BMJ: 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.
BMJ
Largest movements
- Intangible fixed assets -€270
down €270 (-25.0%), from €1,080 to €810
- Receivables within one year -€185
no longer reported in 2025 (was €185)
- Cash -€126
down €126 (-75.8%), from €166 to €40
mainly Trade debts (-€1,038) and Other debts (-€402)
- Trade debts -€1,038
down €1,038 (-64.4%), from €1,611 to €573
of which Suppliers: -€1,038
- Profit (loss) carried forward +€761
up €761 (+1.9%), from -€40,706 to -€39,945
- Other debts -€402
down €402 (-2.0%), from €19,759 to €19,357
- Tax, wage and social debts +€136
up €136 (+546%), from €25 to €161
of which Taxes: +€136
- Advances received -€38
down €38 (-15.3%), from €250 to €212
- Purchases and services -€1,372
down €1,372 (-15.6%), from €8,805 to €7,433
- Turnover -€1,149
down €1,149 (-11.4%), from €10,109 to €8,960
- Other operating charges +€389
up €389 (+608%), from €64 to €453
- Gross operating margin +€223
up €223 (+17.1%), from €1,304 to €1,527
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 | €1,431 | €850 | -€581 | -40.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,080 | €810 | -€270 | -25.0% |
| Intangible fixed assets | 21 | €1,080 | €810 | -€270 | -25.0% |
| Current assets | 29/58 | €351 | €40 | -€311 | -88.5% |
| Amounts receivable within one year | 40/41 | €185 | - | -€185 | |
| Other amounts receivable | 41 | €185 | - | -€185 | |
| Cash at bank and in hand | 54/58 | €166 | €40 | -€126 | -75.8% |
| Total equity and liabilities | 10/49 | €1,431 | €850 | -€581 | -40.6% |
| Equity | 10/15 | -€20,214 | -€19,453 | +€761 | +3.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €32 | €32 | +€0 | +0.8% |
| Non-distributable reserves | 130/1 | - | €32 | +€32 | |
| Reserves not available under the articles | 1311 | - | €32 | +€32 | |
| Tax-exempt reserves | 132 | €32 | - | -€32 | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€40,706 | -€39,945 | +€761 | +1.9% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Amounts payable | 17/49 | €21,645 | €20,303 | -€1,342 | -6.2% |
| Amounts payable within one year | 42/48 | €21,645 | €20,303 | -€1,342 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €1,611 | €573 | -€1,038 | -64.4% |
| Suppliers | 440/4 | €1,611 | €573 | -€1,038 | -64.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €250 | €212 | -€38 | -15.3% |
| Taxes, remuneration and social security | 45 | €25 | €161 | +€136 | +546% |
| Taxes | 450/3 | €25 | €161 | +€136 | +546% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,759 | €19,357 | -€402 | -2.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €10,109 | €8,960 | -€1,149 | -11.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,805 | €7,433 | -€1,372 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €270 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €453 | +€389 | +608% |
| Gross operating margin | 9900 | €1,304 | €1,527 | +€223 | +17.1% |
| Operating profit (loss) | 9901 | €970 | €804 | -€166 | -17.2% |
| Financial charges | 65/66B | €35 | €42 | +€7 | +20.0% |
| Recurring financial charges | 65 | €35 | €42 | +€7 | +20.0% |
| Non-recurring financial charges | 66B | €35 | - | -€35 | |
| Profit (loss) for the period before taxes | 9903 | €935 | €762 | -€173 | -18.6% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €935 | €762 | -€173 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €935 | €762 | -€173 | -18.6% |
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 14 October 2026 via checked.be.