Birchas Hashem: 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.
Birchas Hashem
Largest movements
- Cash +€31,672
up €31,672 (+275%), from €11,528 to €43,200
mainly Trade debts (+€36,959) and Receivables within one year (+€13,513)
- Receivables within one year -€13,513
down €13,513 (-13.7%), from €98,584 to €85,071
of which Trade receivables: -€13,212
- Stocks and contracts +€7,501
up €7,501 (+15.0%), from €50,050 to €57,550
- Deferred charges and accrued income -€1,886
no longer reported in 2025 (was €1,886)
- Trade debts +€36,959
up €36,959 (+52.9%), from €69,927 to €106,887
- Other debts -€11,113
down €11,113 (-80.3%), from €13,840 to €2,728
- Tax, wage and social debts -€3,127
down €3,127 (-13.8%), from €22,722 to €19,596
of which Taxes: -€11,968
- Profit (loss) carried forward +€1,985
up €1,985 (+3.9%), from €50,590 to €52,574
- Gross operating margin -€46,379
down €46,379 (-44.0%), from €105,316 to €58,937
- Taxes -€11,983
down €11,983 (-95.5%), from €12,547 to €565
- Staff costs +€11,872
up €11,872 (+34.4%), from €34,519 to €46,390
- Financial charges +€1,821
up €1,821 (+30.2%), from €6,035 to €7,856
- Other operating charges +€1,648
up €1,648 (+453%), from €363 to €2,011
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 | €162,079 | €186,824 | +€24,745 | +15.3% |
| Formation expenses | 20 | €32 | €0 | -€32 | -100% |
| Fixed assets | 21/28 | - | €1,003 | +€1,003 | |
| Tangible fixed assets | 22/27 | - | €1,003 | +€1,003 | |
| Plant, machinery and equipment | 23 | - | €1,003 | +€1,003 | |
| Current assets | 29/58 | €162,047 | €185,821 | +€23,773 | +14.7% |
| Stocks and contracts in progress | 3 | €50,050 | €57,550 | +€7,501 | +15.0% |
| Stocks | 30/36 | €50,050 | €57,550 | +€7,501 | +15.0% |
| Amounts receivable within one year | 40/41 | €98,584 | €85,071 | -€13,513 | -13.7% |
| Trade receivables | 40 | €94,444 | €81,232 | -€13,212 | -14.0% |
| Other amounts receivable | 41 | €4,140 | €3,839 | -€301 | -7.3% |
| Cash at bank and in hand | 54/58 | €11,528 | €43,200 | +€31,672 | +275% |
| Deferred charges and accrued income | 490/1 | €1,886 | - | -€1,886 | |
| Total equity and liabilities | 10/49 | €162,079 | €186,824 | +€24,745 | +15.3% |
| Equity | 10/15 | €55,590 | €57,574 | +€1,985 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,590 | €52,574 | +€1,985 | +3.9% |
| Amounts payable | 17/49 | €106,490 | €129,249 | +€22,760 | +21.4% |
| Amounts payable within one year | 42/48 | €106,490 | €129,249 | +€22,760 | +21.4% |
| Financial debts | 43 | - | €40 | +€40 | |
| Credit institutions | 430/8 | - | €40 | +€40 | |
| Trade debts | 44 | €69,927 | €106,887 | +€36,959 | +52.9% |
| Suppliers | 440/4 | €69,927 | €106,887 | +€36,959 | +52.9% |
| Taxes, remuneration and social security | 45 | €22,722 | €19,596 | -€3,127 | -13.8% |
| Taxes | 450/3 | €12,547 | €579 | -€11,968 | -95.4% |
| Remuneration and social security | 454/9 | €10,175 | €19,016 | +€8,842 | +86.9% |
| Other amounts payable | 47/48 | €13,840 | €2,728 | -€11,113 | -80.3% |
| Remuneration, social security and pensions | 62 | €34,519 | €46,390 | +€11,872 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €293 | -€971 | -76.8% |
| Other operating charges | 640/8 | €363 | €2,011 | +€1,648 | +453% |
| Gross operating margin | 9900 | €105,316 | €58,937 | -€46,379 | -44.0% |
| Operating profit (loss) | 9901 | €69,170 | €10,243 | -€58,927 | -85.2% |
| Financial income | 75/76B | €2 | €163 | +€161 | +7,646% |
| Recurring financial income | 75 | €2 | €163 | +€161 | +7,646% |
| Financial charges | 65/66B | €6,035 | €7,856 | +€1,821 | +30.2% |
| Recurring financial charges | 65 | €6,035 | €7,856 | +€1,821 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €63,137 | €2,549 | -€60,588 | -96.0% |
| Income taxes | 67/77 | €12,547 | €565 | -€11,983 | -95.5% |
| Profit (loss) for the period | 9904 | €50,590 | €1,985 | -€48,605 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,590 | €1,985 | -€48,605 | -96.1% |
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 17 October 2026 via checked.be.