BZH Consult: 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.
BZH Consult
Largest movements
- Receivables within one year -€35,112
down €35,112 (-35.1%), from €99,937 to €64,825
of which Other amounts receivable: -€21,199
- Stocks and contracts +€30,000
up €30,000 (+100.0%), from €30,000 to €60,000
- Tangible fixed assets -€8,012
down €8,012 (-1.7%), from €470,198 to €462,187
- Cash +€7,471
up €7,471 (+10.7%), from €69,549 to €77,020
mainly Net result for the year (+€39,437) and Receivables within one year (+€35,112)
- Debts after one year -€41,494
down €41,494 (-18.8%), from €220,867 to €179,373
- Reserves +€39,437
up €39,437 (+23.8%), from €165,668 to €205,105
of which Distributable reserves: +€41,047
- Other debts -€15,960
down €15,960 (-7.3%), from €217,255 to €201,295
- Current portion of long-term debt +€11,270
up €11,270 (+68.9%), from €16,361 to €27,631
- Trade debts +€7,550
up €7,550 (+99.3%), from €7,603 to €15,153
- Gross operating margin +€7,876
up €7,876 (+8.9%), from €88,522 to €96,398
- Financial charges +€2,598
up €2,598 (+44.9%), from €5,787 to €8,386
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 | €670,084 | €664,431 | -€5,653 | -0.8% |
| Fixed assets | 21/28 | €470,598 | €462,587 | -€8,012 | -1.7% |
| Tangible fixed assets | 22/27 | €470,198 | €462,187 | -€8,012 | -1.7% |
| Land and buildings | 22 | €470,198 | €462,187 | -€8,012 | -1.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €199,486 | €201,845 | +€2,359 | +1.2% |
| Stocks and contracts in progress | 3 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Contracts in progress | 37 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Amounts receivable within one year | 40/41 | €99,937 | €64,825 | -€35,112 | -35.1% |
| Trade receivables | 40 | €66,459 | €52,546 | -€13,913 | -20.9% |
| Other amounts receivable | 41 | €33,478 | €12,279 | -€21,199 | -63.3% |
| Cash at bank and in hand | 54/58 | €69,549 | €77,020 | +€7,471 | +10.7% |
| Total equity and liabilities | 10/49 | €670,084 | €664,431 | -€5,653 | -0.8% |
| Equity | 10/15 | €181,488 | €220,925 | +€39,437 | +21.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,668 | €205,105 | +€39,437 | +23.8% |
| Tax-exempt reserves | 132 | €37,664 | €36,054 | -€1,610 | -4.3% |
| Distributable reserves | 133 | €128,004 | €169,051 | +€41,047 | +32.1% |
| Profit (loss) carried forward | 14 | €3,420 | €3,420 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,142 | €15,452 | -€690 | -4.3% |
| Deferred taxes | 168 | €16,142 | €15,452 | -€690 | -4.3% |
| Amounts payable | 17/49 | €472,455 | €428,055 | -€44,400 | -9.4% |
| Amounts payable after more than one year | 17 | €220,867 | €179,373 | -€41,494 | -18.8% |
| Financial debts | 170/4 | €220,867 | €179,373 | -€41,494 | -18.8% |
| Amounts payable within one year | 42/48 | €251,588 | €248,683 | -€2,905 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €16,361 | €27,631 | +€11,270 | +68.9% |
| Trade debts | 44 | €7,603 | €15,153 | +€7,550 | +99.3% |
| Suppliers | 440/4 | €7,603 | €15,153 | +€7,550 | +99.3% |
| Taxes, remuneration and social security | 45 | €10,369 | €4,604 | -€5,765 | -55.6% |
| Taxes | 450/3 | €7,319 | €1,538 | -€5,781 | -79.0% |
| Remuneration and social security | 454/9 | €3,050 | €3,066 | +€16 | +0.5% |
| Other amounts payable | 47/48 | €217,255 | €201,295 | -€15,960 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,238 | €26,065 | -€173 | -0.7% |
| Other operating charges | 640/8 | €5,112 | €5,368 | +€256 | +5.0% |
| Gross operating margin | 9900 | €88,522 | €96,398 | +€7,876 | +8.9% |
| Operating profit (loss) | 9901 | €57,172 | €64,965 | +€7,793 | +13.6% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.4% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.4% |
| Financial charges | 65/66B | €5,787 | €8,386 | +€2,598 | +44.9% |
| Recurring financial charges | 65 | €5,787 | €8,386 | +€2,598 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €51,394 | €56,580 | +€5,185 | +10.1% |
| Transfer from deferred taxes | 780 | €690 | €690 | = | 0.0% |
| Income taxes | 67/77 | €17,208 | €17,833 | +€624 | +3.6% |
| Profit (loss) for the period | 9904 | €34,876 | €39,437 | +€4,561 | +13.1% |
| Transfer from tax-exempt reserves | 789 | €1,610 | €1,610 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,486 | €41,047 | +€4,561 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.