B&H Accounts: what changed
B&H Accounts
Largest movements
- Cash +€54,479
up €54,479 (+141%), from €38,568 to €93,047
mainly Net result for the year (+€45,618) and Receivables within one year (+€23,673)
- Receivables within one year -€23,673
down €23,673 (-9.9%), from €240,249 to €216,575
of which Trade receivables: -€22,673
- Tangible fixed assets -€12,216
down €12,216 (-38.1%), from €32,057 to €19,841
- Deferred charges and accrued income +€3,576
up €3,576 (+25.0%), from €14,324 to €17,900
- Profit (loss) carried forward +€45,618
up €45,618 (+24.2%), from €188,476 to €234,094
- Tax, wage and social debts -€21,983
down €21,983 (-37.8%), from €58,093 to €36,110
of which Taxes: -€20,806
- Current portion of long-term debt +€17,607
up €17,607 (+78.0%), from €22,574 to €40,181
- Trade debts -€10,047
down €10,047 (-41.2%), from €24,372 to €14,325
- Other debts -€4,555
down €4,555 (-65.1%), from €6,998 to €2,443
- Gross operating margin -€47,060
down €47,060 (-15.2%), from €308,811 to €261,751
- Staff costs +€19,088
up €19,088 (+13.8%), from €138,785 to €157,874
- Taxes -€11,917
down €11,917 (-39.9%), from €29,892 to €17,976
- Other operating charges -€7,498
down €7,498 (-39.8%), from €18,821 to €11,322
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,447 | €347,613 | +€22,166 | +6.8% |
| Fixed assets | 21/28 | €32,307 | €20,091 | -€12,216 | -37.8% |
| Tangible fixed assets | 22/27 | €32,057 | €19,841 | -€12,216 | -38.1% |
| Furniture and vehicles | 24 | €9,464 | €3,518 | -€5,945 | -62.8% |
| Leasing and similar rights | 25 | €5,647 | €3,994 | -€1,653 | -29.3% |
| Other tangible fixed assets | 26 | €10,616 | €5,998 | -€4,618 | -43.5% |
| Assets under construction and advance payments | 27 | €6,330 | €6,330 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €293,140 | €327,522 | +€34,382 | +11.7% |
| Amounts receivable within one year | 40/41 | €240,249 | €216,575 | -€23,673 | -9.9% |
| Trade receivables | 40 | €232,633 | €209,960 | -€22,673 | -9.7% |
| Other amounts receivable | 41 | €7,616 | €6,616 | -€1,000 | -13.1% |
| Cash at bank and in hand | 54/58 | €38,568 | €93,047 | +€54,479 | +141% |
| Deferred charges and accrued income | 490/1 | €14,324 | €17,900 | +€3,576 | +25.0% |
| Total equity and liabilities | 10/49 | €325,447 | €347,613 | +€22,166 | +6.8% |
| Equity | 10/15 | €208,936 | €254,554 | +€45,618 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,476 | €234,094 | +€45,618 | +24.2% |
| Amounts payable | 17/49 | €116,511 | €93,059 | -€23,452 | -20.1% |
| Amounts payable after more than one year | 17 | €4,475 | - | -€4,475 | |
| Financial debts | 170/4 | €4,475 | - | -€4,475 | |
| Amounts payable within one year | 42/48 | €112,036 | €93,059 | -€18,977 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €22,574 | €40,181 | +€17,607 | +78.0% |
| Trade debts | 44 | €24,372 | €14,325 | -€10,047 | -41.2% |
| Suppliers | 440/4 | €24,372 | €14,325 | -€10,047 | -41.2% |
| Taxes, remuneration and social security | 45 | €58,093 | €36,110 | -€21,983 | -37.8% |
| Taxes | 450/3 | €56,916 | €36,110 | -€20,806 | -36.6% |
| Remuneration and social security | 454/9 | €1,177 | - | -€1,177 | |
| Other amounts payable | 47/48 | €6,998 | €2,443 | -€4,555 | -65.1% |
| Remuneration, social security and pensions | 62 | €138,785 | €157,874 | +€19,088 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,314 | €12,848 | -€1,466 | -10.2% |
| Other operating charges | 640/8 | €18,821 | €11,322 | -€7,498 | -39.8% |
| Non-recurring operating charges | 66A | €1,626 | €3,585 | +€1,958 | +120% |
| Gross operating margin | 9900 | €308,811 | €261,751 | -€47,060 | -15.2% |
| Operating profit (loss) | 9901 | €135,265 | €76,123 | -€59,142 | -43.7% |
| Financial income | 75/76B | €26 | €13 | -€12 | -48.1% |
| Recurring financial income | 75 | €26 | €13 | -€12 | -48.1% |
| Financial charges | 65/66B | €14,015 | €12,543 | -€1,472 | -10.5% |
| Recurring financial charges | 65 | €14,015 | €12,543 | -€1,472 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €121,275 | €63,593 | -€57,682 | -47.6% |
| Income taxes | 67/77 | €29,892 | €17,976 | -€11,917 | -39.9% |
| Profit (loss) for the period | 9904 | €91,383 | €45,618 | -€45,765 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,383 | €45,618 | -€45,765 | -50.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.