SHIC: 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.
SHIC
Largest movements
- Cash -€15,098
down €15,098 (-18.6%), from €81,374 to €66,275
mainly Trade debts (-€13,948) and Receivables after one year (-€6,000)
- Receivables after one year +€6,000
up €6,000 (+5.4%), from €112,000 to €118,000
- Receivables within one year +€4,692
up €4,692 (+21.3%), from €22,068 to €26,759
of which Trade receivables: +€5,060
- Tangible fixed assets -€3,237
down €3,237 (-59.9%), from €5,402 to €2,164
of which Furniture and vehicles: -€2,039
- Trade debts -€13,948
down €13,948 (-81.0%), from €17,221 to €3,272
- Reserves +€5,640
up €5,640 (+4.6%), from €121,860 to €127,500
- Profit (loss) carried forward +€2,287
up €2,287 (+3.5%), from €65,391 to €67,679
- Gross operating margin +€52,875
up €52,875, from -€41,830 to €11,045
- Turnover +€36,500
up €36,500 (+81.1%), from €45,000 to €81,500
- Purchases and services -€17,842
down €17,842 (-19.7%), from €90,625 to €72,783
- Financial income -€17,702
down €17,702 (-84.4%), from €20,977 to €3,276
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 | €226,954 | €221,543 | -€5,411 | -2.4% |
| Fixed assets | 21/28 | €10,470 | €7,232 | -€3,237 | -30.9% |
| Tangible fixed assets | 22/27 | €5,402 | €2,164 | -€3,237 | -59.9% |
| Furniture and vehicles | 24 | €2,503 | €464 | -€2,039 | -81.5% |
| Leasing and similar rights | 25 | €2,899 | €1,701 | -€1,198 | -41.3% |
| Financial fixed assets | 28 | €5,068 | €5,068 | = | 0.0% |
| Current assets | 29/58 | €216,484 | €214,310 | -€2,174 | -1.0% |
| Amounts receivable after more than one year | 29 | €112,000 | €118,000 | +€6,000 | +5.4% |
| Other amounts receivable | 291 | €112,000 | €118,000 | +€6,000 | +5.4% |
| Amounts receivable within one year | 40/41 | €22,068 | €26,759 | +€4,692 | +21.3% |
| Trade receivables | 40 | €16,940 | €22,000 | +€5,060 | +29.9% |
| Other amounts receivable | 41 | €5,128 | €4,760 | -€368 | -7.2% |
| Cash at bank and in hand | 54/58 | €81,374 | €66,275 | -€15,098 | -18.6% |
| Deferred charges and accrued income | 490/1 | €1,043 | €3,276 | +€2,233 | +214.1% |
| Total equity and liabilities | 10/49 | €226,954 | €221,543 | -€5,411 | -2.4% |
| Equity | 10/15 | €193,451 | €203,239 | +€9,787 | +5.1% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €121,860 | €127,500 | +€5,640 | +4.6% |
| Distributable reserves | 133 | €121,860 | €127,500 | +€5,640 | +4.6% |
| Profit (loss) carried forward | 14 | €65,391 | €67,679 | +€2,287 | +3.5% |
| Amounts payable | 17/49 | €33,502 | €18,304 | -€15,198 | -45.4% |
| Amounts payable after more than one year | 17 | €16,281 | €14,281 | -€2,000 | -12.3% |
| Other amounts payable | 178/9 | €16,281 | €14,281 | -€2,000 | -12.3% |
| Amounts payable within one year | 42/48 | €17,221 | €4,022 | -€13,198 | -76.6% |
| Trade debts | 44 | €17,221 | €3,272 | -€13,948 | -81.0% |
| Suppliers | 440/4 | €17,221 | €3,272 | -€13,948 | -81.0% |
| Taxes, remuneration and social security | 45 | - | €750 | +€750 | |
| Taxes | 450/3 | - | €750 | +€750 | |
| Turnover | 70 | €45,000 | €81,500 | +€36,500 | +81.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,625 | €72,783 | -€17,842 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,725 | €3,237 | -€488 | -13.1% |
| Other operating charges | 640/8 | €450 | €457 | +€6 | +1.4% |
| Gross operating margin | 9900 | -€41,830 | €11,045 | +€52,875 | |
| Operating profit (loss) | 9901 | -€46,006 | €7,351 | +€53,357 | |
| Financial income | 75/76B | €20,977 | €3,276 | -€17,702 | -84.4% |
| Recurring financial income | 75 | €20,977 | €3,276 | -€17,702 | -84.4% |
| Financial charges | 65/66B | €96 | €89 | -€7 | -7.2% |
| Recurring financial charges | 65 | €96 | €89 | -€7 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,124 | €10,537 | +€35,662 | |
| Income taxes | 67/77 | - | €750 | +€750 | |
| Profit (loss) for the period | 9904 | -€25,124 | €9,787 | +€34,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,124 | €9,787 | +€34,912 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.