B.M.T.: 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.T.
Largest movements
- Cash +€43,015
up €43,015 (+8.5%), from €506,726 to €549,741
mainly Net result for the year (+€38,281) and Tax, wage and social debts (+€4,202)
- Reserves +€38,281
up €38,281 (+7.6%), from €503,835 to €542,115
of which Distributable reserves: +€39,538
- Gross operating margin +€29,795
up €29,795 (+109%), from €27,427 to €57,223
- Financial income -€10,546
down €10,546 (-77.3%), from €13,638 to €3,092
- Taxes +€6,269
up €6,269 (+60.7%), from €10,325 to €16,594
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 | €586,076 | €627,999 | +€41,923 | +7.2% |
| Fixed assets | 21/28 | €52,198 | €52,027 | -€171 | -0.3% |
| Tangible fixed assets | 22/27 | €52,198 | €52,027 | -€171 | -0.3% |
| Land and buildings | 22 | €51,992 | €48,929 | -€3,063 | -5.9% |
| Furniture and vehicles | 24 | €206 | €3,098 | +€2,891 | +1,401% |
| Current assets | 29/58 | €533,878 | €575,973 | +€42,095 | +7.9% |
| Amounts receivable within one year | 40/41 | €27,152 | €26,232 | -€921 | -3.4% |
| Trade receivables | 40 | €27,152 | €26,232 | -€921 | -3.4% |
| Cash at bank and in hand | 54/58 | €506,726 | €549,741 | +€43,015 | +8.5% |
| Total equity and liabilities | 10/49 | €586,076 | €627,999 | +€41,923 | +7.2% |
| Equity | 10/15 | €533,582 | €571,863 | +€38,281 | +7.2% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €503,835 | €542,115 | +€38,281 | +7.6% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,975 | €2,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,111 | €7,854 | -€1,258 | -13.8% |
| Distributable reserves | 133 | €491,749 | €531,287 | +€39,538 | +8.0% |
| Provisions and deferred taxes | 16 | €2,917 | €2,514 | -€403 | -13.8% |
| Deferred taxes | 168 | €2,917 | €2,514 | -€403 | -13.8% |
| Amounts payable | 17/49 | €49,577 | €53,623 | +€4,045 | +8.2% |
| Amounts payable within one year | 42/48 | €38,092 | €41,641 | +€3,550 | +9.3% |
| Financial debts | 43 | €7,000 | €7,000 | = | 0.0% |
| Other loans | 439 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €3,708 | €3,056 | -€652 | -17.6% |
| Suppliers | 440/4 | €3,708 | €3,056 | -€652 | -17.6% |
| Taxes, remuneration and social security | 45 | €27,384 | €31,585 | +€4,202 | +15.3% |
| Taxes | 450/3 | €24,713 | €30,553 | +€5,840 | +23.6% |
| Remuneration and social security | 454/9 | €2,670 | €1,032 | -€1,638 | -61.3% |
| Accrued charges and deferred income | 492/3 | €11,486 | €11,981 | +€496 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,675 | €4,186 | +€510 | +13.9% |
| Other operating charges | 640/8 | €1,159 | €1,121 | -€38 | -3.3% |
| Gross operating margin | 9900 | €27,427 | €57,223 | +€29,795 | +109% |
| Operating profit (loss) | 9901 | €22,593 | €51,916 | +€29,323 | +130% |
| Financial income | 75/76B | €13,638 | €3,092 | -€10,546 | -77.3% |
| Recurring financial income | 75 | €13,638 | €3,092 | -€10,546 | -77.3% |
| Financial charges | 65/66B | €764 | €536 | -€228 | -29.8% |
| Recurring financial charges | 65 | €764 | €536 | -€228 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €35,467 | €54,472 | +€19,005 | +53.6% |
| Transfer from deferred taxes | 780 | €403 | €403 | = | 0.0% |
| Income taxes | 67/77 | €10,325 | €16,594 | +€6,269 | +60.7% |
| Profit (loss) for the period | 9904 | €25,545 | €38,281 | +€12,735 | +49.9% |
| Transfer from tax-exempt reserves | 789 | €1,258 | €1,258 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,803 | €39,538 | +€12,735 | +47.5% |
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 15 October 2026 via checked.be.