BM Projects & 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 Projects & Consulting
Largest movements
- Current investments +€9,600
up €9,600 (+150.0%), from €6,400 to €16,000
- Tangible fixed assets +€9,341
up €9,341 (+137.1%), from €6,812 to €16,154
of which Furniture and vehicles: +€9,390
- Cash -€6,973
down €6,973 (-23.9%), from €29,173 to €22,201
mainly Contributions, distributions and other (-€66,000) and Debts after one year (-€29,015)
- Other debts +€47,738
up €47,738 (+447.4%), from €10,671 to €58,409
- Debts after one year -€29,015
down €29,015 (-37.3%), from €77,828 to €48,813
- Reserves -€6,654
down €6,654 (-4.2%), from €157,320 to €150,666
- Gross operating margin +€15,989
up €15,989 (+22.0%), from €72,532 to €88,520
- Taxes +€4,132
up €4,132 (+23.2%), from €17,821 to €21,952
- Depreciation +€1,707
up €1,707 (+60.9%), from €2,801 to €4,508
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 | €283,436 | €294,884 | +€11,448 | +4.0% |
| Fixed assets | 21/28 | €245,812 | €255,154 | +€9,341 | +3.8% |
| Tangible fixed assets | 22/27 | €6,812 | €16,154 | +€9,341 | +137.1% |
| Land and buildings | 22 | €4,986 | €4,281 | -€705 | -14.1% |
| Plant, machinery and equipment | 23 | €1,549 | €2,206 | +€656 | +42.4% |
| Furniture and vehicles | 24 | €277 | €9,667 | +€9,390 | +3391.5% |
| Financial fixed assets | 28 | €239,000 | €239,000 | = | 0.0% |
| Current assets | 29/58 | €37,624 | €39,730 | +€2,106 | +5.6% |
| Amounts receivable within one year | 40/41 | €704 | €0 | -€704 | -100.0% |
| Other amounts receivable | 41 | €704 | €0 | -€704 | -100.0% |
| Current investments | 50/53 | €6,400 | €16,000 | +€9,600 | +150.0% |
| Cash at bank and in hand | 54/58 | €29,173 | €22,201 | -€6,973 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,346 | €1,530 | +€184 | +13.6% |
| Total equity and liabilities | 10/49 | €283,436 | €294,884 | +€11,448 | +4.0% |
| Equity | 10/15 | €159,820 | €153,166 | -€6,654 | -4.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €157,320 | €150,666 | -€6,654 | -4.2% |
| Distributable reserves | 133 | €157,320 | €150,666 | -€6,654 | -4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,616 | €141,718 | +€18,101 | +14.6% |
| Amounts payable after more than one year | 17 | €77,828 | €48,813 | -€29,015 | -37.3% |
| Financial debts | 170/4 | €77,828 | €48,813 | -€29,015 | -37.3% |
| Amounts payable within one year | 42/48 | €45,789 | €92,905 | +€47,116 | +102.9% |
| Financial debts | 43 | €28,589 | €29,256 | +€667 | +2.3% |
| Credit institutions | 430/8 | €28,573 | €29,015 | +€442 | +1.5% |
| Other loans | 439 | €16 | €242 | +€226 | +1413.2% |
| Trade debts | 44 | €1,588 | €2,504 | +€916 | +57.7% |
| Suppliers | 440/4 | €1,588 | €2,504 | +€916 | +57.7% |
| Taxes, remuneration and social security | 45 | €4,941 | €2,736 | -€2,205 | -44.6% |
| Taxes | 450/3 | €4,941 | €2,736 | -€2,205 | -44.6% |
| Other amounts payable | 47/48 | €10,671 | €58,409 | +€47,738 | +447.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,801 | €4,508 | +€1,707 | +60.9% |
| Other operating charges | 640/8 | €657 | €751 | +€94 | +14.3% |
| Gross operating margin | 9900 | €72,532 | €88,520 | +€15,989 | +22.0% |
| Operating profit (loss) | 9901 | €69,073 | €83,261 | +€14,188 | +20.5% |
| Financial income | 75/76B | €0 | €122 | +€122 | |
| Recurring financial income | 75 | €0 | €122 | +€122 | |
| Financial charges | 65/66B | €2,555 | €2,085 | -€470 | -18.4% |
| Recurring financial charges | 65 | €2,555 | €2,085 | -€470 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €66,518 | €81,299 | +€14,780 | +22.2% |
| Income taxes | 67/77 | €17,821 | €21,952 | +€4,132 | +23.2% |
| Profit (loss) for the period | 9904 | €48,697 | €59,346 | +€10,649 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,697 | €59,346 | +€10,649 | +21.9% |
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.