SHV Consult: 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.
SHV Consult
Largest movements
- Tangible fixed assets -€119,052
down €119,052 (-19.8%), from €600,255 to €481,202
of which Land and buildings: -€147,779
- Cash -€38,908
down €38,908 (-12.4%), from €313,250 to €274,342
mainly Net result for the year (-€172,084) and Investment in fixed assets (net) (-€69,707)
- Profit (loss) carried forward -€172,084
down €172,084 (-29.7%), from -€579,045 to -€751,129
- Other debts -€11,293
down €11,293 (-1.5%), from €746,654 to €735,361
- Trade debts +€11,063
up €11,063 (+44.5%), from €24,849 to €35,912
- Depreciation +€19,149
up €19,149 (+11.3%), from €169,610 to €188,759
- Gross operating margin -€3,641
down €3,641 (-14.0%), from €26,068 to €22,427
- Financial income -€614
down €614 (-21.2%), from €2,893 to €2,279
- Financial charges +€434
up €434 (+204.3%), from €213 to €647
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 | €1,001,529 | €830,665 | -€170,864 | -17.1% |
| Fixed assets | 21/28 | €600,255 | €481,202 | -€119,052 | -19.8% |
| Tangible fixed assets | 22/27 | €600,255 | €481,202 | -€119,052 | -19.8% |
| Land and buildings | 22 | €469,416 | €321,637 | -€147,779 | -31.5% |
| Plant, machinery and equipment | 23 | €2,595 | €727 | -€1,868 | -72.0% |
| Furniture and vehicles | 24 | €128,243 | €158,838 | +€30,595 | +23.9% |
| Current assets | 29/58 | €401,274 | €349,463 | -€51,811 | -12.9% |
| Amounts receivable within one year | 40/41 | €83,425 | €75,122 | -€8,303 | -10.0% |
| Trade receivables | 40 | €83,425 | €74,242 | -€9,183 | -11.0% |
| Other amounts receivable | 41 | - | €880 | +€880 | |
| Cash at bank and in hand | 54/58 | €313,250 | €274,342 | -€38,908 | -12.4% |
| Deferred charges and accrued income | 490/1 | €4,600 | €0 | -€4,600 | -100.0% |
| Total equity and liabilities | 10/49 | €1,001,529 | €830,665 | -€170,864 | -17.1% |
| Equity | 10/15 | €210,955 | €38,871 | -€172,084 | -81.6% |
| Contributions | 10/11 | €790,000 | €790,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€579,045 | -€751,129 | -€172,084 | -29.7% |
| Amounts payable | 17/49 | €790,574 | €791,794 | +€1,221 | +0.2% |
| Amounts payable within one year | 42/48 | €784,324 | €784,294 | -€29 | 0.0% |
| Trade debts | 44 | €24,849 | €35,912 | +€11,063 | +44.5% |
| Suppliers | 440/4 | €24,849 | €35,912 | +€11,063 | +44.5% |
| Taxes, remuneration and social security | 45 | €12,821 | €13,021 | +€200 | +1.6% |
| Taxes | 450/3 | €12,821 | €13,021 | +€200 | +1.6% |
| Other amounts payable | 47/48 | €746,654 | €735,361 | -€11,293 | -1.5% |
| Accrued charges and deferred income | 492/3 | €6,250 | €7,500 | +€1,250 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,610 | €188,759 | +€19,149 | +11.3% |
| Other operating charges | 640/8 | €6,147 | €6,228 | +€80 | +1.3% |
| Non-recurring operating charges | 66A | €5,981 | €0 | -€5,981 | -100.0% |
| Gross operating margin | 9900 | €26,068 | €22,427 | -€3,641 | -14.0% |
| Operating profit (loss) | 9901 | -€155,670 | -€172,560 | -€16,890 | -10.8% |
| Financial income | 75/76B | €2,893 | €2,279 | -€614 | -21.2% |
| Recurring financial income | 75 | €2,893 | €2,279 | -€614 | -21.2% |
| Financial charges | 65/66B | €213 | €647 | +€434 | +204.3% |
| Recurring financial charges | 65 | €213 | €647 | +€434 | +204.3% |
| Profit (loss) for the period before taxes | 9903 | -€152,990 | -€170,928 | -€17,938 | -11.7% |
| Income taxes | 67/77 | €999 | €1,156 | +€157 | +15.7% |
| Profit (loss) for the period | 9904 | -€153,989 | -€172,084 | -€18,095 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€153,989 | -€172,084 | -€18,095 | -11.8% |
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 11 October 2026 via checked.be.