BMB Projects: 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.
What changed
BMB Projects
NACE 61.100, Wired, wireless and satellite telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · -€394,349+€1.4m
Equity
€377,846
2024 · -€900,093+€1.3m
Cash
€6,689
2024 · €2,693+€3,996
Balance sheet total
€4.7m
2024 · €1.0m+€3.6m
Largest movements
Assets
- Tangible fixed assets +€3.7m
up €3.7m (+373.9%), from €982,084 to €4.7m
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+407.9%), from €588,467 to €3.0m
- Reserves +€1.6m
up €1.6m (+1479.4%), from €107,605 to €1.7m
of which Tax-exempt reserves: +€1.6m
- Short-term financial debts -€571,237
down €571,237 (-50.5%), from €1.1m to €560,500
- Profit (loss) carried forward -€563,996
down €563,996 (-52.7%), from -€1.1m to -€1.6m
- Provisions +€530,645
up €530,645 (+1569.1%), from €33,818 to €564,463
Income statement
- Gross operating margin +€1.7m
up €1.7m, from -€62,814 to €1.7m
- Depreciation -€250,916
down €250,916 (-75.1%), from €334,256 to €83,340
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.
Result 2024
-€394,349
Gross operating margin
+€1.7m
Depreciation
+€250,916
Other operating charges
-€2,586
Financial income
+€2,596
Financial charges
+€2,297
Taxes
-€2
Deferred taxes and other
-€547,554
Result 2025
€1.0m
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.
From operations
+€1.6m
Investment
-€3.8m
Financing
+€2.1m
Cash 2024
€2,693
From operations (derived)
+€1.6m
Net result for the year
+€1.0m
Depreciation
+€83,340
Receivables within one year
+€28,092
Provisions
+€530,645
Trade debts
-€24,556
Tax, wage and social debts
-€1,374
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€2.1m
Debts after one year
+€2.4m
Current portion of long-term debt
+€36,140
Short-term financial debts
-€571,237
Contributions, distributions and other
+€250,000
Cash 2025
€6,689
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,012,869 | €4,660,949 | +€3.6m | +360.2% |
| Fixed assets | 21/28 | €982,084 | €4,654,260 | +€3.7m | +373.9% |
| Tangible fixed assets | 22/27 | €982,084 | €4,654,260 | +€3.7m | +373.9% |
| Land and buildings | 22 | €982,084 | €4,654,260 | +€3.7m | +373.9% |
| Current assets | 29/58 | €30,785 | €6,689 | -€24,096 | -78.3% |
| Amounts receivable within one year | 40/41 | €28,092 | €0 | -€28,092 | -100.0% |
| Other amounts receivable | 41 | €28,092 | €0 | -€28,092 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,693 | €6,689 | +€3,996 | +148.4% |
| Total equity and liabilities | 10/49 | €1,012,869 | €4,660,949 | +€3.6m | +360.2% |
| Equity | 10/15 | -€900,093 | €377,846 | +€1.3m | |
| Contributions | 10/11 | €61,500 | €311,500 | +€250,000 | +406.5% |
| Capital | 10 | €61,500 | €311,500 | +€250,000 | +406.5% |
| Issued capital | 100 | €61,500 | €311,500 | +€250,000 | +406.5% |
| Reserves | 13 | €107,605 | €1,699,540 | +€1.6m | +1479.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,455 | €1,693,390 | +€1.6m | +1569.1% |
| Profit (loss) carried forward | 14 | -€1,069,197 | -€1,633,194 | -€563,996 | -52.7% |
| Provisions and deferred taxes | 16 | €33,818 | €564,463 | +€530,645 | +1569.1% |
| Deferred taxes | 168 | €33,818 | €564,463 | +€530,645 | +1569.1% |
| Amounts payable | 17/49 | €1,879,144 | €3,718,640 | +€1.8m | +97.9% |
| Amounts payable after more than one year | 17 | €588,467 | €2,988,991 | +€2.4m | +407.9% |
| Financial debts | 170/4 | €588,467 | €2,988,991 | +€2.4m | +407.9% |
| Amounts payable within one year | 42/48 | €1,290,677 | €729,650 | -€561,028 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €124,870 | €161,009 | +€36,140 | +28.9% |
| Financial debts | 43 | €1,131,737 | €560,500 | -€571,237 | -50.5% |
| Other loans | 439 | €1,131,737 | €560,500 | -€571,237 | -50.5% |
| Trade debts | 44 | €32,696 | €8,140 | -€24,556 | -75.1% |
| Suppliers | 440/4 | €32,696 | €8,140 | -€24,556 | -75.1% |
| Taxes, remuneration and social security | 45 | €1,374 | €0 | -€1,374 | -100.0% |
| Taxes | 450/3 | €1,374 | €0 | -€1,374 | -100.0% |
| Non-recurring operating income | 76A | - | €1,817,916 | +€1.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,256 | €83,340 | -€250,916 | -75.1% |
| Other operating charges | 640/8 | - | €2,586 | +€2,586 | |
| Gross operating margin | 9900 | -€62,814 | €1,653,806 | +€1.7m | |
| Operating profit (loss) | 9901 | -€397,070 | €1,567,880 | +€2.0m | |
| Financial income | 75/76B | - | €2,596 | +€2,596 | |
| Recurring financial income | 75 | - | €2,596 | +€2,596 | |
| Financial charges | 65/66B | €14,188 | €11,891 | -€2,297 | -16.2% |
| Recurring financial charges | 65 | €14,188 | €11,891 | -€2,297 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€411,258 | €1,558,585 | +€2.0m | |
| Transfer from deferred taxes | 780 | €16,909 | €33,818 | +€16,909 | +100.0% |
| Transfer to deferred taxes | 680 | - | €564,463 | +€564,463 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€394,349 | €1,027,938 | +€1.4m | |
| Transfer from tax-exempt reserves | 789 | €50,728 | €101,455 | +€50,726 | +100.0% |
| Transfer to tax-exempt reserves | 689 | - | €1,693,390 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€343,620 | -€563,996 | -€220,376 | -64.1% |
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 29 September 2026 via checked.be.