B.M.J.: 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.J.
Largest movements
- Receivables within one year +€24,079
up €24,079 (+21.6%), from €111,615 to €135,694
of which Other amounts receivable: +€24,079
- Cash -€7,504
down €7,504 (-32.4%), from €23,140 to €15,637
mainly Receivables within one year (-€24,079) and Contributions, distributions and other (-€15,000)
- Other debts +€15,000
up €15,000 (+606%), from €2,474 to €17,474
- Gross operating margin -€1,196
down €1,196 (-4.2%), from €28,443 to €27,246
- Taxes -€962
down €962 (-9.6%), from €9,984 to €9,022
- Depreciation +€378
up €378 (+210%), from €180 to €558
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 | €137,231 | €153,385 | +€16,154 | +11.8% |
| Fixed assets | 21/28 | €2,051 | €1,493 | -€558 | -27.2% |
| Tangible fixed assets | 22/27 | €2,051 | €1,493 | -€558 | -27.2% |
| Furniture and vehicles | 24 | €2,051 | €1,493 | -€558 | -27.2% |
| Current assets | 29/58 | €135,180 | €151,891 | +€16,711 | +12.4% |
| Amounts receivable within one year | 40/41 | €111,615 | €135,694 | +€24,079 | +21.6% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €100,725 | €124,804 | +€24,079 | +23.9% |
| Cash at bank and in hand | 54/58 | €23,140 | €15,637 | -€7,504 | -32.4% |
| Deferred charges and accrued income | 490/1 | €426 | €561 | +€135 | +31.8% |
| Total equity and liabilities | 10/49 | €137,231 | €153,385 | +€16,154 | +11.8% |
| Equity | 10/15 | €130,321 | €131,657 | +€1,336 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,721 | €113,057 | +€1,336 | +1.2% |
| Distributable reserves | 133 | €111,721 | €113,057 | +€1,336 | +1.2% |
| Amounts payable | 17/49 | €6,910 | €21,728 | +€14,817 | +214% |
| Amounts payable within one year | 42/48 | €6,910 | €21,728 | +€14,817 | +214% |
| Current portion of amounts payable after more than one year | 42 | €2,432 | €2,418 | -€14 | -0.6% |
| Trade debts | 44 | €567 | €152 | -€414 | -73.1% |
| Suppliers | 440/4 | €567 | €152 | -€414 | -73.1% |
| Taxes, remuneration and social security | 45 | €1,438 | €1,684 | +€246 | +17.1% |
| Taxes | 450/3 | €1,438 | €1,684 | +€246 | +17.1% |
| Other amounts payable | 47/48 | €2,474 | €17,474 | +€15,000 | +606% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €558 | +€378 | +210% |
| Other operating charges | 640/8 | €907 | €1,025 | +€119 | +13.1% |
| Gross operating margin | 9900 | €28,443 | €27,246 | -€1,196 | -4.2% |
| Operating profit (loss) | 9901 | €27,356 | €25,663 | -€1,693 | -6.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €367 | €305 | -€62 | -16.9% |
| Recurring financial charges | 65 | €367 | €305 | -€62 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €26,989 | €25,358 | -€1,631 | -6.0% |
| Income taxes | 67/77 | €9,984 | €9,022 | -€962 | -9.6% |
| Profit (loss) for the period | 9904 | €17,005 | €16,336 | -€669 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,005 | €16,336 | -€669 | -3.9% |
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 18 October 2026 via checked.be.