BMA2: 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.
BMA2
Largest movements
- Intangible fixed assets -€28,000
down €28,000 (-24.6%), from €113,913 to €85,913
- Cash +€4,486
up €4,486 (+93.8%), from €4,785 to €9,270
mainly Depreciation (+€28,569) and Receivables within one year (+€4,192)
- Receivables within one year -€4,192
down €4,192 (-48.6%), from €8,629 to €4,437
- Deferred charges and accrued income -€1,700
no longer reported in 2025 (was €1,700)
- Other debts -€15,919
down €15,919 (-33.1%), from €48,163 to €32,243
- Debts after one year -€15,734
down €15,734 (-28.0%), from €56,247 to €40,513
- Profit (loss) carried forward -€2,958
down €2,958, from €1,478 to -€1,480
- Tax, wage and social debts +€1,487
up €1,487 (+32.7%), from €4,546 to €6,033
- Gross operating margin -€2,870
down €2,870 (-9.1%), from €31,587 to €28,717
- Depreciation +€1,960
up €1,960 (+7.4%), from €26,609 to €28,569
- Taxes -€1,204
down €1,204 (-87.2%), from €1,380 to €176
- Financial charges +€720
up €720 (+42.8%), from €1,681 to €2,401
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 | €130,607 | €100,631 | -€29,976 | -23.0% |
| Fixed assets | 21/28 | €115,493 | €86,924 | -€28,569 | -24.7% |
| Intangible fixed assets | 21 | €113,913 | €85,913 | -€28,000 | -24.6% |
| Tangible fixed assets | 22/27 | €1,525 | €956 | -€569 | -37.3% |
| Furniture and vehicles | 24 | €1,525 | €956 | -€569 | -37.3% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €15,114 | €13,707 | -€1,406 | -9.3% |
| Amounts receivable within one year | 40/41 | €8,629 | €4,437 | -€4,192 | -48.6% |
| Trade receivables | 40 | €8,629 | €4,437 | -€4,192 | -48.6% |
| Cash at bank and in hand | 54/58 | €4,785 | €9,270 | +€4,486 | +93.8% |
| Deferred charges and accrued income | 490/1 | €1,700 | - | -€1,700 | |
| Total equity and liabilities | 10/49 | €130,607 | €100,631 | -€29,976 | -23.0% |
| Equity | 10/15 | €4,478 | €1,520 | -€2,958 | -66.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,478 | -€1,480 | -€2,958 | |
| Amounts payable | 17/49 | €126,129 | €99,111 | -€27,018 | -21.4% |
| Amounts payable after more than one year | 17 | €56,247 | €40,513 | -€15,734 | -28.0% |
| Financial debts | 170/4 | €56,247 | €40,513 | -€15,734 | -28.0% |
| Amounts payable within one year | 42/48 | €68,411 | €56,679 | -€11,732 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €15,163 | €15,734 | +€571 | +3.8% |
| Trade debts | 44 | €539 | €1,383 | +€844 | +156.7% |
| Suppliers | 440/4 | €539 | €1,383 | +€844 | +156.7% |
| Advances received on contracts in progress | 46 | - | €1,286 | +€1,286 | |
| Taxes, remuneration and social security | 45 | €4,546 | €6,033 | +€1,487 | +32.7% |
| Taxes | 450/3 | €4,546 | €6,033 | +€1,487 | +32.7% |
| Other amounts payable | 47/48 | €48,163 | €32,243 | -€15,919 | -33.1% |
| Accrued charges and deferred income | 492/3 | €1,472 | €1,920 | +€448 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,609 | €28,569 | +€1,960 | +7.4% |
| Other operating charges | 640/8 | €438 | €528 | +€90 | +20.4% |
| Gross operating margin | 9900 | €31,587 | €28,717 | -€2,870 | -9.1% |
| Operating profit (loss) | 9901 | €4,539 | -€381 | -€4,920 | |
| Financial charges | 65/66B | €1,681 | €2,401 | +€720 | +42.8% |
| Recurring financial charges | 65 | €1,681 | €2,401 | +€720 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €2,858 | -€2,782 | -€5,640 | |
| Income taxes | 67/77 | €1,380 | €176 | -€1,204 | -87.2% |
| Profit (loss) for the period | 9904 | €1,478 | -€2,958 | -€4,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,478 | -€2,958 | -€4,435 |
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 6 October 2026 via checked.be.