B&H Group: 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 Group
Largest movements
- Tangible fixed assets +€848,271
up €848,271 (+64.6%), from €1.3m to €2.2m
of which Land and buildings: +€852,407
- Cash +€99,114
up €99,114 (+137%), from €72,523 to €171,637
mainly Trade debts (+€839,901) and Other debts (+€761,483)
- Trade debts +€839,901
up €839,901 (+1,351%), from €62,150 to €902,051
- Reserves -€827,796
down €827,796 (-100%), from €827,796 to €0
- Other debts +€761,483
up €761,483 (+1,426%), from €53,389 to €814,873
- Debts after one year +€494,134
up €494,134 (+82.3%), from €600,216 to €1.1m
of which Financial debts: +€494,134
- Profit (loss) carried forward -€371,056
down €371,056, from €0 to -€371,056
- Write-downs -€142,663
down €142,663, from €136,950 to -€5,713
- Staff costs +€122,395
up €122,395 (+29.0%), from €421,695 to €544,090
- Gross operating margin +€87,598
up €87,598 (+11.8%), from €745,319 to €832,917
- Taxes -€33,555
down €33,555, from €33,371 to -€185
- Depreciation +€21,626
up €21,626 (+42.6%), from €50,780 to €72,406
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 | €1,752,363 | €2,684,887 | +€932,524 | +53.2% |
| Fixed assets | 21/28 | €1,315,767 | €2,164,113 | +€848,346 | +64.5% |
| Tangible fixed assets | 22/27 | €1,312,517 | €2,160,788 | +€848,271 | +64.6% |
| Land and buildings | 22 | €1,294,562 | €2,146,969 | +€852,407 | +65.8% |
| Plant, machinery and equipment | 23 | €7,443 | €1,536 | -€5,907 | -79.4% |
| Furniture and vehicles | 24 | €10,512 | €12,283 | +€1,771 | +16.8% |
| Financial fixed assets | 28 | €3,250 | €3,325 | +€75 | +2.3% |
| Current assets | 29/58 | €436,596 | €520,775 | +€84,179 | +19.3% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €283,292 | €263,780 | -€19,513 | -6.9% |
| Trade receivables | 40 | €135,188 | €119,261 | -€15,927 | -11.8% |
| Other amounts receivable | 41 | €148,104 | €144,519 | -€3,586 | -2.4% |
| Cash at bank and in hand | 54/58 | €72,523 | €171,637 | +€99,114 | +137% |
| Deferred charges and accrued income | 490/1 | €780 | €5,358 | +€4,578 | +587% |
| Total equity and liabilities | 10/49 | €1,752,363 | €2,684,887 | +€932,524 | +53.2% |
| Equity | 10/15 | €846,396 | -€352,456 | -€1.2m | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €827,796 | €0 | -€827,796 | -100% |
| Distributable reserves | 133 | €827,796 | €0 | -€827,796 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€371,056 | -€371,056 | |
| Amounts payable | 17/49 | €905,967 | €3,037,343 | +€2.1m | +235% |
| Amounts payable after more than one year | 17 | €600,216 | €1,094,350 | +€494,134 | +82.3% |
| Financial debts | 170/4 | €598,316 | €1,092,450 | +€494,134 | +82.6% |
| Other amounts payable | 178/9 | €1,900 | €1,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €304,251 | €1,942,993 | +€1.6m | +539% |
| Current portion of amounts payable after more than one year | 42 | €71,367 | €112,046 | +€40,679 | +57.0% |
| Trade debts | 44 | €62,150 | €902,051 | +€839,901 | +1,351% |
| Suppliers | 440/4 | €62,150 | €902,051 | +€839,901 | +1,351% |
| Taxes, remuneration and social security | 45 | €117,345 | €114,024 | -€3,322 | -2.8% |
| Taxes | 450/3 | €67,166 | €50,703 | -€16,463 | -24.5% |
| Remuneration and social security | 454/9 | €50,179 | €63,321 | +€13,142 | +26.2% |
| Other amounts payable | 47/48 | €53,389 | €814,873 | +€761,483 | +1,426% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Remuneration, social security and pensions | 62 | €421,695 | €544,090 | +€122,395 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,780 | €72,406 | +€21,626 | +42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €136,950 | -€5,713 | -€142,663 | |
| Other operating charges | 640/8 | €10,036 | €9,699 | -€337 | -3.4% |
| Non-recurring operating charges | 66A | - | €1,387,774 | +€1.4m | |
| Gross operating margin | 9900 | €745,319 | €832,917 | +€87,598 | +11.8% |
| Operating profit (loss) | 9901 | €125,858 | -€1,175,339 | -€1.3m | |
| Financial income | 75/76B | €2 | €425 | +€423 | +18,310% |
| Recurring financial income | 75 | €2 | €425 | +€423 | +18,310% |
| Financial charges | 65/66B | €16,484 | €24,123 | +€7,639 | +46.3% |
| Recurring financial charges | 65 | €16,484 | €24,123 | +€7,639 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €109,377 | -€1,199,036 | -€1.3m | |
| Income taxes | 67/77 | €33,371 | -€185 | -€33,555 | |
| Profit (loss) for the period | 9904 | €76,006 | -€1,198,851 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €76,006 | -€1,198,851 | -€1.3m |
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 21 October 2026 via checked.be.