B-HOLD 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-HOLD GROUP
Largest movements
- Receivables within one year +€639,512
up €639,512 (+136.9%), from €467,020 to €1.1m
- Financial fixed assets +€58,185
up €58,185 (+13.9%), from €419,049 to €477,234
- Cash +€34,316
up €34,316 (+11.3%), from €303,281 to €337,597
mainly Net result for the year (+€735,875) and Depreciation (+€605)
- Reserves +€735,875
up €735,875 (+188.0%), from €391,517 to €1.1m
of which Distributable reserves: +€735,875
- Financial income -€19.7m
down €19.7m (-96.0%), from €20.5m to €818,795
of which Non-recurring financial income: -€19.5m
- Gross operating margin +€174,035
up €174,035 (+72.5%), from -€240,165 to -€66,130
- Other operating charges +€14,078
up €14,078 (+1219.4%), from €1,155 to €15,233
- Financial charges -€8,223
down €8,223 (-89.6%), from €9,176 to €952
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 | €1,203,842 | €1,935,601 | +€731,759 | +60.8% |
| Fixed assets | 21/28 | €422,651 | €480,231 | +€57,580 | +13.6% |
| Intangible fixed assets | 21 | €3,602 | €2,997 | -€605 | -16.8% |
| Financial fixed assets | 28 | €419,049 | €477,234 | +€58,185 | +13.9% |
| Current assets | 29/58 | €781,191 | €1,455,370 | +€674,180 | +86.3% |
| Amounts receivable within one year | 40/41 | €467,020 | €1,106,532 | +€639,512 | +136.9% |
| Other amounts receivable | 41 | €467,020 | €1,106,532 | +€639,512 | +136.9% |
| Cash at bank and in hand | 54/58 | €303,281 | €337,597 | +€34,316 | +11.3% |
| Deferred charges and accrued income | 490/1 | €10,890 | €11,241 | +€351 | +3.2% |
| Total equity and liabilities | 10/49 | €1,203,842 | €1,935,601 | +€731,759 | +60.8% |
| Equity | 10/15 | €1,191,517 | €1,927,392 | +€735,875 | +61.8% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €391,517 | €1,127,392 | +€735,875 | +188.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €311,517 | €1,047,392 | +€735,875 | +236.2% |
| Amounts payable | 17/49 | €12,325 | €8,209 | -€4,115 | -33.4% |
| Amounts payable within one year | 42/48 | €7,364 | €8,209 | +€845 | +11.5% |
| Trade debts | 44 | €7,364 | €8,209 | +€845 | +11.5% |
| Suppliers | 440/4 | €7,364 | €8,209 | +€845 | +11.5% |
| Accrued charges and deferred income | 492/3 | €4,960 | - | -€4,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €605 | = | 0.0% |
| Other operating charges | 640/8 | €1,155 | €15,233 | +€14,078 | +1219.4% |
| Gross operating margin | 9900 | -€240,165 | -€66,130 | +€174,035 | +72.5% |
| Operating profit (loss) | 9901 | -€241,925 | -€81,968 | +€159,957 | +66.1% |
| Financial income | 75/76B | €20,513,673 | €818,795 | -€19.7m | -96.0% |
| Recurring financial income | 75 | €242,858 | €49,375 | -€193,483 | -79.7% |
| Non-recurring financial income | 76B | €20,270,815 | €769,420 | -€19.5m | -96.2% |
| Financial charges | 65/66B | €9,176 | €952 | -€8,223 | -89.6% |
| Recurring financial charges | 65 | €9,176 | €952 | -€8,223 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €20,262,573 | €735,875 | -€19.5m | -96.4% |
| Profit (loss) for the period | 9904 | €20,262,573 | €735,875 | -€19.5m | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,262,573 | €735,875 | -€19.5m | -96.4% |
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.