BMACO: 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.
BMACO
Largest movements
- Cash +€24,404
up €24,404 (+49.6%), from €49,226 to €73,631
mainly Net result for the year (+€18,170) and Tax, wage and social debts (+€6,482)
- Reserves +€18,170
up €18,170 (+42.8%), from €42,483 to €60,653
- Tax, wage and social debts +€6,482
up €6,482 (+66.4%), from €9,758 to €16,240
- Gross operating margin -€2,245
down €2,245 (-8.3%), from €27,108 to €24,863
- Financial income +€777
up €777 (+940.9%), from €83 to €860
- Taxes -€383
down €383 (-5.3%), from €7,275 to €6,892
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 | €61,410 | €86,122 | +€24,711 | +40.2% |
| Formation expenses | 20 | €1,714 | €1,173 | -€541 | -31.6% |
| Fixed assets | 21/28 | €117 | €117 | = | 0.0% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €59,579 | €84,832 | +€25,252 | +42.4% |
| Amounts receivable within one year | 40/41 | €10,353 | €11,103 | +€750 | +7.2% |
| Trade receivables | 40 | €10,353 | €11,103 | +€750 | +7.2% |
| Cash at bank and in hand | 54/58 | €49,226 | €73,631 | +€24,404 | +49.6% |
| Deferred charges and accrued income | 490/1 | - | €98 | +€98 | |
| Total equity and liabilities | 10/49 | €61,410 | €86,122 | +€24,711 | +40.2% |
| Equity | 10/15 | €47,483 | €65,653 | +€18,170 | +38.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,483 | €60,653 | +€18,170 | +42.8% |
| Distributable reserves | 133 | €42,483 | €60,653 | +€18,170 | +42.8% |
| Amounts payable | 17/49 | €13,927 | €20,469 | +€6,542 | +47.0% |
| Amounts payable within one year | 42/48 | €12,427 | €18,569 | +€6,142 | +49.4% |
| Trade debts | 44 | €1,741 | €1,401 | -€340 | -19.5% |
| Suppliers | 440/4 | €1,741 | €1,401 | -€340 | -19.5% |
| Taxes, remuneration and social security | 45 | €9,758 | €16,240 | +€6,482 | +66.4% |
| Taxes | 450/3 | €9,758 | €16,240 | +€6,482 | +66.4% |
| Other amounts payable | 47/48 | €928 | €928 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,900 | +€400 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541 | €541 | = | 0.0% |
| Other operating charges | 640/8 | - | €25 | +€25 | |
| Gross operating margin | 9900 | €27,108 | €24,863 | -€2,245 | -8.3% |
| Operating profit (loss) | 9901 | €26,567 | €24,298 | -€2,270 | -8.5% |
| Financial income | 75/76B | €83 | €860 | +€777 | +940.9% |
| Recurring financial income | 75 | €83 | €860 | +€777 | +940.9% |
| Financial charges | 65/66B | €88 | €96 | +€8 | +9.1% |
| Recurring financial charges | 65 | €88 | €96 | +€8 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €26,562 | €25,062 | -€1,501 | -5.6% |
| Income taxes | 67/77 | €7,275 | €6,892 | -€383 | -5.3% |
| Profit (loss) for the period | 9904 | €19,287 | €18,170 | -€1,117 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,287 | €18,170 | -€1,117 | -5.8% |
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.