BHIMSEN: 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.
BHIMSEN
Largest movements
- Receivables after one year -€80,000
no longer reported in 2025 (was €80,000)
- Receivables within one year +€79,504
up €79,504 (+32.3%), from €246,057 to €325,562
of which Other amounts receivable: +€70,004
- Tangible fixed assets +€17,476
up €17,476 (+56.5%), from €30,930 to €48,406
of which Furniture and vehicles: +€10,973
- Trade debts -€43,211
down €43,211 (-68.5%), from €63,090 to €19,879
- Profit (loss) carried forward +€33,490
up €33,490 (+10.9%), from €307,420 to €340,910
- Tax, wage and social debts +€28,899
up €28,899 (+522.2%), from €5,534 to €34,433
of which Taxes: +€16,958
- Gross operating margin +€111,647
up €111,647 (+179.7%), from €62,141 to €173,788
- Staff costs +€53,147
up €53,147 (+76.9%), from €69,146 to €122,293
- Taxes +€12,856
up €12,856 (+4163.1%), from €309 to €13,165
- Financial income +€2,479
up €2,479 (+18.9%), from €13,130 to €15,608
- Depreciation +€2,301
up €2,301 (+15.1%), from €15,284 to €17,586
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 | €399,060 | €419,675 | +€20,615 | +5.2% |
| Fixed assets | 21/28 | €30,930 | €48,406 | +€17,476 | +56.5% |
| Tangible fixed assets | 22/27 | €30,930 | €48,406 | +€17,476 | +56.5% |
| Land and buildings | 22 | - | €5,753 | +€5,753 | |
| Plant, machinery and equipment | 23 | €16,197 | €16,947 | +€750 | +4.6% |
| Furniture and vehicles | 24 | €14,733 | €25,706 | +€10,973 | +74.5% |
| Current assets | 29/58 | €368,130 | €371,269 | +€3,139 | +0.9% |
| Amounts receivable after more than one year | 29 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 291 | €80,000 | - | -€80,000 | |
| Stocks and contracts in progress | 3 | €3,223 | €3,061 | -€162 | -5.0% |
| Stocks | 30/36 | €3,223 | €3,061 | -€162 | -5.0% |
| Amounts receivable within one year | 40/41 | €246,057 | €325,562 | +€79,504 | +32.3% |
| Trade receivables | 40 | - | €9,500 | +€9,500 | |
| Other amounts receivable | 41 | €246,057 | €316,062 | +€70,004 | +28.5% |
| Cash at bank and in hand | 54/58 | €38,850 | €42,647 | +€3,797 | +9.8% |
| Total equity and liabilities | 10/49 | €399,060 | €419,675 | +€20,615 | +5.2% |
| Equity | 10/15 | €326,020 | €359,510 | +€33,490 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,420 | €340,910 | +€33,490 | +10.9% |
| Amounts payable | 17/49 | €73,040 | €60,165 | -€12,875 | -17.6% |
| Amounts payable within one year | 42/48 | €73,040 | €60,165 | -€12,875 | -17.6% |
| Trade debts | 44 | €63,090 | €19,879 | -€43,211 | -68.5% |
| Suppliers | 440/4 | €63,090 | €19,879 | -€43,211 | -68.5% |
| Taxes, remuneration and social security | 45 | €5,534 | €34,433 | +€28,899 | +522.2% |
| Taxes | 450/3 | €309 | €17,266 | +€16,958 | +5491.3% |
| Remuneration and social security | 454/9 | €5,225 | €17,167 | +€11,942 | +228.5% |
| Other amounts payable | 47/48 | €4,416 | €5,852 | +€1,437 | +32.5% |
| Remuneration, social security and pensions | 62 | €69,146 | €122,293 | +€53,147 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,284 | €17,586 | +€2,301 | +15.1% |
| Other operating charges | 640/8 | €2,176 | €2,204 | +€28 | +1.3% |
| Gross operating margin | 9900 | €62,141 | €173,788 | +€111,647 | +179.7% |
| Operating profit (loss) | 9901 | -€24,465 | €31,706 | +€56,171 | |
| Financial income | 75/76B | €13,130 | €15,608 | +€2,479 | +18.9% |
| Recurring financial income | 75 | €13,130 | €15,608 | +€2,479 | +18.9% |
| Financial charges | 65/66B | €570 | €659 | +€89 | +15.6% |
| Recurring financial charges | 65 | €570 | €659 | +€89 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,905 | €46,655 | +€58,560 | |
| Income taxes | 67/77 | €309 | €13,165 | +€12,856 | +4163.1% |
| Profit (loss) for the period | 9904 | -€12,214 | €33,490 | +€45,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,214 | €33,490 | +€45,704 |
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 6 October 2026 via checked.be.