SHU HONG: 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.
SHU HONG
Largest movements
- Tangible fixed assets +€4,706
up €4,706 (+68.7%), from €6,847 to €11,553
of which Furniture and vehicles: +€3,087
- Cash -€3,554
down €3,554 (-25.4%), from €13,993 to €10,440
mainly Investment in fixed assets (net) (-€6,801) and Other debts (-€4,239)
- Stocks and contracts -€603
down €603 (-13.2%), from €4,586 to €3,983
- Other debts -€4,239
no longer reported in 2025 (was €4,239)
- Profit (loss) carried forward +€4,048
up €4,048, from -€2,570 to €1,478
- Tax, wage and social debts +€2,483
up €2,483 (+108%), from €2,302 to €4,785
of which Remuneration and social security: +€2,500
- Trade debts -€1,551
down €1,551 (-28.2%), from €5,496 to €3,945
- Gross operating margin -€7,363
down €7,363 (-39.8%), from €18,508 to €11,145
- Other operating charges -€1,058
down €1,058 (-29.5%), from €3,591 to €2,533
- Taxes -€1,012
down €1,012 (-31.5%), from €3,217 to €2,206
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 | €30,012 | €30,668 | +€656 | +2.2% |
| Fixed assets | 21/28 | €6,847 | €11,553 | +€4,706 | +68.7% |
| Tangible fixed assets | 22/27 | €6,847 | €11,553 | +€4,706 | +68.7% |
| Plant, machinery and equipment | 23 | €5,628 | €7,247 | +€1,619 | +28.8% |
| Furniture and vehicles | 24 | €1,220 | €4,307 | +€3,087 | +253% |
| Current assets | 29/58 | €23,165 | €19,115 | -€4,050 | -17.5% |
| Stocks and contracts in progress | 3 | €4,586 | €3,983 | -€603 | -13.2% |
| Stocks | 30/36 | €4,586 | €3,983 | -€603 | -13.2% |
| Amounts receivable within one year | 40/41 | €2,723 | €2,961 | +€239 | +8.8% |
| Trade receivables | 40 | €547 | €457 | -€89 | -16.4% |
| Other amounts receivable | 41 | €2,176 | €2,504 | +€328 | +15.1% |
| Cash at bank and in hand | 54/58 | €13,993 | €10,440 | -€3,554 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,863 | €1,731 | -€132 | -7.1% |
| Total equity and liabilities | 10/49 | €30,012 | €30,668 | +€656 | +2.2% |
| Equity | 10/15 | €17,890 | €21,938 | +€4,048 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,570 | €1,478 | +€4,048 | |
| Amounts payable | 17/49 | €12,122 | €8,730 | -€3,392 | -28.0% |
| Amounts payable within one year | 42/48 | €12,037 | €8,730 | -€3,307 | -27.5% |
| Trade debts | 44 | €5,496 | €3,945 | -€1,551 | -28.2% |
| Suppliers | 440/4 | €5,496 | €3,945 | -€1,551 | -28.2% |
| Taxes, remuneration and social security | 45 | €2,302 | €4,785 | +€2,483 | +108% |
| Taxes | 450/3 | €2,302 | €2,285 | -€17 | -0.7% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €4,239 | - | -€4,239 | |
| Accrued charges and deferred income | 492/3 | €85 | €0 | -€85 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,234 | €2,095 | -€139 | -6.2% |
| Other operating charges | 640/8 | €3,591 | €2,533 | -€1,058 | -29.5% |
| Gross operating margin | 9900 | €18,508 | €11,145 | -€7,363 | -39.8% |
| Operating profit (loss) | 9901 | €12,683 | €6,517 | -€6,166 | -48.6% |
| Financial charges | 65/66B | €84 | €264 | +€179 | +213% |
| Recurring financial charges | 65 | €84 | €264 | +€179 | +213% |
| Profit (loss) for the period before taxes | 9903 | €12,599 | €6,253 | -€6,345 | -50.4% |
| Income taxes | 67/77 | €3,217 | €2,206 | -€1,012 | -31.5% |
| Profit (loss) for the period | 9904 | €9,381 | €4,048 | -€5,333 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,381 | €4,048 | -€5,333 | -56.9% |
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 29 October 2026 via checked.be.