BM Consulting: 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 Consulting
Largest movements
- Tangible fixed assets +€100,222
up €100,222 (+386.2%), from €25,953 to €126,175
of which Other tangible fixed assets: +€106,208
- Current investments +€36,500
new in 2025: €36,500
- Cash -€28,780
down €28,780 (-43.8%), from €65,749 to €36,969
mainly Investment in fixed assets (net) (-€118,810) and Contributions, distributions and other (-€48,887)
- Receivables within one year -€6,246
down €6,246 (-5.4%), from €115,030 to €108,784
- Deferred charges and accrued income -€5,057
down €5,057 (-87.6%), from €5,773 to €716
- Debts after one year +€76,010
up €76,010 (+1303.0%), from €5,833 to €81,843
- Other debts +€14,100
new in 2025: €14,100
- Current portion of long-term debt +€13,634
up €13,634 (+103.1%), from €13,218 to €26,852
- Reserves -€9,324
down €9,324 (-5.7%), from €162,447 to €153,123
- Gross operating margin +€34,614
up €34,614 (+71.8%), from €48,232 to €82,846
- Depreciation +€7,884
up €7,884 (+73.7%), from €10,704 to €18,588
- Taxes +€6,894
up €6,894 (+59.2%), from €11,639 to €18,533
- Financial charges +€3,859
up €3,859 (+125.6%), from €3,072 to €6,931
- Financial income +€1,640
up €1,640 (+5045.7%), from €33 to €1,672
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 | €212,504 | €309,143 | +€96,639 | +45.5% |
| Fixed assets | 21/28 | €25,953 | €126,175 | +€100,222 | +386.2% |
| Tangible fixed assets | 22/27 | €25,953 | €126,175 | +€100,222 | +386.2% |
| Plant, machinery and equipment | 23 | €1,202 | €397 | -€805 | -67.0% |
| Furniture and vehicles | 24 | €13,822 | €8,641 | -€5,181 | -37.5% |
| Other tangible fixed assets | 26 | €10,929 | €117,137 | +€106,208 | +971.8% |
| Current assets | 29/58 | €186,551 | €182,968 | -€3,583 | -1.9% |
| Amounts receivable within one year | 40/41 | €115,030 | €108,784 | -€6,246 | -5.4% |
| Other amounts receivable | 41 | €115,030 | €108,784 | -€6,246 | -5.4% |
| Current investments | 50/53 | - | €36,500 | +€36,500 | |
| Cash at bank and in hand | 54/58 | €65,749 | €36,969 | -€28,780 | -43.8% |
| Deferred charges and accrued income | 490/1 | €5,773 | €716 | -€5,057 | -87.6% |
| Total equity and liabilities | 10/49 | €212,504 | €309,143 | +€96,639 | +45.5% |
| Equity | 10/15 | €181,047 | €171,723 | -€9,324 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,447 | €153,123 | -€9,324 | -5.7% |
| Distributable reserves | 133 | €162,447 | €153,123 | -€9,324 | -5.7% |
| Amounts payable | 17/49 | €31,457 | €137,419 | +€105,963 | +336.9% |
| Amounts payable after more than one year | 17 | €5,833 | €81,843 | +€76,010 | +1303.0% |
| Financial debts | 170/4 | €5,833 | €81,843 | +€76,010 | +1303.0% |
| Amounts payable within one year | 42/48 | €25,623 | €55,576 | +€29,953 | +116.9% |
| Current portion of amounts payable after more than one year | 42 | €13,218 | €26,852 | +€13,634 | +103.1% |
| Trade debts | 44 | €1,456 | €1,897 | +€441 | +30.2% |
| Suppliers | 440/4 | €1,456 | €1,897 | +€441 | +30.2% |
| Taxes, remuneration and social security | 45 | €10,949 | €12,727 | +€1,779 | +16.2% |
| Taxes | 450/3 | €10,949 | €12,727 | +€1,779 | +16.2% |
| Other amounts payable | 47/48 | - | €14,100 | +€14,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,704 | €18,588 | +€7,884 | +73.7% |
| Other operating charges | 640/8 | €1,260 | €904 | -€356 | -28.3% |
| Gross operating margin | 9900 | €48,232 | €82,846 | +€34,614 | +71.8% |
| Operating profit (loss) | 9901 | €36,269 | €63,354 | +€27,086 | +74.7% |
| Financial income | 75/76B | €33 | €1,672 | +€1,640 | +5045.7% |
| Recurring financial income | 75 | €33 | €1,672 | +€1,640 | +5045.7% |
| Financial charges | 65/66B | €3,072 | €6,931 | +€3,859 | +125.6% |
| Recurring financial charges | 65 | €3,072 | €6,931 | +€3,859 | +125.6% |
| Profit (loss) for the period before taxes | 9903 | €33,229 | €58,096 | +€24,867 | +74.8% |
| Income taxes | 67/77 | €11,639 | €18,533 | +€6,894 | +59.2% |
| Profit (loss) for the period | 9904 | €21,590 | €39,563 | +€17,973 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,590 | €39,563 | +€17,973 | +83.2% |
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 7 October 2026 via checked.be.