BZH22: 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.
BZH22
Largest movements
- Receivables within one year +€104,754
up €104,754 (+5636.4%), from €1,859 to €106,613
of which Trade receivables: +€71,272
- Cash -€102,957
down €102,957 (-29.5%), from €349,376 to €246,419
mainly Receivables within one year (-€104,754) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€7,757
down €7,757 (-2.5%), from €310,772 to €303,015
of which Plant, machinery and equipment: -€4,375
- Short-term financial debts +€40,117
new in 2025: €40,117
- Tax, wage and social debts -€30,621
down €30,621 (-24.9%), from €123,154 to €92,534
of which Taxes: -€42,674
- Other debts -€30,000
down €30,000 (-42.9%), from €70,000 to €40,000
- Profit (loss) carried forward +€26,310
up €26,310 (+10.4%), from €251,853 to €278,163
- Debts after one year -€14,387
down €14,387 (-8.3%), from €172,608 to €158,221
- Staff costs +€125,988
up €125,988 (+32.1%), from €392,872 to €518,860
- Taxes -€24,582
down €24,582 (-53.9%), from €45,633 to €21,051
- Gross operating margin +€20,750
up €20,750 (+3.4%), from €609,974 to €630,725
- Other operating charges -€10,261
down €10,261 (-76.1%), from €13,492 to €3,231
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 | €666,008 | €658,227 | -€7,780 | -1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €311,132 | €303,375 | -€7,757 | -2.5% |
| Tangible fixed assets | 22/27 | €310,772 | €303,015 | -€7,757 | -2.5% |
| Land and buildings | 22 | €279,518 | €275,640 | -€3,877 | -1.4% |
| Plant, machinery and equipment | 23 | €12,810 | €8,435 | -€4,375 | -34.2% |
| Furniture and vehicles | 24 | €7,400 | €9,073 | +€1,673 | +22.6% |
| Other tangible fixed assets | 26 | €11,044 | €9,867 | -€1,178 | -10.7% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €354,875 | €354,852 | -€23 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,859 | €106,613 | +€104,754 | +5636.4% |
| Trade receivables | 40 | €125 | €71,397 | +€71,272 | +57017.9% |
| Other amounts receivable | 41 | €1,734 | €35,216 | +€33,482 | +1931.4% |
| Cash at bank and in hand | 54/58 | €349,376 | €246,419 | -€102,957 | -29.5% |
| Deferred charges and accrued income | 490/1 | €3,641 | €1,820 | -€1,821 | -50.0% |
| Total equity and liabilities | 10/49 | €666,008 | €658,227 | -€7,780 | -1.2% |
| Equity | 10/15 | €272,313 | €298,623 | +€26,310 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,853 | €278,163 | +€26,310 | +10.4% |
| Amounts payable | 17/49 | €393,695 | €359,605 | -€34,090 | -8.7% |
| Amounts payable after more than one year | 17 | €172,608 | €158,221 | -€14,387 | -8.3% |
| Financial debts | 170/4 | €172,608 | €158,221 | -€14,387 | -8.3% |
| Amounts payable within one year | 42/48 | €221,087 | €196,337 | -€24,750 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €14,210 | €15,578 | +€1,368 | +9.6% |
| Financial debts | 43 | - | €40,117 | +€40,117 | |
| Credit institutions | 430/8 | - | €40,117 | +€40,117 | |
| Trade debts | 44 | €13,722 | €8,108 | -€5,614 | -40.9% |
| Suppliers | 440/4 | €13,722 | €8,108 | -€5,614 | -40.9% |
| Taxes, remuneration and social security | 45 | €123,154 | €92,534 | -€30,621 | -24.9% |
| Taxes | 450/3 | €95,184 | €52,510 | -€42,674 | -44.8% |
| Remuneration and social security | 454/9 | €27,970 | €40,024 | +€12,054 | +43.1% |
| Other amounts payable | 47/48 | €70,000 | €40,000 | -€30,000 | -42.9% |
| Accrued charges and deferred income | 492/3 | - | €5,047 | +€5,047 | |
| Remuneration, social security and pensions | 62 | €392,872 | €518,860 | +€125,988 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,197 | €17,482 | -€1,714 | -8.9% |
| Other operating charges | 640/8 | €13,492 | €3,231 | -€10,261 | -76.1% |
| Non-recurring operating charges | 66A | - | €726 | +€726 | |
| Gross operating margin | 9900 | €609,974 | €630,725 | +€20,750 | +3.4% |
| Operating profit (loss) | 9901 | €184,414 | €90,425 | -€93,989 | -51.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,145 | €3,064 | -€81 | -2.6% |
| Recurring financial charges | 65 | €3,145 | €3,064 | -€81 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €181,269 | €87,361 | -€93,908 | -51.8% |
| Income taxes | 67/77 | €45,633 | €21,051 | -€24,582 | -53.9% |
| Profit (loss) for the period | 9904 | €135,636 | €66,310 | -€69,326 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €135,636 | €66,310 | -€69,326 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.