BHVENTURES: 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.
BHVENTURES
Largest movements
- Tangible fixed assets -€14,778
down €14,778 (-1.9%), from €783,676 to €768,898
of which Land and buildings: -€21,880
- Receivables within one year +€13,518
up €13,518 (+2640.2%), from €512 to €14,030
of which Trade receivables: +€13,940
- Cash +€10,386
up €10,386 (+25.2%), from €41,174 to €51,560
mainly Net result for the year (+€34,548) and Debts after one year (+€29,948)
- Debts after one year +€29,948
up €29,948 (+4.5%), from €664,748 to €694,696
of which Other amounts payable: +€68,800
- Other debts -€14,312
down €14,312 (-24.0%), from €59,549 to €45,237
- Gross operating margin +€11,947
up €11,947 (+12.8%), from €93,240 to €105,187
- Taxes +€7,225
up €7,225 (+309.8%), from €2,332 to €9,557
- Depreciation +€3,568
up €3,568 (+13.9%), from €25,610 to €29,178
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 | €826,292 | €835,944 | +€9,652 | +1.2% |
| Fixed assets | 21/28 | €783,796 | €769,018 | -€14,778 | -1.9% |
| Tangible fixed assets | 22/27 | €783,676 | €768,898 | -€14,778 | -1.9% |
| Land and buildings | 22 | €779,121 | €757,241 | -€21,880 | -2.8% |
| Plant, machinery and equipment | 23 | €2,554 | €1,385 | -€1,169 | -45.8% |
| Furniture and vehicles | 24 | €2,001 | €10,272 | +€8,271 | +413.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €42,496 | €66,926 | +€24,430 | +57.5% |
| Amounts receivable within one year | 40/41 | €512 | €14,030 | +€13,518 | +2640.2% |
| Trade receivables | 40 | - | €13,940 | +€13,940 | |
| Other amounts receivable | 41 | €512 | €90 | -€422 | -82.4% |
| Cash at bank and in hand | 54/58 | €41,174 | €51,560 | +€10,386 | +25.2% |
| Deferred charges and accrued income | 490/1 | €810 | €1,336 | +€526 | +64.9% |
| Total equity and liabilities | 10/49 | €826,292 | €835,944 | +€9,652 | +1.2% |
| Equity | 10/15 | €40,955 | €34,650 | -€6,305 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,902 | €13,902 | = | 0.0% |
| Distributable reserves | 133 | €13,902 | €13,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,853 | €14,548 | -€6,305 | -30.2% |
| Amounts payable | 17/49 | €785,337 | €801,294 | +€15,957 | +2.0% |
| Amounts payable after more than one year | 17 | €664,748 | €694,696 | +€29,948 | +4.5% |
| Financial debts | 170/4 | €604,748 | €565,896 | -€38,852 | -6.4% |
| Other amounts payable | 178/9 | €60,000 | €128,800 | +€68,800 | +114.7% |
| Amounts payable within one year | 42/48 | €119,697 | €102,806 | -€16,891 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €37,756 | €38,923 | +€1,167 | +3.1% |
| Trade debts | 44 | €11,744 | €9,104 | -€2,640 | -22.5% |
| Suppliers | 440/4 | €11,744 | €9,104 | -€2,640 | -22.5% |
| Taxes, remuneration and social security | 45 | €10,648 | €9,542 | -€1,106 | -10.4% |
| Taxes | 450/3 | €10,648 | €9,542 | -€1,106 | -10.4% |
| Other amounts payable | 47/48 | €59,549 | €45,237 | -€14,312 | -24.0% |
| Accrued charges and deferred income | 492/3 | €892 | €3,792 | +€2,900 | +325.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,610 | €29,178 | +€3,568 | +13.9% |
| Other operating charges | 640/8 | €4,058 | €5,036 | +€978 | +24.1% |
| Gross operating margin | 9900 | €93,240 | €105,187 | +€11,947 | +12.8% |
| Operating profit (loss) | 9901 | €63,572 | €70,973 | +€7,401 | +11.6% |
| Financial charges | 65/66B | €27,038 | €26,868 | -€170 | -0.6% |
| Recurring financial charges | 65 | €27,038 | €26,868 | -€170 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €36,534 | €44,105 | +€7,571 | +20.7% |
| Income taxes | 67/77 | €2,332 | €9,557 | +€7,225 | +309.8% |
| Profit (loss) for the period | 9904 | €34,202 | €34,548 | +€346 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,202 | €34,548 | +€346 | +1.0% |
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 4 October 2026 via checked.be.