BPH: 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.
BPH
Largest movements
- Receivables within one year -€31,748
down €31,748 (-47.3%), from €67,101 to €35,353
of which Trade receivables: -€28,000
- Cash +€16,339
up €16,339 (+2,114%), from €773 to €17,112
mainly Receivables within one year (+€31,748) and Net result for the year (+€11,575)
- Tangible fixed assets -€10,203
down €10,203 (-4.9%), from €206,728 to €196,525
of which Land and buildings: -€9,136
- Other debts -€30,046
down €30,046 (-55.2%), from €54,409 to €24,364
- Debts after one year -€14,225
down €14,225 (-66.0%), from €21,565 to €7,340
- Reserves +€11,575
up €11,575 (+622%), from €1,860 to €13,435
of which Distributable reserves: +€11,575
- Tax, wage and social debts +€8,707
up €8,707 (+697%), from €1,249 to €9,955
- Taxes +€1,050
up €1,050 (+29.2%), from €3,597 to €4,647
- Financial charges -€625
down €625 (-25.0%), from €2,499 to €1,874
- Gross operating margin -€606
down €606 (-1.8%), from €33,645 to €33,040
- Other operating charges +€413
up €413 (+13.2%), from €3,137 to €3,551
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 | €275,349 | €249,552 | -€25,797 | -9.4% |
| Fixed assets | 21/28 | €206,728 | €196,525 | -€10,203 | -4.9% |
| Tangible fixed assets | 22/27 | €206,728 | €196,525 | -€10,203 | -4.9% |
| Land and buildings | 22 | €199,848 | €190,712 | -€9,136 | -4.6% |
| Plant, machinery and equipment | 23 | €3,549 | €3,125 | -€424 | -12.0% |
| Furniture and vehicles | 24 | €3,331 | €2,689 | -€642 | -19.3% |
| Current assets | 29/58 | €68,621 | €53,027 | -€15,594 | -22.7% |
| Amounts receivable within one year | 40/41 | €67,101 | €35,353 | -€31,748 | -47.3% |
| Trade receivables | 40 | €63,000 | €35,000 | -€28,000 | -44.4% |
| Other amounts receivable | 41 | €4,101 | €353 | -€3,748 | -91.4% |
| Cash at bank and in hand | 54/58 | €773 | €17,112 | +€16,339 | +2,114% |
| Deferred charges and accrued income | 490/1 | €747 | €561 | -€185 | -24.8% |
| Total equity and liabilities | 10/49 | €275,349 | €249,552 | -€25,797 | -9.4% |
| Equity | 10/15 | €179,865 | €191,440 | +€11,575 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €13,435 | +€11,575 | +622% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €11,575 | +€11,575 | |
| Profit (loss) carried forward | 14 | €159,405 | €159,405 | = | 0.0% |
| Amounts payable | 17/49 | €95,484 | €58,113 | -€37,372 | -39.1% |
| Amounts payable after more than one year | 17 | €21,565 | €7,340 | -€14,225 | -66.0% |
| Financial debts | 170/4 | €21,565 | €7,340 | -€14,225 | -66.0% |
| Amounts payable within one year | 42/48 | €72,843 | €49,640 | -€23,203 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €13,634 | €14,225 | +€591 | +4.3% |
| Financial debts | 43 | €2,322 | - | -€2,322 | |
| Credit institutions | 430/8 | €2,322 | - | -€2,322 | |
| Trade debts | 44 | €1,229 | €1,096 | -€133 | -10.8% |
| Suppliers | 440/4 | €1,229 | €1,096 | -€133 | -10.8% |
| Taxes, remuneration and social security | 45 | €1,249 | €9,955 | +€8,707 | +697% |
| Taxes | 450/3 | €1,249 | €9,955 | +€8,707 | +697% |
| Other amounts payable | 47/48 | €54,409 | €24,364 | -€30,046 | -55.2% |
| Accrued charges and deferred income | 492/3 | €1,076 | €1,132 | +€56 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,334 | €11,393 | +€59 | +0.5% |
| Other operating charges | 640/8 | €3,137 | €3,551 | +€413 | +13.2% |
| Gross operating margin | 9900 | €33,645 | €33,040 | -€606 | -1.8% |
| Operating profit (loss) | 9901 | €19,174 | €18,096 | -€1,078 | -5.6% |
| Financial charges | 65/66B | €2,499 | €1,874 | -€625 | -25.0% |
| Recurring financial charges | 65 | €2,499 | €1,874 | -€625 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €16,675 | €16,222 | -€454 | -2.7% |
| Income taxes | 67/77 | €3,597 | €4,647 | +€1,050 | +29.2% |
| Profit (loss) for the period | 9904 | €13,078 | €11,575 | -€1,503 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,078 | €11,575 | -€1,503 | -11.5% |
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 28 October 2026 via checked.be.