BAMEL: 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.
BAMEL
Largest movements
- Tangible fixed assets +€2.8m
up €2.8m (+350.6%), from €802,557 to €3.6m
of which Land and buildings: +€2.8m
- Financial fixed assets -€2.0m
no longer reported in 2025 (was €2.0m)
- Cash -€71,563
down €71,563 (-58.3%), from €122,805 to €51,242
mainly Investment in fixed assets (net) (-€937,923) and Other debts (-€191,436)
- Receivables within one year -€60,257
down €60,257 (-58.4%), from €103,134 to €42,878
of which Other amounts receivable: -€74,777
- Short-term financial debts +€810,702
up €810,702 (+105.1%), from €771,000 to €1.6m
- Other debts -€191,436
down €191,436 (-93.9%), from €203,808 to €12,372
- Debts after one year +€88,181
up €88,181 (+13.6%), from €649,557 to €737,738
of which Other amounts payable: +€132,294
- Gross operating margin +€98,729
up €98,729 (+145.0%), from €68,086 to €166,815
- Depreciation +€96,372
up €96,372 (+342.6%), from €28,133 to €124,505
- Other operating charges +€23,655
up €23,655 (+1227.0%), from €1,928 to €25,583
- Taxes +€7,522
new in 2025: €7,522
- Financial charges +€2,236
up €2,236 (+4.3%), from €51,509 to €53,744
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 | €3,030,153 | €3,712,401 | +€682,247 | +22.5% |
| Fixed assets | 21/28 | €2,802,557 | €3,615,975 | +€813,418 | +29.0% |
| Tangible fixed assets | 22/27 | €802,557 | €3,615,975 | +€2.8m | +350.6% |
| Land and buildings | 22 | €790,968 | €3,546,443 | +€2.8m | +348.4% |
| Plant, machinery and equipment | 23 | €11,589 | €69,533 | +€57,944 | +500.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €2,000,000 | - | -€2.0m | |
| Current assets | 29/58 | €227,596 | €96,425 | -€131,171 | -57.6% |
| Amounts receivable within one year | 40/41 | €103,134 | €42,878 | -€60,257 | -58.4% |
| Trade receivables | 40 | €3,134 | €17,654 | +€14,520 | +463.3% |
| Other amounts receivable | 41 | €100,000 | €25,223 | -€74,777 | -74.8% |
| Cash at bank and in hand | 54/58 | €122,805 | €51,242 | -€71,563 | -58.3% |
| Deferred charges and accrued income | 490/1 | €1,658 | €2,306 | +€649 | +39.1% |
| Total equity and liabilities | 10/49 | €3,030,153 | €3,712,401 | +€682,247 | +22.5% |
| Equity | 10/15 | €1,078,992 | €1,040,949 | -€38,044 | -3.5% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €983,042 | €963,564 | -€19,478 | -2.0% |
| Tax-exempt reserves | 132 | €828,104 | €808,626 | -€19,478 | -2.4% |
| Distributable reserves | 133 | €154,939 | €154,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,950 | €44,384 | -€18,566 | -29.5% |
| Provisions and deferred taxes | 16 | €276,035 | €269,542 | -€6,493 | -2.4% |
| Deferred taxes | 168 | €276,035 | €269,542 | -€6,493 | -2.4% |
| Amounts payable | 17/49 | €1,675,127 | €2,401,910 | +€726,784 | +43.4% |
| Amounts payable after more than one year | 17 | €649,557 | €737,738 | +€88,181 | +13.6% |
| Financial debts | 170/4 | €649,557 | €605,444 | -€44,113 | -6.8% |
| Other amounts payable | 178/9 | - | €132,294 | +€132,294 | |
| Amounts payable within one year | 42/48 | €1,021,815 | €1,648,474 | +€626,659 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €43,284 | €44,113 | +€829 | +1.9% |
| Financial debts | 43 | €771,000 | €1,581,702 | +€810,702 | +105.1% |
| Credit institutions | 430/8 | €771,000 | €1,581,702 | +€810,702 | +105.1% |
| Trade debts | 44 | €1,637 | €5,185 | +€3,548 | +216.8% |
| Suppliers | 440/4 | €1,637 | €5,185 | +€3,548 | +216.8% |
| Taxes, remuneration and social security | 45 | €2,086 | €5,102 | +€3,015 | +144.5% |
| Taxes | 450/3 | €2,086 | €5,102 | +€3,015 | +144.5% |
| Other amounts payable | 47/48 | €203,808 | €12,372 | -€191,436 | -93.9% |
| Accrued charges and deferred income | 492/3 | €3,754 | €15,698 | +€11,945 | +318.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,133 | €124,505 | +€96,372 | +342.6% |
| Other operating charges | 640/8 | €1,928 | €25,583 | +€23,655 | +1227.0% |
| Gross operating margin | 9900 | €68,086 | €166,815 | +€98,729 | +145.0% |
| Operating profit (loss) | 9901 | €38,025 | €16,727 | -€21,298 | -56.0% |
| Financial income | 75/76B | €4 | €3 | -€1 | -28.1% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -28.1% |
| Financial charges | 65/66B | €51,509 | €53,744 | +€2,236 | +4.3% |
| Recurring financial charges | 65 | €51,509 | €53,744 | +€2,236 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,479 | -€37,014 | -€23,535 | -174.6% |
| Transfer from deferred taxes | 780 | €6,122 | €6,493 | +€371 | +6.1% |
| Income taxes | 67/77 | - | €7,522 | +€7,522 | |
| Profit (loss) for the period | 9904 | -€7,358 | -€38,044 | -€30,686 | -417.1% |
| Transfer from tax-exempt reserves | 789 | €18,365 | €19,478 | +€1,113 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,008 | -€18,566 | -€29,573 |
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 12 October 2026 via checked.be.