BM Partners: 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 Partners
Largest movements
- Cash +€55,716
up €55,716 (+188.2%), from €29,608 to €85,324
mainly Tax, wage and social debts (+€13,669) and Trade debts (+€11,434)
- Tangible fixed assets -€18,460
down €18,460 (-64.9%), from €28,424 to €9,964
- Receivables within one year -€9,593
down €9,593 (-45.0%), from €21,328 to €11,735
of which Other amounts receivable: -€9,263
- Tax, wage and social debts +€13,669
up €13,669 (+144.7%), from €9,444 to €23,113
of which Remuneration and social security: +€12,317
- Debts after one year -€11,975
down €11,975 (-100.0%), from €11,975 to €0
- Trade debts +€11,434
up €11,434 (+34.9%), from €32,725 to €44,158
- Accrued charges and deferred income +€11,279
up €11,279 (+21492.0%), from €52 to €11,332
- Profit (loss) carried forward +€4,581
up €4,581 (+11.0%), from €41,603 to €46,184
- Gross operating margin +€62,714
up €62,714 (+149.1%), from €42,074 to €104,788
- Staff costs +€48,950
up €48,950 (+161.7%), from €30,275 to €79,225
- Depreciation -€8,584
down €8,584 (-43.0%), from €19,961 to €11,377
- Financial income -€5,661
down €5,661 (-99.8%), from €5,672 to €11
- Financial charges +€4,128
up €4,128 (+241.5%), from €1,709 to €5,837
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 | €129,827 | €158,539 | +€28,712 | +22.1% |
| Fixed assets | 21/28 | €28,424 | €9,964 | -€18,460 | -64.9% |
| Tangible fixed assets | 22/27 | €28,424 | €9,964 | -€18,460 | -64.9% |
| Furniture and vehicles | 24 | €28,424 | €9,964 | -€18,460 | -64.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €101,402 | €148,575 | +€47,173 | +46.5% |
| Stocks and contracts in progress | 3 | €46,152 | €47,585 | +€1,432 | +3.1% |
| Stocks | 30/36 | €46,152 | €47,585 | +€1,432 | +3.1% |
| Amounts receivable within one year | 40/41 | €21,328 | €11,735 | -€9,593 | -45.0% |
| Trade receivables | 40 | €10,803 | €10,473 | -€330 | -3.1% |
| Other amounts receivable | 41 | €10,525 | €1,262 | -€9,263 | -88.0% |
| Cash at bank and in hand | 54/58 | €29,608 | €85,324 | +€55,716 | +188.2% |
| Deferred charges and accrued income | 490/1 | €4,315 | €3,931 | -€383 | -8.9% |
| Total equity and liabilities | 10/49 | €129,827 | €158,539 | +€28,712 | +22.1% |
| Equity | 10/15 | €62,063 | €66,644 | +€4,581 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,603 | €46,184 | +€4,581 | +11.0% |
| Amounts payable | 17/49 | €67,764 | €91,895 | +€24,132 | +35.6% |
| Amounts payable after more than one year | 17 | €11,975 | €0 | -€11,975 | -100.0% |
| Financial debts | 170/4 | €11,975 | €0 | -€11,975 | -100.0% |
| Amounts payable within one year | 42/48 | €55,736 | €80,564 | +€24,828 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €12,728 | €13,225 | +€497 | +3.9% |
| Trade debts | 44 | €32,725 | €44,158 | +€11,434 | +34.9% |
| Suppliers | 440/4 | €32,725 | €44,158 | +€11,434 | +34.9% |
| Taxes, remuneration and social security | 45 | €9,444 | €23,113 | +€13,669 | +144.7% |
| Taxes | 450/3 | €2,732 | €4,084 | +€1,352 | +49.5% |
| Remuneration and social security | 454/9 | €6,712 | €19,029 | +€12,317 | +183.5% |
| Other amounts payable | 47/48 | €839 | €67 | -€772 | -92.0% |
| Accrued charges and deferred income | 492/3 | €52 | €11,332 | +€11,279 | +21492.0% |
| Non-recurring operating income | 76A | - | €13,279 | +€13,279 | |
| Remuneration, social security and pensions | 62 | €30,275 | €79,225 | +€48,950 | +161.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,961 | €11,377 | -€8,584 | -43.0% |
| Other operating charges | 640/8 | €2,016 | €2,444 | +€428 | +21.2% |
| Gross operating margin | 9900 | €42,074 | €104,788 | +€62,714 | +149.1% |
| Operating profit (loss) | 9901 | -€10,179 | €11,741 | +€21,920 | |
| Financial income | 75/76B | €5,672 | €11 | -€5,661 | -99.8% |
| Recurring financial income | 75 | €5,672 | €11 | -€5,661 | -99.8% |
| Financial charges | 65/66B | €1,709 | €5,837 | +€4,128 | +241.5% |
| Recurring financial charges | 65 | €1,709 | €5,837 | +€4,128 | +241.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,217 | €5,915 | +€12,132 | |
| Income taxes | 67/77 | €2,635 | €1,335 | -€1,300 | -49.3% |
| Profit (loss) for the period | 9904 | -€8,851 | €4,581 | +€13,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,851 | €4,581 | +€13,432 |
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 5 October 2026 via checked.be.