B.A.M.W.: 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.
B.A.M.W.
Largest movements
- Tangible fixed assets -€63,622
down €63,622 (-11.3%), from €565,039 to €501,417
of which Plant, machinery and equipment: -€54,536
- Cash +€42,516
up €42,516 (+133%), from €31,860 to €74,376
mainly Depreciation (+€63,622) and Net result for the year (+€16,229)
- Debts after one year -€40,306
down €40,306 (-12.8%), from €314,191 to €273,885
- Profit (loss) carried forward +€16,229
up €16,229 (+735%), from €2,208 to €18,436
- Financial income +€8,549
up €8,549 (+1,424,838%), from €1 to €8,550
- Financial charges +€5,877
up €5,877 (+54.7%), from €10,738 to €16,615
- Gross operating margin -€5,122
down €5,122 (-5.0%), from €101,809 to €96,687
- Depreciation -€2,281
down €2,281 (-3.5%), from €65,903 to €63,622
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 | €1,246,751 | €1,217,238 | -€29,513 | -2.4% |
| Fixed assets | 21/28 | €1,204,134 | €1,140,512 | -€63,622 | -5.3% |
| Intangible fixed assets | 21 | €638,687 | €638,687 | = | 0.0% |
| Tangible fixed assets | 22/27 | €565,039 | €501,417 | -€63,622 | -11.3% |
| Land and buildings | 22 | €178,957 | €169,870 | -€9,086 | -5.1% |
| Plant, machinery and equipment | 23 | €386,082 | €331,546 | -€54,536 | -14.1% |
| Financial fixed assets | 28 | €409 | €409 | = | 0.0% |
| Current assets | 29/58 | €42,617 | €76,726 | +€34,109 | +80.0% |
| Amounts receivable within one year | 40/41 | €150 | €183 | +€33 | +22.1% |
| Trade receivables | 40 | €150 | €183 | +€33 | +22.1% |
| Cash at bank and in hand | 54/58 | €31,860 | €74,376 | +€42,516 | +133% |
| Deferred charges and accrued income | 490/1 | €10,607 | €2,168 | -€8,439 | -79.6% |
| Total equity and liabilities | 10/49 | €1,246,751 | €1,217,238 | -€29,513 | -2.4% |
| Equity | 10/15 | €284,680 | €300,909 | +€16,229 | +5.7% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €272,557 | €272,557 | = | 0.0% |
| Distributable reserves | 133 | €272,557 | €272,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,208 | €18,436 | +€16,229 | +735% |
| Amounts payable | 17/49 | €962,071 | €916,330 | -€45,741 | -4.8% |
| Amounts payable after more than one year | 17 | €314,191 | €273,885 | -€40,306 | -12.8% |
| Financial debts | 170/4 | €314,191 | €273,885 | -€40,306 | -12.8% |
| Amounts payable within one year | 42/48 | €647,814 | €641,827 | -€5,987 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €39,325 | €40,306 | +€981 | +2.5% |
| Other amounts payable | 47/48 | €608,489 | €601,522 | -€6,968 | -1.1% |
| Accrued charges and deferred income | 492/3 | €66 | €617 | +€551 | +839% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,903 | €63,622 | -€2,281 | -3.5% |
| Other operating charges | 640/8 | €9,557 | €8,770 | -€787 | -8.2% |
| Gross operating margin | 9900 | €101,809 | €96,687 | -€5,122 | -5.0% |
| Operating profit (loss) | 9901 | €26,349 | €24,294 | -€2,054 | -7.8% |
| Financial income | 75/76B | €1 | €8,550 | +€8,549 | +1,424,838% |
| Recurring financial income | 75 | €1 | €8,550 | +€8,549 | +1,424,838% |
| Financial charges | 65/66B | €10,738 | €16,615 | +€5,877 | +54.7% |
| Recurring financial charges | 65 | €10,738 | €16,615 | +€5,877 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €15,611 | €16,229 | +€618 | +4.0% |
| Profit (loss) for the period | 9904 | €15,611 | €16,229 | +€618 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,611 | €16,229 | +€618 | +4.0% |
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 22 October 2026 via checked.be.