B M 2 S: 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 M 2 S
Largest movements
- Receivables within one year -€32,406
down €32,406 (-7.8%), from €413,095 to €380,689
of which Trade receivables: -€40,306
- Trade debts -€131,195
down €131,195 (-58.0%), from €226,220 to €95,025
- Other debts +€51,666
up €51,666 (+287%), from €18,000 to €69,666
- Reserves +€38,268
up €38,268 (+38.3%), from €100,000 to €138,268
- Debts after one year -€27,462
down €27,462 (-20.2%), from €135,887 to €108,426
- Short-term financial debts +€24,893
new in 2024: €24,893
- Gross operating margin -€31,238
down €31,238 (-17.7%), from €176,363 to €145,125
- Financial income -€19,093
down €19,093 (-99.3%), from €19,231 to €138
- Depreciation +€16,282
up €16,282 (+32.3%), from €50,444 to €66,726
- Other operating charges +€6,763
up €6,763 (+217%), from €3,119 to €9,882
- Taxes -€2,351
down €2,351 (-9.2%), from €25,505 to €23,154
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,577,210 | €1,541,629 | -€35,581 | -2.3% |
| Fixed assets | 21/28 | €1,098,739 | €1,106,739 | +€8,000 | +0.7% |
| Tangible fixed assets | 22/27 | €946,719 | €954,719 | +€8,000 | +0.8% |
| Land and buildings | 22 | €671,301 | €646,553 | -€24,748 | -3.7% |
| Plant, machinery and equipment | 23 | €222,552 | €263,060 | +€40,508 | +18.2% |
| Furniture and vehicles | 24 | €43,226 | €35,467 | -€7,759 | -17.9% |
| Other tangible fixed assets | 26 | €9,639 | €9,639 | = | 0.0% |
| Financial fixed assets | 28 | €152,020 | €152,020 | = | 0.0% |
| Current assets | 29/58 | €478,471 | €434,890 | -€43,581 | -9.1% |
| Amounts receivable within one year | 40/41 | €413,095 | €380,689 | -€32,406 | -7.8% |
| Trade receivables | 40 | €47,644 | €7,338 | -€40,306 | -84.6% |
| Other amounts receivable | 41 | €365,451 | €373,351 | +€7,900 | +2.2% |
| Current investments | 50/53 | €13,215 | €3,311 | -€9,903 | -74.9% |
| Cash at bank and in hand | 54/58 | €36,730 | €34,309 | -€2,421 | -6.6% |
| Deferred charges and accrued income | 490/1 | €15,432 | €16,581 | +€1,149 | +7.4% |
| Total equity and liabilities | 10/49 | €1,577,210 | €1,541,629 | -€35,581 | -2.3% |
| Equity | 10/15 | €1,037,675 | €1,075,943 | +€38,268 | +3.7% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €100,000 | €138,268 | +€38,268 | +38.3% |
| Distributable reserves | 133 | €100,000 | €138,268 | +€38,268 | +38.3% |
| Profit (loss) carried forward | 14 | €931,425 | €931,425 | = | 0.0% |
| Amounts payable | 17/49 | €539,535 | €465,686 | -€73,849 | -13.7% |
| Amounts payable after more than one year | 17 | €135,887 | €108,426 | -€27,462 | -20.2% |
| Financial debts | 170/4 | €135,887 | €108,426 | -€27,462 | -20.2% |
| Amounts payable within one year | 42/48 | €398,648 | €352,249 | -€46,399 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €25,500 | €27,462 | +€1,962 | +7.7% |
| Financial debts | 43 | - | €24,893 | +€24,893 | |
| Credit institutions | 430/8 | - | €24,893 | +€24,893 | |
| Trade debts | 44 | €226,220 | €95,025 | -€131,195 | -58.0% |
| Suppliers | 440/4 | €226,220 | €95,025 | -€131,195 | -58.0% |
| Taxes, remuneration and social security | 45 | €128,928 | €135,204 | +€6,276 | +4.9% |
| Taxes | 450/3 | €128,928 | €135,204 | +€6,276 | +4.9% |
| Other amounts payable | 47/48 | €18,000 | €69,666 | +€51,666 | +287% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,011 | +€11 | +0.2% |
| Non-recurring operating income | 76A | €337 | - | -€337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,444 | €66,726 | +€16,282 | +32.3% |
| Other operating charges | 640/8 | €3,119 | €9,882 | +€6,763 | +217% |
| Gross operating margin | 9900 | €176,363 | €145,125 | -€31,238 | -17.7% |
| Operating profit (loss) | 9901 | €122,800 | €68,516 | -€54,284 | -44.2% |
| Financial income | 75/76B | €19,231 | €138 | -€19,093 | -99.3% |
| Recurring financial income | 75 | €19,231 | €138 | -€19,093 | -99.3% |
| Financial charges | 65/66B | €7,679 | €7,232 | -€447 | -5.8% |
| Recurring financial charges | 65 | €7,679 | €7,232 | -€447 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €134,352 | €61,422 | -€72,929 | -54.3% |
| Income taxes | 67/77 | €25,505 | €23,154 | -€2,351 | -9.2% |
| Profit (loss) for the period | 9904 | €108,847 | €38,268 | -€70,579 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,847 | €38,268 | -€70,579 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.