B.M.S.R.: what changed
B.M.S.R.
Largest movements
- Stocks and contracts -€11,490
no longer reported in 2025 (was €11,490)
- Other debts -€9,597
no longer reported in 2025 (was €9,597)
- Profit (loss) carried forward -€1,742
down €1,742 (-16.4%), from -€10,608 to -€12,350
- Tax, wage and social debts +€1,156
up €1,156 (+379%), from €305 to €1,461
- Trade debts -€1,136
down €1,136 (-92.2%), from €1,232 to €96
- Gross operating margin -€6,598
down €6,598, from €3,354 to -€3,243
- Financial charges +€6,449
up €6,449 (+6,261%), from €103 to €6,552
of which Non-recurring financial charges: +€6,442
- Financial income +€3,691
up €3,691 (+72.7%), from €5,075 to €8,766
of which Financial income: +€3,691
- Depreciation -€1,368
down €1,368 (-100%), from €1,368 to €0
- Other operating charges +€176
up €176 (+32.9%), from €536 to €713
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,127 | €7,807 | -€11,319 | -59.2% |
| Fixed assets | 21/28 | €1,861 | €1,861 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,711 | €1,711 | = | 0.0% |
| Furniture and vehicles | 24 | €1,211 | €1,211 | = | 0.0% |
| Other tangible fixed assets | 26 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €17,266 | €5,947 | -€11,319 | -65.6% |
| Stocks and contracts in progress | 3 | €11,490 | - | -€11,490 | |
| Stocks | 30/36 | €11,490 | - | -€11,490 | |
| Amounts receivable within one year | 40/41 | €116 | €116 | = | 0.0% |
| Other amounts receivable | 41 | €116 | €116 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,660 | €5,831 | +€171 | +3.0% |
| Total equity and liabilities | 10/49 | €19,127 | €7,807 | -€11,319 | -59.2% |
| Equity | 10/15 | €7,992 | €6,250 | -€1,742 | -21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,608 | -€12,350 | -€1,742 | -16.4% |
| Amounts payable | 17/49 | €11,135 | €1,557 | -€9,577 | -86.0% |
| Amounts payable within one year | 42/48 | €11,135 | €1,557 | -€9,577 | -86.0% |
| Trade debts | 44 | €1,232 | €96 | -€1,136 | -92.2% |
| Suppliers | 440/4 | €1,232 | €96 | -€1,136 | -92.2% |
| Taxes, remuneration and social security | 45 | €305 | €1,461 | +€1,156 | +379% |
| Taxes | 450/3 | €305 | €1,461 | +€1,156 | +379% |
| Other amounts payable | 47/48 | €9,597 | - | -€9,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,368 | €0 | -€1,368 | -100% |
| Other operating charges | 640/8 | €536 | €713 | +€176 | +32.9% |
| Gross operating margin | 9900 | €3,354 | -€3,243 | -€6,598 | |
| Operating profit (loss) | 9901 | €1,450 | -€3,956 | -€5,406 | |
| Financial income | 75/76B | €5,075 | €8,766 | +€3,691 | +72.7% |
| Recurring financial income | 75 | €5,075 | €8,766 | +€3,691 | +72.7% |
| Non-recurring financial income | 76B | €5,075 | €8,766 | +€3,691 | +72.7% |
| Financial charges | 65/66B | €103 | €6,552 | +€6,449 | +6,261% |
| Recurring financial charges | 65 | €45 | €52 | +€7 | +16.1% |
| Non-recurring financial charges | 66B | €58 | €6,500 | +€6,442 | +11,107% |
| Profit (loss) for the period before taxes | 9903 | €6,422 | -€1,742 | -€8,164 | |
| Profit (loss) for the period | 9904 | €6,422 | -€1,742 | -€8,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,422 | -€1,742 | -€8,164 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.