BHB CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€35,707
down €35,707 (-60.7%), from €58,836 to €23,128
of which Trade receivables: -€41,227
- Tangible fixed assets +€17,978
up €17,978 (+71.8%), from €25,049 to €43,027
of which Furniture and vehicles: +€18,242
- Cash -€11,755
down €11,755 (-49.5%), from €23,731 to €11,976
mainly Other debts (-€60,110) and Investment in fixed assets (net) (-€34,425)
- Other debts -€60,110
no longer reported in 2025 (was €60,110)
- Trade debts +€17,212
up €17,212 (+448%), from €3,841 to €21,053
- Current portion of long-term debt +€8,588
new in 2025: €8,588
- Debts after one year +€2,543
new in 2025: €2,543
- Profit (loss) carried forward +€1,493
up €1,493 (+48.1%), from €3,106 to €4,600
- Gross operating margin +€8,203
up €8,203 (+31.2%), from €26,319 to €34,522
- Depreciation +€5,757
up €5,757 (+53.9%), from €10,690 to €16,447
- Financial charges +€4,319
up €4,319 (+42.9%), from €10,065 to €14,384
- Taxes -€2,353
no longer reported in 2025 (was €2,353)
- Other operating charges +€1,057
up €1,057 (+90.2%), from €1,172 to €2,229
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 | €112,789 | €83,134 | -€29,655 | -26.3% |
| Fixed assets | 21/28 | €25,399 | €43,377 | +€17,978 | +70.8% |
| Tangible fixed assets | 22/27 | €25,049 | €43,027 | +€17,978 | +71.8% |
| Plant, machinery and equipment | 23 | €7,358 | €7,094 | -€264 | -3.6% |
| Furniture and vehicles | 24 | €17,691 | €35,933 | +€18,242 | +103% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €87,390 | €39,757 | -€47,633 | -54.5% |
| Amounts receivable within one year | 40/41 | €58,836 | €23,128 | -€35,707 | -60.7% |
| Trade receivables | 40 | €55,630 | €14,402 | -€41,227 | -74.1% |
| Other amounts receivable | 41 | €3,206 | €8,726 | +€5,520 | +172% |
| Cash at bank and in hand | 54/58 | €23,731 | €11,976 | -€11,755 | -49.5% |
| Deferred charges and accrued income | 490/1 | €4,823 | €4,652 | -€171 | -3.5% |
| Total equity and liabilities | 10/49 | €112,789 | €83,134 | -€29,655 | -26.3% |
| Equity | 10/15 | €42,068 | €43,562 | +€1,493 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,362 | €20,362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,502 | €18,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,106 | €4,600 | +€1,493 | +48.1% |
| Amounts payable | 17/49 | €70,721 | €39,572 | -€31,148 | -44.0% |
| Amounts payable after more than one year | 17 | - | €2,543 | +€2,543 | |
| Financial debts | 170/4 | - | €2,543 | +€2,543 | |
| Amounts payable within one year | 42/48 | €70,050 | €37,024 | -€33,027 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,588 | +€8,588 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,841 | €21,053 | +€17,212 | +448% |
| Suppliers | 440/4 | €3,841 | €21,053 | +€17,212 | +448% |
| Taxes, remuneration and social security | 45 | €6,098 | €7,382 | +€1,283 | +21.0% |
| Taxes | 450/3 | €6,098 | €7,382 | +€1,283 | +21.0% |
| Other amounts payable | 47/48 | €60,110 | - | -€60,110 | |
| Accrued charges and deferred income | 492/3 | €671 | €6 | -€665 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,690 | €16,447 | +€5,757 | +53.9% |
| Other operating charges | 640/8 | €1,172 | €2,229 | +€1,057 | +90.2% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €26,319 | €34,522 | +€8,203 | +31.2% |
| Operating profit (loss) | 9901 | €13,957 | €15,846 | +€1,889 | +13.5% |
| Financial income | 75/76B | €0 | €32 | +€31 | +12,050% |
| Recurring financial income | 75 | €0 | €32 | +€31 | +12,050% |
| Financial charges | 65/66B | €10,065 | €14,384 | +€4,319 | +42.9% |
| Recurring financial charges | 65 | €10,065 | €14,384 | +€4,319 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €3,893 | €1,493 | -€2,399 | -61.6% |
| Income taxes | 67/77 | €2,353 | - | -€2,353 | |
| Profit (loss) for the period | 9904 | €1,540 | €1,493 | -€46 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,540 | €1,493 | -€46 | -3.0% |
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 15 October 2026 via checked.be.