BMF WORLD: 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 WORLD
Largest movements
- Cash +€26,231
up €26,231 (+14.3%), from €183,182 to €209,413
mainly Net result for the year (+€44,720) and Trade debts (+€22,783)
- Deferred charges and accrued income +€22,015
up €22,015 (+948%), from €2,323 to €24,339
- Receivables within one year +€20,908
up €20,908 (+31.0%), from €67,342 to €88,250
- Tangible fixed assets -€8,341
down €8,341 (-45.8%), from €18,194 to €9,853
of which Furniture and vehicles: -€8,078
- Profit (loss) carried forward +€32,720
up €32,720 (+22.1%), from €148,193 to €180,913
- Trade debts +€22,783
up €22,783 (+44.1%), from €51,616 to €74,400
- Tax, wage and social debts +€4,975
up €4,975 (+13.5%), from €36,943 to €41,917
of which Taxes: +€4,743
- Other operating charges +€8,476
up €8,476 (+28.5%), from €29,783 to €38,259
- Gross operating margin +€7,766
up €7,766 (+4.2%), from €186,037 to €193,804
- Staff costs -€3,025
down €3,025 (-3.5%), from €85,677 to €82,652
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 | €272,441 | €333,255 | +€60,814 | +22.3% |
| Fixed assets | 21/28 | €19,594 | €11,253 | -€8,341 | -42.6% |
| Tangible fixed assets | 22/27 | €18,194 | €9,853 | -€8,341 | -45.8% |
| Plant, machinery and equipment | 23 | €1,317 | €1,054 | -€264 | -20.0% |
| Furniture and vehicles | 24 | €16,876 | €8,799 | -€8,078 | -47.9% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €252,847 | €322,002 | +€69,155 | +27.4% |
| Amounts receivable within one year | 40/41 | €67,342 | €88,250 | +€20,908 | +31.0% |
| Trade receivables | 40 | €67,342 | €88,250 | +€20,908 | +31.0% |
| Cash at bank and in hand | 54/58 | €183,182 | €209,413 | +€26,231 | +14.3% |
| Deferred charges and accrued income | 490/1 | €2,323 | €24,339 | +€22,015 | +948% |
| Total equity and liabilities | 10/49 | €272,441 | €333,255 | +€60,814 | +22.3% |
| Equity | 10/15 | €168,653 | €201,373 | +€32,720 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,193 | €180,913 | +€32,720 | +22.1% |
| Amounts payable | 17/49 | €103,787 | €131,882 | +€28,094 | +27.1% |
| Amounts payable within one year | 42/48 | €103,787 | €131,882 | +€28,094 | +27.1% |
| Trade debts | 44 | €51,616 | €74,400 | +€22,783 | +44.1% |
| Suppliers | 440/4 | €51,616 | €74,400 | +€22,783 | +44.1% |
| Taxes, remuneration and social security | 45 | €36,943 | €41,917 | +€4,975 | +13.5% |
| Taxes | 450/3 | €25,217 | €29,961 | +€4,743 | +18.8% |
| Remuneration and social security | 454/9 | €11,725 | €11,957 | +€231 | +2.0% |
| Other amounts payable | 47/48 | €15,228 | €15,564 | +€336 | +2.2% |
| Remuneration, social security and pensions | 62 | €85,677 | €82,652 | -€3,025 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,078 | €8,341 | +€264 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,728 | +€1,728 | |
| Other operating charges | 640/8 | €29,783 | €38,259 | +€8,476 | +28.5% |
| Gross operating margin | 9900 | €186,037 | €193,804 | +€7,766 | +4.2% |
| Operating profit (loss) | 9901 | €62,499 | €62,824 | +€325 | +0.5% |
| Financial income | 75/76B | €293 | - | -€293 | |
| Recurring financial income | 75 | €293 | - | -€293 | |
| Financial charges | 65/66B | €250 | €201 | -€49 | -19.7% |
| Recurring financial charges | 65 | €250 | €201 | -€49 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €62,543 | €62,624 | +€81 | +0.1% |
| Income taxes | 67/77 | €17,637 | €17,904 | +€267 | +1.5% |
| Profit (loss) for the period | 9904 | €44,906 | €44,720 | -€186 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,906 | €44,720 | -€186 | -0.4% |
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 20 October 2026 via checked.be.