BH Management: 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 Management
Largest movements
- Receivables within one year +€20,594
up €20,594 (+9.4%), from €218,462 to €239,056
of which Other amounts receivable: +€21,613
- Tangible fixed assets +€12,946
up €12,946 (+40.2%), from €32,236 to €45,182
of which Furniture and vehicles: +€13,555
- Cash -€8,699
down €8,699 (-96.0%), from €9,065 to €366
mainly Receivables within one year (-€20,594) and Investment in fixed assets (net) (-€16,949)
- Reserves +€27,735
up €27,735 (+11.1%), from €250,189 to €277,923
- Depreciation -€4,925
down €4,925 (-55.2%), from €8,928 to €4,003
- Financial charges -€2,556
down €2,556 (-61.4%), from €4,166 to €1,610
- Gross operating margin -€2,142
down €2,142 (-4.6%), from €47,077 to €44,935
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 | €262,515 | €287,918 | +€25,403 | +9.7% |
| Fixed assets | 21/28 | €32,236 | €45,182 | +€12,946 | +40.2% |
| Tangible fixed assets | 22/27 | €32,236 | €45,182 | +€12,946 | +40.2% |
| Land and buildings | 22 | €28,800 | €28,800 | = | 0.0% |
| Furniture and vehicles | 24 | €2,827 | €16,382 | +€13,555 | +479.5% |
| Other tangible fixed assets | 26 | €609 | - | -€609 | |
| Current assets | 29/58 | €230,278 | €242,735 | +€12,457 | +5.4% |
| Amounts receivable within one year | 40/41 | €218,462 | €239,056 | +€20,594 | +9.4% |
| Trade receivables | 40 | €10,890 | €9,872 | -€1,018 | -9.4% |
| Other amounts receivable | 41 | €207,572 | €229,185 | +€21,613 | +10.4% |
| Cash at bank and in hand | 54/58 | €9,065 | €366 | -€8,699 | -96.0% |
| Deferred charges and accrued income | 490/1 | €2,751 | €3,313 | +€562 | +20.4% |
| Total equity and liabilities | 10/49 | €262,515 | €287,918 | +€25,403 | +9.7% |
| Equity | 10/15 | €252,689 | €280,423 | +€27,735 | +11.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250,189 | €277,923 | +€27,735 | +11.1% |
| Distributable reserves | 133 | €250,189 | €277,923 | +€27,735 | +11.1% |
| Amounts payable | 17/49 | €9,826 | €7,495 | -€2,331 | -23.7% |
| Amounts payable within one year | 42/48 | €9,826 | €7,495 | -€2,331 | -23.7% |
| Trade debts | 44 | €5,310 | €2,489 | -€2,820 | -53.1% |
| Suppliers | 440/4 | €5,310 | €2,489 | -€2,820 | -53.1% |
| Taxes, remuneration and social security | 45 | €4,516 | €5,005 | +€489 | +10.8% |
| Taxes | 450/3 | €4,516 | €5,005 | +€489 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,928 | €4,003 | -€4,925 | -55.2% |
| Other operating charges | 640/8 | €1,856 | €1,968 | +€112 | +6.0% |
| Gross operating margin | 9900 | €47,077 | €44,935 | -€2,142 | -4.6% |
| Operating profit (loss) | 9901 | €36,293 | €38,964 | +€2,671 | +7.4% |
| Financial income | 75/76B | €1,206 | €935 | -€271 | -22.5% |
| Recurring financial income | 75 | €1,206 | €935 | -€271 | -22.5% |
| Financial charges | 65/66B | €4,166 | €1,610 | -€2,556 | -61.4% |
| Recurring financial charges | 65 | €4,166 | €1,610 | -€2,556 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €33,333 | €38,290 | +€4,956 | +14.9% |
| Income taxes | 67/77 | €10,455 | €10,555 | +€100 | +1.0% |
| Profit (loss) for the period | 9904 | €22,878 | €27,735 | +€4,856 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,878 | €27,735 | +€4,856 | +21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.