BM BAM: 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.
BM BAM
Largest movements
- Tangible fixed assets -€49,217
down €49,217 (-7.2%), from €681,239 to €632,022
of which Land and buildings: -€48,315
- Receivables within one year +€10,237
up €10,237 (+149.6%), from €6,841 to €17,078
of which Trade receivables: +€6,347
- Other debts +€64,436
up €64,436 (+62.7%), from €102,722 to €167,158
- Profit (loss) carried forward -€58,810
down €58,810, from €760 to -€58,050
- Debts after one year -€42,298
down €42,298 (-8.4%), from €500,735 to €458,437
- Tax, wage and social debts -€11,642
down €11,642 (-97.6%), from €11,932 to €289
of which Taxes: -€6,812
- Gross operating margin -€56,450
down €56,450 (-91.5%), from €61,694 to €5,244
- Depreciation +€3,215
up €3,215 (+6.7%), from €47,835 to €51,050
- Other operating charges +€651
up €651 (+21.3%), from €3,063 to €3,714
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 | €694,862 | €649,996 | -€44,866 | -6.5% |
| Fixed assets | 21/28 | €681,489 | €632,272 | -€49,217 | -7.2% |
| Tangible fixed assets | 22/27 | €681,239 | €632,022 | -€49,217 | -7.2% |
| Land and buildings | 22 | €676,329 | €628,013 | -€48,315 | -7.1% |
| Plant, machinery and equipment | 23 | €3,186 | €2,791 | -€395 | -12.4% |
| Other tangible fixed assets | 26 | €1,725 | €1,217 | -€507 | -29.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €13,373 | €17,724 | +€4,351 | +32.5% |
| Amounts receivable within one year | 40/41 | €6,841 | €17,078 | +€10,237 | +149.6% |
| Trade receivables | 40 | €1,403 | €7,750 | +€6,347 | +452.3% |
| Other amounts receivable | 41 | €5,438 | €9,328 | +€3,890 | +71.5% |
| Cash at bank and in hand | 54/58 | €5,904 | €0 | -€5,904 | -100.0% |
| Deferred charges and accrued income | 490/1 | €628 | €647 | +€18 | +2.9% |
| Total equity and liabilities | 10/49 | €694,862 | €649,996 | -€44,866 | -6.5% |
| Equity | 10/15 | €34,360 | -€24,450 | -€58,810 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €760 | -€58,050 | -€58,810 | |
| Amounts payable | 17/49 | €660,502 | €674,446 | +€13,944 | +2.1% |
| Amounts payable after more than one year | 17 | €500,735 | €458,437 | -€42,298 | -8.4% |
| Financial debts | 170/4 | €500,735 | €458,437 | -€42,298 | -8.4% |
| Amounts payable within one year | 42/48 | €159,767 | €215,339 | +€55,573 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €41,590 | €42,298 | +€708 | +1.7% |
| Financial debts | 43 | - | €64 | +€64 | |
| Credit institutions | 430/8 | - | €64 | +€64 | |
| Trade debts | 44 | €3,081 | €5,029 | +€1,949 | +63.3% |
| Suppliers | 440/4 | €3,081 | €5,029 | +€1,949 | +63.3% |
| Advances received on contracts in progress | 46 | €443 | €501 | +€59 | +13.3% |
| Taxes, remuneration and social security | 45 | €11,932 | €289 | -€11,642 | -97.6% |
| Taxes | 450/3 | €7,102 | €289 | -€6,812 | -95.9% |
| Remuneration and social security | 454/9 | €4,830 | €0 | -€4,830 | -100.0% |
| Other amounts payable | 47/48 | €102,722 | €167,158 | +€64,436 | +62.7% |
| Accrued charges and deferred income | 492/3 | €0 | €670 | +€670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,835 | €51,050 | +€3,215 | +6.7% |
| Other operating charges | 640/8 | €3,063 | €3,714 | +€651 | +21.3% |
| Gross operating margin | 9900 | €61,694 | €5,244 | -€56,450 | -91.5% |
| Operating profit (loss) | 9901 | €10,797 | -€49,520 | -€60,317 | |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.1% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.1% |
| Financial charges | 65/66B | €9,886 | €9,290 | -€596 | -6.0% |
| Recurring financial charges | 65 | €9,886 | €9,290 | -€596 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €929 | -€58,810 | -€59,739 | |
| Income taxes | 67/77 | €289 | €0 | -€289 | -100.0% |
| Profit (loss) for the period | 9904 | €640 | -€58,810 | -€59,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €640 | -€58,810 | -€59,450 |
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 4 October 2026 via checked.be.