BM CENTER: 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 CENTER
Largest movements
- Current investments -€440,866
down €440,866 (-66.1%), from €667,278 to €226,412
- Cash +€436,764
up €436,764 (+32.9%), from €1.3m to €1.8m
mainly Current investments (+€440,866) and Stocks and contracts (+€44,931)
- Stocks and contracts -€44,931
down €44,931 (-67.8%), from €66,309 to €21,378
- Tangible fixed assets -€24,547
down €24,547 (-94.1%), from €26,084 to €1,537
of which Plant, machinery and equipment: -€23,297
- Debts after one year -€69,290
down €69,290 (-78.3%), from €88,527 to €19,237
of which Other amounts payable: -€69,290
- Gross operating margin +€105,388
up €105,388, from -€34,245 to €71,143
- Taxes +€39,289
up €39,289, from €0 to €39,289
- Depreciation -€9,343
down €9,343 (-91.7%), from €10,188 to €845
- Financial income -€7,143
down €7,143 (-16.3%), from €43,740 to €36,597
- Write-downs -€6,737
down €6,737 (-100.0%), from €6,737 to €0
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 | €2,103,488 | €2,039,923 | -€63,565 | -3.0% |
| Fixed assets | 21/28 | €26,084 | €1,537 | -€24,547 | -94.1% |
| Tangible fixed assets | 22/27 | €26,084 | €1,537 | -€24,547 | -94.1% |
| Plant, machinery and equipment | 23 | €24,094 | €797 | -€23,297 | -96.7% |
| Furniture and vehicles | 24 | €1,990 | €740 | -€1,250 | -62.8% |
| Current assets | 29/58 | €2,077,404 | €2,038,386 | -€39,018 | -1.9% |
| Stocks and contracts in progress | 3 | €66,309 | €21,378 | -€44,931 | -67.8% |
| Stocks | 30/36 | €66,309 | €21,378 | -€44,931 | -67.8% |
| Amounts receivable within one year | 40/41 | €14,080 | €25,199 | +€11,119 | +79.0% |
| Trade receivables | 40 | €818 | €1,071 | +€253 | +30.9% |
| Other amounts receivable | 41 | €13,262 | €24,128 | +€10,866 | +81.9% |
| Current investments | 50/53 | €667,278 | €226,412 | -€440,866 | -66.1% |
| Cash at bank and in hand | 54/58 | €1,327,059 | €1,763,823 | +€436,764 | +32.9% |
| Deferred charges and accrued income | 490/1 | €2,677 | €1,573 | -€1,104 | -41.3% |
| Total equity and liabilities | 10/49 | €2,103,488 | €2,039,923 | -€63,565 | -3.0% |
| Equity | 10/15 | €2,003,219 | €2,016,033 | +€12,814 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,953,219 | €1,966,033 | +€12,814 | +0.7% |
| Tax-exempt reserves | 132 | €153 | €153 | = | 0.0% |
| Distributable reserves | 133 | €1,953,067 | €1,965,881 | +€12,814 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €100,269 | €23,890 | -€76,379 | -76.2% |
| Amounts payable after more than one year | 17 | €88,527 | €19,237 | -€69,290 | -78.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €88,527 | €19,237 | -€69,290 | -78.3% |
| Amounts payable within one year | 42/48 | €11,730 | €4,652 | -€7,077 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €2,750 | €0 | -€2,750 | -100.0% |
| Trade debts | 44 | €2,924 | €3,514 | +€590 | +20.2% |
| Suppliers | 440/4 | €2,924 | €3,514 | +€590 | +20.2% |
| Taxes, remuneration and social security | 45 | €1,817 | €1,138 | -€679 | -37.3% |
| Taxes | 450/3 | €1,817 | €1,138 | -€679 | -37.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,239 | €0 | -€4,239 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Non-recurring operating income | 76A | €0 | €106,056 | +€106,056 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,188 | €845 | -€9,343 | -91.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,737 | €0 | -€6,737 | -100.0% |
| Other operating charges | 640/8 | €3,278 | €7,018 | +€3,740 | +114.1% |
| Non-recurring operating charges | 66A | €0 | €44,524 | +€44,524 | |
| Gross operating margin | 9900 | -€34,245 | €71,143 | +€105,388 | |
| Operating profit (loss) | 9901 | -€54,449 | €18,757 | +€73,205 | |
| Financial income | 75/76B | €43,740 | €36,597 | -€7,143 | -16.3% |
| Recurring financial income | 75 | €43,740 | €36,597 | -€7,143 | -16.3% |
| Financial charges | 65/66B | €6,639 | €3,251 | -€3,388 | -51.0% |
| Recurring financial charges | 65 | €6,639 | €3,251 | -€3,388 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,347 | €52,102 | +€69,450 | |
| Income taxes | 67/77 | €0 | €39,289 | +€39,289 | |
| Profit (loss) for the period | 9904 | -€17,347 | €12,814 | +€30,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,347 | €12,814 | +€30,161 |
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 6 October 2026 via checked.be.