BMG: 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.
BMG
Largest movements
- Current investments +€20,000
up €20,000 (+14.3%), from €140,000 to €160,000
- Cash -€8,414
down €8,414 (-46.7%), from €18,029 to €9,615
mainly Current investments (-€20,000) and Other debts (-€3,542)
- Reserves +€15,998
up €15,998 (+21.4%), from €74,674 to €90,672
- Other debts -€3,542
down €3,542 (-4.8%), from €73,761 to €70,219
- Gross operating margin -€1,826
down €1,826 (-8.0%), from €22,887 to €21,061
- Financial income +€1,338
up €1,338 (+48.3%), from €2,767 to €4,104
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 | €165,722 | €177,310 | +€11,588 | +7.0% |
| Fixed assets | 21/28 | €1,993 | €1,232 | -€761 | -38.2% |
| Tangible fixed assets | 22/27 | €1,993 | €1,232 | -€761 | -38.2% |
| Furniture and vehicles | 24 | €1,993 | €1,232 | -€761 | -38.2% |
| Current assets | 29/58 | €163,729 | €176,078 | +€12,349 | +7.5% |
| Amounts receivable within one year | 40/41 | €5,700 | €6,463 | +€763 | +13.4% |
| Trade receivables | 40 | €5,700 | €6,463 | +€763 | +13.4% |
| Current investments | 50/53 | €140,000 | €160,000 | +€20,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €18,029 | €9,615 | -€8,414 | -46.7% |
| Total equity and liabilities | 10/49 | €165,722 | €177,310 | +€11,588 | +7.0% |
| Equity | 10/15 | €87,174 | €103,172 | +€15,998 | +18.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €74,674 | €90,672 | +€15,998 | +21.4% |
| Distributable reserves | 133 | €74,674 | €90,672 | +€15,998 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,548 | €74,138 | -€4,410 | -5.6% |
| Amounts payable within one year | 42/48 | €78,548 | €74,138 | -€4,410 | -5.6% |
| Financial debts | 43 | €2,000 | €2,267 | +€267 | +13.3% |
| Credit institutions | 430/8 | €2,000 | €2,267 | +€267 | +13.3% |
| Trade debts | 44 | €149 | €0 | -€149 | -100.0% |
| Suppliers | 440/4 | €149 | €0 | -€149 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,637 | €1,652 | -€985 | -37.3% |
| Taxes | 450/3 | €2,637 | €1,652 | -€985 | -37.3% |
| Other amounts payable | 47/48 | €73,761 | €70,219 | -€3,542 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €761 | €761 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €22,887 | €21,061 | -€1,826 | -8.0% |
| Operating profit (loss) | 9901 | €22,011 | €20,174 | -€1,837 | -8.3% |
| Financial income | 75/76B | €2,767 | €4,104 | +€1,338 | +48.3% |
| Recurring financial income | 75 | €2,767 | €4,104 | +€1,338 | +48.3% |
| Financial charges | 65/66B | €142 | €131 | -€11 | -7.4% |
| Recurring financial charges | 65 | €142 | €131 | -€11 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €24,636 | €24,147 | -€489 | -2.0% |
| Income taxes | 67/77 | €6,567 | €6,484 | -€84 | -1.3% |
| Profit (loss) for the period | 9904 | €18,068 | €17,664 | -€405 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,068 | €17,664 | -€405 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.