BM Team: 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 Team
Largest movements
- Tangible fixed assets +€14,143
up €14,143 (+567.4%), from €2,493 to €16,636
of which Furniture and vehicles: +€14,618
- Cash -€2,701
down €2,701 (-94.7%), from €2,853 to €152
mainly Investment in fixed assets (net) (-€16,336) and Tax, wage and social debts (-€1,161)
- Other debts +€12,648
up €12,648 (+137.1%), from €9,223 to €21,871
- Tax, wage and social debts -€1,161
no longer reported in 2025 (was €1,161)
- Profit (loss) carried forward -€246
down €246 (-9.7%), from -€2,534 to -€2,780
- Gross operating margin -€3,286
down €3,286 (-54.1%), from €6,071 to €2,786
- Depreciation +€872
up €872 (+61.1%), from €1,426 to €2,298
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 | €9,428 | €20,648 | +€11,219 | +119.0% |
| Fixed assets | 21/28 | €2,597 | €16,636 | +€14,038 | +540.5% |
| Intangible fixed assets | 21 | €105 | €0 | -€105 | -100.0% |
| Tangible fixed assets | 22/27 | €2,493 | €16,636 | +€14,143 | +567.4% |
| Plant, machinery and equipment | 23 | €839 | €365 | -€475 | -56.6% |
| Furniture and vehicles | 24 | €1,653 | €16,271 | +€14,618 | +884.1% |
| Current assets | 29/58 | €6,831 | €4,012 | -€2,819 | -41.3% |
| Stocks and contracts in progress | 3 | €3,779 | €3,705 | -€75 | -2.0% |
| Stocks | 30/36 | €3,779 | €3,705 | -€75 | -2.0% |
| Amounts receivable within one year | 40/41 | - | €4 | +€4 | |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €2,853 | €152 | -€2,701 | -94.7% |
| Deferred charges and accrued income | 490/1 | €199 | €152 | -€47 | -23.6% |
| Total equity and liabilities | 10/49 | €9,428 | €20,648 | +€11,219 | +119.0% |
| Equity | 10/15 | -€1,034 | -€1,280 | -€246 | -23.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,534 | -€2,780 | -€246 | -9.7% |
| Amounts payable | 17/49 | €10,463 | €21,927 | +€11,465 | +109.6% |
| Amounts payable within one year | 42/48 | €10,463 | €21,927 | +€11,465 | +109.6% |
| Trade debts | 44 | €79 | €56 | -€23 | -28.6% |
| Suppliers | 440/4 | €79 | €56 | -€23 | -28.6% |
| Taxes, remuneration and social security | 45 | €1,161 | - | -€1,161 | |
| Taxes | 450/3 | €1,161 | - | -€1,161 | |
| Other amounts payable | 47/48 | €9,223 | €21,871 | +€12,648 | +137.1% |
| Non-recurring operating income | 76A | - | €2,686 | +€2,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €2,298 | +€872 | +61.1% |
| Other operating charges | 640/8 | €576 | €528 | -€49 | -8.5% |
| Non-recurring operating charges | 66A | - | €65 | +€65 | |
| Gross operating margin | 9900 | €6,071 | €2,786 | -€3,286 | -54.1% |
| Operating profit (loss) | 9901 | €4,069 | -€105 | -€4,173 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €142 | €141 | -€1 | -0.4% |
| Recurring financial charges | 65 | €142 | €141 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €3,929 | -€246 | -€4,175 | |
| Profit (loss) for the period | 9904 | €3,929 | -€246 | -€4,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,929 | -€246 | -€4,175 |
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 7 October 2026 via checked.be.