BHM MANAGEMENT: 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.
BHM MANAGEMENT
Largest movements
- Deferred charges and accrued income +€3,365
new in 2025: €3,365
- Receivables within one year +€1,474
up €1,474 (+47.1%), from €3,126 to €4,600
- Cash -€105
down €105 (-74.0%), from €142 to €37
mainly Deferred charges and accrued income (-€3,365) and Other debts (-€2,851)
- Profit (loss) carried forward +€7,825
up €7,825 (+12.7%), from -€61,407 to -€53,582
- Other debts -€2,851
down €2,851 (-5.4%), from €52,752 to €49,901
- Short-term financial debts +€1,280
new in 2025: €1,280
- Tax, wage and social debts -€848
down €848 (-23.5%), from €3,603 to €2,755
of which Taxes: -€848
- Trade debts -€673
down €673 (-15.6%), from €4,320 to €3,647
- Gross operating margin +€15,894
up €15,894, from -€2,352 to €13,543
- Financial charges +€3,327
up €3,327 (+11089.8%), from €30 to €3,357
- Taxes +€1,286
new in 2025: €1,286
- Other operating charges +€388
up €388 (+56.5%), from €687 to €1,075
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 | €3,269 | €8,002 | +€4,733 | +144.8% |
| Current assets | 29/58 | €3,269 | €8,002 | +€4,733 | +144.8% |
| Amounts receivable within one year | 40/41 | €3,126 | €4,600 | +€1,474 | +47.1% |
| Trade receivables | 40 | €3,126 | €4,600 | +€1,474 | +47.1% |
| Cash at bank and in hand | 54/58 | €142 | €37 | -€105 | -74.0% |
| Deferred charges and accrued income | 490/1 | - | €3,365 | +€3,365 | |
| Total equity and liabilities | 10/49 | €3,269 | €8,002 | +€4,733 | +144.8% |
| Equity | 10/15 | -€57,407 | -€49,582 | +€7,825 | +13.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,407 | -€53,582 | +€7,825 | +12.7% |
| Amounts payable | 17/49 | €60,675 | €57,584 | -€3,092 | -5.1% |
| Amounts payable within one year | 42/48 | €60,675 | €57,584 | -€3,092 | -5.1% |
| Financial debts | 43 | - | €1,280 | +€1,280 | |
| Credit institutions | 430/8 | - | €1,280 | +€1,280 | |
| Trade debts | 44 | €4,320 | €3,647 | -€673 | -15.6% |
| Suppliers | 440/4 | €4,320 | €3,647 | -€673 | -15.6% |
| Taxes, remuneration and social security | 45 | €3,603 | €2,755 | -€848 | -23.5% |
| Taxes | 450/3 | €3,603 | €2,755 | -€848 | -23.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,752 | €49,901 | -€2,851 | -5.4% |
| Other operating charges | 640/8 | €687 | €1,075 | +€388 | +56.5% |
| Gross operating margin | 9900 | -€2,352 | €13,543 | +€15,894 | |
| Operating profit (loss) | 9901 | -€3,039 | €12,467 | +€15,506 | |
| Financial charges | 65/66B | €30 | €3,357 | +€3,327 | +11089.8% |
| Recurring financial charges | 65 | €30 | €3,357 | +€3,327 | +11089.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,069 | €9,111 | +€12,179 | |
| Income taxes | 67/77 | - | €1,286 | +€1,286 | |
| Profit (loss) for the period | 9904 | -€3,069 | €7,825 | +€10,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,069 | €7,825 | +€10,893 |
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 7 October 2026 via checked.be.