B-Mai: 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-Mai
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€145,098
2024 · €154,181-€9,083
Equity
€94,279
2024 · €84,181+€10,098
Cash
€25,174
2024 · €10,814+€14,360
Balance sheet total
€772,169
2024 · €838,163-€65,994
Largest movements
Assets
- Tangible fixed assets -€44,498
down €44,498 (-6.6%), from €671,572 to €627,074
of which Furniture and vehicles: -€29,494
- Receivables after one year -€30,972
down €30,972 (-84.3%), from €36,762 to €5,790
- Cash +€14,360
up €14,360 (+133%), from €10,814 to €25,174
mainly Net result for the year (+€145,098) and Depreciation (+€55,595)
Equity and liabilities
- Debts after one year -€47,666
down €47,666 (-8.5%), from €563,145 to €515,479
- Other debts -€40,976
down €40,976 (-43.6%), from €93,929 to €52,953
- Short-term financial debts +€11,769
new in 2025: €11,769
- Reserves +€10,098
up €10,098 (+13.6%), from €74,181 to €84,279
Income statement
- Gross operating margin -€27,239
down €27,239 (-7.9%), from €343,504 to €316,265
- Taxes -€14,069
down €14,069 (-29.5%), from €47,678 to €33,608
- Staff costs +€4,647
up €4,647 (+8.3%), from €56,146 to €60,793
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
€154,181
Gross operating margin
-€27,239
Staff costs
-€4,647
Depreciation
-€15
Other operating charges
-€50
Other operating items
+€6,583
Financial income
+€1,186
Financial charges
+€1,029
Taxes
+€14,069
Result 2025
€145,098
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
+€195,170
Investment
-€11,097
Financing
-€169,714
Cash 2024
€10,814
From operations (derived)
+€195,170
Net result for the year
+€145,098
Depreciation
+€55,595
Receivables after one year
+€30,972
Receivables within one year
+€5,726
Deferred charges and accrued income
-€844
Trade debts
+€1,282
Tax, wage and social debts
-€2,128
Other debts
-€40,976
Accrued charges and deferred income
+€444
Investment (derived)
-€11,097
Investment in fixed assets (net)
-€11,097
Financing
-€169,714
Debts after one year
-€47,666
Current portion of long-term debt
+€1,184
Short-term financial debts
+€11,769
Contributions, distributions and other
-€135,000
Cash 2025
€25,174
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,163 | €772,169 | -€65,994 | -7.9% |
| Fixed assets | 21/28 | €671,572 | €627,074 | -€44,498 | -6.6% |
| Tangible fixed assets | 22/27 | €671,572 | €627,074 | -€44,498 | -6.6% |
| Land and buildings | 22 | €570,148 | €553,459 | -€16,689 | -2.9% |
| Plant, machinery and equipment | 23 | €135 | €1,820 | +€1,684 | +1,243% |
| Furniture and vehicles | 24 | €101,289 | €71,795 | -€29,494 | -29.1% |
| Current assets | 29/58 | €166,591 | €145,095 | -€21,495 | -12.9% |
| Amounts receivable after more than one year | 29 | €36,762 | €5,790 | -€30,972 | -84.3% |
| Other amounts receivable | 291 | €36,762 | €5,790 | -€30,972 | -84.3% |
| Amounts receivable within one year | 40/41 | €62,726 | €57,000 | -€5,726 | -9.1% |
| Trade receivables | 40 | €58,281 | €43,497 | -€14,785 | -25.4% |
| Other amounts receivable | 41 | €4,445 | €13,503 | +€9,059 | +204% |
| Current investments | 50/53 | €47,133 | €47,133 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,814 | €25,174 | +€14,360 | +133% |
| Deferred charges and accrued income | 490/1 | €9,155 | €9,999 | +€844 | +9.2% |
| Total equity and liabilities | 10/49 | €838,163 | €772,169 | -€65,994 | -7.9% |
| Equity | 10/15 | €84,181 | €94,279 | +€10,098 | +12.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €74,181 | €84,279 | +€10,098 | +13.6% |
| Distributable reserves | 133 | €74,181 | €84,279 | +€10,098 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €753,982 | €677,890 | -€76,092 | -10.1% |
| Amounts payable after more than one year | 17 | €563,145 | €515,479 | -€47,666 | -8.5% |
| Financial debts | 170/4 | €563,145 | €515,479 | -€47,666 | -8.5% |
| Amounts payable within one year | 42/48 | €190,027 | €161,158 | -€28,869 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €53,392 | €54,576 | +€1,184 | +2.2% |
| Financial debts | 43 | - | €11,769 | +€11,769 | |
| Credit institutions | 430/8 | - | €11,769 | +€11,769 | |
| Trade debts | 44 | €2,851 | €4,133 | +€1,282 | +45.0% |
| Suppliers | 440/4 | €2,851 | €4,133 | +€1,282 | +45.0% |
| Taxes, remuneration and social security | 45 | €39,855 | €37,728 | -€2,128 | -5.3% |
| Taxes | 450/3 | €30,626 | €22,758 | -€7,868 | -25.7% |
| Remuneration and social security | 454/9 | €9,229 | €14,970 | +€5,740 | +62.2% |
| Other amounts payable | 47/48 | €93,929 | €52,953 | -€40,976 | -43.6% |
| Accrued charges and deferred income | 492/3 | €810 | €1,254 | +€444 | +54.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €56,146 | €60,793 | +€4,647 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,580 | €55,595 | +€15 | 0.0% |
| Other operating charges | 640/8 | €4,119 | €4,170 | +€50 | +1.2% |
| Non-recurring operating charges | 66A | €6,583 | €0 | -€6,583 | -100% |
| Gross operating margin | 9900 | €343,504 | €316,265 | -€27,239 | -7.9% |
| Operating profit (loss) | 9901 | €221,075 | €195,708 | -€25,367 | -11.5% |
| Financial income | 75/76B | €2,825 | €4,011 | +€1,186 | +42.0% |
| Recurring financial income | 75 | €2,825 | €4,011 | +€1,186 | +42.0% |
| Financial charges | 65/66B | €22,042 | €21,013 | -€1,029 | -4.7% |
| Recurring financial charges | 65 | €22,042 | €21,013 | -€1,029 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €201,858 | €178,706 | -€23,152 | -11.5% |
| Income taxes | 67/77 | €47,678 | €33,608 | -€14,069 | -29.5% |
| Profit (loss) for the period | 9904 | €154,181 | €145,098 | -€9,083 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €154,181 | €145,098 | -€9,083 | -5.9% |
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 17 October 2026 via checked.be.