B.M.S.: 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.S.
Largest movements
- Cash -€96,953
down €96,953 (-58.3%), from €166,261 to €69,308
mainly Other debts (-€130,893) and Trade debts (-€68,111)
- Receivables within one year -€81,165
down €81,165 (-45.1%), from €180,045 to €98,880
of which Trade receivables: -€80,145
- Tangible fixed assets -€12,194
down €12,194 (-74.3%), from €16,419 to €4,224
of which Furniture and vehicles: -€12,072
- Other debts -€130,893
down €130,893 (-66.6%), from €196,669 to €65,776
- Trade debts -€68,111
down €68,111 (-62.1%), from €109,664 to €41,553
- Profit (loss) carried forward +€31,900
new in 2025: €31,900
- Tax, wage and social debts -€10,424
down €10,424 (-28.3%), from €36,846 to €26,422
- Current portion of long-term debt -€7,397
down €7,397 (-66.5%), from €11,119 to €3,722
- Gross operating margin -€77,170
down €77,170 (-56.4%), from €136,800 to €59,629
- Taxes -€16,176
down €16,176 (-53.0%), from €30,526 to €14,349
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 | €433,748 | €245,068 | -€188,680 | -43.5% |
| Fixed assets | 21/28 | €17,419 | €5,224 | -€12,194 | -70.0% |
| Tangible fixed assets | 22/27 | €16,419 | €4,224 | -€12,194 | -74.3% |
| Plant, machinery and equipment | 23 | €123 | - | -€123 | |
| Furniture and vehicles | 24 | €16,296 | €4,224 | -€12,072 | -74.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €416,330 | €239,844 | -€176,486 | -42.4% |
| Amounts receivable within one year | 40/41 | €180,045 | €98,880 | -€81,165 | -45.1% |
| Trade receivables | 40 | €168,555 | €88,410 | -€80,145 | -47.5% |
| Other amounts receivable | 41 | €11,490 | €10,470 | -€1,020 | -8.9% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €166,261 | €69,308 | -€96,953 | -58.3% |
| Deferred charges and accrued income | 490/1 | €24 | €1,656 | +€1,632 | +6774.0% |
| Total equity and liabilities | 10/49 | €433,748 | €245,068 | -€188,680 | -43.5% |
| Equity | 10/15 | €75,690 | €107,590 | +€31,900 | +42.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,090 | €57,090 | = | 0.0% |
| Distributable reserves | 133 | €57,090 | €57,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €31,900 | +€31,900 | |
| Amounts payable | 17/49 | €358,058 | €137,477 | -€220,580 | -61.6% |
| Amounts payable after more than one year | 17 | €3,722 | - | -€3,722 | |
| Financial debts | 170/4 | €3,722 | - | -€3,722 | |
| Amounts payable within one year | 42/48 | €354,298 | €137,473 | -€216,824 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €11,119 | €3,722 | -€7,397 | -66.5% |
| Trade debts | 44 | €109,664 | €41,553 | -€68,111 | -62.1% |
| Suppliers | 440/4 | €109,664 | €41,553 | -€68,111 | -62.1% |
| Taxes, remuneration and social security | 45 | €36,846 | €26,422 | -€10,424 | -28.3% |
| Taxes | 450/3 | €36,846 | €26,422 | -€10,424 | -28.3% |
| Other amounts payable | 47/48 | €196,669 | €65,776 | -€130,893 | -66.6% |
| Accrued charges and deferred income | 492/3 | €38 | €4 | -€34 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,048 | €12,194 | +€147 | +1.2% |
| Other operating charges | 640/8 | €461 | €500 | +€39 | +8.5% |
| Gross operating margin | 9900 | €136,800 | €59,629 | -€77,170 | -56.4% |
| Operating profit (loss) | 9901 | €124,291 | €46,935 | -€77,356 | -62.2% |
| Financial income | 75/76B | €1,067 | €503 | -€564 | -52.9% |
| Recurring financial income | 75 | €1,067 | €503 | -€564 | -52.9% |
| Financial charges | 65/66B | €929 | €1,188 | +€259 | +27.9% |
| Recurring financial charges | 65 | €929 | €499 | -€430 | -46.3% |
| Non-recurring financial charges | 66B | - | €689 | +€689 | |
| Profit (loss) for the period before taxes | 9903 | €124,429 | €46,249 | -€78,180 | -62.8% |
| Income taxes | 67/77 | €30,526 | €14,349 | -€16,176 | -53.0% |
| Profit (loss) for the period | 9904 | €93,904 | €31,900 | -€62,003 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,904 | €31,900 | -€62,003 | -66.0% |
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.