BAM: 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.
BAM
Largest movements
- Tangible fixed assets -€4,171
down €4,171 (-1.6%), from €268,438 to €264,267
of which Land and buildings: -€3,842
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,456
down €5,456 (-32.4%), from €16,859 to €11,404
- Depreciation -€4,448
down €4,448 (-51.6%), from €8,619 to €4,171
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.
Cash bridge derived
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 | €416,606 | €416,267 | -€339 | -0.1% |
| Fixed assets | 21/28 | €268,438 | €264,267 | -€4,171 | -1.6% |
| Tangible fixed assets | 22/27 | €268,438 | €264,267 | -€4,171 | -1.6% |
| Land and buildings | 22 | €267,399 | €263,557 | -€3,842 | -1.4% |
| Furniture and vehicles | 24 | €1,039 | €709 | -€329 | -31.7% |
| Current assets | 29/58 | €148,168 | €152,000 | +€3,832 | +2.6% |
| Stocks and contracts in progress | 3 | €132,054 | €133,855 | +€1,801 | +1.4% |
| Stocks | 30/36 | €132,054 | €133,855 | +€1,801 | +1.4% |
| Amounts receivable within one year | 40/41 | €100 | €100 | = | 0.0% |
| Other amounts receivable | 41 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,636 | €14,942 | +€1,306 | +9.6% |
| Deferred charges and accrued income | 490/1 | €2,378 | €3,104 | +€725 | +30.5% |
| Total equity and liabilities | 10/49 | €416,606 | €416,267 | -€339 | -0.1% |
| Equity | 10/15 | €209,327 | €206,544 | -€2,783 | -1.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €49,416 | €49,416 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,700 | €12,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,700 | €12,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €33,742 | €33,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,911 | €7,128 | -€2,783 | -28.1% |
| Amounts payable | 17/49 | €207,279 | €209,723 | +€2,444 | +1.2% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Financial debts | 170/4 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,454 | €98,046 | +€592 | +0.6% |
| Trade debts | 44 | €1,810 | €2,602 | +€792 | +43.8% |
| Suppliers | 440/4 | €1,810 | €2,602 | +€792 | +43.8% |
| Taxes, remuneration and social security | 45 | €2,706 | €4,481 | +€1,775 | +65.6% |
| Taxes | 450/3 | €2,706 | €4,481 | +€1,775 | +65.6% |
| Other amounts payable | 47/48 | €92,938 | €90,963 | -€1,975 | -2.1% |
| Accrued charges and deferred income | 492/3 | €4,825 | €6,677 | +€1,852 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,619 | €4,171 | -€4,448 | -51.6% |
| Other operating charges | 640/8 | €3,770 | €3,901 | +€131 | +3.5% |
| Gross operating margin | 9900 | €16,859 | €11,404 | -€5,456 | -32.4% |
| Operating profit (loss) | 9901 | €4,471 | €3,331 | -€1,139 | -25.5% |
| Financial charges | 65/66B | €6,181 | €6,114 | -€66 | -1.1% |
| Recurring financial charges | 65 | €6,181 | €6,114 | -€66 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,710 | -€2,783 | -€1,073 | -62.7% |
| Profit (loss) for the period | 9904 | -€1,710 | -€2,783 | -€1,073 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,710 | -€2,783 | -€1,073 | -62.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.