BKM Management: 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.
BKM Management
Largest movements
- Cash +€27,145
up €27,145 (+94.0%), from €28,888 to €56,033
mainly Other debts (+€20,170) and Net result for the year (+€17,406)
- Receivables within one year -€9,625
no longer reported in 2025 (was €9,625)
- Tangible fixed assets +€4,100
new in 2025: €4,100
- Other debts +€20,170
up €20,170 (+5275.4%), from €382 to €20,553
- Reserves +€17,300
up €17,300 (+10.5%), from €165,000 to €182,300
- Tax, wage and social debts -€17,078
down €17,078 (-69.7%), from €24,509 to €7,432
- Gross operating margin -€89,857
down €89,857 (-78.7%), from €114,172 to €24,315
- Taxes -€16,943
down €16,943 (-70.6%), from €24,015 to €7,072
- Financial income +€2,345
up €2,345 (+123.1%), from €1,905 to €4,250
- Depreciation +€1,377
new in 2025: €1,377
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 | €192,731 | €213,280 | +€20,550 | +10.7% |
| Fixed assets | 21/28 | - | €4,100 | +€4,100 | |
| Tangible fixed assets | 22/27 | - | €4,100 | +€4,100 | |
| Furniture and vehicles | 24 | - | €4,100 | +€4,100 | |
| Current assets | 29/58 | €192,731 | €209,181 | +€16,450 | +8.5% |
| Amounts receivable within one year | 40/41 | €9,625 | - | -€9,625 | |
| Trade receivables | 40 | €9,625 | - | -€9,625 | |
| Current investments | 50/53 | €149,981 | €149,981 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,888 | €56,033 | +€27,145 | +94.0% |
| Deferred charges and accrued income | 490/1 | €4,237 | €3,167 | -€1,070 | -25.3% |
| Total equity and liabilities | 10/49 | €192,731 | €213,280 | +€20,550 | +10.7% |
| Equity | 10/15 | €167,501 | €184,907 | +€17,406 | +10.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €165,000 | €182,300 | +€17,300 | +10.5% |
| Distributable reserves | 133 | €165,000 | €182,300 | +€17,300 | +10.5% |
| Profit (loss) carried forward | 14 | €501 | €607 | +€106 | +21.1% |
| Amounts payable | 17/49 | €25,230 | €28,373 | +€3,144 | +12.5% |
| Amounts payable within one year | 42/48 | €25,230 | €28,373 | +€3,144 | +12.5% |
| Trade debts | 44 | €338 | €389 | +€51 | +15.2% |
| Suppliers | 440/4 | €338 | €389 | +€51 | +15.2% |
| Taxes, remuneration and social security | 45 | €24,509 | €7,432 | -€17,078 | -69.7% |
| Taxes | 450/3 | €24,509 | €7,432 | -€17,078 | -69.7% |
| Other amounts payable | 47/48 | €382 | €20,553 | +€20,170 | +5275.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,377 | +€1,377 | |
| Other operating charges | 640/8 | €550 | €764 | +€214 | +39.0% |
| Gross operating margin | 9900 | €114,172 | €24,315 | -€89,857 | -78.7% |
| Operating profit (loss) | 9901 | €113,623 | €22,174 | -€91,449 | -80.5% |
| Financial income | 75/76B | €1,905 | €4,250 | +€2,345 | +123.1% |
| Recurring financial income | 75 | €1,905 | €4,250 | +€2,345 | +123.1% |
| Financial charges | 65/66B | €2,222 | €1,945 | -€277 | -12.4% |
| Recurring financial charges | 65 | €2,222 | €1,945 | -€277 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €113,306 | €24,478 | -€88,828 | -78.4% |
| Income taxes | 67/77 | €24,015 | €7,072 | -€16,943 | -70.6% |
| Profit (loss) for the period | 9904 | €89,290 | €17,406 | -€71,885 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,290 | €17,406 | -€71,885 | -80.5% |
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 7 October 2026 via checked.be.