B.M.I. CONCEPT: 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.I. CONCEPT
Largest movements
- Intangible fixed assets +€78,296
new in 2025: €78,296
- Tangible fixed assets +€47,896
up €47,896 (+18.5%), from €258,284 to €306,179
of which Land and buildings: +€54,078
- Receivables within one year +€45,095
up €45,095 (+402%), from €11,222 to €56,317
of which Trade receivables: +€41,717
- Cash +€16,072
up €16,072 (+70.4%), from €22,840 to €38,912
mainly Other debts (+€109,399) and Contributions, distributions and other (+€61,600)
- Other debts +€109,399
up €109,399 (+183%), from €59,746 to €169,145
- Revaluation surpluses +€61,098
new in 2025: €61,098
- Profit (loss) carried forward +€60,041
up €60,041, from -€59,131 to €910
- Trade debts -€31,717
down €31,717 (-97.3%), from €32,608 to €891
- Debts after one year -€23,516
down €23,516 (-11.0%), from €214,326 to €190,810
- Gross operating margin +€78,721
up €78,721 (+396%), from €19,859 to €98,580
- Depreciation +€5,851
up €5,851 (+30.9%), from €18,907 to €24,758
- Other operating charges +€1,528
up €1,528 (+27.6%), from €5,546 to €7,074
- Financial charges -€1,466
down €1,466 (-18.2%), from €8,033 to €6,567
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 | €295,000 | €482,324 | +€187,324 | +63.5% |
| Fixed assets | 21/28 | €258,602 | €384,794 | +€126,192 | +48.8% |
| Intangible fixed assets | 21 | - | €78,296 | +€78,296 | |
| Tangible fixed assets | 22/27 | €258,284 | €306,179 | +€47,896 | +18.5% |
| Land and buildings | 22 | €233,247 | €287,325 | +€54,078 | +23.2% |
| Plant, machinery and equipment | 23 | €23,149 | €12,118 | -€11,031 | -47.7% |
| Furniture and vehicles | 24 | €1,888 | €6,737 | +€4,849 | +257% |
| Financial fixed assets | 28 | €318 | €318 | = | 0.0% |
| Current assets | 29/58 | €36,398 | €97,531 | +€61,133 | +168% |
| Amounts receivable within one year | 40/41 | €11,222 | €56,317 | +€45,095 | +402% |
| Trade receivables | 40 | €11,222 | €52,939 | +€41,717 | +372% |
| Other amounts receivable | 41 | - | €3,378 | +€3,378 | |
| Cash at bank and in hand | 54/58 | €22,840 | €38,912 | +€16,072 | +70.4% |
| Deferred charges and accrued income | 490/1 | €2,336 | €2,302 | -€34 | -1.5% |
| Total equity and liabilities | 10/49 | €295,000 | €482,324 | +€187,324 | +63.5% |
| Equity | 10/15 | -€34,589 | €87,052 | +€121,641 | |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Capital | 10 | €19,831 | - | -€19,831 | |
| Issued capital | 100 | €19,831 | - | -€19,831 | |
| Contributions outside capital | 11 | - | €19,831 | +€19,831 | |
| Share premium | 1100/10 | - | €19,831 | +€19,831 | |
| Revaluation surpluses | 12 | - | €61,098 | +€61,098 | |
| Reserves | 13 | €4,710 | €5,212 | +€502 | +10.7% |
| Non-distributable reserves | 130/1 | €1,983 | - | -€1,983 | |
| Legal reserve | 130 | €1,983 | - | -€1,983 | |
| Distributable reserves | 133 | €2,727 | €5,212 | +€2,486 | +91.2% |
| Profit (loss) carried forward | 14 | -€59,131 | €910 | +€60,041 | |
| Amounts payable | 17/49 | €329,589 | €395,273 | +€65,683 | +19.9% |
| Amounts payable after more than one year | 17 | €214,326 | €190,810 | -€23,516 | -11.0% |
| Financial debts | 170/4 | €214,326 | €190,810 | -€23,516 | -11.0% |
| Amounts payable within one year | 42/48 | €115,264 | €204,463 | +€89,200 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €22,845 | €24,851 | +€2,005 | +8.8% |
| Trade debts | 44 | €32,608 | €891 | -€31,717 | -97.3% |
| Suppliers | 440/4 | €32,608 | €891 | -€31,717 | -97.3% |
| Taxes, remuneration and social security | 45 | €64 | €9,576 | +€9,512 | +14,856% |
| Taxes | 450/3 | €64 | €9,576 | +€9,512 | +14,856% |
| Other amounts payable | 47/48 | €59,746 | €169,145 | +€109,399 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,907 | €24,758 | +€5,851 | +30.9% |
| Other operating charges | 640/8 | €5,546 | €7,074 | +€1,528 | +27.6% |
| Non-recurring operating charges | 66A | €334 | €141 | -€193 | -57.9% |
| Gross operating margin | 9900 | €19,859 | €98,580 | +€78,721 | +396% |
| Operating profit (loss) | 9901 | -€4,927 | €66,608 | +€71,535 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,033 | €6,567 | -€1,466 | -18.2% |
| Recurring financial charges | 65 | €8,033 | €6,567 | -€1,466 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,959 | €60,041 | +€73,000 | |
| Profit (loss) for the period | 9904 | -€12,959 | €60,041 | +€73,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,959 | €60,041 | +€73,000 |
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 20 October 2026 via checked.be.