BHB GROUP: 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 GROUP
Largest movements
- Receivables within one year +€27,372
up €27,372 (+55.7%), from €49,171 to €76,543
of which Trade receivables: +€45,002
- Tangible fixed assets -€6,310
down €6,310 (-71.3%), from €8,848 to €2,537
of which Furniture and vehicles: -€6,212
- Advances received +€16,500
new in 2025: €16,500
- Debts after one year -€5,182
down €5,182 (-59.7%), from €8,686 to €3,505
- Profit (loss) carried forward +€5,137
up €5,137 (+69.8%), from €7,364 to €12,500
- Tax, wage and social debts +€5,020
up €5,020 (+39.4%), from €12,736 to €17,756
of which Remuneration and social security: +€5,462
- Trade debts -€1,842
down €1,842 (-12.4%), from €14,909 to €13,067
- Gross operating margin +€17,311
up €17,311 (+85.4%), from €20,268 to €37,579
- Staff costs -€3,704
down €3,704 (-25.4%), from €14,575 to €10,871
- Taxes +€3,382
up €3,382 (+492.0%), from €687 to €4,069
- Financial charges +€2,553
up €2,553 (+202.3%), from €1,262 to €3,815
- Depreciation -€758
down €758 (-10.7%), from €7,068 to €6,310
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 | €61,323 | €80,909 | +€19,586 | +31.9% |
| Fixed assets | 21/28 | €8,848 | €2,537 | -€6,310 | -71.3% |
| Tangible fixed assets | 22/27 | €8,848 | €2,537 | -€6,310 | -71.3% |
| Plant, machinery and equipment | 23 | €98 | €0 | -€98 | -100.0% |
| Furniture and vehicles | 24 | €8,750 | €2,537 | -€6,212 | -71.0% |
| Current assets | 29/58 | €52,475 | €78,372 | +€25,896 | +49.3% |
| Amounts receivable within one year | 40/41 | €49,171 | €76,543 | +€27,372 | +55.7% |
| Trade receivables | 40 | €26,782 | €71,784 | +€45,002 | +168.0% |
| Other amounts receivable | 41 | €22,389 | €4,759 | -€17,630 | -78.7% |
| Cash at bank and in hand | 54/58 | €1,473 | €755 | -€718 | -48.8% |
| Deferred charges and accrued income | 490/1 | €1,832 | €1,074 | -€758 | -41.4% |
| Total equity and liabilities | 10/49 | €61,323 | €80,909 | +€19,586 | +31.9% |
| Equity | 10/15 | €19,764 | €24,900 | +€5,137 | +26.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,364 | €12,500 | +€5,137 | +69.8% |
| Amounts payable | 17/49 | €41,560 | €56,009 | +€14,449 | +34.8% |
| Amounts payable after more than one year | 17 | €8,686 | €3,505 | -€5,182 | -59.7% |
| Financial debts | 170/4 | €8,686 | €3,505 | -€5,182 | -59.7% |
| Amounts payable within one year | 42/48 | €32,873 | €52,504 | +€19,631 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €5,228 | €5,182 | -€47 | -0.9% |
| Trade debts | 44 | €14,909 | €13,067 | -€1,842 | -12.4% |
| Suppliers | 440/4 | €14,909 | €13,067 | -€1,842 | -12.4% |
| Advances received on contracts in progress | 46 | - | €16,500 | +€16,500 | |
| Taxes, remuneration and social security | 45 | €12,736 | €17,756 | +€5,020 | +39.4% |
| Taxes | 450/3 | €11,060 | €10,618 | -€442 | -4.0% |
| Remuneration and social security | 454/9 | €1,676 | €7,138 | +€5,462 | +325.9% |
| Remuneration, social security and pensions | 62 | €14,575 | €10,871 | -€3,704 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,068 | €6,310 | -€758 | -10.7% |
| Other operating charges | 640/8 | €7,618 | €7,376 | -€242 | -3.2% |
| Gross operating margin | 9900 | €20,268 | €37,579 | +€17,311 | +85.4% |
| Operating profit (loss) | 9901 | -€8,993 | €13,022 | +€22,015 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,262 | €3,815 | +€2,553 | +202.3% |
| Recurring financial charges | 65 | €1,262 | €3,815 | +€2,553 | +202.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,249 | €9,206 | +€19,455 | |
| Income taxes | 67/77 | €687 | €4,069 | +€3,382 | +492.0% |
| Profit (loss) for the period | 9904 | -€10,936 | €5,137 | +€16,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,936 | €5,137 | +€16,073 |
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 9 October 2026 via checked.be.