B.H.D.M.: 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.H.D.M.
Largest movements
- Tangible fixed assets -€2,468
down €2,468 (-11.0%), from €22,378 to €19,909
of which Other tangible fixed assets: -€1,758
- Cash +€2,041
up €2,041 (+66.1%), from €3,087 to €5,129
mainly Net result for the year (+€17,292) and Depreciation (+€2,468)
- Stocks and contracts -€336
down €336 (-61.0%), from €551 to €215
- Profit (loss) carried forward +€17,292
up €17,292 (+36.6%), from -€47,291 to -€29,999
- Other debts -€9,116
down €9,116 (-80.1%), from €11,375 to €2,258
- Debts after one year -€6,148
down €6,148 (-92.3%), from €6,660 to €512
- Current portion of long-term debt -€3,322
down €3,322 (-35.1%), from €9,470 to €6,148
- Tax, wage and social debts +€431
up €431 (+6.9%), from €6,269 to €6,700
of which Remuneration and social security: +€1,321
- Gross operating margin +€20,933
up €20,933 (+1,119%), from €1,871 to €22,804
- Staff costs +€1,854
new in 2025: €1,854
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 | €26,240 | €25,290 | -€950 | -3.6% |
| Fixed assets | 21/28 | €22,378 | €19,909 | -€2,468 | -11.0% |
| Tangible fixed assets | 22/27 | €22,378 | €19,909 | -€2,468 | -11.0% |
| Plant, machinery and equipment | 23 | €1,694 | €1,084 | -€610 | -36.0% |
| Furniture and vehicles | 24 | €166 | €66 | -€100 | -60.2% |
| Other tangible fixed assets | 26 | €20,518 | €18,759 | -€1,758 | -8.6% |
| Current assets | 29/58 | €3,862 | €5,380 | +€1,518 | +39.3% |
| Stocks and contracts in progress | 3 | €551 | €215 | -€336 | -61.0% |
| Stocks | 30/36 | €551 | €215 | -€336 | -61.0% |
| Cash at bank and in hand | 54/58 | €3,087 | €5,129 | +€2,041 | +66.1% |
| Deferred charges and accrued income | 490/1 | €224 | €37 | -€187 | -83.4% |
| Total equity and liabilities | 10/49 | €26,240 | €25,290 | -€950 | -3.6% |
| Equity | 10/15 | -€14,181 | €3,111 | +€17,292 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,510 | €14,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,650 | €12,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,291 | -€29,999 | +€17,292 | +36.6% |
| Amounts payable | 17/49 | €40,421 | €22,179 | -€18,242 | -45.1% |
| Amounts payable after more than one year | 17 | €6,660 | €512 | -€6,148 | -92.3% |
| Financial debts | 170/4 | €6,660 | €512 | -€6,148 | -92.3% |
| Amounts payable within one year | 42/48 | €33,752 | €21,663 | -€12,089 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €9,470 | €6,148 | -€3,322 | -35.1% |
| Trade debts | 44 | €6,638 | €6,557 | -€81 | -1.2% |
| Suppliers | 440/4 | €6,638 | €6,557 | -€81 | -1.2% |
| Taxes, remuneration and social security | 45 | €6,269 | €6,700 | +€431 | +6.9% |
| Taxes | 450/3 | €3,684 | €2,794 | -€890 | -24.1% |
| Remuneration and social security | 454/9 | €2,585 | €3,906 | +€1,321 | +51.1% |
| Other amounts payable | 47/48 | €11,375 | €2,258 | -€9,116 | -80.1% |
| Accrued charges and deferred income | 492/3 | €9 | €4 | -€6 | -61.0% |
| Remuneration, social security and pensions | 62 | - | €1,854 | +€1,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €2,468 | -€2 | -0.1% |
| Other operating charges | 640/8 | - | €167 | +€167 | |
| Gross operating margin | 9900 | €1,871 | €22,804 | +€20,933 | +1,119% |
| Operating profit (loss) | 9901 | -€599 | €18,314 | +€18,914 | |
| Financial charges | 65/66B | €1,018 | €1,022 | +€4 | +0.4% |
| Recurring financial charges | 65 | €1,018 | €1,022 | +€4 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,617 | €17,292 | +€18,910 | |
| Profit (loss) for the period | 9904 | -€1,617 | €17,292 | +€18,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,617 | €17,292 | +€18,910 |
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 30 October 2026 via checked.be.