BHD 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.
BHD GROUP
Largest movements
- Receivables within one year -€50,450
down €50,450 (-47.5%), from €106,112 to €55,662
of which Trade receivables: -€50,450
- Tangible fixed assets -€3,193
down €3,193 (-14.8%), from €21,634 to €18,440
of which Furniture and vehicles: -€3,200
- Advances received -€22,738
down €22,738 (-40.4%), from €56,246 to €33,508
- Tax, wage and social debts -€20,945
down €20,945 (-67.5%), from €31,019 to €10,073
- Trade debts -€20,776
down €20,776 (-73.9%), from €28,131 to €7,354
- Profit (loss) carried forward +€18,437
up €18,437 (+80.6%), from €22,865 to €41,301
- Accrued charges and deferred income -€10,385
down €10,385 (-100.0%), from €10,385 to €0
- Turnover +€592,327
new in 2025: €592,327
- Purchases and services +€555,736
new in 2025: €555,736
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 | €153,510 | €99,409 | -€54,101 | -35.2% |
| Fixed assets | 21/28 | €21,634 | €18,440 | -€3,193 | -14.8% |
| Tangible fixed assets | 22/27 | €21,634 | €18,440 | -€3,193 | -14.8% |
| Plant, machinery and equipment | 23 | €3,684 | €3,691 | +€7 | +0.2% |
| Furniture and vehicles | 24 | €17,950 | €14,750 | -€3,200 | -17.8% |
| Current assets | 29/58 | €131,876 | €80,969 | -€50,907 | -38.6% |
| Stocks and contracts in progress | 3 | €1,271 | €1,843 | +€572 | +45.0% |
| Stocks | 30/36 | €1,271 | €1,843 | +€572 | +45.0% |
| Amounts receivable within one year | 40/41 | €106,112 | €55,662 | -€50,450 | -47.5% |
| Trade receivables | 40 | €106,052 | €55,602 | -€50,450 | -47.6% |
| Other amounts receivable | 41 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,494 | €23,464 | -€1,030 | -4.2% |
| Total equity and liabilities | 10/49 | €153,510 | €99,409 | -€54,101 | -35.2% |
| Equity | 10/15 | €25,865 | €44,301 | +€18,437 | +71.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,865 | €41,301 | +€18,437 | +80.6% |
| Amounts payable | 17/49 | €127,645 | €55,107 | -€72,538 | -56.8% |
| Amounts payable within one year | 42/48 | €117,260 | €55,107 | -€62,152 | -53.0% |
| Trade debts | 44 | €28,131 | €7,354 | -€20,776 | -73.9% |
| Suppliers | 440/4 | €28,131 | €7,354 | -€20,776 | -73.9% |
| Advances received on contracts in progress | 46 | €56,246 | €33,508 | -€22,738 | -40.4% |
| Taxes, remuneration and social security | 45 | €31,019 | €10,073 | -€20,945 | -67.5% |
| Taxes | 450/3 | €31,019 | €10,073 | -€20,945 | -67.5% |
| Other amounts payable | 47/48 | €1,864 | €4,172 | +€2,308 | +123.8% |
| Accrued charges and deferred income | 492/3 | €10,385 | €0 | -€10,385 | -100.0% |
| Turnover | 70 | - | €592,327 | +€592,327 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €555,736 | +€555,736 | |
| Remuneration, social security and pensions | 62 | €87 | €264 | +€177 | +202.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,055 | €7,047 | +€1,992 | +39.4% |
| Other operating charges | 640/8 | €92 | €0 | -€92 | -100.0% |
| Gross operating margin | 9900 | €34,582 | €36,591 | +€2,009 | +5.8% |
| Operating profit (loss) | 9901 | €29,347 | €29,280 | -€68 | -0.2% |
| Financial income | 75/76B | €164 | €225 | +€61 | +37.4% |
| Recurring financial income | 75 | €164 | €225 | +€61 | +37.4% |
| Financial charges | 65/66B | €176 | €5,602 | +€5,427 | +3089.3% |
| Recurring financial charges | 65 | €176 | €5,602 | +€5,427 | +3089.3% |
| Profit (loss) for the period before taxes | 9903 | €29,335 | €23,902 | -€5,433 | -18.5% |
| Income taxes | 67/77 | €6,470 | €5,465 | -€1,005 | -15.5% |
| Profit (loss) for the period | 9904 | €22,865 | €18,437 | -€4,428 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,865 | €18,437 | -€4,428 | -19.4% |
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 10 October 2026 via checked.be.