SHS COMPUTER: 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.
What changed
SHS COMPUTER
NACE 47.400, Retail sale of information and communication equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€560,722
2023 · €213,150+€347,571
Equity
€3.8m
2023 · €3.3m+€555,401
Cash
€993,832
2023 · €290,485+€703,347
Balance sheet total
€7.1m
2023 · €6.3m+€823,293
Largest movements
Assets
- Cash +€703,347
up €703,347 (+242%), from €290,485 to €993,832
mainly Tax, wage and social debts (+€726,171) and Net result for the year (+€560,722)
- Stocks and contracts +€412,268
up €412,268 (+11.6%), from €3.6m to €4.0m
- Tangible fixed assets -€249,326
down €249,326 (-33.1%), from €752,414 to €503,089
of which Other tangible fixed assets: -€140,236
Equity and liabilities
- Tax, wage and social debts +€726,171
up €726,171 (+141%), from €514,100 to €1.2m
of which Taxes: +€682,130
- Profit (loss) carried forward +€560,722
up €560,722 (+28.3%), from €2.0m to €2.5m
- Debts after one year -€258,971
down €258,971 (-32.5%), from €797,001 to €538,030
of which Other amounts payable: -€135,816
- Short-term financial debts -€193,421
down €193,421 (-19.7%), from €982,805 to €789,384
Income statement
- Turnover +€14.9m
new in 2024: €14.9m
- Goods and materials +€12.2m
new in 2024: €12.2m
of which Purchases: +€12.6m
- Gross operating margin -€1.3m
no longer reported in 2024 (was €1.3m)
- Services and other goods +€838,924
new in 2024: €838,924
From the 2023 result to the 2024 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 2023
€213,150
Turnover
+€14.9m
Other operating income
+€33,875
Goods and materials
-€12.2m
Services and other goods
-€838,924
Staff costs
-€36,508
Depreciation
+€23,809
Provisions
-€19,994
Other operating charges
-€68,241
Other operating items
-€1.3m
Financial income
+€23,633
Financial charges
-€49,101
Taxes
-€42,789
Result 2024
€560,722
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.1m
Investment
+€69,850
Financing
-€469,792
Cash 2023
€290,485
From operations (derived)
+€1.1m
Net result for the year
+€560,722
Depreciation
+€137,981
Stocks and contracts
-€412,268
Receivables within one year
+€64,291
Deferred charges and accrued income
+€20,200
Provisions
+€36,000
Trade debts
-€29,808
Tax, wage and social debts
+€726,171
Investment (derived)
+€69,850
Investment in fixed assets (net)
+€69,850
Financing
-€469,792
Debts after one year
-€258,971
Current portion of long-term debt
-€12,079
Short-term financial debts
-€193,421
Contributions, distributions and other
-€5,321
Cash 2024
€993,832
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,263,144 | €7,086,437 | +€823,293 | +13.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €864,308 | €656,477 | -€207,831 | -24.0% |
| Intangible fixed assets | 21 | €111,894 | €153,388 | +€41,495 | +37.1% |
| Tangible fixed assets | 22/27 | €752,414 | €503,089 | -€249,326 | -33.1% |
| Land and buildings | 22 | €347,940 | €295,021 | -€52,919 | -15.2% |
| Plant, machinery and equipment | 23 | €115,242 | €107,473 | -€7,769 | -6.7% |
| Furniture and vehicles | 24 | €148,997 | €100,595 | -€48,402 | -32.5% |
| Other tangible fixed assets | 26 | €140,236 | €0 | -€140,236 | -100% |
| Current assets | 29/58 | €5,398,835 | €6,429,960 | +€1.0m | +19.1% |
| Stocks and contracts in progress | 3 | €3,566,558 | €3,978,826 | +€412,268 | +11.6% |
| Stocks | 30/36 | €3,566,558 | €3,978,826 | +€412,268 | +11.6% |
| Goods purchased for resale | 34 | - | €3,978,826 | +€4.0m | |
| Amounts receivable within one year | 40/41 | €1,521,592 | €1,457,301 | -€64,291 | -4.2% |
| Trade receivables | 40 | €1,115,089 | €945,931 | -€169,158 | -15.2% |
| Other amounts receivable | 41 | €406,503 | €511,370 | +€104,867 | +25.8% |
| Cash at bank and in hand | 54/58 | €290,485 | €993,832 | +€703,347 | +242% |
| Deferred charges and accrued income | 490/1 | €20,200 | €0 | -€20,200 | -100% |
| Total equity and liabilities | 10/49 | €6,263,144 | €7,086,437 | +€823,293 | +13.1% |
| Equity | 10/15 | €3,281,884 | €3,837,284 | +€555,401 | +16.9% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Contributions outside capital | 11 | €475,000 | - | -€475,000 | |
| Other | 1109/19 | €475,000 | - | -€475,000 | |
| Reserves | 13 | €812,453 | €812,453 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,500 | €47,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,500 | €47,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €727,453 | €727,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,981,478 | €2,542,200 | +€560,722 | +28.3% |
| Investment grants | 15 | €12,952 | €7,631 | -€5,321 | -41.1% |
| Provisions and deferred taxes | 16 | €141,825 | €177,825 | +€36,000 | +25.4% |
| Provisions for liabilities and charges | 160/5 | €141,825 | €177,825 | +€36,000 | +25.4% |
| Pensions and similar obligations | 160 | - | €177,825 | +€177,825 | |
| Environmental obligations | 163 | €141,825 | €0 | -€141,825 | -100% |
| Amounts payable | 17/49 | €2,839,435 | €3,071,327 | +€231,892 | +8.2% |
| Amounts payable after more than one year | 17 | €797,001 | €538,030 | -€258,971 | -32.5% |
| Financial debts | 170/4 | €515,475 | €460,529 | -€54,946 | -10.7% |
| Credit institutions | 173 | - | €460,529 | +€460,529 | |
| Trade debts | 175 | €145,710 | €77,501 | -€68,209 | -46.8% |
| Suppliers | 1750 | - | €77,501 | +€77,501 | |
| Other amounts payable | 178/9 | €135,816 | €0 | -€135,816 | -100% |
| Amounts payable within one year | 42/48 | €2,041,148 | €2,532,011 | +€490,863 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €387,133 | €375,055 | -€12,079 | -3.1% |
| Financial debts | 43 | €982,805 | €789,384 | -€193,421 | -19.7% |
| Credit institutions | 430/8 | €982,805 | €789,384 | -€193,421 | -19.7% |
| Trade debts | 44 | €157,110 | €127,302 | -€29,808 | -19.0% |
| Suppliers | 440/4 | €157,110 | €127,302 | -€29,808 | -19.0% |
| Taxes, remuneration and social security | 45 | €514,100 | €1,240,270 | +€726,171 | +141% |
| Taxes | 450/3 | €429,069 | €1,111,198 | +€682,130 | +159% |
| Remuneration and social security | 454/9 | €85,031 | €129,072 | +€44,041 | +51.8% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €1,287 | €1,287 | = | 0.0% |
| Operating income | 70/76A | - | €14,909,195 | +€14.9m | |
| Turnover | 70 | - | €14,871,046 | +€14.9m | |
| Other operating income | 74 | - | €33,875 | +€33,875 | |
| Non-recurring operating income | 76A | - | €4,274 | +€4,274 | |
| Operating charges | 60/66A | - | €14,017,306 | +€14.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €12,228,592 | +€12.2m | |
| Purchases | 600/8 | - | €12,640,860 | +€12.6m | |
| Change in stocks: decrease (increase) | 609 | - | -€412,268 | -€412,268 | |
| Services and other goods | 61 | - | €838,924 | +€838,924 | |
| Remuneration, social security and pensions | 62 | €597,942 | €634,451 | +€36,508 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,790 | €137,981 | -€23,809 | -14.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,006 | €36,000 | +€19,994 | +125% |
| Other operating charges | 640/8 | €35,197 | €103,438 | +€68,241 | +194% |
| Non-recurring operating charges | 66A | €21,100 | €37,921 | +€16,821 | +79.7% |
| Gross operating margin | 9900 | €1,308,095 | - | -€1.3m | |
| Operating profit (loss) | 9901 | €476,059 | €891,889 | +€415,829 | +87.3% |
| Financial income | 75/76B | €10,559 | €34,192 | +€23,633 | +224% |
| Recurring financial income | 75 | €10,559 | €34,192 | +€23,633 | +224% |
| Other financial income | 752/9 | - | €34,192 | +€34,192 | |
| Financial charges | 65/66B | €91,258 | €140,359 | +€49,101 | +53.8% |
| Recurring financial charges | 65 | €91,258 | €140,359 | +€49,101 | +53.8% |
| Debt charges | 650 | - | €69,085 | +€69,085 | |
| Other financial charges | 652/9 | - | €71,274 | +€71,274 | |
| Profit (loss) for the period before taxes | 9903 | €395,361 | €785,722 | +€390,361 | +98.7% |
| Income taxes | 67/77 | €182,211 | €225,000 | +€42,789 | +23.5% |
| Taxes | 670/3 | - | €225,000 | +€225,000 | |
| Profit (loss) for the period | 9904 | €213,150 | €560,722 | +€347,571 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €213,150 | €560,722 | +€347,571 | +163% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.