BMH: 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.
BMH
Largest movements
- Stocks and contracts -€764,606
down €764,606 (-100%), from €764,606 to €0
of which Contracts in progress: -€764,606
- Receivables within one year +€97,362
up €97,362 (+11.9%), from €821,071 to €918,433
of which Other amounts receivable: +€291,876
- Cash -€76,519
down €76,519 (-99.8%), from €76,647 to €128
mainly Other debts (-€587,253) and Net result for the year (-€152,470)
- Tangible fixed assets -€21,304
down €21,304 (-32.9%), from €64,782 to €43,478
of which Furniture and vehicles: -€20,273
- Other debts -€587,253
down €587,253 (-79.8%), from €735,483 to €148,230
- Profit (loss) carried forward -€152,470
new in 2025: -€152,470
- Trade debts -€23,756
down €23,756 (-4.5%), from €527,830 to €504,074
- Staff costs +€94,034
up €94,034 (+13.3%), from €706,959 to €800,993
- Gross operating margin -€79,772
down €79,772 (-10.5%), from €763,057 to €683,285
- Taxes -€11,904
down €11,904 (-97.7%), from €12,181 to €277
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 | €1,727,621 | €963,853 | -€763,768 | -44.2% |
| Fixed assets | 21/28 | €64,782 | €43,478 | -€21,304 | -32.9% |
| Tangible fixed assets | 22/27 | €64,782 | €43,478 | -€21,304 | -32.9% |
| Plant, machinery and equipment | 23 | €2,067 | €6,525 | +€4,458 | +216% |
| Furniture and vehicles | 24 | €43,601 | €23,328 | -€20,273 | -46.5% |
| Leasing and similar rights | 25 | €19,114 | €13,625 | -€5,489 | -28.7% |
| Current assets | 29/58 | €1,662,838 | €920,375 | -€742,463 | -44.7% |
| Stocks and contracts in progress | 3 | €764,606 | €0 | -€764,606 | -100% |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | €764,606 | - | -€764,606 | |
| Amounts receivable within one year | 40/41 | €821,071 | €918,433 | +€97,362 | +11.9% |
| Trade receivables | 40 | €743,611 | €549,096 | -€194,514 | -26.2% |
| Other amounts receivable | 41 | €77,460 | €369,337 | +€291,876 | +377% |
| Cash at bank and in hand | 54/58 | €76,647 | €128 | -€76,519 | -99.8% |
| Deferred charges and accrued income | 490/1 | €515 | €1,814 | +€1,299 | +252% |
| Total equity and liabilities | 10/49 | €1,727,621 | €963,853 | -€763,768 | -44.2% |
| Equity | 10/15 | €376,696 | €224,227 | -€152,470 | -40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,496 | €370,496 | = | 0.0% |
| Distributable reserves | 133 | €370,496 | €370,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€152,470 | -€152,470 | |
| Amounts payable | 17/49 | €1,350,924 | €739,626 | -€611,298 | -45.3% |
| Amounts payable after more than one year | 17 | €14,329 | €8,968 | -€5,361 | -37.4% |
| Financial debts | 170/4 | €14,329 | €8,968 | -€5,361 | -37.4% |
| Amounts payable within one year | 42/48 | €1,336,405 | €730,658 | -€605,747 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €5,200 | €5,361 | +€161 | +3.1% |
| Trade debts | 44 | €527,830 | €504,074 | -€23,756 | -4.5% |
| Suppliers | 440/4 | €527,830 | €504,074 | -€23,756 | -4.5% |
| Taxes, remuneration and social security | 45 | €67,893 | €72,994 | +€5,101 | +7.5% |
| Taxes | 450/3 | €15,489 | €6,884 | -€8,606 | -55.6% |
| Remuneration and social security | 454/9 | €52,403 | €66,110 | +€13,707 | +26.2% |
| Other amounts payable | 47/48 | €735,483 | €148,230 | -€587,253 | -79.8% |
| Accrued charges and deferred income | 492/3 | €190 | €0 | -€190 | -100% |
| Remuneration, social security and pensions | 62 | €706,959 | €800,993 | +€94,034 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,821 | €27,127 | +€1,306 | +5.1% |
| Other operating charges | 640/8 | €351 | €2,212 | +€1,861 | +531% |
| Non-recurring operating charges | 66A | - | €507 | +€507 | |
| Gross operating margin | 9900 | €763,057 | €683,285 | -€79,772 | -10.5% |
| Operating profit (loss) | 9901 | €29,927 | -€147,554 | -€177,480 | |
| Financial income | 75/76B | €183 | €0 | -€183 | -100% |
| Recurring financial income | 75 | €183 | €0 | -€183 | -100% |
| Financial charges | 65/66B | €11,208 | €4,639 | -€6,568 | -58.6% |
| Recurring financial charges | 65 | €11,208 | €4,639 | -€6,568 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €18,902 | -€152,193 | -€171,095 | |
| Income taxes | 67/77 | €12,181 | €277 | -€11,904 | -97.7% |
| Profit (loss) for the period | 9904 | €6,721 | -€152,470 | -€159,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,721 | -€152,470 | -€159,190 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.