BHIMO: what changed
Two fiscal 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.
BHIMO
Largest movements
- Financial fixed assets -€446,063
down €446,063 (-92.3%), from €483,250 to €37,187
- Receivables within one year -€102,957
down €102,957 (-78.5%), from €131,164 to €28,207
of which Other amounts receivable: -€100,196
- Deferred charges and accrued income -€25,070
down €25,070 (-91.5%), from €27,386 to €2,316
- Tangible fixed assets -€18,607
down €18,607 (-2.1%), from €890,980 to €872,372
of which Land and buildings: -€19,378
- Reserves -€290,671
down €290,671 (-22.0%), from €1.3m to €1.0m
of which Distributable reserves: -€260,000
- Profit (loss) carried forward -€284,475
down €284,475, from €5,514 to -€278,960
- Financial charges +€242,478
up €242,478 (+1109.2%), from €21,860 to €264,338
of which Non-recurring financial charges: +€264,063
- Gross operating margin -€18,410
down €18,410 (-98.2%), from €18,754 to €343
- Financial income -€16,663
down €16,663 (-66.4%), from €25,112 to €8,449
- Depreciation +€2,317
up €2,317 (+3.9%), from €59,539 to €61,857
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 | €1,589,003 | €989,636 | -€599,367 | -37.7% |
| Fixed assets | 21/28 | €1,374,230 | €909,559 | -€464,670 | -33.8% |
| Tangible fixed assets | 22/27 | €890,980 | €872,372 | -€18,607 | -2.1% |
| Land and buildings | 22 | €889,424 | €870,046 | -€19,378 | -2.2% |
| Plant, machinery and equipment | 23 | €1,555 | €1,240 | -€316 | -20.3% |
| Furniture and vehicles | 24 | - | €1,087 | +€1,087 | |
| Financial fixed assets | 28 | €483,250 | €37,187 | -€446,063 | -92.3% |
| Current assets | 29/58 | €214,773 | €80,077 | -€134,697 | -62.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €131,164 | €28,207 | -€102,957 | -78.5% |
| Trade receivables | 40 | €4,576 | €1,815 | -€2,761 | -60.3% |
| Other amounts receivable | 41 | €126,588 | €26,392 | -€100,196 | -79.2% |
| Cash at bank and in hand | 54/58 | €16,224 | €9,553 | -€6,671 | -41.1% |
| Deferred charges and accrued income | 490/1 | €27,386 | €2,316 | -€25,070 | -91.5% |
| Total equity and liabilities | 10/49 | €1,589,003 | €989,636 | -€599,367 | -37.7% |
| Equity | 10/15 | €1,422,570 | €847,424 | -€575,146 | -40.4% |
| Contributions | 10/11 | €96,724 | €96,724 | = | 0.0% |
| Reserves | 13 | €1,320,332 | €1,029,661 | -€290,671 | -22.0% |
| Non-distributable reserves | 130/1 | €8,800 | €8,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,800 | €8,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €343,145 | €312,473 | -€30,671 | -8.9% |
| Distributable reserves | 133 | €968,388 | €708,388 | -€260,000 | -26.8% |
| Profit (loss) carried forward | 14 | €5,514 | -€278,960 | -€284,475 | |
| Provisions and deferred taxes | 16 | €114,382 | €104,158 | -€10,224 | -8.9% |
| Deferred taxes | 168 | €114,382 | €104,158 | -€10,224 | -8.9% |
| Amounts payable | 17/49 | €52,051 | €38,054 | -€13,997 | -26.9% |
| Amounts payable within one year | 42/48 | €39,551 | €36,554 | -€2,997 | -7.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,353 | €31,003 | +€7,650 | +32.8% |
| Suppliers | 440/4 | €23,353 | €31,003 | +€7,650 | +32.8% |
| Taxes, remuneration and social security | 45 | €11,022 | €5,551 | -€5,471 | -49.6% |
| Taxes | 450/3 | €11,022 | €5,551 | -€5,471 | -49.6% |
| Other amounts payable | 47/48 | €5,176 | €0 | -€5,176 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,500 | €1,500 | -€11,000 | -88.0% |
| Non-recurring operating income | 76A | €3,627 | €0 | -€3,627 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,539 | €61,857 | +€2,317 | +3.9% |
| Other operating charges | 640/8 | €7,820 | €7,967 | +€146 | +1.9% |
| Non-recurring operating charges | 66A | €2,070 | €0 | -€2,070 | -100.0% |
| Gross operating margin | 9900 | €18,754 | €343 | -€18,410 | -98.2% |
| Operating profit (loss) | 9901 | -€50,676 | -€69,480 | -€18,804 | -37.1% |
| Financial income | 75/76B | €25,112 | €8,449 | -€16,663 | -66.4% |
| Recurring financial income | 75 | €25,112 | €8,449 | -€16,663 | -66.4% |
| Financial charges | 65/66B | €21,860 | €264,338 | +€242,478 | +1109.2% |
| Recurring financial charges | 65 | €21,860 | €275 | -€21,585 | -98.7% |
| Non-recurring financial charges | 66B | €0 | €264,063 | +€264,063 | |
| Profit (loss) for the period before taxes | 9903 | -€47,425 | -€325,370 | -€277,945 | -586.1% |
| Transfer from deferred taxes | 780 | €10,224 | €10,224 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€37,201 | -€315,146 | -€277,945 | -747.1% |
| Transfer from tax-exempt reserves | 789 | €30,671 | €30,671 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,530 | -€284,475 | -€277,945 | -4256.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.