BM SUPPORT: what changed
Two fiscal 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 SUPPORT
Largest movements
- Cash +€25,701
up €25,701 (+5.7%), from €448,317 to €474,017
mainly Net result for the year (+€55,230) and Depreciation (+€30,603)
- Tangible fixed assets -€24,130
down €24,130 (-13.4%), from €179,961 to €155,831
- Receivables within one year -€20,646
down €20,646 (-51.0%), from €40,474 to €19,828
of which Other amounts receivable: -€20,250
- Deferred charges and accrued income -€10,062
down €10,062 (-61.8%), from €16,294 to €6,232
- Advances received -€87,564
down €87,564 (-28.6%), from €305,864 to €218,300
- Reserves +€55,230
up €55,230 (+16.6%), from €332,418 to €387,649
of which Distributable reserves: +€55,230
- Tax, wage and social debts +€13,910
up €13,910, from €0 to €13,910
- Debts after one year -€12,499
down €12,499 (-11.5%), from €108,483 to €95,985
- Trade debts +€11,612
up €11,612 (+107.8%), from €10,772 to €22,384
- Gross operating margin +€48,233
up €48,233 (+69.3%), from €69,642 to €117,875
- Taxes +€14,876
up €14,876 (+162.0%), from €9,181 to €24,056
- Other operating charges -€2,113
down €2,113 (-20.4%), from €10,376 to €8,263
- Financial income +€1,194
up €1,194 (+127.7%), from €935 to €2,130
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 | €791,678 | €761,808 | -€29,870 | -3.8% |
| Fixed assets | 21/28 | €180,694 | €155,831 | -€24,863 | -13.8% |
| Intangible fixed assets | 21 | €733 | €0 | -€733 | -100.0% |
| Tangible fixed assets | 22/27 | €179,961 | €155,831 | -€24,130 | -13.4% |
| Land and buildings | 22 | €136,936 | €125,237 | -€11,700 | -8.5% |
| Plant, machinery and equipment | 23 | €984 | €3,852 | +€2,867 | +291.3% |
| Furniture and vehicles | 24 | €36,029 | €24,069 | -€11,960 | -33.2% |
| Other tangible fixed assets | 26 | €6,012 | €2,673 | -€3,338 | -55.5% |
| Current assets | 29/58 | €610,984 | €605,978 | -€5,007 | -0.8% |
| Amounts receivable after more than one year | 29 | €105,000 | €105,000 | = | 0.0% |
| Other amounts receivable | 291 | €105,000 | €105,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,474 | €19,828 | -€20,646 | -51.0% |
| Trade receivables | 40 | €16,329 | €15,933 | -€396 | -2.4% |
| Other amounts receivable | 41 | €24,145 | €3,895 | -€20,250 | -83.9% |
| Current investments | 50/53 | €900 | €900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €448,317 | €474,017 | +€25,701 | +5.7% |
| Deferred charges and accrued income | 490/1 | €16,294 | €6,232 | -€10,062 | -61.8% |
| Total equity and liabilities | 10/49 | €791,678 | €761,808 | -€29,870 | -3.8% |
| Equity | 10/15 | €338,618 | €393,849 | +€55,230 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €332,418 | €387,649 | +€55,230 | +16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €330,558 | €385,789 | +€55,230 | +16.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €453,060 | €367,960 | -€85,100 | -18.8% |
| Amounts payable after more than one year | 17 | €108,483 | €95,985 | -€12,499 | -11.5% |
| Financial debts | 170/4 | €108,483 | €95,985 | -€12,499 | -11.5% |
| Amounts payable within one year | 42/48 | €336,578 | €271,975 | -€64,603 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €19,942 | €12,499 | -€7,443 | -37.3% |
| Trade debts | 44 | €10,772 | €22,384 | +€11,612 | +107.8% |
| Suppliers | 440/4 | €10,772 | €22,384 | +€11,612 | +107.8% |
| Advances received on contracts in progress | 46 | €305,864 | €218,300 | -€87,564 | -28.6% |
| Taxes, remuneration and social security | 45 | €0 | €13,910 | +€13,910 | |
| Taxes | 450/3 | €0 | €13,910 | +€13,910 | |
| Other amounts payable | 47/48 | €0 | €4,883 | +€4,883 | |
| Accrued charges and deferred income | 492/3 | €7,998 | €0 | -€7,998 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,023 | €30,603 | -€420 | -1.4% |
| Other operating charges | 640/8 | €10,376 | €8,263 | -€2,113 | -20.4% |
| Gross operating margin | 9900 | €69,642 | €117,875 | +€48,233 | +69.3% |
| Operating profit (loss) | 9901 | €28,243 | €79,009 | +€50,766 | +179.7% |
| Financial income | 75/76B | €935 | €2,130 | +€1,194 | +127.7% |
| Recurring financial income | 75 | €935 | €2,130 | +€1,194 | +127.7% |
| Financial charges | 65/66B | €2,966 | €1,852 | -€1,114 | -37.6% |
| Recurring financial charges | 65 | €2,966 | €1,852 | -€1,114 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €26,212 | €79,286 | +€53,074 | +202.5% |
| Income taxes | 67/77 | €9,181 | €24,056 | +€14,876 | +162.0% |
| Profit (loss) for the period | 9904 | €17,031 | €55,230 | +€38,199 | +224.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,031 | €55,230 | +€38,199 | +224.3% |
Source: filed annual accounts (NBB), fiscal 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.