BM-A: 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.
BM-A
Largest movements
- Current investments -€125,000
down €125,000 (-100%), from €125,000 to €0
- Cash +€78,502
up €78,502 (+107%), from €73,628 to €152,129
mainly Current investments (+€125,000) and Other debts (+€103,423)
- Financial fixed assets +€77,184
up €77,184 (+44.3%), from €174,148 to €251,332
- Tangible fixed assets -€12,653
down €12,653 (-33.7%), from €37,507 to €24,854
of which Furniture and vehicles: -€11,090
- Other debts +€103,423
up €103,423 (+170%), from €60,699 to €164,121
- Reserves -€93,189
down €93,189 (-37.3%), from €250,164 to €156,975
- Tax, wage and social debts +€12,996
up €12,996 (+118%), from €10,975 to €23,971
of which Taxes: +€12,796
- Financial income -€34,083
down €34,083 (-89.6%), from €38,032 to €3,949
of which Non-recurring financial income: -€38,000
- Gross operating margin -€11,008
down €11,008 (-11.4%), from €96,843 to €85,836
- Financial charges +€1,108
up €1,108 (+19.0%), from €5,841 to €6,949
- Taxes -€1,036
down €1,036 (-5.1%), from €20,316 to €19,280
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 | €412,977 | €432,914 | +€19,937 | +4.8% |
| Fixed assets | 21/28 | €211,655 | €276,185 | +€64,531 | +30.5% |
| Tangible fixed assets | 22/27 | €37,507 | €24,854 | -€12,653 | -33.7% |
| Plant, machinery and equipment | 23 | €1,073 | €801 | -€272 | -25.4% |
| Furniture and vehicles | 24 | €33,965 | €22,875 | -€11,090 | -32.7% |
| Other tangible fixed assets | 26 | €2,468 | €1,178 | -€1,291 | -52.3% |
| Financial fixed assets | 28 | €174,148 | €251,332 | +€77,184 | +44.3% |
| Current assets | 29/58 | €201,322 | €156,728 | -€44,593 | -22.2% |
| Amounts receivable within one year | 40/41 | €2,694 | €4,599 | +€1,905 | +70.7% |
| Other amounts receivable | 41 | €2,694 | €4,599 | +€1,905 | +70.7% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100% |
| Cash at bank and in hand | 54/58 | €73,628 | €152,129 | +€78,502 | +107% |
| Total equity and liabilities | 10/49 | €412,977 | €432,914 | +€19,937 | +4.8% |
| Equity | 10/15 | €268,764 | €175,575 | -€93,189 | -34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250,164 | €156,975 | -€93,189 | -37.3% |
| Distributable reserves | 133 | €250,164 | €156,975 | -€93,189 | -37.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,213 | €257,339 | +€113,126 | +78.4% |
| Amounts payable after more than one year | 17 | €63,227 | €63,227 | = | 0.0% |
| Financial debts | 170/4 | €63,227 | €63,227 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,818 | €190,810 | +€115,992 | +155% |
| Trade debts | 44 | €3,145 | €2,718 | -€427 | -13.6% |
| Suppliers | 440/4 | €3,145 | €2,718 | -€427 | -13.6% |
| Taxes, remuneration and social security | 45 | €10,975 | €23,971 | +€12,996 | +118% |
| Taxes | 450/3 | €10,975 | €23,771 | +€12,796 | +117% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €60,699 | €164,121 | +€103,423 | +170% |
| Accrued charges and deferred income | 492/3 | €6,167 | €3,301 | -€2,865 | -46.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,916 | €12,653 | -€263 | -2.0% |
| Other operating charges | 640/8 | €963 | €1,092 | +€129 | +13.4% |
| Gross operating margin | 9900 | €96,843 | €85,836 | -€11,008 | -11.4% |
| Operating profit (loss) | 9901 | €82,964 | €72,091 | -€10,874 | -13.1% |
| Financial income | 75/76B | €38,032 | €3,949 | -€34,083 | -89.6% |
| Recurring financial income | 75 | €32 | €3,949 | +€3,917 | +12,063% |
| Non-recurring financial income | 76B | €38,000 | €0 | -€38,000 | -100% |
| Financial charges | 65/66B | €5,841 | €6,949 | +€1,108 | +19.0% |
| Recurring financial charges | 65 | €5,841 | €6,949 | +€1,108 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €115,156 | €69,091 | -€46,065 | -40.0% |
| Income taxes | 67/77 | €20,316 | €19,280 | -€1,036 | -5.1% |
| Profit (loss) for the period | 9904 | €94,840 | €49,811 | -€45,029 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,840 | €49,811 | -€45,029 | -47.5% |
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 19 October 2026 via checked.be.