B.M.C.A.: 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.A.
Largest movements
- Tangible fixed assets +€61,648
up €61,648 (+56.7%), from €108,748 to €170,396
of which Furniture and vehicles: +€64,079
- Cash -€50,235
down €50,235 (-54.9%), from €91,430 to €41,195
mainly Investment in fixed assets (net) (-€113,181) and Other debts (-€67,642)
- Receivables within one year -€42,834
down €42,834 (-28.3%), from €151,275 to €108,441
- Stocks and contracts +€35,141
up €35,141 (+17.2%), from €204,146 to €239,287
- Profit (loss) carried forward +€68,029
up €68,029 (+38.0%), from €179,081 to €247,110
- Other debts -€67,642
down €67,642 (-97.6%), from €69,307 to €1,665
- Tax, wage and social debts -€13,285
down €13,285 (-32.2%), from €41,295 to €28,010
- Current portion of long-term debt +€10,324
up €10,324 (+110%), from €9,363 to €19,687
- Debts after one year +€6,426
up €6,426 (+2.7%), from €235,653 to €242,078
- Gross operating margin +€83,226
up €83,226 (+34.5%), from €241,205 to €324,431
- Staff costs +€60,331
up €60,331 (+52.7%), from €114,524 to €174,855
- Other operating charges -€50,405
down €50,405 (-85.6%), from €58,859 to €8,454
- Depreciation +€16,401
up €16,401 (+46.7%), from €35,132 to €51,533
- Taxes +€14,142
up €14,142 (+116%), from €12,146 to €26,288
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 | €555,719 | €559,439 | +€3,720 | +0.7% |
| Fixed assets | 21/28 | €108,868 | €170,516 | +€61,648 | +56.6% |
| Tangible fixed assets | 22/27 | €108,748 | €170,396 | +€61,648 | +56.7% |
| Plant, machinery and equipment | 23 | €2,431 | - | -€2,431 | |
| Furniture and vehicles | 24 | €106,317 | €170,396 | +€64,079 | +60.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €446,851 | €388,922 | -€57,929 | -13.0% |
| Stocks and contracts in progress | 3 | €204,146 | €239,287 | +€35,141 | +17.2% |
| Stocks | 30/36 | €204,146 | €239,287 | +€35,141 | +17.2% |
| Amounts receivable within one year | 40/41 | €151,275 | €108,441 | -€42,834 | -28.3% |
| Trade receivables | 40 | €151,275 | €108,441 | -€42,834 | -28.3% |
| Cash at bank and in hand | 54/58 | €91,430 | €41,195 | -€50,235 | -54.9% |
| Total equity and liabilities | 10/49 | €555,719 | €559,439 | +€3,720 | +0.7% |
| Equity | 10/15 | €199,651 | €267,680 | +€68,029 | +34.1% |
| Contributions | 10/11 | €18,700 | €20,570 | +€1,870 | +10.0% |
| Capital | 10 | €18,700 | - | -€18,700 | |
| Issued capital | 100 | €18,700 | - | -€18,700 | |
| Contributions outside capital | 11 | - | €20,570 | +€20,570 | |
| Other | 1109/19 | - | €20,570 | +€20,570 | |
| Reserves | 13 | €1,870 | - | -€1,870 | |
| Non-distributable reserves | 130/1 | €1,870 | - | -€1,870 | |
| Legal reserve | 130 | €1,870 | - | -€1,870 | |
| Profit (loss) carried forward | 14 | €179,081 | €247,110 | +€68,029 | +38.0% |
| Amounts payable | 17/49 | €356,068 | €291,759 | -€64,310 | -18.1% |
| Amounts payable after more than one year | 17 | €235,653 | €242,078 | +€6,426 | +2.7% |
| Financial debts | 170/4 | €235,653 | €242,078 | +€6,426 | +2.7% |
| Amounts payable within one year | 42/48 | €120,415 | €49,680 | -€70,735 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €9,363 | €19,687 | +€10,324 | +110% |
| Trade debts | 44 | €450 | €318 | -€133 | -29.4% |
| Suppliers | 440/4 | €450 | €318 | -€133 | -29.4% |
| Taxes, remuneration and social security | 45 | €41,295 | €28,010 | -€13,285 | -32.2% |
| Taxes | 450/3 | €41,295 | €28,010 | -€13,285 | -32.2% |
| Other amounts payable | 47/48 | €69,307 | €1,665 | -€67,642 | -97.6% |
| Remuneration, social security and pensions | 62 | €114,524 | €174,855 | +€60,331 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,132 | €51,533 | +€16,401 | +46.7% |
| Other operating charges | 640/8 | €58,859 | €8,454 | -€50,405 | -85.6% |
| Gross operating margin | 9900 | €241,205 | €324,431 | +€83,226 | +34.5% |
| Operating profit (loss) | 9901 | €32,690 | €89,588 | +€56,898 | +174% |
| Financial income | 75/76B | - | €4,729 | +€4,729 | |
| Recurring financial income | 75 | - | €4,729 | +€4,729 | |
| Financial charges | 65/66B | €2,417 | - | -€2,417 | |
| Recurring financial charges | 65 | €2,417 | - | -€2,417 | |
| Profit (loss) for the period before taxes | 9903 | €30,273 | €94,317 | +€64,044 | +212% |
| Income taxes | 67/77 | €12,146 | €26,288 | +€14,142 | +116% |
| Profit (loss) for the period | 9904 | €18,127 | €68,029 | +€49,902 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €18,127 | €68,029 | +€49,902 | +275% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.