B.H.T.: 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.T.
Largest movements
- Receivables within one year -€6,259
down €6,259 (-52.1%), from €12,003 to €5,745
of which Other amounts receivable: -€5,259
- Tangible fixed assets -€3,250
down €3,250 (-35.0%), from €9,296 to €6,046
- Cash +€2,650
up €2,650 (+21.6%), from €12,258 to €14,908
mainly Net result for the year (+€7,707) and Receivables within one year (+€6,259)
- Profit (loss) carried forward -€7,707
down €7,707 (-56.7%), from €13,594 to €5,887
- Trade debts +€1,042
up €1,042 (+191%), from €545 to €1,586
- Accrued charges and deferred income -€959
no longer reported in 2025 (was €959)
- Tax, wage and social debts +€766
up €766 (+188%), from €408 to €1,174
- Gross operating margin +€4,452
up €4,452 (+70.7%), from €6,293 to €10,745
- Taxes -€2,165
down €2,165, from €1,715 to -€450
- Other operating charges -€603
down €603 (-60.1%), from €1,003 to €400
- Financial charges -€335
down €335, from €174 to -€161
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 | €34,105 | €27,247 | -€6,858 | -20.1% |
| Fixed assets | 21/28 | €9,416 | €6,166 | -€3,250 | -34.5% |
| Tangible fixed assets | 22/27 | €9,296 | €6,046 | -€3,250 | -35.0% |
| Furniture and vehicles | 24 | €9,296 | €6,046 | -€3,250 | -35.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €24,689 | €21,081 | -€3,608 | -14.6% |
| Amounts receivable within one year | 40/41 | €12,003 | €5,745 | -€6,259 | -52.1% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €11,003 | €5,745 | -€5,259 | -47.8% |
| Cash at bank and in hand | 54/58 | €12,258 | €14,908 | +€2,650 | +21.6% |
| Deferred charges and accrued income | 490/1 | €428 | €428 | = | 0.0% |
| Total equity and liabilities | 10/49 | €34,105 | €27,247 | -€6,858 | -20.1% |
| Equity | 10/15 | €32,194 | €24,487 | -€7,707 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,594 | €5,887 | -€7,707 | -56.7% |
| Amounts payable | 17/49 | €1,912 | €2,760 | +€849 | +44.4% |
| Amounts payable within one year | 42/48 | €952 | €2,760 | +€1,808 | +190% |
| Trade debts | 44 | €545 | €1,586 | +€1,042 | +191% |
| Suppliers | 440/4 | €545 | €1,586 | +€1,042 | +191% |
| Taxes, remuneration and social security | 45 | €408 | €1,174 | +€766 | +188% |
| Taxes | 450/3 | €408 | €1,174 | +€766 | +188% |
| Accrued charges and deferred income | 492/3 | €959 | - | -€959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,250 | €3,250 | = | 0.0% |
| Other operating charges | 640/8 | €1,003 | €400 | -€603 | -60.1% |
| Gross operating margin | 9900 | €6,293 | €10,745 | +€4,452 | +70.7% |
| Operating profit (loss) | 9901 | €2,041 | €7,096 | +€5,055 | +248% |
| Financial charges | 65/66B | €174 | -€161 | -€335 | |
| Recurring financial charges | 65 | €174 | -€161 | -€335 | |
| Profit (loss) for the period before taxes | 9903 | €1,867 | €7,257 | +€5,390 | +289% |
| Income taxes | 67/77 | €1,715 | -€450 | -€2,165 | |
| Profit (loss) for the period | 9904 | €152 | €7,707 | +€7,555 | +4,985% |
| Profit (loss) for the period to be appropriated | 9905 | €152 | €7,707 | +€7,555 | +4,985% |
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 28 October 2026 via checked.be.