BHN'VEST: what changed
What changed
BHN'VEST
filed annual accounts (NBB)
Net result for the year
€46,116
2024 · €38,658+€7,458
Equity
€8.7m
2024 · €8.8m-€61,269
Cash
€17,007
2024 · €18,646-€1,639
Balance sheet total
€9.3m
2024 · €9.3m-€2,570
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€6,357
down €6,357 (-22.2%), from €28,582 to €22,224
- Gross operating margin +€5,441
up €5,441 (+5.4%), from €101,550 to €106,991
- Taxes +€3,537
up €3,537 (+18.9%), from €18,693 to €22,230
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,658
Gross operating margin
+€5,441
Other operating charges
-€802
Financial income
-€2
Financial charges
+€6,357
Taxes
-€3,537
Result 2025
€46,116
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,746
Investment
€0
Financing
-€107,385
Cash 2024
€18,646
From operations (derived)
+€105,746
Net result for the year
+€46,116
Depreciation
+€140
Receivables within one year
+€981
Deferred charges and accrued income
-€190
Tax, wage and social debts
+€2,207
Other debts
+€62,808
Accrued charges and deferred income
-€6,316
Financing
-€107,385
Contributions, distributions and other
-€107,385
Cash 2025
€17,007
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,283,977 | €9,281,407 | -€2,570 | 0.0% |
| Fixed assets | 21/28 | €9,261,584 | €9,261,444 | -€140 | 0.0% |
| Tangible fixed assets | 22/27 | €9,261,584 | €9,261,444 | -€140 | 0.0% |
| Land and buildings | 22 | €9,261,584 | €9,261,444 | -€140 | 0.0% |
| Current assets | 29/58 | €22,393 | €19,963 | -€2,430 | -10.9% |
| Amounts receivable within one year | 40/41 | €2,312 | €1,331 | -€981 | -42.4% |
| Other amounts receivable | 41 | €2,312 | €1,331 | -€981 | -42.4% |
| Cash at bank and in hand | 54/58 | €18,646 | €17,007 | -€1,639 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1,435 | €1,625 | +€190 | +13.2% |
| Total equity and liabilities | 10/49 | €9,283,977 | €9,281,407 | -€2,570 | 0.0% |
| Equity | 10/15 | €8,780,142 | €8,718,873 | -€61,269 | -0.7% |
| Contributions | 10/11 | €8,358,141 | €8,358,141 | = | 0.0% |
| Reserves | 13 | €422,001 | €360,732 | -€61,269 | -14.5% |
| Distributable reserves | 133 | €422,001 | €360,732 | -€61,269 | -14.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €503,835 | €562,534 | +€58,699 | +11.7% |
| Amounts payable within one year | 42/48 | €475,328 | €540,342 | +€65,014 | +13.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €2,207 | +€2,207 | |
| Taxes | 450/3 | - | €2,207 | +€2,207 | |
| Other amounts payable | 47/48 | €475,328 | €538,136 | +€62,808 | +13.2% |
| Accrued charges and deferred income | 492/3 | €28,507 | €22,192 | -€6,316 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140 | €140 | = | 0.0% |
| Other operating charges | 640/8 | €15,557 | €16,359 | +€802 | +5.2% |
| Gross operating margin | 9900 | €101,550 | €106,991 | +€5,441 | +5.4% |
| Operating profit (loss) | 9901 | €85,853 | €90,492 | +€4,639 | +5.4% |
| Financial income | 75/76B | €80 | €78 | -€2 | -2.7% |
| Recurring financial income | 75 | €80 | €78 | -€2 | -2.7% |
| Financial charges | 65/66B | €28,582 | €22,224 | -€6,357 | -22.2% |
| Recurring financial charges | 65 | €28,582 | €22,224 | -€6,357 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €57,352 | €68,346 | +€10,995 | +19.2% |
| Income taxes | 67/77 | €18,693 | €22,230 | +€3,537 | +18.9% |
| Profit (loss) for the period | 9904 | €38,658 | €46,116 | +€7,458 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,658 | €46,116 | +€7,458 | +19.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.