SHEEC: 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.
SHEEC
Largest movements
- Tangible fixed assets -€10,433
down €10,433 (-29.5%), from €35,324 to €24,891
of which Furniture and vehicles: -€10,073
- Cash +€8,584
up €8,584 (+105%), from €8,197 to €16,781
mainly Net result for the year (+€20,866) and Trade debts (+€13,472)
- Receivables within one year -€3,373
down €3,373 (-62.9%), from €5,366 to €1,993
of which Other amounts receivable: -€2,863
- Deferred charges and accrued income +€2,761
up €2,761 (+55,220%), from €5 to €2,766
- Intangible fixed assets -€1,000
down €1,000 (-12.5%), from €8,000 to €7,000
- Profit (loss) carried forward +€20,866
up €20,866 (+106%), from €19,729 to €40,595
- Other debts -€14,686
down €14,686 (-82.4%), from €17,824 to €3,138
- Trade debts +€13,472
new in 2024: €13,472
- Accrued charges and deferred income -€10,799
down €10,799 (-93.7%), from €11,527 to €728
- Debts after one year -€6,978
no longer reported in 2024 (was €6,978)
- Depreciation -€6,517
down €6,517 (-53.1%), from €12,284 to €5,767
- Other operating charges +€1,685
up €1,685 (+1,440%), from €117 to €1,802
- Taxes +€1,552
up €1,552 (+33.2%), from €4,673 to €6,225
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,699 | €83,588 | -€3,111 | -3.6% |
| Fixed assets | 21/28 | €43,324 | €31,891 | -€11,433 | -26.4% |
| Intangible fixed assets | 21 | €8,000 | €7,000 | -€1,000 | -12.5% |
| Tangible fixed assets | 22/27 | €35,324 | €24,891 | -€10,433 | -29.5% |
| Land and buildings | 22 | - | €1,806 | +€1,806 | |
| Plant, machinery and equipment | 23 | €9,862 | €8,823 | -€1,039 | -10.5% |
| Furniture and vehicles | 24 | €16,555 | €6,482 | -€10,073 | -60.8% |
| Other tangible fixed assets | 26 | €8,907 | €7,780 | -€1,127 | -12.7% |
| Current assets | 29/58 | €43,375 | €51,697 | +€8,322 | +19.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,807 | €5,157 | +€350 | +7.3% |
| Stocks | 30/36 | €4,807 | €5,157 | +€350 | +7.3% |
| Amounts receivable within one year | 40/41 | €5,366 | €1,993 | -€3,373 | -62.9% |
| Trade receivables | 40 | €1,796 | €1,286 | -€510 | -28.4% |
| Other amounts receivable | 41 | €3,570 | €707 | -€2,863 | -80.2% |
| Cash at bank and in hand | 54/58 | €8,197 | €16,781 | +€8,584 | +105% |
| Deferred charges and accrued income | 490/1 | €5 | €2,766 | +€2,761 | +55,220% |
| Total equity and liabilities | 10/49 | €86,699 | €83,588 | -€3,111 | -3.6% |
| Equity | 10/15 | €29,729 | €50,595 | +€20,866 | +70.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,729 | €40,595 | +€20,866 | +106% |
| Amounts payable | 17/49 | €56,970 | €32,993 | -€23,977 | -42.1% |
| Amounts payable after more than one year | 17 | €6,978 | - | -€6,978 | |
| Financial debts | 170/4 | €6,978 | - | -€6,978 | |
| Amounts payable within one year | 42/48 | €38,465 | €32,265 | -€6,200 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €8,543 | €5,565 | -€2,978 | -34.9% |
| Trade debts | 44 | - | €13,472 | +€13,472 | |
| Suppliers | 440/4 | - | €13,472 | +€13,472 | |
| Taxes, remuneration and social security | 45 | €12,098 | €10,090 | -€2,008 | -16.6% |
| Taxes | 450/3 | €8,746 | €6,505 | -€2,241 | -25.6% |
| Remuneration and social security | 454/9 | €3,352 | €3,585 | +€233 | +7.0% |
| Other amounts payable | 47/48 | €17,824 | €3,138 | -€14,686 | -82.4% |
| Accrued charges and deferred income | 492/3 | €11,527 | €728 | -€10,799 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,284 | €5,767 | -€6,517 | -53.1% |
| Other operating charges | 640/8 | €117 | €1,802 | +€1,685 | +1,440% |
| Gross operating margin | 9900 | €35,202 | €35,141 | -€61 | -0.2% |
| Operating profit (loss) | 9901 | €22,801 | €27,572 | +€4,771 | +20.9% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €661 | €481 | -€180 | -27.2% |
| Recurring financial charges | 65 | €661 | €481 | -€180 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €22,152 | €27,091 | +€4,939 | +22.3% |
| Income taxes | 67/77 | €4,673 | €6,225 | +€1,552 | +33.2% |
| Profit (loss) for the period | 9904 | €17,479 | €20,866 | +€3,387 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,479 | €20,866 | +€3,387 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.