BM Engineering: 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 Engineering
Largest movements
- Receivables within one year +€212,256
up €212,256 (+11.8%), from €1.8m to €2.0m
of which Trade receivables: +€220,008
- Cash +€88,574
up €88,574 (+17.9%), from €494,857 to €583,430
mainly Other debts (+€668,109) and Net result for the year (+€305,139)
- Deferred charges and accrued income -€32,183
down €32,183 (-74.4%), from €43,264 to €11,081
- Tangible fixed assets -€28,730
down €28,730 (-26.0%), from €110,389 to €81,659
- Other debts +€668,109
up €668,109 (+296%), from €225,804 to €893,913
- Trade debts -€226,795
down €226,795 (-18.6%), from €1.2m to €990,573
- Tax, wage and social debts -€138,856
down €138,856 (-31.0%), from €448,141 to €309,284
of which Remuneration and social security: -€86,257
- Short-term financial debts -€40,275
down €40,275 (-21.1%), from €190,538 to €150,263
- Debts after one year -€37,657
down €37,657 (-25.3%), from €148,889 to €111,232
- Staff costs -€573,124
down €573,124 (-24.2%), from €2.4m to €1.8m
- Gross operating margin -€442,427
down €442,427 (-16.6%), from €2.7m to €2.2m
- Provisions -€119,025
down €119,025, from €109,969 to -€9,057
- Write-downs +€32,725
up €32,725, from -€32,725 to €0
- Other operating charges +€31,610
up €31,610 (+1,077%), from €2,934 to €34,545
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 | €2,595,244 | €2,828,010 | +€232,766 | +9.0% |
| Fixed assets | 21/28 | €257,802 | €221,922 | -€35,880 | -13.9% |
| Intangible fixed assets | 21 | €147,413 | €137,413 | -€10,000 | -6.8% |
| Tangible fixed assets | 22/27 | €110,389 | €81,659 | -€28,730 | -26.0% |
| Furniture and vehicles | 24 | €110,389 | €81,659 | -€28,730 | -26.0% |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €2,337,442 | €2,606,089 | +€268,646 | +11.5% |
| Amounts receivable within one year | 40/41 | €1,799,322 | €2,011,578 | +€212,256 | +11.8% |
| Trade receivables | 40 | €1,778,093 | €1,998,101 | +€220,008 | +12.4% |
| Other amounts receivable | 41 | €21,228 | €13,477 | -€7,752 | -36.5% |
| Cash at bank and in hand | 54/58 | €494,857 | €583,430 | +€88,574 | +17.9% |
| Deferred charges and accrued income | 490/1 | €43,264 | €11,081 | -€32,183 | -74.4% |
| Total equity and liabilities | 10/49 | €2,595,244 | €2,828,010 | +€232,766 | +9.0% |
| Equity | 10/15 | €74,308 | €90,096 | +€15,789 | +21.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,658 | €22,446 | +€15,789 | +237% |
| Provisions and deferred taxes | 16 | €253,679 | €244,622 | -€9,057 | -3.6% |
| Provisions for liabilities and charges | 160/5 | €253,679 | €244,622 | -€9,057 | -3.6% |
| Other liabilities and charges | 164/5 | €253,679 | €244,622 | -€9,057 | -3.6% |
| Amounts payable | 17/49 | €2,267,258 | €2,493,292 | +€226,034 | +10.0% |
| Amounts payable after more than one year | 17 | €148,889 | €111,232 | -€37,657 | -25.3% |
| Financial debts | 170/4 | €148,889 | €111,232 | -€37,657 | -25.3% |
| Amounts payable within one year | 42/48 | €2,118,281 | €2,381,690 | +€263,409 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €36,431 | €37,657 | +€1,226 | +3.4% |
| Financial debts | 43 | €190,538 | €150,263 | -€40,275 | -21.1% |
| Credit institutions | 430/8 | €190,538 | €150,263 | -€40,275 | -21.1% |
| Trade debts | 44 | €1,217,368 | €990,573 | -€226,795 | -18.6% |
| Suppliers | 440/4 | €1,217,368 | €990,573 | -€226,795 | -18.6% |
| Taxes, remuneration and social security | 45 | €448,141 | €309,284 | -€138,856 | -31.0% |
| Taxes | 450/3 | €107,097 | €54,498 | -€52,599 | -49.1% |
| Remuneration and social security | 454/9 | €341,044 | €254,786 | -€86,257 | -25.3% |
| Other amounts payable | 47/48 | €225,804 | €893,913 | +€668,109 | +296% |
| Accrued charges and deferred income | 492/3 | €88 | €370 | +€282 | +322% |
| Non-recurring operating income | 76A | €11,500 | €29,791 | +€18,291 | +159% |
| Remuneration, social security and pensions | 62 | €2,363,641 | €1,790,517 | -€573,124 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,307 | €35,188 | +€15,881 | +82.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32,725 | €0 | +€32,725 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €109,969 | -€9,057 | -€119,025 | |
| Other operating charges | 640/8 | €2,934 | €34,545 | +€31,610 | +1,077% |
| Non-recurring operating charges | 66A | €9,764 | €2,220 | -€7,544 | -77.3% |
| Gross operating margin | 9900 | €2,659,862 | €2,217,435 | -€442,427 | -16.6% |
| Operating profit (loss) | 9901 | €186,973 | €364,023 | +€177,050 | +94.7% |
| Financial charges | 65/66B | €26,490 | €30,836 | +€4,346 | +16.4% |
| Recurring financial charges | 65 | €26,490 | €30,836 | +€4,346 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €160,483 | €333,187 | +€172,704 | +108% |
| Income taxes | 67/77 | €30,613 | €28,049 | -€2,564 | -8.4% |
| Profit (loss) for the period | 9904 | €129,871 | €305,139 | +€175,268 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €129,871 | €305,139 | +€175,268 | +135% |
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 15 October 2026 via checked.be.