BHBC PARTNERS: what changed
BHBC PARTNERS
Largest movements
- Cash +€112,233
up €112,233 (+199,066%), from €56 to €112,290
mainly Debts after one year (+€77,694) and Receivables within one year (+€52,933)
- Receivables within one year -€52,933
down €52,933 (-16.9%), from €312,436 to €259,503
of which Trade receivables: -€79,913
- Tangible fixed assets -€9,880
down €9,880 (-35.0%), from €28,228 to €18,349
of which Other tangible fixed assets: -€10,528
- Debts after one year +€77,694
up €77,694 (+1,878%), from €4,138 to €81,832
- Current portion of long-term debt -€10,977
down €10,977 (-39.1%), from €28,040 to €17,063
- Trade debts -€9,327
down €9,327 (-5.9%), from €156,779 to €147,451
- Tax, wage and social debts -€6,457
down €6,457 (-93.6%), from €6,897 to €440
- Write-downs -€154,630
down €154,630, from €65,260 to -€89,370
- Gross operating margin -€134,577
down €134,577, from €89,410 to -€45,167
- Other operating charges +€26,802
up €26,802 (+2,046%), from €1,310 to €28,112
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,720 | €390,142 | +€49,421 | +14.5% |
| Fixed assets | 21/28 | €28,228 | €18,349 | -€9,880 | -35.0% |
| Tangible fixed assets | 22/27 | €28,228 | €18,349 | -€9,880 | -35.0% |
| Plant, machinery and equipment | 23 | - | €648 | +€648 | |
| Other tangible fixed assets | 26 | €28,228 | €17,700 | -€10,528 | -37.3% |
| Current assets | 29/58 | €312,492 | €371,793 | +€59,301 | +19.0% |
| Amounts receivable within one year | 40/41 | €312,436 | €259,503 | -€52,933 | -16.9% |
| Trade receivables | 40 | €312,436 | €232,523 | -€79,913 | -25.6% |
| Other amounts receivable | 41 | - | €26,980 | +€26,980 | |
| Cash at bank and in hand | 54/58 | €56 | €112,290 | +€112,233 | +199,066% |
| Total equity and liabilities | 10/49 | €340,720 | €390,142 | +€49,421 | +14.5% |
| Equity | 10/15 | €118,801 | €120,305 | +€1,504 | +1.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,151 | €52,655 | +€1,504 | +2.9% |
| Amounts payable | 17/49 | €221,919 | €269,837 | +€47,917 | +21.6% |
| Amounts payable after more than one year | 17 | €4,138 | €81,832 | +€77,694 | +1,878% |
| Financial debts | 170/4 | €4,138 | €81,832 | +€77,694 | +1,878% |
| Amounts payable within one year | 42/48 | €217,782 | €188,005 | -€29,777 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €28,040 | €17,063 | -€10,977 | -39.1% |
| Trade debts | 44 | €156,779 | €147,451 | -€9,327 | -5.9% |
| Suppliers | 440/4 | €156,779 | €147,451 | -€9,327 | -5.9% |
| Taxes, remuneration and social security | 45 | €6,897 | €440 | -€6,457 | -93.6% |
| Taxes | 450/3 | €6,897 | €440 | -€6,457 | -93.6% |
| Other amounts payable | 47/48 | €26,066 | €23,051 | -€3,015 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,528 | €10,566 | +€38 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,260 | -€89,370 | -€154,630 | |
| Other operating charges | 640/8 | €1,310 | €28,112 | +€26,802 | +2,046% |
| Gross operating margin | 9900 | €89,410 | -€45,167 | -€134,577 | |
| Operating profit (loss) | 9901 | €12,312 | €5,526 | -€6,786 | -55.1% |
| Financial income | 75/76B | €128 | €0 | -€128 | -99.7% |
| Recurring financial income | 75 | €128 | €0 | -€128 | -99.7% |
| Financial charges | 65/66B | €4,200 | €3,583 | -€617 | -14.7% |
| Recurring financial charges | 65 | €4,200 | €3,583 | -€617 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €8,241 | €1,944 | -€6,297 | -76.4% |
| Income taxes | 67/77 | - | €440 | +€440 | |
| Profit (loss) for the period | 9904 | €8,241 | €1,504 | -€6,737 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,241 | €1,504 | -€6,737 | -81.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.