BM Partners Consulting: 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 Consulting
Largest movements
- Receivables after one year +€416,402
up €416,402 (+626%), from €66,518 to €482,920
- Cash -€310,405
down €310,405 (-91.4%), from €339,628 to €29,223
mainly Receivables after one year (-€416,402) and Trade debts (-€41,577)
- Receivables within one year -€48,279
down €48,279 (-47.5%), from €101,589 to €53,310
- Deferred charges and accrued income -€7,525
no longer reported in 2025 (was €7,525)
- Profit (loss) carried forward +€90,039
up €90,039 (+32.5%), from €277,087 to €367,126
- Trade debts -€41,577
down €41,577 (-55.4%), from €75,070 to €33,493
- Tax, wage and social debts +€10,743
up €10,743 (+12.0%), from €89,791 to €100,534
- Gross operating margin -€29,779
down €29,779 (-19.6%), from €152,141 to €122,361
- Taxes +€14,923
up €14,923 (+68.8%), from €21,681 to €36,605
- Financial income +€4,104
up €4,104 (+112%), from €3,657 to €7,761
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 | €517,086 | €566,899 | +€49,813 | +9.6% |
| Fixed assets | 21/28 | €1,825 | €1,446 | -€379 | -20.8% |
| Tangible fixed assets | 22/27 | €1,784 | €1,404 | -€379 | -21.3% |
| Furniture and vehicles | 24 | €1,784 | €1,404 | -€379 | -21.3% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €515,260 | €565,453 | +€50,193 | +9.7% |
| Amounts receivable after more than one year | 29 | €66,518 | €482,920 | +€416,402 | +626% |
| Other amounts receivable | 291 | €66,518 | €482,920 | +€416,402 | +626% |
| Amounts receivable within one year | 40/41 | €101,589 | €53,310 | -€48,279 | -47.5% |
| Trade receivables | 40 | €101,589 | €53,310 | -€48,279 | -47.5% |
| Cash at bank and in hand | 54/58 | €339,628 | €29,223 | -€310,405 | -91.4% |
| Deferred charges and accrued income | 490/1 | €7,525 | - | -€7,525 | |
| Total equity and liabilities | 10/49 | €517,086 | €566,899 | +€49,813 | +9.6% |
| Equity | 10/15 | €297,547 | €387,586 | +€90,039 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,087 | €367,126 | +€90,039 | +32.5% |
| Amounts payable | 17/49 | €219,539 | €179,313 | -€40,226 | -18.3% |
| Amounts payable after more than one year | 17 | €6,137 | €889 | -€5,248 | -85.5% |
| Other amounts payable | 178/9 | €6,137 | €889 | -€5,248 | -85.5% |
| Amounts payable within one year | 42/48 | €212,801 | €177,824 | -€34,978 | -16.4% |
| Financial debts | 43 | €663 | €597 | -€66 | -10.0% |
| Credit institutions | 430/8 | €663 | €597 | -€66 | -10.0% |
| Trade debts | 44 | €75,070 | €33,493 | -€41,577 | -55.4% |
| Suppliers | 440/4 | €75,070 | €33,493 | -€41,577 | -55.4% |
| Advances received on contracts in progress | 46 | €877 | - | -€877 | |
| Taxes, remuneration and social security | 45 | €89,791 | €100,534 | +€10,743 | +12.0% |
| Taxes | 450/3 | €89,791 | €100,534 | +€10,743 | +12.0% |
| Other amounts payable | 47/48 | €46,400 | €43,200 | -€3,200 | -6.9% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,092 | €1,005 | -€87 | -8.0% |
| Other operating charges | 640/8 | €223 | €803 | +€580 | +260% |
| Non-recurring operating charges | 66A | €850 | - | -€850 | |
| Gross operating margin | 9900 | €152,141 | €122,361 | -€29,779 | -19.6% |
| Operating profit (loss) | 9901 | €149,975 | €120,553 | -€29,423 | -19.6% |
| Financial income | 75/76B | €3,657 | €7,761 | +€4,104 | +112% |
| Recurring financial income | 75 | €3,657 | €7,761 | +€4,104 | +112% |
| Financial charges | 65/66B | €513 | €1,671 | +€1,158 | +226% |
| Recurring financial charges | 65 | €513 | €1,671 | +€1,158 | +226% |
| Profit (loss) for the period before taxes | 9903 | €153,120 | €126,643 | -€26,477 | -17.3% |
| Income taxes | 67/77 | €21,681 | €36,605 | +€14,923 | +68.8% |
| Profit (loss) for the period | 9904 | €131,439 | €90,039 | -€41,400 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €131,439 | €90,039 | -€41,400 | -31.5% |
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 23 October 2026 via checked.be.