2026 via checked.be.