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
- Cash +€1.0m
up €1.0m (+73.3%), from €1.4m to €2.4m
mainly Net result for the year (+€1.3m) and Trade debts (+€26,659)
- Receivables within one year +€129,758
up €129,758 (+138.7%), from €93,531 to €223,288
of which Trade receivables: +€108,449
- Profit (loss) carried forward +€1.2m
new in 2025: €1.2m
- Tax, wage and social debts -€142,178
down €142,178 (-80.7%), from €176,145 to €33,967
of which Taxes: -€142,193
- Financial income +€95,443
up €95,443 (+12.3%), from €773,590 to €869,033
- Taxes -€43,095
down €43,095 (-23.3%), from €184,649 to €141,554
- Gross operating margin -€11,402
down €11,402 (-2.1%), from €547,795 to €536,393
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 | €1,618,542 | €2,764,086 | +€1.1m | +70.8% |
| Fixed assets | 21/28 | €35,783 | €35,026 | -€757 | -2.1% |
| Tangible fixed assets | 22/27 | €4,972 | €4,215 | -€757 | -15.2% |
| Land and buildings | 22 | €1,188 | €1,188 | = | 0.0% |
| Furniture and vehicles | 24 | €3,784 | €3,027 | -€757 | -20.0% |
| Financial fixed assets | 28 | €30,811 | €30,811 | = | 0.0% |
| Current assets | 29/58 | €1,582,759 | €2,729,060 | +€1.1m | +72.4% |
| Amounts receivable after more than one year | 29 | €93,563 | €97,306 | +€3,743 | +4.0% |
| Trade receivables | 290 | €93,563 | €97,306 | +€3,743 | +4.0% |
| Amounts receivable within one year | 40/41 | €93,531 | €223,288 | +€129,758 | +138.7% |
| Trade receivables | 40 | €59,247 | €167,696 | +€108,449 | +183.0% |
| Other amounts receivable | 41 | €34,283 | €55,592 | +€21,309 | +62.2% |
| Cash at bank and in hand | 54/58 | €1,387,689 | €2,404,403 | +€1.0m | +73.3% |
| Deferred charges and accrued income | 490/1 | €7,977 | €4,064 | -€3,913 | -49.1% |
| Total equity and liabilities | 10/49 | €1,618,542 | €2,764,086 | +€1.1m | +70.8% |
| Equity | 10/15 | €1,394,470 | €2,653,611 | +€1.3m | +90.3% |
| Contributions | 10/11 | €74,200 | €74,200 | = | 0.0% |
| Capital | 10 | €74,200 | €74,200 | = | 0.0% |
| Issued capital | 100 | €74,200 | €74,200 | = | 0.0% |
| Reserves | 13 | €1,320,270 | €1,339,411 | +€19,141 | +1.4% |
| Non-distributable reserves | 130/1 | €7,420 | €7,420 | = | 0.0% |
| Legal reserve | 130 | €7,420 | €7,420 | = | 0.0% |
| Distributable reserves | 133 | €1,312,850 | €1,331,991 | +€19,141 | +1.5% |
| Profit (loss) carried forward | 14 | - | €1,240,000 | +€1.2m | |
| Amounts payable | 17/49 | €224,072 | €110,476 | -€113,596 | -50.7% |
| Amounts payable within one year | 42/48 | €221,572 | €107,976 | -€113,596 | -51.3% |
| Trade debts | 44 | €8,397 | €35,057 | +€26,659 | +317.5% |
| Suppliers | 440/4 | €8,397 | €35,057 | +€26,659 | +317.5% |
| Taxes, remuneration and social security | 45 | €176,145 | €33,967 | -€142,178 | -80.7% |
| Taxes | 450/3 | €173,544 | €31,351 | -€142,193 | -81.9% |
| Remuneration and social security | 454/9 | €2,601 | €2,617 | +€16 | +0.6% |
| Other amounts payable | 47/48 | €37,030 | €38,952 | +€1,922 | +5.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €757 | +€757 | |
| Other operating charges | 640/8 | €3,434 | €1,655 | -€1,779 | -51.8% |
| Gross operating margin | 9900 | €547,795 | €536,393 | -€11,402 | -2.1% |
| Operating profit (loss) | 9901 | €544,362 | €533,982 | -€10,380 | -1.9% |
| Financial income | 75/76B | €773,590 | €869,033 | +€95,443 | +12.3% |
| Recurring financial income | 75 | €773,590 | €869,033 | +€95,443 | +12.3% |
| Financial charges | 65/66B | €1,101 | €2,320 | +€1,219 | +110.7% |
| Recurring financial charges | 65 | €1,101 | €2,320 | +€1,219 | +110.7% |
| Profit (loss) for the period before taxes | 9903 | €1,316,851 | €1,400,695 | +€83,844 | +6.4% |
| Income taxes | 67/77 | €184,649 | €141,554 | -€43,095 | -23.3% |
| Profit (loss) for the period | 9904 | €1,132,202 | €1,259,141 | +€126,939 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,132,202 | €1,259,141 | +€126,939 | +11.2% |
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 11 October 2026 via checked.be.