BH: what changed
Two fiscal 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.
BH
Largest movements
- Tangible fixed assets +€60,184
up €60,184 (+1021.3%), from €5,893 to €66,077
of which Plant, machinery and equipment: +€33,670
- Receivables within one year -€26,863
down €26,863 (-32.2%), from €83,375 to €56,512
of which Trade receivables: -€38,539
- Receivables after one year -€19,640
no longer reported in 2024 (was €19,640)
- Cash +€19,408
up €19,408 (+6065.0%), from €320 to €19,728
mainly Net result for the year (+€61,760) and Receivables within one year (+€26,863)
- Profit (loss) carried forward +€61,760
up €61,760, from -€43,939 to €17,821
- Tax, wage and social debts -€32,501
down €32,501 (-75.8%), from €42,893 to €10,392
of which Remuneration and social security: -€39,913
- Debts after one year +€9,603
new in 2024: €9,603
- Other debts -€7,500
down €7,500 (-7.7%), from €97,500 to €90,000
- Trade debts +€2,227
up €2,227 (+13.0%), from €17,124 to €19,351
- Gross operating margin +€118,759
up €118,759 (+237.1%), from €50,086 to €168,845
- Depreciation +€9,071
up €9,071 (+412.3%), from €2,200 to €11,271
- Taxes -€8,299
down €8,299 (-48.4%), from €17,130 to €8,831
- Other operating charges +€2,180
up €2,180 (+141.5%), from €1,541 to €3,721
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,838 | €161,427 | +€33,589 | +26.3% |
| Fixed assets | 21/28 | €24,493 | €85,177 | +€60,684 | +247.8% |
| Tangible fixed assets | 22/27 | €5,893 | €66,077 | +€60,184 | +1021.3% |
| Plant, machinery and equipment | 23 | €1,285 | €34,955 | +€33,670 | +2620.2% |
| Furniture and vehicles | 24 | €4,608 | €7,408 | +€2,800 | +60.8% |
| Leasing and similar rights | 25 | - | €23,714 | +€23,714 | |
| Financial fixed assets | 28 | €18,600 | €19,100 | +€500 | +2.7% |
| Current assets | 29/58 | €103,345 | €76,250 | -€27,095 | -26.2% |
| Amounts receivable after more than one year | 29 | €19,640 | - | -€19,640 | |
| Other amounts receivable | 291 | €19,640 | - | -€19,640 | |
| Amounts receivable within one year | 40/41 | €83,375 | €56,512 | -€26,863 | -32.2% |
| Trade receivables | 40 | €73,871 | €35,332 | -€38,539 | -52.2% |
| Other amounts receivable | 41 | €9,504 | €21,180 | +€11,676 | +122.9% |
| Current investments | 50/53 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €320 | €19,728 | +€19,408 | +6065.0% |
| Total equity and liabilities | 10/49 | €127,838 | €161,427 | +€33,589 | +26.3% |
| Equity | 10/15 | -€29,679 | €32,081 | +€61,760 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,939 | €17,821 | +€61,760 | |
| Amounts payable | 17/49 | €157,517 | €129,346 | -€28,171 | -17.9% |
| Amounts payable after more than one year | 17 | - | €9,603 | +€9,603 | |
| Financial debts | 170/4 | - | €9,603 | +€9,603 | |
| Amounts payable within one year | 42/48 | €157,517 | €119,743 | -€37,774 | -24.0% |
| Trade debts | 44 | €17,124 | €19,351 | +€2,227 | +13.0% |
| Suppliers | 440/4 | €17,124 | €19,351 | +€2,227 | +13.0% |
| Taxes, remuneration and social security | 45 | €42,893 | €10,392 | -€32,501 | -75.8% |
| Taxes | 450/3 | €95 | €7,507 | +€7,412 | +7802.1% |
| Remuneration and social security | 454/9 | €42,798 | €2,885 | -€39,913 | -93.3% |
| Other amounts payable | 47/48 | €97,500 | €90,000 | -€7,500 | -7.7% |
| Remuneration, social security and pensions | 62 | €82,718 | €83,208 | +€490 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €11,271 | +€9,071 | +412.3% |
| Other operating charges | 640/8 | €1,541 | €3,721 | +€2,180 | +141.5% |
| Gross operating margin | 9900 | €50,086 | €168,845 | +€118,759 | +237.1% |
| Operating profit (loss) | 9901 | -€36,373 | €70,645 | +€107,018 | |
| Financial charges | 65/66B | €348 | €54 | -€294 | -84.5% |
| Recurring financial charges | 65 | €348 | €54 | -€294 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,721 | €70,591 | +€107,312 | |
| Income taxes | 67/77 | €17,130 | €8,831 | -€8,299 | -48.4% |
| Profit (loss) for the period | 9904 | -€53,851 | €61,760 | +€115,611 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,851 | €61,760 | +€115,611 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.