BM Partners: 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 Partners
Largest movements
- Receivables within one year +€16,360
up €16,360 (+339%), from €4,830 to €21,190
of which Trade receivables: +€19,391
- Cash +€2,936
up €2,936 (+20.6%), from €14,282 to €17,218
mainly Trade debts (+€43,560) and Tax, wage and social debts (+€357)
- Trade debts +€43,560
up €43,560 (+282%), from €15,451 to €59,012
- Profit (loss) carried forward -€14,560
down €14,560 (-32.6%), from -€44,628 to -€59,188
- Other debts -€10,289
down €10,289 (-11.8%), from €86,864 to €76,576
- Gross operating margin +€18,177
up €18,177 (+57.5%), from -€31,620 to -€13,443
- Other operating charges +€711
up €711 (+453%), from €157 to €869
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 | €78,716 | €97,785 | +€19,069 | +24.2% |
| Fixed assets | 21/28 | €681 | €454 | -€227 | -33.3% |
| Tangible fixed assets | 22/27 | €681 | €454 | -€227 | -33.3% |
| Plant, machinery and equipment | 23 | €681 | €454 | -€227 | -33.3% |
| Current assets | 29/58 | €78,035 | €97,330 | +€19,296 | +24.7% |
| Stocks and contracts in progress | 3 | €58,922 | €58,922 | = | 0.0% |
| Stocks | 30/36 | €58,922 | €58,922 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,830 | €21,190 | +€16,360 | +339% |
| Trade receivables | 40 | €17 | €19,408 | +€19,391 | +113,133% |
| Other amounts receivable | 41 | €4,813 | €1,782 | -€3,031 | -63.0% |
| Cash at bank and in hand | 54/58 | €14,282 | €17,218 | +€2,936 | +20.6% |
| Total equity and liabilities | 10/49 | €78,716 | €97,785 | +€19,069 | +24.2% |
| Equity | 10/15 | -€31,028 | -€45,588 | -€14,560 | -46.9% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,628 | -€59,188 | -€14,560 | -32.6% |
| Amounts payable | 17/49 | €109,744 | €143,373 | +€33,629 | +30.6% |
| Amounts payable within one year | 42/48 | €109,744 | €143,373 | +€33,629 | +30.6% |
| Trade debts | 44 | €15,451 | €59,012 | +€43,560 | +282% |
| Suppliers | 440/4 | €15,451 | €59,012 | +€43,560 | +282% |
| Taxes, remuneration and social security | 45 | €7,428 | €7,785 | +€357 | +4.8% |
| Taxes | 450/3 | €7,428 | €7,785 | +€357 | +4.8% |
| Other amounts payable | 47/48 | €86,864 | €76,576 | -€10,289 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €227 | +€227 | |
| Other operating charges | 640/8 | €157 | €869 | +€711 | +453% |
| Gross operating margin | 9900 | -€31,620 | -€13,443 | +€18,177 | +57.5% |
| Operating profit (loss) | 9901 | -€31,777 | -€14,538 | +€17,238 | +54.2% |
| Financial charges | 65/66B | €46 | €22 | -€24 | -52.4% |
| Recurring financial charges | 65 | €46 | €22 | -€24 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,822 | -€14,560 | +€17,262 | +54.2% |
| Profit (loss) for the period | 9904 | -€31,822 | -€14,560 | +€17,262 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,822 | -€14,560 | +€17,262 | +54.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.