BM CONSULT: 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 CONSULT
Largest movements
- Cash -€24,038
down €24,038 (-35.0%), from €68,737 to €44,699
mainly Investment in fixed assets (net) (-€34,756) and Debts after one year (-€27,182)
- Tangible fixed assets +€6,934
up €6,934 (+1.8%), from €391,343 to €398,277
of which Other tangible fixed assets: +€11,980
- Debts after one year -€27,182
down €27,182 (-13.8%), from €197,115 to €169,933
- Reserves +€14,411
up €14,411 (+11.2%), from €128,141 to €142,551
- Tax, wage and social debts -€6,232
down €6,232 (-93.0%), from €6,702 to €470
- Other debts +€6,086
up €6,086 (+148%), from €4,117 to €10,203
- Gross operating margin -€12,195
down €12,195 (-18.0%), from €67,705 to €55,510
- Taxes -€3,451
down €3,451 (-36.4%), from €9,473 to €6,022
- Financial charges -€1,176
down €1,176 (-16.4%), from €7,173 to €5,996
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 | €462,193 | €448,183 | -€14,009 | -3.0% |
| Fixed assets | 21/28 | €391,343 | €398,277 | +€6,934 | +1.8% |
| Tangible fixed assets | 22/27 | €391,343 | €398,277 | +€6,934 | +1.8% |
| Land and buildings | 22 | €298,764 | €298,763 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €26,056 | €23,803 | -€2,253 | -8.6% |
| Furniture and vehicles | 24 | €15,552 | €12,759 | -€2,793 | -18.0% |
| Other tangible fixed assets | 26 | €50,972 | €62,952 | +€11,980 | +23.5% |
| Current assets | 29/58 | €70,849 | €49,906 | -€20,943 | -29.6% |
| Amounts receivable within one year | 40/41 | €2,112 | €4,817 | +€2,704 | +128% |
| Trade receivables | 40 | €1,513 | €389 | -€1,124 | -74.3% |
| Other amounts receivable | 41 | €599 | €4,428 | +€3,829 | +639% |
| Cash at bank and in hand | 54/58 | €68,737 | €44,699 | -€24,038 | -35.0% |
| Deferred charges and accrued income | 490/1 | - | €390 | +€390 | |
| Total equity and liabilities | 10/49 | €462,193 | €448,183 | -€14,009 | -3.0% |
| Equity | 10/15 | €134,341 | €148,751 | +€14,411 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €128,141 | €142,551 | +€14,411 | +11.2% |
| Distributable reserves | 133 | €128,141 | €142,551 | +€14,411 | +11.2% |
| Amounts payable | 17/49 | €327,852 | €299,432 | -€28,420 | -8.7% |
| Amounts payable after more than one year | 17 | €197,115 | €169,933 | -€27,182 | -13.8% |
| Financial debts | 170/4 | €197,115 | €169,933 | -€27,182 | -13.8% |
| Amounts payable within one year | 42/48 | €49,106 | €45,760 | -€3,346 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €30,686 | €27,182 | -€3,504 | -11.4% |
| Financial debts | 43 | €2,268 | €21 | -€2,247 | -99.1% |
| Credit institutions | 430/8 | €2,268 | €21 | -€2,247 | -99.1% |
| Trade debts | 44 | €5,334 | €7,884 | +€2,551 | +47.8% |
| Suppliers | 440/4 | €5,334 | €7,884 | +€2,551 | +47.8% |
| Taxes, remuneration and social security | 45 | €6,702 | €470 | -€6,232 | -93.0% |
| Taxes | 450/3 | €6,702 | €470 | -€6,232 | -93.0% |
| Other amounts payable | 47/48 | €4,117 | €10,203 | +€6,086 | +148% |
| Accrued charges and deferred income | 492/3 | €81,631 | €83,739 | +€2,108 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,282 | €27,822 | +€540 | +2.0% |
| Other operating charges | 640/8 | €1,348 | €1,501 | +€153 | +11.4% |
| Gross operating margin | 9900 | €67,705 | €55,510 | -€12,195 | -18.0% |
| Operating profit (loss) | 9901 | €39,075 | €26,186 | -€12,889 | -33.0% |
| Financial income | 75/76B | €418 | €243 | -€175 | -41.9% |
| Recurring financial income | 75 | €418 | €243 | -€175 | -41.9% |
| Financial charges | 65/66B | €7,173 | €5,996 | -€1,176 | -16.4% |
| Recurring financial charges | 65 | €7,173 | €5,996 | -€1,176 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €32,321 | €20,433 | -€11,888 | -36.8% |
| Income taxes | 67/77 | €9,473 | €6,022 | -€3,451 | -36.4% |
| Profit (loss) for the period | 9904 | €22,848 | €14,411 | -€8,437 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,848 | €14,411 | -€8,437 | -36.9% |
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 13 October 2026 via checked.be.