B.H.W.Consult: 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.W.Consult
Largest movements
- Tangible fixed assets -€23,794
down €23,794 (-72.0%), from €33,046 to €9,252
of which Furniture and vehicles: -€22,824
- Receivables within one year +€7,513
up €7,513 (+4.3%), from €173,409 to €180,923
- Intangible fixed assets -€2,280
down €2,280 (-88.3%), from €2,583 to €303
- Cash -€2,173
down €2,173 (-70.3%), from €3,092 to €919
mainly Net result for the year (-€18,358) and Other debts (-€10,228)
- Short-term financial debts +€21,484
up €21,484 (+44.3%), from €48,485 to €69,969
- Profit (loss) carried forward -€18,358
down €18,358 (-36.3%), from €50,507 to €32,149
- Other debts -€10,228
down €10,228 (-98.7%), from €10,359 to €131
- Debts after one year -€7,079
down €7,079 (-68.9%), from €10,280 to €3,201
- Current portion of long-term debt -€4,911
down €4,911 (-20.0%), from €24,565 to €19,654
- Gross operating margin -€27,309
down €27,309 (-14.0%), from €195,213 to €167,904
- Turnover -€14,946
down €14,946 (-3.8%), from €388,574 to €373,628
- Purchases and services +€12,363
up €12,363 (+6.4%), from €193,361 to €205,724
- Taxes -€4,691
down €4,691 (-66.9%), from €7,011 to €2,320
- Staff costs +€3,893
up €3,893 (+2.8%), from €139,635 to €143,528
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 | €212,353 | €191,619 | -€20,734 | -9.8% |
| Fixed assets | 21/28 | €35,852 | €9,778 | -€26,074 | -72.7% |
| Intangible fixed assets | 21 | €2,583 | €303 | -€2,280 | -88.3% |
| Tangible fixed assets | 22/27 | €33,046 | €9,252 | -€23,794 | -72.0% |
| Plant, machinery and equipment | 23 | €594 | €19 | -€575 | -96.8% |
| Furniture and vehicles | 24 | €31,617 | €8,792 | -€22,824 | -72.2% |
| Other tangible fixed assets | 26 | €836 | €441 | -€395 | -47.3% |
| Financial fixed assets | 28 | €222 | €222 | = | 0.0% |
| Current assets | 29/58 | €176,501 | €181,841 | +€5,340 | +3.0% |
| Amounts receivable within one year | 40/41 | €173,409 | €180,923 | +€7,513 | +4.3% |
| Trade receivables | 40 | €173,409 | €180,923 | +€7,513 | +4.3% |
| Cash at bank and in hand | 54/58 | €3,092 | €919 | -€2,173 | -70.3% |
| Total equity and liabilities | 10/49 | €212,353 | €191,619 | -€20,734 | -9.8% |
| Equity | 10/15 | €94,507 | €76,149 | -€18,358 | -19.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,507 | €32,149 | -€18,358 | -36.3% |
| Amounts payable | 17/49 | €117,847 | €115,470 | -€2,377 | -2.0% |
| Amounts payable after more than one year | 17 | €10,280 | €3,201 | -€7,079 | -68.9% |
| Financial debts | 170/4 | €10,280 | €3,201 | -€7,079 | -68.9% |
| Amounts payable within one year | 42/48 | €107,567 | €112,269 | +€4,702 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €24,565 | €19,654 | -€4,911 | -20.0% |
| Financial debts | 43 | €48,485 | €69,969 | +€21,484 | +44.3% |
| Credit institutions | 430/8 | €48,485 | €69,969 | +€21,484 | +44.3% |
| Trade debts | 44 | €7,143 | €7,457 | +€314 | +4.4% |
| Suppliers | 440/4 | €7,143 | €7,457 | +€314 | +4.4% |
| Taxes, remuneration and social security | 45 | €17,014 | €15,057 | -€1,957 | -11.5% |
| Taxes | 450/3 | €17,014 | €15,057 | -€1,957 | -11.5% |
| Other amounts payable | 47/48 | €10,359 | €131 | -€10,228 | -98.7% |
| Turnover | 70 | €388,574 | €373,628 | -€14,946 | -3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €193,361 | €205,724 | +€12,363 | +6.4% |
| Remuneration, social security and pensions | 62 | €139,635 | €143,528 | +€3,893 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,209 | €28,121 | -€3,088 | -9.9% |
| Other operating charges | 640/8 | €4,499 | €4,682 | +€183 | +4.1% |
| Non-recurring operating charges | 66A | - | €105 | +€105 | |
| Gross operating margin | 9900 | €195,213 | €167,904 | -€27,309 | -14.0% |
| Operating profit (loss) | 9901 | €19,870 | -€8,532 | -€28,402 | |
| Financial income | 75/76B | €1 | €13 | +€12 | +2,205% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +2,205% |
| Financial charges | 65/66B | €7,865 | €7,518 | -€347 | -4.4% |
| Recurring financial charges | 65 | €7,791 | €7,518 | -€274 | -3.5% |
| Non-recurring financial charges | 66B | €73 | - | -€73 | |
| Profit (loss) for the period before taxes | 9903 | €12,006 | -€16,037 | -€28,043 | |
| Income taxes | 67/77 | €7,011 | €2,320 | -€4,691 | -66.9% |
| Profit (loss) for the period | 9904 | €4,995 | -€18,358 | -€23,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,995 | -€18,358 | -€23,352 |
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 14 October 2026 via checked.be.