BMD ELECTRICITE: 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.
BMD ELECTRICITE
Largest movements
- Receivables within one year +€764,517
up €764,517 (+182%), from €420,039 to €1.2m
of which Trade receivables: +€750,823
- Tangible fixed assets +€104,192
up €104,192 (+84.5%), from €123,335 to €227,527
of which Plant, machinery and equipment: +€124,214
- Stocks and contracts +€86,633
up €86,633 (+36.8%), from €235,575 to €322,208
- Cash +€25,228
up €25,228 (+15,322%), from €165 to €25,392
mainly Trade debts (+€479,059) and Current portion of long-term debt (+€399,218)
- Trade debts +€479,059
up €479,059 (+213%), from €225,375 to €704,434
- Current portion of long-term debt +€399,218
up €399,218 (+483%), from €82,637 to €481,855
- Profit (loss) carried forward +€102,851
up €102,851 (+56.8%), from €181,086 to €283,937
- Debts after one year -€93,751
down €93,751 (-41.9%), from €223,533 to €129,782
- Tax, wage and social debts +€57,378
up €57,378 (+56.8%), from €101,081 to €158,459
of which Remuneration and social security: +€32,042
- Gross operating margin +€503,651
up €503,651 (+68.1%), from €739,881 to €1.2m
- Staff costs +€336,065
up €336,065 (+60.3%), from €557,772 to €893,836
- Taxes +€39,208
up €39,208 (+116%), from €33,862 to €73,070
- Financial charges +€16,976
up €16,976 (+61.5%), from €27,623 to €44,598
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 | €828,231 | €1,817,852 | +€989,621 | +119% |
| Fixed assets | 21/28 | €129,223 | €233,877 | +€104,654 | +81.0% |
| Intangible fixed assets | 21 | €713 | €1,350 | +€637 | +89.4% |
| Tangible fixed assets | 22/27 | €123,335 | €227,527 | +€104,192 | +84.5% |
| Plant, machinery and equipment | 23 | €56,711 | €180,926 | +€124,214 | +219% |
| Furniture and vehicles | 24 | €66,624 | €46,601 | -€20,023 | -30.1% |
| Financial fixed assets | 28 | €5,175 | €5,000 | -€175 | -3.4% |
| Current assets | 29/58 | €699,008 | €1,583,975 | +€884,967 | +127% |
| Stocks and contracts in progress | 3 | €235,575 | €322,208 | +€86,633 | +36.8% |
| Stocks | 30/36 | €235,575 | €322,208 | +€86,633 | +36.8% |
| Amounts receivable within one year | 40/41 | €420,039 | €1,184,556 | +€764,517 | +182% |
| Trade receivables | 40 | €330,825 | €1,081,648 | +€750,823 | +227% |
| Other amounts receivable | 41 | €89,214 | €102,908 | +€13,693 | +15.3% |
| Cash at bank and in hand | 54/58 | €165 | €25,392 | +€25,228 | +15,322% |
| Deferred charges and accrued income | 490/1 | €43,229 | €51,819 | +€8,590 | +19.9% |
| Total equity and liabilities | 10/49 | €828,231 | €1,817,852 | +€989,621 | +119% |
| Equity | 10/15 | €187,086 | €289,937 | +€102,851 | +55.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,086 | €283,937 | +€102,851 | +56.8% |
| Amounts payable | 17/49 | €641,145 | €1,527,915 | +€886,770 | +138% |
| Amounts payable after more than one year | 17 | €223,533 | €129,782 | -€93,751 | -41.9% |
| Financial debts | 170/4 | €223,533 | €129,782 | -€93,751 | -41.9% |
| Amounts payable within one year | 42/48 | €416,302 | €1,396,844 | +€980,543 | +236% |
| Current portion of amounts payable after more than one year | 42 | €82,637 | €481,855 | +€399,218 | +483% |
| Financial debts | 43 | €7,209 | €30,638 | +€23,429 | +325% |
| Credit institutions | 430/8 | €7,209 | €30,638 | +€23,429 | +325% |
| Trade debts | 44 | €225,375 | €704,434 | +€479,059 | +213% |
| Suppliers | 440/4 | €225,375 | €704,434 | +€479,059 | +213% |
| Taxes, remuneration and social security | 45 | €101,081 | €158,459 | +€57,378 | +56.8% |
| Taxes | 450/3 | €28,109 | €53,445 | +€25,336 | +90.1% |
| Remuneration and social security | 454/9 | €72,972 | €105,014 | +€32,042 | +43.9% |
| Other amounts payable | 47/48 | - | €21,458 | +€21,458 | |
| Accrued charges and deferred income | 492/3 | €1,311 | €1,289 | -€22 | -1.7% |
| Remuneration, social security and pensions | 62 | €557,772 | €893,836 | +€336,065 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,303 | €54,104 | -€199 | -0.4% |
| Other operating charges | 640/8 | €14,181 | €8,489 | -€5,691 | -40.1% |
| Gross operating margin | 9900 | €739,881 | €1,243,532 | +€503,651 | +68.1% |
| Operating profit (loss) | 9901 | €113,625 | €287,102 | +€173,477 | +153% |
| Financial income | 75/76B | €165 | €1,712 | +€1,547 | +936% |
| Recurring financial income | 75 | €165 | €1,712 | +€1,547 | +936% |
| Financial charges | 65/66B | €27,623 | €44,598 | +€16,976 | +61.5% |
| Recurring financial charges | 65 | €27,623 | €44,598 | +€16,976 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €86,168 | €244,215 | +€158,048 | +183% |
| Income taxes | 67/77 | €33,862 | €73,070 | +€39,208 | +116% |
| Profit (loss) for the period | 9904 | €52,305 | €171,145 | +€118,840 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €52,305 | €171,145 | +€118,840 | +227% |
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 15 October 2026 via checked.be.