B.M.I.: 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.
What changed
B.M.I.
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,065
2024 · €7,308-€10,373
Equity
€2.4m
2024 · €2.4m-€3,065
Cash
-
2024 · €728-€728
Balance sheet total
€4.9m
2024 · €5.0m-€84,240
Largest movements
Assets
- Tangible fixed assets -€84,502
down €84,502 (-1.7%), from €4.9m to €4.8m
of which Land and buildings: -€84,502
Equity and liabilities
- Debts after one year -€116,610
down €116,610 (-5.9%), from €2.0m to €1.8m
Income statement
- Gross operating margin -€16,563
down €16,563 (-11.4%), from €145,414 to €128,851
- Taxes -€4,223
down €4,223 (-24.3%), from €17,407 to €13,184
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.
Result 2024
€7,308
Gross operating margin
-€16,563
Depreciation
-€250
Other operating charges
-€151
Other operating items
+€1,564
Financial income
+€88
Financial charges
+€717
Taxes
+€4,223
Result 2025
-€3,065
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€117,648
Investment
-€8,343
Financing
-€110,034
Cash 2024
€728
From operations (derived)
+€117,648
Net result for the year
-€3,065
Depreciation
+€92,844
Receivables within one year
-€1,025
Smaller working-capital items
+€127
Provisions
-€15,996
Trade debts
+€9,470
Tax, wage and social debts
-€3,233
Other debts
+€38,526
Investment (derived)
-€8,343
Investment in fixed assets (net)
-€8,343
Financing
-€110,034
Debts after one year
-€116,610
Current portion of long-term debt
+€2,244
Short-term financial debts
+€4,333
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,953,517 | €4,869,277 | -€84,240 | -1.7% |
| Fixed assets | 21/28 | €4,893,349 | €4,808,847 | -€84,502 | -1.7% |
| Tangible fixed assets | 22/27 | €4,893,349 | €4,808,847 | -€84,502 | -1.7% |
| Land and buildings | 22 | €4,892,931 | €4,808,429 | -€84,502 | -1.7% |
| Furniture and vehicles | 24 | €418 | €418 | = | 0.0% |
| Current assets | 29/58 | €60,168 | €60,430 | +€262 | +0.4% |
| Amounts receivable within one year | 40/41 | €58,102 | €59,126 | +€1,025 | +1.8% |
| Trade receivables | 40 | €1,826 | €583 | -€1,243 | -68.1% |
| Other amounts receivable | 41 | €56,276 | €58,544 | +€2,268 | +4.0% |
| Cash at bank and in hand | 54/58 | €728 | - | -€728 | |
| Deferred charges and accrued income | 490/1 | €1,338 | €1,304 | -€35 | -2.6% |
| Total equity and liabilities | 10/49 | €4,953,517 | €4,869,277 | -€84,240 | -1.7% |
| Equity | 10/15 | €2,402,524 | €2,399,458 | -€3,065 | -0.1% |
| Contributions | 10/11 | €73,052 | €73,052 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €11,552 | €11,552 | = | 0.0% |
| Share premium | 1100/10 | €11,552 | €11,552 | = | 0.0% |
| Revaluation surpluses | 12 | €1,684,326 | €1,684,326 | = | 0.0% |
| Reserves | 13 | €782,119 | €742,955 | -€39,163 | -5.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €772,119 | €732,955 | -€39,163 | -5.1% |
| Profit (loss) carried forward | 14 | -€136,973 | -€100,875 | +€36,098 | +26.4% |
| Provisions and deferred taxes | 16 | €315,372 | €299,376 | -€15,996 | -5.1% |
| Deferred taxes | 168 | €315,372 | €299,376 | -€15,996 | -5.1% |
| Amounts payable | 17/49 | €2,235,621 | €2,170,443 | -€65,179 | -2.9% |
| Amounts payable after more than one year | 17 | €1,962,002 | €1,845,392 | -€116,610 | -5.9% |
| Financial debts | 170/4 | €1,962,002 | €1,845,392 | -€116,610 | -5.9% |
| Amounts payable within one year | 42/48 | €270,852 | €322,192 | +€51,340 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €107,362 | €109,606 | +€2,244 | +2.1% |
| Financial debts | 43 | - | €4,333 | +€4,333 | |
| Credit institutions | 430/8 | - | €4,333 | +€4,333 | |
| Trade debts | 44 | €9,447 | €18,917 | +€9,470 | +100% |
| Suppliers | 440/4 | €9,447 | €18,917 | +€9,470 | +100% |
| Taxes, remuneration and social security | 45 | €17,583 | €14,350 | -€3,233 | -18.4% |
| Taxes | 450/3 | €17,583 | €14,350 | -€3,233 | -18.4% |
| Other amounts payable | 47/48 | €136,459 | €174,986 | +€38,526 | +28.2% |
| Accrued charges and deferred income | 492/3 | €2,767 | €2,859 | +€92 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,595 | €92,844 | +€250 | +0.3% |
| Other operating charges | 640/8 | €4,047 | €4,199 | +€151 | +3.7% |
| Non-recurring operating charges | 66A | €1,564 | - | -€1,564 | |
| Gross operating margin | 9900 | €145,414 | €128,851 | -€16,563 | -11.4% |
| Operating profit (loss) | 9901 | €47,208 | €31,808 | -€15,400 | -32.6% |
| Financial income | 75/76B | €2,180 | €2,268 | +€88 | +4.0% |
| Recurring financial income | 75 | €2,180 | €2,268 | +€88 | +4.0% |
| Financial charges | 65/66B | €40,669 | €39,953 | -€717 | -1.8% |
| Recurring financial charges | 65 | €40,669 | €39,953 | -€717 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €8,719 | -€5,877 | -€14,596 | |
| Transfer from deferred taxes | 780 | €15,996 | €15,996 | = | 0.0% |
| Income taxes | 67/77 | €17,407 | €13,184 | -€4,223 | -24.3% |
| Profit (loss) for the period | 9904 | €7,308 | -€3,065 | -€10,373 | |
| Transfer from tax-exempt reserves | 789 | €39,163 | €39,163 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,472 | €36,098 | -€10,373 | -22.3% |
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 16 October 2026 via checked.be.