BMRO: 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.
BMRO
Largest movements
- Receivables within one year -€35,291
down €35,291 (-55.6%), from €63,431 to €28,140
of which Trade receivables: -€35,291
- Tangible fixed assets +€24,499
up €24,499 (+371.8%), from €6,588 to €31,087
of which Furniture and vehicles: +€25,357
- Cash -€12,643
down €12,643 (-50.7%), from €24,916 to €12,273
mainly Net result for the year (-€82,933) and Investment in fixed assets (net) (-€33,446)
- Stocks and contracts +€8,726
up €8,726 (+3.6%), from €242,339 to €251,065
- Reserves -€82,933
down €82,933 (-68.6%), from €120,940 to €38,007
- Trade debts +€51,982
up €51,982 (+40.7%), from €127,660 to €179,642
- Short-term financial debts +€21,253
up €21,253 (+182.7%), from €11,632 to €32,885
- Current portion of long-term debt -€3,530
down €3,530 (-38.4%), from €9,199 to €5,669
- Gross operating margin -€80,795
down €80,795 (-38.8%), from €208,235 to €127,440
- Staff costs +€25,619
up €25,619 (+15.7%), from €163,378 to €188,997
- Depreciation +€5,506
up €5,506 (+159.9%), from €3,442 to €8,948
- Financial income -€4,330
down €4,330 (-61.0%), from €7,102 to €2,772
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 | €338,988 | €324,279 | -€14,710 | -4.3% |
| Fixed assets | 21/28 | €8,061 | €32,559 | +€24,499 | +303.9% |
| Tangible fixed assets | 22/27 | €6,588 | €31,087 | +€24,499 | +371.8% |
| Land and buildings | 22 | €6,565 | €5,730 | -€835 | -12.7% |
| Plant, machinery and equipment | 23 | €23 | - | -€23 | |
| Furniture and vehicles | 24 | - | €25,357 | +€25,357 | |
| Financial fixed assets | 28 | €1,473 | €1,473 | = | 0.0% |
| Current assets | 29/58 | €330,928 | €291,719 | -€39,208 | -11.8% |
| Stocks and contracts in progress | 3 | €242,339 | €251,065 | +€8,726 | +3.6% |
| Stocks | 30/36 | €242,339 | €251,065 | +€8,726 | +3.6% |
| Amounts receivable within one year | 40/41 | €63,431 | €28,140 | -€35,291 | -55.6% |
| Trade receivables | 40 | €63,200 | €27,908 | -€35,291 | -55.8% |
| Other amounts receivable | 41 | €231 | €231 | = | 0.0% |
| Current investments | 50/53 | €242 | €242 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,916 | €12,273 | -€12,643 | -50.7% |
| Total equity and liabilities | 10/49 | €338,988 | €324,279 | -€14,710 | -4.3% |
| Equity | 10/15 | €140,940 | €58,007 | -€82,933 | -58.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €120,940 | €38,007 | -€82,933 | -68.6% |
| Distributable reserves | 133 | €120,940 | €38,007 | -€82,933 | -68.6% |
| Amounts payable | 17/49 | €198,048 | €266,272 | +€68,223 | +34.4% |
| Amounts payable within one year | 42/48 | €198,048 | €266,272 | +€68,223 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €9,199 | €5,669 | -€3,530 | -38.4% |
| Financial debts | 43 | €11,632 | €32,885 | +€21,253 | +182.7% |
| Credit institutions | 430/8 | €11,632 | €32,885 | +€21,253 | +182.7% |
| Trade debts | 44 | €127,660 | €179,642 | +€51,982 | +40.7% |
| Suppliers | 440/4 | €127,660 | €179,642 | +€51,982 | +40.7% |
| Taxes, remuneration and social security | 45 | €49,557 | €48,075 | -€1,482 | -3.0% |
| Taxes | 450/3 | €31,306 | €26,761 | -€4,545 | -14.5% |
| Remuneration and social security | 454/9 | €18,251 | €21,314 | +€3,063 | +16.8% |
| Remuneration, social security and pensions | 62 | €163,378 | €188,997 | +€25,619 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,442 | €8,948 | +€5,506 | +159.9% |
| Other operating charges | 640/8 | €3,755 | €3,232 | -€522 | -13.9% |
| Gross operating margin | 9900 | €208,235 | €127,440 | -€80,795 | -38.8% |
| Operating profit (loss) | 9901 | €37,660 | -€73,737 | -€111,397 | |
| Financial income | 75/76B | €7,102 | €2,772 | -€4,330 | -61.0% |
| Recurring financial income | 75 | €7,102 | €2,772 | -€4,330 | -61.0% |
| Financial charges | 65/66B | €12,958 | €11,387 | -€1,571 | -12.1% |
| Recurring financial charges | 65 | €12,958 | €11,387 | -€1,571 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €31,805 | -€82,352 | -€114,156 | |
| Income taxes | 67/77 | €717 | €581 | -€136 | -18.9% |
| Profit (loss) for the period | 9904 | €31,087 | -€82,933 | -€114,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,087 | -€82,933 | -€114,020 |
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.