BMAAK: 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.
BMAAK
Largest movements
- Receivables within one year +€19,292
up €19,292 (+334.9%), from €5,760 to €25,052
of which Trade receivables: +€18,659
- Cash -€7,753
down €7,753 (-23.2%), from €33,483 to €25,730
mainly Receivables within one year (-€19,292) and Contributions, distributions and other (-€16,384)
- Tangible fixed assets -€3,325
down €3,325 (-9.7%), from €34,325 to €31,000
of which Other tangible fixed assets: -€2,386
- Other debts +€11,231
up €11,231 (+29.7%), from €37,772 to €49,003
- Tax, wage and social debts -€4,492
down €4,492 (-39.6%), from €11,349 to €6,856
- Trade debts +€2,068
up €2,068 (+26.3%), from €7,851 to €9,919
- Gross operating margin -€5,321
down €5,321 (-15.6%), from €34,221 to €28,899
- Depreciation +€648
up €648 (+12.0%), from €5,403 to €6,051
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 | €75,932 | €84,738 | +€8,806 | +11.6% |
| Fixed assets | 21/28 | €36,688 | €33,363 | -€3,325 | -9.1% |
| Tangible fixed assets | 22/27 | €34,325 | €31,000 | -€3,325 | -9.7% |
| Furniture and vehicles | 24 | €5,135 | €4,197 | -€939 | -18.3% |
| Other tangible fixed assets | 26 | €29,190 | €26,804 | -€2,386 | -8.2% |
| Financial fixed assets | 28 | €2,363 | €2,363 | = | 0.0% |
| Current assets | 29/58 | €39,243 | €51,374 | +€12,131 | +30.9% |
| Amounts receivable within one year | 40/41 | €5,760 | €25,052 | +€19,292 | +334.9% |
| Trade receivables | 40 | €5,000 | €23,659 | +€18,659 | +373.2% |
| Other amounts receivable | 41 | €760 | €1,394 | +€633 | +83.3% |
| Cash at bank and in hand | 54/58 | €33,483 | €25,730 | -€7,753 | -23.2% |
| Deferred charges and accrued income | 490/1 | - | €592 | +€592 | |
| Total equity and liabilities | 10/49 | €75,932 | €84,738 | +€8,806 | +11.6% |
| Equity | 10/15 | €18,960 | €18,960 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €360 | €360 | = | 0.0% |
| Tax-exempt reserves | 132 | €360 | €360 | = | 0.0% |
| Amounts payable | 17/49 | €56,972 | €65,778 | +€8,806 | +15.5% |
| Amounts payable within one year | 42/48 | €56,972 | €65,778 | +€8,806 | +15.5% |
| Trade debts | 44 | €7,851 | €9,919 | +€2,068 | +26.3% |
| Suppliers | 440/4 | €7,851 | €9,919 | +€2,068 | +26.3% |
| Taxes, remuneration and social security | 45 | €11,349 | €6,856 | -€4,492 | -39.6% |
| Taxes | 450/3 | €11,349 | €6,856 | -€4,492 | -39.6% |
| Other amounts payable | 47/48 | €37,772 | €49,003 | +€11,231 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €6,051 | +€648 | +12.0% |
| Other operating charges | 640/8 | €394 | €407 | +€13 | +3.4% |
| Gross operating margin | 9900 | €34,221 | €28,899 | -€5,321 | -15.6% |
| Operating profit (loss) | 9901 | €28,423 | €22,441 | -€5,982 | -21.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,333 | €1,458 | +€126 | +9.4% |
| Recurring financial charges | 65 | €1,333 | €1,458 | +€126 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €27,090 | €20,983 | -€6,108 | -22.5% |
| Income taxes | 67/77 | €4,558 | €4,599 | +€40 | +0.9% |
| Profit (loss) for the period | 9904 | €22,532 | €16,384 | -€6,148 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,532 | €16,384 | -€6,148 | -27.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.