SHJ-Vens: 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.
SHJ-Vens
Largest movements
- Current investments +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tangible fixed assets -€15,585
down €15,585 (-48.2%), from €32,314 to €16,729
- Receivables within one year +€5,866
up €5,866 (+38.0%), from €15,430 to €21,296
of which Trade receivables: +€6,616
- Cash +€5,089
up €5,089 (+12.5%), from €40,549 to €45,637
mainly Other debts (+€41,820) and Net result for the year (+€41,110)
- Other debts +€41,820
up €41,820 (+153%), from €27,369 to €69,189
- Reserves -€26,283
down €26,283 (-25.1%), from €104,743 to €78,460
- Tax, wage and social debts +€3,303
up €3,303 (+81.8%), from €4,038 to €7,340
- Gross operating margin +€17,959
up €17,959 (+34.5%), from €52,106 to €70,065
- Taxes +€3,747
up €3,747 (+48.8%), from €7,683 to €11,431
- Financial income -€1,826
down €1,826 (-98.6%), from €1,852 to €25
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 | €139,871 | €158,906 | +€19,035 | +13.6% |
| Fixed assets | 21/28 | €32,314 | €16,729 | -€15,585 | -48.2% |
| Tangible fixed assets | 22/27 | €32,314 | €16,729 | -€15,585 | -48.2% |
| Furniture and vehicles | 24 | €32,314 | €16,729 | -€15,585 | -48.2% |
| Current assets | 29/58 | €107,557 | €142,177 | +€34,620 | +32.2% |
| Amounts receivable within one year | 40/41 | €15,430 | €21,296 | +€5,866 | +38.0% |
| Trade receivables | 40 | €14,680 | €21,296 | +€6,616 | +45.1% |
| Other amounts receivable | 41 | €750 | €0 | -€750 | -100% |
| Current investments | 50/53 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €40,549 | €45,637 | +€5,089 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,578 | €243 | -€1,335 | -84.6% |
| Total equity and liabilities | 10/49 | €139,871 | €158,906 | +€19,035 | +13.6% |
| Equity | 10/15 | €105,743 | €79,460 | -€26,283 | -24.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €104,743 | €78,460 | -€26,283 | -25.1% |
| Distributable reserves | 133 | €104,743 | €78,460 | -€26,283 | -25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,128 | €79,446 | +€45,318 | +133% |
| Amounts payable within one year | 42/48 | €32,879 | €78,748 | +€45,869 | +140% |
| Trade debts | 44 | €1,472 | €2,220 | +€747 | +50.8% |
| Suppliers | 440/4 | €1,472 | €2,220 | +€747 | +50.8% |
| Taxes, remuneration and social security | 45 | €4,038 | €7,340 | +€3,303 | +81.8% |
| Taxes | 450/3 | €4,038 | €7,340 | +€3,303 | +81.8% |
| Other amounts payable | 47/48 | €27,369 | €69,189 | +€41,820 | +153% |
| Accrued charges and deferred income | 492/3 | €1,249 | €698 | -€552 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,933 | €15,585 | -€347 | -2.2% |
| Other operating charges | 640/8 | €993 | €1,136 | +€143 | +14.4% |
| Gross operating margin | 9900 | €52,106 | €70,065 | +€17,959 | +34.5% |
| Operating profit (loss) | 9901 | €35,180 | €53,343 | +€18,164 | +51.6% |
| Financial income | 75/76B | €1,852 | €25 | -€1,826 | -98.6% |
| Recurring financial income | 75 | €1,852 | €25 | -€1,826 | -98.6% |
| Financial charges | 65/66B | €1,347 | €828 | -€519 | -38.5% |
| Recurring financial charges | 65 | €1,347 | €828 | -€519 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €35,684 | €52,541 | +€16,856 | +47.2% |
| Income taxes | 67/77 | €7,683 | €11,431 | +€3,747 | +48.8% |
| Profit (loss) for the period | 9904 | €28,001 | €41,110 | +€13,109 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,001 | €41,110 | +€13,109 | +46.8% |
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 23 October 2026 via checked.be.