BM CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Receivables within one year -€35,354
down €35,354 (-45.9%), from €77,029 to €41,675
of which Trade receivables: -€42,391
- Tangible fixed assets +€14,403
up €14,403 (+59.2%), from €24,340 to €38,743
of which Furniture and vehicles: +€11,846
- Cash -€3,806
down €3,806 (-44.2%), from €8,605 to €4,799
mainly Advances received (-€29,468) and Investment in fixed assets (net) (-€28,779)
- Deferred charges and accrued income +€2,235
up €2,235 (+1614.0%), from €138 to €2,373
- Other debts +€29,852
up €29,852 (+46.8%), from €63,824 to €93,676
- Advances received -€29,468
no longer reported in 2025 (was €29,468)
- Trade debts -€13,629
down €13,629 (-98.7%), from €13,814 to €186
- Profit (loss) carried forward -€6,106
down €6,106 (-29.7%), from -€20,582 to -€26,688
- Tax, wage and social debts -€3,172
down €3,172 (-91.4%), from €3,472 to €300
- Write-downs -€13,249
no longer reported in 2025 (was €13,249)
- Gross operating margin +€5,466
up €5,466 (+137.5%), from €3,975 to €9,442
- Depreciation +€5,274
up €5,274 (+57.9%), from €9,102 to €14,376
- Other operating charges -€2,026
down €2,026 (-74.6%), from €2,717 to €691
- Financial charges +€365
up €365 (+53.7%), from €679 to €1,043
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 | €110,456 | €87,934 | -€22,522 | -20.4% |
| Fixed assets | 21/28 | €24,684 | €39,087 | +€14,403 | +58.4% |
| Tangible fixed assets | 22/27 | €24,340 | €38,743 | +€14,403 | +59.2% |
| Plant, machinery and equipment | 23 | €17,636 | €20,193 | +€2,558 | +14.5% |
| Furniture and vehicles | 24 | €6,705 | €18,550 | +€11,846 | +176.7% |
| Financial fixed assets | 28 | €344 | €344 | = | 0.0% |
| Current assets | 29/58 | €85,772 | €48,847 | -€36,926 | -43.1% |
| Amounts receivable within one year | 40/41 | €77,029 | €41,675 | -€35,354 | -45.9% |
| Trade receivables | 40 | €77,029 | €34,638 | -€42,391 | -55.0% |
| Other amounts receivable | 41 | - | €7,037 | +€7,037 | |
| Cash at bank and in hand | 54/58 | €8,605 | €4,799 | -€3,806 | -44.2% |
| Deferred charges and accrued income | 490/1 | €138 | €2,373 | +€2,235 | +1614.0% |
| Total equity and liabilities | 10/49 | €110,456 | €87,934 | -€22,522 | -20.4% |
| Equity | 10/15 | -€122 | -€6,228 | -€6,106 | -5012.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€20,582 | -€26,688 | -€6,106 | -29.7% |
| Amounts payable | 17/49 | €110,578 | €94,162 | -€16,417 | -14.8% |
| Amounts payable within one year | 42/48 | €110,578 | €94,162 | -€16,417 | -14.8% |
| Trade debts | 44 | €13,814 | €186 | -€13,629 | -98.7% |
| Suppliers | 440/4 | €13,814 | €186 | -€13,629 | -98.7% |
| Advances received on contracts in progress | 46 | €29,468 | - | -€29,468 | |
| Taxes, remuneration and social security | 45 | €3,472 | €300 | -€3,172 | -91.4% |
| Taxes | 450/3 | €3,472 | €300 | -€3,172 | -91.4% |
| Other amounts payable | 47/48 | €63,824 | €93,676 | +€29,852 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,102 | €14,376 | +€5,274 | +57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,249 | - | -€13,249 | |
| Other operating charges | 640/8 | €2,717 | €691 | -€2,026 | -74.6% |
| Non-recurring operating charges | 66A | €15,794 | - | -€15,794 | |
| Gross operating margin | 9900 | €3,975 | €9,442 | +€5,466 | +137.5% |
| Operating profit (loss) | 9901 | -€36,886 | -€5,626 | +€31,260 | +84.7% |
| Financial income | 75/76B | €342 | €703 | +€361 | +105.4% |
| Recurring financial income | 75 | €342 | €703 | +€361 | +105.4% |
| Financial charges | 65/66B | €679 | €1,043 | +€365 | +53.7% |
| Recurring financial charges | 65 | €679 | €1,043 | +€365 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,223 | -€5,966 | +€31,256 | +84.0% |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€37,223 | -€6,106 | +€31,117 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,223 | -€6,106 | +€31,117 | +83.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.