B&M PROJECTS: 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.
What changed
B&M PROJECTS
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€265,426
2024 · €250,413+€15,013
Equity
€1.3m
2024 · €1.2m+€115,026
Cash
€568,742
2024 · €561,466+€7,277
Balance sheet total
€2.3m
2024 · €1.6m+€784,499
Largest movements
Assets
- Tangible fixed assets +€768,137
up €768,137 (+360%), from €213,545 to €981,683
of which Plant, machinery and equipment: +€571,047
Equity and liabilities
- Debts after one year +€447,934
up €447,934 (+504%), from €88,876 to €536,810
- Other debts +€150,400
up €150,400, from €0 to €150,400
- Reserves +€115,072
up €115,072 (+10.0%), from €1.1m to €1.3m
of which Distributable reserves: +€115,072
- Current portion of long-term debt +€64,092
up €64,092 (+84.6%), from €75,798 to €139,890
Income statement
- Gross operating margin +€88,349
up €88,349 (+11.7%), from €754,861 to €843,210
- Depreciation +€26,958
up €26,958 (+50.3%), from €53,572 to €80,529
- Staff costs +€26,688
up €26,688 (+8.6%), from €309,745 to €336,433
- Financial charges +€12,962
up €12,962 (+106%), from €12,240 to €25,202
- Other operating charges -€8,749
down €8,749 (-39.4%), from €22,185 to €13,436
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.
Result 2024
€250,413
Gross operating margin
+€88,349
Staff costs
-€26,688
Depreciation
-€26,958
Other operating charges
+€8,749
Other operating items
-€9,230
Financial income
+€1,041
Financial charges
-€12,962
Taxes
-€7,288
Result 2025
€265,426
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€511,543
Investment
-€846,041
Financing
+€341,775
Cash 2024
€561,466
From operations (derived)
+€511,543
Net result for the year
+€265,426
Depreciation
+€80,529
Receivables within one year
-€13,453
Deferred charges and accrued income
+€1,743
Trade debts
+€12,175
Tax, wage and social debts
+€14,723
Other debts
+€150,400
Investment (derived)
-€846,041
Investment in fixed assets (net)
-€846,041
Financing
+€341,775
Debts after one year
+€447,934
Current portion of long-term debt
+€64,092
Short-term financial debts
-€19,850
Contributions, distributions and other
-€150,400
Cash 2025
€568,742
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,561,021 | €2,345,521 | +€784,499 | +50.3% |
| Fixed assets | 21/28 | €218,357 | €983,869 | +€765,512 | +351% |
| Intangible fixed assets | 21 | €4,811 | €2,186 | -€2,625 | -54.6% |
| Tangible fixed assets | 22/27 | €213,545 | €981,683 | +€768,137 | +360% |
| Land and buildings | 22 | €34,793 | €119,807 | +€85,013 | +244% |
| Plant, machinery and equipment | 23 | €136,216 | €707,263 | +€571,047 | +419% |
| Furniture and vehicles | 24 | €27,793 | €154,613 | +€126,820 | +456% |
| Leasing and similar rights | 25 | €14,743 | €0 | -€14,743 | -100% |
| Current assets | 29/58 | €1,342,664 | €1,361,652 | +€18,987 | +1.4% |
| Amounts receivable after more than one year | 29 | €71,967 | €71,967 | = | 0.0% |
| Other amounts receivable | 291 | €71,967 | €71,967 | = | 0.0% |
| Stocks and contracts in progress | 3 | €140,656 | €140,656 | = | 0.0% |
| Stocks | 30/36 | €140,656 | €140,656 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €364,204 | €377,657 | +€13,453 | +3.7% |
| Trade receivables | 40 | €271,842 | €197,971 | -€73,871 | -27.2% |
| Other amounts receivable | 41 | €92,362 | €179,686 | +€87,324 | +94.5% |
| Current investments | 50/53 | €198,057 | €198,057 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €561,466 | €568,742 | +€7,277 | +1.3% |
| Deferred charges and accrued income | 490/1 | €6,315 | €4,572 | -€1,743 | -27.6% |
| Total equity and liabilities | 10/49 | €1,561,021 | €2,345,521 | +€784,499 | +50.3% |
| Equity | 10/15 | €1,168,544 | €1,283,569 | +€115,026 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,149,898 | €1,264,969 | +€115,072 | +10.0% |
| Non-distributable reserves | 130/1 | €198,057 | €198,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €198,057 | €198,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,750 | €12,750 | = | 0.0% |
| Distributable reserves | 133 | €939,090 | €1,054,162 | +€115,072 | +12.3% |
| Profit (loss) carried forward | 14 | €46 | - | -€46 | |
| Amounts payable | 17/49 | €392,478 | €1,061,951 | +€669,474 | +171% |
| Amounts payable after more than one year | 17 | €88,876 | €536,810 | +€447,934 | +504% |
| Financial debts | 170/4 | €88,876 | €536,810 | +€447,934 | +504% |
| Amounts payable within one year | 42/48 | €303,601 | €525,141 | +€221,540 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €75,798 | €139,890 | +€64,092 | +84.6% |
| Financial debts | 43 | €46,807 | €26,957 | -€19,850 | -42.4% |
| Credit institutions | 430/8 | €46,807 | €26,957 | -€19,850 | -42.4% |
| Trade debts | 44 | €125,399 | €137,574 | +€12,175 | +9.7% |
| Suppliers | 440/4 | €125,399 | €137,574 | +€12,175 | +9.7% |
| Taxes, remuneration and social security | 45 | €55,598 | €70,321 | +€14,723 | +26.5% |
| Taxes | 450/3 | €25,890 | €37,068 | +€11,179 | +43.2% |
| Remuneration and social security | 454/9 | €29,708 | €33,253 | +€3,545 | +11.9% |
| Other amounts payable | 47/48 | €0 | €150,400 | +€150,400 | |
| Non-recurring operating income | 76A | - | €7,745 | +€7,745 | |
| Remuneration, social security and pensions | 62 | €309,745 | €336,433 | +€26,688 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,572 | €80,529 | +€26,958 | +50.3% |
| Other operating charges | 640/8 | €22,185 | €13,436 | -€8,749 | -39.4% |
| Non-recurring operating charges | 66A | - | €9,230 | +€9,230 | |
| Gross operating margin | 9900 | €754,861 | €843,210 | +€88,349 | +11.7% |
| Operating profit (loss) | 9901 | €369,359 | €403,580 | +€34,222 | +9.3% |
| Financial income | 75/76B | €8,185 | €9,226 | +€1,041 | +12.7% |
| Recurring financial income | 75 | €8,185 | €9,226 | +€1,041 | +12.7% |
| Financial charges | 65/66B | €12,240 | €25,202 | +€12,962 | +106% |
| Recurring financial charges | 65 | €12,240 | €25,202 | +€12,962 | +106% |
| Profit (loss) for the period before taxes | 9903 | €365,303 | €387,604 | +€22,301 | +6.1% |
| Income taxes | 67/77 | €114,890 | €122,178 | +€7,288 | +6.3% |
| Profit (loss) for the period | 9904 | €250,413 | €265,426 | +€15,013 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €250,413 | €265,426 | +€15,013 | +6.0% |
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 25 October 2026 via checked.be.