BM INVEST: what changed
BM INVEST
Largest movements
- Receivables within one year +€24,652
up €24,652 (+1,024%), from €2,407 to €27,059
of which Other amounts receivable: +€27,059
- Cash +€18,735
up €18,735 (+1,591%), from €1,177 to €19,913
mainly Debts after one year (+€80,616) and Depreciation (+€16,662)
- Tangible fixed assets -€16,662
down €16,662 (-2.3%), from €732,279 to €715,617
- Debts after one year +€80,616
up €80,616 (+29.0%), from €277,523 to €358,139
- Tax, wage and social debts -€27,412
down €27,412 (-66.5%), from €41,209 to €13,797
- Current portion of long-term debt -€27,236
down €27,236 (-44.7%), from €60,888 to €33,652
- Reserves +€10,556
up €10,556 (+6.4%), from €165,518 to €176,074
- Other debts -€8,113
down €8,113 (-7.6%), from €106,472 to €98,359
- Financial charges +€14,076
up €14,076 (+91.2%), from €15,427 to €29,503
- Gross operating margin +€5,943
up €5,943 (+9.9%), from €60,316 to €66,259
- Taxes -€3,232
down €3,232 (-38.0%), from €8,515 to €5,282
- Other operating charges +€1,403
up €1,403 (+45.5%), from €3,084 to €4,487
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €735,863 | €762,589 | +€26,726 | +3.6% |
| Fixed assets | 21/28 | €732,279 | €715,617 | -€16,662 | -2.3% |
| Tangible fixed assets | 22/27 | €732,279 | €715,617 | -€16,662 | -2.3% |
| Land and buildings | 22 | €732,279 | €715,617 | -€16,662 | -2.3% |
| Current assets | 29/58 | €3,584 | €46,972 | +€43,388 | +1,211% |
| Amounts receivable within one year | 40/41 | €2,407 | €27,059 | +€24,652 | +1,024% |
| Trade receivables | 40 | €2,407 | - | -€2,407 | |
| Other amounts receivable | 41 | - | €27,059 | +€27,059 | |
| Cash at bank and in hand | 54/58 | €1,177 | €19,913 | +€18,735 | +1,591% |
| Total equity and liabilities | 10/49 | €735,863 | €762,589 | +€26,726 | +3.6% |
| Equity | 10/15 | €247,536 | €258,092 | +€10,556 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €69,618 | €69,618 | = | 0.0% |
| Reserves | 13 | €165,518 | €176,074 | +€10,556 | +6.4% |
| Distributable reserves | 133 | €165,518 | €176,074 | +€10,556 | +6.4% |
| Amounts payable | 17/49 | €488,326 | €504,497 | +€16,170 | +3.3% |
| Amounts payable after more than one year | 17 | €277,523 | €358,139 | +€80,616 | +29.0% |
| Financial debts | 170/4 | €277,523 | €358,139 | +€80,616 | +29.0% |
| Amounts payable within one year | 42/48 | €210,803 | €146,358 | -€64,445 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €60,888 | €33,652 | -€27,236 | -44.7% |
| Trade debts | 44 | €2,234 | €550 | -€1,684 | -75.4% |
| Suppliers | 440/4 | €2,234 | €550 | -€1,684 | -75.4% |
| Taxes, remuneration and social security | 45 | €41,209 | €13,797 | -€27,412 | -66.5% |
| Taxes | 450/3 | €41,209 | €13,797 | -€27,412 | -66.5% |
| Other amounts payable | 47/48 | €106,472 | €98,359 | -€8,113 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,662 | €16,662 | = | 0.0% |
| Other operating charges | 640/8 | €3,084 | €4,487 | +€1,403 | +45.5% |
| Gross operating margin | 9900 | €60,316 | €66,259 | +€5,943 | +9.9% |
| Operating profit (loss) | 9901 | €40,570 | €45,110 | +€4,540 | +11.2% |
| Financial income | 75/76B | €0 | €231 | +€230 | +82,264% |
| Recurring financial income | 75 | €0 | €231 | +€230 | +82,264% |
| Financial charges | 65/66B | €15,427 | €29,503 | +€14,076 | +91.2% |
| Recurring financial charges | 65 | €15,427 | €29,503 | +€14,076 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €25,143 | €15,838 | -€9,306 | -37.0% |
| Income taxes | 67/77 | €8,515 | €5,282 | -€3,232 | -38.0% |
| Profit (loss) for the period | 9904 | €16,629 | €10,556 | -€6,073 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,629 | €10,556 | -€6,073 | -36.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.