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
- Stocks and contracts -€10,295
down €10,295 (-21.6%), from €47,711 to €37,416
- Cash -€7,412
down €7,412 (-63.7%), from €11,645 to €4,233
mainly Net result for the year (-€18,251) and Trade debts (-€3,309)
- Tangible fixed assets -€4,538
down €4,538 (-20.8%), from €21,830 to €17,291
- Profit (loss) carried forward -€18,251
down €18,251 (-50.3%), from -€36,283 to -€54,534
- Trade debts -€3,309
down €3,309 (-55.7%), from €5,945 to €2,636
- Gross operating margin +€8,009
up €8,009, from -€4,341 to €3,667
- Other operating charges +€1,131
up €1,131 (+159%), from €709 to €1,840
- Depreciation -€720
down €720 (-10.9%), from €6,580 to €5,860
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 | €114,225 | €92,108 | -€22,116 | -19.4% |
| Fixed assets | 21/28 | €22,414 | €17,876 | -€4,538 | -20.2% |
| Tangible fixed assets | 22/27 | €21,830 | €17,291 | -€4,538 | -20.8% |
| Plant, machinery and equipment | 23 | €8,961 | €7,275 | -€1,686 | -18.8% |
| Furniture and vehicles | 24 | €4,570 | €2,357 | -€2,212 | -48.4% |
| Other tangible fixed assets | 26 | €8,299 | €7,659 | -€640 | -7.7% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €91,810 | €74,233 | -€17,578 | -19.1% |
| Stocks and contracts in progress | 3 | €47,711 | €37,416 | -€10,295 | -21.6% |
| Stocks | 30/36 | €47,711 | €37,416 | -€10,295 | -21.6% |
| Amounts receivable within one year | 40/41 | €32,455 | €32,584 | +€129 | +0.4% |
| Trade receivables | 40 | €13,736 | €10,615 | -€3,121 | -22.7% |
| Other amounts receivable | 41 | €18,719 | €21,969 | +€3,250 | +17.4% |
| Cash at bank and in hand | 54/58 | €11,645 | €4,233 | -€7,412 | -63.7% |
| Total equity and liabilities | 10/49 | €114,225 | €92,108 | -€22,116 | -19.4% |
| Equity | 10/15 | €37,664 | €19,414 | -€18,251 | -48.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,548 | €61,548 | = | 0.0% |
| Distributable reserves | 133 | €61,548 | €61,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,283 | -€54,534 | -€18,251 | -50.3% |
| Amounts payable | 17/49 | €76,560 | €72,694 | -€3,866 | -5.0% |
| Amounts payable after more than one year | 17 | €52,500 | €52,500 | = | 0.0% |
| Financial debts | 170/4 | €52,500 | €52,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,002 | €2,937 | -€4,065 | -58.1% |
| Trade debts | 44 | €5,945 | €2,636 | -€3,309 | -55.7% |
| Suppliers | 440/4 | €5,945 | €2,636 | -€3,309 | -55.7% |
| Advances received on contracts in progress | 46 | €160 | €160 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €897 | €141 | -€756 | -84.3% |
| Taxes | 450/3 | €897 | €141 | -€756 | -84.3% |
| Accrued charges and deferred income | 492/3 | €17,058 | €17,258 | +€200 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,580 | €5,860 | -€720 | -10.9% |
| Other operating charges | 640/8 | €709 | €1,840 | +€1,131 | +159% |
| Non-recurring operating charges | 66A | €2,052 | €14,025 | +€11,973 | +583% |
| Gross operating margin | 9900 | -€4,341 | €3,667 | +€8,009 | |
| Operating profit (loss) | 9901 | -€13,682 | -€18,057 | -€4,375 | -32.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -73.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -73.3% |
| Financial charges | 65/66B | €225 | €194 | -€32 | -14.1% |
| Recurring financial charges | 65 | €225 | €194 | -€32 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,908 | -€18,251 | -€4,343 | -31.2% |
| Profit (loss) for the period | 9904 | -€13,908 | -€18,251 | -€4,343 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,908 | -€18,251 | -€4,343 | -31.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.