BM ENGINEERING GROUP: 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 ENGINEERING GROUP
Largest movements
- Current investments -€287,500
down €287,500 (-100.0%), from €287,500 to €0
- Cash +€116,971
up €116,971 (+85.7%), from €136,511 to €253,482
mainly Current investments (+€287,500) and Receivables after one year (+€111,777)
- Receivables after one year -€111,777
down €111,777 (-33.3%), from €335,331 to €223,554
of which Trade receivables: -€65,331
- Other debts -€237,501
down €237,501 (-100.0%), from €237,501 to €0
- Debts after one year -€181,911
down €181,911 (-38.0%), from €478,924 to €297,014
- Financial income -€140,737
down €140,737 (-94.9%), from €148,248 to €7,511
- Financial charges +€28,583
up €28,583 (+155.3%), from €18,409 to €46,992
of which Non-recurring financial charges: +€22,005
- Gross operating margin +€22,732
up €22,732 (+4.6%), from €493,391 to €516,124
- Depreciation +€12,891
up €12,891 (+14.1%), from €91,335 to €104,225
- Staff costs +€10,514
up €10,514 (+3.6%), from €288,529 to €299,043
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 | €5,682,791 | €5,324,550 | -€358,241 | -6.3% |
| Fixed assets | 21/28 | €3,808,633 | €3,738,148 | -€70,485 | -1.9% |
| Intangible fixed assets | 21 | €16,580 | €5,363 | -€11,217 | -67.7% |
| Tangible fixed assets | 22/27 | €248,273 | €239,045 | -€9,228 | -3.7% |
| Furniture and vehicles | 24 | €173,198 | €177,008 | +€3,811 | +2.2% |
| Other tangible fixed assets | 26 | €75,075 | €62,036 | -€13,039 | -17.4% |
| Financial fixed assets | 28 | €3,543,780 | €3,493,740 | -€50,040 | -1.4% |
| Current assets | 29/58 | €1,874,158 | €1,586,402 | -€287,756 | -15.4% |
| Amounts receivable after more than one year | 29 | €335,331 | €223,554 | -€111,777 | -33.3% |
| Trade receivables | 290 | €65,331 | €0 | -€65,331 | -100.0% |
| Other amounts receivable | 291 | €270,000 | €223,554 | -€46,446 | -17.2% |
| Amounts receivable within one year | 40/41 | €1,009,270 | €1,060,053 | +€50,783 | +5.0% |
| Trade receivables | 40 | €632,421 | €123,733 | -€508,689 | -80.4% |
| Other amounts receivable | 41 | €376,849 | €936,320 | +€559,471 | +148.5% |
| Current investments | 50/53 | €287,500 | €0 | -€287,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €136,511 | €253,482 | +€116,971 | +85.7% |
| Deferred charges and accrued income | 490/1 | €105,546 | €49,314 | -€56,232 | -53.3% |
| Total equity and liabilities | 10/49 | €5,682,791 | €5,324,550 | -€358,241 | -6.3% |
| Equity | 10/15 | €4,662,640 | €4,714,483 | +€51,843 | +1.1% |
| Contributions | 10/11 | €3,139,964 | €3,139,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,522,676 | €1,574,519 | +€51,843 | +3.4% |
| Amounts payable | 17/49 | €1,020,151 | €610,067 | -€410,084 | -40.2% |
| Amounts payable after more than one year | 17 | €478,924 | €297,014 | -€181,911 | -38.0% |
| Financial debts | 170/4 | €478,924 | €297,014 | -€181,911 | -38.0% |
| Amounts payable within one year | 42/48 | €535,889 | €304,839 | -€231,051 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €88,486 | €92,050 | +€3,564 | +4.0% |
| Financial debts | 43 | €1,217 | €3,087 | +€1,870 | +153.6% |
| Credit institutions | 430/8 | €1,217 | €3,087 | +€1,870 | +153.6% |
| Trade debts | 44 | €197,013 | €184,916 | -€12,098 | -6.1% |
| Suppliers | 440/4 | €197,013 | €184,916 | -€12,098 | -6.1% |
| Taxes, remuneration and social security | 45 | €11,672 | €24,786 | +€13,114 | +112.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €11,672 | €24,786 | +€13,114 | +112.4% |
| Other amounts payable | 47/48 | €237,501 | €0 | -€237,501 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,338 | €8,214 | +€2,877 | +53.9% |
| Non-recurring operating income | 76A | €23,752 | €400 | -€23,352 | -98.3% |
| Remuneration, social security and pensions | 62 | €288,529 | €299,043 | +€10,514 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,335 | €104,225 | +€12,891 | +14.1% |
| Other operating charges | 640/8 | €6,177 | €1,431 | -€4,745 | -76.8% |
| Non-recurring operating charges | 66A | - | €938 | +€938 | |
| Gross operating margin | 9900 | €493,391 | €516,124 | +€22,732 | +4.6% |
| Operating profit (loss) | 9901 | €107,351 | €110,486 | +€3,135 | +2.9% |
| Financial income | 75/76B | €148,248 | €7,511 | -€140,737 | -94.9% |
| Recurring financial income | 75 | €148,248 | €7,511 | -€140,737 | -94.9% |
| Financial charges | 65/66B | €18,409 | €46,992 | +€28,583 | +155.3% |
| Recurring financial charges | 65 | €18,409 | €24,986 | +€6,577 | +35.7% |
| Non-recurring financial charges | 66B | - | €22,005 | +€22,005 | |
| Profit (loss) for the period before taxes | 9903 | €237,191 | €71,006 | -€166,185 | -70.1% |
| Income taxes | 67/77 | €20,155 | €19,163 | -€993 | -4.9% |
| Profit (loss) for the period | 9904 | €217,036 | €51,843 | -€165,193 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €217,036 | €51,843 | -€165,193 | -76.1% |
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 2 October 2026 via checked.be.