BME: 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.
BME
Largest movements
- Receivables within one year +€297,492
up €297,492 (+54.1%), from €549,907 to €847,399
of which Trade receivables: +€300,173
- Cash -€218,342
down €218,342 (-84.1%), from €259,529 to €41,187
mainly Receivables within one year (-€297,492) and Debts after one year (-€99,681)
- Tangible fixed assets -€61,625
down €61,625 (-16.0%), from €386,348 to €324,722
of which Leasing and similar rights: -€46,579
- Trade debts +€100,263
up €100,263 (+11.6%), from €865,651 to €965,914
- Debts after one year -€99,681
down €99,681 (-37.3%), from €267,587 to €167,906
- Short-term financial debts -€35,882
down €35,882 (-6.4%), from €557,864 to €521,982
- Tax, wage and social debts +€21,840
up €21,840 (+30.1%), from €72,605 to €94,444
of which Taxes: +€26,061
- Gross operating margin -€596,865
down €596,865 (-55.4%), from €1.1m to €480,740
- Staff costs -€343,454
down €343,454 (-54.7%), from €628,422 to €284,968
- Depreciation -€123,038
down €123,038 (-48.7%), from €252,767 to €129,729
- Financial charges -€38,742
down €38,742 (-55.0%), from €70,496 to €31,754
- Other operating charges -€21,799
down €21,799 (-43.4%), from €50,206 to €28,407
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,745,113 | €1,743,214 | -€1,899 | -0.1% |
| Formation expenses | 20 | €177 | €0 | -€177 | -100.0% |
| Fixed assets | 21/28 | €788,598 | €736,242 | -€52,356 | -6.6% |
| Intangible fixed assets | 21 | €392,133 | €401,403 | +€9,270 | +2.4% |
| Tangible fixed assets | 22/27 | €386,348 | €324,722 | -€61,625 | -16.0% |
| Land and buildings | 22 | €85,125 | €83,482 | -€1,643 | -1.9% |
| Plant, machinery and equipment | 23 | €46,851 | €34,251 | -€12,600 | -26.9% |
| Furniture and vehicles | 24 | €8,962 | €10,772 | +€1,810 | +20.2% |
| Leasing and similar rights | 25 | €231,435 | €184,855 | -€46,579 | -20.1% |
| Other tangible fixed assets | 26 | €13,975 | €11,362 | -€2,613 | -18.7% |
| Financial fixed assets | 28 | €10,117 | €10,117 | = | 0.0% |
| Current assets | 29/58 | €956,338 | €1,006,972 | +€50,634 | +5.3% |
| Stocks and contracts in progress | 3 | €76,646 | €63,174 | -€13,473 | -17.6% |
| Stocks | 30/36 | €76,646 | €63,174 | -€13,473 | -17.6% |
| Amounts receivable within one year | 40/41 | €549,907 | €847,399 | +€297,492 | +54.1% |
| Trade receivables | 40 | €546,623 | €846,796 | +€300,173 | +54.9% |
| Other amounts receivable | 41 | €3,284 | €603 | -€2,681 | -81.6% |
| Cash at bank and in hand | 54/58 | €259,529 | €41,187 | -€218,342 | -84.1% |
| Deferred charges and accrued income | 490/1 | €70,256 | €55,212 | -€15,043 | -21.4% |
| Total equity and liabilities | 10/49 | €1,745,113 | €1,743,214 | -€1,899 | -0.1% |
| Equity | 10/15 | -€218,869 | -€208,622 | +€10,247 | +4.7% |
| Contributions | 10/11 | €1,105,564 | €1,105,564 | = | 0.0% |
| Capital | 10 | €1,105,564 | €1,105,564 | = | 0.0% |
| Issued capital | 100 | €1,105,564 | €1,105,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,324,433 | -€1,314,186 | +€10,247 | +0.8% |
| Amounts payable | 17/49 | €1,963,982 | €1,951,836 | -€12,146 | -0.6% |
| Amounts payable after more than one year | 17 | €267,587 | €167,906 | -€99,681 | -37.3% |
| Financial debts | 170/4 | €267,587 | €167,906 | -€99,681 | -37.3% |
| Amounts payable within one year | 42/48 | €1,678,728 | €1,768,940 | +€90,212 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €181,845 | €185,075 | +€3,230 | +1.8% |
| Financial debts | 43 | €557,864 | €521,982 | -€35,882 | -6.4% |
| Credit institutions | 430/8 | €557,864 | €521,982 | -€35,882 | -6.4% |
| Trade debts | 44 | €865,651 | €965,914 | +€100,263 | +11.6% |
| Suppliers | 440/4 | €865,651 | €965,914 | +€100,263 | +11.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €72,605 | €94,444 | +€21,840 | +30.1% |
| Taxes | 450/3 | €22,464 | €48,525 | +€26,061 | +116.0% |
| Remuneration and social security | 454/9 | €50,140 | €45,919 | -€4,221 | -8.4% |
| Other amounts payable | 47/48 | €763 | €1,526 | +€763 | +100.0% |
| Accrued charges and deferred income | 492/3 | €17,667 | €14,990 | -€2,677 | -15.2% |
| Non-recurring operating income | 76A | €77,278 | €0 | -€77,278 | -100.0% |
| Remuneration, social security and pensions | 62 | €628,422 | €284,968 | -€343,454 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,767 | €129,729 | -€123,038 | -48.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€439 | -€6,345 | -€5,906 | -1345.2% |
| Other operating charges | 640/8 | €50,206 | €28,407 | -€21,799 | -43.4% |
| Non-recurring operating charges | 66A | - | €1,893 | +€1,893 | |
| Gross operating margin | 9900 | €1,077,605 | €480,740 | -€596,865 | -55.4% |
| Operating profit (loss) | 9901 | €146,649 | €42,088 | -€104,561 | -71.3% |
| Financial income | 75/76B | €318 | €0 | -€318 | -100.0% |
| Recurring financial income | 75 | €318 | €0 | -€318 | -100.0% |
| Financial charges | 65/66B | €70,496 | €31,754 | -€38,742 | -55.0% |
| Recurring financial charges | 65 | €70,496 | €31,754 | -€38,742 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €76,472 | €10,335 | -€66,137 | -86.5% |
| Income taxes | 67/77 | €473 | €88 | -€386 | -81.5% |
| Profit (loss) for the period | 9904 | €75,998 | €10,247 | -€65,751 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,998 | €10,247 | -€65,751 | -86.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.