SHS HOLDING: what changed
What changed
SHS HOLDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€403,296
2024 · €6,828+€396,468
Equity
€9.2m
2024 · €8.8m+€403,296
Cash
€20,376
2024 · €4,463+€15,913
Balance sheet total
€12.9m
2024 · €12.8m+€128,655
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€403,296
up €403,296 (+5.5%), from €7.3m to €7.7m
- Debts after one year -€274,641
down €274,641 (-8.6%), from €3.2m to €2.9m
Income statement
- Financial income +€435,180
up €435,180 (+1,655%), from €26,298 to €461,479
- Financial charges +€36,532
up €36,532 (+199%), from €18,323 to €54,855
- Gross operating margin -€2,173
down €2,173, from €0 to -€2,173
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.
Result 2024
€6,828
Gross operating margin
-€2,173
Other operating charges
-€7
Financial income
+€435,180
Financial charges
-€36,532
Result 2025
€403,296
raises the resultlowers the result
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.
From operations
+€290,554
Investment
€0
Financing
-€274,641
Cash 2024
€4,463
From operations (derived)
+€290,554
Net result for the year
+€403,296
Receivables after one year
-€106,479
Receivables within one year
-€6,264
Financing
-€274,641
Debts after one year
-€274,641
Cash 2025
€20,376
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,810,095 | €12,938,750 | +€128,655 | +1.0% |
| Fixed assets | 21/28 | €11,025,027 | €11,025,027 | = | 0.0% |
| Financial fixed assets | 28 | €11,025,027 | €11,025,027 | = | 0.0% |
| Current assets | 29/58 | €1,785,068 | €1,913,723 | +€128,655 | +7.2% |
| Amounts receivable after more than one year | 29 | €1,779,518 | €1,885,996 | +€106,479 | +6.0% |
| Other amounts receivable | 291 | €1,779,518 | €1,885,996 | +€106,479 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,088 | €7,351 | +€6,264 | +576% |
| Trade receivables | 40 | €600 | €0 | -€600 | -100% |
| Other amounts receivable | 41 | €488 | €7,351 | +€6,864 | +1,408% |
| Cash at bank and in hand | 54/58 | €4,463 | €20,376 | +€15,913 | +357% |
| Total equity and liabilities | 10/49 | €12,810,095 | €12,938,750 | +€128,655 | +1.0% |
| Equity | 10/15 | €8,802,506 | €9,205,802 | +€403,296 | +4.6% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €7,302,506 | €7,705,802 | +€403,296 | +5.5% |
| Distributable reserves | 133 | €7,302,506 | €7,705,802 | +€403,296 | +5.5% |
| Amounts payable | 17/49 | €4,007,590 | €3,732,949 | -€274,641 | -6.9% |
| Amounts payable after more than one year | 17 | €3,207,590 | €2,932,949 | -€274,641 | -8.6% |
| Financial debts | 170/4 | €3,207,590 | €2,932,949 | -€274,641 | -8.6% |
| Amounts payable within one year | 42/48 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 43 | €800,000 | €800,000 | = | 0.0% |
| Credit institutions | 430/8 | €800,000 | €800,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,147 | €1,155 | +€7 | +0.6% |
| Gross operating margin | 9900 | €0 | -€2,173 | -€2,173 | |
| Operating profit (loss) | 9901 | -€1,147 | -€3,327 | -€2,180 | -190% |
| Financial income | 75/76B | €26,298 | €461,479 | +€435,180 | +1,655% |
| Recurring financial income | 75 | €26,298 | €461,479 | +€435,180 | +1,655% |
| Financial charges | 65/66B | €18,323 | €54,855 | +€36,532 | +199% |
| Recurring financial charges | 65 | €18,323 | €54,855 | +€36,532 | +199% |
| Profit (loss) for the period before taxes | 9903 | €6,828 | €403,296 | +€396,468 | +5,807% |
| Profit (loss) for the period | 9904 | €6,828 | €403,296 | +€396,468 | +5,807% |
| Profit (loss) for the period to be appropriated | 9905 | €6,828 | €403,296 | +€396,468 | +5,807% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.