BMAK: 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.
BMAK
Largest movements
- Stocks and contracts -€1,985
no longer reported in 2025 (was €1,985)
- Tangible fixed assets -€275
down €275 (-42.3%), from €651 to €376
- Receivables within one year +€154
up €154 (+445.6%), from €35 to €189
of which Other amounts receivable: +€189
- Profit (loss) carried forward -€5,064
down €5,064 (-68.0%), from -€7,444 to -€12,508
- Trade debts +€1,568
new in 2025: €1,568
- Other debts +€1,344
up €1,344 (+34.3%), from €3,925 to €5,269
- Short-term financial debts +€373
new in 2025: €373
- Tax, wage and social debts -€304
down €304 (-5.8%), from €5,253 to €4,949
of which Remuneration and social security: -€1,800
- Gross operating margin +€1,676
up €1,676 (+28.0%), from -€5,978 to -€4,302
- Depreciation -€1,050
down €1,050 (-79.2%), from €1,325 to €275
- Financial charges +€359
up €359 (+284.6%), from €126 to €486
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 | €2,734 | €652 | -€2,082 | -76.2% |
| Fixed assets | 21/28 | €651 | €376 | -€275 | -42.3% |
| Tangible fixed assets | 22/27 | €651 | €376 | -€275 | -42.3% |
| Furniture and vehicles | 24 | €651 | €376 | -€275 | -42.3% |
| Current assets | 29/58 | €2,082 | €276 | -€1,807 | -86.8% |
| Stocks and contracts in progress | 3 | €1,985 | - | -€1,985 | |
| Stocks | 30/36 | €1,985 | - | -€1,985 | |
| Amounts receivable within one year | 40/41 | €35 | €189 | +€154 | +445.6% |
| Trade receivables | 40 | €35 | - | -€35 | |
| Other amounts receivable | 41 | - | €189 | +€189 | |
| Cash at bank and in hand | 54/58 | €62 | €87 | +€24 | +38.9% |
| Total equity and liabilities | 10/49 | €2,734 | €652 | -€2,082 | -76.2% |
| Equity | 10/15 | -€6,444 | -€11,508 | -€5,064 | -78.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,444 | -€12,508 | -€5,064 | -68.0% |
| Amounts payable | 17/49 | €9,178 | €12,159 | +€2,981 | +32.5% |
| Amounts payable within one year | 42/48 | €9,178 | €12,159 | +€2,981 | +32.5% |
| Financial debts | 43 | - | €373 | +€373 | |
| Credit institutions | 430/8 | - | €373 | +€373 | |
| Trade debts | 44 | - | €1,568 | +€1,568 | |
| Suppliers | 440/4 | - | €1,568 | +€1,568 | |
| Taxes, remuneration and social security | 45 | €5,253 | €4,949 | -€304 | -5.8% |
| Taxes | 450/3 | €453 | €1,949 | +€1,496 | +330.2% |
| Remuneration and social security | 454/9 | €4,800 | €3,000 | -€1,800 | -37.5% |
| Other amounts payable | 47/48 | €3,925 | €5,269 | +€1,344 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €275 | -€1,050 | -79.2% |
| Other operating charges | 640/8 | €15 | - | -€15 | |
| Gross operating margin | 9900 | -€5,978 | -€4,302 | +€1,676 | +28.0% |
| Operating profit (loss) | 9901 | -€7,318 | -€4,578 | +€2,740 | +37.4% |
| Financial charges | 65/66B | €126 | €486 | +€359 | +284.6% |
| Recurring financial charges | 65 | €126 | €486 | +€359 | +284.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,444 | -€5,064 | +€2,381 | +32.0% |
| Profit (loss) for the period | 9904 | -€7,444 | -€5,064 | +€2,381 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,444 | -€5,064 | +€2,381 | +32.0% |
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.