B.H.D.: 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.D.
Largest movements
- Tangible fixed assets -€8,949
down €8,949 (-80.4%), from €11,125 to €2,176
- Cash -€2,001
down €2,001 (-24.1%), from €8,301 to €6,300
mainly Debts after one year (-€5,286) and Net result for the year (-€4,547)
- Deferred charges and accrued income -€877
down €877 (-87.8%), from €999 to €122
- Debts after one year -€5,286
down €5,286 (-79.5%), from €6,645 to €1,359
- Profit (loss) carried forward -€4,548
down €4,548 (-26.8%), from €16,971 to €12,423
- Trade debts -€1,901
down €1,901 (-27.0%), from €7,042 to €5,141
- Tax, wage and social debts -€1,135
down €1,135 (-49.7%), from €2,285 to €1,150
- Other debts +€1,086
up €1,086 (+130.5%), from €832 to €1,918
- Gross operating margin -€3,195
down €3,195 (-50.4%), from €6,341 to €3,146
- Financial income +€782
up €782 (+41.5%), from €1,883 to €2,665
of which Financial income: +€782
- Financial charges -€378
down €378 (-37.1%), from €1,018 to €640
- Other operating charges -€122
down €122 (-18.7%), from €651 to €529
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,120 | €41,821 | -€11,299 | -21.3% |
| Fixed assets | 21/28 | €11,341 | €2,392 | -€8,949 | -78.9% |
| Tangible fixed assets | 22/27 | €11,125 | €2,176 | -€8,949 | -80.4% |
| Furniture and vehicles | 24 | €11,125 | €2,176 | -€8,949 | -80.4% |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €41,779 | €39,429 | -€2,350 | -5.6% |
| Stocks and contracts in progress | 3 | €6,831 | €6,831 | = | 0.0% |
| Stocks | 30/36 | €6,831 | €6,831 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,648 | €26,176 | +€528 | +2.1% |
| Trade receivables | 40 | €24,229 | €25,464 | +€1,235 | +5.1% |
| Other amounts receivable | 41 | €1,419 | €712 | -€707 | -49.8% |
| Cash at bank and in hand | 54/58 | €8,301 | €6,300 | -€2,001 | -24.1% |
| Deferred charges and accrued income | 490/1 | €999 | €122 | -€877 | -87.8% |
| Total equity and liabilities | 10/49 | €53,120 | €41,821 | -€11,299 | -21.3% |
| Equity | 10/15 | €31,265 | €26,717 | -€4,548 | -14.5% |
| Contributions | 10/11 | €12,394 | €12,394 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,971 | €12,423 | -€4,548 | -26.8% |
| Amounts payable | 17/49 | €21,855 | €15,104 | -€6,751 | -30.9% |
| Amounts payable after more than one year | 17 | €6,645 | €1,359 | -€5,286 | -79.5% |
| Financial debts | 170/4 | €6,645 | €1,359 | -€5,286 | -79.5% |
| Amounts payable within one year | 42/48 | €15,210 | €13,495 | -€1,715 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €5,051 | €5,286 | +€235 | +4.7% |
| Trade debts | 44 | €7,042 | €5,141 | -€1,901 | -27.0% |
| Suppliers | 440/4 | €7,042 | €5,141 | -€1,901 | -27.0% |
| Taxes, remuneration and social security | 45 | €2,285 | €1,150 | -€1,135 | -49.7% |
| Taxes | 450/3 | €2,285 | €1,150 | -€1,135 | -49.7% |
| Other amounts payable | 47/48 | €832 | €1,918 | +€1,086 | +130.5% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,949 | €8,949 | = | 0.0% |
| Other operating charges | 640/8 | €651 | €529 | -€122 | -18.7% |
| Non-recurring operating charges | 66A | €46 | €240 | +€194 | +421.7% |
| Gross operating margin | 9900 | €6,341 | €3,146 | -€3,195 | -50.4% |
| Operating profit (loss) | 9901 | -€3,305 | -€6,572 | -€3,267 | -98.9% |
| Financial income | 75/76B | €1,883 | €2,665 | +€782 | +41.5% |
| Recurring financial income | 75 | €1,883 | €2,665 | +€782 | +41.5% |
| Non-recurring financial income | 76B | €1,883 | €2,665 | +€782 | +41.5% |
| Financial charges | 65/66B | €1,018 | €640 | -€378 | -37.1% |
| Recurring financial charges | 65 | €1,018 | €640 | -€378 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,440 | -€4,547 | -€2,107 | -86.4% |
| Profit (loss) for the period | 9904 | -€2,440 | -€4,547 | -€2,107 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,440 | -€4,547 | -€2,107 | -86.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.