SHe Consult: 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.
SHe Consult
Largest movements
- Cash -€10,014
down €10,014 (-36.6%), from €27,376 to €17,362
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€9,529)
- Receivables within one year +€9,529
up €9,529 (+2,400%), from €397 to €9,926
of which Trade receivables: +€8,620
- Deferred charges and accrued income -€2,174
down €2,174 (-24.9%), from €8,734 to €6,560
- Tangible fixed assets -€1,485
down €1,485 (-45.5%), from €3,265 to €1,780
- Reserves -€25,096
down €25,096 (-80.9%), from €31,009 to €5,912
- Other debts +€19,001
up €19,001 (+575%), from €3,304 to €22,305
- Tax, wage and social debts +€1,920
up €1,920 (+418%), from €459 to €2,379
of which Taxes: +€1,458
- Gross operating margin +€13,468
up €13,468, from -€3,026 to €10,442
- Financial charges +€1,925
up €1,925 (+3,480%), from €55 to €1,980
- Taxes +€1,701
up €1,701 (+2,838%), from €60 to €1,761
- Financial income -€424
no longer reported in 2025 (was €424)
- Depreciation -€188
down €188 (-11.2%), from €1,672 to €1,485
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 | €39,771 | €35,628 | -€4,144 | -10.4% |
| Fixed assets | 21/28 | €3,265 | €1,780 | -€1,485 | -45.5% |
| Tangible fixed assets | 22/27 | €3,265 | €1,780 | -€1,485 | -45.5% |
| Plant, machinery and equipment | 23 | €3,265 | €1,780 | -€1,485 | -45.5% |
| Current assets | 29/58 | €36,506 | €33,847 | -€2,659 | -7.3% |
| Amounts receivable within one year | 40/41 | €397 | €9,926 | +€9,529 | +2,400% |
| Trade receivables | 40 | €0 | €8,620 | +€8,620 | |
| Other amounts receivable | 41 | €397 | €1,306 | +€909 | +229% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,376 | €17,362 | -€10,014 | -36.6% |
| Deferred charges and accrued income | 490/1 | €8,734 | €6,560 | -€2,174 | -24.9% |
| Total equity and liabilities | 10/49 | €39,771 | €35,628 | -€4,144 | -10.4% |
| Equity | 10/15 | €36,009 | €10,912 | -€25,096 | -69.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,009 | €5,912 | -€25,096 | -80.9% |
| Distributable reserves | 133 | €31,009 | €5,912 | -€25,096 | -80.9% |
| Amounts payable | 17/49 | €3,763 | €24,716 | +€20,953 | +557% |
| Amounts payable within one year | 42/48 | €3,763 | €24,716 | +€20,953 | +557% |
| Trade debts | 44 | €0 | €32 | +€32 | |
| Suppliers | 440/4 | €0 | €32 | +€32 | |
| Taxes, remuneration and social security | 45 | €459 | €2,379 | +€1,920 | +418% |
| Taxes | 450/3 | €459 | €1,917 | +€1,458 | +318% |
| Remuneration and social security | 454/9 | - | €462 | +€462 | |
| Other amounts payable | 47/48 | €3,304 | €22,305 | +€19,001 | +575% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,485 | -€188 | -11.2% |
| Other operating charges | 640/8 | €363 | €313 | -€50 | -13.8% |
| Gross operating margin | 9900 | -€3,026 | €10,442 | +€13,468 | |
| Operating profit (loss) | 9901 | -€5,062 | €8,644 | +€13,706 | |
| Financial income | 75/76B | €424 | - | -€424 | |
| Recurring financial income | 75 | €424 | - | -€424 | |
| Financial charges | 65/66B | €55 | €1,980 | +€1,925 | +3,480% |
| Recurring financial charges | 65 | €55 | €1,980 | +€1,925 | +3,480% |
| Profit (loss) for the period before taxes | 9903 | -€4,693 | €6,664 | +€11,358 | |
| Income taxes | 67/77 | €60 | €1,761 | +€1,701 | +2,838% |
| Profit (loss) for the period | 9904 | -€4,753 | €4,904 | +€9,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,753 | €4,904 | +€9,657 |
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 14 October 2026 via checked.be.