BM Real Estate: what changed
What changed
BM Real Estate
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€1,949
2024 · €934+€1,015
Equity
€42,163
2024 · €40,214+€1,949
Cash
€3,288
2024 · €9,312-€6,024
Balance sheet total
€1.1m
2024 · €639,435+€462,666
Largest movements
Assets
- Receivables within one year +€227,311
up €227,311 (+32,636%), from €697 to €228,008
of which Other amounts receivable: +€227,668
- Financial fixed assets +€207,500
new in 2025: €207,500
- Stocks and contracts +€55,220
up €55,220 (+110%), from €50,000 to €105,220
- Tangible fixed assets -€20,806
down €20,806 (-3.6%), from €578,892 to €558,086
Equity and liabilities
- Debts after one year +€591,942
up €591,942 (+159%), from €372,345 to €964,287
of which Financial debts: +€591,942
- Short-term financial debts -€224,000
down €224,000 (-100%), from €224,000 to €0
- Other debts +€70,000
up €70,000, from €0 to €70,000
- Current portion of long-term debt +€11,301
new in 2025: €11,301
Income statement
- Other operating charges +€4,407
up €4,407 (+1,356%), from €325 to €4,732
- Gross operating margin +€3,639
up €3,639 (+11.7%), from €31,042 to €34,681
- Financial charges -€2,292
down €2,292 (-26.5%), from €8,652 to €6,360
- Depreciation +€377
up €377 (+1.8%), from €20,429 to €20,806
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€934
Gross operating margin
+€3,639
Depreciation
-€377
Other operating charges
-€4,407
Financial charges
+€2,292
Taxes
-€131
Result 2025
€1,949
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€177,767
Investment
-€207,500
Financing
+€379,243
Cash 2024
€9,312
From operations (derived)
-€177,767
Net result for the year
+€1,949
Depreciation
+€20,806
Stocks and contracts
-€55,220
Receivables within one year
-€227,311
Deferred charges and accrued income
+€534
Trade debts
+€2,944
Tax, wage and social debts
-€2,043
Other debts
+€70,000
Accrued charges and deferred income
+€10,573
Investment (derived)
-€207,500
Investment in fixed assets (net)
-€207,500
Financing
+€379,243
Debts after one year
+€591,942
Current portion of long-term debt
+€11,301
Short-term financial debts
-€224,000
Cash 2025
€3,288
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,435 | €1,102,101 | +€462,666 | +72.4% |
| Fixed assets | 21/28 | €578,892 | €765,586 | +€186,694 | +32.3% |
| Tangible fixed assets | 22/27 | €578,892 | €558,086 | -€20,806 | -3.6% |
| Land and buildings | 22 | €578,892 | €558,086 | -€20,806 | -3.6% |
| Financial fixed assets | 28 | - | €207,500 | +€207,500 | |
| Current assets | 29/58 | €60,543 | €336,516 | +€275,973 | +456% |
| Stocks and contracts in progress | 3 | €50,000 | €105,220 | +€55,220 | +110% |
| Contracts in progress | 37 | €50,000 | €105,220 | +€55,220 | +110% |
| Amounts receivable within one year | 40/41 | €697 | €228,008 | +€227,311 | +32,636% |
| Trade receivables | 40 | €697 | €340 | -€356 | -51.2% |
| Other amounts receivable | 41 | €0 | €227,668 | +€227,668 | |
| Cash at bank and in hand | 54/58 | €9,312 | €3,288 | -€6,024 | -64.7% |
| Deferred charges and accrued income | 490/1 | €534 | €0 | -€534 | -100% |
| Total equity and liabilities | 10/49 | €639,435 | €1,102,101 | +€462,666 | +72.4% |
| Equity | 10/15 | €40,214 | €42,163 | +€1,949 | +4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,214 | €32,163 | +€1,949 | +6.4% |
| Distributable reserves | 133 | €30,214 | €32,163 | +€1,949 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €599,221 | €1,059,938 | +€460,717 | +76.9% |
| Amounts payable after more than one year | 17 | €372,345 | €964,287 | +€591,942 | +159% |
| Financial debts | 170/4 | €367,400 | €959,342 | +€591,942 | +161% |
| Other amounts payable | 178/9 | €4,945 | €4,945 | = | 0.0% |
| Amounts payable within one year | 42/48 | €226,876 | €85,078 | -€141,798 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,301 | +€11,301 | |
| Financial debts | 43 | €224,000 | €0 | -€224,000 | -100% |
| Credit institutions | 430/8 | €224,000 | €0 | -€224,000 | -100% |
| Trade debts | 44 | €0 | €2,944 | +€2,944 | |
| Suppliers | 440/4 | €0 | €2,944 | +€2,944 | |
| Taxes, remuneration and social security | 45 | €2,876 | €833 | -€2,043 | -71.0% |
| Taxes | 450/3 | €2,876 | €833 | -€2,043 | -71.0% |
| Other amounts payable | 47/48 | €0 | €70,000 | +€70,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €10,573 | +€10,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,429 | €20,806 | +€377 | +1.8% |
| Other operating charges | 640/8 | €325 | €4,732 | +€4,407 | +1,356% |
| Gross operating margin | 9900 | €31,042 | €34,681 | +€3,639 | +11.7% |
| Operating profit (loss) | 9901 | €10,288 | €9,142 | -€1,145 | -11.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,652 | €6,360 | -€2,292 | -26.5% |
| Recurring financial charges | 65 | €8,652 | €6,360 | -€2,292 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €1,636 | €2,782 | +€1,146 | +70.1% |
| Income taxes | 67/77 | €702 | €833 | +€131 | +18.7% |
| Profit (loss) for the period | 9904 | €934 | €1,949 | +€1,015 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €934 | €1,949 | +€1,015 | +109% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.