SHR Services: 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.
SHR Services
Largest movements
- Cash +€16,213
up €16,213 (+141.3%), from €11,474 to €27,686
mainly Net result for the year (+€14,669) and Depreciation (+€6,550)
- Tangible fixed assets -€5,501
down €5,501 (-19.6%), from €28,096 to €22,595
of which Plant, machinery and equipment: -€3,251
- Receivables within one year -€4,509
down €4,509 (-46.8%), from €9,632 to €5,123
of which Other amounts receivable: -€4,174
- Deferred charges and accrued income +€1,719
new in 2025: €1,719
- Reserves +€14,650
up €14,650 (+113.6%), from €12,900 to €27,550
- Current portion of long-term debt -€5,018
down €5,018 (-24.3%), from €20,664 to €15,645
- Other debts -€3,042
no longer reported in 2025 (was €3,042)
- Tax, wage and social debts +€970
up €970 (+15.7%), from €6,195 to €7,165
- Gross operating margin +€7,479
up €7,479 (+34.1%), from €21,933 to €29,412
- Depreciation +€4,146
up €4,146 (+172.4%), from €2,404 to €6,550
- Taxes +€970
up €970 (+15.7%), from €6,195 to €7,165
- Other operating charges +€836
up €836 (+530.4%), from €158 to €993
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 | €49,202 | €57,123 | +€7,921 | +16.1% |
| Fixed assets | 21/28 | €28,096 | €22,595 | -€5,501 | -19.6% |
| Tangible fixed assets | 22/27 | €28,096 | €22,595 | -€5,501 | -19.6% |
| Plant, machinery and equipment | 23 | €20,783 | €17,532 | -€3,251 | -15.6% |
| Furniture and vehicles | 24 | €7,313 | €5,063 | -€2,250 | -30.8% |
| Current assets | 29/58 | €21,106 | €34,529 | +€13,422 | +63.6% |
| Amounts receivable within one year | 40/41 | €9,632 | €5,123 | -€4,509 | -46.8% |
| Trade receivables | 40 | €3,015 | €2,680 | -€335 | -11.1% |
| Other amounts receivable | 41 | €6,617 | €2,443 | -€4,174 | -63.1% |
| Cash at bank and in hand | 54/58 | €11,474 | €27,686 | +€16,213 | +141.3% |
| Deferred charges and accrued income | 490/1 | - | €1,719 | +€1,719 | |
| Total equity and liabilities | 10/49 | €49,202 | €57,123 | +€7,921 | +16.1% |
| Equity | 10/15 | €17,932 | €32,601 | +€14,669 | +81.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,900 | €27,550 | +€14,650 | +113.6% |
| Distributable reserves | 133 | €12,900 | €27,550 | +€14,650 | +113.6% |
| Profit (loss) carried forward | 14 | €32 | €51 | +€19 | +59.3% |
| Amounts payable | 17/49 | €31,270 | €24,522 | -€6,748 | -21.6% |
| Amounts payable within one year | 42/48 | €31,270 | €24,522 | -€6,748 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €20,664 | €15,645 | -€5,018 | -24.3% |
| Trade debts | 44 | €1,370 | €1,712 | +€343 | +25.0% |
| Suppliers | 440/4 | €1,370 | €1,712 | +€343 | +25.0% |
| Taxes, remuneration and social security | 45 | €6,195 | €7,165 | +€970 | +15.7% |
| Taxes | 450/3 | €6,195 | €7,165 | +€970 | +15.7% |
| Other amounts payable | 47/48 | €3,042 | - | -€3,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,404 | €6,550 | +€4,146 | +172.4% |
| Other operating charges | 640/8 | €158 | €993 | +€836 | +530.4% |
| Gross operating margin | 9900 | €21,933 | €29,412 | +€7,479 | +34.1% |
| Operating profit (loss) | 9901 | €19,371 | €21,869 | +€2,498 | +12.9% |
| Financial income | 75/76B | - | €175 | +€175 | |
| Recurring financial income | 75 | - | €175 | +€175 | |
| Financial charges | 65/66B | €244 | €210 | -€34 | -13.9% |
| Recurring financial charges | 65 | €244 | €210 | -€34 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €19,127 | €21,834 | +€2,707 | +14.2% |
| Income taxes | 67/77 | €6,195 | €7,165 | +€970 | +15.7% |
| Profit (loss) for the period | 9904 | €12,932 | €14,669 | +€1,737 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,932 | €14,669 | +€1,737 | +13.4% |
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 12 October 2026 via checked.be.