BMHT: 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.
BMHT
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+41.0%), from €2.5m to €3.6m
- Receivables within one year +€128,602
up €128,602 (+35.4%), from €363,608 to €492,210
of which Other amounts receivable: +€131,000
- Short-term financial debts +€928,652
up €928,652 (+36.4%), from €2.5m to €3.5m
- Other debts +€180,310
up €180,310 (+16.4%), from €1.1m to €1.3m
- Gross operating margin -€14,324
down €14,324 (-74.8%), from €19,154 to €4,829
- Financial charges -€14,187
down €14,187 (-82.4%), from €17,213 to €3,027
- Other operating charges +€416
up €416 (+62.1%), from €670 to €1,086
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 | €4,041,054 | €5,204,828 | +€1.2m | +28.8% |
| Fixed assets | 21/28 | €1,141,481 | €1,141,481 | = | 0.0% |
| Financial fixed assets | 28 | €1,141,481 | €1,141,481 | = | 0.0% |
| Current assets | 29/58 | €2,899,573 | €4,063,347 | +€1.2m | +40.1% |
| Stocks and contracts in progress | 3 | €2,527,601 | €3,563,654 | +€1.0m | +41.0% |
| Stocks | 30/36 | €2,527,601 | €3,563,654 | +€1.0m | +41.0% |
| Amounts receivable within one year | 40/41 | €363,608 | €492,210 | +€128,602 | +35.4% |
| Trade receivables | 40 | €2,398 | - | -€2,398 | |
| Other amounts receivable | 41 | €361,210 | €492,210 | +€131,000 | +36.3% |
| Cash at bank and in hand | 54/58 | €8,363 | €3,483 | -€4,881 | -58.4% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €4,041,054 | €5,204,828 | +€1.2m | +28.8% |
| Equity | 10/15 | €347,649 | €348,174 | +€525 | +0.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,649 | €278,174 | +€525 | +0.2% |
| Amounts payable | 17/49 | €3,693,405 | €4,856,654 | +€1.2m | +31.5% |
| Amounts payable within one year | 42/48 | €3,645,285 | €4,756,934 | +€1.1m | +30.5% |
| Financial debts | 43 | €2,548,348 | €3,477,000 | +€928,652 | +36.4% |
| Credit institutions | 430/8 | €2,548,348 | €3,477,000 | +€928,652 | +36.4% |
| Trade debts | 44 | - | €2,841 | +€2,841 | |
| Suppliers | 440/4 | - | €2,841 | +€2,841 | |
| Taxes, remuneration and social security | 45 | €346 | €191 | -€155 | -44.8% |
| Taxes | 450/3 | €346 | €191 | -€155 | -44.8% |
| Other amounts payable | 47/48 | €1,096,591 | €1,276,901 | +€180,310 | +16.4% |
| Accrued charges and deferred income | 492/3 | €48,120 | €99,720 | +€51,600 | +107.2% |
| Other operating charges | 640/8 | €670 | €1,086 | +€416 | +62.1% |
| Gross operating margin | 9900 | €19,154 | €4,829 | -€14,324 | -74.8% |
| Operating profit (loss) | 9901 | €18,484 | €3,743 | -€14,741 | -79.7% |
| Financial charges | 65/66B | €17,213 | €3,027 | -€14,187 | -82.4% |
| Recurring financial charges | 65 | €17,213 | €3,027 | -€14,187 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €1,271 | €716 | -€554 | -43.6% |
| Income taxes | 67/77 | €346 | €191 | -€155 | -44.8% |
| Profit (loss) for the period | 9904 | €924 | €525 | -€399 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €924 | €525 | -€399 | -43.2% |
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 9 October 2026 via checked.be.