B.B.H.V.: 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.
B.B.H.V.
Largest movements
- Financial fixed assets -€140,217
no longer reported in 2025 (was €140,217)
- Cash +€65,562
up €65,562 (+84.7%), from €77,374 to €142,936
mainly Net result for the year (+€144,319) and Investment in fixed assets (net) (+€128,420)
- Receivables within one year +€15,000
new in 2025: €15,000
- Tangible fixed assets -€14,300
down €14,300 (-3.3%), from €435,249 to €420,949
of which Land and buildings: -€24,374
- Other debts -€178,058
no longer reported in 2025 (was €178,058)
- Reserves +€144,319
up €144,319 (+77.3%), from €186,813 to €331,132
of which Distributable reserves: +€149,205
- Debts after one year -€28,237
down €28,237 (-25.2%), from €111,857 to €83,619
- Gross operating margin +€73,529
up €73,529 (+70.6%), from €104,217 to €177,746
- Taxes -€17,556
no longer reported in 2025 (was €17,556)
- Financial charges -€4,228
down €4,228 (-53.4%), from €7,918 to €3,690
- Other operating charges -€1,908
down €1,908 (-24.7%), from €7,711 to €5,803
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 | €652,840 | €578,885 | -€73,955 | -11.3% |
| Fixed assets | 21/28 | €575,466 | €420,949 | -€154,517 | -26.9% |
| Tangible fixed assets | 22/27 | €435,249 | €420,949 | -€14,300 | -3.3% |
| Land and buildings | 22 | €435,249 | €410,875 | -€24,374 | -5.6% |
| Plant, machinery and equipment | 23 | - | €10,019 | +€10,019 | |
| Furniture and vehicles | 24 | - | €55 | +€55 | |
| Financial fixed assets | 28 | €140,217 | - | -€140,217 | |
| Current assets | 29/58 | €77,374 | €157,936 | +€80,562 | +104% |
| Amounts receivable within one year | 40/41 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €77,374 | €142,936 | +€65,562 | +84.7% |
| Total equity and liabilities | 10/49 | €652,840 | €578,885 | -€73,955 | -11.3% |
| Equity | 10/15 | €314,813 | €459,132 | +€144,319 | +45.8% |
| Contributions | 10/11 | €128,000 | €128,000 | = | 0.0% |
| Capital | 10 | €128,000 | €128,000 | = | 0.0% |
| Issued capital | 100 | €128,000 | €128,000 | = | 0.0% |
| Reserves | 13 | €186,813 | €331,132 | +€144,319 | +77.3% |
| Non-distributable reserves | 130/1 | €12,800 | €12,800 | = | 0.0% |
| Legal reserve | 130 | €12,800 | €12,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,578 | €9,691 | -€4,887 | -33.5% |
| Distributable reserves | 133 | €159,436 | €308,641 | +€149,205 | +93.6% |
| Provisions and deferred taxes | 16 | €10,058 | €7,896 | -€2,162 | -21.5% |
| Deferred taxes | 168 | €10,058 | €7,896 | -€2,162 | -21.5% |
| Amounts payable | 17/49 | €327,969 | €111,857 | -€216,112 | -65.9% |
| Amounts payable after more than one year | 17 | €111,857 | €83,619 | -€28,237 | -25.2% |
| Financial debts | 170/4 | €111,857 | €83,619 | -€28,237 | -25.2% |
| Amounts payable within one year | 42/48 | €212,754 | €28,237 | -€184,517 | -86.7% |
| Current portion of amounts payable after more than one year | 42 | €31,563 | €28,237 | -€3,326 | -10.5% |
| Taxes, remuneration and social security | 45 | €3,133 | - | -€3,133 | |
| Taxes | 450/3 | €3,133 | - | -€3,133 | |
| Other amounts payable | 47/48 | €178,058 | - | -€178,058 | |
| Accrued charges and deferred income | 492/3 | €3,358 | - | -€3,358 | |
| Non-recurring operating income | 76A | €78,304 | €165,633 | +€87,329 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,426 | €26,098 | +€672 | +2.6% |
| Other operating charges | 640/8 | €7,711 | €5,803 | -€1,908 | -24.7% |
| Gross operating margin | 9900 | €104,217 | €177,746 | +€73,529 | +70.6% |
| Operating profit (loss) | 9901 | €71,081 | €145,846 | +€74,766 | +105% |
| Financial charges | 65/66B | €7,918 | €3,690 | -€4,228 | -53.4% |
| Recurring financial charges | 65 | €7,918 | €3,690 | -€4,228 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €63,163 | €142,156 | +€78,994 | +125% |
| Transfer from deferred taxes | 780 | €2,162 | €2,162 | = | 0.0% |
| Income taxes | 67/77 | €17,556 | - | -€17,556 | |
| Profit (loss) for the period | 9904 | €47,769 | €144,319 | +€96,549 | +202% |
| Transfer from tax-exempt reserves | 789 | €4,887 | €4,887 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,656 | €149,205 | +€96,549 | +183% |
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 18 October 2026 via checked.be.