B.D.H.: 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.D.H.
Largest movements
- Tangible fixed assets -€78,955
down €78,955 (-97.3%), from €81,152 to €2,198
of which Land and buildings: -€79,822
- Cash -€22,853
down €22,853 (-54.1%), from €42,215 to €19,362
mainly Other debts (-€151,928) and Trade debts (-€3,041)
- Receivables within one year -€1,633
no longer reported in 2025 (was €1,633)
of which Trade receivables: -€1,628
- Other debts -€151,928
down €151,928 (-91.7%), from €165,740 to €13,812
- Profit (loss) carried forward +€51,550
up €51,550 (+69.2%), from -€74,542 to -€22,992
- Trade debts -€3,041
no longer reported in 2025 (was €3,041)
- Gross operating margin -€137,780
down €137,780 (-98.4%), from €140,091 to €2,311
- Financial income +€50,178
new in 2025: €50,178
of which Financial income: +€50,178
- Financial charges -€9,998
down €9,998 (-97.4%), from €10,267 to €270
- Other operating charges -€2,568
down €2,568 (-91.7%), from €2,800 to €232
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 | €125,226 | €21,807 | -€103,419 | -82.6% |
| Fixed assets | 21/28 | €81,152 | €2,198 | -€78,955 | -97.3% |
| Tangible fixed assets | 22/27 | €81,152 | €2,198 | -€78,955 | -97.3% |
| Land and buildings | 22 | €79,822 | - | -€79,822 | |
| Furniture and vehicles | 24 | €1,330 | €2,198 | +€867 | +65.2% |
| Current assets | 29/58 | €44,074 | €19,610 | -€24,464 | -55.5% |
| Amounts receivable within one year | 40/41 | €1,633 | - | -€1,633 | |
| Trade receivables | 40 | €1,628 | - | -€1,628 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €42,215 | €19,362 | -€22,853 | -54.1% |
| Deferred charges and accrued income | 490/1 | €226 | €248 | +€21 | +9.5% |
| Total equity and liabilities | 10/49 | €125,226 | €21,807 | -€103,419 | -82.6% |
| Equity | 10/15 | -€43,555 | €7,995 | +€51,550 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,542 | -€22,992 | +€51,550 | +69.2% |
| Amounts payable | 17/49 | €168,781 | €13,812 | -€154,968 | -91.8% |
| Amounts payable within one year | 42/48 | €168,781 | €13,812 | -€154,968 | -91.8% |
| Trade debts | 44 | €3,041 | - | -€3,041 | |
| Suppliers | 440/4 | €3,041 | - | -€3,041 | |
| Taxes, remuneration and social security | 45 | - | €1 | +€1 | |
| Taxes | 450/3 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €165,740 | €13,812 | -€151,928 | -91.7% |
| Non-recurring operating income | 76A | €169,416 | - | -€169,416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €438 | +€312 | +248% |
| Other operating charges | 640/8 | €2,800 | €232 | -€2,568 | -91.7% |
| Gross operating margin | 9900 | €140,091 | €2,311 | -€137,780 | -98.4% |
| Operating profit (loss) | 9901 | €137,165 | €1,641 | -€135,524 | -98.8% |
| Financial income | 75/76B | - | €50,178 | +€50,178 | |
| Recurring financial income | 75 | - | €50,178 | +€50,178 | |
| Non-recurring financial income | 76B | - | €50,178 | +€50,178 | |
| Financial charges | 65/66B | €10,267 | €270 | -€9,998 | -97.4% |
| Recurring financial charges | 65 | €10,267 | €270 | -€9,998 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €126,898 | €51,550 | -€75,348 | -59.4% |
| Profit (loss) for the period | 9904 | €126,898 | €51,550 | -€75,348 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,898 | €51,550 | -€75,348 | -59.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.