BHSI SERVICES: 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.
BHSI SERVICES
Largest movements
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Cash +€42,286
up €42,286 (+87.5%), from €48,347 to €90,633
mainly Net result for the year (+€221,851) and Depreciation (+€23,448)
- Financial fixed assets +€27,540
up €27,540 (+5.8%), from €475,808 to €503,349
- Tangible fixed assets -€23,448
down €23,448 (-9.1%), from €258,664 to €235,216
- Receivables within one year +€21,441
up €21,441 (+13.1%), from €164,048 to €185,489
of which Other amounts receivable: +€13,924
- Reserves +€131,444
up €131,444 (+12.7%), from €1.0m to €1.2m
of which Distributable reserves: +€140,000
- Gross operating margin -€80,864
down €80,864 (-19.6%), from €411,733 to €330,869
- Taxes -€24,512
down €24,512 (-18.5%), from €132,557 to €108,045
- Financial income +€5,396
up €5,396 (+27.3%), from €19,758 to €25,154
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 | €1,210,793 | €1,326,370 | +€115,577 | +9.5% |
| Fixed assets | 21/28 | €734,472 | €738,565 | +€4,092 | +0.6% |
| Tangible fixed assets | 22/27 | €258,664 | €235,216 | -€23,448 | -9.1% |
| Land and buildings | 22 | €258,664 | €235,216 | -€23,448 | -9.1% |
| Financial fixed assets | 28 | €475,808 | €503,349 | +€27,540 | +5.8% |
| Current assets | 29/58 | €476,320 | €587,806 | +€111,485 | +23.4% |
| Amounts receivable within one year | 40/41 | €164,048 | €185,489 | +€21,441 | +13.1% |
| Trade receivables | 40 | €28,858 | €36,375 | +€7,517 | +26.0% |
| Other amounts receivable | 41 | €135,190 | €149,114 | +€13,924 | +10.3% |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €48,347 | €90,633 | +€42,286 | +87.5% |
| Deferred charges and accrued income | 490/1 | €13,925 | €11,684 | -€2,242 | -16.1% |
| Total equity and liabilities | 10/49 | €1,210,793 | €1,326,370 | +€115,577 | +9.5% |
| Equity | 10/15 | €1,041,107 | €1,172,958 | +€131,851 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,032,529 | €1,163,973 | +€131,444 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,669 | €17,113 | -€8,556 | -33.3% |
| Distributable reserves | 133 | €1,005,000 | €1,145,000 | +€140,000 | +13.9% |
| Profit (loss) carried forward | 14 | €2,378 | €2,785 | +€407 | +17.1% |
| Provisions and deferred taxes | 16 | €13,199 | €8,794 | -€4,406 | -33.4% |
| Deferred taxes | 168 | €13,199 | €8,794 | -€4,406 | -33.4% |
| Amounts payable | 17/49 | €156,486 | €144,619 | -€11,867 | -7.6% |
| Amounts payable within one year | 42/48 | €155,144 | €141,991 | -€13,153 | -8.5% |
| Trade debts | 44 | €40 | €143 | +€103 | +258.7% |
| Suppliers | 440/4 | €40 | €143 | +€103 | +258.7% |
| Taxes, remuneration and social security | 45 | €55,105 | €51,849 | -€3,256 | -5.9% |
| Taxes | 450/3 | €55,105 | €51,849 | -€3,256 | -5.9% |
| Other amounts payable | 47/48 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Accrued charges and deferred income | 492/3 | €1,342 | €2,628 | +€1,286 | +95.8% |
| Remuneration, social security and pensions | 62 | €222 | €279 | +€56 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,448 | €23,448 | = | 0.0% |
| Other operating charges | 640/8 | €6,453 | €5,935 | -€517 | -8.0% |
| Gross operating margin | 9900 | €411,733 | €330,869 | -€80,864 | -19.6% |
| Operating profit (loss) | 9901 | €381,610 | €301,207 | -€80,403 | -21.1% |
| Financial income | 75/76B | €19,758 | €25,154 | +€5,396 | +27.3% |
| Recurring financial income | 75 | €19,758 | €25,154 | +€5,396 | +27.3% |
| Financial charges | 65/66B | €949 | €870 | -€79 | -8.3% |
| Recurring financial charges | 65 | €949 | €870 | -€79 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €400,418 | €325,490 | -€74,928 | -18.7% |
| Transfer from deferred taxes | 780 | €4,408 | €4,406 | -€2 | 0.0% |
| Income taxes | 67/77 | €132,557 | €108,045 | -€24,512 | -18.5% |
| Profit (loss) for the period | 9904 | €272,269 | €221,851 | -€50,418 | -18.5% |
| Transfer from tax-exempt reserves | 789 | €8,556 | €8,556 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €280,825 | €230,407 | -€50,418 | -18.0% |
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.