BZH SOLUTIONS: 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.
BZH SOLUTIONS
Largest movements
- Cash +€11,186
up €11,186 (+31.1%), from €35,952 to €47,137
mainly Net result for the year (+€10,245) and Depreciation (+€6,657)
- Receivables within one year +€6,584
up €6,584 (+686.0%), from €960 to €7,544
of which Trade receivables: +€4,984
- Tangible fixed assets -€4,641
down €4,641 (-35.9%), from €12,922 to €8,281
- Profit (loss) carried forward +€10,245
up €10,245 (+25.6%), from €40,040 to €50,286
- Other debts +€3,592
up €3,592 (+204.1%), from €1,760 to €5,352
- Trade debts -€728
down €728 (-91.9%), from €792 to €64
- Gross operating margin +€2,827
up €2,827 (+14.0%), from €20,145 to €22,972
- Other operating charges +€2,506
up €2,506 (+2467.8%), from €102 to €2,608
- Depreciation +€472
up €472 (+7.6%), from €6,186 to €6,657
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 | €50,046 | €63,537 | +€13,491 | +27.0% |
| Fixed assets | 21/28 | €12,922 | €8,281 | -€4,641 | -35.9% |
| Tangible fixed assets | 22/27 | €12,922 | €8,281 | -€4,641 | -35.9% |
| Furniture and vehicles | 24 | €12,922 | €8,281 | -€4,641 | -35.9% |
| Current assets | 29/58 | €37,124 | €55,256 | +€18,133 | +48.8% |
| Amounts receivable within one year | 40/41 | €960 | €7,544 | +€6,584 | +686.0% |
| Trade receivables | 40 | €960 | €5,944 | +€4,984 | +519.3% |
| Other amounts receivable | 41 | - | €1,600 | +€1,600 | |
| Cash at bank and in hand | 54/58 | €35,952 | €47,137 | +€11,186 | +31.1% |
| Deferred charges and accrued income | 490/1 | €212 | €575 | +€362 | +170.6% |
| Total equity and liabilities | 10/49 | €50,046 | €63,537 | +€13,491 | +27.0% |
| Equity | 10/15 | €40,540 | €50,786 | +€10,245 | +25.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,040 | €50,286 | +€10,245 | +25.6% |
| Amounts payable | 17/49 | €9,506 | €12,752 | +€3,246 | +34.1% |
| Amounts payable within one year | 42/48 | €9,506 | €12,752 | +€3,246 | +34.1% |
| Trade debts | 44 | €792 | €64 | -€728 | -91.9% |
| Suppliers | 440/4 | €792 | €64 | -€728 | -91.9% |
| Taxes, remuneration and social security | 45 | €6,954 | €7,336 | +€382 | +5.5% |
| Taxes | 450/3 | €6,954 | €7,336 | +€382 | +5.5% |
| Other amounts payable | 47/48 | €1,760 | €5,352 | +€3,592 | +204.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,186 | €6,657 | +€472 | +7.6% |
| Other operating charges | 640/8 | €102 | €2,608 | +€2,506 | +2467.8% |
| Gross operating margin | 9900 | €20,145 | €22,972 | +€2,827 | +14.0% |
| Operating profit (loss) | 9901 | €13,858 | €13,707 | -€151 | -1.1% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | - | €78 | +€78 | |
| Recurring financial charges | 65 | - | €78 | +€78 | |
| Profit (loss) for the period before taxes | 9903 | €13,873 | €13,629 | -€243 | -1.8% |
| Income taxes | 67/77 | €3,425 | €3,384 | -€41 | -1.2% |
| Profit (loss) for the period | 9904 | €10,448 | €10,245 | -€202 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,448 | €10,245 | -€202 | -1.9% |
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.