BM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€252,620
up €252,620 (+129%), from €196,102 to €448,722
mainly Net result for the year (+€291,348) and Depreciation (+€8,148)
- Receivables within one year +€17,467
up €17,467 (+5.5%), from €319,255 to €336,722
of which Trade receivables: +€18,150
- Reserves +€291,348
up €291,348 (+31.9%), from €912,580 to €1.2m
- Gross operating margin -€41,828
down €41,828 (-69.8%), from €59,955 to €18,128
- Depreciation -€13,122
down €13,122 (-61.7%), from €21,269 to €8,148
- Taxes -€6,817
down €6,817 (-76.6%), from €8,895 to €2,078
- Financial charges +€4,992
up €4,992 (+58.7%), from €8,508 to €13,500
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,131,452 | €1,410,858 | +€279,406 | +24.7% |
| Fixed assets | 21/28 | €588,408 | €600,162 | +€11,754 | +2.0% |
| Tangible fixed assets | 22/27 | €289,208 | €300,962 | +€11,754 | +4.1% |
| Land and buildings | 22 | €289,208 | €300,962 | +€11,754 | +4.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €299,200 | €299,200 | = | 0.0% |
| Current assets | 29/58 | €543,044 | €810,696 | +€267,652 | +49.3% |
| Amounts receivable within one year | 40/41 | €319,255 | €336,722 | +€17,467 | +5.5% |
| Trade receivables | 40 | €318,150 | €336,300 | +€18,150 | +5.7% |
| Other amounts receivable | 41 | €1,105 | €422 | -€683 | -61.8% |
| Cash at bank and in hand | 54/58 | €196,102 | €448,722 | +€252,620 | +129% |
| Deferred charges and accrued income | 490/1 | €27,687 | €25,252 | -€2,435 | -8.8% |
| Total equity and liabilities | 10/49 | €1,131,452 | €1,410,858 | +€279,406 | +24.7% |
| Equity | 10/15 | €931,180 | €1,222,528 | +€291,348 | +31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €912,580 | €1,203,928 | +€291,348 | +31.9% |
| Distributable reserves | 133 | €912,580 | €1,203,928 | +€291,348 | +31.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €200,272 | €188,330 | -€11,942 | -6.0% |
| Amounts payable within one year | 42/48 | €200,272 | €188,330 | -€11,942 | -6.0% |
| Financial debts | 43 | €11,824 | €0 | -€11,824 | -100% |
| Credit institutions | 430/8 | €11,824 | €0 | -€11,824 | -100% |
| Trade debts | 44 | €1,585 | €1,216 | -€368 | -23.3% |
| Suppliers | 440/4 | €1,585 | €1,216 | -€368 | -23.3% |
| Taxes, remuneration and social security | 45 | €14,239 | €14,612 | +€372 | +2.6% |
| Taxes | 450/3 | €14,239 | €14,612 | +€372 | +2.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €172,624 | €172,502 | -€121 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,269 | €8,148 | -€13,122 | -61.7% |
| Other operating charges | 640/8 | €3,047 | €3,054 | +€8 | +0.2% |
| Gross operating margin | 9900 | €59,955 | €18,128 | -€41,828 | -69.8% |
| Operating profit (loss) | 9901 | €35,640 | €6,926 | -€28,713 | -80.6% |
| Financial income | 75/76B | €300,000 | €300,000 | = | 0.0% |
| Recurring financial income | 75 | €300,000 | €300,000 | = | 0.0% |
| Financial charges | 65/66B | €8,508 | €13,500 | +€4,992 | +58.7% |
| Recurring financial charges | 65 | €8,508 | €13,500 | +€4,992 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €327,131 | €293,426 | -€33,705 | -10.3% |
| Income taxes | 67/77 | €8,895 | €2,078 | -€6,817 | -76.6% |
| Profit (loss) for the period | 9904 | €318,236 | €291,348 | -€26,888 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €318,236 | €291,348 | -€26,888 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.