B.M. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Cash -€60,077
down €60,077 (-45.4%), from €132,331 to €72,253
mainly Contributions, distributions and other (-€161,000) and Tax, wage and social debts (-€6,426)
- Receivables within one year -€24,233
down €24,233 (-13.7%), from €176,633 to €152,400
of which Trade receivables: -€36,300
- Profit (loss) carried forward -€74,953
down €74,953 (-43.2%), from €173,562 to €98,610
- Tax, wage and social debts -€6,426
down €6,426 (-47.3%), from €13,583 to €7,157
- Gross operating margin -€51,496
down €51,496 (-31.4%), from €164,135 to €112,638
- Taxes -€14,409
down €14,409 (-38.6%), from €37,341 to €22,932
- Financial charges +€2,573
new in 2025: €2,573
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 | €308,964 | €226,691 | -€82,273 | -26.6% |
| Fixed assets | 21/28 | - | €1,564 | +€1,564 | |
| Tangible fixed assets | 22/27 | - | €1,564 | +€1,564 | |
| Plant, machinery and equipment | 23 | - | €1,564 | +€1,564 | |
| Current assets | 29/58 | €308,964 | €225,127 | -€83,837 | -27.1% |
| Amounts receivable within one year | 40/41 | €176,633 | €152,400 | -€24,233 | -13.7% |
| Trade receivables | 40 | €145,200 | €108,900 | -€36,300 | -25.0% |
| Other amounts receivable | 41 | €31,433 | €43,500 | +€12,067 | +38.4% |
| Cash at bank and in hand | 54/58 | €132,331 | €72,253 | -€60,077 | -45.4% |
| Deferred charges and accrued income | 490/1 | - | €474 | +€474 | |
| Total equity and liabilities | 10/49 | €308,964 | €226,691 | -€82,273 | -26.6% |
| Equity | 10/15 | €294,262 | €219,310 | -€74,953 | -25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,700 | €115,700 | = | 0.0% |
| Distributable reserves | 133 | €115,700 | €115,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,562 | €98,610 | -€74,953 | -43.2% |
| Amounts payable | 17/49 | €14,701 | €7,381 | -€7,320 | -49.8% |
| Amounts payable within one year | 42/48 | €14,478 | €7,157 | -€7,321 | -50.6% |
| Taxes, remuneration and social security | 45 | €13,583 | €7,157 | -€6,426 | -47.3% |
| Taxes | 450/3 | €13,583 | €7,157 | -€6,426 | -47.3% |
| Other amounts payable | 47/48 | €895 | - | -€895 | |
| Accrued charges and deferred income | 492/3 | €224 | €224 | +€0 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €305 | +€305 | |
| Other operating charges | 640/8 | €620 | €787 | +€167 | +27.0% |
| Gross operating margin | 9900 | €164,135 | €112,638 | -€51,496 | -31.4% |
| Operating profit (loss) | 9901 | €163,515 | €111,546 | -€51,969 | -31.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | - | €2,573 | +€2,573 | |
| Recurring financial charges | 65 | - | €2,573 | +€2,573 | |
| Profit (loss) for the period before taxes | 9903 | €163,515 | €108,980 | -€54,535 | -33.4% |
| Income taxes | 67/77 | €37,341 | €22,932 | -€14,409 | -38.6% |
| Profit (loss) for the period | 9904 | €126,174 | €86,047 | -€40,127 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,174 | €86,047 | -€40,127 | -31.8% |
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 31 October 2026 via checked.be.