BM ENGINEERING TECON: 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 TECON
Largest movements
- Receivables within one year -€162,617
down €162,617 (-59.2%), from €274,493 to €111,876
of which Trade receivables: -€112,325
- Intangible fixed assets -€89,000
down €89,000 (-28.6%), from €310,890 to €221,890
- Cash +€61,016
up €61,016 (+46.2%), from €131,988 to €193,005
mainly Receivables within one year (+€162,617) and Depreciation (+€97,024)
- Tangible fixed assets -€8,024
down €8,024 (-31.5%), from €25,511 to €17,487
of which Furniture and vehicles: -€7,054
- Debts after one year -€90,000
down €90,000 (-33.3%), from €270,000 to €180,000
- Current portion of long-term debt -€90,000
down €90,000 (-50.0%), from €180,000 to €90,000
- Trade debts -€55,696
down €55,696 (-40.3%), from €138,120 to €82,425
- Other debts +€20,000
up €20,000 (+27.7%), from €72,079 to €92,079
- Short-term financial debts +€17,025
new in 2025: €17,025
- Staff costs -€155,721
down €155,721 (-35.8%), from €435,479 to €279,759
- Gross operating margin -€150,922
down €150,922 (-27.7%), from €545,127 to €394,206
- Financial income -€9,996
down €9,996 (-90.9%), from €10,992 to €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.
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 | €749,418 | €554,119 | -€195,299 | -26.1% |
| Fixed assets | 21/28 | €338,751 | €241,978 | -€96,774 | -28.6% |
| Intangible fixed assets | 21 | €310,890 | €221,890 | -€89,000 | -28.6% |
| Tangible fixed assets | 22/27 | €25,511 | €17,487 | -€8,024 | -31.5% |
| Plant, machinery and equipment | 23 | €2,910 | €1,940 | -€970 | -33.3% |
| Furniture and vehicles | 24 | €22,601 | €15,547 | -€7,054 | -31.2% |
| Financial fixed assets | 28 | €2,350 | €2,600 | +€250 | +10.6% |
| Current assets | 29/58 | €410,667 | €312,141 | -€98,525 | -24.0% |
| Amounts receivable within one year | 40/41 | €274,493 | €111,876 | -€162,617 | -59.2% |
| Trade receivables | 40 | €220,093 | €107,768 | -€112,325 | -51.0% |
| Other amounts receivable | 41 | €54,400 | €4,108 | -€50,292 | -92.4% |
| Cash at bank and in hand | 54/58 | €131,988 | €193,005 | +€61,016 | +46.2% |
| Deferred charges and accrued income | 490/1 | €4,185 | €7,261 | +€3,075 | +73.5% |
| Total equity and liabilities | 10/49 | €749,418 | €554,119 | -€195,299 | -26.1% |
| Equity | 10/15 | €33,363 | €38,435 | +€5,072 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,139 | €6,139 | = | 0.0% |
| Distributable reserves | 133 | €6,139 | €6,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,624 | €13,696 | +€5,072 | +58.8% |
| Amounts payable | 17/49 | €716,055 | €515,684 | -€200,371 | -28.0% |
| Amounts payable after more than one year | 17 | €270,000 | €180,000 | -€90,000 | -33.3% |
| Financial debts | 170/4 | €270,000 | €180,000 | -€90,000 | -33.3% |
| Amounts payable within one year | 42/48 | €445,967 | €335,594 | -€110,373 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €180,000 | €90,000 | -€90,000 | -50.0% |
| Financial debts | 43 | - | €17,025 | +€17,025 | |
| Credit institutions | 430/8 | - | €17,025 | +€17,025 | |
| Trade debts | 44 | €138,120 | €82,425 | -€55,696 | -40.3% |
| Suppliers | 440/4 | €138,120 | €82,425 | -€55,696 | -40.3% |
| Taxes, remuneration and social security | 45 | €55,767 | €54,065 | -€1,702 | -3.1% |
| Taxes | 450/3 | €0 | €15,428 | +€15,428 | |
| Remuneration and social security | 454/9 | €55,767 | €38,637 | -€17,130 | -30.7% |
| Other amounts payable | 47/48 | €72,079 | €92,079 | +€20,000 | +27.7% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Remuneration, social security and pensions | 62 | €435,479 | €279,759 | -€155,721 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,830 | €97,024 | -€2,807 | -2.8% |
| Other operating charges | 640/8 | €851 | €1,318 | +€468 | +54.9% |
| Gross operating margin | 9900 | €545,127 | €394,206 | -€150,922 | -27.7% |
| Operating profit (loss) | 9901 | €8,967 | €16,105 | +€7,138 | +79.6% |
| Financial income | 75/76B | €10,992 | €996 | -€9,996 | -90.9% |
| Recurring financial income | 75 | €10,992 | €996 | -€9,996 | -90.9% |
| Financial charges | 65/66B | €9,967 | €6,137 | -€3,830 | -38.4% |
| Recurring financial charges | 65 | €9,967 | €6,137 | -€3,830 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €9,992 | €10,964 | +€972 | +9.7% |
| Income taxes | 67/77 | €7,136 | €5,892 | -€1,244 | -17.4% |
| Profit (loss) for the period | 9904 | €2,856 | €5,072 | +€2,215 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,856 | €5,072 | +€2,215 | +77.6% |
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 5 October 2026 via checked.be.