B.M.O.: 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.O.
Largest movements
- Cash +€196,451
up €196,451 (+385.0%), from €51,024 to €247,475
mainly Net result for the year (+€215,082) and Tax, wage and social debts (+€78,117)
- Receivables within one year +€89,913
up €89,913 (+449.6%), from €20,000 to €109,913
of which Trade receivables: +€89,913
- Deferred charges and accrued income +€5,541
up €5,541 (+157.7%), from €3,514 to €9,055
- Reserves +€266,113
new in 2025: €266,113
- Tax, wage and social debts +€78,117
up €78,117 (+428.5%), from €18,231 to €96,348
of which Taxes: +€76,117
- Profit (loss) carried forward -€51,031
down €51,031 (-100.0%), from €51,031 to €0
- Gross operating margin +€226,154
up €226,154 (+425.3%), from €53,175 to €279,329
- Taxes +€55,041
up €55,041 (+530.9%), from €10,367 to €65,408
- Purchases and services +€10,737
up €10,737 (+14.9%), from €72,177 to €82,914
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 | €76,209 | €367,532 | +€291,323 | +382.3% |
| Fixed assets | 21/28 | €1,670 | €1,089 | -€582 | -34.8% |
| Tangible fixed assets | 22/27 | €1,670 | €1,089 | -€582 | -34.8% |
| Furniture and vehicles | 24 | €1,670 | €1,089 | -€582 | -34.8% |
| Current assets | 29/58 | €74,538 | €366,443 | +€291,905 | +391.6% |
| Amounts receivable within one year | 40/41 | €20,000 | €109,913 | +€89,913 | +449.6% |
| Trade receivables | 40 | €20,000 | €109,913 | +€89,913 | +449.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €51,024 | €247,475 | +€196,451 | +385.0% |
| Deferred charges and accrued income | 490/1 | €3,514 | €9,055 | +€5,541 | +157.7% |
| Total equity and liabilities | 10/49 | €76,209 | €367,532 | +€291,323 | +382.3% |
| Equity | 10/15 | €54,031 | €269,113 | +€215,082 | +398.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €266,113 | +€266,113 | |
| Distributable reserves | 133 | - | €266,113 | +€266,113 | |
| Profit (loss) carried forward | 14 | €51,031 | €0 | -€51,031 | -100.0% |
| Amounts payable | 17/49 | €22,178 | €98,419 | +€76,241 | +343.8% |
| Amounts payable within one year | 42/48 | €22,178 | €98,419 | +€76,241 | +343.8% |
| Trade debts | 44 | €3,533 | €1,015 | -€2,518 | -71.3% |
| Suppliers | 440/4 | €3,533 | €1,015 | -€2,518 | -71.3% |
| Taxes, remuneration and social security | 45 | €18,231 | €96,348 | +€78,117 | +428.5% |
| Taxes | 450/3 | €18,231 | €94,348 | +€76,117 | +417.5% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €414 | €1,056 | +€642 | +155.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,177 | €82,914 | +€10,737 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €582 | = | 0.0% |
| Other operating charges | 640/8 | €635 | €96 | -€539 | -84.9% |
| Non-recurring operating charges | 66A | €107 | €80 | -€27 | -25.3% |
| Gross operating margin | 9900 | €53,175 | €279,329 | +€226,154 | +425.3% |
| Operating profit (loss) | 9901 | €51,852 | €278,572 | +€226,720 | +437.2% |
| Financial income | 75/76B | €0 | €2,576 | +€2,576 | |
| Recurring financial income | 75 | €0 | €2,576 | +€2,576 | |
| Financial charges | 65/66B | €2,809 | €657 | -€2,151 | -76.6% |
| Recurring financial charges | 65 | €2,809 | €657 | -€2,151 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €49,043 | €280,490 | +€231,447 | +471.9% |
| Income taxes | 67/77 | €10,367 | €65,408 | +€55,041 | +530.9% |
| Profit (loss) for the period | 9904 | €38,676 | €215,082 | +€176,407 | +456.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,676 | €215,082 | +€176,407 | +456.1% |
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 10 October 2026 via checked.be.