SHP SERVICES: 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.
SHP SERVICES
Largest movements
- Receivables within one year -€247,111
down €247,111 (-40.0%), from €618,286 to €371,176
of which Trade receivables: -€250,849
- Cash -€59,844
down €59,844 (-42.1%), from €142,136 to €82,292
mainly Contributions, distributions and other (-€310,707) and Investment in fixed assets (net) (-€83,464)
- Tangible fixed assets +€22,801
up €22,801 (+3.1%), from €734,053 to €756,855
of which Furniture and vehicles: +€53,664
- Reserves -€306,949
down €306,949 (-41.8%), from €734,747 to €427,798
- Other debts +€33,937
up €33,937 (+6.3%), from €539,539 to €573,476
- Gross operating margin +€117,507
up €117,507 (+70.3%), from €167,229 to €284,736
- Write-downs +€113,800
up €113,800, from -€44,252 to €69,549
- Provisions +€39,000
up €39,000, from -€39,000 to €0
- Other operating charges -€11,955
down €11,955 (-50.7%), from €23,558 to €11,603
- Taxes -€9,838
down €9,838 (-96.3%), from €10,219 to €380
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 | €1,498,012 | €1,214,207 | -€283,806 | -18.9% |
| Fixed assets | 21/28 | €736,053 | €758,855 | +€22,801 | +3.1% |
| Tangible fixed assets | 22/27 | €734,053 | €756,855 | +€22,801 | +3.1% |
| Land and buildings | 22 | €637,778 | €616,967 | -€20,811 | -3.3% |
| Plant, machinery and equipment | 23 | €39,363 | €29,313 | -€10,051 | -25.5% |
| Furniture and vehicles | 24 | €56,912 | €110,575 | +€53,664 | +94.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €761,959 | €455,352 | -€306,607 | -40.2% |
| Amounts receivable within one year | 40/41 | €618,286 | €371,176 | -€247,111 | -40.0% |
| Trade receivables | 40 | €590,437 | €339,589 | -€250,849 | -42.5% |
| Other amounts receivable | 41 | €27,849 | €31,587 | +€3,738 | +13.4% |
| Cash at bank and in hand | 54/58 | €142,136 | €82,292 | -€59,844 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,884 | +€347 | +22.6% |
| Total equity and liabilities | 10/49 | €1,498,012 | €1,214,207 | -€283,806 | -18.9% |
| Equity | 10/15 | €753,339 | €446,390 | -€306,949 | -40.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €734,747 | €427,798 | -€306,949 | -41.8% |
| Distributable reserves | 133 | €734,747 | €427,798 | -€306,949 | -41.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €744,673 | €767,816 | +€23,143 | +3.1% |
| Amounts payable within one year | 42/48 | €744,673 | €767,816 | +€23,143 | +3.1% |
| Financial debts | 43 | €147 | €2,299 | +€2,152 | +1463.1% |
| Credit institutions | 430/8 | €147 | €2,105 | +€1,958 | +1331.3% |
| Other loans | 439 | - | €194 | +€194 | |
| Trade debts | 44 | €202,173 | €187,578 | -€14,595 | -7.2% |
| Suppliers | 440/4 | €202,173 | €187,578 | -€14,595 | -7.2% |
| Taxes, remuneration and social security | 45 | €2,814 | €4,463 | +€1,649 | +58.6% |
| Taxes | 450/3 | €0 | €2,658 | +€2,658 | |
| Remuneration and social security | 454/9 | €2,814 | €1,806 | -€1,009 | -35.8% |
| Other amounts payable | 47/48 | €539,539 | €573,476 | +€33,937 | +6.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €35,417 | €44,522 | +€9,106 | +25.7% |
| Remuneration, social security and pensions | 62 | €138,486 | €138,077 | -€409 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,250 | €60,663 | +€1,412 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,252 | €69,549 | +€113,800 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€39,000 | €0 | +€39,000 | |
| Other operating charges | 640/8 | €23,558 | €11,603 | -€11,955 | -50.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €167,229 | €284,736 | +€117,507 | +70.3% |
| Operating profit (loss) | 9901 | €29,187 | €4,845 | -€24,341 | -83.4% |
| Financial income | 75/76B | €985 | €376 | -€609 | -61.8% |
| Recurring financial income | 75 | €985 | €376 | -€609 | -61.8% |
| Financial charges | 65/66B | €4,159 | €1,083 | -€3,076 | -74.0% |
| Recurring financial charges | 65 | €4,159 | €1,083 | -€3,076 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €26,012 | €4,138 | -€21,874 | -84.1% |
| Income taxes | 67/77 | €10,219 | €380 | -€9,838 | -96.3% |
| Profit (loss) for the period | 9904 | €15,794 | €3,758 | -€12,036 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,794 | €3,758 | -€12,036 | -76.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.