BHB transport: 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 transport
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+667%), from €154,880 to €1.2m
- Tangible fixed assets +€40,404
up €40,404 (+33.5%), from €120,617 to €161,021
- Cash +€31,406
up €31,406 (+1,651%), from €1,902 to €33,308
mainly Trade debts (+€826,122) and Net result for the year (+€175,906)
- Financial fixed assets +€14,000
new in 2025: €14,000
- Trade debts +€826,122
up €826,122 (+917%), from €90,072 to €916,194
- Profit (loss) carried forward +€175,906
up €175,906 (+115%), from €153,082 to €328,988
- Current portion of long-term debt +€62,817
new in 2025: €62,817
- Tax, wage and social debts +€53,706
up €53,706 (+178%), from €30,245 to €83,951
of which Taxes: +€48,949
- Gross operating margin +€290,085
up €290,085 (+186%), from €155,921 to €446,006
- Staff costs +€177,047
new in 2025: €177,047
- Depreciation +€52,697
up €52,697 (+2,211%), from €2,383 to €55,080
- Financial charges +€37,904
up €37,904 (+54,933%), from €69 to €37,973
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 | €277,399 | €1,395,950 | +€1.1m | +403% |
| Fixed assets | 21/28 | €120,617 | €175,021 | +€54,404 | +45.1% |
| Tangible fixed assets | 22/27 | €120,617 | €161,021 | +€40,404 | +33.5% |
| Furniture and vehicles | 24 | €120,617 | €161,021 | +€40,404 | +33.5% |
| Financial fixed assets | 28 | - | €14,000 | +€14,000 | |
| Current assets | 29/58 | €156,782 | €1,220,929 | +€1.1m | +679% |
| Amounts receivable within one year | 40/41 | €154,880 | €1,187,621 | +€1.0m | +667% |
| Trade receivables | 40 | €154,880 | €1,187,621 | +€1.0m | +667% |
| Cash at bank and in hand | 54/58 | €1,902 | €33,308 | +€31,406 | +1,651% |
| Total equity and liabilities | 10/49 | €277,399 | €1,395,950 | +€1.1m | +403% |
| Equity | 10/15 | €157,082 | €332,988 | +€175,906 | +112% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,082 | €328,988 | +€175,906 | +115% |
| Amounts payable | 17/49 | €120,317 | €1,062,962 | +€942,645 | +783% |
| Amounts payable within one year | 42/48 | €120,317 | €1,062,962 | +€942,645 | +783% |
| Current portion of amounts payable after more than one year | 42 | - | €62,817 | +€62,817 | |
| Trade debts | 44 | €90,072 | €916,194 | +€826,122 | +917% |
| Suppliers | 440/4 | €90,072 | €916,194 | +€826,122 | +917% |
| Taxes, remuneration and social security | 45 | €30,245 | €83,951 | +€53,706 | +178% |
| Taxes | 450/3 | €10,245 | €59,194 | +€48,949 | +478% |
| Remuneration and social security | 454/9 | €20,000 | €24,757 | +€4,757 | +23.8% |
| Remuneration, social security and pensions | 62 | - | €177,047 | +€177,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,383 | €55,080 | +€52,697 | +2,211% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €155,921 | €446,006 | +€290,085 | +186% |
| Operating profit (loss) | 9901 | €153,151 | €213,879 | +€60,728 | +39.7% |
| Financial charges | 65/66B | €69 | €37,973 | +€37,904 | +54,933% |
| Recurring financial charges | 65 | €69 | €37,973 | +€37,904 | +54,933% |
| Profit (loss) for the period before taxes | 9903 | €153,082 | €175,906 | +€22,824 | +14.9% |
| Profit (loss) for the period | 9904 | €153,082 | €175,906 | +€22,824 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,082 | €175,906 | +€22,824 | +14.9% |
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 29 October 2026 via checked.be.