B.M.H.: 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.
What changed
B.M.H.
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€151,583
2025 · €400,580-€552,163
Equity
€53.5m
2025 · €53.7m-€151,583
Cash
€596
2025 · €473+€123
Balance sheet total
€59.7m
2025 · €53.8m+€5.9m
Largest movements
Assets
- Financial fixed assets +€6.0m
up €6.0m (+11.2%), from €53.7m to €59.7m
Equity and liabilities
- Debts after one year +€6.1m
new in 2026: €6.1m
Income statement
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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.
Result 2025
€400,580
Other operating charges
-€31
Other operating items
+€72
Financial income
-€403,394
Financial charges
-€148,810
Result 2026
-€151,583
lowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€148,809
Investment
-€6.0m
Financing
+€6.1m
Cash 2025
€473
From operations (derived)
-€148,809
Net result for the year
-€151,583
Receivables within one year
+€67,768
Other debts
-€65,000
Accrued charges and deferred income
+€6
Investment (derived)
-€6.0m
Investment in fixed assets (net)
-€6.0m
Financing
+€6.1m
Debts after one year
+€6.1m
Cash 2026
€596
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,791,054 | €59,723,408 | +€5.9m | +11.0% |
| Fixed assets | 21/28 | €53,664,776 | €59,664,776 | +€6.0m | +11.2% |
| Financial fixed assets | 28 | €53,664,776 | €59,664,776 | +€6.0m | +11.2% |
| Companies linked by participating interests | 282/3 | €53,664,776 | €59,664,776 | +€6.0m | +11.2% |
| Participating interests | 282 | €53,664,776 | €59,664,776 | +€6.0m | +11.2% |
| Current assets | 29/58 | €126,278 | €58,632 | -€67,645 | -53.6% |
| Amounts receivable within one year | 40/41 | €125,805 | €58,036 | -€67,768 | -53.9% |
| Other amounts receivable | 41 | €125,805 | €58,036 | -€67,768 | -53.9% |
| Cash at bank and in hand | 54/58 | €473 | €596 | +€123 | +26.0% |
| Total equity and liabilities | 10/49 | €53,791,054 | €59,723,408 | +€5.9m | +11.0% |
| Equity | 10/15 | €53,680,519 | €53,528,936 | -€151,583 | -0.3% |
| Contributions | 10/11 | €31,500,000 | €31,500,000 | = | 0.0% |
| Capital | 10 | €31,500,000 | €31,500,000 | = | 0.0% |
| Issued capital | 100 | €31,500,000 | €31,500,000 | = | 0.0% |
| Reserves | 13 | €3,590,017 | €3,590,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,769,976 | €1,769,976 | = | 0.0% |
| Legal reserve | 130 | €1,769,976 | €1,769,976 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,820,041 | €1,820,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,590,502 | €18,438,919 | -€151,583 | -0.8% |
| Amounts payable | 17/49 | €110,535 | €6,194,472 | +€6.1m | +5,504% |
| Amounts payable after more than one year | 17 | - | €6,148,932 | +€6.1m | |
| Financial debts | 170/4 | - | €6,148,932 | +€6.1m | |
| Other loans | 174 | - | €6,148,932 | +€6.1m | |
| Amounts payable within one year | 42/48 | €110,524 | €45,524 | -€65,000 | -58.8% |
| Trade debts | 44 | €2,524 | €2,524 | = | 0.0% |
| Suppliers | 440/4 | €2,524 | €2,524 | = | 0.0% |
| Other amounts payable | 47/48 | €108,000 | €43,000 | -€65,000 | -60.2% |
| Accrued charges and deferred income | 492/3 | €10 | €16 | +€6 | +56.1% |
| Operating income | 70/76A | €385 | €474 | +€89 | +23.1% |
| Other operating income | 74 | €385 | €474 | +€89 | +23.1% |
| Operating charges | 60/66A | €6,716 | €6,764 | +€48 | +0.7% |
| Services and other goods | 61 | €5,749 | €5,766 | +€17 | +0.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€6,331 | -€6,290 | +€41 | +0.7% |
| Financial income | 75/76B | €407,126 | €3,732 | -€403,394 | -99.1% |
| Recurring financial income | 75 | €407,126 | €3,732 | -€403,394 | -99.1% |
| Income from financial fixed assets | 750 | €400,000 | - | -€400,000 | |
| Income from current assets | 751 | €7,126 | €3,732 | -€3,394 | -47.6% |
| Financial charges | 65/66B | €214 | €149,024 | +€148,810 | +69,538% |
| Recurring financial charges | 65 | €214 | €149,024 | +€148,810 | +69,538% |
| Debt charges | 650 | €10 | €148,970 | +€148,960 | +1,453,268% |
| Other financial charges | 652/9 | €204 | €54 | -€150 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €400,580 | -€151,583 | -€552,163 | |
| Profit (loss) for the period | 9904 | €400,580 | -€151,583 | -€552,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €400,580 | -€151,583 | -€552,163 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.