BM DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Receivables within one year +€66,108
up €66,108 (+87.8%), from €75,323 to €141,431
of which Trade receivables: +€66,162
- Deferred charges and accrued income +€15,192
up €15,192 (+818.5%), from €1,856 to €17,048
- Cash +€12,224
up €12,224 (+73.8%), from €16,556 to €28,780
mainly Advances received (+€62,001) and Trade debts (+€38,143)
- Stocks and contracts +€11,933
up €11,933 (+246.8%), from €4,835 to €16,768
- Tangible fixed assets -€3,681
down €3,681 (-14.5%), from €25,474 to €21,793
of which Other tangible fixed assets: -€1,960
- Advances received +€62,001
up €62,001, from €0 to €62,001
- Trade debts +€38,143
up €38,143 (+40.2%), from €94,789 to €132,932
- Other debts -€11,537
down €11,537 (-17.2%), from €66,926 to €55,389
- Tax, wage and social debts +€11,368
up €11,368 (+71.1%), from €15,978 to €27,346
of which Taxes: +€7,365
- Gross operating margin -€10,201
down €10,201 (-13.1%), from €77,947 to €67,746
- Other operating charges -€7,188
down €7,188 (-28.0%), from €25,664 to €18,477
- Depreciation +€4,644
up €4,644 (+133.2%), from €3,487 to €8,131
- Staff costs +€1,453
up €1,453 (+3.9%), from €37,064 to €38,517
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,344 | €226,120 | +€101,776 | +81.8% |
| Fixed assets | 21/28 | €25,774 | €22,093 | -€3,681 | -14.3% |
| Tangible fixed assets | 22/27 | €25,474 | €21,793 | -€3,681 | -14.5% |
| Plant, machinery and equipment | 23 | €10,022 | €9,825 | -€197 | -2.0% |
| Furniture and vehicles | 24 | €7,063 | €5,539 | -€1,524 | -21.6% |
| Other tangible fixed assets | 26 | €8,390 | €6,430 | -€1,960 | -23.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €98,570 | €204,027 | +€105,457 | +107.0% |
| Stocks and contracts in progress | 3 | €4,835 | €16,768 | +€11,933 | +246.8% |
| Stocks | 30/36 | €4,835 | €16,768 | +€11,933 | +246.8% |
| Amounts receivable within one year | 40/41 | €75,323 | €141,431 | +€66,108 | +87.8% |
| Trade receivables | 40 | €74,868 | €141,031 | +€66,162 | +88.4% |
| Other amounts receivable | 41 | €455 | €400 | -€55 | -12.0% |
| Cash at bank and in hand | 54/58 | €16,556 | €28,780 | +€12,224 | +73.8% |
| Deferred charges and accrued income | 490/1 | €1,856 | €17,048 | +€15,192 | +818.5% |
| Total equity and liabilities | 10/49 | €124,344 | €226,120 | +€101,776 | +81.8% |
| Equity | 10/15 | -€53,348 | -€51,547 | +€1,801 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,948 | -€70,147 | +€1,801 | +2.5% |
| Amounts payable | 17/49 | €177,693 | €277,667 | +€99,975 | +56.3% |
| Amounts payable within one year | 42/48 | €177,693 | €277,667 | +€99,975 | +56.3% |
| Trade debts | 44 | €94,789 | €132,932 | +€38,143 | +40.2% |
| Suppliers | 440/4 | €94,789 | €132,932 | +€38,143 | +40.2% |
| Advances received on contracts in progress | 46 | €0 | €62,001 | +€62,001 | |
| Taxes, remuneration and social security | 45 | €15,978 | €27,346 | +€11,368 | +71.1% |
| Taxes | 450/3 | €7,852 | €15,217 | +€7,365 | +93.8% |
| Remuneration and social security | 454/9 | €8,126 | €12,129 | +€4,003 | +49.3% |
| Other amounts payable | 47/48 | €66,926 | €55,389 | -€11,537 | -17.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,599 | - | -€2,599 | |
| Remuneration, social security and pensions | 62 | €37,064 | €38,517 | +€1,453 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,487 | €8,131 | +€4,644 | +133.2% |
| Other operating charges | 640/8 | €25,664 | €18,477 | -€7,188 | -28.0% |
| Gross operating margin | 9900 | €77,947 | €67,746 | -€10,201 | -13.1% |
| Operating profit (loss) | 9901 | €11,731 | €2,622 | -€9,109 | -77.7% |
| Financial income | 75/76B | €24 | €28 | +€5 | +21.0% |
| Recurring financial income | 75 | €24 | €28 | +€5 | +21.0% |
| Financial charges | 65/66B | €837 | €401 | -€436 | -52.1% |
| Recurring financial charges | 65 | €837 | €401 | -€436 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €10,917 | €2,249 | -€8,668 | -79.4% |
| Income taxes | 67/77 | €92 | €448 | +€356 | +385.6% |
| Profit (loss) for the period | 9904 | €10,825 | €1,801 | -€9,024 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,825 | €1,801 | -€9,024 | -83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.