BaMM: 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.
BaMM
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+5,000,000%), from €5 to €250,005
- Receivables within one year -€85,572
down €85,572 (-64.3%), from €133,035 to €47,463
of which Other amounts receivable: -€102,264
- Tangible fixed assets -€9,784
down €9,784 (-2.5%), from €393,782 to €383,998
of which Land and buildings: -€10,089
- Debts after one year +€150,481
up €150,481 (+38.8%), from €388,075 to €538,556
- Current portion of long-term debt +€42,420
up €42,420 (+281%), from €15,081 to €57,501
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Tax, wage and social debts -€24,143
down €24,143 (-40.2%), from €60,086 to €35,943
of which Taxes: -€26,687
- Financial charges +€17,545
up €17,545 (+50.2%), from €34,970 to €52,515
of which Financial charges: +€17,545
- Gross operating margin +€16,795
up €16,795 (+18.4%), from €91,174 to €107,969
- Other operating charges -€13,571
down €13,571 (-99.2%), from €13,674 to €103
- Financial income -€4,509
down €4,509 (-98.0%), from €4,602 to €94
- Write-downs -€3,000
down €3,000 (-9.9%), from €30,173 to €27,173
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 | €567,529 | €717,913 | +€150,384 | +26.5% |
| Fixed assets | 21/28 | €393,787 | €634,003 | +€240,216 | +61.0% |
| Tangible fixed assets | 22/27 | €393,782 | €383,998 | -€9,784 | -2.5% |
| Land and buildings | 22 | €362,009 | €351,919 | -€10,089 | -2.8% |
| Furniture and vehicles | 24 | €4,498 | €4,972 | +€474 | +10.5% |
| Other tangible fixed assets | 26 | €27,275 | €27,106 | -€169 | -0.6% |
| Financial fixed assets | 28 | €5 | €250,005 | +€250,000 | +5,000,000% |
| Current assets | 29/58 | €173,742 | €83,910 | -€89,832 | -51.7% |
| Amounts receivable after more than one year | 29 | €17,536 | €17,536 | = | 0.0% |
| Other amounts receivable | 291 | €17,536 | €17,536 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,035 | €47,463 | -€85,572 | -64.3% |
| Trade receivables | 40 | €22,661 | €39,354 | +€16,693 | +73.7% |
| Other amounts receivable | 41 | €110,374 | €8,109 | -€102,264 | -92.7% |
| Cash at bank and in hand | 54/58 | €20,929 | €16,839 | -€4,090 | -19.5% |
| Deferred charges and accrued income | 490/1 | €2,242 | €2,071 | -€170 | -7.6% |
| Total equity and liabilities | 10/49 | €567,529 | €717,913 | +€150,384 | +26.5% |
| Equity | 10/15 | €62,775 | €69,124 | +€6,349 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,556 | €64,556 | = | 0.0% |
| Non-distributable reserves | 130/1 | €178 | €178 | = | 0.0% |
| Reserves not available under the articles | 1311 | €178 | €178 | = | 0.0% |
| Distributable reserves | 133 | €64,378 | €64,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,381 | -€14,032 | +€6,349 | +31.2% |
| Amounts payable | 17/49 | €504,753 | €648,789 | +€144,035 | +28.5% |
| Amounts payable after more than one year | 17 | €388,075 | €538,556 | +€150,481 | +38.8% |
| Financial debts | 170/4 | €388,075 | €538,556 | +€150,481 | +38.8% |
| Amounts payable within one year | 42/48 | €112,240 | €105,796 | -€6,444 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €15,081 | €57,501 | +€42,420 | +281% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €12,073 | €8,433 | -€3,639 | -30.1% |
| Suppliers | 440/4 | €12,073 | €8,433 | -€3,639 | -30.1% |
| Taxes, remuneration and social security | 45 | €60,086 | €35,943 | -€24,143 | -40.2% |
| Taxes | 450/3 | €60,086 | €33,399 | -€26,687 | -44.4% |
| Remuneration and social security | 454/9 | - | €2,544 | +€2,544 | |
| Other amounts payable | 47/48 | - | €3,918 | +€3,918 | |
| Accrued charges and deferred income | 492/3 | €4,438 | €4,436 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,941 | €16,694 | +€753 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,173 | €27,173 | -€3,000 | -9.9% |
| Other operating charges | 640/8 | €13,674 | €103 | -€13,571 | -99.2% |
| Gross operating margin | 9900 | €91,174 | €107,969 | +€16,795 | +18.4% |
| Operating profit (loss) | 9901 | €31,387 | €64,000 | +€32,613 | +104% |
| Financial income | 75/76B | €4,602 | €94 | -€4,509 | -98.0% |
| Recurring financial income | 75 | €4,602 | €94 | -€4,509 | -98.0% |
| Financial charges | 65/66B | €34,970 | €52,515 | +€17,545 | +50.2% |
| Recurring financial charges | 65 | €34,970 | €52,515 | +€17,545 | +50.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,019 | €11,579 | +€10,559 | +1,036% |
| Income taxes | 67/77 | €3,176 | €5,230 | +€2,054 | +64.7% |
| Profit (loss) for the period | 9904 | -€2,156 | €6,349 | +€8,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,156 | €6,349 | +€8,505 |
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 13 October 2026 via checked.be.