BAM-Projects: 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-Projects
Largest movements
- Tangible fixed assets -€22,757
down €22,757 (-29.3%), from €77,798 to €55,041
of which Furniture and vehicles: -€19,855
- Stocks and contracts +€21,396
up €21,396 (+120%), from €17,829 to €39,225
- Receivables within one year -€17,394
down €17,394 (-36.7%), from €47,415 to €30,021
of which Trade receivables: -€10,804
- Cash -€5,267
down €5,267 (-16.1%), from €32,721 to €27,454
mainly Trade debts (-€23,585) and Stocks and contracts (-€21,396)
- Trade debts -€23,585
down €23,585 (-90.6%), from €26,022 to €2,437
- Profit (loss) carried forward +€13,246
up €13,246 (+13.9%), from €95,486 to €108,732
- Tax, wage and social debts -€7,447
down €7,447 (-93.7%), from €7,947 to €500
- Debts after one year -€7,413
down €7,413 (-34.2%), from €21,655 to €14,241
- Depreciation +€8,843
up €8,843 (+63.6%), from €13,914 to €22,757
- Taxes -€6,862
down €6,862 (-59.9%), from €11,447 to €4,585
- Gross operating margin -€6,333
down €6,333 (-13.1%), from €48,438 to €42,105
- Other operating charges -€486
down €486 (-35.3%), from €1,375 to €889
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 | €181,848 | €156,889 | -€24,958 | -13.7% |
| Fixed assets | 21/28 | €77,798 | €55,041 | -€22,757 | -29.3% |
| Tangible fixed assets | 22/27 | €77,798 | €55,041 | -€22,757 | -29.3% |
| Plant, machinery and equipment | 23 | €4,940 | €2,038 | -€2,902 | -58.7% |
| Furniture and vehicles | 24 | €72,857 | €53,003 | -€19,855 | -27.3% |
| Current assets | 29/58 | €104,050 | €101,848 | -€2,202 | -2.1% |
| Stocks and contracts in progress | 3 | €17,829 | €39,225 | +€21,396 | +120% |
| Stocks | 30/36 | €17,829 | €39,225 | +€21,396 | +120% |
| Amounts receivable within one year | 40/41 | €47,415 | €30,021 | -€17,394 | -36.7% |
| Trade receivables | 40 | €20,167 | €9,364 | -€10,804 | -53.6% |
| Other amounts receivable | 41 | €27,248 | €20,657 | -€6,591 | -24.2% |
| Cash at bank and in hand | 54/58 | €32,721 | €27,454 | -€5,267 | -16.1% |
| Deferred charges and accrued income | 490/1 | €6,085 | €5,149 | -€936 | -15.4% |
| Total equity and liabilities | 10/49 | €181,848 | €156,889 | -€24,958 | -13.7% |
| Equity | 10/15 | €119,052 | €132,298 | +€13,246 | +11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,166 | €11,166 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,306 | €9,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,486 | €108,732 | +€13,246 | +13.9% |
| Amounts payable | 17/49 | €62,796 | €24,591 | -€38,205 | -60.8% |
| Amounts payable after more than one year | 17 | €21,655 | €14,241 | -€7,413 | -34.2% |
| Financial debts | 170/4 | €21,655 | €14,241 | -€7,413 | -34.2% |
| Amounts payable within one year | 42/48 | €41,142 | €10,350 | -€30,792 | -74.8% |
| Current portion of amounts payable after more than one year | 42 | €7,173 | €7,413 | +€240 | +3.3% |
| Trade debts | 44 | €26,022 | €2,437 | -€23,585 | -90.6% |
| Suppliers | 440/4 | €26,022 | €2,437 | -€23,585 | -90.6% |
| Taxes, remuneration and social security | 45 | €7,947 | €500 | -€7,447 | -93.7% |
| Taxes | 450/3 | €7,947 | €500 | -€7,447 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,914 | €22,757 | +€8,843 | +63.6% |
| Other operating charges | 640/8 | €1,375 | €889 | -€486 | -35.3% |
| Gross operating margin | 9900 | €48,438 | €42,105 | -€6,333 | -13.1% |
| Operating profit (loss) | 9901 | €33,150 | €18,460 | -€14,690 | -44.3% |
| Financial income | 75/76B | €651 | €738 | +€86 | +13.3% |
| Recurring financial income | 75 | €651 | €738 | +€86 | +13.3% |
| Financial charges | 65/66B | €975 | €1,366 | +€391 | +40.1% |
| Recurring financial charges | 65 | €975 | €1,366 | +€391 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €32,826 | €17,831 | -€14,994 | -45.7% |
| Income taxes | 67/77 | €11,447 | €4,585 | -€6,862 | -59.9% |
| Profit (loss) for the period | 9904 | €21,379 | €13,246 | -€8,132 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,379 | €13,246 | -€8,132 | -38.0% |
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 28 October 2026 via checked.be.