B.M.C.: 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.C.
Largest movements
- Receivables within one year +€212,286
up €212,286 (+75.9%), from €279,796 to €492,082
of which Trade receivables: +€211,852
- Cash +€78,232
up €78,232 (+29.7%), from €263,383 to €341,615
mainly Net result for the year (+€272,119) and Trade debts (+€62,490)
- Tangible fixed assets +€57,895
up €57,895 (+23.9%), from €241,876 to €299,771
of which Plant, machinery and equipment: +€75,500
- Reserves +€277,369
up €277,369 (+176.2%), from €157,434 to €434,803
- Trade debts +€62,490
up €62,490 (+21.2%), from €295,451 to €357,941
- Tax, wage and social debts +€47,879
up €47,879 (+59.7%), from €80,135 to €128,013
of which Taxes: +€34,285
- Other debts -€20,306
down €20,306 (-9.0%), from €225,515 to €205,209
- Gross operating margin +€216,311
up €216,311 (+54.5%), from €396,633 to €612,944
- Staff costs +€44,540
up €44,540 (+43.1%), from €103,325 to €147,864
- Taxes +€25,855
up €25,855 (+28.3%), from €91,263 to €117,118
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 | €843,807 | €1,194,648 | +€350,841 | +41.6% |
| Fixed assets | 21/28 | €247,376 | €305,271 | +€57,895 | +23.4% |
| Tangible fixed assets | 22/27 | €241,876 | €299,771 | +€57,895 | +23.9% |
| Land and buildings | 22 | €41,134 | €35,333 | -€5,800 | -14.1% |
| Plant, machinery and equipment | 23 | €168,418 | €243,918 | +€75,500 | +44.8% |
| Furniture and vehicles | 24 | €6,324 | €3,253 | -€3,071 | -48.6% |
| Other tangible fixed assets | 26 | €26,001 | €17,267 | -€8,734 | -33.6% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €596,431 | €889,377 | +€292,946 | +49.1% |
| Stocks and contracts in progress | 3 | €49,431 | €53,002 | +€3,571 | +7.2% |
| Stocks | 30/36 | €49,431 | €53,002 | +€3,571 | +7.2% |
| Amounts receivable within one year | 40/41 | €279,796 | €492,082 | +€212,286 | +75.9% |
| Trade receivables | 40 | €275,805 | €487,657 | +€211,852 | +76.8% |
| Other amounts receivable | 41 | €3,991 | €4,425 | +€435 | +10.9% |
| Cash at bank and in hand | 54/58 | €263,383 | €341,615 | +€78,232 | +29.7% |
| Deferred charges and accrued income | 490/1 | €3,822 | €2,678 | -€1,143 | -29.9% |
| Total equity and liabilities | 10/49 | €843,807 | €1,194,648 | +€350,841 | +41.6% |
| Equity | 10/15 | €202,284 | €474,403 | +€272,119 | +134.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Revaluation surpluses | 12 | €26,250 | €21,000 | -€5,250 | -20.0% |
| Reserves | 13 | €157,434 | €434,803 | +€277,369 | +176.2% |
| Distributable reserves | 133 | €157,434 | €434,803 | +€277,369 | +176.2% |
| Amounts payable | 17/49 | €641,523 | €720,245 | +€78,722 | +12.3% |
| Amounts payable after more than one year | 17 | €29,082 | €19,228 | -€9,854 | -33.9% |
| Financial debts | 170/4 | €29,082 | €19,228 | -€9,854 | -33.9% |
| Amounts payable within one year | 42/48 | €612,441 | €701,017 | +€88,576 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €11,340 | €9,854 | -€1,486 | -13.1% |
| Trade debts | 44 | €295,451 | €357,941 | +€62,490 | +21.2% |
| Suppliers | 440/4 | €295,451 | €357,941 | +€62,490 | +21.2% |
| Taxes, remuneration and social security | 45 | €80,135 | €128,013 | +€47,879 | +59.7% |
| Taxes | 450/3 | €59,494 | €93,779 | +€34,285 | +57.6% |
| Remuneration and social security | 454/9 | €20,641 | €34,235 | +€13,594 | +65.9% |
| Other amounts payable | 47/48 | €225,515 | €205,209 | -€20,306 | -9.0% |
| Non-recurring operating income | 76A | - | €925 | +€925 | |
| Remuneration, social security and pensions | 62 | €103,325 | €147,864 | +€44,540 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,071 | €61,825 | +€3,755 | +6.5% |
| Other operating charges | 640/8 | €10,375 | €7,253 | -€3,122 | -30.1% |
| Gross operating margin | 9900 | €396,633 | €612,944 | +€216,311 | +54.5% |
| Operating profit (loss) | 9901 | €224,862 | €396,002 | +€171,139 | +76.1% |
| Financial income | 75/76B | €32 | €87 | +€55 | +170.2% |
| Recurring financial income | 75 | €32 | €87 | +€55 | +170.2% |
| Financial charges | 65/66B | €7,761 | €6,852 | -€909 | -11.7% |
| Recurring financial charges | 65 | €7,761 | €6,852 | -€909 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €217,134 | €389,237 | +€172,103 | +79.3% |
| Income taxes | 67/77 | €91,263 | €117,118 | +€25,855 | +28.3% |
| Profit (loss) for the period | 9904 | €125,871 | €272,119 | +€146,248 | +116.2% |
| Transfer from tax-exempt reserves | 789 | €5,250 | €5,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,121 | €277,369 | +€146,248 | +111.5% |
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 10 October 2026 via checked.be.