SHERO: 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.
SHERO
Largest movements
- Deferred charges and accrued income +€9,239
new in 2025: €9,239
- Cash +€7,523
up €7,523 (+488.9%), from €1,539 to €9,062
mainly Net result for the year (+€8,381) and Tax, wage and social debts (+€3,913)
- Tangible fixed assets -€2,820
down €2,820 (-46.1%), from €6,112 to €3,292
of which Furniture and vehicles: -€2,362
- Stocks and contracts +€1,776
up €1,776 (+187.6%), from €947 to €2,723
- Receivables within one year -€1,418
down €1,418 (-13.9%), from €10,173 to €8,754
- Profit (loss) carried forward +€8,381
up €8,381 (+61.4%), from €13,646 to €22,027
- Tax, wage and social debts +€3,913
up €3,913 (+113.9%), from €3,435 to €7,348
of which Remuneration and social security: +€3,019
- Trade debts +€2,006
up €2,006 (+1061.2%), from €189 to €2,196
- Gross operating margin +€7,600
up €7,600 (+58.7%), from €12,950 to €20,551
- Staff costs +€4,629
up €4,629 (+707.9%), from €654 to €5,283
- Financial income +€4,261
new in 2025: €4,261
- Other operating charges +€2,874
up €2,874 (+464.6%), from €619 to €3,493
- Depreciation +€1,301
up €1,301 (+85.7%), from €1,519 to €2,820
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 | €18,771 | €33,071 | +€14,300 | +76.2% |
| Fixed assets | 21/28 | €6,112 | €3,292 | -€2,820 | -46.1% |
| Tangible fixed assets | 22/27 | €6,112 | €3,292 | -€2,820 | -46.1% |
| Furniture and vehicles | 24 | €5,408 | €3,046 | -€2,362 | -43.7% |
| Other tangible fixed assets | 26 | €704 | €246 | -€458 | -65.0% |
| Current assets | 29/58 | €12,659 | €29,779 | +€17,120 | +135.2% |
| Stocks and contracts in progress | 3 | €947 | €2,723 | +€1,776 | +187.6% |
| Stocks | 30/36 | €947 | €2,723 | +€1,776 | +187.6% |
| Amounts receivable within one year | 40/41 | €10,173 | €8,754 | -€1,418 | -13.9% |
| Other amounts receivable | 41 | €10,173 | €8,754 | -€1,418 | -13.9% |
| Cash at bank and in hand | 54/58 | €1,539 | €9,062 | +€7,523 | +488.9% |
| Deferred charges and accrued income | 490/1 | - | €9,239 | +€9,239 | |
| Total equity and liabilities | 10/49 | €18,771 | €33,071 | +€14,300 | +76.2% |
| Equity | 10/15 | €15,146 | €23,527 | +€8,381 | +55.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,646 | €22,027 | +€8,381 | +61.4% |
| Amounts payable | 17/49 | €3,624 | €9,544 | +€5,919 | +163.3% |
| Amounts payable within one year | 42/48 | €3,624 | €9,544 | +€5,919 | +163.3% |
| Trade debts | 44 | €189 | €2,196 | +€2,006 | +1061.2% |
| Suppliers | 440/4 | €189 | €2,196 | +€2,006 | +1061.2% |
| Taxes, remuneration and social security | 45 | €3,435 | €7,348 | +€3,913 | +113.9% |
| Taxes | 450/3 | €2,646 | €3,539 | +€894 | +33.8% |
| Remuneration and social security | 454/9 | €790 | €3,809 | +€3,019 | +382.3% |
| Remuneration, social security and pensions | 62 | €654 | €5,283 | +€4,629 | +707.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | €2,820 | +€1,301 | +85.7% |
| Other operating charges | 640/8 | €619 | €3,493 | +€2,874 | +464.6% |
| Gross operating margin | 9900 | €12,950 | €20,551 | +€7,600 | +58.7% |
| Operating profit (loss) | 9901 | €10,158 | €8,955 | -€1,204 | -11.8% |
| Financial income | 75/76B | - | €4,261 | +€4,261 | |
| Recurring financial income | 75 | - | €4,261 | +€4,261 | |
| Financial charges | 65/66B | €217 | €1,295 | +€1,078 | +496.3% |
| Recurring financial charges | 65 | €217 | €1,295 | +€1,078 | +496.3% |
| Profit (loss) for the period before taxes | 9903 | €9,941 | €11,920 | +€1,979 | +19.9% |
| Income taxes | 67/77 | €2,646 | €3,539 | +€894 | +33.8% |
| Profit (loss) for the period | 9904 | €7,296 | €8,381 | +€1,085 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,296 | €8,381 | +€1,085 | +14.9% |
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 9 October 2026 via checked.be.