BH3 CONSULT: 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.
BH3 CONSULT
Largest movements
- Cash +€143,389
up €143,389 (+82.2%), from €174,515 to €317,905
mainly Net result for the year (+€110,251) and Receivables within one year (+€26,015)
- Receivables within one year -€26,015
no longer reported in 2025 (was €26,015)
- Profit (loss) carried forward +€110,251
up €110,251 (+55.5%), from €198,723 to €308,974
- Tax, wage and social debts +€12,906
up €12,906 (+52.1%), from €24,774 to €37,681
- Trade debts -€4,986
down €4,986 (-94.9%), from €5,255 to €269
- Taxes -€11,414
down €11,414 (-31.4%), from €36,312 to €24,898
- Gross operating margin -€5,214
down €5,214 (-3.4%), from €151,473 to €146,259
- Depreciation +€2,522
up €2,522 (+32.4%), from €7,794 to €10,316
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 | €233,202 | €347,924 | +€114,722 | +49.2% |
| Fixed assets | 21/28 | €32,671 | €29,784 | -€2,887 | -8.8% |
| Tangible fixed assets | 22/27 | €32,671 | €29,784 | -€2,887 | -8.8% |
| Plant, machinery and equipment | 23 | €765 | €382 | -€383 | -50.1% |
| Furniture and vehicles | 24 | €21,119 | €21,208 | +€89 | +0.4% |
| Other tangible fixed assets | 26 | €10,787 | €8,194 | -€2,593 | -24.0% |
| Current assets | 29/58 | €200,530 | €318,140 | +€117,609 | +58.6% |
| Amounts receivable within one year | 40/41 | €26,015 | - | -€26,015 | |
| Trade receivables | 40 | €26,015 | - | -€26,015 | |
| Cash at bank and in hand | 54/58 | €174,515 | €317,905 | +€143,389 | +82.2% |
| Deferred charges and accrued income | 490/1 | - | €235 | +€235 | |
| Total equity and liabilities | 10/49 | €233,202 | €347,924 | +€114,722 | +49.2% |
| Equity | 10/15 | €199,723 | €309,974 | +€110,251 | +55.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,723 | €308,974 | +€110,251 | +55.5% |
| Amounts payable | 17/49 | €33,478 | €37,950 | +€4,471 | +13.4% |
| Amounts payable within one year | 42/48 | €33,478 | €37,950 | +€4,471 | +13.4% |
| Trade debts | 44 | €5,255 | €269 | -€4,986 | -94.9% |
| Suppliers | 440/4 | €5,255 | €269 | -€4,986 | -94.9% |
| Taxes, remuneration and social security | 45 | €24,774 | €37,681 | +€12,906 | +52.1% |
| Taxes | 450/3 | €24,774 | €37,681 | +€12,906 | +52.1% |
| Other amounts payable | 47/48 | €3,449 | - | -€3,449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,794 | €10,316 | +€2,522 | +32.4% |
| Other operating charges | 640/8 | €1,193 | €528 | -€664 | -55.7% |
| Non-recurring operating charges | 66A | €385 | €274 | -€110 | -28.7% |
| Gross operating margin | 9900 | €151,473 | €146,259 | -€5,214 | -3.4% |
| Operating profit (loss) | 9901 | €142,102 | €135,141 | -€6,961 | -4.9% |
| Financial income | 75/76B | €35 | €150 | +€115 | +328% |
| Recurring financial income | 75 | €35 | €150 | +€115 | +328% |
| Financial charges | 65/66B | €65 | €142 | +€77 | +117% |
| Recurring financial charges | 65 | €65 | €142 | +€77 | +117% |
| Profit (loss) for the period before taxes | 9903 | €142,072 | €135,149 | -€6,923 | -4.9% |
| Income taxes | 67/77 | €36,312 | €24,898 | -€11,414 | -31.4% |
| Profit (loss) for the period | 9904 | €105,760 | €110,251 | +€4,491 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,760 | €110,251 | +€4,491 | +4.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.