B.H.B.: what changed
Two fiscal 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.H.B.
Largest movements
- Receivables within one year -€151,778
down €151,778 (-11.0%), from €1.4m to €1.2m
of which Trade receivables: -€149,025
- Cash -€44,948
down €44,948 (-99.9%), from €45,009 to €61
mainly Trade debts (-€298,495) and Other debts (-€78,095)
- Tangible fixed assets -€40,623
down €40,623 (-41.5%), from €97,898 to €57,275
of which Furniture and vehicles: -€34,937
- Financial fixed assets -€37,461
down €37,461 (-50.3%), from €74,450 to €36,989
- Trade debts -€298,495
down €298,495 (-25.4%), from €1.2m to €877,764
- Tax, wage and social debts +€187,131
up €187,131 (+441.7%), from €42,363 to €229,494
of which Taxes: +€184,715
- Other debts -€78,095
no longer reported in 2025 (was €78,095)
- Profit (loss) carried forward -€74,813
down €74,813 (-64.6%), from €115,883 to €41,070
- Staff costs +€93,944
up €93,944 (+54.2%), from €173,422 to €267,366
- Financial charges +€64,088
up €64,088 (+384.3%), from €16,678 to €80,766
- Gross operating margin +€44,417
up €44,417 (+13.0%), from €340,399 to €384,816
- Taxes -€26,505
no longer reported in 2025 (was €26,505)
- Other operating charges +€15,281
up €15,281 (+361.3%), from €4,229 to €19,510
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.
Cash bridge derived
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 | €1,601,987 | €1,327,177 | -€274,810 | -17.2% |
| Fixed assets | 21/28 | €172,348 | €94,264 | -€78,084 | -45.3% |
| Tangible fixed assets | 22/27 | €97,898 | €57,275 | -€40,623 | -41.5% |
| Furniture and vehicles | 24 | €52,132 | €17,195 | -€34,937 | -67.0% |
| Other tangible fixed assets | 26 | €45,766 | €40,080 | -€5,686 | -12.4% |
| Financial fixed assets | 28 | €74,450 | €36,989 | -€37,461 | -50.3% |
| Current assets | 29/58 | €1,429,639 | €1,232,913 | -€196,726 | -13.8% |
| Amounts receivable within one year | 40/41 | €1,384,630 | €1,232,852 | -€151,778 | -11.0% |
| Trade receivables | 40 | €1,381,877 | €1,232,852 | -€149,025 | -10.8% |
| Other amounts receivable | 41 | €2,753 | - | -€2,753 | |
| Cash at bank and in hand | 54/58 | €45,009 | €61 | -€44,948 | -99.9% |
| Total equity and liabilities | 10/49 | €1,601,987 | €1,327,177 | -€274,810 | -17.2% |
| Equity | 10/15 | €248,934 | €174,121 | -€74,813 | -30.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €114,301 | €114,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €112,426 | €112,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,883 | €41,070 | -€74,813 | -64.6% |
| Amounts payable | 17/49 | €1,353,053 | €1,153,056 | -€199,997 | -14.8% |
| Amounts payable after more than one year | 17 | €7,500 | - | -€7,500 | |
| Other amounts payable | 178/9 | €7,500 | - | -€7,500 | |
| Amounts payable within one year | 42/48 | €1,345,553 | €1,153,056 | -€192,497 | -14.3% |
| Financial debts | 43 | €48,836 | €45,798 | -€3,038 | -6.2% |
| Credit institutions | 430/8 | €48,836 | €45,798 | -€3,038 | -6.2% |
| Trade debts | 44 | €1,176,259 | €877,764 | -€298,495 | -25.4% |
| Suppliers | 440/4 | €1,176,259 | €877,764 | -€298,495 | -25.4% |
| Taxes, remuneration and social security | 45 | €42,363 | €229,494 | +€187,131 | +441.7% |
| Taxes | 450/3 | €19,023 | €203,738 | +€184,715 | +971.0% |
| Remuneration and social security | 454/9 | €23,340 | €25,756 | +€2,416 | +10.4% |
| Other amounts payable | 47/48 | €78,095 | - | -€78,095 | |
| Remuneration, social security and pensions | 62 | €173,422 | €267,366 | +€93,944 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,510 | €38,321 | -€4,189 | -9.9% |
| Other operating charges | 640/8 | €4,229 | €19,510 | +€15,281 | +361.3% |
| Non-recurring operating charges | 66A | €88,892 | €54,478 | -€34,414 | -38.7% |
| Gross operating margin | 9900 | €340,399 | €384,816 | +€44,417 | +13.0% |
| Operating profit (loss) | 9901 | €31,346 | €5,141 | -€26,205 | -83.6% |
| Financial income | 75/76B | €485 | €812 | +€327 | +67.4% |
| Recurring financial income | 75 | €485 | €812 | +€327 | +67.4% |
| Financial charges | 65/66B | €16,678 | €80,766 | +€64,088 | +384.3% |
| Recurring financial charges | 65 | €16,678 | €80,766 | +€64,088 | +384.3% |
| Profit (loss) for the period before taxes | 9903 | €15,153 | -€74,813 | -€89,966 | |
| Income taxes | 67/77 | €26,505 | - | -€26,505 | |
| Profit (loss) for the period | 9904 | -€11,352 | -€74,813 | -€63,461 | -559.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,352 | -€74,813 | -€63,461 | -559.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.