BHK DREES: 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.
BHK DREES
Largest movements
- Receivables within one year +€38,797
up €38,797 (+15.7%), from €247,048 to €285,845
of which Trade receivables: +€38,536
- Tangible fixed assets -€30,765
down €30,765 (-10.6%), from €290,347 to €259,582
of which Land and buildings: -€25,071
- Debts after one year -€22,817
down €22,817 (-12.7%), from €180,217 to €157,400
- Other debts +€16,462
up €16,462 (+12.1%), from €136,053 to €152,515
- Tax, wage and social debts +€13,637
up €13,637 (+28.4%), from €47,973 to €61,610
of which Taxes: +€21,652
- Gross operating margin +€64,778
up €64,778 (+20.8%), from €311,302 to €376,080
- Staff costs +€18,197
up €18,197 (+10.8%), from €168,144 to €186,341
- Taxes +€17,579
up €17,579 (+59.0%), from €29,774 to €47,353
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 | €808,622 | €818,640 | +€10,018 | +1.2% |
| Fixed assets | 21/28 | €290,672 | €259,907 | -€30,765 | -10.6% |
| Tangible fixed assets | 22/27 | €290,347 | €259,582 | -€30,765 | -10.6% |
| Land and buildings | 22 | €266,161 | €241,090 | -€25,071 | -9.4% |
| Plant, machinery and equipment | 23 | €16,770 | €14,268 | -€2,502 | -14.9% |
| Furniture and vehicles | 24 | €7,416 | €4,224 | -€3,192 | -43.0% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €517,949 | €558,733 | +€40,783 | +7.9% |
| Amounts receivable within one year | 40/41 | €247,048 | €285,845 | +€38,797 | +15.7% |
| Trade receivables | 40 | €192,184 | €230,721 | +€38,536 | +20.1% |
| Other amounts receivable | 41 | €54,864 | €55,125 | +€261 | +0.5% |
| Cash at bank and in hand | 54/58 | €270,901 | €272,888 | +€1,986 | +0.7% |
| Total equity and liabilities | 10/49 | €808,622 | €818,640 | +€10,018 | +1.2% |
| Equity | 10/15 | €411,859 | €414,714 | +€2,855 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €353,891 | €356,745 | +€2,855 | +0.8% |
| Distributable reserves | 133 | €353,891 | €356,745 | +€2,855 | +0.8% |
| Profit (loss) carried forward | 14 | €45,569 | €45,569 | = | 0.0% |
| Amounts payable | 17/49 | €396,763 | €403,926 | +€7,164 | +1.8% |
| Amounts payable after more than one year | 17 | €180,217 | €157,400 | -€22,817 | -12.7% |
| Financial debts | 170/4 | €180,217 | €157,400 | -€22,817 | -12.7% |
| Amounts payable within one year | 42/48 | €216,546 | €246,526 | +€29,981 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €27,818 | €22,817 | -€5,002 | -18.0% |
| Trade debts | 44 | €4,701 | €9,584 | +€4,883 | +103.9% |
| Suppliers | 440/4 | €4,701 | €9,584 | +€4,883 | +103.9% |
| Taxes, remuneration and social security | 45 | €47,973 | €61,610 | +€13,637 | +28.4% |
| Taxes | 450/3 | €18,673 | €40,325 | +€21,652 | +116.0% |
| Remuneration and social security | 454/9 | €29,300 | €21,286 | -€8,014 | -27.4% |
| Other amounts payable | 47/48 | €136,053 | €152,515 | +€16,462 | +12.1% |
| Remuneration, social security and pensions | 62 | €168,144 | €186,341 | +€18,197 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,485 | €34,365 | -€3,119 | -8.3% |
| Other operating charges | 640/8 | €3,925 | €3,463 | -€463 | -11.8% |
| Gross operating margin | 9900 | €311,302 | €376,080 | +€64,778 | +20.8% |
| Operating profit (loss) | 9901 | €101,748 | €151,911 | +€50,163 | +49.3% |
| Financial income | 75/76B | €607 | €1,785 | +€1,177 | +193.9% |
| Recurring financial income | 75 | €607 | €1,785 | +€1,177 | +193.9% |
| Financial charges | 65/66B | €7,845 | €7,535 | -€310 | -4.0% |
| Recurring financial charges | 65 | €7,845 | €7,535 | -€310 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €94,510 | €146,161 | +€51,651 | +54.7% |
| Income taxes | 67/77 | €29,774 | €47,353 | +€17,579 | +59.0% |
| Profit (loss) for the period | 9904 | €64,736 | €98,807 | +€34,072 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,736 | €98,807 | +€34,072 | +52.6% |
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.