BM-Projecten: 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-Projecten
Largest movements
- Receivables within one year +€72,406
up €72,406 (+59.4%), from €121,892 to €194,299
of which Other amounts receivable: +€39,433
- Deferred charges and accrued income +€15,246
up €15,246 (+542.9%), from €2,808 to €18,054
- Tangible fixed assets -€11,816
down €11,816 (-24.0%), from €49,156 to €37,340
of which Plant, machinery and equipment: -€18,703
- Trade debts +€74,975
up €74,975 (+5811.7%), from €1,290 to €76,266
- Profit (loss) carried forward -€46,262
down €46,262 (-29.5%), from €156,799 to €110,537
- Other debts +€34,290
new in 2025: €34,290
- Debts after one year +€5,486
new in 2025: €5,486
- Current portion of long-term debt +€3,953
new in 2025: €3,953
- Staff costs +€71,356
new in 2025: €71,356
- Gross operating margin +€61,733
up €61,733 (+75.4%), from €81,883 to €143,616
- Depreciation -€8,511
down €8,511 (-24.4%), from €34,938 to €26,427
- Taxes +€2,734
up €2,734 (+25.4%), from €10,761 to €13,495
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 | €182,113 | €255,482 | +€73,369 | +40.3% |
| Fixed assets | 21/28 | €49,156 | €37,340 | -€11,816 | -24.0% |
| Tangible fixed assets | 22/27 | €49,156 | €37,340 | -€11,816 | -24.0% |
| Land and buildings | 22 | €1,020 | - | -€1,020 | |
| Plant, machinery and equipment | 23 | €44,566 | €25,864 | -€18,703 | -42.0% |
| Furniture and vehicles | 24 | €3,569 | €11,477 | +€7,907 | +221.5% |
| Current assets | 29/58 | €132,957 | €218,142 | +€85,185 | +64.1% |
| Amounts receivable within one year | 40/41 | €121,892 | €194,299 | +€72,406 | +59.4% |
| Trade receivables | 40 | €276 | €33,249 | +€32,973 | +11935.9% |
| Other amounts receivable | 41 | €121,616 | €161,049 | +€39,433 | +32.4% |
| Cash at bank and in hand | 54/58 | €8,257 | €5,789 | -€2,468 | -29.9% |
| Deferred charges and accrued income | 490/1 | €2,808 | €18,054 | +€15,246 | +542.9% |
| Total equity and liabilities | 10/49 | €182,113 | €255,482 | +€73,369 | +40.3% |
| Equity | 10/15 | €177,259 | €130,997 | -€46,262 | -26.1% |
| 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 | €156,799 | €110,537 | -€46,262 | -29.5% |
| Amounts payable | 17/49 | €4,853 | €124,485 | +€119,631 | +2465.0% |
| Amounts payable after more than one year | 17 | - | €5,486 | +€5,486 | |
| Financial debts | 170/4 | - | €5,486 | +€5,486 | |
| Amounts payable within one year | 42/48 | €4,853 | €118,999 | +€114,146 | +2352.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,953 | +€3,953 | |
| Trade debts | 44 | €1,290 | €76,266 | +€74,975 | +5811.7% |
| Suppliers | 440/4 | €1,290 | €76,266 | +€74,975 | +5811.7% |
| Taxes, remuneration and social security | 45 | €3,563 | €4,490 | +€927 | +26.0% |
| Taxes | 450/3 | €3,563 | €4,490 | +€927 | +26.0% |
| Other amounts payable | 47/48 | - | €34,290 | +€34,290 | |
| Remuneration, social security and pensions | 62 | - | €71,356 | +€71,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,938 | €26,427 | -€8,511 | -24.4% |
| Other operating charges | 640/8 | €2,098 | €2,771 | +€673 | +32.1% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €81,883 | €143,616 | +€61,733 | +75.4% |
| Operating profit (loss) | 9901 | €44,598 | €43,062 | -€1,536 | -3.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €433 | €835 | +€402 | +92.9% |
| Recurring financial charges | 65 | €433 | €835 | +€402 | +92.9% |
| Profit (loss) for the period before taxes | 9903 | €44,165 | €42,233 | -€1,932 | -4.4% |
| Income taxes | 67/77 | €10,761 | €13,495 | +€2,734 | +25.4% |
| Profit (loss) for the period | 9904 | €33,404 | €28,738 | -€4,666 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,404 | €28,738 | -€4,666 | -14.0% |
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 9 October 2026 via checked.be.