BAMACO: 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.
BAMACO
Largest movements
- Tangible fixed assets +€652,273
up €652,273 (+65.1%), from €1.0m to €1.7m
of which Land and buildings: +€631,083
- Receivables within one year -€23,828
down €23,828 (-54.8%), from €43,483 to €19,655
of which Trade receivables: -€30,861
- Debts after one year +€527,940
up €527,940 (+68.6%), from €770,134 to €1.3m
- Short-term financial debts +€92,043
new in 2025: €92,043
- Tax, wage and social debts -€47,418
down €47,418 (-89.6%), from €52,915 to €5,498
- Current portion of long-term debt +€20,934
up €20,934 (+48.7%), from €43,004 to €63,938
- Reserves +€20,171
up €20,171 (+12.2%), from €165,653 to €185,823
- Depreciation -€31,597
down €31,597 (-47.5%), from €66,460 to €34,864
- Gross operating margin -€30,931
down €30,931 (-22.3%), from €138,614 to €107,683
- Financial charges +€12,954
up €12,954 (+50.2%), from €25,780 to €38,734
- Taxes -€3,770
down €3,770 (-29.4%), from €12,805 to €9,036
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 | €1,050,612 | €1,675,842 | +€625,229 | +59.5% |
| Fixed assets | 21/28 | €1,001,216 | €1,653,489 | +€652,273 | +65.1% |
| Tangible fixed assets | 22/27 | €1,001,216 | €1,653,489 | +€652,273 | +65.1% |
| Land and buildings | 22 | €998,745 | €1,629,828 | +€631,083 | +63.2% |
| Plant, machinery and equipment | 23 | €2,471 | €1,662 | -€809 | -32.7% |
| Furniture and vehicles | 24 | - | €21,999 | +€21,999 | |
| Current assets | 29/58 | €49,396 | €22,353 | -€27,043 | -54.7% |
| Amounts receivable within one year | 40/41 | €43,483 | €19,655 | -€23,828 | -54.8% |
| Trade receivables | 40 | €41,278 | €10,417 | -€30,861 | -74.8% |
| Other amounts receivable | 41 | €2,205 | €9,238 | +€7,033 | +319.0% |
| Cash at bank and in hand | 54/58 | €3,129 | - | -€3,129 | |
| Deferred charges and accrued income | 490/1 | €2,785 | €2,699 | -€87 | -3.1% |
| Total equity and liabilities | 10/49 | €1,050,612 | €1,675,842 | +€625,229 | +59.5% |
| Equity | 10/15 | €168,153 | €188,323 | +€20,171 | +12.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €165,653 | €185,823 | +€20,171 | +12.2% |
| Distributable reserves | 133 | €165,653 | €185,823 | +€20,171 | +12.2% |
| Amounts payable | 17/49 | €882,460 | €1,487,518 | +€605,059 | +68.6% |
| Amounts payable after more than one year | 17 | €770,134 | €1,298,074 | +€527,940 | +68.6% |
| Financial debts | 170/4 | €770,134 | €1,298,074 | +€527,940 | +68.6% |
| Amounts payable within one year | 42/48 | €101,229 | €175,520 | +€74,291 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €43,004 | €63,938 | +€20,934 | +48.7% |
| Financial debts | 43 | - | €92,043 | +€92,043 | |
| Credit institutions | 430/8 | - | €92,043 | +€92,043 | |
| Trade debts | 44 | €779 | €9,702 | +€8,923 | +1145.2% |
| Suppliers | 440/4 | €779 | €9,702 | +€8,923 | +1145.2% |
| Taxes, remuneration and social security | 45 | €52,915 | €5,498 | -€47,418 | -89.6% |
| Taxes | 450/3 | €52,915 | €5,498 | -€47,418 | -89.6% |
| Other amounts payable | 47/48 | €4,530 | €4,339 | -€191 | -4.2% |
| Accrued charges and deferred income | 492/3 | €11,097 | €13,924 | +€2,827 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,460 | €34,864 | -€31,597 | -47.5% |
| Other operating charges | 640/8 | €2,922 | €4,047 | +€1,125 | +38.5% |
| Gross operating margin | 9900 | €138,614 | €107,683 | -€30,931 | -22.3% |
| Operating profit (loss) | 9901 | €69,232 | €68,773 | -€459 | -0.7% |
| Financial charges | 65/66B | €25,780 | €38,734 | +€12,954 | +50.2% |
| Recurring financial charges | 65 | €25,780 | €38,734 | +€12,954 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €43,452 | €30,039 | -€13,412 | -30.9% |
| Income taxes | 67/77 | €12,805 | €9,036 | -€3,770 | -29.4% |
| Profit (loss) for the period | 9904 | €30,646 | €21,004 | -€9,643 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,646 | €21,004 | -€9,643 | -31.5% |
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 1 October 2026 via checked.be.