BMC: 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.
BMC
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€103,689
up €103,689 (+248%), from €41,741 to €145,429
- Reserves -€75,266
down €75,266 (-18.7%), from €403,470 to €328,204
- Current portion of long-term debt -€45,000
no longer reported in 2025 (was €45,000)
- Gross operating margin +€9,654
up €9,654 (+14.2%), from €67,952 to €77,605
- Financial charges +€5,249
up €5,249 (+230%), from €2,286 to €7,535
- Depreciation -€2,909
down €2,909 (-75.7%), from €3,841 to €932
- Taxes +€1,683
up €1,683 (+8.3%), from €20,241 to €21,924
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 | €2,082,054 | €2,084,953 | +€2,899 | +0.1% |
| Fixed assets | 21/28 | €2,057,809 | €2,056,877 | -€932 | 0.0% |
| Tangible fixed assets | 22/27 | €2,525 | €1,593 | -€932 | -36.9% |
| Plant, machinery and equipment | 23 | €1,136 | €640 | -€496 | -43.7% |
| Furniture and vehicles | 24 | €1,389 | €953 | -€436 | -31.4% |
| Financial fixed assets | 28 | €2,055,284 | €2,055,284 | = | 0.0% |
| Current assets | 29/58 | €24,244 | €28,076 | +€3,832 | +15.8% |
| Amounts receivable within one year | 40/41 | €16,847 | €8,989 | -€7,858 | -46.6% |
| Trade receivables | 40 | €15,326 | €5,913 | -€9,412 | -61.4% |
| Other amounts receivable | 41 | €1,521 | €3,076 | +€1,554 | +102% |
| Cash at bank and in hand | 54/58 | €970 | €13,758 | +€12,787 | +1,318% |
| Deferred charges and accrued income | 490/1 | €6,427 | €5,329 | -€1,098 | -17.1% |
| Total equity and liabilities | 10/49 | €2,082,054 | €2,084,953 | +€2,899 | +0.1% |
| Equity | 10/15 | €1,980,602 | €1,905,336 | -€75,266 | -3.8% |
| Contributions | 10/11 | €1,577,132 | €1,577,132 | = | 0.0% |
| Reserves | 13 | €403,470 | €328,204 | -€75,266 | -18.7% |
| Distributable reserves | 133 | €403,470 | €328,204 | -€75,266 | -18.7% |
| Amounts payable | 17/49 | €101,452 | €179,617 | +€78,166 | +77.0% |
| Amounts payable within one year | 42/48 | €101,452 | €179,617 | +€78,166 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | - | -€45,000 | |
| Trade debts | 44 | €7,627 | €26,454 | +€18,827 | +247% |
| Suppliers | 440/4 | €7,627 | €26,454 | +€18,827 | +247% |
| Taxes, remuneration and social security | 45 | €7,083 | €7,734 | +€651 | +9.2% |
| Taxes | 450/3 | €7,083 | €7,734 | +€651 | +9.2% |
| Other amounts payable | 47/48 | €41,741 | €145,429 | +€103,689 | +248% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,841 | €932 | -€2,909 | -75.7% |
| Other operating charges | 640/8 | €2,627 | €3,150 | +€523 | +19.9% |
| Gross operating margin | 9900 | €67,952 | €77,605 | +€9,654 | +14.2% |
| Operating profit (loss) | 9901 | €61,483 | €73,523 | +€12,040 | +19.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,286 | €7,535 | +€5,249 | +230% |
| Recurring financial charges | 65 | €2,286 | €7,535 | +€5,249 | +230% |
| Profit (loss) for the period before taxes | 9903 | €59,197 | €65,988 | +€6,791 | +11.5% |
| Income taxes | 67/77 | €20,241 | €21,924 | +€1,683 | +8.3% |
| Profit (loss) for the period | 9904 | €38,956 | €44,064 | +€5,107 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,956 | €44,064 | +€5,107 | +13.1% |
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 20 October 2026 via checked.be.