BM INVEST: 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 INVEST
Largest movements
- Cash -€76,308
down €76,308 (-92.8%), from €82,255 to €5,946
mainly Short-term financial debts (-€104,000) and Other debts (-€27,340)
- Receivables within one year -€51,107
down €51,107 (-73.8%), from €69,257 to €18,150
of which Trade receivables: -€45,128
- Tangible fixed assets -€10,187
down €10,187 (-30.7%), from €33,210 to €23,023
- Short-term financial debts -€104,000
down €104,000 (-51.0%), from €204,000 to €100,000
- Other debts -€27,340
down €27,340 (-73.2%), from €37,360 to €10,020
- Profit (loss) carried forward +€12,930
up €12,930 (+9.7%), from -€133,739 to -€120,809
- Current portion of long-term debt -€8,289
down €8,289 (-74.7%), from €11,090 to €2,802
- Trade debts -€7,402
down €7,402 (-95.4%), from €7,760 to €359
- Gross operating margin +€57,892
up €57,892, from -€45,020 to €12,872
- Financial income +€11,477
up €11,477 (+9,003%), from €127 to €11,604
- Other operating charges -€3,324
down €3,324 (-88.4%), from €3,758 to €434
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 | €184,722 | €47,119 | -€137,602 | -74.5% |
| Fixed assets | 21/28 | €33,210 | €23,023 | -€10,187 | -30.7% |
| Tangible fixed assets | 22/27 | €33,210 | €23,023 | -€10,187 | -30.7% |
| Furniture and vehicles | 24 | €33,210 | €23,023 | -€10,187 | -30.7% |
| Current assets | 29/58 | €151,512 | €24,096 | -€127,415 | -84.1% |
| Amounts receivable within one year | 40/41 | €69,257 | €18,150 | -€51,107 | -73.8% |
| Trade receivables | 40 | €63,278 | €18,150 | -€45,128 | -71.3% |
| Other amounts receivable | 41 | €5,979 | €0 | -€5,979 | -100% |
| Cash at bank and in hand | 54/58 | €82,255 | €5,946 | -€76,308 | -92.8% |
| Total equity and liabilities | 10/49 | €184,722 | €47,119 | -€137,602 | -74.5% |
| Equity | 10/15 | -€83,739 | -€70,809 | +€12,930 | +15.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,739 | -€120,809 | +€12,930 | +9.7% |
| Amounts payable | 17/49 | €268,460 | €117,928 | -€150,532 | -56.1% |
| Amounts payable after more than one year | 17 | €2,802 | €0 | -€2,802 | -100% |
| Financial debts | 170/4 | €2,802 | €0 | -€2,802 | -100% |
| Amounts payable within one year | 42/48 | €265,659 | €117,928 | -€147,731 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €11,090 | €2,802 | -€8,289 | -74.7% |
| Financial debts | 43 | €204,000 | €100,000 | -€104,000 | -51.0% |
| Other loans | 439 | €204,000 | €100,000 | -€104,000 | -51.0% |
| Trade debts | 44 | €7,760 | €359 | -€7,402 | -95.4% |
| Suppliers | 440/4 | €7,760 | €359 | -€7,402 | -95.4% |
| Taxes, remuneration and social security | 45 | €5,448 | €4,747 | -€700 | -12.9% |
| Taxes | 450/3 | €5,448 | €4,747 | -€700 | -12.9% |
| Other amounts payable | 47/48 | €37,360 | €10,020 | -€27,340 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,180 | €10,187 | +€7 | +0.1% |
| Other operating charges | 640/8 | €3,758 | €434 | -€3,324 | -88.4% |
| Gross operating margin | 9900 | -€45,020 | €12,872 | +€57,892 | |
| Operating profit (loss) | 9901 | -€58,957 | €2,251 | +€61,208 | |
| Financial income | 75/76B | €127 | €11,604 | +€11,477 | +9,003% |
| Recurring financial income | 75 | €127 | €11,604 | +€11,477 | +9,003% |
| Financial charges | 65/66B | €487 | €498 | +€11 | +2.4% |
| Recurring financial charges | 65 | €487 | €498 | +€11 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€59,316 | €13,357 | +€72,673 | |
| Income taxes | 67/77 | €346 | €451 | +€105 | +30.3% |
| Profit (loss) for the period | 9904 | -€59,663 | €12,906 | +€72,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,663 | €12,906 | +€72,568 |
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 29 October 2026 via checked.be.