BMS-94: 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.
BMS-94
Largest movements
- Financial fixed assets +€220,000
new in 2025: €220,000
- Cash -€96,995
down €96,995 (-95.7%), from €101,363 to €4,368
mainly Investment in fixed assets (net) (-€220,000) and Trade debts (-€697)
- Receivables within one year -€12,131
down €12,131 (-98.0%), from €12,383 to €253
of which Trade receivables: -€12,100
- Profit (loss) carried forward +€89,330
up €89,330 (+105.0%), from €85,077 to €174,408
- Tax, wage and social debts +€21,097
up €21,097 (+86.8%), from €24,297 to €45,394
of which Taxes: +€21,097
- Gross operating margin +€48,702
up €48,702 (+66.5%), from €73,189 to €121,891
- Taxes +€16,015
up €16,015 (+108.6%), from €14,752 to €30,767
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 | €116,338 | €226,056 | +€109,718 | +94.3% |
| Fixed assets | 21/28 | €2,592 | €221,435 | +€218,844 | +8444.7% |
| Tangible fixed assets | 22/27 | €2,592 | €1,435 | -€1,156 | -44.6% |
| Furniture and vehicles | 24 | €2,592 | €1,435 | -€1,156 | -44.6% |
| Financial fixed assets | 28 | - | €220,000 | +€220,000 | |
| Current assets | 29/58 | €113,747 | €4,621 | -€109,126 | -95.9% |
| Amounts receivable within one year | 40/41 | €12,383 | €253 | -€12,131 | -98.0% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €283 | €253 | -€31 | -10.8% |
| Cash at bank and in hand | 54/58 | €101,363 | €4,368 | -€96,995 | -95.7% |
| Total equity and liabilities | 10/49 | €116,338 | €226,056 | +€109,718 | +94.3% |
| Equity | 10/15 | €90,077 | €179,408 | +€89,330 | +99.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,077 | €174,408 | +€89,330 | +105.0% |
| Amounts payable | 17/49 | €26,261 | €46,648 | +€20,388 | +77.6% |
| Amounts payable within one year | 42/48 | €26,248 | €46,648 | +€20,400 | +77.7% |
| Trade debts | 44 | €1,951 | €1,254 | -€697 | -35.7% |
| Suppliers | 440/4 | €1,951 | €1,254 | -€697 | -35.7% |
| Taxes, remuneration and social security | 45 | €24,297 | €45,394 | +€21,097 | +86.8% |
| Taxes | 450/3 | €22,697 | €43,794 | +€21,097 | +93.0% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | €1,156 | +€279 | +31.8% |
| Other operating charges | 640/8 | €281 | €455 | +€174 | +62.0% |
| Gross operating margin | 9900 | €73,189 | €121,891 | +€48,702 | +66.5% |
| Operating profit (loss) | 9901 | €72,031 | €120,280 | +€48,249 | +67.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €128 | €182 | +€55 | +42.7% |
| Recurring financial charges | 65 | €128 | €182 | +€55 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €71,903 | €120,097 | +€48,194 | +67.0% |
| Income taxes | 67/77 | €14,752 | €30,767 | +€16,015 | +108.6% |
| Profit (loss) for the period | 9904 | €57,151 | €89,330 | +€32,179 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,151 | €89,330 | +€32,179 | +56.3% |
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 9 October 2026 via checked.be.