BMCO: 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.
BMCO
Largest movements
- Receivables within one year +€92,603
up €92,603 (+223%), from €41,448 to €134,050
of which Trade receivables: +€57,845
- Tangible fixed assets +€28,120
up €28,120 (+63.9%), from €43,978 to €72,098
of which Furniture and vehicles: +€29,624
- Cash +€16,440
up €16,440 (+211%), from €7,796 to €24,235
mainly Net result for the year (+€71,154) and Tax, wage and social debts (+€29,688)
- Reserves +€54,100
up €54,100 (+161%), from €33,530 to €87,630
of which Distributable reserves: +€54,100
- Tax, wage and social debts +€29,688
up €29,688 (+192%), from €15,491 to €45,179
of which Taxes: +€34,682
- Debts after one year +€25,516
up €25,516 (+173%), from €14,773 to €40,289
- Other debts +€14,411
up €14,411 (+963%), from €1,496 to €15,907
- Trade debts +€13,315
up €13,315 (+3,060%), from €435 to €13,750
- Gross operating margin +€102,281
up €102,281 (+261%), from €39,201 to €141,482
- Taxes +€34,258
up €34,258 (+1,007%), from €3,401 to €37,659
- Staff costs +€14,951
new in 2025: €14,951
- Depreciation -€10,851
down €10,851 (-46.3%), from €23,424 to €12,573
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 | €93,964 | €232,451 | +€138,488 | +147% |
| Fixed assets | 21/28 | €43,978 | €72,098 | +€28,120 | +63.9% |
| Tangible fixed assets | 22/27 | €43,978 | €72,098 | +€28,120 | +63.9% |
| Land and buildings | 22 | €29,694 | €29,294 | -€400 | -1.3% |
| Plant, machinery and equipment | 23 | €2,504 | €1,400 | -€1,104 | -44.1% |
| Furniture and vehicles | 24 | €11,779 | €41,403 | +€29,624 | +251% |
| Current assets | 29/58 | €49,986 | €160,354 | +€110,368 | +221% |
| Amounts receivable within one year | 40/41 | €41,448 | €134,050 | +€92,603 | +223% |
| Trade receivables | 40 | €38,415 | €96,260 | +€57,845 | +151% |
| Other amounts receivable | 41 | €3,032 | €37,790 | +€34,758 | +1,146% |
| Cash at bank and in hand | 54/58 | €7,796 | €24,235 | +€16,440 | +211% |
| Deferred charges and accrued income | 490/1 | €743 | €2,068 | +€1,326 | +178% |
| Total equity and liabilities | 10/49 | €93,964 | €232,451 | +€138,488 | +147% |
| Equity | 10/15 | €50,679 | €104,932 | +€54,254 | +107% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €33,530 | €87,630 | +€54,100 | +161% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Distributable reserves | 133 | €33,500 | €87,600 | +€54,100 | +161% |
| Profit (loss) carried forward | 14 | €16,849 | €17,002 | +€154 | +0.9% |
| Amounts payable | 17/49 | €43,285 | €127,519 | +€84,234 | +195% |
| Amounts payable after more than one year | 17 | €14,773 | €40,289 | +€25,516 | +173% |
| Financial debts | 170/4 | €14,773 | €40,289 | +€25,516 | +173% |
| Amounts payable within one year | 42/48 | €28,512 | €87,062 | +€58,551 | +205% |
| Current portion of amounts payable after more than one year | 42 | €11,090 | €12,227 | +€1,138 | +10.3% |
| Trade debts | 44 | €435 | €13,750 | +€13,315 | +3,060% |
| Suppliers | 440/4 | €435 | €13,750 | +€13,315 | +3,060% |
| Taxes, remuneration and social security | 45 | €15,491 | €45,179 | +€29,688 | +192% |
| Taxes | 450/3 | €7,221 | €41,903 | +€34,682 | +480% |
| Remuneration and social security | 454/9 | €8,270 | €3,276 | -€4,995 | -60.4% |
| Other amounts payable | 47/48 | €1,496 | €15,907 | +€14,411 | +963% |
| Accrued charges and deferred income | 492/3 | - | €167 | +€167 | |
| Remuneration, social security and pensions | 62 | - | €14,951 | +€14,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,424 | €12,573 | -€10,851 | -46.3% |
| Other operating charges | 640/8 | €1,582 | €1,861 | +€280 | +17.7% |
| Gross operating margin | 9900 | €39,201 | €141,482 | +€102,281 | +261% |
| Operating profit (loss) | 9901 | €14,195 | €112,096 | +€97,901 | +690% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €3,097 | €3,316 | +€219 | +7.1% |
| Recurring financial charges | 65 | €3,097 | €3,316 | +€219 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €11,098 | €108,812 | +€97,714 | +880% |
| Income taxes | 67/77 | €3,401 | €37,659 | +€34,258 | +1,007% |
| Profit (loss) for the period | 9904 | €7,697 | €71,154 | +€63,456 | +824% |
| Profit (loss) for the period to be appropriated | 9905 | €7,697 | €71,154 | +€63,456 | +824% |
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 13 October 2026 via checked.be.