BMAdvice: 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.
BMAdvice
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+1,995,514%), from €55 to €1.1m
- Receivables after one year +€45,000
up €45,000 (+42.9%), from €105,000 to €150,000
- Tangible fixed assets -€14,735
down €14,735 (-25.0%), from €58,940 to €44,205
- Debts after one year +€842,857
new in 2025: €842,857
- Reserves +€145,500
up €145,500 (+83.9%), from €173,500 to €319,000
- Short-term financial debts +€107,143
new in 2025: €107,143
- Tax, wage and social debts +€30,729
up €30,729 (+104%), from €29,473 to €60,202
of which Taxes: +€31,545
- Gross operating margin +€97,408
up €97,408 (+84.8%), from €114,852 to €212,260
- Taxes +€28,921
up €28,921 (+129%), from €22,374 to €51,295
- Financial charges +€2,743
up €2,743 (+1,030%), from €266 to €3,009
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.
Derived cash bridge
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 | €205,428 | €1,333,474 | +€1.1m | +549% |
| Fixed assets | 21/28 | €58,995 | €1,141,793 | +€1.1m | +1,835% |
| Tangible fixed assets | 22/27 | €58,940 | €44,205 | -€14,735 | -25.0% |
| Furniture and vehicles | 24 | €58,940 | €44,205 | -€14,735 | -25.0% |
| Financial fixed assets | 28 | €55 | €1,097,588 | +€1.1m | +1,995,514% |
| Current assets | 29/58 | €146,433 | €191,681 | +€45,248 | +30.9% |
| Amounts receivable after more than one year | 29 | €105,000 | €150,000 | +€45,000 | +42.9% |
| Other amounts receivable | 291 | €105,000 | €150,000 | +€45,000 | +42.9% |
| Amounts receivable within one year | 40/41 | €12,133 | €18,224 | +€6,091 | +50.2% |
| Trade receivables | 40 | €12,100 | €18,150 | +€6,050 | +50.0% |
| Other amounts receivable | 41 | €33 | €74 | +€41 | +123% |
| Cash at bank and in hand | 54/58 | €29,300 | €23,457 | -€5,843 | -19.9% |
| Total equity and liabilities | 10/49 | €205,428 | €1,333,474 | +€1.1m | +549% |
| Equity | 10/15 | €174,722 | €320,358 | +€145,636 | +83.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €173,500 | €319,000 | +€145,500 | +83.9% |
| Distributable reserves | 133 | €173,500 | €319,000 | +€145,500 | +83.9% |
| Profit (loss) carried forward | 14 | €222 | €358 | +€136 | +61.5% |
| Amounts payable | 17/49 | €30,706 | €1,013,116 | +€982,410 | +3,199% |
| Amounts payable after more than one year | 17 | - | €842,857 | +€842,857 | |
| Financial debts | 170/4 | - | €842,857 | +€842,857 | |
| Amounts payable within one year | 42/48 | €30,706 | €167,345 | +€136,639 | +445% |
| Financial debts | 43 | - | €107,143 | +€107,143 | |
| Credit institutions | 430/8 | - | €107,143 | +€107,143 | |
| Taxes, remuneration and social security | 45 | €29,473 | €60,202 | +€30,729 | +104% |
| Taxes | 450/3 | €28,657 | €60,202 | +€31,545 | +110% |
| Remuneration and social security | 454/9 | €816 | - | -€816 | |
| Other amounts payable | 47/48 | €1,233 | - | -€1,233 | |
| Accrued charges and deferred income | 492/3 | - | €2,913 | +€2,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,735 | €14,735 | = | 0.0% |
| Other operating charges | 640/8 | €432 | €441 | +€9 | +2.0% |
| Gross operating margin | 9900 | €114,852 | €212,260 | +€97,408 | +84.8% |
| Operating profit (loss) | 9901 | €99,685 | €197,084 | +€97,399 | +97.7% |
| Financial income | 75/76B | €1,947 | €2,856 | +€909 | +46.7% |
| Recurring financial income | 75 | €1,947 | €2,856 | +€909 | +46.7% |
| Financial charges | 65/66B | €266 | €3,009 | +€2,743 | +1,030% |
| Recurring financial charges | 65 | €266 | €3,009 | +€2,743 | +1,030% |
| Profit (loss) for the period before taxes | 9903 | €101,365 | €196,931 | +€95,566 | +94.3% |
| Income taxes | 67/77 | €22,374 | €51,295 | +€28,921 | +129% |
| Profit (loss) for the period | 9904 | €78,992 | €145,636 | +€66,644 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,992 | €145,636 | +€66,644 | +84.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.