BHS RENOV: 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.
BHS RENOV
Largest movements
- Cash +€33,373
new in 2025: €33,373
mainly Advances received (+€32,111) and Net result for the year (+€10,606)
- Receivables within one year -€1,686
down €1,686 (-3.7%), from €46,004 to €44,318
of which Trade receivables: -€2,952
- Advances received +€32,111
new in 2025: €32,111
- Other debts -€16,026
no longer reported in 2025 (was €16,026)
- Profit (loss) carried forward +€10,606
up €10,606 (+57.9%), from €18,332 to €28,938
- Tax, wage and social debts +€3,619
up €3,619 (+41.9%), from €8,646 to €12,265
- Trade debts +€1,377
new in 2025: €1,377
- Gross operating margin -€10,747
down €10,747 (-43.6%), from €24,622 to €13,875
- Taxes -€3,153
down €3,153 (-50.8%), from €6,205 to €3,052
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.
Derived cash bridge
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 | €46,004 | €77,691 | +€31,687 | +68.9% |
| Current assets | 29/58 | €46,004 | €77,691 | +€31,687 | +68.9% |
| Amounts receivable within one year | 40/41 | €46,004 | €44,318 | -€1,686 | -3.7% |
| Trade receivables | 40 | €40,350 | €37,399 | -€2,952 | -7.3% |
| Other amounts receivable | 41 | €5,654 | €6,919 | +€1,265 | +22.4% |
| Cash at bank and in hand | 54/58 | - | €33,373 | +€33,373 | |
| Total equity and liabilities | 10/49 | €46,004 | €77,691 | +€31,687 | +68.9% |
| Equity | 10/15 | €21,332 | €31,938 | +€10,606 | +49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,332 | €28,938 | +€10,606 | +57.9% |
| Amounts payable | 17/49 | €24,672 | €45,754 | +€21,081 | +85.4% |
| Amounts payable within one year | 42/48 | €24,672 | €45,754 | +€21,081 | +85.4% |
| Trade debts | 44 | - | €1,377 | +€1,377 | |
| Suppliers | 440/4 | - | €1,377 | +€1,377 | |
| Advances received on contracts in progress | 46 | - | €32,111 | +€32,111 | |
| Taxes, remuneration and social security | 45 | €8,646 | €12,265 | +€3,619 | +41.9% |
| Taxes | 450/3 | €8,646 | €12,265 | +€3,619 | +41.9% |
| Other amounts payable | 47/48 | €16,026 | - | -€16,026 | |
| Other operating charges | 640/8 | €85 | €148 | +€63 | +74.6% |
| Gross operating margin | 9900 | €24,622 | €13,875 | -€10,747 | -43.6% |
| Operating profit (loss) | 9901 | €24,537 | €13,727 | -€10,810 | -44.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €69 | +€69 | |
| Recurring financial charges | 65 | - | €69 | +€69 | |
| Profit (loss) for the period before taxes | 9903 | €24,537 | €13,658 | -€10,879 | -44.3% |
| Income taxes | 67/77 | €6,205 | €3,052 | -€3,153 | -50.8% |
| Profit (loss) for the period | 9904 | €18,332 | €10,606 | -€7,726 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,332 | €10,606 | -€7,726 | -42.1% |
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 14 October 2026 via checked.be.