BM IMMOBILIER: 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 IMMOBILIER
Largest movements
- Stocks and contracts -€57,922
down €57,922 (-9.1%), from €634,392 to €576,471
- Receivables within one year -€57,718
down €57,718 (-64.1%), from €90,109 to €32,391
of which Trade receivables: -€44,035
- Receivables after one year +€25,000
new in 2025: €25,000
- Tangible fixed assets -€12,223
down €12,223 (-47.3%), from €25,855 to €13,632
- Cash -€10,179
down €10,179 (-38.9%), from €26,177 to €15,998
mainly Debts after one year (-€126,018) and Trade debts (-€50,499)
- Debts after one year -€126,018
down €126,018 (-21.6%), from €583,394 to €457,376
- Tax, wage and social debts +€62,598
up €62,598 (+37,938%), from €165 to €62,763
- Trade debts -€50,499
down €50,499 (-65.1%), from €77,563 to €27,064
- Profit (loss) carried forward -€10,281
down €10,281 (-16.0%), from -€64,355 to -€74,636
- Other debts +€10,192
up €10,192 (+6.4%), from €158,538 to €168,730
- Purchases and services +€223,802
up €223,802 (+759%), from €29,486 to €253,288
- Gross operating margin +€76,235
up €76,235, from -€27,204 to €49,031
- Financial charges +€41,134
up €41,134 (+652%), from €6,312 to €47,445
- Depreciation -€3,758
down €3,758 (-23.5%), from €15,981 to €12,223
- Financial income +€1,386
up €1,386 (+5,133%), from €27 to €1,413
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 | €777,671 | €664,005 | -€113,665 | -14.6% |
| Fixed assets | 21/28 | €26,355 | €14,132 | -€12,223 | -46.4% |
| Tangible fixed assets | 22/27 | €25,855 | €13,632 | -€12,223 | -47.3% |
| Furniture and vehicles | 24 | €25,855 | €13,632 | -€12,223 | -47.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €751,316 | €649,873 | -€101,443 | -13.5% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Stocks and contracts in progress | 3 | €634,392 | €576,471 | -€57,922 | -9.1% |
| Stocks | 30/36 | €634,392 | €576,471 | -€57,922 | -9.1% |
| Amounts receivable within one year | 40/41 | €90,109 | €32,391 | -€57,718 | -64.1% |
| Trade receivables | 40 | €74,151 | €30,116 | -€44,035 | -59.4% |
| Other amounts receivable | 41 | €15,958 | €2,275 | -€13,683 | -85.7% |
| Cash at bank and in hand | 54/58 | €26,177 | €15,998 | -€10,179 | -38.9% |
| Deferred charges and accrued income | 490/1 | €637 | €14 | -€623 | -97.8% |
| Total equity and liabilities | 10/49 | €777,671 | €664,005 | -€113,665 | -14.6% |
| Equity | 10/15 | -€49,355 | -€59,636 | -€10,281 | -20.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,355 | -€74,636 | -€10,281 | -16.0% |
| Amounts payable | 17/49 | €827,026 | €723,641 | -€103,384 | -12.5% |
| Amounts payable after more than one year | 17 | €583,394 | €457,376 | -€126,018 | -21.6% |
| Financial debts | 170/4 | €583,394 | €457,376 | -€126,018 | -21.6% |
| Amounts payable within one year | 42/48 | €243,631 | €266,265 | +€22,634 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €7,366 | €7,709 | +€343 | +4.7% |
| Trade debts | 44 | €77,563 | €27,064 | -€50,499 | -65.1% |
| Suppliers | 440/4 | €77,563 | €27,064 | -€50,499 | -65.1% |
| Taxes, remuneration and social security | 45 | €165 | €62,763 | +€62,598 | +37,938% |
| Taxes | 450/3 | €165 | €62,763 | +€62,598 | +37,938% |
| Other amounts payable | 47/48 | €158,538 | €168,730 | +€10,192 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,486 | €253,288 | +€223,802 | +759% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,981 | €12,223 | -€3,758 | -23.5% |
| Other operating charges | 640/8 | €1,005 | €948 | -€57 | -5.7% |
| Gross operating margin | 9900 | -€27,204 | €49,031 | +€76,235 | |
| Operating profit (loss) | 9901 | -€44,190 | €35,859 | +€80,049 | |
| Financial income | 75/76B | €27 | €1,413 | +€1,386 | +5,133% |
| Recurring financial income | 75 | €27 | €1,413 | +€1,386 | +5,133% |
| Financial charges | 65/66B | €6,312 | €47,445 | +€41,134 | +652% |
| Recurring financial charges | 65 | €6,312 | €47,445 | +€41,134 | +652% |
| Profit (loss) for the period before taxes | 9903 | -€50,474 | -€10,173 | +€40,301 | +79.8% |
| Income taxes | 67/77 | €165 | €108 | -€57 | -34.6% |
| Profit (loss) for the period | 9904 | -€50,639 | -€10,281 | +€40,358 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,639 | -€10,281 | +€40,358 | +79.7% |
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 24 October 2026 via checked.be.