BH HOLDINGS: what changed
BH HOLDINGS
Largest movements
- Tangible fixed assets -€78,217
down €78,217 (-3.1%), from €2.5m to €2.4m
- Cash -€62,456
down €62,456 (-16.6%), from €376,417 to €313,961
mainly Debts after one year (-€98,351) and Net result for the year (-€33,328)
- Debts after one year -€98,351
down €98,351 (-4.8%), from €2.0m to €1.9m
of which Financial debts: -€98,071
- Profit (loss) carried forward -€33,328
down €33,328 (-22.9%), from €145,410 to €112,082
- Gross operating margin -€9,302
down €9,302 (-9.6%), from €97,232 to €87,930
- Write-downs -€4,899
down €4,899 (-100%), from €4,899 to €0
- Depreciation +€3,231
up €3,231 (+4.3%), from €74,986 to €78,217
- Other operating charges +€1,724
up €1,724 (+12.8%), from €13,458 to €15,182
- Financial charges -€1,383
down €1,383 (-4.7%), from €29,241 to €27,858
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,898,161 | €2,756,594 | -€141,566 | -4.9% |
| Fixed assets | 21/28 | €2,508,444 | €2,430,226 | -€78,217 | -3.1% |
| Tangible fixed assets | 22/27 | €2,508,444 | €2,430,226 | -€78,217 | -3.1% |
| Land and buildings | 22 | €2,508,444 | €2,430,226 | -€78,217 | -3.1% |
| Current assets | 29/58 | €389,717 | €326,368 | -€63,349 | -16.3% |
| Amounts receivable within one year | 40/41 | €1,268 | €169 | -€1,099 | -86.7% |
| Trade receivables | 40 | €1,268 | €169 | -€1,099 | -86.7% |
| Cash at bank and in hand | 54/58 | €376,417 | €313,961 | -€62,456 | -16.6% |
| Deferred charges and accrued income | 490/1 | €12,033 | €12,238 | +€205 | +1.7% |
| Total equity and liabilities | 10/49 | €2,898,161 | €2,756,594 | -€141,566 | -4.9% |
| Equity | 10/15 | €745,410 | €712,082 | -€33,328 | -4.5% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,410 | €112,082 | -€33,328 | -22.9% |
| Amounts payable | 17/49 | €2,152,751 | €2,044,512 | -€108,238 | -5.0% |
| Amounts payable after more than one year | 17 | €2,040,136 | €1,941,786 | -€98,351 | -4.8% |
| Financial debts | 170/4 | €2,030,406 | €1,932,336 | -€98,071 | -4.8% |
| Other amounts payable | 178/9 | €9,730 | €9,450 | -€280 | -2.9% |
| Amounts payable within one year | 42/48 | €100,548 | €102,726 | +€2,178 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €96,639 | €98,071 | +€1,432 | +1.5% |
| Trade debts | 44 | €3,909 | €4,656 | +€747 | +19.1% |
| Suppliers | 440/4 | €3,909 | €4,656 | +€747 | +19.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €12,066 | €0 | -€12,066 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,986 | €78,217 | +€3,231 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,899 | €0 | -€4,899 | -100% |
| Other operating charges | 640/8 | €13,458 | €15,182 | +€1,724 | +12.8% |
| Gross operating margin | 9900 | €97,232 | €87,930 | -€9,302 | -9.6% |
| Operating profit (loss) | 9901 | €3,888 | -€5,470 | -€9,358 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €29,241 | €27,858 | -€1,383 | -4.7% |
| Recurring financial charges | 65 | €29,241 | €27,858 | -€1,383 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,353 | -€33,328 | -€7,975 | -31.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€25,353 | -€33,328 | -€7,975 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,353 | -€33,328 | -€7,975 | -31.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.