B.U.M.: 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.U.M.
Largest movements
- Cash -€39,242
down €39,242 (-20.4%), from €192,401 to €153,158
mainly Investment in fixed assets (net) (-€42,472) and Contributions, distributions and other (-€15,047)
- Tangible fixed assets +€33,648
up €33,648 (+96.2%), from €34,994 to €68,642
of which Furniture and vehicles: +€26,994
- Receivables within one year -€8,433
down €8,433 (-22.3%), from €37,806 to €29,373
of which Trade receivables: -€6,598
- Trade debts -€7,322
down €7,322 (-48.1%), from €15,220 to €7,898
- Reserves -€3,541
down €3,541 (-1.3%), from €275,303 to €271,762
- Gross operating margin -€37,856
down €37,856 (-58.4%), from €64,789 to €26,934
- Taxes -€11,768
down €11,768 (-65.7%), from €17,922 to €6,153
- Depreciation +€4,121
up €4,121 (+87.6%), from €4,703 to €8,824
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 | €307,824 | €295,712 | -€12,112 | -3.9% |
| Fixed assets | 21/28 | €37,021 | €70,669 | +€33,648 | +90.9% |
| Tangible fixed assets | 22/27 | €34,994 | €68,642 | +€33,648 | +96.2% |
| Land and buildings | 22 | €20,632 | €22,590 | +€1,958 | +9.5% |
| Plant, machinery and equipment | 23 | - | €5,834 | +€5,834 | |
| Furniture and vehicles | 24 | €12,406 | €39,399 | +€26,994 | +218% |
| Other tangible fixed assets | 26 | €1,956 | €820 | -€1,136 | -58.1% |
| Financial fixed assets | 28 | €2,027 | €2,027 | = | 0.0% |
| Current assets | 29/58 | €270,803 | €225,043 | -€45,760 | -16.9% |
| Amounts receivable within one year | 40/41 | €37,806 | €29,373 | -€8,433 | -22.3% |
| Trade receivables | 40 | €25,408 | €18,810 | -€6,598 | -26.0% |
| Other amounts receivable | 41 | €12,398 | €10,563 | -€1,835 | -14.8% |
| Current investments | 50/53 | €35,490 | €35,490 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €192,401 | €153,158 | -€39,242 | -20.4% |
| Deferred charges and accrued income | 490/1 | €5,106 | €7,022 | +€1,915 | +37.5% |
| Total equity and liabilities | 10/49 | €307,824 | €295,712 | -€12,112 | -3.9% |
| Equity | 10/15 | €284,306 | €280,765 | -€3,541 | -1.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €275,303 | €271,762 | -€3,541 | -1.3% |
| Distributable reserves | 133 | €275,303 | €271,762 | -€3,541 | -1.3% |
| Profit (loss) carried forward | 14 | €4 | €4 | = | 0.0% |
| Amounts payable | 17/49 | €23,518 | €14,947 | -€8,571 | -36.4% |
| Amounts payable within one year | 42/48 | €23,518 | €14,947 | -€8,571 | -36.4% |
| Trade debts | 44 | €15,220 | €7,898 | -€7,322 | -48.1% |
| Suppliers | 440/4 | €15,220 | €7,898 | -€7,322 | -48.1% |
| Taxes, remuneration and social security | 45 | €8,299 | €7,049 | -€1,250 | -15.1% |
| Taxes | 450/3 | €5,746 | €4,475 | -€1,271 | -22.1% |
| Remuneration and social security | 454/9 | €2,553 | €2,574 | +€21 | +0.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,703 | €8,824 | +€4,121 | +87.6% |
| Other operating charges | 640/8 | €1,360 | €1,379 | +€18 | +1.3% |
| Gross operating margin | 9900 | €64,789 | €26,934 | -€37,856 | -58.4% |
| Operating profit (loss) | 9901 | €58,726 | €16,731 | -€41,995 | -71.5% |
| Financial income | 75/76B | €840 | €1,151 | +€311 | +37.1% |
| Recurring financial income | 75 | €840 | €1,151 | +€311 | +37.1% |
| Financial charges | 65/66B | €222 | €222 | +€0 | 0.0% |
| Recurring financial charges | 65 | €222 | €222 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €59,343 | €17,660 | -€41,683 | -70.2% |
| Income taxes | 67/77 | €17,922 | €6,153 | -€11,768 | -65.7% |
| Profit (loss) for the period | 9904 | €41,422 | €11,507 | -€29,915 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,422 | €11,507 | -€29,915 | -72.2% |
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 13 October 2026 via checked.be.