BHB: 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.
BHB
Largest movements
- Financial fixed assets -€2.9m
down €2.9m (-16.9%), from €17.1m to €14.2m
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Receivables within one year -€347,747
down €347,747 (-10.2%), from €3.4m to €3.0m
of which Trade receivables: -€548,514
- Cash +€302,025
up €302,025 (+599%), from €50,398 to €352,424
mainly Net result for the year (+€3.0m) and Investment in fixed assets (net) (+€2.9m)
- Other debts -€2.9m
down €2.9m (-45.2%), from €6.3m to €3.5m
- Profit (loss) carried forward +€2.4m
up €2.4m, from -€1.5m to €896,350
- Contributions -€1.8m
down €1.8m (-16.9%), from €10.9m to €9.0m
- Revaluation surpluses -€1.6m
down €1.6m (-34.1%), from €4.7m to €3.1m
- Reserves +€434,106
up €434,106 (+101%), from €429,293 to €863,399
- Financial income +€3.9m
up €3.9m (+2,136%), from €180,798 to €4.0m
of which Financial income: +€4.0m
- Financial charges +€1.4m
up €1.4m (+898%), from €151,730 to €1.5m
of which Non-recurring financial charges: +€1.4m
- Gross operating margin +€58,956
up €58,956 (+14.1%), from €418,376 to €477,332
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 | €21,222,855 | €17,812,646 | -€3.4m | -16.1% |
| Fixed assets | 21/28 | €17,114,795 | €14,221,693 | -€2.9m | -16.9% |
| Financial fixed assets | 28 | €17,114,795 | €14,221,693 | -€2.9m | -16.9% |
| Current assets | 29/58 | €4,108,060 | €3,590,953 | -€517,106 | -12.6% |
| Amounts receivable within one year | 40/41 | €3,395,121 | €3,047,374 | -€347,747 | -10.2% |
| Trade receivables | 40 | €640,789 | €92,275 | -€548,514 | -85.6% |
| Other amounts receivable | 41 | €2,754,332 | €2,955,099 | +€200,767 | +7.3% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €50,398 | €352,424 | +€302,025 | +599% |
| Deferred charges and accrued income | 490/1 | €162,540 | €191,156 | +€28,616 | +17.6% |
| Total equity and liabilities | 10/49 | €21,222,855 | €17,812,646 | -€3.4m | -16.1% |
| Equity | 10/15 | €14,525,510 | €13,912,153 | -€613,357 | -4.2% |
| Contributions | 10/11 | €10,865,106 | €9,031,000 | -€1.8m | -16.9% |
| Revaluation surpluses | 12 | €4,739,430 | €3,121,403 | -€1.6m | -34.1% |
| Reserves | 13 | €429,293 | €863,399 | +€434,106 | +101% |
| Distributable reserves | 133 | €429,293 | €863,399 | +€434,106 | +101% |
| Profit (loss) carried forward | 14 | -€1,508,319 | €896,350 | +€2.4m | |
| Amounts payable | 17/49 | €6,697,346 | €3,900,493 | -€2.8m | -41.8% |
| Amounts payable within one year | 42/48 | €6,420,630 | €3,505,599 | -€2.9m | -45.4% |
| Trade debts | 44 | €80,000 | €30,706 | -€49,294 | -61.6% |
| Suppliers | 440/4 | €80,000 | €30,706 | -€49,294 | -61.6% |
| Other amounts payable | 47/48 | €6,340,630 | €3,474,893 | -€2.9m | -45.2% |
| Accrued charges and deferred income | 492/3 | €276,716 | €394,894 | +€118,178 | +42.7% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €418,376 | €477,332 | +€58,956 | +14.1% |
| Operating profit (loss) | 9901 | €417,283 | €476,205 | +€58,923 | +14.1% |
| Financial income | 75/76B | €180,798 | €4,042,575 | +€3.9m | +2,136% |
| Recurring financial income | 75 | €24,893 | €4,042,575 | +€4.0m | +16,140% |
| Non-recurring financial income | 76B | €155,905 | - | -€155,905 | |
| Financial charges | 65/66B | €151,730 | €1,514,111 | +€1.4m | +898% |
| Recurring financial charges | 65 | €151,730 | €134,518 | -€17,212 | -11.3% |
| Non-recurring financial charges | 66B | - | €1,379,593 | +€1.4m | |
| Profit (loss) for the period before taxes | 9903 | €446,351 | €3,004,670 | +€2.6m | +573% |
| Profit (loss) for the period | 9904 | €446,351 | €3,004,670 | +€2.6m | +573% |
| Profit (loss) for the period to be appropriated | 9905 | €446,351 | €3,004,670 | +€2.6m | +573% |
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 13 October 2026 via checked.be.