BMD CONSTRUCT: 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.
BMD CONSTRUCT
Largest movements
- Receivables within one year +€23,873
up €23,873 (+114.7%), from €20,817 to €44,690
of which Trade receivables: +€16,207
- Tangible fixed assets +€11,366
up €11,366 (+36.2%), from €31,378 to €42,744
of which Furniture and vehicles: +€15,901
- Cash +€5,040
up €5,040 (+187.1%), from €2,694 to €7,734
mainly Net result for the year (+€32,838) and Depreciation (+€17,452)
- Profit (loss) carried forward +€32,838
up €32,838 (+85.4%), from -€38,443 to -€5,606
- Trade debts +€16,268
up €16,268 (+251.3%), from €6,473 to €22,740
- Debts after one year -€9,212
down €9,212 (-18.5%), from €49,802 to €40,590
- Current portion of long-term debt -€2,111
down €2,111 (-9.9%), from €21,323 to €19,212
- Tax, wage and social debts +€1,815
up €1,815 (+75.4%), from €2,408 to €4,223
of which Remuneration and social security: +€2,150
- Gross operating margin +€26,404
up €26,404 (+86.9%), from €30,379 to €56,783
- Depreciation +€1,841
up €1,841 (+11.8%), from €15,611 to €17,452
- Financial charges -€728
down €728 (-16.1%), from €4,512 to €3,784
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,355 | €98,969 | +€39,614 | +66.7% |
| Fixed assets | 21/28 | €31,378 | €42,744 | +€11,366 | +36.2% |
| Tangible fixed assets | 22/27 | €31,378 | €42,744 | +€11,366 | +36.2% |
| Plant, machinery and equipment | 23 | €1,100 | €2,307 | +€1,207 | +109.8% |
| Furniture and vehicles | 24 | €13,608 | €29,509 | +€15,901 | +116.8% |
| Other tangible fixed assets | 26 | €16,670 | €10,929 | -€5,742 | -34.4% |
| Current assets | 29/58 | €27,977 | €56,224 | +€28,248 | +101.0% |
| Amounts receivable within one year | 40/41 | €20,817 | €44,690 | +€23,873 | +114.7% |
| Trade receivables | 40 | €11,214 | €27,421 | +€16,207 | +144.5% |
| Other amounts receivable | 41 | €9,603 | €17,269 | +€7,666 | +79.8% |
| Cash at bank and in hand | 54/58 | €2,694 | €7,734 | +€5,040 | +187.1% |
| Deferred charges and accrued income | 490/1 | €4,466 | €3,800 | -€666 | -14.9% |
| Total equity and liabilities | 10/49 | €59,355 | €98,969 | +€39,614 | +66.7% |
| Equity | 10/15 | -€20,650 | €12,187 | +€32,838 | |
| Contributions | 10/11 | €12,660 | €12,660 | = | 0.0% |
| Reserves | 13 | €5,133 | €5,133 | = | 0.0% |
| Distributable reserves | 133 | €5,133 | €5,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,443 | -€5,606 | +€32,838 | +85.4% |
| Amounts payable | 17/49 | €80,005 | €86,781 | +€6,776 | +8.5% |
| Amounts payable after more than one year | 17 | €49,802 | €40,590 | -€9,212 | -18.5% |
| Financial debts | 170/4 | €49,802 | €40,590 | -€9,212 | -18.5% |
| Amounts payable within one year | 42/48 | €30,203 | €46,176 | +€15,973 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €21,323 | €19,212 | -€2,111 | -9.9% |
| Trade debts | 44 | €6,473 | €22,740 | +€16,268 | +251.3% |
| Suppliers | 440/4 | €6,473 | €22,740 | +€16,268 | +251.3% |
| Taxes, remuneration and social security | 45 | €2,408 | €4,223 | +€1,815 | +75.4% |
| Taxes | 450/3 | €708 | €373 | -€335 | -47.3% |
| Remuneration and social security | 454/9 | €1,700 | €3,850 | +€2,150 | +126.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Remuneration, social security and pensions | 62 | €400 | €0 | -€400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,611 | €17,452 | +€1,841 | +11.8% |
| Other operating charges | 640/8 | €1,554 | €1,791 | +€237 | +15.2% |
| Non-recurring operating charges | 66A | - | €1,647 | +€1,647 | |
| Gross operating margin | 9900 | €30,379 | €56,783 | +€26,404 | +86.9% |
| Operating profit (loss) | 9901 | €12,814 | €35,892 | +€23,078 | +180.1% |
| Financial income | 75/76B | €478 | €900 | +€422 | +88.2% |
| Recurring financial income | 75 | €478 | €900 | +€422 | +88.2% |
| Financial charges | 65/66B | €4,512 | €3,784 | -€728 | -16.1% |
| Recurring financial charges | 65 | €4,512 | €3,784 | -€728 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €8,780 | €33,008 | +€24,228 | +276.0% |
| Income taxes | 67/77 | €174 | €170 | -€4 | -2.2% |
| Profit (loss) for the period | 9904 | €8,606 | €32,838 | +€24,232 | +281.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,606 | €32,838 | +€24,232 | +281.6% |
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.