BAM: what changed
Two fiscal 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
- Financial fixed assets +€266,000
up €266,000 (+255.8%), from €104,000 to €370,000
- Receivables within one year -€77,275
down €77,275 (-96.7%), from €79,914 to €2,640
of which Other amounts receivable: -€44,522
- Deferred charges and accrued income +€47,682
up €47,682 (+5664.1%), from €842 to €48,524
- Cash +€7,555
up €7,555 (+117.0%), from €6,458 to €14,013
mainly Other debts (+€193,826) and Receivables within one year (+€77,275)
- Other debts +€193,826
new in 2025: €193,826
- Reserves +€29,582
up €29,582 (+17.2%), from €171,755 to €201,337
- Trade debts +€10,412
up €10,412 (+558.0%), from €1,866 to €12,278
- Tax, wage and social debts +€4,867
up €4,867 (+36.9%), from €13,200 to €18,068
- Accrued charges and deferred income +€4,668
new in 2025: €4,668
- Gross operating margin -€90,329
down €90,329 (-91.3%), from €98,969 to €8,641
- Financial income +€46,982
up €46,982 (+5581.0%), from €842 to €47,823
- Financial charges +€10,299
up €10,299 (+1085.1%), from €949 to €11,248
- Taxes -€8,131
down €8,131 (-39.1%), from €20,800 to €12,669
- Other operating charges +€1,780
up €1,780 (+308.3%), from €577 to €2,358
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 | €191,822 | €435,176 | +€243,355 | +126.9% |
| Fixed assets | 21/28 | €104,607 | €370,000 | +€265,393 | +253.7% |
| Tangible fixed assets | 22/27 | €607 | €0 | -€607 | -100.0% |
| Furniture and vehicles | 24 | €607 | €0 | -€607 | -100.0% |
| Financial fixed assets | 28 | €104,000 | €370,000 | +€266,000 | +255.8% |
| Current assets | 29/58 | €87,214 | €65,176 | -€22,038 | -25.3% |
| Amounts receivable within one year | 40/41 | €79,914 | €2,640 | -€77,275 | -96.7% |
| Trade receivables | 40 | €32,753 | €0 | -€32,753 | -100.0% |
| Other amounts receivable | 41 | €47,161 | €2,640 | -€44,522 | -94.4% |
| Cash at bank and in hand | 54/58 | €6,458 | €14,013 | +€7,555 | +117.0% |
| Deferred charges and accrued income | 490/1 | €842 | €48,524 | +€47,682 | +5664.1% |
| Total equity and liabilities | 10/49 | €191,822 | €435,176 | +€243,355 | +126.9% |
| Equity | 10/15 | €176,755 | €206,337 | +€29,582 | +16.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €171,755 | €201,337 | +€29,582 | +17.2% |
| Distributable reserves | 133 | €171,755 | €201,337 | +€29,582 | +17.2% |
| Amounts payable | 17/49 | €15,066 | €228,840 | +€213,773 | +1418.9% |
| Amounts payable within one year | 42/48 | €15,066 | €224,172 | +€209,105 | +1387.9% |
| Trade debts | 44 | €1,866 | €12,278 | +€10,412 | +558.0% |
| Suppliers | 440/4 | €1,866 | €12,278 | +€10,412 | +558.0% |
| Taxes, remuneration and social security | 45 | €13,200 | €18,068 | +€4,867 | +36.9% |
| Taxes | 450/3 | €13,200 | €18,068 | +€4,867 | +36.9% |
| Other amounts payable | 47/48 | - | €193,826 | +€193,826 | |
| Accrued charges and deferred income | 492/3 | - | €4,668 | +€4,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,082 | €607 | -€474 | -43.9% |
| Other operating charges | 640/8 | €577 | €2,358 | +€1,780 | +308.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €98,969 | €8,641 | -€90,329 | -91.3% |
| Operating profit (loss) | 9901 | €97,310 | €5,676 | -€91,634 | -94.2% |
| Financial income | 75/76B | €842 | €47,823 | +€46,982 | +5581.0% |
| Recurring financial income | 75 | €842 | €47,823 | +€46,982 | +5581.0% |
| Financial charges | 65/66B | €949 | €11,248 | +€10,299 | +1085.1% |
| Recurring financial charges | 65 | €949 | €11,248 | +€10,299 | +1085.1% |
| Profit (loss) for the period before taxes | 9903 | €97,203 | €42,251 | -€54,952 | -56.5% |
| Income taxes | 67/77 | €20,800 | €12,669 | -€8,131 | -39.1% |
| Profit (loss) for the period | 9904 | €76,402 | €29,582 | -€46,821 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,402 | €29,582 | -€46,821 | -61.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.