B.M.A.V.: 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.A.V.
Largest movements
- Tangible fixed assets +€13,582
up €13,582 (+101%), from €13,393 to €26,975
of which Furniture and vehicles: +€11,701
- Cash +€8,865
up €8,865 (+191%), from €4,645 to €13,510
mainly Other debts (+€13,169) and Depreciation (+€6,355)
- Receivables within one year -€4,927
down €4,927 (-9.5%), from €51,917 to €46,990
of which Other amounts receivable: -€3,296
- Deferred charges and accrued income -€1,786
down €1,786 (-30.7%), from €5,810 to €4,024
- Other debts +€13,169
up €13,169 (+58.4%), from €22,551 to €35,719
- Accrued charges and deferred income -€11,850
down €11,850 (-87.8%), from €13,500 to €1,650
- Trade debts +€5,252
up €5,252 (+1,786%), from €294 to €5,546
- Profit (loss) carried forward +€5,157
up €5,157 (+9.6%), from -€53,780 to -€48,623
- Short-term financial debts +€3,448
up €3,448 (+2,966%), from €116 to €3,564
- Gross operating margin +€2,979
up €2,979 (+23.1%), from €12,882 to €15,861
- Depreciation +€1,530
up €1,530 (+31.7%), from €4,825 to €6,355
- Other operating charges -€830
down €830 (-23.5%), from €3,531 to €2,701
- Financial charges -€371
down €371 (-25.3%), from €1,466 to €1,095
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 | €75,765 | €91,499 | +€15,734 | +20.8% |
| Fixed assets | 21/28 | €13,393 | €26,975 | +€13,582 | +101% |
| Tangible fixed assets | 22/27 | €13,393 | €26,975 | +€13,582 | +101% |
| Land and buildings | 22 | €890 | €35 | -€855 | -96.1% |
| Plant, machinery and equipment | 23 | - | €2,737 | +€2,737 | |
| Furniture and vehicles | 24 | €12,503 | €24,204 | +€11,701 | +93.6% |
| Current assets | 29/58 | €62,372 | €64,524 | +€2,152 | +3.5% |
| Amounts receivable within one year | 40/41 | €51,917 | €46,990 | -€4,927 | -9.5% |
| Trade receivables | 40 | €35,411 | €33,780 | -€1,630 | -4.6% |
| Other amounts receivable | 41 | €16,506 | €13,210 | -€3,296 | -20.0% |
| Cash at bank and in hand | 54/58 | €4,645 | €13,510 | +€8,865 | +191% |
| Deferred charges and accrued income | 490/1 | €5,810 | €4,024 | -€1,786 | -30.7% |
| Total equity and liabilities | 10/49 | €75,765 | €91,499 | +€15,734 | +20.8% |
| Equity | 10/15 | €39,304 | €44,461 | +€5,157 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,484 | €74,484 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,624 | €72,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,780 | -€48,623 | +€5,157 | +9.6% |
| Amounts payable | 17/49 | €36,461 | €47,038 | +€10,577 | +29.0% |
| Amounts payable within one year | 42/48 | €22,961 | €45,388 | +€22,427 | +97.7% |
| Financial debts | 43 | €116 | €3,564 | +€3,448 | +2,966% |
| Credit institutions | 430/8 | €116 | €3,564 | +€3,448 | +2,966% |
| Trade debts | 44 | €294 | €5,546 | +€5,252 | +1,786% |
| Suppliers | 440/4 | €294 | €5,546 | +€5,252 | +1,786% |
| Taxes, remuneration and social security | 45 | - | €559 | +€559 | |
| Taxes | 450/3 | - | €559 | +€559 | |
| Other amounts payable | 47/48 | €22,551 | €35,719 | +€13,169 | +58.4% |
| Accrued charges and deferred income | 492/3 | €13,500 | €1,650 | -€11,850 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,825 | €6,355 | +€1,530 | +31.7% |
| Other operating charges | 640/8 | €3,531 | €2,701 | -€830 | -23.5% |
| Gross operating margin | 9900 | €12,882 | €15,861 | +€2,979 | +23.1% |
| Operating profit (loss) | 9901 | €4,526 | €6,805 | +€2,278 | +50.3% |
| Financial income | 75/76B | €8 | €7 | -€2 | -18.9% |
| Recurring financial income | 75 | €8 | €7 | -€2 | -18.9% |
| Financial charges | 65/66B | €1,466 | €1,095 | -€371 | -25.3% |
| Recurring financial charges | 65 | €1,466 | €1,095 | -€371 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €3,068 | €5,716 | +€2,648 | +86.3% |
| Income taxes | 67/77 | €523 | €559 | +€36 | +6.9% |
| Profit (loss) for the period | 9904 | €2,546 | €5,157 | +€2,612 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €2,546 | €5,157 | +€2,612 | +103% |
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 1 November 2026 via checked.be.