BM-Management: what changed
Two fiscal 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
- Receivables within one year -€23,451
down €23,451 (-33.0%), from €71,129 to €47,678
of which Trade receivables: -€25,220
- Tangible fixed assets -€3,525
down €3,525 (-26.6%), from €13,250 to €9,725
of which Plant, machinery and equipment: -€1,789
- Cash +€2,342
up €2,342 (+1128.6%), from €208 to €2,550
mainly Receivables within one year (+€23,451) and Depreciation (+€3,525)
- Profit (loss) carried forward -€12,941
down €12,941 (-38.0%), from €34,060 to €21,119
- Other debts -€7,669
down €7,669 (-69.1%), from €11,100 to €3,431
- Tax, wage and social debts -€3,517
down €3,517 (-56.1%), from €6,268 to €2,751
of which Taxes: -€3,517
- Gross operating margin -€21,533
down €21,533, from €14,805 to -€6,728
- Financial charges -€1,833
down €1,833 (-51.4%), from €3,562 to €1,730
- Staff costs -€1,734
no longer reported in 2025 (was €1,734)
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.
Cash bridge derived
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 | €84,587 | €60,018 | -€24,569 | -29.0% |
| Fixed assets | 21/28 | €13,250 | €9,725 | -€3,525 | -26.6% |
| Tangible fixed assets | 22/27 | €13,250 | €9,725 | -€3,525 | -26.6% |
| Plant, machinery and equipment | 23 | €10,762 | €8,973 | -€1,789 | -16.6% |
| Furniture and vehicles | 24 | €2,488 | €752 | -€1,736 | -69.8% |
| Current assets | 29/58 | €71,337 | €50,293 | -€21,044 | -29.5% |
| Amounts receivable within one year | 40/41 | €71,129 | €47,678 | -€23,451 | -33.0% |
| Trade receivables | 40 | €52,854 | €27,634 | -€25,220 | -47.7% |
| Other amounts receivable | 41 | €18,275 | €20,044 | +€1,769 | +9.7% |
| Cash at bank and in hand | 54/58 | €208 | €2,550 | +€2,342 | +1128.6% |
| Deferred charges and accrued income | 490/1 | €0 | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €84,587 | €60,018 | -€24,569 | -29.0% |
| Equity | 10/15 | €39,060 | €26,119 | -€12,941 | -33.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,060 | €21,119 | -€12,941 | -38.0% |
| Amounts payable | 17/49 | €45,527 | €33,899 | -€11,628 | -25.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,958 | €33,899 | -€11,059 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €20,600 | €20,555 | -€46 | -0.2% |
| Trade debts | 44 | €6,990 | €7,163 | +€173 | +2.5% |
| Suppliers | 440/4 | €6,990 | €7,163 | +€173 | +2.5% |
| Taxes, remuneration and social security | 45 | €6,268 | €2,751 | -€3,517 | -56.1% |
| Taxes | 450/3 | €6,268 | €2,751 | -€3,517 | -56.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €11,100 | €3,431 | -€7,669 | -69.1% |
| Accrued charges and deferred income | 492/3 | €569 | €0 | -€569 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,734 | - | -€1,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,581 | €3,525 | -€56 | -1.6% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | - | €68 | +€68 | |
| Gross operating margin | 9900 | €14,805 | -€6,728 | -€21,533 | |
| Operating profit (loss) | 9901 | €8,816 | -€11,016 | -€19,832 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €3,562 | €1,730 | -€1,833 | -51.4% |
| Recurring financial charges | 65 | €3,562 | €1,730 | -€1,833 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €5,254 | -€12,732 | -€17,985 | |
| Income taxes | 67/77 | €200 | €210 | +€10 | +4.8% |
| Profit (loss) for the period | 9904 | €5,054 | -€12,941 | -€17,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,054 | -€12,941 | -€17,995 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.