SHS SHOWJUMPING: 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.
SHS SHOWJUMPING
Largest movements
- Receivables within one year -€43,479
down €43,479 (-65.0%), from €66,891 to €23,412
of which Trade receivables: -€46,480
- Stocks and contracts +€8,000
up €8,000 (+114%), from €7,000 to €15,000
- Tangible fixed assets -€5,095
down €5,095 (-100%), from €5,095 to €0
- Trade debts -€53,232
down €53,232 (-87.0%), from €61,183 to €7,952
- Reserves +€16,206
up €16,206 (+20.3%), from €79,875 to €96,081
- Advances received +€5,898
up €5,898, from €0 to €5,898
- Tax, wage and social debts -€4,836
down €4,836 (-36.4%), from €13,268 to €8,432
- Other debts -€3,834
down €3,834 (-9.6%), from €39,917 to €36,083
- Gross operating margin -€20,202
down €20,202 (-37.9%), from €53,278 to €33,076
- Taxes -€4,396
down €4,396 (-34.3%), from €12,828 to €8,432
- Depreciation -€3,075
down €3,075 (-100%), from €3,075 to €0
- Financial charges -€2,857
down €2,857 (-53.2%), from €5,375 to €2,518
- Financial income -€586
down €586 (-100.0%), from €586 to €0
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.
Derived cash bridge
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 | €195,243 | €155,446 | -€39,798 | -20.4% |
| Fixed assets | 21/28 | €5,095 | €0 | -€5,095 | -100% |
| Tangible fixed assets | 22/27 | €5,095 | €0 | -€5,095 | -100% |
| Furniture and vehicles | 24 | €5,095 | €0 | -€5,095 | -100% |
| Current assets | 29/58 | €190,148 | €155,446 | -€34,703 | -18.3% |
| Stocks and contracts in progress | 3 | €7,000 | €15,000 | +€8,000 | +114% |
| Stocks | 30/36 | €7,000 | €15,000 | +€8,000 | +114% |
| Amounts receivable within one year | 40/41 | €66,891 | €23,412 | -€43,479 | -65.0% |
| Trade receivables | 40 | €62,321 | €15,841 | -€46,480 | -74.6% |
| Other amounts receivable | 41 | €4,570 | €7,571 | +€3,001 | +65.7% |
| Cash at bank and in hand | 54/58 | €115,723 | €117,033 | +€1,311 | +1.1% |
| Deferred charges and accrued income | 490/1 | €534 | €0 | -€534 | -100% |
| Total equity and liabilities | 10/49 | €195,243 | €155,446 | -€39,798 | -20.4% |
| Equity | 10/15 | €80,875 | €97,081 | +€16,206 | +20.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €79,875 | €96,081 | +€16,206 | +20.3% |
| Distributable reserves | 133 | €79,875 | €96,081 | +€16,206 | +20.3% |
| Amounts payable | 17/49 | €114,368 | €58,364 | -€56,004 | -49.0% |
| Amounts payable within one year | 42/48 | €114,368 | €58,364 | -€56,004 | -49.0% |
| Trade debts | 44 | €61,183 | €7,952 | -€53,232 | -87.0% |
| Suppliers | 440/4 | €61,183 | €7,952 | -€53,232 | -87.0% |
| Advances received on contracts in progress | 46 | €0 | €5,898 | +€5,898 | |
| Taxes, remuneration and social security | 45 | €13,268 | €8,432 | -€4,836 | -36.4% |
| Taxes | 450/3 | €13,268 | €8,432 | -€4,836 | -36.4% |
| Other amounts payable | 47/48 | €39,917 | €36,083 | -€3,834 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,075 | €0 | -€3,075 | -100% |
| Other operating charges | 640/8 | €1,229 | €825 | -€404 | -32.9% |
| Non-recurring operating charges | 66A | - | €5,095 | +€5,095 | |
| Gross operating margin | 9900 | €53,278 | €33,076 | -€20,202 | -37.9% |
| Operating profit (loss) | 9901 | €48,973 | €27,156 | -€21,818 | -44.5% |
| Financial income | 75/76B | €586 | €0 | -€586 | -100.0% |
| Recurring financial income | 75 | €586 | €0 | -€586 | -100.0% |
| Financial charges | 65/66B | €5,375 | €2,518 | -€2,857 | -53.2% |
| Recurring financial charges | 65 | €5,375 | €2,518 | -€2,857 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €44,185 | €24,638 | -€19,547 | -44.2% |
| Income taxes | 67/77 | €12,828 | €8,432 | -€4,396 | -34.3% |
| Profit (loss) for the period | 9904 | €31,357 | €16,206 | -€15,151 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,357 | €16,206 | -€15,151 | -48.3% |
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 24 October 2026 via checked.be.