B & M: 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.
B & M
Largest movements
- Cash +€27,417
up €27,417 (+127.0%), from €21,591 to €49,008
mainly Depreciation (+€26,613) and Trade debts (+€13,348)
- Tangible fixed assets -€19,422
down €19,422 (-12.5%), from €155,194 to €135,772
of which Plant, machinery and equipment: -€21,171
- Trade debts +€13,348
up €13,348 (+55.7%), from €23,982 to €37,330
- Debts after one year -€5,073
down €5,073 (-14.8%), from €34,212 to €29,138
- Gross operating margin +€9,965
up €9,965 (+56.8%), from €17,558 to €27,523
- Depreciation +€1,508
up €1,508 (+6.0%), from €25,105 to €26,613
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
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 | €212,180 | €220,947 | +€8,768 | +4.1% |
| Fixed assets | 21/28 | €155,615 | €136,069 | -€19,546 | -12.6% |
| Intangible fixed assets | 21 | €421 | €297 | -€124 | -29.5% |
| Tangible fixed assets | 22/27 | €155,194 | €135,772 | -€19,422 | -12.5% |
| Plant, machinery and equipment | 23 | €135,919 | €114,748 | -€21,171 | -15.6% |
| Furniture and vehicles | 24 | €19,275 | €21,024 | +€1,749 | +9.1% |
| Current assets | 29/58 | €56,565 | €84,879 | +€28,314 | +50.1% |
| Amounts receivable within one year | 40/41 | €34,799 | €35,687 | +€888 | +2.6% |
| Trade receivables | 40 | €26,799 | €27,462 | +€663 | +2.5% |
| Other amounts receivable | 41 | €8,000 | €8,225 | +€225 | +2.8% |
| Cash at bank and in hand | 54/58 | €21,591 | €49,008 | +€27,417 | +127.0% |
| Deferred charges and accrued income | 490/1 | €175 | €184 | +€9 | +5.1% |
| Total equity and liabilities | 10/49 | €212,180 | €220,947 | +€8,768 | +4.1% |
| Equity | 10/15 | €141,405 | €141,149 | -€256 | -0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €121,405 | €121,149 | -€256 | -0.2% |
| Distributable reserves | 133 | €121,405 | €121,149 | -€256 | -0.2% |
| Amounts payable | 17/49 | €70,775 | €79,799 | +€9,024 | +12.8% |
| Amounts payable after more than one year | 17 | €34,212 | €29,138 | -€5,073 | -14.8% |
| Financial debts | 170/4 | €34,212 | €29,138 | -€5,073 | -14.8% |
| Amounts payable within one year | 42/48 | €36,563 | €49,509 | +€12,946 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €4,931 | €5,073 | +€142 | +2.9% |
| Trade debts | 44 | €23,982 | €37,330 | +€13,348 | +55.7% |
| Suppliers | 440/4 | €23,982 | €37,330 | +€13,348 | +55.7% |
| Taxes, remuneration and social security | 45 | €7,079 | €6,534 | -€545 | -7.7% |
| Taxes | 450/3 | €7,079 | €6,534 | -€545 | -7.7% |
| Other amounts payable | 47/48 | €572 | €572 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,152 | +€1,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,105 | €26,613 | +€1,508 | +6.0% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | €17,558 | €27,523 | +€9,965 | +56.8% |
| Operating profit (loss) | 9901 | -€8,052 | €790 | +€8,842 | |
| Financial income | 75/76B | €0 | €69 | +€68 | +48857.1% |
| Recurring financial income | 75 | €0 | €69 | +€68 | +48857.1% |
| Financial charges | 65/66B | €1,306 | €1,115 | -€191 | -14.6% |
| Recurring financial charges | 65 | €1,306 | €1,115 | -€191 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,358 | -€256 | +€9,101 | +97.3% |
| Profit (loss) for the period | 9904 | -€9,358 | -€256 | +€9,101 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,358 | -€256 | +€9,101 | +97.3% |
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 6 October 2026 via checked.be.