B&M IMMOBILIER: what changed
B&M IMMOBILIER
Largest movements
- Tangible fixed assets +€210,470
up €210,470 (+172%), from €122,554 to €333,024
- Receivables within one year +€49,686
up €49,686 (+163%), from €30,458 to €80,144
of which Other amounts receivable: +€52,901
- Cash +€33,780
up €33,780 (+222%), from €15,204 to €48,984
mainly Debts after one year (+€142,709) and Net result for the year (+€90,551)
- Intangible fixed assets +€22,112
up €22,112 (+286%), from €7,741 to €29,852
- Financial fixed assets +€10,000
new in 2025: €10,000
- Debts after one year +€142,709
up €142,709 (+142%), from €100,748 to €243,457
- Profit (loss) carried forward +€90,551
up €90,551 (+124%), from €72,995 to €163,546
- Trade debts +€38,024
up €38,024 (+415%), from €9,172 to €47,195
- Tax, wage and social debts +€34,982
up €34,982 (+324%), from €10,805 to €45,787
of which Taxes: +€31,921
- Current portion of long-term debt +€17,861
up €17,861 (+93.7%), from €19,056 to €36,918
- Gross operating margin +€123,573
up €123,573 (+185%), from €66,675 to €190,248
- Staff costs +€20,281
new in 2025: €20,281
- Depreciation +€16,762
up €16,762 (+159%), from €10,575 to €27,337
- Taxes +€13,994
up €13,994 (+140%), from €9,991 to €23,985
- Other operating charges +€12,530
up €12,530 (+1,317%), from €952 to €13,482
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,694 | €538,970 | +€323,276 | +150% |
| Fixed assets | 21/28 | €130,295 | €372,876 | +€242,582 | +186% |
| Intangible fixed assets | 21 | €7,741 | €29,852 | +€22,112 | +286% |
| Tangible fixed assets | 22/27 | €122,554 | €333,024 | +€210,470 | +172% |
| Land and buildings | 22 | - | €64,225 | +€64,225 | |
| Furniture and vehicles | 24 | €40,923 | €119,210 | +€78,286 | +191% |
| Leasing and similar rights | 25 | €6,928 | €4,449 | -€2,479 | -35.8% |
| Other tangible fixed assets | 26 | €74,703 | €145,141 | +€70,438 | +94.3% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €85,400 | €166,093 | +€80,694 | +94.5% |
| Amounts receivable after more than one year | 29 | €29,500 | €29,500 | = | 0.0% |
| Other amounts receivable | 291 | €29,500 | €29,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,251 | - | -€2,251 | |
| Stocks | 30/36 | €2,251 | - | -€2,251 | |
| Amounts receivable within one year | 40/41 | €30,458 | €80,144 | +€49,686 | +163% |
| Trade receivables | 40 | €13,708 | €10,493 | -€3,215 | -23.5% |
| Other amounts receivable | 41 | €16,750 | €69,651 | +€52,901 | +316% |
| Current investments | 50/53 | - | €4,500 | +€4,500 | |
| Cash at bank and in hand | 54/58 | €15,204 | €48,984 | +€33,780 | +222% |
| Deferred charges and accrued income | 490/1 | €7,987 | €2,965 | -€5,022 | -62.9% |
| Total equity and liabilities | 10/49 | €215,694 | €538,970 | +€323,276 | +150% |
| Equity | 10/15 | €74,995 | €165,546 | +€90,551 | +121% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,995 | €163,546 | +€90,551 | +124% |
| Amounts payable | 17/49 | €140,700 | €373,424 | +€232,725 | +165% |
| Amounts payable after more than one year | 17 | €100,748 | €243,457 | +€142,709 | +142% |
| Financial debts | 170/4 | €100,748 | €243,457 | +€142,709 | +142% |
| Amounts payable within one year | 42/48 | €39,886 | €129,900 | +€90,014 | +226% |
| Current portion of amounts payable after more than one year | 42 | €19,056 | €36,918 | +€17,861 | +93.7% |
| Trade debts | 44 | €9,172 | €47,195 | +€38,024 | +415% |
| Suppliers | 440/4 | €9,172 | €47,195 | +€38,024 | +415% |
| Taxes, remuneration and social security | 45 | €10,805 | €45,787 | +€34,982 | +324% |
| Taxes | 450/3 | €10,805 | €42,725 | +€31,921 | +295% |
| Remuneration and social security | 454/9 | - | €3,062 | +€3,062 | |
| Other amounts payable | 47/48 | €853 | - | -€853 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | - | €20,281 | +€20,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,575 | €27,337 | +€16,762 | +159% |
| Other operating charges | 640/8 | €952 | €13,482 | +€12,530 | +1,317% |
| Gross operating margin | 9900 | €66,675 | €190,248 | +€123,573 | +185% |
| Operating profit (loss) | 9901 | €55,148 | €129,149 | +€74,000 | +134% |
| Financial income | 75/76B | €275 | €283 | +€8 | +2.8% |
| Recurring financial income | 75 | €275 | €283 | +€8 | +2.8% |
| Financial charges | 65/66B | €4,543 | €14,895 | +€10,353 | +228% |
| Recurring financial charges | 65 | €4,543 | €14,895 | +€10,353 | +228% |
| Profit (loss) for the period before taxes | 9903 | €50,881 | €114,537 | +€63,655 | +125% |
| Income taxes | 67/77 | €9,991 | €23,985 | +€13,994 | +140% |
| Profit (loss) for the period | 9904 | €40,890 | €90,551 | +€49,662 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €40,890 | €90,551 | +€49,662 | +121% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.