B.D.H.-(1875): 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.-(1875)
Largest movements
- Receivables within one year +€15,931
up €15,931 (+17.0%), from €93,539 to €109,469
of which Other amounts receivable: +€14,364
- Tangible fixed assets -€4,057
down €4,057 (-37.5%), from €10,822 to €6,766
of which Furniture and vehicles: -€3,457
- Short-term financial debts +€10,560
up €10,560 (+163%), from €6,479 to €17,039
- Reserves +€6,300
up €6,300 (+34.2%), from €18,428 to €24,728
of which Distributable reserves: +€6,300
- Debts after one year -€2,468
down €2,468 (-100%), from €2,468 to €0
- Current portion of long-term debt -€2,326
down €2,326 (-48.5%), from €4,794 to €2,468
- Gross operating margin +€3,627
up €3,627 (+14.8%), from €24,472 to €28,100
- Taxes +€956
up €956 (+36.6%), from €2,615 to €3,570
- Financial charges -€371
down €371 (-12.7%), from €2,928 to €2,557
- Write-downs +€322
up €322 (+3.0%), from €10,572 to €10,894
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 | €110,369 | €122,235 | +€11,866 | +10.8% |
| Fixed assets | 21/28 | €10,822 | €6,766 | -€4,057 | -37.5% |
| Tangible fixed assets | 22/27 | €10,822 | €6,766 | -€4,057 | -37.5% |
| Plant, machinery and equipment | 23 | €4,304 | €3,704 | -€600 | -13.9% |
| Furniture and vehicles | 24 | €6,519 | €3,062 | -€3,457 | -53.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €99,547 | €115,469 | +€15,923 | +16.0% |
| Amounts receivable within one year | 40/41 | €93,539 | €109,469 | +€15,931 | +17.0% |
| Trade receivables | 40 | €42,640 | €44,207 | +€1,567 | +3.7% |
| Other amounts receivable | 41 | €50,898 | €65,262 | +€14,364 | +28.2% |
| Current investments | 50/53 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8 | €0 | -€8 | -100% |
| Total equity and liabilities | 10/49 | €110,369 | €122,235 | +€11,866 | +10.8% |
| Equity | 10/15 | €83,235 | €89,595 | +€6,360 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,428 | €24,728 | +€6,300 | +34.2% |
| Tax-exempt reserves | 132 | €4,728 | €4,728 | = | 0.0% |
| Distributable reserves | 133 | €13,700 | €20,000 | +€6,300 | +46.0% |
| Profit (loss) carried forward | 14 | €46,207 | €46,267 | +€60 | +0.1% |
| Amounts payable | 17/49 | €27,134 | €32,640 | +€5,506 | +20.3% |
| Amounts payable after more than one year | 17 | €2,468 | €0 | -€2,468 | -100% |
| Financial debts | 170/4 | €2,468 | €0 | -€2,468 | -100% |
| Amounts payable within one year | 42/48 | €24,666 | €32,640 | +€7,974 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €4,794 | €2,468 | -€2,326 | -48.5% |
| Financial debts | 43 | €6,479 | €17,039 | +€10,560 | +163% |
| Credit institutions | 430/8 | €6,479 | €17,039 | +€10,560 | +163% |
| Trade debts | 44 | €7,194 | €7,199 | +€5 | +0.1% |
| Suppliers | 440/4 | €7,194 | €7,199 | +€5 | +0.1% |
| Taxes, remuneration and social security | 45 | €6,198 | €5,933 | -€265 | -4.3% |
| Taxes | 450/3 | €6,198 | €5,933 | -€265 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,864 | €4,057 | +€193 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,572 | €10,894 | +€322 | +3.0% |
| Other operating charges | 640/8 | €676 | €661 | -€15 | -2.2% |
| Gross operating margin | 9900 | €24,472 | €28,100 | +€3,627 | +14.8% |
| Operating profit (loss) | 9901 | €9,360 | €12,488 | +€3,128 | +33.4% |
| Financial charges | 65/66B | €2,928 | €2,557 | -€371 | -12.7% |
| Recurring financial charges | 65 | €2,928 | €2,557 | -€371 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €6,432 | €9,931 | +€3,499 | +54.4% |
| Income taxes | 67/77 | €2,615 | €3,570 | +€956 | +36.6% |
| Profit (loss) for the period | 9904 | €3,817 | €6,360 | +€2,543 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,817 | €6,360 | +€2,543 | +66.6% |
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 17 October 2026 via checked.be.