BAMU: 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.
BAMU
Largest movements
- Stocks and contracts -€152,754
down €152,754 (-75.3%), from €202,867 to €50,113
- Cash -€11,651
down €11,651 (-79.5%), from €14,665 to €3,013
mainly Net result for the year (-€116,759) and Contributions, distributions and other (-€32,922)
- Receivables within one year +€7,346
up €7,346 (+39.9%), from €18,419 to €25,765
of which Trade receivables: +€6,311
- Tangible fixed assets -€4,825
down €4,825 (-51.4%), from €9,381 to €4,556
of which Leasing and similar rights: -€5,248
- Profit (loss) carried forward -€116,759
new in 2025: -€116,759
- Reserves -€32,922
down €32,922 (-19.4%), from €169,886 to €136,964
of which Distributable reserves: -€32,922
- Other debts +€32,922
new in 2025: €32,922
- Trade debts -€29,898
down €29,898 (-87.8%), from €34,049 to €4,151
- Short-term financial debts -€8,299
no longer reported in 2025 (was €8,299)
- Gross operating margin -€127,694
down €127,694, from €28,287 to -€99,407
- Taxes -€2,470
down €2,470 (-94.6%), from €2,611 to €141
- Depreciation -€1,540
down €1,540 (-18.7%), from €8,215 to €6,675
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 | €273,208 | €111,682 | -€161,527 | -59.1% |
| Fixed assets | 21/28 | €16,691 | €11,866 | -€4,825 | -28.9% |
| Tangible fixed assets | 22/27 | €9,381 | €4,556 | -€4,825 | -51.4% |
| Plant, machinery and equipment | 23 | €1,110 | €2,755 | +€1,645 | +148% |
| Furniture and vehicles | 24 | €1,602 | €380 | -€1,222 | -76.3% |
| Leasing and similar rights | 25 | €6,669 | €1,421 | -€5,248 | -78.7% |
| Financial fixed assets | 28 | €7,310 | €7,310 | = | 0.0% |
| Current assets | 29/58 | €256,517 | €99,815 | -€156,702 | -61.1% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €202,867 | €50,113 | -€152,754 | -75.3% |
| Stocks | 30/36 | €202,867 | €50,113 | -€152,754 | -75.3% |
| Amounts receivable within one year | 40/41 | €18,419 | €25,765 | +€7,346 | +39.9% |
| Trade receivables | 40 | €2,554 | €8,865 | +€6,311 | +247% |
| Other amounts receivable | 41 | €15,866 | €16,900 | +€1,034 | +6.5% |
| Cash at bank and in hand | 54/58 | €14,665 | €3,013 | -€11,651 | -79.5% |
| Deferred charges and accrued income | 490/1 | €566 | €924 | +€358 | +63.3% |
| Total equity and liabilities | 10/49 | €273,208 | €111,682 | -€161,527 | -59.1% |
| Equity | 10/15 | €188,486 | €38,805 | -€149,681 | -79.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,886 | €136,964 | -€32,922 | -19.4% |
| 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 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €152,026 | €119,104 | -€32,922 | -21.7% |
| Profit (loss) carried forward | 14 | - | -€116,759 | -€116,759 | |
| Amounts payable | 17/49 | €84,723 | €72,877 | -€11,846 | -14.0% |
| Amounts payable after more than one year | 17 | €27,069 | €25,000 | -€2,069 | -7.6% |
| Financial debts | 170/4 | €27,069 | €25,000 | -€2,069 | -7.6% |
| Amounts payable within one year | 42/48 | €57,554 | €47,777 | -€9,777 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €4,043 | €2,069 | -€1,974 | -48.8% |
| Financial debts | 43 | €8,299 | - | -€8,299 | |
| Credit institutions | 430/8 | €8,299 | - | -€8,299 | |
| Trade debts | 44 | €34,049 | €4,151 | -€29,898 | -87.8% |
| Suppliers | 440/4 | €34,049 | €4,151 | -€29,898 | -87.8% |
| Taxes, remuneration and social security | 45 | €11,163 | €8,635 | -€2,528 | -22.6% |
| Taxes | 450/3 | €9,463 | €135 | -€9,328 | -98.6% |
| Remuneration and social security | 454/9 | €1,700 | €8,500 | +€6,800 | +400% |
| Other amounts payable | 47/48 | - | €32,922 | +€32,922 | |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Non-recurring operating income | 76A | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,215 | €6,675 | -€1,540 | -18.7% |
| Other operating charges | 640/8 | €8,156 | €8,559 | +€403 | +4.9% |
| Gross operating margin | 9900 | €28,287 | -€99,407 | -€127,694 | |
| Operating profit (loss) | 9901 | €11,916 | -€114,642 | -€126,558 | |
| Financial income | 75/76B | €1,247 | €1,549 | +€302 | +24.3% |
| Recurring financial income | 75 | €1,247 | €1,549 | +€302 | +24.3% |
| Financial charges | 65/66B | €4,155 | €3,525 | -€630 | -15.2% |
| Recurring financial charges | 65 | €4,155 | €3,525 | -€630 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €9,008 | -€116,617 | -€125,626 | |
| Income taxes | 67/77 | €2,611 | €141 | -€2,470 | -94.6% |
| Profit (loss) for the period | 9904 | €6,397 | -€116,759 | -€123,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,397 | -€116,759 | -€123,156 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.