BHE Groupe: 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.
BHE Groupe
Largest movements
- Receivables within one year +€87,577
up €87,577 (+19.9%), from €440,869 to €528,446
- Cash -€7,089
down €7,089 (-21.1%), from €33,527 to €26,438
mainly Receivables within one year (-€87,577) and Debts after one year (-€6,602)
- Other debts +€55,506
up €55,506 (+12.2%), from €454,299 to €509,806
- Trade debts +€10,979
up €10,979 (+243%), from €4,513 to €15,492
- Profit (loss) carried forward +€7,370
up €7,370 (+45.7%), from €16,133 to €23,503
- Debts after one year -€6,602
down €6,602 (-15.3%), from €43,135 to €36,533
- Depreciation +€2,916
up €2,916 (+42.2%), from €6,909 to €9,825
- Financial charges +€1,676
up €1,676 (+552%), from €304 to €1,980
- Gross operating margin -€678
down €678 (-3.0%), from €22,571 to €21,894
- Taxes -€664
down €664 (-22.3%), from €2,984 to €2,319
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 | €534,191 | €604,995 | +€70,805 | +13.3% |
| Fixed assets | 21/28 | €59,795 | €49,970 | -€9,825 | -16.4% |
| Intangible fixed assets | 21 | €16,603 | €11,603 | -€5,000 | -30.1% |
| Tangible fixed assets | 22/27 | €43,192 | €38,367 | -€4,825 | -11.2% |
| Plant, machinery and equipment | 23 | €14,654 | €13,122 | -€1,532 | -10.5% |
| Furniture and vehicles | 24 | €19,740 | €17,360 | -€2,380 | -12.1% |
| Other tangible fixed assets | 26 | €8,798 | €7,886 | -€913 | -10.4% |
| Current assets | 29/58 | €474,396 | €555,025 | +€80,629 | +17.0% |
| Amounts receivable within one year | 40/41 | €440,869 | €528,446 | +€87,577 | +19.9% |
| Other amounts receivable | 41 | €440,869 | €528,446 | +€87,577 | +19.9% |
| Cash at bank and in hand | 54/58 | €33,527 | €26,438 | -€7,089 | -21.1% |
| Deferred charges and accrued income | 490/1 | - | €141 | +€141 | |
| Total equity and liabilities | 10/49 | €534,191 | €604,995 | +€70,805 | +13.3% |
| Equity | 10/15 | €18,533 | €25,903 | +€7,370 | +39.8% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,133 | €23,503 | +€7,370 | +45.7% |
| Amounts payable | 17/49 | €515,657 | €579,092 | +€63,434 | +12.3% |
| Amounts payable after more than one year | 17 | €43,135 | €36,533 | -€6,602 | -15.3% |
| Financial debts | 170/4 | €43,135 | €36,533 | -€6,602 | -15.3% |
| Amounts payable within one year | 42/48 | €472,522 | €542,559 | +€70,037 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €6,347 | €6,602 | +€255 | +4.0% |
| Financial debts | 43 | €4,379 | €5,356 | +€977 | +22.3% |
| Credit institutions | 430/8 | €4,379 | €5,356 | +€977 | +22.3% |
| Trade debts | 44 | €4,513 | €15,492 | +€10,979 | +243% |
| Suppliers | 440/4 | €4,513 | €15,492 | +€10,979 | +243% |
| Taxes, remuneration and social security | 45 | €2,984 | €5,303 | +€2,319 | +77.7% |
| Taxes | 450/3 | €2,984 | €5,303 | +€2,319 | +77.7% |
| Other amounts payable | 47/48 | €454,299 | €509,806 | +€55,506 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,909 | €9,825 | +€2,916 | +42.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €22,571 | €21,894 | -€678 | -3.0% |
| Operating profit (loss) | 9901 | €15,275 | €11,669 | -€3,606 | -23.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €304 | €1,980 | +€1,676 | +552% |
| Recurring financial charges | 65 | €304 | €1,980 | +€1,676 | +552% |
| Profit (loss) for the period before taxes | 9903 | €14,972 | €9,690 | -€5,283 | -35.3% |
| Income taxes | 67/77 | €2,984 | €2,319 | -€664 | -22.3% |
| Profit (loss) for the period | 9904 | €11,989 | €7,370 | -€4,619 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,989 | €7,370 | -€4,619 | -38.5% |
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 22 October 2026 via checked.be.