2 BHAI: 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.
2 BHAI
Largest movements
- Cash +€34,056
up €34,056 (+111%), from €30,728 to €64,784
mainly Depreciation (+€18,603) and Tax, wage and social debts (+€17,106)
- Tangible fixed assets +€21,684
up €21,684 (+62.6%), from €34,647 to €56,331
of which Furniture and vehicles: +€27,836
- Receivables within one year +€2,468
up €2,468 (+987%), from €250 to €2,718
- Tax, wage and social debts +€17,106
up €17,106 (+147%), from €11,674 to €28,780
of which Remuneration and social security: +€14,129
- Debts after one year +€13,669
new in 2025: €13,669
- Current portion of long-term debt +€11,259
new in 2025: €11,259
- Profit (loss) carried forward +€6,575
up €6,575 (+188%), from €3,497 to €10,072
- Other debts +€5,290
up €5,290 (+16.8%), from €31,553 to €36,843
- Staff costs +€23,742
up €23,742 (+38.6%), from €61,564 to €85,306
- Gross operating margin +€23,681
up €23,681 (+24.0%), from €98,603 to €122,284
- Depreciation +€10,071
up €10,071 (+118%), from €8,532 to €18,603
- Taxes +€4,756
new in 2025: €4,756
- Financial charges +€1,234
up €1,234 (+115%), from €1,070 to €2,304
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 | €73,073 | €131,737 | +€58,664 | +80.3% |
| Fixed assets | 21/28 | €39,547 | €61,231 | +€21,684 | +54.8% |
| Tangible fixed assets | 22/27 | €34,647 | €56,331 | +€21,684 | +62.6% |
| Plant, machinery and equipment | 23 | €28,686 | €22,534 | -€6,152 | -21.4% |
| Furniture and vehicles | 24 | €5,961 | €33,797 | +€27,836 | +467% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €33,526 | €70,506 | +€36,980 | +110% |
| Stocks and contracts in progress | 3 | €2,548 | €3,004 | +€456 | +17.9% |
| Stocks | 30/36 | €2,548 | €3,004 | +€456 | +17.9% |
| Amounts receivable within one year | 40/41 | €250 | €2,718 | +€2,468 | +987% |
| Other amounts receivable | 41 | €250 | €2,718 | +€2,468 | +987% |
| Cash at bank and in hand | 54/58 | €30,728 | €64,784 | +€34,056 | +111% |
| Total equity and liabilities | 10/49 | €73,073 | €131,737 | +€58,664 | +80.3% |
| Equity | 10/15 | €23,497 | €33,569 | +€10,072 | +42.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €3,497 | +€3,497 | |
| Distributable reserves | 133 | - | €3,497 | +€3,497 | |
| Profit (loss) carried forward | 14 | €3,497 | €10,072 | +€6,575 | +188% |
| Amounts payable | 17/49 | €49,576 | €98,168 | +€48,592 | +98.0% |
| Amounts payable after more than one year | 17 | - | €13,669 | +€13,669 | |
| Financial debts | 170/4 | - | €13,669 | +€13,669 | |
| Amounts payable within one year | 42/48 | €49,576 | €84,210 | +€34,634 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,259 | +€11,259 | |
| Trade debts | 44 | €6,349 | €7,328 | +€979 | +15.4% |
| Suppliers | 440/4 | €6,349 | €7,328 | +€979 | +15.4% |
| Taxes, remuneration and social security | 45 | €11,674 | €28,780 | +€17,106 | +147% |
| Taxes | 450/3 | €2,512 | €5,489 | +€2,977 | +119% |
| Remuneration and social security | 454/9 | €9,162 | €23,291 | +€14,129 | +154% |
| Other amounts payable | 47/48 | €31,553 | €36,843 | +€5,290 | +16.8% |
| Accrued charges and deferred income | 492/3 | - | €289 | +€289 | |
| Remuneration, social security and pensions | 62 | €61,564 | €85,306 | +€23,742 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,532 | €18,603 | +€10,071 | +118% |
| Other operating charges | 640/8 | €1,404 | €1,448 | +€44 | +3.1% |
| Gross operating margin | 9900 | €98,603 | €122,284 | +€23,681 | +24.0% |
| Operating profit (loss) | 9901 | €27,103 | €16,927 | -€10,176 | -37.5% |
| Financial income | 75/76B | €9 | €205 | +€196 | +2,178% |
| Recurring financial income | 75 | €9 | €205 | +€196 | +2,178% |
| Financial charges | 65/66B | €1,070 | €2,304 | +€1,234 | +115% |
| Recurring financial charges | 65 | €1,070 | €2,304 | +€1,234 | +115% |
| Profit (loss) for the period before taxes | 9903 | €26,042 | €14,828 | -€11,214 | -43.1% |
| Income taxes | 67/77 | - | €4,756 | +€4,756 | |
| Profit (loss) for the period | 9904 | €26,042 | €10,072 | -€15,970 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,042 | €10,072 | -€15,970 | -61.3% |
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 23 October 2026 via checked.be.