BMF CONCEPT: 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 CONCEPT
Largest movements
- Cash +€20,409
up €20,409 (+936.9%), from €2,178 to €22,588
mainly Net result for the year (+€48,598) and Depreciation (+€23,731)
- Tangible fixed assets +€9,463
up €9,463 (+16.0%), from €59,099 to €68,563
- Receivables within one year +€6,855
up €6,855 (+16.0%), from €42,807 to €49,661
of which Trade receivables: +€10,081
- Trade debts -€24,983
down €24,983 (-64.8%), from €38,532 to €13,549
- Profit (loss) carried forward +€23,598
up €23,598 (+68.6%), from €34,385 to €57,983
- Other debts +€15,555
new in 2025: €15,555
- Current portion of long-term debt +€13,260
new in 2025: €13,260
- Tax, wage and social debts +€4,909
up €4,909 (+31.0%), from €15,812 to €20,721
of which Taxes: +€7,615
- Gross operating margin +€118,300
up €118,300 (+421.2%), from €28,087 to €146,387
- Staff costs +€57,316
new in 2025: €57,316
- Depreciation +€23,731
new in 2025: €23,731
- Taxes +€7,615
up €7,615 (+116.8%), from €6,519 to €14,134
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 | €104,084 | €140,812 | +€36,727 | +35.3% |
| Fixed assets | 21/28 | €59,099 | €68,563 | +€9,463 | +16.0% |
| Tangible fixed assets | 22/27 | €59,099 | €68,563 | +€9,463 | +16.0% |
| Furniture and vehicles | 24 | €59,099 | €68,563 | +€9,463 | +16.0% |
| Current assets | 29/58 | €44,985 | €72,249 | +€27,264 | +60.6% |
| Amounts receivable within one year | 40/41 | €42,807 | €49,661 | +€6,855 | +16.0% |
| Trade receivables | 40 | €33,318 | €43,398 | +€10,081 | +30.3% |
| Other amounts receivable | 41 | €9,489 | €6,263 | -€3,226 | -34.0% |
| Cash at bank and in hand | 54/58 | €2,178 | €22,588 | +€20,409 | +936.9% |
| Total equity and liabilities | 10/49 | €104,084 | €140,812 | +€36,727 | +35.3% |
| Equity | 10/15 | €39,385 | €62,983 | +€23,598 | +59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,385 | €57,983 | +€23,598 | +68.6% |
| Amounts payable | 17/49 | €64,699 | €77,829 | +€13,130 | +20.3% |
| Amounts payable after more than one year | 17 | €10,354 | €14,743 | +€4,389 | +42.4% |
| Financial debts | 170/4 | €10,354 | €14,743 | +€4,389 | +42.4% |
| Amounts payable within one year | 42/48 | €54,344 | €63,085 | +€8,741 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,260 | +€13,260 | |
| Trade debts | 44 | €38,532 | €13,549 | -€24,983 | -64.8% |
| Suppliers | 440/4 | €38,532 | €13,549 | -€24,983 | -64.8% |
| Taxes, remuneration and social security | 45 | €15,812 | €20,721 | +€4,909 | +31.0% |
| Taxes | 450/3 | €6,519 | €14,134 | +€7,615 | +116.8% |
| Remuneration and social security | 454/9 | €9,293 | €6,588 | -€2,706 | -29.1% |
| Other amounts payable | 47/48 | - | €15,555 | +€15,555 | |
| Remuneration, social security and pensions | 62 | - | €57,316 | +€57,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €23,731 | +€23,731 | |
| Other operating charges | 640/8 | €116 | - | -€116 | |
| Non-recurring operating charges | 66A | - | €1,613 | +€1,613 | |
| Gross operating margin | 9900 | €28,087 | €146,387 | +€118,300 | +421.2% |
| Operating profit (loss) | 9901 | €27,971 | €63,728 | +€35,756 | +127.8% |
| Financial income | 75/76B | €1 | €10 | +€9 | +884.3% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +884.3% |
| Financial charges | 65/66B | €198 | €1,006 | +€808 | +408.5% |
| Recurring financial charges | 65 | €198 | €1,006 | +€808 | +408.5% |
| Profit (loss) for the period before taxes | 9903 | €27,774 | €62,731 | +€34,957 | +125.9% |
| Income taxes | 67/77 | €6,519 | €14,134 | +€7,615 | +116.8% |
| Profit (loss) for the period | 9904 | €21,255 | €48,598 | +€27,343 | +128.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,255 | €48,598 | +€27,343 | +128.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.