BMN Invest: 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.
BMN Invest
Largest movements
- Receivables within one year -€300,000
down €300,000 (-75.0%), from €400,000 to €100,000
- Tangible fixed assets +€254,631
up €254,631 (+19.5%), from €1.3m to €1.6m
of which Other tangible fixed assets: +€214,551
- Other debts -€54,165
down €54,165 (-3.2%), from €1.7m to €1.7m
- Tax, wage and social debts -€33,512
down €33,512 (-92.4%), from €36,261 to €2,750
- Financial income -€299,917
down €299,917 (-75.0%), from €400,006 to €100,089
- Taxes -€33,487
down €33,487 (-92.3%), from €36,263 to €2,776
- Depreciation +€28,733
up €28,733 (+68.2%), from €42,142 to €70,876
- Other operating charges +€9,551
up €9,551 (+159%), from €6,018 to €15,568
- Gross operating margin -€3,928
down €3,928 (-18.8%), from €20,883 to €16,955
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 | €2,979,492 | €2,921,812 | -€57,680 | -1.9% |
| Fixed assets | 21/28 | €2,556,352 | €2,810,983 | +€254,631 | +10.0% |
| Tangible fixed assets | 22/27 | €1,306,352 | €1,560,983 | +€254,631 | +19.5% |
| Land and buildings | 22 | €1,026,037 | €1,066,682 | +€40,645 | +4.0% |
| Furniture and vehicles | 24 | €1,517 | €951 | -€566 | -37.3% |
| Other tangible fixed assets | 26 | €278,798 | €493,349 | +€214,551 | +77.0% |
| Financial fixed assets | 28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Current assets | 29/58 | €423,140 | €110,829 | -€312,311 | -73.8% |
| Amounts receivable within one year | 40/41 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Trade receivables | 40 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €22,469 | €10,039 | -€12,430 | -55.3% |
| Deferred charges and accrued income | 490/1 | €671 | €790 | +€119 | +17.8% |
| Total equity and liabilities | 10/49 | €2,979,492 | €2,921,812 | -€57,680 | -1.9% |
| Equity | 10/15 | €1,230,316 | €1,258,079 | +€27,763 | +2.3% |
| Contributions | 10/11 | €9,284 | €9,284 | = | 0.0% |
| Reserves | 13 | €1,221,032 | €1,248,795 | +€27,763 | +2.3% |
| Distributable reserves | 133 | €1,221,032 | €1,248,795 | +€27,763 | +2.3% |
| Amounts payable | 17/49 | €1,749,176 | €1,663,733 | -€85,443 | -4.9% |
| Amounts payable within one year | 42/48 | €1,748,646 | €1,663,203 | -€85,443 | -4.9% |
| Trade debts | 44 | €1,511 | €3,744 | +€2,233 | +148% |
| Suppliers | 440/4 | €1,511 | €3,744 | +€2,233 | +148% |
| Taxes, remuneration and social security | 45 | €36,261 | €2,750 | -€33,512 | -92.4% |
| Taxes | 450/3 | €36,261 | €2,750 | -€33,512 | -92.4% |
| Other amounts payable | 47/48 | €1,710,874 | €1,656,709 | -€54,165 | -3.2% |
| Accrued charges and deferred income | 492/3 | €530 | €530 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,142 | €70,876 | +€28,733 | +68.2% |
| Other operating charges | 640/8 | €6,018 | €15,568 | +€9,551 | +159% |
| Gross operating margin | 9900 | €20,883 | €16,955 | -€3,928 | -18.8% |
| Operating profit (loss) | 9901 | -€27,277 | -€69,489 | -€42,212 | -155% |
| Financial income | 75/76B | €400,006 | €100,089 | -€299,917 | -75.0% |
| Recurring financial income | 75 | €400,006 | €100,089 | -€299,917 | -75.0% |
| Financial charges | 65/66B | €2,921 | €61 | -€2,860 | -97.9% |
| Recurring financial charges | 65 | €2,921 | €61 | -€2,860 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €369,808 | €30,540 | -€339,268 | -91.7% |
| Income taxes | 67/77 | €36,263 | €2,776 | -€33,487 | -92.3% |
| Profit (loss) for the period | 9904 | €333,545 | €27,763 | -€305,782 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €333,545 | €27,763 | -€305,782 | -91.7% |
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 31 October 2026 via checked.be.