BMAX-IT: what changed
What changed
BMAX-IT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€66,112
2025 · €37,826+€28,286
Equity
€2.3m
2025 · €2.2m+€64,446
Cash
€50,883
2025 · €15,553+€35,330
Balance sheet total
€4.3m
2025 · €4.3m+€12,931
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€95,000
down €95,000 (-5.5%), from €1.7m to €1.6m
of which Financial debts: -€95,000
- Reserves +€65,000
up €65,000 (+9.3%), from €701,260 to €766,260
Income statement
- Gross operating margin +€22,239
up €22,239 (+10.8%), from €205,803 to €228,042
- Taxes +€12,227
up €12,227 (+75.7%), from €16,144 to €28,372
- Financial charges -€10,451
down €10,451 (-7.6%), from €136,629 to €126,178
- Depreciation -€7,323
down €7,323 (-57.5%), from €12,734 to €5,411
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€37,826
Gross operating margin
+€22,239
Depreciation
+€7,323
Other operating charges
+€502
Financial income
-€1
Financial charges
+€10,451
Taxes
-€12,227
Result 2026
€66,112
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€131,996
Investment
€0
Financing
-€96,666
Cash 2025
€15,553
From operations (derived)
+€131,996
Net result for the year
+€66,112
Depreciation
+€5,411
Receivables within one year
+€16,343
Deferred charges and accrued income
+€645
Trade debts
-€482
Tax, wage and social debts
+€35,071
Other debts
+€10,750
Accrued charges and deferred income
-€1,854
Financing
-€96,666
Debts after one year
-€95,000
Contributions, distributions and other
-€1,666
Cash 2026
€50,883
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,295,344 | €4,308,274 | +€12,931 | +0.3% |
| Fixed assets | 21/28 | €4,201,510 | €4,196,099 | -€5,411 | -0.1% |
| Tangible fixed assets | 22/27 | €139,874 | €134,463 | -€5,411 | -3.9% |
| Land and buildings | 22 | €136,586 | €132,041 | -€4,545 | -3.3% |
| Plant, machinery and equipment | 23 | €2,445 | €1,889 | -€556 | -22.7% |
| Furniture and vehicles | 24 | €172 | €86 | -€86 | -50.0% |
| Other tangible fixed assets | 26 | €671 | €448 | -€224 | -33.3% |
| Financial fixed assets | 28 | €4,061,636 | €4,061,636 | = | 0.0% |
| Current assets | 29/58 | €93,834 | €112,175 | +€18,342 | +19.5% |
| Amounts receivable within one year | 40/41 | €74,895 | €58,552 | -€16,343 | -21.8% |
| Trade receivables | 40 | €74,895 | €58,552 | -€16,343 | -21.8% |
| Cash at bank and in hand | 54/58 | €15,553 | €50,883 | +€35,330 | +227% |
| Deferred charges and accrued income | 490/1 | €3,386 | €2,741 | -€645 | -19.1% |
| Total equity and liabilities | 10/49 | €4,295,344 | €4,308,274 | +€12,931 | +0.3% |
| Equity | 10/15 | €2,210,825 | €2,275,271 | +€64,446 | +2.9% |
| Contributions | 10/11 | €1,509,000 | €1,509,000 | = | 0.0% |
| Reserves | 13 | €701,260 | €766,260 | +€65,000 | +9.3% |
| Distributable reserves | 133 | €701,260 | €766,260 | +€65,000 | +9.3% |
| Profit (loss) carried forward | 14 | €565 | €11 | -€554 | -98.1% |
| Amounts payable | 17/49 | €2,084,518 | €2,033,004 | -€51,515 | -2.5% |
| Amounts payable after more than one year | 17 | €1,729,050 | €1,634,050 | -€95,000 | -5.5% |
| Financial debts | 170/4 | €190,000 | €95,000 | -€95,000 | -50.0% |
| Other amounts payable | 178/9 | €1,539,050 | €1,539,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €352,181 | €397,521 | +€45,340 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €95,000 | €95,000 | = | 0.0% |
| Trade debts | 44 | €1,052 | €570 | -€482 | -45.8% |
| Suppliers | 440/4 | €1,052 | €570 | -€482 | -45.8% |
| Taxes, remuneration and social security | 45 | €26,094 | €61,165 | +€35,071 | +134% |
| Taxes | 450/3 | €26,094 | €61,165 | +€35,071 | +134% |
| Other amounts payable | 47/48 | €230,035 | €240,786 | +€10,750 | +4.7% |
| Accrued charges and deferred income | 492/3 | €3,287 | €1,433 | -€1,854 | -56.4% |
| Non-recurring operating income | 76A | - | €6,335 | +€6,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,734 | €5,411 | -€7,323 | -57.5% |
| Other operating charges | 640/8 | €2,472 | €1,970 | -€502 | -20.3% |
| Gross operating margin | 9900 | €205,803 | €228,042 | +€22,239 | +10.8% |
| Operating profit (loss) | 9901 | €190,598 | €220,662 | +€30,064 | +15.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.8% |
| Financial charges | 65/66B | €136,629 | €126,178 | -€10,451 | -7.6% |
| Recurring financial charges | 65 | €136,629 | €126,178 | -€10,451 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €53,970 | €94,483 | +€40,513 | +75.1% |
| Income taxes | 67/77 | €16,144 | €28,372 | +€12,227 | +75.7% |
| Profit (loss) for the period | 9904 | €37,826 | €66,112 | +€28,286 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,826 | €66,112 | +€28,286 | +74.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.