SHENT: 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.
SHENT
Largest movements
- Receivables within one year -€8,699
down €8,699 (-18.1%), from €48,164 to €39,464
of which Trade receivables: -€7,516
- Deferred charges and accrued income -€4,581
down €4,581 (-33.7%), from €13,611 to €9,030
- Cash +€1,050
up €1,050 (+7.4%), from €14,226 to €15,276
mainly Receivables within one year (+€8,699) and Deferred charges and accrued income (+€4,581)
- Other debts -€9,696
down €9,696 (-51.7%), from €18,762 to €9,066
- Accrued charges and deferred income -€1,750
no longer reported in 2025 (was €1,750)
- Gross operating margin -€6,097
down €6,097 (-36.4%), from €16,770 to €10,673
- Financial income -€2,082
down €2,082 (-99.6%), from €2,091 to €9
of which Non-recurring financial income: -€2,091
- Write-downs -€2,000
no longer reported in 2025 (was €2,000)
- Taxes -€1,190
down €1,190 (-17.7%), from €6,736 to €5,546
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 | €101,001 | €88,771 | -€12,231 | -12.1% |
| Current assets | 29/58 | €101,001 | €88,771 | -€12,231 | -12.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,164 | €39,464 | -€8,699 | -18.1% |
| Trade receivables | 40 | €46,980 | €39,464 | -€7,516 | -16.0% |
| Other amounts receivable | 41 | €1,184 | - | -€1,184 | |
| Cash at bank and in hand | 54/58 | €14,226 | €15,276 | +€1,050 | +7.4% |
| Deferred charges and accrued income | 490/1 | €13,611 | €9,030 | -€4,581 | -33.7% |
| Total equity and liabilities | 10/49 | €101,001 | €88,771 | -€12,231 | -12.1% |
| Equity | 10/15 | €66,068 | €65,203 | -€865 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,468 | €46,603 | -€865 | -1.8% |
| Distributable reserves | 133 | €47,468 | €46,603 | -€865 | -1.8% |
| Amounts payable | 17/49 | €34,933 | €23,568 | -€11,366 | -32.5% |
| Amounts payable within one year | 42/48 | €33,183 | €23,568 | -€9,616 | -29.0% |
| Trade debts | 44 | €6,946 | €6,061 | -€885 | -12.7% |
| Suppliers | 440/4 | €6,946 | €6,061 | -€885 | -12.7% |
| Taxes, remuneration and social security | 45 | €7,475 | €8,441 | +€965 | +12.9% |
| Taxes | 450/3 | €7,475 | €8,441 | +€965 | +12.9% |
| Other amounts payable | 47/48 | €18,762 | €9,066 | -€9,696 | -51.7% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €3,607 | €3,731 | +€124 | +3.4% |
| Non-recurring operating charges | 66A | €2,091 | - | -€2,091 | |
| Gross operating margin | 9900 | €16,770 | €10,673 | -€6,097 | -36.4% |
| Operating profit (loss) | 9901 | €9,072 | €6,942 | -€2,130 | -23.5% |
| Financial income | 75/76B | €2,091 | €9 | -€2,082 | -99.6% |
| Recurring financial income | 75 | €2,091 | €9 | -€2,082 | -99.6% |
| Non-recurring financial income | 76B | €2,091 | - | -€2,091 | |
| Financial charges | 65/66B | €2,265 | €2,270 | +€5 | +0.2% |
| Recurring financial charges | 65 | €2,265 | €2,270 | +€5 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €8,898 | €4,681 | -€4,216 | -47.4% |
| Income taxes | 67/77 | €6,736 | €5,546 | -€1,190 | -17.7% |
| Profit (loss) for the period | 9904 | €2,161 | -€865 | -€3,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,161 | -€865 | -€3,027 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.