BM BUILD: 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 BUILD
Largest movements
- Receivables within one year +€36,774
up €36,774 (+31.3%), from €117,325 to €154,099
of which Trade receivables: +€80,167
- Tangible fixed assets -€3,497
down €3,497 (-34.7%), from €10,090 to €6,593
of which Plant, machinery and equipment: -€2,836
- Profit (loss) carried forward +€12,809
up €12,809 (+12.2%), from €105,264 to €118,073
- Short-term financial debts +€8,859
up €8,859 (+104.5%), from €8,474 to €17,333
- Trade debts +€8,180
up €8,180 (+411.3%), from €1,989 to €10,169
- Other debts +€3,800
new in 2025: €3,800
- Gross operating margin +€2,233
up €2,233 (+12.2%), from €18,238 to €20,471
- Depreciation +€1,723
up €1,723 (+39.5%), from €4,368 to €6,091
- Financial income +€874
up €874 (+23.5%), from €3,717 to €4,591
- Financial charges -€288
down €288 (-10.0%), from €2,888 to €2,600
- Taxes +€282
up €282 (+9.6%), from €2,928 to €3,210
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 | €129,279 | €163,358 | +€34,079 | +26.4% |
| Fixed assets | 21/28 | €10,340 | €7,593 | -€2,747 | -26.6% |
| Tangible fixed assets | 22/27 | €10,090 | €6,593 | -€3,497 | -34.7% |
| Plant, machinery and equipment | 23 | €5,384 | €2,548 | -€2,836 | -52.7% |
| Furniture and vehicles | 24 | €4,706 | €4,045 | -€661 | -14.0% |
| Financial fixed assets | 28 | €250 | €1,000 | +€750 | +300.0% |
| Current assets | 29/58 | €118,939 | €155,765 | +€36,826 | +31.0% |
| Amounts receivable within one year | 40/41 | €117,325 | €154,099 | +€36,774 | +31.3% |
| Trade receivables | 40 | €31,854 | €112,021 | +€80,167 | +251.7% |
| Other amounts receivable | 41 | €85,471 | €42,078 | -€43,393 | -50.8% |
| Cash at bank and in hand | 54/58 | €113 | €102 | -€11 | -9.6% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,563 | +€62 | +4.1% |
| Total equity and liabilities | 10/49 | €129,279 | €163,358 | +€34,079 | +26.4% |
| Equity | 10/15 | €113,324 | €126,133 | +€12,809 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,264 | €118,073 | +€12,809 | +12.2% |
| Amounts payable | 17/49 | €15,955 | €37,225 | +€21,270 | +133.3% |
| Amounts payable within one year | 42/48 | €15,955 | €37,225 | +€21,270 | +133.3% |
| Current portion of amounts payable after more than one year | 42 | €1,728 | €1,730 | +€2 | +0.1% |
| Financial debts | 43 | €8,474 | €17,333 | +€8,859 | +104.5% |
| Credit institutions | 430/8 | €8,474 | €17,333 | +€8,859 | +104.5% |
| Trade debts | 44 | €1,989 | €10,169 | +€8,180 | +411.3% |
| Suppliers | 440/4 | €1,989 | €10,169 | +€8,180 | +411.3% |
| Taxes, remuneration and social security | 45 | €3,764 | €4,193 | +€429 | +11.4% |
| Taxes | 450/3 | €3,764 | €4,193 | +€429 | +11.4% |
| Other amounts payable | 47/48 | - | €3,800 | +€3,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,368 | €6,091 | +€1,723 | +39.5% |
| Other operating charges | 640/8 | €454 | €351 | -€103 | -22.7% |
| Gross operating margin | 9900 | €18,238 | €20,471 | +€2,233 | +12.2% |
| Operating profit (loss) | 9901 | €13,416 | €14,029 | +€613 | +4.6% |
| Financial income | 75/76B | €3,717 | €4,591 | +€874 | +23.5% |
| Recurring financial income | 75 | €3,717 | €4,591 | +€874 | +23.5% |
| Financial charges | 65/66B | €2,888 | €2,600 | -€288 | -10.0% |
| Recurring financial charges | 65 | €2,888 | €2,600 | -€288 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €14,245 | €16,020 | +€1,775 | +12.5% |
| Income taxes | 67/77 | €2,928 | €3,210 | +€282 | +9.6% |
| Profit (loss) for the period | 9904 | €11,317 | €12,810 | +€1,493 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,317 | €12,810 | +€1,493 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.