SHM Beheer B.V.: what changed
SHM Beheer B.V.
Largest movements
- Cash -€668,610
down €668,610 (-95.1%), from €702,808 to €34,199
mainly Other debts (-€471,139) and Tax, wage and social debts (-€197,785)
- Current investments +€106,471
up €106,471 (+4.4%), from €2.4m to €2.5m
- Other debts -€471,139
down €471,139 (-92.2%), from €510,820 to €39,681
- Tax, wage and social debts -€197,785
down €197,785 (-92.2%), from €214,497 to €16,712
- Reserves +€104,397
up €104,397 (+53.4%), from €195,386 to €299,783
of which Distributable reserves: +€104,397
- Financial income +€92,824
up €92,824 (+118%), from €78,862 to €171,685
- Taxes +€25,147
up €25,147 (+113%), from €22,167 to €47,314
- Financial charges +€18,774
up €18,774, from -€17,030 to €1,744
- Gross operating margin -€13,681
down €13,681 (-754%), from -€1,815 to -€15,495
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,108,689 | €2,545,292 | -€563,398 | -18.1% |
| Current assets | 29/58 | €3,108,689 | €2,545,292 | -€563,398 | -18.1% |
| Amounts receivable within one year | 40/41 | €1,258 | €0 | -€1,258 | -100% |
| Trade receivables | 40 | €1,258 | €0 | -€1,258 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €2,404,622 | €2,511,093 | +€106,471 | +4.4% |
| Cash at bank and in hand | 54/58 | €702,808 | €34,199 | -€668,610 | -95.1% |
| Total equity and liabilities | 10/49 | €3,108,689 | €2,545,292 | -€563,398 | -18.1% |
| Equity | 10/15 | €2,383,373 | €2,487,770 | +€104,397 | +4.4% |
| Contributions | 10/11 | €2,187,987 | €2,187,987 | = | 0.0% |
| Reserves | 13 | €195,386 | €299,783 | +€104,397 | +53.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €193,531 | €297,928 | +€104,397 | +53.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €725,317 | €57,522 | -€667,795 | -92.1% |
| Amounts payable within one year | 42/48 | €725,317 | €57,522 | -€667,795 | -92.1% |
| Trade debts | 44 | €0 | €1,129 | +€1,129 | |
| Suppliers | 440/4 | €0 | €1,129 | +€1,129 | |
| Taxes, remuneration and social security | 45 | €214,497 | €16,712 | -€197,785 | -92.2% |
| Taxes | 450/3 | €214,497 | €16,712 | -€197,785 | -92.2% |
| Other amounts payable | 47/48 | €510,820 | €39,681 | -€471,139 | -92.2% |
| Other operating charges | 640/8 | €2,619 | €2,735 | +€116 | +4.4% |
| Gross operating margin | 9900 | -€1,815 | -€15,495 | -€13,681 | -754% |
| Operating profit (loss) | 9901 | -€4,433 | -€18,230 | -€13,797 | -311% |
| Financial income | 75/76B | €78,862 | €171,685 | +€92,824 | +118% |
| Recurring financial income | 75 | €78,862 | €171,685 | +€92,824 | +118% |
| Financial charges | 65/66B | -€17,030 | €1,744 | +€18,774 | |
| Recurring financial charges | 65 | -€17,030 | €1,744 | +€18,774 | |
| Profit (loss) for the period before taxes | 9903 | €91,458 | €151,711 | +€60,253 | +65.9% |
| Income taxes | 67/77 | €22,167 | €47,314 | +€25,147 | +113% |
| Profit (loss) for the period | 9904 | €69,291 | €104,397 | +€35,106 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,291 | €104,397 | +€35,106 | +50.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.