B.M.S.: 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.S.
Largest movements
- Receivables within one year +€274,821
up €274,821 (+96.5%), from €284,878 to €559,699
of which Trade receivables: +€256,904
- Tangible fixed assets -€80,298
down €80,298 (-14.6%), from €548,958 to €468,660
of which Land and buildings: -€61,771
- Cash -€33,491
down €33,491 (-4.2%), from €794,902 to €761,411
mainly Receivables within one year (-€274,821) and Contributions, distributions and other (-€104,755)
- Reserves +€177,982
up €177,982 (+11.7%), from €1.5m to €1.7m
- Debts after one year -€22,762
down €22,762 (-100%), from €22,762 to €0
- Gross operating margin +€305,982
up €305,982 (+101%), from €303,253 to €609,235
- Taxes +€92,907
up €92,907 (+289%), from €32,150 to €125,056
- Staff costs +€17,392
up €17,392 (+22.1%), from €78,827 to €96,220
- Depreciation -€7,428
down €7,428 (-6.7%), from €110,204 to €102,776
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 | €1,641,662 | €1,804,496 | +€162,835 | +9.9% |
| Fixed assets | 21/28 | €549,536 | €469,238 | -€80,298 | -14.6% |
| Tangible fixed assets | 22/27 | €548,958 | €468,660 | -€80,298 | -14.6% |
| Land and buildings | 22 | €458,476 | €396,705 | -€61,771 | -13.5% |
| Plant, machinery and equipment | 23 | €67,186 | €45,524 | -€21,663 | -32.2% |
| Furniture and vehicles | 24 | €23,296 | €26,432 | +€3,136 | +13.5% |
| Financial fixed assets | 28 | €578 | €578 | = | 0.0% |
| Current assets | 29/58 | €1,092,126 | €1,335,259 | +€243,133 | +22.3% |
| Amounts receivable within one year | 40/41 | €284,878 | €559,699 | +€274,821 | +96.5% |
| Trade receivables | 40 | €181,465 | €438,369 | +€256,904 | +142% |
| Other amounts receivable | 41 | €103,412 | €121,329 | +€17,917 | +17.3% |
| Cash at bank and in hand | 54/58 | €794,902 | €761,411 | -€33,491 | -4.2% |
| Deferred charges and accrued income | 490/1 | €12,346 | €14,149 | +€1,803 | +14.6% |
| Total equity and liabilities | 10/49 | €1,641,662 | €1,804,496 | +€162,835 | +9.9% |
| Equity | 10/15 | €1,546,473 | €1,724,455 | +€177,982 | +11.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,527,473 | €1,705,455 | +€177,982 | +11.7% |
| Distributable reserves | 133 | €1,527,473 | €1,705,455 | +€177,982 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,189 | €80,042 | -€15,147 | -15.9% |
| Amounts payable after more than one year | 17 | €22,762 | €0 | -€22,762 | -100% |
| Financial debts | 170/4 | €22,762 | €0 | -€22,762 | -100% |
| Amounts payable within one year | 42/48 | €72,427 | €80,042 | +€7,615 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €29,949 | €22,762 | -€7,187 | -24.0% |
| Trade debts | 44 | €3,470 | €14,719 | +€11,248 | +324% |
| Suppliers | 440/4 | €3,470 | €14,719 | +€11,248 | +324% |
| Taxes, remuneration and social security | 45 | €39,008 | €41,719 | +€2,711 | +7.0% |
| Taxes | 450/3 | €27,511 | €24,555 | -€2,956 | -10.7% |
| Remuneration and social security | 454/9 | €11,497 | €17,164 | +€5,667 | +49.3% |
| Other amounts payable | 47/48 | €0 | €842 | +€842 | |
| Non-recurring operating income | 76A | €21,000 | €0 | -€21,000 | -100% |
| Remuneration, social security and pensions | 62 | €78,827 | €96,220 | +€17,392 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,204 | €102,776 | -€7,428 | -6.7% |
| Other operating charges | 640/8 | €14,429 | €10,465 | -€3,964 | -27.5% |
| Gross operating margin | 9900 | €303,253 | €609,235 | +€305,982 | +101% |
| Operating profit (loss) | 9901 | €99,793 | €399,773 | +€299,981 | +301% |
| Financial income | 75/76B | €9,104 | €9,344 | +€240 | +2.6% |
| Recurring financial income | 75 | €9,104 | €9,344 | +€240 | +2.6% |
| Financial charges | 65/66B | €1,811 | €1,325 | -€486 | -26.8% |
| Recurring financial charges | 65 | €1,811 | €1,325 | -€486 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €107,086 | €407,793 | +€300,707 | +281% |
| Income taxes | 67/77 | €32,150 | €125,056 | +€92,907 | +289% |
| Profit (loss) for the period | 9904 | €74,936 | €282,737 | +€207,800 | +277% |
| Profit (loss) for the period to be appropriated | 9905 | €74,936 | €282,737 | +€207,800 | +277% |
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 22 October 2026 via checked.be.