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
- Receivables within one year -€85,841
down €85,841 (-34.8%), from €246,376 to €160,536
of which Trade receivables: -€159,855
- Cash -€24,907
down €24,907 (-6.8%), from €366,852 to €341,946
mainly Tax, wage and social debts (-€105,517) and Debts after one year (-€86,467)
- Tangible fixed assets -€20,243
down €20,243 (-1.6%), from €1.2m to €1.2m
of which Land and buildings: -€37,937
- Tax, wage and social debts -€105,517
down €105,517 (-83.8%), from €125,964 to €20,447
- Debts after one year -€86,467
down €86,467 (-12.7%), from €681,678 to €595,211
- Current portion of long-term debt +€29,800
up €29,800 (+105%), from €28,305 to €58,105
- Reserves +€22,536
up €22,536 (+2.3%), from €991,274 to €1.0m
of which Distributable reserves: +€22,536
- Gross operating margin -€324,928
down €324,928 (-71.0%), from €457,683 to €132,756
- Taxes -€108,094
down €108,094 (-89.4%), from €120,867 to €12,774
- Depreciation +€10,421
up €10,421 (+15.7%), from €66,334 to €76,755
- Other operating charges -€9,390
down €9,390 (-70.5%), from €13,316 to €3,926
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 | €1,983,422 | €1,871,019 | -€112,403 | -5.7% |
| Fixed assets | 21/28 | €1,228,408 | €1,208,165 | -€20,243 | -1.6% |
| Tangible fixed assets | 22/27 | €1,228,408 | €1,208,165 | -€20,243 | -1.6% |
| Land and buildings | 22 | €1,070,205 | €1,032,268 | -€37,937 | -3.5% |
| Furniture and vehicles | 24 | €2,467 | €1,608 | -€859 | -34.8% |
| Other tangible fixed assets | 26 | €155,737 | €174,290 | +€18,553 | +11.9% |
| Current assets | 29/58 | €755,013 | €662,854 | -€92,159 | -12.2% |
| Amounts receivable after more than one year | 29 | €128,435 | €146,526 | +€18,091 | +14.1% |
| Other amounts receivable | 291 | €128,435 | €146,526 | +€18,091 | +14.1% |
| Amounts receivable within one year | 40/41 | €246,376 | €160,536 | -€85,841 | -34.8% |
| Trade receivables | 40 | €226,639 | €66,785 | -€159,855 | -70.5% |
| Other amounts receivable | 41 | €19,737 | €93,751 | +€74,014 | +375% |
| Cash at bank and in hand | 54/58 | €366,852 | €341,946 | -€24,907 | -6.8% |
| Deferred charges and accrued income | 490/1 | €13,350 | €13,847 | +€497 | +3.7% |
| Total equity and liabilities | 10/49 | €1,983,422 | €1,871,019 | -€112,403 | -5.7% |
| Equity | 10/15 | €1,093,615 | €1,116,151 | +€22,536 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €991,274 | €1,013,810 | +€22,536 | +2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €989,414 | €1,011,950 | +€22,536 | +2.3% |
| Profit (loss) carried forward | 14 | €96,141 | €96,141 | = | 0.0% |
| Amounts payable | 17/49 | €889,807 | €754,868 | -€134,939 | -15.2% |
| Amounts payable after more than one year | 17 | €681,678 | €595,211 | -€86,467 | -12.7% |
| Financial debts | 170/4 | €681,678 | €595,211 | -€86,467 | -12.7% |
| Amounts payable within one year | 42/48 | €208,129 | €151,120 | -€57,009 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €28,305 | €58,105 | +€29,800 | +105% |
| Trade debts | 44 | €53,860 | €72,569 | +€18,708 | +34.7% |
| Suppliers | 440/4 | €53,860 | €72,569 | +€18,708 | +34.7% |
| Taxes, remuneration and social security | 45 | €125,964 | €20,447 | -€105,517 | -83.8% |
| Taxes | 450/3 | €125,964 | €20,447 | -€105,517 | -83.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €8,537 | +€8,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,334 | €76,755 | +€10,421 | +15.7% |
| Other operating charges | 640/8 | €13,316 | €3,926 | -€9,390 | -70.5% |
| Gross operating margin | 9900 | €457,683 | €132,756 | -€324,928 | -71.0% |
| Operating profit (loss) | 9901 | €378,033 | €52,074 | -€325,958 | -86.2% |
| Financial income | 75/76B | €3,210 | €2,786 | -€424 | -13.2% |
| Recurring financial income | 75 | €3,210 | €2,786 | -€424 | -13.2% |
| Financial charges | 65/66B | €21,188 | €19,551 | -€1,637 | -7.7% |
| Recurring financial charges | 65 | €21,188 | €19,551 | -€1,637 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €360,055 | €35,309 | -€324,746 | -90.2% |
| Income taxes | 67/77 | €120,867 | €12,774 | -€108,094 | -89.4% |
| Profit (loss) for the period | 9904 | €239,188 | €22,536 | -€216,652 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €239,188 | €22,536 | -€216,652 | -90.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.