BML & Partners: 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.
BML & Partners
Largest movements
- Stocks and contracts +€596,865
up €596,865 (+38.5%), from €1.6m to €2.1m
- Receivables within one year +€276,214
up €276,214 (+84.3%), from €327,469 to €603,683
of which Trade receivables: +€574,176
- Cash -€46,013
down €46,013 (-91.6%), from €50,237 to €4,224
mainly Stocks and contracts (-€596,865) and Receivables within one year (-€276,214)
- Other debts +€526,077
up €526,077 (+30.3%), from €1.7m to €2.3m
- Trade debts +€148,162
up €148,162 (+118.5%), from €124,979 to €273,141
- Advances received +€144,645
new in 2025: €144,645
- Other operating charges -€4,865
down €4,865 (-72.7%), from €6,695 to €1,829
- Gross operating margin -€2,871
down €2,871 (-21.0%), from €13,671 to €10,800
- Taxes +€397
up €397 (+22.2%), from €1,787 to €2,184
- Financial charges +€370
up €370 (+88.4%), from €419 to €788
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 | €1,929,959 | €2,757,026 | +€827,066 | +42.9% |
| Current assets | 29/58 | €1,929,959 | €2,757,026 | +€827,066 | +42.9% |
| Stocks and contracts in progress | 3 | €1,552,253 | €2,149,118 | +€596,865 | +38.5% |
| Stocks | 30/36 | €1,552,253 | €2,149,118 | +€596,865 | +38.5% |
| Amounts receivable within one year | 40/41 | €327,469 | €603,683 | +€276,214 | +84.3% |
| Trade receivables | 40 | - | €574,176 | +€574,176 | |
| Other amounts receivable | 41 | €327,469 | €29,508 | -€297,961 | -91.0% |
| Cash at bank and in hand | 54/58 | €50,237 | €4,224 | -€46,013 | -91.6% |
| Total equity and liabilities | 10/49 | €1,929,959 | €2,757,026 | +€827,066 | +42.9% |
| Equity | 10/15 | €69,570 | €75,569 | +€5,998 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €395 | €695 | +€300 | +75.9% |
| Non-distributable reserves | 130/1 | €395 | €695 | +€300 | +75.9% |
| Legal reserve | 130 | €395 | €695 | +€300 | +75.9% |
| Profit (loss) carried forward | 14 | €7,175 | €12,874 | +€5,698 | +79.4% |
| Amounts payable | 17/49 | €1,860,389 | €2,681,457 | +€821,068 | +44.1% |
| Amounts payable within one year | 42/48 | €1,860,389 | €2,681,457 | +€821,068 | +44.1% |
| Trade debts | 44 | €124,979 | €273,141 | +€148,162 | +118.5% |
| Suppliers | 440/4 | €124,979 | €273,141 | +€148,162 | +118.5% |
| Advances received on contracts in progress | 46 | - | €144,645 | +€144,645 | |
| Taxes, remuneration and social security | 45 | €1,787 | €3,971 | +€2,184 | +122.2% |
| Taxes | 450/3 | €1,787 | €3,971 | +€2,184 | +122.2% |
| Other amounts payable | 47/48 | €1,733,623 | €2,259,700 | +€526,077 | +30.3% |
| Other operating charges | 640/8 | €6,695 | €1,829 | -€4,865 | -72.7% |
| Gross operating margin | 9900 | €13,671 | €10,800 | -€2,871 | -21.0% |
| Operating profit (loss) | 9901 | €6,976 | €8,971 | +€1,994 | +28.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €419 | €788 | +€370 | +88.4% |
| Recurring financial charges | 65 | €419 | €788 | +€370 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | €6,558 | €8,182 | +€1,624 | +24.8% |
| Income taxes | 67/77 | €1,787 | €2,184 | +€397 | +22.2% |
| Profit (loss) for the period | 9904 | €4,771 | €5,998 | +€1,228 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,771 | €5,998 | +€1,228 | +25.7% |
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 10 October 2026 via checked.be.