BAM GROUP: 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 GROUP
Largest movements
- Deferred charges and accrued income +€11,185
new in 2025: €11,185
- Tangible fixed assets -€8,507
down €8,507 (-5.6%), from €152,967 to €144,460
of which Plant, machinery and equipment: -€82,456
- Financial fixed assets +€7,105
new in 2025: €7,105
- Cash -€4,672
down €4,672 (-44.9%), from €10,399 to €5,726
mainly Investment in fixed assets (net) (-€33,091) and Debts after one year (-€22,204)
- Debts after one year -€22,204
down €22,204 (-21.2%), from €104,774 to €82,570
- Profit (loss) carried forward +€11,168
up €11,168 (+49.0%), from €22,793 to €33,961
- Trade debts +€8,733
up €8,733 (+39.9%), from €21,911 to €30,644
- Other debts -€6,232
down €6,232 (-61.6%), from €10,109 to €3,877
- Current portion of long-term debt +€5,540
up €5,540 (+20.3%), from €27,294 to €32,834
- Gross operating margin +€61,811
up €61,811 (+206.5%), from €29,939 to €91,750
- Staff costs +€33,950
new in 2025: €33,950
- Depreciation +€10,720
up €10,720 (+45.1%), from €23,774 to €34,494
- Taxes +€3,941
new in 2025: €3,941
- Other operating charges +€1,884
up €1,884 (+1266.2%), from €149 to €2,032
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 | €195,037 | €198,493 | +€3,456 | +1.8% |
| Fixed assets | 21/28 | €152,967 | €151,565 | -€1,402 | -0.9% |
| Tangible fixed assets | 22/27 | €152,967 | €144,460 | -€8,507 | -5.6% |
| Plant, machinery and equipment | 23 | €82,456 | €0 | -€82,456 | -100.0% |
| Furniture and vehicles | 24 | €70,511 | €144,460 | +€73,949 | +104.9% |
| Financial fixed assets | 28 | - | €7,105 | +€7,105 | |
| Current assets | 29/58 | €42,069 | €46,928 | +€4,859 | +11.5% |
| Amounts receivable within one year | 40/41 | €31,671 | €30,017 | -€1,654 | -5.2% |
| Trade receivables | 40 | €28,566 | €29,551 | +€986 | +3.5% |
| Other amounts receivable | 41 | €3,105 | €465 | -€2,640 | -85.0% |
| Cash at bank and in hand | 54/58 | €10,399 | €5,726 | -€4,672 | -44.9% |
| Deferred charges and accrued income | 490/1 | - | €11,185 | +€11,185 | |
| Total equity and liabilities | 10/49 | €195,037 | €198,493 | +€3,456 | +1.8% |
| Equity | 10/15 | €27,793 | €38,961 | +€11,168 | +40.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,793 | €33,961 | +€11,168 | +49.0% |
| Amounts payable | 17/49 | €167,244 | €159,532 | -€7,712 | -4.6% |
| Amounts payable after more than one year | 17 | €104,774 | €82,570 | -€22,204 | -21.2% |
| Financial debts | 170/4 | €104,774 | €82,570 | -€22,204 | -21.2% |
| Amounts payable within one year | 42/48 | €62,469 | €71,912 | +€9,442 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €27,294 | €32,834 | +€5,540 | +20.3% |
| Trade debts | 44 | €21,911 | €30,644 | +€8,733 | +39.9% |
| Suppliers | 440/4 | €21,911 | €30,644 | +€8,733 | +39.9% |
| Taxes, remuneration and social security | 45 | €3,155 | €4,556 | +€1,401 | +44.4% |
| Taxes | 450/3 | €3,155 | €4,411 | +€1,256 | +39.8% |
| Remuneration and social security | 454/9 | - | €145 | +€145 | |
| Other amounts payable | 47/48 | €10,109 | €3,877 | -€6,232 | -61.6% |
| Accrued charges and deferred income | 492/3 | - | €5,050 | +€5,050 | |
| Remuneration, social security and pensions | 62 | - | €33,950 | +€33,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,774 | €34,494 | +€10,720 | +45.1% |
| Other operating charges | 640/8 | €149 | €2,032 | +€1,884 | +1266.2% |
| Gross operating margin | 9900 | €29,939 | €91,750 | +€61,811 | +206.5% |
| Operating profit (loss) | 9901 | €6,016 | €21,274 | +€15,258 | +253.6% |
| Financial income | 75/76B | €11 | €131 | +€120 | +1063.9% |
| Recurring financial income | 75 | €11 | €131 | +€120 | +1063.9% |
| Financial charges | 65/66B | €5,654 | €6,296 | +€642 | +11.4% |
| Recurring financial charges | 65 | €5,654 | €6,296 | +€642 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €374 | €15,109 | +€14,735 | +3940.0% |
| Income taxes | 67/77 | - | €3,941 | +€3,941 | |
| Profit (loss) for the period | 9904 | €374 | €11,168 | +€10,794 | +2886.2% |
| Profit (loss) for the period to be appropriated | 9905 | €374 | €11,168 | +€10,794 | +2886.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.