BS HOLDING: 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.
BS HOLDING
Largest movements
- Cash +€25,866
up €25,866 (+1201.4%), from €2,153 to €28,019
mainly Net result for the year (+€156,064) and Other debts (+€23,130)
- Other debts +€23,130
new in 2025: €23,130
- Profit (loss) carried forward +€1,861
up €1,861 (+1.3%), from €147,296 to €149,157
- Financial income -€97,187
down €97,187 (-38.0%), from €255,537 to €158,349
of which Non-recurring financial income: -€95,674
- Purchases and services +€1,549
new in 2025: €1,549
- Gross operating margin +€326
up €326 (+17.4%), from -€1,874 to -€1,549
- Depreciation -€88
down €88 (-33.3%), from €263 to €176
- Other operating charges +€78
up €78 (+20.2%), from €387 to €465
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 | €153,296 | €178,990 | +€25,693 | +16.8% |
| Formation expenses | 20 | €176 | €0 | -€176 | -100.0% |
| Fixed assets | 21/28 | €149,010 | €149,010 | = | 0.0% |
| Financial fixed assets | 28 | €149,010 | €149,010 | = | 0.0% |
| Current assets | 29/58 | €4,110 | €29,979 | +€25,869 | +629.4% |
| Amounts receivable within one year | 40/41 | €457 | €461 | +€3 | +0.7% |
| Other amounts receivable | 41 | €457 | €461 | +€3 | +0.7% |
| Current investments | 50/53 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,153 | €28,019 | +€25,866 | +1201.4% |
| Total equity and liabilities | 10/49 | €153,296 | €178,990 | +€25,693 | +16.8% |
| Equity | 10/15 | €153,296 | €155,158 | +€1,861 | +1.2% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,500 | +€1,500 | |
| Own shares acquired | 1312 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €147,296 | €149,157 | +€1,861 | +1.3% |
| Amounts payable | 17/49 | - | €23,832 | +€23,832 | |
| Amounts payable within one year | 42/48 | - | €23,832 | +€23,832 | |
| Trade debts | 44 | - | €702 | +€702 | |
| Suppliers | 440/4 | - | €702 | +€702 | |
| Other amounts payable | 47/48 | - | €23,130 | +€23,130 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,549 | +€1,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €176 | -€88 | -33.3% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | -€1,874 | -€1,549 | +€326 | +17.4% |
| Operating profit (loss) | 9901 | -€2,525 | -€2,190 | +€335 | +13.3% |
| Financial income | 75/76B | €255,537 | €158,349 | -€97,187 | -38.0% |
| Recurring financial income | 75 | €1,525 | €11 | -€1,513 | -99.3% |
| Non-recurring financial income | 76B | €254,012 | €158,338 | -€95,674 | -37.7% |
| Financial charges | 65/66B | €56 | €96 | +€40 | +70.8% |
| Recurring financial charges | 65 | €56 | €96 | +€40 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €252,955 | €156,064 | -€96,892 | -38.3% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €252,955 | €156,064 | -€96,892 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €252,955 | €156,064 | -€96,892 | -38.3% |
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 3 October 2026 via checked.be.