BM CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€69,762
up €69,762 (+966%), from €7,221 to €76,983
of which Furniture and vehicles: +€70,657
- Receivables within one year -€8,520
down €8,520 (-9.9%), from €86,410 to €77,889
of which Trade receivables: -€14,083
- Cash -€7,106
down €7,106 (-19.5%), from €36,457 to €29,350
mainly Investment in fixed assets (net) (-€87,606) and Deferred charges and accrued income (-€2,876)
- Deferred charges and accrued income +€2,876
up €2,876 (+67.8%), from €4,240 to €7,116
- Advances received +€24,000
new in 2025: €24,000
- Trade debts +€13,163
up €13,163 (+16.6%), from €79,157 to €92,320
- Tax, wage and social debts +€9,301
up €9,301 (+160%), from €5,815 to €15,116
of which Remuneration and social security: +€10,124
- Profit (loss) carried forward +€6,935
up €6,935 (+22.8%), from €30,392 to €37,327
- Other debts +€3,613
up €3,613 (+32.8%), from €11,002 to €14,615
- Turnover -€80,244
down €80,244 (-13.0%), from €616,445 to €536,201
- Purchases and services -€77,736
down €77,736 (-13.0%), from €598,557 to €520,820
- Depreciation +€14,081
up €14,081 (+374%), from €3,763 to €17,844
- Gross operating margin +€12,989
up €12,989 (+72.6%), from €17,888 to €30,878
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 | €134,426 | €191,438 | +€57,011 | +42.4% |
| Fixed assets | 21/28 | €7,320 | €77,082 | +€69,762 | +953% |
| Tangible fixed assets | 22/27 | €7,221 | €76,983 | +€69,762 | +966% |
| Plant, machinery and equipment | 23 | €1,548 | €653 | -€895 | -57.8% |
| Furniture and vehicles | 24 | €5,673 | €76,330 | +€70,657 | +1,245% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €127,106 | €114,356 | -€12,750 | -10.0% |
| Amounts receivable within one year | 40/41 | €86,410 | €77,889 | -€8,520 | -9.9% |
| Trade receivables | 40 | €86,410 | €72,327 | -€14,083 | -16.3% |
| Other amounts receivable | 41 | - | €5,563 | +€5,563 | |
| Cash at bank and in hand | 54/58 | €36,457 | €29,350 | -€7,106 | -19.5% |
| Deferred charges and accrued income | 490/1 | €4,240 | €7,116 | +€2,876 | +67.8% |
| Total equity and liabilities | 10/49 | €134,426 | €191,438 | +€57,011 | +42.4% |
| Equity | 10/15 | €38,452 | €45,387 | +€6,935 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| 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 | €30,392 | €37,327 | +€6,935 | +22.8% |
| Amounts payable | 17/49 | €95,974 | €146,050 | +€50,076 | +52.2% |
| Amounts payable within one year | 42/48 | €95,974 | €146,050 | +€50,076 | +52.2% |
| Trade debts | 44 | €79,157 | €92,320 | +€13,163 | +16.6% |
| Suppliers | 440/4 | €79,157 | €92,320 | +€13,163 | +16.6% |
| Advances received on contracts in progress | 46 | - | €24,000 | +€24,000 | |
| Taxes, remuneration and social security | 45 | €5,815 | €15,116 | +€9,301 | +160% |
| Taxes | 450/3 | €5,815 | €4,991 | -€824 | -14.2% |
| Remuneration and social security | 454/9 | - | €10,124 | +€10,124 | |
| Other amounts payable | 47/48 | €11,002 | €14,615 | +€3,613 | +32.8% |
| Turnover | 70 | €616,445 | €536,201 | -€80,244 | -13.0% |
| Non-recurring operating income | 76A | - | €3,286 | +€3,286 | |
| Goods, raw materials, services and sundry goods | 60/61 | €598,557 | €520,820 | -€77,736 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,763 | €17,844 | +€14,081 | +374% |
| Other operating charges | 640/8 | €3,186 | €1,030 | -€2,156 | -67.7% |
| Non-recurring operating charges | 66A | - | €2,718 | +€2,718 | |
| Gross operating margin | 9900 | €17,888 | €30,878 | +€12,989 | +72.6% |
| Operating profit (loss) | 9901 | €10,939 | €9,285 | -€1,654 | -15.1% |
| Financial income | 75/76B | €0 | €79 | +€79 | +72,109% |
| Recurring financial income | 75 | €0 | €79 | +€79 | +72,109% |
| Financial charges | 65/66B | €184 | €243 | +€60 | +32.6% |
| Recurring financial charges | 65 | €184 | €243 | +€60 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €10,755 | €9,121 | -€1,634 | -15.2% |
| Income taxes | 67/77 | €2,806 | €2,186 | -€620 | -22.1% |
| Profit (loss) for the period | 9904 | €7,950 | €6,935 | -€1,015 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,950 | €6,935 | -€1,015 | -12.8% |
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.