BH Solutions: 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 Solutions
Largest movements
- Cash -€55,474
down €55,474 (-64.2%), from €86,404 to €30,930
mainly Investment in fixed assets (net) (-€74,919) and Net result for the year (-€68,012)
- Tangible fixed assets +€22,534
up €22,534 (+4.7%), from €476,359 to €498,893
of which Leasing and similar rights: +€41,895
- Receivables after one year -€7,719
down €7,719 (-57.4%), from €13,440 to €5,721
- Profit (loss) carried forward -€68,012
down €68,012, from €24,247 to -€43,765
- Provisions +€29,881
new in 2025: €29,881
- Other debts -€22,703
down €22,703 (-14.6%), from €155,058 to €132,355
- Debts after one year +€14,015
up €14,015 (+4.1%), from €338,807 to €352,822
- Current portion of long-term debt +€8,651
up €8,651 (+32.3%), from €26,783 to €35,433
- Gross operating margin -€36,775
down €36,775 (-53.0%), from €69,362 to €32,587
- Provisions +€29,881
new in 2025: €29,881
- Depreciation +€11,427
up €11,427 (+27.9%), from €40,957 to €52,384
- Financial charges +€5,001
up €5,001 (+46.5%), from €10,743 to €15,743
- Other operating charges +€2,226
up €2,226 (+235.0%), from €947 to €3,173
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 | €609,807 | €569,027 | -€40,780 | -6.7% |
| Fixed assets | 21/28 | €476,359 | €498,893 | +€22,534 | +4.7% |
| Tangible fixed assets | 22/27 | €476,359 | €498,893 | +€22,534 | +4.7% |
| Land and buildings | 22 | €384,966 | €370,997 | -€13,969 | -3.6% |
| Furniture and vehicles | 24 | €28,859 | €30,246 | +€1,388 | +4.8% |
| Leasing and similar rights | 25 | €18,236 | €60,131 | +€41,895 | +229.7% |
| Other tangible fixed assets | 26 | €44,298 | €37,519 | -€6,779 | -15.3% |
| Current assets | 29/58 | €133,448 | €70,133 | -€63,314 | -47.4% |
| Amounts receivable after more than one year | 29 | €13,440 | €5,721 | -€7,719 | -57.4% |
| Other amounts receivable | 291 | €13,440 | €5,721 | -€7,719 | -57.4% |
| Stocks and contracts in progress | 3 | €5,997 | €4,927 | -€1,070 | -17.8% |
| Stocks | 30/36 | €5,997 | €4,927 | -€1,070 | -17.8% |
| Amounts receivable within one year | 40/41 | €25,493 | €24,916 | -€578 | -2.3% |
| Trade receivables | 40 | €20,555 | €20,725 | +€170 | +0.8% |
| Other amounts receivable | 41 | €4,938 | €4,191 | -€747 | -15.1% |
| Cash at bank and in hand | 54/58 | €86,404 | €30,930 | -€55,474 | -64.2% |
| Deferred charges and accrued income | 490/1 | €2,113 | €3,639 | +€1,526 | +72.2% |
| Total equity and liabilities | 10/49 | €609,807 | €569,027 | -€40,780 | -6.7% |
| Equity | 10/15 | €79,707 | €11,695 | -€68,012 | -85.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,247 | -€43,765 | -€68,012 | |
| Provisions and deferred taxes | 16 | - | €29,881 | +€29,881 | |
| Provisions for liabilities and charges | 160/5 | - | €29,881 | +€29,881 | |
| Other liabilities and charges | 164/5 | - | €29,881 | +€29,881 | |
| Amounts payable | 17/49 | €530,100 | €527,451 | -€2,649 | -0.5% |
| Amounts payable after more than one year | 17 | €338,807 | €352,822 | +€14,015 | +4.1% |
| Financial debts | 170/4 | €338,807 | €352,822 | +€14,015 | +4.1% |
| Amounts payable within one year | 42/48 | €190,275 | €172,451 | -€17,824 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €26,783 | €35,433 | +€8,651 | +32.3% |
| Financial debts | 43 | €61 | €67 | +€6 | +10.3% |
| Credit institutions | 430/8 | €61 | €67 | +€6 | +10.3% |
| Trade debts | 44 | €4,532 | €327 | -€4,206 | -92.8% |
| Suppliers | 440/4 | €4,532 | €327 | -€4,206 | -92.8% |
| Taxes, remuneration and social security | 45 | €3,841 | €4,269 | +€427 | +11.1% |
| Taxes | 450/3 | €3,841 | €4,269 | +€427 | +11.1% |
| Other amounts payable | 47/48 | €155,058 | €132,355 | -€22,703 | -14.6% |
| Accrued charges and deferred income | 492/3 | €1,018 | €2,178 | +€1,160 | +113.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,957 | €52,384 | +€11,427 | +27.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,881 | +€29,881 | |
| Other operating charges | 640/8 | €947 | €3,173 | +€2,226 | +235.0% |
| Gross operating margin | 9900 | €69,362 | €32,587 | -€36,775 | -53.0% |
| Operating profit (loss) | 9901 | €27,458 | -€52,851 | -€80,310 | |
| Financial income | 75/76B | €649 | €795 | +€146 | +22.5% |
| Recurring financial income | 75 | €649 | €795 | +€146 | +22.5% |
| Financial charges | 65/66B | €10,743 | €15,743 | +€5,001 | +46.5% |
| Recurring financial charges | 65 | €10,743 | €15,743 | +€5,001 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €17,364 | -€67,800 | -€85,164 | |
| Income taxes | 67/77 | €1,062 | €213 | -€850 | -80.0% |
| Profit (loss) for the period | 9904 | €16,302 | -€68,012 | -€84,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,302 | -€68,012 | -€84,314 |
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 7 October 2026 via checked.be.