BHS GROUP IMMOBILIER: what changed
BHS GROUP IMMOBILIER
Largest movements
- Stocks and contracts +€143,765
new in 2025: €143,765
- Receivables within one year +€43,054
up €43,054 (+44.4%), from €96,931 to €139,985
of which Trade receivables: +€48,234
- Tangible fixed assets -€27,067
down €27,067 (-36.2%), from €74,699 to €47,632
of which Land and buildings: -€25,480
- Cash -€15,693
down €15,693 (-18.9%), from €82,979 to €67,286
mainly Stocks and contracts (-€143,765) and Contributions, distributions and other (-€90,000)
- Trade debts +€58,774
up €58,774 (+75.7%), from €77,641 to €136,415
- Tax, wage and social debts +€41,756
up €41,756 (+93.9%), from €44,481 to €86,238
of which Taxes: +€34,616
- Other debts +€23,200
up €23,200 (+29.2%), from €79,500 to €102,700
- Debts after one year +€9,599
up €9,599 (+26.1%), from €36,802 to €46,402
- Current portion of long-term debt +€6,891
up €6,891 (+84.7%), from €8,136 to €15,027
- Gross operating margin +€109,282
up €109,282 (+70.1%), from €155,995 to €265,277
- Staff costs +€76,105
up €76,105 (+165%), from €46,150 to €122,255
- Taxes +€6,355
up €6,355 (+22.1%), from €28,794 to €35,149
- Financial charges +€3,663
up €3,663 (+124%), from €2,960 to €6,623
of which Financial charges: +€3,641
- Other operating charges -€3,654
down €3,654 (-40.1%), from €9,120 to €5,466
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,545 | €399,279 | +€142,734 | +55.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €76,636 | €48,244 | -€28,392 | -37.0% |
| Intangible fixed assets | 21 | €1,666 | €341 | -€1,325 | -79.5% |
| Tangible fixed assets | 22/27 | €74,699 | €47,632 | -€27,067 | -36.2% |
| Land and buildings | 22 | €61,878 | €36,398 | -€25,480 | -41.2% |
| Plant, machinery and equipment | 23 | €2,308 | €653 | -€1,655 | -71.7% |
| Furniture and vehicles | 24 | €9,257 | €9,638 | +€382 | +4.1% |
| Other tangible fixed assets | 26 | €1,256 | €942 | -€314 | -25.0% |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €179,910 | €351,036 | +€171,126 | +95.1% |
| Stocks and contracts in progress | 3 | - | €143,765 | +€143,765 | |
| Stocks | 30/36 | - | €143,765 | +€143,765 | |
| Amounts receivable within one year | 40/41 | €96,931 | €139,985 | +€43,054 | +44.4% |
| Trade receivables | 40 | €80,834 | €129,069 | +€48,234 | +59.7% |
| Other amounts receivable | 41 | €16,097 | €10,917 | -€5,180 | -32.2% |
| Cash at bank and in hand | 54/58 | €82,979 | €67,286 | -€15,693 | -18.9% |
| Total equity and liabilities | 10/49 | €256,545 | €399,279 | +€142,734 | +55.6% |
| Equity | 10/15 | €7,984 | €6,144 | -€1,841 | -23.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,984 | €3,144 | -€1,841 | -36.9% |
| Amounts payable | 17/49 | €248,561 | €393,136 | +€144,575 | +58.2% |
| Amounts payable after more than one year | 17 | €36,802 | €46,402 | +€9,599 | +26.1% |
| Financial debts | 170/4 | €36,802 | €46,402 | +€9,599 | +26.1% |
| Amounts payable within one year | 42/48 | €211,759 | €346,130 | +€134,371 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €8,136 | €15,027 | +€6,891 | +84.7% |
| Trade debts | 44 | €77,641 | €136,415 | +€58,774 | +75.7% |
| Suppliers | 440/4 | €77,641 | €136,415 | +€58,774 | +75.7% |
| Advances received on contracts in progress | 46 | €2,000 | €5,750 | +€3,750 | +188% |
| Taxes, remuneration and social security | 45 | €44,481 | €86,238 | +€41,756 | +93.9% |
| Taxes | 450/3 | €40,002 | €74,618 | +€34,616 | +86.5% |
| Remuneration and social security | 454/9 | €4,480 | €11,620 | +€7,140 | +159% |
| Other amounts payable | 47/48 | €79,500 | €102,700 | +€23,200 | +29.2% |
| Accrued charges and deferred income | 492/3 | - | €604 | +€604 | |
| Non-recurring operating income | 76A | €10 | €0 | -€10 | -99.9% |
| Remuneration, social security and pensions | 62 | €46,150 | €122,255 | +€76,105 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,923 | €7,665 | +€1,742 | +29.4% |
| Other operating charges | 640/8 | €9,120 | €5,466 | -€3,654 | -40.1% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €155,995 | €265,277 | +€109,282 | +70.1% |
| Operating profit (loss) | 9901 | €94,803 | €129,885 | +€35,082 | +37.0% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €2,960 | €6,623 | +€3,663 | +124% |
| Recurring financial charges | 65 | €2,956 | €6,597 | +€3,641 | +123% |
| Non-recurring financial charges | 66B | €4 | €26 | +€22 | +538% |
| Profit (loss) for the period before taxes | 9903 | €91,843 | €123,308 | +€31,465 | +34.3% |
| Income taxes | 67/77 | €28,794 | €35,149 | +€6,355 | +22.1% |
| Profit (loss) for the period | 9904 | €63,049 | €88,159 | +€25,110 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,049 | €88,159 | +€25,110 | +39.8% |
Next steps
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 7 November 2026 via checked.be.