BMA Group: 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.
BMA Group
Largest movements
- Cash -€196,116
down €196,116 (-74.2%), from €264,406 to €68,290
mainly Receivables within one year (-€136,446) and Tax, wage and social debts (-€102,790)
- Receivables within one year +€136,446
up €136,446 (+94.0%), from €145,114 to €281,561
of which Other amounts receivable: +€226,511
- Tangible fixed assets -€89,072
down €89,072 (-13.3%), from €670,146 to €581,074
- Current investments +€36,000
up €36,000 (+120.0%), from €30,000 to €66,000
- Stocks and contracts -€34,566
down €34,566 (-13.1%), from €263,009 to €228,443
- Tax, wage and social debts -€102,790
down €102,790 (-90.7%), from €113,352 to €10,561
- Debts after one year -€46,358
down €46,358 (-9.9%), from €470,599 to €424,241
- Trade debts -€23,193
down €23,193 (-63.5%), from €36,497 to €13,304
- Gross operating margin -€224,275
down €224,275 (-56.8%), from €394,515 to €170,240
- Taxes -€52,981
down €52,981 (-91.1%), from €58,159 to €5,179
- Depreciation -€48,300
down €48,300 (-34.0%), from €141,909 to €93,609
- Staff costs +€32,808
new in 2025: €32,808
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 | €1,391,384 | €1,239,233 | -€152,151 | -10.9% |
| Fixed assets | 21/28 | €670,146 | €581,074 | -€89,072 | -13.3% |
| Tangible fixed assets | 22/27 | €670,146 | €581,074 | -€89,072 | -13.3% |
| Land and buildings | 22 | €469,495 | €442,440 | -€27,055 | -5.8% |
| Plant, machinery and equipment | 23 | €39,924 | €29,445 | -€10,478 | -26.2% |
| Furniture and vehicles | 24 | €108,606 | €65,757 | -€42,849 | -39.5% |
| Other tangible fixed assets | 26 | €52,121 | €43,432 | -€8,689 | -16.7% |
| Current assets | 29/58 | €721,238 | €658,159 | -€63,079 | -8.7% |
| Stocks and contracts in progress | 3 | €263,009 | €228,443 | -€34,566 | -13.1% |
| Stocks | 30/36 | €263,009 | €228,443 | -€34,566 | -13.1% |
| Amounts receivable within one year | 40/41 | €145,114 | €281,561 | +€136,446 | +94.0% |
| Trade receivables | 40 | €135,293 | €45,228 | -€90,065 | -66.6% |
| Other amounts receivable | 41 | €9,821 | €236,333 | +€226,511 | +2306.3% |
| Current investments | 50/53 | €30,000 | €66,000 | +€36,000 | +120.0% |
| Cash at bank and in hand | 54/58 | €264,406 | €68,290 | -€196,116 | -74.2% |
| Deferred charges and accrued income | 490/1 | €18,709 | €13,865 | -€4,844 | -25.9% |
| Total equity and liabilities | 10/49 | €1,391,384 | €1,239,233 | -€152,151 | -10.9% |
| Equity | 10/15 | €694,366 | €702,262 | +€7,896 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €675,766 | €683,662 | +€7,896 | +1.2% |
| 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 | €673,906 | €681,802 | +€7,896 | +1.2% |
| Amounts payable | 17/49 | €697,018 | €536,970 | -€160,048 | -23.0% |
| Amounts payable after more than one year | 17 | €470,599 | €424,241 | -€46,358 | -9.9% |
| Financial debts | 170/4 | €470,599 | €424,241 | -€46,358 | -9.9% |
| Amounts payable within one year | 42/48 | €226,418 | €99,131 | -€127,288 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €76,570 | €75,266 | -€1,305 | -1.7% |
| Trade debts | 44 | €36,497 | €13,304 | -€23,193 | -63.5% |
| Suppliers | 440/4 | €36,497 | €13,304 | -€23,193 | -63.5% |
| Taxes, remuneration and social security | 45 | €113,352 | €10,561 | -€102,790 | -90.7% |
| Taxes | 450/3 | €113,352 | €10,561 | -€102,790 | -90.7% |
| Accrued charges and deferred income | 492/3 | - | €13,598 | +€13,598 | |
| Remuneration, social security and pensions | 62 | - | €32,808 | +€32,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,909 | €93,609 | -€48,300 | -34.0% |
| Other operating charges | 640/8 | €4,006 | €3,818 | -€188 | -4.7% |
| Gross operating margin | 9900 | €394,515 | €170,240 | -€224,275 | -56.8% |
| Operating profit (loss) | 9901 | €248,600 | €40,005 | -€208,595 | -83.9% |
| Financial income | 75/76B | €226 | €0 | -€226 | -100.0% |
| Recurring financial income | 75 | €226 | €0 | -€226 | -100.0% |
| Financial charges | 65/66B | €29,265 | €26,930 | -€2,335 | -8.0% |
| Recurring financial charges | 65 | €29,265 | €26,930 | -€2,335 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €219,560 | €13,075 | -€206,485 | -94.0% |
| Income taxes | 67/77 | €58,159 | €5,179 | -€52,981 | -91.1% |
| Profit (loss) for the period | 9904 | €161,401 | €7,896 | -€153,505 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,401 | €7,896 | -€153,505 | -95.1% |
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 11 October 2026 via checked.be.