BHAS: 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.
BHAS
Largest movements
- Receivables within one year -€23,185
down €23,185 (-97.5%), from €23,771 to €586
of which Trade receivables: -€21,452
- Cash +€10,583
up €10,583 (+190.9%), from €5,545 to €16,128
mainly Receivables within one year (+€23,185) and Stocks and contracts (+€2,200)
- Stocks and contracts -€2,200
down €2,200 (-17.6%), from €12,500 to €10,300
- Tangible fixed assets -€1,368
down €1,368 (-27.2%), from €5,025 to €3,658
of which Furniture and vehicles: -€716
- Profit (loss) carried forward -€8,165
down €8,165 (-40.9%), from €19,941 to €11,776
- Advances received -€5,976
no longer reported in 2025 (was €5,976)
- Trade debts -€2,030
no longer reported in 2025 (was €2,030)
- Turnover -€16,395
down €16,395 (-20.4%), from €80,482 to €64,086
- Purchases and services -€12,924
down €12,924 (-15.5%), from €83,143 to €70,220
- Gross operating margin -€3,472
down €3,472 (-130.4%), from -€2,662 to -€6,133
- Other operating charges -€2,049
no longer reported in 2025 (was €2,049)
- Financial income -€903
down €903 (-100.0%), from €903 to €0
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 | €46,841 | €30,671 | -€16,170 | -34.5% |
| Fixed assets | 21/28 | €5,025 | €3,658 | -€1,368 | -27.2% |
| Tangible fixed assets | 22/27 | €5,025 | €3,658 | -€1,368 | -27.2% |
| Plant, machinery and equipment | 23 | €553 | €277 | -€277 | -50.0% |
| Furniture and vehicles | 24 | €3,023 | €2,308 | -€716 | -23.7% |
| Other tangible fixed assets | 26 | €1,449 | €1,074 | -€375 | -25.9% |
| Current assets | 29/58 | €41,815 | €27,013 | -€14,802 | -35.4% |
| Stocks and contracts in progress | 3 | €12,500 | €10,300 | -€2,200 | -17.6% |
| Stocks | 30/36 | €12,500 | €10,300 | -€2,200 | -17.6% |
| Amounts receivable within one year | 40/41 | €23,771 | €586 | -€23,185 | -97.5% |
| Trade receivables | 40 | €21,452 | - | -€21,452 | |
| Other amounts receivable | 41 | €2,318 | €586 | -€1,733 | -74.7% |
| Cash at bank and in hand | 54/58 | €5,545 | €16,128 | +€10,583 | +190.9% |
| Total equity and liabilities | 10/49 | €46,841 | €30,671 | -€16,170 | -34.5% |
| Equity | 10/15 | €38,835 | €30,671 | -€8,165 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294 | €294 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €294 | +€294 | |
| Reserves not available under the articles | 1311 | - | €294 | +€294 | |
| Distributable reserves | 133 | €294 | - | -€294 | |
| Profit (loss) carried forward | 14 | €19,941 | €11,776 | -€8,165 | -40.9% |
| Amounts payable | 17/49 | €8,006 | - | -€8,006 | |
| Amounts payable within one year | 42/48 | €8,006 | - | -€8,006 | |
| Trade debts | 44 | €2,030 | - | -€2,030 | |
| Suppliers | 440/4 | €2,030 | - | -€2,030 | |
| Advances received on contracts in progress | 46 | €5,976 | - | -€5,976 | |
| Turnover | 70 | €80,482 | €64,086 | -€16,395 | -20.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,143 | €70,220 | -€12,924 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,902 | €1,733 | -€168 | -8.9% |
| Other operating charges | 640/8 | €2,049 | - | -€2,049 | |
| Gross operating margin | 9900 | -€2,662 | -€6,133 | -€3,472 | -130.4% |
| Operating profit (loss) | 9901 | -€6,613 | -€7,866 | -€1,254 | -19.0% |
| Financial income | 75/76B | €903 | €0 | -€903 | -100.0% |
| Recurring financial income | 75 | €903 | €0 | -€903 | -100.0% |
| Financial charges | 65/66B | €587 | €298 | -€288 | -49.1% |
| Recurring financial charges | 65 | €587 | €298 | -€288 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,297 | -€8,165 | -€1,868 | -29.7% |
| Profit (loss) for the period | 9904 | -€6,297 | -€8,165 | -€1,868 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,297 | -€8,165 | -€1,868 | -29.7% |
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 6 October 2026 via checked.be.