BMF Spirits: 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.
BMF Spirits
Largest movements
- Receivables within one year -€49,859
down €49,859 (-44.8%), from €111,246 to €61,387
of which Trade receivables: -€26,103
- Tangible fixed assets -€10,070
down €10,070 (-30.3%), from €33,192 to €23,122
of which Leasing and similar rights: -€9,291
- Trade debts -€28,095
down €28,095 (-56.0%), from €50,148 to €22,053
- Debts after one year -€23,684
down €23,684 (-27.0%), from €87,760 to €64,076
- Tax, wage and social debts -€9,749
down €9,749 (-56.3%), from €17,325 to €7,576
of which Remuneration and social security: -€7,710
- Reserves +€7,000
up €7,000 (+50.0%), from €14,000 to €21,000
- Other debts -€3,375
down €3,375 (-57.5%), from €5,875 to €2,500
- Staff costs -€46,843
down €46,843 (-70.9%), from €66,100 to €19,257
- Gross operating margin -€43,932
down €43,932 (-46.8%), from €93,909 to €49,977
- Financial charges -€1,989
down €1,989 (-15.9%), from €12,496 to €10,506
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 | €214,653 | €159,240 | -€55,413 | -25.8% |
| Fixed assets | 21/28 | €33,397 | €23,327 | -€10,070 | -30.2% |
| Tangible fixed assets | 22/27 | €33,192 | €23,122 | -€10,070 | -30.3% |
| Plant, machinery and equipment | 23 | €1,427 | €870 | -€557 | -39.1% |
| Leasing and similar rights | 25 | €30,583 | €21,292 | -€9,291 | -30.4% |
| Other tangible fixed assets | 26 | €1,182 | €960 | -€222 | -18.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €181,256 | €135,913 | -€45,343 | -25.0% |
| Stocks and contracts in progress | 3 | €63,181 | €64,788 | +€1,607 | +2.5% |
| Stocks | 30/36 | €63,181 | €64,788 | +€1,607 | +2.5% |
| Amounts receivable within one year | 40/41 | €111,246 | €61,387 | -€49,859 | -44.8% |
| Trade receivables | 40 | €62,704 | €36,601 | -€26,103 | -41.6% |
| Other amounts receivable | 41 | €48,542 | €24,786 | -€23,755 | -48.9% |
| Cash at bank and in hand | 54/58 | €6,299 | €7,430 | +€1,131 | +17.9% |
| Deferred charges and accrued income | 490/1 | €530 | €2,309 | +€1,779 | +335.4% |
| Total equity and liabilities | 10/49 | €214,653 | €159,240 | -€55,413 | -25.8% |
| Equity | 10/15 | €30,058 | €37,042 | +€6,984 | +23.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €14,000 | €21,000 | +€7,000 | +50.0% |
| Distributable reserves | 133 | €14,000 | €21,000 | +€7,000 | +50.0% |
| Profit (loss) carried forward | 14 | €1,058 | €1,042 | -€16 | -1.5% |
| Amounts payable | 17/49 | €184,594 | €122,198 | -€62,396 | -33.8% |
| Amounts payable after more than one year | 17 | €87,760 | €64,076 | -€23,684 | -27.0% |
| Financial debts | 170/4 | €87,760 | €64,076 | -€23,684 | -27.0% |
| Amounts payable within one year | 42/48 | €96,304 | €55,813 | -€40,491 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €22,956 | €23,684 | +€728 | +3.2% |
| Trade debts | 44 | €50,148 | €22,053 | -€28,095 | -56.0% |
| Suppliers | 440/4 | €50,148 | €22,053 | -€28,095 | -56.0% |
| Taxes, remuneration and social security | 45 | €17,325 | €7,576 | -€9,749 | -56.3% |
| Taxes | 450/3 | €9,615 | €7,576 | -€2,039 | -21.2% |
| Remuneration and social security | 454/9 | €7,710 | - | -€7,710 | |
| Other amounts payable | 47/48 | €5,875 | €2,500 | -€3,375 | -57.5% |
| Accrued charges and deferred income | 492/3 | €530 | €2,309 | +€1,779 | +335.4% |
| Remuneration, social security and pensions | 62 | €66,100 | €19,257 | -€46,843 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,070 | €10,070 | = | 0.0% |
| Other operating charges | 640/8 | €2,223 | €2,513 | +€290 | +13.1% |
| Gross operating margin | 9900 | €93,909 | €49,977 | -€43,932 | -46.8% |
| Operating profit (loss) | 9901 | €15,516 | €18,136 | +€2,621 | +16.9% |
| Financial income | 75/76B | €303 | €1 | -€301 | -99.6% |
| Recurring financial income | 75 | €303 | €1 | -€301 | -99.6% |
| Financial charges | 65/66B | €12,496 | €10,506 | -€1,989 | -15.9% |
| Recurring financial charges | 65 | €12,496 | €10,506 | -€1,989 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €3,323 | €7,631 | +€4,309 | +129.7% |
| Income taxes | 67/77 | €246 | €647 | +€401 | +162.6% |
| Profit (loss) for the period | 9904 | €3,076 | €6,984 | +€3,908 | +127.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,076 | €6,984 | +€3,908 | +127.0% |
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 9 October 2026 via checked.be.