B.S.M. IMMO: 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.S.M. IMMO
Largest movements
- Current investments +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Tangible fixed assets -€89,478
down €89,478 (-11.6%), from €769,568 to €680,090
- Cash -€46,388
down €46,388 (-92.8%), from €50,008 to €3,620
mainly Current investments (-€100,000) and Other debts (-€65,896)
- Receivables within one year +€32,252
up €32,252 (+68.7%), from €46,975 to €79,227
of which Other amounts receivable: +€21,580
- Other debts -€65,896
down €65,896 (-58.6%), from €112,546 to €46,650
- Profit (loss) carried forward +€63,965
up €63,965 (+63.9%), from €100,085 to €164,050
- Turnover +€8,689
up €8,689 (+4.8%), from €181,457 to €190,145
- Financial income +€6,847
up €6,847 (+474%), from €1,446 to €8,293
- Services and other goods +€6,483
up €6,483 (+45.2%), from €14,355 to €20,838
- Other operating income -€4,123
down €4,123 (-19.6%), from €21,088 to €16,965
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 | €1,137,579 | €1,126,376 | -€11,203 | -1.0% |
| Fixed assets | 21/28 | €769,568 | €680,090 | -€89,478 | -11.6% |
| Tangible fixed assets | 22/27 | €769,568 | €680,090 | -€89,478 | -11.6% |
| Land and buildings | 22 | €769,568 | €680,090 | -€89,478 | -11.6% |
| Current assets | 29/58 | €368,012 | €446,286 | +€78,275 | +21.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €46,975 | €79,227 | +€32,252 | +68.7% |
| Trade receivables | 40 | €46,975 | €57,647 | +€10,672 | +22.7% |
| Other amounts receivable | 41 | - | €21,580 | +€21,580 | |
| Current investments | 50/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Other investments | 51/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €50,008 | €3,620 | -€46,388 | -92.8% |
| Deferred charges and accrued income | 490/1 | €21,028 | €13,439 | -€7,589 | -36.1% |
| Total equity and liabilities | 10/49 | €1,137,579 | €1,126,376 | -€11,203 | -1.0% |
| Equity | 10/15 | €1,007,585 | €1,071,550 | +€63,965 | +6.3% |
| Contributions | 10/11 | €825,000 | €825,000 | = | 0.0% |
| Capital | 10 | €825,000 | €825,000 | = | 0.0% |
| Issued capital | 100 | €825,000 | €825,000 | = | 0.0% |
| Reserves | 13 | €82,500 | €82,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €82,500 | €82,500 | = | 0.0% |
| Legal reserve | 130 | €82,500 | €82,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,085 | €164,050 | +€63,965 | +63.9% |
| Amounts payable | 17/49 | €129,995 | €54,826 | -€75,168 | -57.8% |
| Amounts payable within one year | 42/48 | €124,282 | €49,063 | -€75,219 | -60.5% |
| Trade debts | 44 | €2,211 | €2,190 | -€21 | -1.0% |
| Suppliers | 440/4 | €2,211 | €2,190 | -€21 | -1.0% |
| Taxes, remuneration and social security | 45 | €9,525 | €223 | -€9,301 | -97.7% |
| Taxes | 450/3 | €9,525 | €223 | -€9,301 | -97.7% |
| Other amounts payable | 47/48 | €112,546 | €46,650 | -€65,896 | -58.6% |
| Accrued charges and deferred income | 492/3 | €5,713 | €5,763 | +€50 | +0.9% |
| Operating income | 70/76A | €202,815 | €207,111 | +€4,296 | +2.1% |
| Turnover | 70 | €181,457 | €190,145 | +€8,689 | +4.8% |
| Other operating income | 74 | €21,088 | €16,965 | -€4,123 | -19.6% |
| Non-recurring operating income | 76A | €270 | €0 | -€270 | -100% |
| Operating charges | 60/66A | €121,281 | €127,304 | +€6,023 | +5.0% |
| Services and other goods | 61 | €14,355 | €20,838 | +€6,483 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,204 | €89,478 | -€726 | -0.8% |
| Other operating charges | 640/8 | €16,721 | €16,988 | +€266 | +1.6% |
| Operating profit (loss) | 9901 | €81,534 | €79,807 | -€1,727 | -2.1% |
| Financial income | 75/76B | €1,446 | €8,293 | +€6,847 | +474% |
| Recurring financial income | 75 | €1,446 | €8,293 | +€6,847 | +474% |
| Income from current assets | 751 | €1,446 | €8,291 | +€6,845 | +473% |
| Other financial income | 752/9 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,795 | €2,747 | -€48 | -1.7% |
| Recurring financial charges | 65 | €2,795 | €2,747 | -€48 | -1.7% |
| Debt charges | 650 | €1,872 | €1,862 | -€10 | -0.5% |
| Other financial charges | 652/9 | €923 | €885 | -€38 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €80,185 | €85,353 | +€5,168 | +6.4% |
| Income taxes | 67/77 | €20,848 | €21,387 | +€540 | +2.6% |
| Taxes | 670/3 | €20,848 | €21,387 | +€540 | +2.6% |
| Profit (loss) for the period | 9904 | €59,337 | €63,965 | +€4,628 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,337 | €63,965 | +€4,628 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.