BHM SUD: 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.
BHM SUD
Largest movements
- Cash +€64,498
up €64,498 (+298%), from €21,675 to €86,173
mainly Receivables within one year (+€56,317) and Depreciation (+€44,220)
- Receivables within one year -€56,317
down €56,317 (-47.5%), from €118,500 to €62,183
of which Trade receivables: -€70,763
- Tangible fixed assets -€15,598
down €15,598 (-2.4%), from €656,225 to €640,627
of which Land and buildings: -€22,065
- Trade debts -€31,497
down €31,497 (-28.1%), from €111,980 to €80,483
- Profit (loss) carried forward +€21,988
up €21,988 (+35.9%), from -€61,292 to -€39,304
- Current portion of long-term debt +€20,968
up €20,968 (+128%), from €16,391 to €37,359
- Tax, wage and social debts -€19,728
down €19,728 (-24.7%), from €79,864 to €60,136
of which Taxes: -€21,914
- Gross operating margin +€78,789
up €78,789 (+29.7%), from €265,166 to €343,955
- Staff costs +€36,201
up €36,201 (+21.9%), from €164,979 to €201,180
- Other operating charges +€17,275
up €17,275 (+308%), from €5,601 to €22,876
- Taxes -€12,508
down €12,508 (-29.1%), from €43,009 to €30,501
- Depreciation +€12,283
up €12,283 (+38.5%), from €31,937 to €44,220
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €823,635 | €815,530 | -€8,105 | -1.0% |
| Fixed assets | 21/28 | €656,225 | €640,627 | -€15,598 | -2.4% |
| Tangible fixed assets | 22/27 | €656,225 | €640,627 | -€15,598 | -2.4% |
| Land and buildings | 22 | €578,367 | €556,302 | -€22,065 | -3.8% |
| Plant, machinery and equipment | 23 | €31,635 | €29,167 | -€2,468 | -7.8% |
| Furniture and vehicles | 24 | €30,345 | €23,400 | -€6,945 | -22.9% |
| Other tangible fixed assets | 26 | €8,240 | €4,120 | -€4,120 | -50.0% |
| Assets under construction and advance payments | 27 | €7,638 | €27,638 | +€20,000 | +262% |
| Current assets | 29/58 | €167,410 | €174,904 | +€7,494 | +4.5% |
| Stocks and contracts in progress | 3 | €27,000 | €25,085 | -€1,915 | -7.1% |
| Stocks | 30/36 | €27,000 | €25,085 | -€1,915 | -7.1% |
| Amounts receivable within one year | 40/41 | €118,500 | €62,183 | -€56,317 | -47.5% |
| Trade receivables | 40 | €105,773 | €35,010 | -€70,763 | -66.9% |
| Other amounts receivable | 41 | €12,727 | €27,173 | +€14,446 | +114% |
| Cash at bank and in hand | 54/58 | €21,675 | €86,173 | +€64,498 | +298% |
| Deferred charges and accrued income | 490/1 | €235 | €1,463 | +€1,228 | +523% |
| Total equity and liabilities | 10/49 | €823,635 | €815,530 | -€8,105 | -1.0% |
| Equity | 10/15 | €436,245 | €458,234 | +€21,989 | +5.0% |
| Contributions | 10/11 | €31,250 | €31,250 | = | 0.0% |
| Revaluation surpluses | 12 | €443,717 | €443,717 | +€0 | 0.0% |
| Reserves | 13 | €22,570 | €22,570 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,991 | €1,991 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,991 | €1,991 | = | 0.0% |
| Distributable reserves | 133 | €20,579 | €20,579 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€61,292 | -€39,304 | +€21,988 | +35.9% |
| Amounts payable | 17/49 | €387,390 | €357,297 | -€30,093 | -7.8% |
| Amounts payable after more than one year | 17 | €172,055 | €171,697 | -€358 | -0.2% |
| Financial debts | 170/4 | €172,055 | €171,697 | -€358 | -0.2% |
| Amounts payable within one year | 42/48 | €214,178 | €184,443 | -€29,735 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €16,391 | €37,359 | +€20,968 | +128% |
| Financial debts | 43 | - | €523 | +€523 | |
| Credit institutions | 430/8 | - | €523 | +€523 | |
| Trade debts | 44 | €111,980 | €80,483 | -€31,497 | -28.1% |
| Suppliers | 440/4 | €111,980 | €80,483 | -€31,497 | -28.1% |
| Taxes, remuneration and social security | 45 | €79,864 | €60,136 | -€19,728 | -24.7% |
| Taxes | 450/3 | €59,730 | €37,816 | -€21,914 | -36.7% |
| Remuneration and social security | 454/9 | €20,134 | €22,319 | +€2,185 | +10.9% |
| Other amounts payable | 47/48 | €5,943 | €5,943 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,157 | €1,157 | +€0 | 0.0% |
| Non-recurring operating income | 76A | €10,315 | - | -€10,315 | |
| Remuneration, social security and pensions | 62 | €164,979 | €201,180 | +€36,201 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,937 | €44,220 | +€12,283 | +38.5% |
| Other operating charges | 640/8 | €5,601 | €22,876 | +€17,275 | +308% |
| Operating charges capitalised as restructuring costs | 649 | - | -€99 | -€99 | |
| Gross operating margin | 9900 | €265,166 | €343,955 | +€78,789 | +29.7% |
| Operating profit (loss) | 9901 | €62,649 | €75,778 | +€13,129 | +21.0% |
| Financial income | 75/76B | €3 | €227 | +€224 | +7,464% |
| Recurring financial income | 75 | €3 | €227 | +€224 | +7,464% |
| Financial charges | 65/66B | €14,814 | €23,516 | +€8,702 | +58.7% |
| Recurring financial charges | 65 | €14,814 | €23,516 | +€8,702 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €47,838 | €52,490 | +€4,652 | +9.7% |
| Income taxes | 67/77 | €43,009 | €30,501 | -€12,508 | -29.1% |
| Profit (loss) for the period | 9904 | €4,829 | €21,988 | +€17,159 | +355% |
| Profit (loss) for the period to be appropriated | 9905 | €4,829 | €21,988 | +€17,159 | +355% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.