BDH - GESTION: 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.
BDH - GESTION
Largest movements
- Financial fixed assets +€2.7m
up €2.7m (+6,106%), from €43,600 to €2.7m
- Tangible fixed assets +€619,249
up €619,249 (+20.6%), from €3.0m to €3.6m
of which Land and buildings: +€538,907
- Receivables within one year -€576,975
down €576,975 (-75.3%), from €765,934 to €188,959
of which Other amounts receivable: -€576,407
- Cash -€111,832
down €111,832 (-64.9%), from €172,390 to €60,558
mainly Investment in fixed assets (net) (-€3.5m) and Tax, wage and social debts (-€80,597)
- Other debts +€2.4m
up €2.4m (+156%), from €1.5m to €3.9m
- Profit (loss) carried forward +€229,647
up €229,647 (+58.5%), from €392,581 to €622,227
- Tax, wage and social debts -€80,597
down €80,597 (-56.3%), from €143,168 to €62,571
- Trade debts +€68,329
up €68,329 (+240%), from €28,509 to €96,837
- Gross operating margin -€63,845
down €63,845 (-9.4%), from €675,985 to €612,140
- Other operating charges +€52,939
up €52,939 (+249%), from €21,240 to €74,179
- Taxes -€34,734
down €34,734 (-29.9%), from €115,997 to €81,263
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 | €3,993,159 | €6,585,609 | +€2.6m | +64.9% |
| Fixed assets | 21/28 | €3,054,835 | €6,336,093 | +€3.3m | +107% |
| Tangible fixed assets | 22/27 | €3,011,235 | €3,630,485 | +€619,249 | +20.6% |
| Land and buildings | 22 | €2,694,886 | €3,233,794 | +€538,907 | +20.0% |
| Plant, machinery and equipment | 23 | €310,748 | €393,890 | +€83,142 | +26.8% |
| Furniture and vehicles | 24 | €5,601 | €2,801 | -€2,801 | -50.0% |
| Financial fixed assets | 28 | €43,600 | €2,705,608 | +€2.7m | +6,106% |
| Current assets | 29/58 | €938,324 | €249,517 | -€688,807 | -73.4% |
| Amounts receivable within one year | 40/41 | €765,934 | €188,959 | -€576,975 | -75.3% |
| Trade receivables | 40 | €57,685 | €57,116 | -€569 | -1.0% |
| Other amounts receivable | 41 | €708,249 | €131,843 | -€576,407 | -81.4% |
| Cash at bank and in hand | 54/58 | €172,390 | €60,558 | -€111,832 | -64.9% |
| Total equity and liabilities | 10/49 | €3,993,159 | €6,585,609 | +€2.6m | +64.9% |
| Equity | 10/15 | €447,581 | €677,227 | +€229,647 | +51.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,581 | €622,227 | +€229,647 | +58.5% |
| Amounts payable | 17/49 | €3,545,579 | €5,908,382 | +€2.4m | +66.6% |
| Amounts payable after more than one year | 17 | €1,636,456 | €1,596,990 | -€39,465 | -2.4% |
| Financial debts | 170/4 | €1,636,456 | €1,596,990 | -€39,465 | -2.4% |
| Amounts payable within one year | 42/48 | €1,909,123 | €4,311,391 | +€2.4m | +126% |
| Current portion of amounts payable after more than one year | 42 | €192,652 | €204,899 | +€12,247 | +6.4% |
| Trade debts | 44 | €28,509 | €96,837 | +€68,329 | +240% |
| Suppliers | 440/4 | €28,509 | €96,837 | +€68,329 | +240% |
| Advances received on contracts in progress | 46 | €3,372 | €3,372 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €143,168 | €62,571 | -€80,597 | -56.3% |
| Taxes | 450/3 | €143,168 | €62,571 | -€80,597 | -56.3% |
| Other amounts payable | 47/48 | €1,541,423 | €3,943,712 | +€2.4m | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,950 | €190,345 | +€3,396 | +1.8% |
| Other operating charges | 640/8 | €21,240 | €74,179 | +€52,939 | +249% |
| Gross operating margin | 9900 | €675,985 | €612,140 | -€63,845 | -9.4% |
| Operating profit (loss) | 9901 | €467,796 | €347,616 | -€120,179 | -25.7% |
| Financial charges | 65/66B | €36,640 | €36,706 | +€66 | +0.2% |
| Recurring financial charges | 65 | €36,640 | €36,706 | +€66 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €431,156 | €310,911 | -€120,245 | -27.9% |
| Income taxes | 67/77 | €115,997 | €81,263 | -€34,734 | -29.9% |
| Profit (loss) for the period | 9904 | €315,158 | €229,647 | -€85,511 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €315,158 | €229,647 | -€85,511 | -27.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.