SHEE: 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.
SHEE
Largest movements
- Cash +€4,402
up €4,402 (+55.1%), from €7,995 to €12,397
mainly Tax, wage and social debts (+€3,931) and Other debts (+€3,854)
- Tangible fixed assets -€1,400
down €1,400 (-29.0%), from €4,829 to €3,429
- Stocks and contracts +€1,177
up €1,177 (+153.4%), from €767 to €1,944
- Trade debts -€4,618
down €4,618 (-70.3%), from €6,570 to €1,953
- Tax, wage and social debts +€3,931
up €3,931 (+333.5%), from €1,179 to €5,109
- Other debts +€3,854
up €3,854 (+245.9%), from €1,567 to €5,421
- Profit (loss) carried forward +€898
up €898, from -€612 to €286
- Gross operating margin +€2,460
up €2,460 (+246.9%), from €996 to €3,457
- Other operating charges +€682
new in 2025: €682
- Taxes +€395
new in 2025: €395
- Financial charges -€247
down €247 (-75.2%), from €329 to €82
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 | €13,704 | €17,770 | +€4,066 | +29.7% |
| Fixed assets | 21/28 | €4,829 | €3,429 | -€1,400 | -29.0% |
| Tangible fixed assets | 22/27 | €4,829 | €3,429 | -€1,400 | -29.0% |
| Furniture and vehicles | 24 | €4,829 | €3,429 | -€1,400 | -29.0% |
| Current assets | 29/58 | €8,875 | €14,341 | +€5,466 | +61.6% |
| Stocks and contracts in progress | 3 | €767 | €1,944 | +€1,177 | +153.4% |
| Stocks | 30/36 | €767 | €1,944 | +€1,177 | +153.4% |
| Amounts receivable within one year | 40/41 | €113 | - | -€113 | |
| Other amounts receivable | 41 | €113 | - | -€113 | |
| Cash at bank and in hand | 54/58 | €7,995 | €12,397 | +€4,402 | +55.1% |
| Total equity and liabilities | 10/49 | €13,704 | €17,770 | +€4,066 | +29.7% |
| Equity | 10/15 | €4,388 | €5,286 | +€898 | +20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€612 | €286 | +€898 | |
| Amounts payable | 17/49 | €9,316 | €12,484 | +€3,167 | +34.0% |
| Amounts payable within one year | 42/48 | €9,316 | €12,484 | +€3,167 | +34.0% |
| Trade debts | 44 | €6,570 | €1,953 | -€4,618 | -70.3% |
| Suppliers | 440/4 | €6,570 | €1,953 | -€4,618 | -70.3% |
| Taxes, remuneration and social security | 45 | €1,179 | €5,109 | +€3,931 | +333.5% |
| Taxes | 450/3 | €1,179 | €5,109 | +€3,931 | +333.5% |
| Other amounts payable | 47/48 | €1,567 | €5,421 | +€3,854 | +245.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €1,400 | = | 0.0% |
| Other operating charges | 640/8 | - | €682 | +€682 | |
| Gross operating margin | 9900 | €996 | €3,457 | +€2,460 | +246.9% |
| Operating profit (loss) | 9901 | -€404 | €1,375 | +€1,778 | |
| Financial charges | 65/66B | €329 | €82 | -€247 | -75.2% |
| Recurring financial charges | 65 | €329 | €82 | -€247 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | -€732 | €1,293 | +€2,025 | |
| Income taxes | 67/77 | - | €395 | +€395 | |
| Profit (loss) for the period | 9904 | -€732 | €898 | +€1,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€732 | €898 | +€1,630 |
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 6 October 2026 via checked.be.