BMDT: 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.
BMDT
Largest movements
- Stocks and contracts -€959,432
down €959,432 (-99.8%), from €961,319 to €1,887
- Receivables within one year +€368,391
up €368,391 (+12,535%), from €2,939 to €371,330
of which Other amounts receivable: +€288,450
- Cash +€197,857
up €197,857 (+19,648%), from €1,007 to €198,864
mainly Stocks and contracts (+€959,432) and Net result for the year (+€465,087)
- Short-term financial debts -€650,000
no longer reported in 2025 (was €650,000)
- Other debts +€266,548
up €266,548 (+154%), from €173,152 to €439,700
- Profit (loss) carried forward +€25,344
no longer reported in 2025 (was -€25,344)
- Trade debts -€18,689
down €18,689 (-36.1%), from €51,800 to €33,111
- Accrued charges and deferred income -€15,996
no longer reported in 2025 (was €15,996)
- Gross operating margin +€501,035
up €501,035, from -€7,380 to €493,655
- Financial charges +€9,266
up €9,266 (+56.0%), from €16,554 to €25,820
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 | €965,604 | €573,054 | -€392,550 | -40.7% |
| Current assets | 29/58 | €965,604 | €573,054 | -€392,550 | -40.7% |
| Stocks and contracts in progress | 3 | €961,319 | €1,887 | -€959,432 | -99.8% |
| Stocks | 30/36 | €961,319 | €1,887 | -€959,432 | -99.8% |
| Amounts receivable within one year | 40/41 | €2,939 | €371,330 | +€368,391 | +12,535% |
| Trade receivables | 40 | - | €79,941 | +€79,941 | |
| Other amounts receivable | 41 | €2,939 | €291,389 | +€288,450 | +9,815% |
| Cash at bank and in hand | 54/58 | €1,007 | €198,864 | +€197,857 | +19,648% |
| Deferred charges and accrued income | 490/1 | €339 | €973 | +€634 | +187% |
| Total equity and liabilities | 10/49 | €965,604 | €573,054 | -€392,550 | -40.7% |
| Equity | 10/15 | €74,656 | €100,043 | +€25,387 | +34.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €43 | +€43 | |
| Distributable reserves | 133 | - | €43 | +€43 | |
| Profit (loss) carried forward | 14 | -€25,344 | - | +€25,344 | |
| Amounts payable | 17/49 | €890,948 | €473,011 | -€417,937 | -46.9% |
| Amounts payable within one year | 42/48 | €874,952 | €473,011 | -€401,941 | -45.9% |
| Financial debts | 43 | €650,000 | - | -€650,000 | |
| Credit institutions | 430/8 | €650,000 | - | -€650,000 | |
| Trade debts | 44 | €51,800 | €33,111 | -€18,689 | -36.1% |
| Suppliers | 440/4 | €51,800 | €33,111 | -€18,689 | -36.1% |
| Taxes, remuneration and social security | 45 | - | €200 | +€200 | |
| Taxes | 450/3 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €173,152 | €439,700 | +€266,548 | +154% |
| Accrued charges and deferred income | 492/3 | €15,996 | - | -€15,996 | |
| Other operating charges | 640/8 | €1,410 | €2,548 | +€1,138 | +80.7% |
| Gross operating margin | 9900 | -€7,380 | €493,655 | +€501,035 | |
| Operating profit (loss) | 9901 | -€8,790 | €491,107 | +€499,897 | |
| Financial charges | 65/66B | €16,554 | €25,820 | +€9,266 | +56.0% |
| Recurring financial charges | 65 | €16,554 | €25,820 | +€9,266 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,344 | €465,287 | +€490,631 | |
| Income taxes | 67/77 | - | €200 | +€200 | |
| Profit (loss) for the period | 9904 | -€25,344 | €465,087 | +€490,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,344 | €465,087 | +€490,431 |
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.