B.M.K.: what changed
Two fiscal 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.K.
Largest movements
- Tangible fixed assets -€222,631
down €222,631 (-13.3%), from €1.7m to €1.5m
of which Land and buildings: -€221,431
- Profit (loss) carried forward +€200,826
up €200,826 (+97.7%), from -€205,503 to -€4,677
- Other debts -€191,998
down €191,998 (-78.2%), from €245,429 to €53,431
- Debts after one year -€171,105
down €171,105 (-34.3%), from €499,476 to €328,371
- Current portion of long-term debt -€74,631
down €74,631 (-30.4%), from €245,735 to €171,105
- Gross operating margin +€187,008
up €187,008 (+66.2%), from €282,517 to €469,525
- Financial charges -€11,343
down €11,343 (-29.8%), from €38,037 to €26,694
- Depreciation -€7,473
down €7,473 (-3.6%), from €205,802 to €198,329
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.
Cash bridge derived
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 | €1,727,314 | €1,489,595 | -€237,719 | -13.8% |
| Fixed assets | 21/28 | €1,677,861 | €1,455,230 | -€222,631 | -13.3% |
| Tangible fixed assets | 22/27 | €1,676,166 | €1,453,535 | -€222,631 | -13.3% |
| Land and buildings | 22 | €1,663,200 | €1,441,769 | -€221,431 | -13.3% |
| Furniture and vehicles | 24 | €12,966 | €11,766 | -€1,200 | -9.3% |
| Financial fixed assets | 28 | €1,695 | €1,695 | = | 0.0% |
| Current assets | 29/58 | €49,453 | €34,365 | -€15,088 | -30.5% |
| Amounts receivable within one year | 40/41 | €9,130 | €0 | -€9,130 | -100.0% |
| Other amounts receivable | 41 | €9,130 | €0 | -€9,130 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,600 | €15,305 | -€6,294 | -29.1% |
| Deferred charges and accrued income | 490/1 | €18,723 | €19,060 | +€336 | +1.8% |
| Total equity and liabilities | 10/49 | €1,727,314 | €1,489,595 | -€237,719 | -13.8% |
| Equity | 10/15 | €694,469 | €895,294 | +€200,826 | +28.9% |
| Contributions | 10/11 | €161,400 | €161,400 | = | 0.0% |
| Capital | 10 | €161,400 | €161,400 | = | 0.0% |
| Issued capital | 100 | €161,400 | €161,400 | = | 0.0% |
| Revaluation surpluses | 12 | €678,471 | €678,471 | = | 0.0% |
| Reserves | 13 | €60,101 | €60,101 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,140 | €16,140 | = | 0.0% |
| Legal reserve | 130 | €16,140 | €16,140 | = | 0.0% |
| Distributable reserves | 133 | €43,961 | €43,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,503 | -€4,677 | +€200,826 | +97.7% |
| Amounts payable | 17/49 | €1,032,845 | €594,301 | -€438,545 | -42.5% |
| Amounts payable after more than one year | 17 | €499,476 | €328,371 | -€171,105 | -34.3% |
| Financial debts | 170/4 | €499,476 | €328,371 | -€171,105 | -34.3% |
| Amounts payable within one year | 42/48 | €512,088 | €245,298 | -€266,790 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €245,735 | €171,105 | -€74,631 | -30.4% |
| Trade debts | 44 | €20,923 | €20,762 | -€161 | -0.8% |
| Suppliers | 440/4 | €20,923 | €20,762 | -€161 | -0.8% |
| Other amounts payable | 47/48 | €245,429 | €53,431 | -€191,998 | -78.2% |
| Accrued charges and deferred income | 492/3 | €21,281 | €20,632 | -€650 | -3.1% |
| Non-recurring operating income | 76A | - | €143,545 | +€143,545 | |
| Remuneration, social security and pensions | 62 | €351 | €370 | +€19 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,802 | €198,329 | -€7,473 | -3.6% |
| Other operating charges | 640/8 | €38,886 | €43,306 | +€4,420 | +11.4% |
| Gross operating margin | 9900 | €282,517 | €469,525 | +€187,008 | +66.2% |
| Operating profit (loss) | 9901 | €37,478 | €227,520 | +€190,042 | +507.1% |
| Financial charges | 65/66B | €38,037 | €26,694 | -€11,343 | -29.8% |
| Recurring financial charges | 65 | €38,037 | €26,694 | -€11,343 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€559 | €200,826 | +€201,385 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€559 | €200,826 | +€201,385 | |
| Profit (loss) for the period to be appropriated | 9905 | -€559 | €200,826 | +€201,385 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.