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SHIH: 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.

What changed

SHIH

BE 0477.147.354
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,284
2024 · €10,874+€3,410
Equity
€111,413
2024 · €97,129+€14,284
Cash
€60
2024 · €703-€642
Balance sheet total
€111,413
2024 · €114,145-€2,732

Largest movements

2024 to 2025
Assets
  • Current investments -€3,324

    down €3,324 (-2.9%), from €113,442 to €110,118

  • Receivables within one year +€1,235

    new in 2025: €1,235

Equity and liabilities
  • Other debts -€17,016

    no longer reported in 2025 (was €17,016)

  • Reserves +€10,068

    up €10,068 (+12.2%), from €82,457 to €92,525

    of which Distributable reserves: +€10,068

  • Profit (loss) carried forward +€4,216

    up €4,216 (+99.7%), from -€4,228 to -€12

Income statement
  • Financial income +€2,608

    up €2,608 (+6.1%), from €42,624 to €45,232

    of which Financial income: +€2,608

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €10,874
Other operating charges +€699
Financial income +€2,608
Financial charges +€102
Result 2025 €14,284

Cash bridge derived

cash 2024 to 2025

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.

From operations -€3,966
Investment +€3,324
Financing €0
Cash 2024 €703
Net result for the year +€14,284
Receivables within one year -€1,235
Other debts -€17,016
Current investments +€3,324
Cash 2025 €60
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €114,145 €111,413 -€2,732 -2.4%
Current assets 29/58 €114,145 €111,413 -€2,732 -2.4%
Amounts receivable within one year 40/41 - €1,235 +€1,235
Other amounts receivable 41 - €1,235 +€1,235
Current investments 50/53 €113,442 €110,118 -€3,324 -2.9%
Cash at bank and in hand 54/58 €703 €60 -€642 -91.4%
Total equity and liabilities 10/49 €114,145 €111,413 -€2,732 -2.4%
Equity 10/15 €97,129 €111,413 +€14,284 +14.7%
Contributions 10/11 €18,900 €18,900 = 0.0%
Capital 10 €18,900 €18,900 = 0.0%
Issued capital 100 €18,900 €18,900 = 0.0%
Reserves 13 €82,457 €92,525 +€10,068 +12.2%
Non-distributable reserves 130/1 €1,890 €1,890 = 0.0%
Legal reserve 130 €1,890 €1,890 = 0.0%
Distributable reserves 133 €80,567 €90,635 +€10,068 +12.5%
Profit (loss) carried forward 14 -€4,228 -€12 +€4,216 +99.7%
Amounts payable 17/49 €17,016 - -€17,016
Amounts payable within one year 42/48 €17,016 - -€17,016
Other amounts payable 47/48 €17,016 - -€17,016
Remuneration, social security and pensions 62 €30,000 €30,000 = 0.0%
Other operating charges 640/8 €1,165 €465 -€699 -60.0%
Operating profit (loss) 9901 -€31,165 -€30,465 +€699 +2.2%
Financial income 75/76B €42,624 €45,232 +€2,608 +6.1%
Recurring financial income 75 €42,624 €45,232 +€2,608 +6.1%
Non-recurring financial income 76B €42,624 €45,232 +€2,608 +6.1%
Financial charges 65/66B €585 €483 -€102 -17.5%
Recurring financial charges 65 €585 €483 -€102 -17.5%
Non-recurring financial charges 66B €585 €483 -€102 -17.5%
Profit (loss) for the period before taxes 9903 €10,874 €14,284 +€3,410 +31.4%
Profit (loss) for the period 9904 €10,874 €14,284 +€3,410 +31.4%
Profit (loss) for the period to be appropriated 9905 €10,874 €14,284 +€3,410 +31.4%

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 30 September 2026 via checked.be.