BMF: 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.
BMF
Largest movements
- Financial fixed assets +€2.8m
up €2.8m (+41.7%), from €6.8m to €9.6m
- Current investments +€827,020
up €827,020 (+13.5%), from €6.1m to €7.0m
- Other debts +€2.8m
up €2.8m (+35149.0%), from €8,041 to €2.8m
- Profit (loss) carried forward +€433,103
up €433,103 (+6.3%), from €6.9m to €7.3m
- Reserves +€300,000
up €300,000 (+30.8%), from €974,195 to €1.3m
- Financial income +€347,528
up €347,528 (+75.7%), from €459,027 to €806,555
- Financial charges +€8,512
up €8,512 (+26.8%), from €31,747 to €40,259
- Gross operating margin +€1,208
up €1,208 (+39.0%), from -€3,094 to -€1,886
- Other operating charges +€199
up €199 (+17.9%), from €1,108 to €1,307
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 | €13,702,018 | €17,258,450 | +€3.6m | +26.0% |
| Fixed assets | 21/28 | €6,771,176 | €9,597,541 | +€2.8m | +41.7% |
| Financial fixed assets | 28 | €6,771,176 | €9,597,541 | +€2.8m | +41.7% |
| Current assets | 29/58 | €6,930,842 | €7,660,909 | +€730,067 | +10.5% |
| Amounts receivable within one year | 40/41 | €59,685 | €129,292 | +€69,607 | +116.6% |
| Other amounts receivable | 41 | €59,685 | €129,292 | +€69,607 | +116.6% |
| Current investments | 50/53 | €6,137,844 | €6,964,864 | +€827,020 | +13.5% |
| Cash at bank and in hand | 54/58 | €733,313 | €566,754 | -€166,559 | -22.7% |
| Total equity and liabilities | 10/49 | €13,702,018 | €17,258,450 | +€3.6m | +26.0% |
| Equity | 10/15 | €13,629,548 | €14,362,651 | +€733,103 | +5.4% |
| Contributions | 10/11 | €5,744,183 | €5,744,183 | = | 0.0% |
| Reserves | 13 | €974,195 | €1,274,195 | +€300,000 | +30.8% |
| Distributable reserves | 133 | €974,195 | €1,274,195 | +€300,000 | +30.8% |
| Profit (loss) carried forward | 14 | €6,911,170 | €7,344,273 | +€433,103 | +6.3% |
| Amounts payable | 17/49 | €72,470 | €2,895,799 | +€2.8m | +3895.9% |
| Amounts payable within one year | 42/48 | €71,502 | €2,894,406 | +€2.8m | +3948.0% |
| Trade debts | 44 | €3,461 | - | -€3,461 | |
| Suppliers | 440/4 | €3,461 | - | -€3,461 | |
| Taxes, remuneration and social security | 45 | €60,000 | €60,000 | = | 0.0% |
| Taxes | 450/3 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 47/48 | €8,041 | €2,834,406 | +€2.8m | +35149.0% |
| Accrued charges and deferred income | 492/3 | €968 | €1,393 | +€425 | +43.9% |
| Other operating charges | 640/8 | €1,108 | €1,307 | +€199 | +17.9% |
| Gross operating margin | 9900 | -€3,094 | -€1,886 | +€1,208 | +39.0% |
| Operating profit (loss) | 9901 | -€4,202 | -€3,193 | +€1,010 | +24.0% |
| Financial income | 75/76B | €459,027 | €806,555 | +€347,528 | +75.7% |
| Recurring financial income | 75 | €459,027 | €806,555 | +€347,528 | +75.7% |
| Financial charges | 65/66B | €31,747 | €40,259 | +€8,512 | +26.8% |
| Recurring financial charges | 65 | €31,747 | €40,259 | +€8,512 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €423,077 | €763,103 | +€340,026 | +80.4% |
| Income taxes | 67/77 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €393,077 | €733,103 | +€340,026 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €393,077 | €733,103 | +€340,026 | +86.5% |
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 5 October 2026 via checked.be.